Question 1

Research has found that ethical considerations are reported by what percentage of respondents as a reason for increasing their corporate social reporting?

Accepted Answer

A)  21% 
B)  36% 
C)  53% 
D)  62% 
A)  21% 
B)  36% 
C)  53% 
D)  62%

Question 2

There is a view amongst certain ethical investors that the voluntary nature of sustainability disclosure can increase reporting bias.

Accepted Answer

A) True 
 B)False

Question 3

Under activity based costing, as it is currently practiced, sustainability costs are generally grouped into the one cost pool.

Accepted Answer

A) True 
 B)False

Question 4

To best highlight sustainable costs and benefits sustainability costs should be:

Accepted Answer

A)  allocated to their own cost pools 
B)  treated as period costs 
C)  traced directly to cost objects 
D)  a and c 
A)  allocated to their own cost pools 
B)  treated as period costs 
C)  traced directly to cost objects 
D)  a and c

Question 5

When is the most appropriate time to identify ethical problems in organisations?

Accepted Answer

A)  When they are discovered by legal authorities 
B)  As they arise 
C)  After they arise 
D)  When they are discovered by shareholders 
A)  When they are discovered by legal authorities 
B)  As they arise 
C)  After they arise 
D)  When they are discovered by shareholders

Question 6

The environmental or sustainable accounting package includes:

Accepted Answer

A)  financial accounting 
B)  auditing and assurance services 
C)  management accounting techniques 
D)  all of the above 
A)  financial accounting 
B)  auditing and assurance services 
C)  management accounting techniques 
D)  all of the above

Question 7

Costs that an entity imposes upon others as a result of its operations but which the entity typically ignores, are called:

Accepted Answer

A)  societal costs 
B)  contingent costs 
C)  externalities 
D)  a and c 
A)  societal costs 
B)  contingent costs 
C)  externalities 
D)  a and c

Question 8

Which of these is a behavioural issue as opposed to a technical issue when implementing sustainability change processes within an organisation?

Accepted Answer

A)  Arriving at suitable objectives in line with sustainability strategies 
B)  Identifying suitable social and environmental measures for performance evaluation 
C)  Creating ownership of projects by participants 
D)  All are behavioural issues 
A)  Arriving at suitable objectives in line with sustainability strategies 
B)  Identifying suitable social and environmental measures for performance evaluation 
C)  Creating ownership of projects by participants 
D)  All are behavioural issues

Question 9

Which of these will tend not to support performance and sustainability business governance?

Accepted Answer

A)  aligning the key drivers of sustainability with information reported externally 
B)  tailoring information on sustainability to the industry and organisation 
C)  having a CEO who is dominant over the board 
D)  balancing the need for investor's returns with the wider needs of society 
A)  aligning the key drivers of sustainability with information reported externally 
B)  tailoring information on sustainability to the industry and organisation 
C)  having a CEO who is dominant over the board 
D)  balancing the need for investor's returns with the wider needs of society

Question 10

Rewards for ethical behavior can include I Integrity
II Reputation
III Higher profits

Accepted Answer

A)  I, II, and III 
B)  I and III only 
C)  I and II only 
D)  II only 
A)  I, II, and III 
B)  I and III only 
C)  I and II only 
D)  II only

Question 11

For a sustainability culture and related practices to develop within an organisation sustainability management strategies should be aligned with sustainability management accounting systems.

Accepted Answer

A) True 
 B)False

Question 12

A management accounting tool that can be used to achieve sustainability is:

Accepted Answer

A)  value chain analysis 
B)  capital budgeting 
C)  life cycle analysis 
D)  all are management accounting tools that can be used to achieve sustainability 
A)  value chain analysis 
B)  capital budgeting 
C)  life cycle analysis 
D)  all are management accounting tools that can be used to achieve sustainability

Question 13

Risk that emerges in the form of a breakdown in internal processes is known as:

Accepted Answer

A)  competitive risk 
B)  operational risk 
C)  reputation risk 
D)  asset impairment risk 
A)  competitive risk 
B)  operational risk 
C)  reputation risk 
D)  asset impairment risk

Question 14

A principle of sustainable operations is 'what goes in must come out'. The input that doesn't match its output is:

Accepted Answer

A)  External produced electricity from coal fired power stations - municipal waste 
B)  Oranges in a juice factory - orange peel that is turned into stock feed 
C)  Packaging - recyclable waste 
D)  Gold production - arsenic and heavy metals 
A)  External produced electricity from coal fired power stations - municipal waste 
B)  Oranges in a juice factory - orange peel that is turned into stock feed 
C)  Packaging - recyclable waste 
D)  Gold production - arsenic and heavy metals

Question 15

The issue that cannot be related to sustainability is:

Accepted Answer

A)  customer privacy 
B)  packaging 
C)  bribery and kickbacks 
D)  none of the above, i.e. all can be related to sustainability 
A)  customer privacy 
B)  packaging 
C)  bribery and kickbacks 
D)  none of the above, i.e. all can be related to sustainability

Question 16

Employees will always make ethical decisions if they act in the best interests of their shareholders.

