Question 1

Ethical behavior is required of every employee within an organisation.

Accepted Answer

A) True 
 B)False  True

Question 2

The process of measuring, monitoring and simultaneously controlling the economic, environmental and social dimensions of an entity is known as:

Accepted Answer

A)  sustainability 
B)  sustainability management 
C)  sustainability accounting 
D)  none of the above 
A)  sustainability 
B)  sustainability management 
C)  sustainability accounting 
D)  none of the above B

Question 3

The incorrect statement concerning incorporating sustainability into an organisation is:

Accepted Answer

A)  It requires a change in corporate culture 
B)  There is general agreement world-wide on what is meant by sustainability 
C)  It requires a long-term focus 
D)  Participation of multiple stakeholders along the value chain is a key factor for success 
A)  It requires a change in corporate culture 
B)  There is general agreement world-wide on what is meant by sustainability 
C)  It requires a long-term focus 
D)  Participation of multiple stakeholders along the value chain is a key factor for success B

Question 4

The set of guideline it is compulsory for all Australian companies to follow when reporting on sustainability is the:

Accepted Answer

A)  ASX Corporate Governance Principles and Recommendations 
B)  Balanced Scorecard 
C)  Global Reporting Initiative (GRI) 
D)  There is not a set of guidelines that it is compulsory to follow 
A)  ASX Corporate Governance Principles and Recommendations 
B)  Balanced Scorecard 
C)  Global Reporting Initiative (GRI) 
D)  There is not a set of guidelines that it is compulsory to follow

Question 5

The statement concerning the ASX Corporate governance principles and recommendations that is not correct is:

Accepted Answer

A)  Its focus is on the society and the environment as risk management concerns 
B)  If a listed company does not follow the principles it must explain why in its annual report 
C)  It requires companies to prepare separate annual reports on their sustainability 
D)  It contains eight principles 
A)  Its focus is on the society and the environment as risk management concerns 
B)  If a listed company does not follow the principles it must explain why in its annual report 
C)  It requires companies to prepare separate annual reports on their sustainability 
D)  It contains eight principles

Question 6

Ethical behavior is an individual obligation, not an organisational obligation.

Accepted Answer

A) True 
 B)False

Question 7

The fundamental reason for making an organisation sustainable is:

Accepted Answer

A)  to meet the needs of the present without compromising the ability of future generations to meet their own needs 
B)  to preempt government legislation 
C)  to ensure that the organisation grows 
D)  all of the above 
A)  to meet the needs of the present without compromising the ability of future generations to meet their own needs 
B)  to preempt government legislation 
C)  to ensure that the organisation grows 
D)  all of the above

Question 8

Carbon accounting can be interpreted as a vehicle for internalising previously ignored externalities.

Accepted Answer

A) True 
 B)False

Question 9

Which of these environmental costs is the easiest to measure?

Accepted Answer

A)  Upfront costs such as initial design costs 
B)  Societal costs 
C)  Contingent costs such as lawsuits relating to environmental failures 
D)  Image costs which may affect brand names and goodwill 
A)  Upfront costs such as initial design costs 
B)  Societal costs 
C)  Contingent costs such as lawsuits relating to environmental failures 
D)  Image costs which may affect brand names and goodwill

Question 10

Currently, in many organizations, sustainability costs tend not to be treated as separate costs within the accounting system.

Accepted Answer

A) True 
 B)False

Question 11

The process of implementing sustainability is:

Accepted Answer

A)  generally well understood 
B)  requires new thinking 
C)  can be copied from another organisation 
D)  is similar for most industries 
A)  generally well understood 
B)  requires new thinking 
C)  can be copied from another organisation 
D)  is similar for most industries

Question 12

The balanced scorecard is seen more as a strategy communication tool rather than a tool useful for sustainability performance evaluation.

Accepted Answer

A) True 
 B)False

Question 13

Research has shown that if an organisation pursues sustainability, in the long-run this will lead to a drop in its profitability.

Accepted Answer

A) True 
 B)False

Question 14

Progress on sustainability is most likely to be achieved by:

Accepted Answer

A)  multidisciplinary teams 
B)  individual champions 
C)  employees 
D)  management accountants 
A)  multidisciplinary teams 
B)  individual champions 
C)  employees 
D)  management accountants

Question 15

An organisation can reduce its carbon footprint by outsourcing some of its operations.

Accepted Answer

A) True 
 B)False

Question 16

Which of these is not a core indicator of the Global Reporting Initiative's sustainability reporting framework?

Accepted Answer

A)  information on product labeling 
B)  information on employee turnover 
C)  information on childcare places provided 
D)  information on occupational health and safety 
A)  information on product labeling 
B)  information on employee turnover 
C)  information on childcare places provided 
D)  information on occupational health and safety

Question 17

The index for ranking companies on their sustainability practices is:

Accepted Answer

A)  The Dow Jones Sustainability Index (DJSI) 
B)  The Australian SAM Sustainability Index (AuSSI) 
C)  The Global 100 Most Sustainable Corporations in the World 
D)  All are sustainability benchmarking indexes 
A)  The Dow Jones Sustainability Index (DJSI) 
B)  The Australian SAM Sustainability Index (AuSSI) 
C)  The Global 100 Most Sustainable Corporations in the World 
D)  All are sustainability benchmarking indexes

Question 18

Which of these types of costs is not a private cost to an entity?

