Question 1

'Management accounting cannot contribute to our understanding of sustainability issues in organisations.' To what extent do you agree or disagree with this statement?

Accepted Answer

The answer of 'Management accounting cannot contribute to our understanding...

Question 2

Which of the following statements is true?

Accepted Answer

A)  External costs are the direct costs impacting an organisation. 
B)  Sustainability activities can only be aligned to long-term financial performance. 
C)  External costs are immaterial in multi-national organisations. 
D)  Sustainability activities involve social and environmental factors.

Question 3

What are external failure costs? Please provide two examples of types of external failure costs.

Accepted Answer

The answer of What are external failure costs? Please provide...

Question 4

What external costs might BHP Billiton,a large Australian mining company,be concerned about?

Accepted Answer

The answer of What external costs might BHP Billiton,a large...

Question 5

A large part of sustainability accounting practices involves the measurement of:

Accepted Answer

A)  units produced. 
B)  units sold. 
C)  government policy. 
D)  resource consumption.

Question 6

Triple bottom line reporting most incorporates a consideration of:

Accepted Answer

A)  economic concerns. 
B)  social and environmental concerns. 
C)  only profit concerns. 
D)  economic,social and environmental concerns.

Question 7

Which of the following is an example of environmental performance in a triple bottom line report?

Accepted Answer

A)  Investments in green energy sources for manufacturing 
B)  Investments in community development 
C)  Sponsorship of local sports team 
D)  Revenue growth from prior year

Question 8

What are the four environmental cost types in organisations?

Accepted Answer

A)  Profit,revenues,costs,expenses 
B)  Variable and fixed costs,variable and fixed expenses 
C)  Prevention,appraisal,internal failure and external failure costs 
D)  Prevention,appraisal,variable and external failure costs

Question 9

If BHP Billiton is concerned about the cost of implementing technologies that minimise GHG emissions in the future,what type of environmental cost are they concerned with?

Accepted Answer

A)  Prevention costs 
B)  Appraisal costs 
C)  Internal failure costs 
D)  External failure costs

Question 10

Identify three value creation levers and discuss how sustainability initiatives might aid their attainment.

Accepted Answer

The answer of Identify three value creation levers and discuss...

Question 11

If BHP Billiton is concerned about the costs of monitoring existing levels of carbon emissions,what type of environmental cost are they concerned with?

Accepted Answer

A)  Prevention costs 
B)  Appraisal costs 
C)  Internal failure costs 
D)  External failure costs

Question 12

Explain how external costs might impact the management of Nike Inc. ,the world famous clothing brand,and how accounting systems might help better understand these challenges.

Accepted Answer

The answer of Explain how external costs might impact the...

Question 13

Consider the following five environmental costs and identify them as any one of the four environmental costs:
a.
R&D to develop lower GHG emission processes
b.
Fines for toxic spills into an adjoining river
c.
Injuries suffered by staff in the course of organisational operations
d.
Fatality in the workplace
e.
Thermometer installation costs to monitor the temperature in a factory,to ensure staff health

Accepted Answer

The answer of Consider the following five environmental costs and...

Question 14

How might the Epstein and Roy framework aid in the justification of sustainability investments?

Accepted Answer

The answer of How might the Epstein and Roy framework...

Question 15

How might the sustainability value chain perspective affect how the National Australia Bank (NAB)conducts its operations?

Accepted Answer

The answer of How might the sustainability value chain perspective...

Question 16

What are internal failure costs? How do they impact the organisation in the short and long term?

Accepted Answer

The answer of What are internal failure costs? How do...

Question 17

Which of the following stakeholders of an organisation are least likely to be directly impacted by its external costs?

Accepted Answer

A)  Environment 
B)  Society 
C)  Suppliers 
D)  Managers

Question 18

Identify two sustainability related KPIs and explain how they raise an organisation's understanding of its sustainability performance?

Accepted Answer

The answer of Identify two sustainability related KPIs and explain...

Question 19

If BHP Billiton is concerned about the medical costs for looking after employees with health concerns,they are concerned with:

Accepted Answer

A)  prevention costs. 
B)  appraisal costs. 
C)  internal failure costs. 
D)  external failure costs.

Question 20

If BHP Billiton is concerned about the cost of fines for excessive GHG emissions,what type of environmental cost are they concerned with?

Accepted Answer

A)  Prevention costs 
B)  Appraisal costs 
C)  Internal failure costs 
D)  External failure costs

Exam 15: Accounting for Sustainability Social Reporting,environmental Reporting and Management Accounting

'Management accounting cannot contribute to our understanding of sustainability issues in organisations.' To what extent do you agree or disagree with this statement?

Which of the following statements is true?

What are external failure costs? Please provide two examples of types of external failure costs.

What external costs might BHP Billiton,a large Australian mining company,be concerned about?

A large part of sustainability accounting practices involves the measurement of:

Triple bottom line reporting most incorporates a consideration of:

Which of the following is an example of environmental performance in a triple bottom line report?

What are the four environmental cost types in organisations?

If BHP Billiton is concerned about the cost of implementing technologies that minimise GHG emissions in the future,what type of environmental cost are they concerned with?

Identify three value creation levers and discuss how sustainability initiatives might aid their attainment.

If BHP Billiton is concerned about the costs of monitoring existing levels of carbon emissions,what type of environmental cost are they concerned with?

Explain how external costs might impact the management of Nike Inc. ,the world famous clothing brand,and how accounting systems might help better understand these challenges.

How might the Epstein and Roy framework aid in the justification of sustainability investments?

How might the sustainability value chain perspective affect how the National Australia Bank (NAB)conducts its operations?

What are internal failure costs? How do they impact the organisation in the short and long term?

Which of the following stakeholders of an organisation are least likely to be directly impacted by its external costs?

Identify two sustainability related KPIs and explain how they raise an organisation's understanding of its sustainability performance?

If BHP Billiton is concerned about the medical costs for looking after employees with health concerns,they are concerned with:

If BHP Billiton is concerned about the cost of fines for excessive GHG emissions,what type of environmental cost are they concerned with?