Accepted Answer

A) True 
 B)False

Question 17

Life cycle analysis ends with the sale of the product.

Accepted Answer

A) True 
 B)False

Question 18

The most effective way for an entity to take into account the external environmental and the sustainability costs of its activities is:

Accepted Answer

A)  for the government to issue fines and penalties for breaches 
B)  to follow guidelines provided by external parties 
C)  by voluntary disclosure 
D)  for the entity to internalise the external costs 
A)  for the government to issue fines and penalties for breaches 
B)  to follow guidelines provided by external parties 
C)  by voluntary disclosure 
D)  for the entity to internalise the external costs

Question 19

Indexes like the Global Reporting Index are not important for management accountants but are only used by financial accountants for external financial reporting.

Accepted Answer

A) True 
 B)False

Question 20

The way that the balanced scorecard should be adapted as a tool for monitoring sustainability which is generally considered to be the most useful approach, is:

Accepted Answer

A)  Integrating environmental and social aspects into the four standard perspectives 
B)  Adding an additional sustainability perspective 
C)  Developing a separate, individually derived, sustainability scorecard in conjunction with the existing scorecard 
D)  There is no opinion as to which is the best option 
A)  Integrating environmental and social aspects into the four standard perspectives 
B)  Adding an additional sustainability perspective 
C)  Developing a separate, individually derived, sustainability scorecard in conjunction with the existing scorecard 
D)  There is no opinion as to which is the best option

Research has found that ethical considerations are reported by what percentage of respondents as a reason for increasing their corporate social reporting?

There is a view amongst certain ethical investors that the voluntary nature of sustainability disclosure can increase reporting bias.

Under activity based costing, as it is currently practiced, sustainability costs are generally grouped into the one cost pool.

To best highlight sustainable costs and benefits sustainability costs should be:

When is the most appropriate time to identify ethical problems in organisations?

The environmental or sustainable accounting package includes:

Costs that an entity imposes upon others as a result of its operations but which the entity typically ignores, are called:

Which of these is a behavioural issue as opposed to a technical issue when implementing sustainability change processes within an organisation?

Which of these will tend not to support performance and sustainability business governance?

Rewards for ethical behavior can include I Integrity II Reputation III Higher profits

For a sustainability culture and related practices to develop within an organisation sustainability management strategies should be aligned with sustainability management accounting systems.

A management accounting tool that can be used to achieve sustainability is:

Risk that emerges in the form of a breakdown in internal processes is known as:

A principle of sustainable operations is 'what goes in must come out'. The input that doesn't match its output is:

The issue that cannot be related to sustainability is:

Employees will always make ethical decisions if they act in the best interests of their shareholders.

Life cycle analysis ends with the sale of the product.

The most effective way for an entity to take into account the external environmental and the sustainability costs of its activities is:

Indexes like the Global Reporting Index are not important for management accountants but are only used by financial accountants for external financial reporting.

The way that the balanced scorecard should be adapted as a tool for monitoring sustainability which is generally considered to be the most useful approach, is:

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

Research has found that ethical considerations are reported by what percentage of respondents as a reason for increasing their corporate social reporting?

There is a view amongst certain ethical investors that the voluntary nature of sustainability disclosure can increase reporting bias.

Under activity based costing, as it is currently practiced, sustainability costs are generally grouped into the one cost pool.

To best highlight sustainable costs and benefits sustainability costs should be:

When is the most appropriate time to identify ethical problems in organisations?

The environmental or sustainable accounting package includes:

Costs that an entity imposes upon others as a result of its operations but which the entity typically ignores, are called:

Which of these is a behavioural issue as opposed to a technical issue when implementing sustainability change processes within an organisation?

Which of these will tend not to support performance and sustainability business governance?

Rewards for ethical behavior can include I Integrity II Reputation III Higher profits

For a sustainability culture and related practices to develop within an organisation sustainability management strategies should be aligned with sustainability management accounting systems.

A management accounting tool that can be used to achieve sustainability is:

Risk that emerges in the form of a breakdown in internal processes is known as:

A principle of sustainable operations is 'what goes in must come out'. The input that doesn't match its output is:

The issue that cannot be related to sustainability is:

Employees will always make ethical decisions if they act in the best interests of their shareholders.

Life cycle analysis ends with the sale of the product.

The most effective way for an entity to take into account the external environmental and the sustainability costs of its activities is:

Indexes like the Global Reporting Index are not important for management accountants but are only used by financial accountants for external financial reporting.

The way that the balanced scorecard should be adapted as a tool for monitoring sustainability which is generally considered to be the most useful approach, is:

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