In-Class Activity 2

Classify each of the following statements as true or false. In each case explain your answer.

1. Environmental Management Accounting is concerned solely with understanding the financial impact of sustainability-related issues.

2. In assessing performance a sustainability approach is concerned with outcomes within and beyond the boundaries of the organization.

3. An organisation's financial statements provide a comprehensive picture of its economic impact.

4. These days it is important for managers to take care of shareholders, customers and employees. Other stakeholders are not all that important.

5. An organization that uses a sustainability approach will have high costs and low profitability.

In-Class Activity 3

Surf Life Saving Australia (SLSA) is Australia's major water, drowning prevention and rescue organization. SLSA ains to created a safe environment at beaches around Australia through beach and water patrols and through education and training programs.

Required:

1. Identify five performance indicators that SLSA might use to reflect its social and economic goals.

2. Discuss any difficulties that SLSA might experience in gathering data to measure these indicators.

In-Class Activity 4

Describe how the capital expenditure evaluation process can take into account environmental impact or social impact.

In-Class Activity 5

Using the "3 E's" framework, outline how Value for Money could be measured for a large public hospital.

In-Class Activity 6

Provide some examples of the Balanced scorecard applied to a homeless charity (not-for-profit sector)