Accounting Theory and Practice

You work for a plantation company which is about to commence exploration in a remote area of the Sungai Lembing Forest. You have been asked to assist the plantation entity to manage its stakeholders to ensure the exploration permit is approved and there is no negative publicity associated with the operation. You are to identify the various stakeholders the plantation entity needs to consider and identify the issues each might be concerned with. In your answer you should identify whether these issues are potentially costs or benefits to the organisation. (**Please reflect your discussion with the stakeholder theory to understand accounting decisions and stakeholders impacts.)

(20 markah / marks)