Accepted Answer

A)  conventional costs 
B)  contingent costs 
C)  hidden costs 
D)  societal costs 
A)  conventional costs 
B)  contingent costs 
C)  hidden costs 
D)  societal costs

Question 19

Sustainability management accounting is essentially a one-way process that generates information about how the pursuit of sustainability impacts on the organisation.

Accepted Answer

A) True 
 B)False

Question 20

An issue for management accounting is how to integrate specific environmental or social management systems for financial regulation with the general management system of the entity.

Accepted Answer

A) True 
 B)False

Ethical behavior is required of every employee within an organisation.

The process of measuring, monitoring and simultaneously controlling the economic, environmental and social dimensions of an entity is known as:

The incorrect statement concerning incorporating sustainability into an organisation is:

The set of guideline it is compulsory for all Australian companies to follow when reporting on sustainability is the:

The statement concerning the ASX Corporate governance principles and recommendations that is not correct is:

Ethical behavior is an individual obligation, not an organisational obligation.

The fundamental reason for making an organisation sustainable is:

Carbon accounting can be interpreted as a vehicle for internalising previously ignored externalities.

Which of these environmental costs is the easiest to measure?

Currently, in many organizations, sustainability costs tend not to be treated as separate costs within the accounting system.

The process of implementing sustainability is:

The balanced scorecard is seen more as a strategy communication tool rather than a tool useful for sustainability performance evaluation.

Research has shown that if an organisation pursues sustainability, in the long-run this will lead to a drop in its profitability.

Progress on sustainability is most likely to be achieved by:

An organisation can reduce its carbon footprint by outsourcing some of its operations.

Which of these is not a core indicator of the Global Reporting Initiative's sustainability reporting framework?

The index for ranking companies on their sustainability practices is:

Which of these types of costs is not a private cost to an entity?

Sustainability management accounting is essentially a one-way process that generates information about how the pursuit of sustainability impacts on the organisation.

An issue for management accounting is how to integrate specific environmental or social management systems for financial regulation with the general management system of the entity.

The Role of Accounting Information in Management Decision Making

Cost Concepts, Behaviour and Estimation

A Costing Framework and Cost Allocation

Cost-Volume-Profit Cvp Analysis

Job Costing Systems

Process Costing Systems

Absorption, Variable and Throughput Costing

Activity Analysis: Costing and Management

Relevant Costs for Decision Making

Standard Costs, Flexible Budgets and Variance Analysis

Operational Budgets

Strategy and Control

Planning and Budgeting for Strategic Success

Capital Budgeting and Strategic Investment Decisions

The Strategic Management of Costs and Revenues

Strategic Management Control: a Lean Perspective

Responsibility Accounting, Performance Evaluation and Transfer Pricing

The Balanced Scorecard and Strategy Maps

Rewards, Incentives and Risk Management

Filters

Exam 20: Sustainability Management Accounting

Ethical behavior is required of every employee within an organisation.

The process of measuring, monitoring and simultaneously controlling the economic, environmental and social dimensions of an entity is known as:

The incorrect statement concerning incorporating sustainability into an organisation is:

The set of guideline it is compulsory for all Australian companies to follow when reporting on sustainability is the:

The statement concerning the ASX Corporate governance principles and recommendations that is not correct is:

Ethical behavior is an individual obligation, not an organisational obligation.

The fundamental reason for making an organisation sustainable is:

Carbon accounting can be interpreted as a vehicle for internalising previously ignored externalities.

Which of these environmental costs is the easiest to measure?

Currently, in many organizations, sustainability costs tend not to be treated as separate costs within the accounting system.

The process of implementing sustainability is:

The balanced scorecard is seen more as a strategy communication tool rather than a tool useful for sustainability performance evaluation.

Research has shown that if an organisation pursues sustainability, in the long-run this will lead to a drop in its profitability.

Progress on sustainability is most likely to be achieved by:

An organisation can reduce its carbon footprint by outsourcing some of its operations.

Which of these is not a core indicator of the Global Reporting Initiative's sustainability reporting framework?

The index for ranking companies on their sustainability practices is:

Which of these types of costs is not a private cost to an entity?

Sustainability management accounting is essentially a one-way process that generates information about how the pursuit of sustainability impacts on the organisation.

An issue for management accounting is how to integrate specific environmental or social management systems for financial regulation with the general management system of the entity.

The Role of Accounting Information in Management Decision Making

Cost Concepts, Behaviour and Estimation

A Costing Framework and Cost Allocation

Cost-Volume-Profit Cvp Analysis

Job Costing Systems

Process Costing Systems

Absorption, Variable and Throughput Costing

Activity Analysis: Costing and Management

Relevant Costs for Decision Making

Standard Costs, Flexible Budgets and Variance Analysis

Operational Budgets

Strategy and Control

Planning and Budgeting for Strategic Success

Capital Budgeting and Strategic Investment Decisions

The Strategic Management of Costs and Revenues

Strategic Management Control: a Lean Perspective

Responsibility Accounting, Performance Evaluation and Transfer Pricing

The Balanced Scorecard and Strategy Maps

Rewards, Incentives and Risk Management

Filters