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Question 1 What are some of the motivations that might drive corporate managers to voluntarily disclose social and environmental performance information? Question 2 There are
Question 1 What are some of the motivations that might drive corporate managers to voluntarily disclose social and environmental performance information? Question 2 There are a number of reasons why the practice of financial accounting tends to ignore the social and environmental impacts caused by organisations. In this regard, explain: 1. how and why the way we define assets and expenses tends to exclude the recognition of social and environmental impacts; 2. why the 'entity principle' is inconsistent with the principle of sustainable development; 3. why the recognition criteria for the elements of accounting can lead to organisations not recognising environment-related obligations and associated costs; 4. why periodic (12-month) reporting can act to discourage a business organisation from taking a longer-term view of its operations
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