The European Commission has issued a Directive on Non Financial reporting (2014 95 EU) with the introduction of rules on the disclosure of non financial and diversity information Choose the correct statement(s) regarding the Directive on Non Financial reporting (2014 95 EU) a Before the issuance of this Directive, Accounting Directive, 2013 34 EU, provided solid focus on non financial reporting b The Sustainability Accounting Standards Board ( SASB) provides additional standards that are to be used under the Directive on Non Financial reporting (2014 95 EU) c Organisations in Europe who have to follow the Directive on Non Financial reporting (2014 95 EU) are required to address all SDGs in their reports d Before the adoption of this directive, there was very little focus on the disclosure of non financial inform ation 2 T he fraud triangle consists of a The intellectual capability to commit fraudulent act b A p re ssure or motive to commit the fraudulent act c A perc eived opportunity for a fraudulent act d All of the above 3 Pressure to committee a fraudulent act can be a Personal financial losses, b Living beyond one's means c Frustration with work d A challenge to beat the system a All of the above 4 Directive on Non Financial reporting (2014 95 EU) with the introduction of rules on the disclosure of non financial and diversity information requires the following disclosures a Activities relating to e nvironmental, social and employee matters b Scope 3 Carbon Accounting c Respect for h uma n rights d Investments in impact funds 5 If a company uses the direc t write off method of accounting for bad debts a It is applying the matching principle b It will record bad debt expense only when an account is determined to be uncollectible c It will reduce the accounts receivable account at the end of the accounting period for estimated uncollectible accounts d It will report accounts receivable in the balance sheet at their net realizable value

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The European Commission has issued a Directive on Non - Financial reporting (2014/95/EU) with the introduction of rules on the disclosure of non - financial

The European Commission has issued a Directive on Non - Financial reporting (2014/95/EU) with the introduction of rules on the disclosure of non - financial and diversity information

. Choose the correct statement(s) regarding the

Directive on Non - Financial reporting (2014/95/EU).

a. Before the issuance of this Directive,

Accounting Directive, 2013/34/EU, provided solid focus on non - financial reporting

b. The

Sustainability Accounting Standards Board (

SASB) provides additional standards that are to be used under the

Directive on Non - Financial reporting (2014/95/EU)

c. Organisations in Europe who have to follow the

Directive on Non - Financial reporting (2014/95/EU) are required to address all SDGs in their reports

Before the adoption of this directive, there was very little focus on the disclosure of non - financial inform ation

2. T

he fraud triangle consists of:

The intellectual capability to commit fraudulent act

A p re ssure or motive to commit the fraudulent act

A perc eived opportunity for a fraudulent act

All of the above

3. Pressure to committee a fraudulent act can be:

Personal financial losses,

Living beyond one's means

c. Frustration with work

d. A challenge to beat the system

a. All of the above

4. Directive on Non - Financial reporting (2014/95/EU) with the introduction of rules on the disclosure of non - financial and diversity information requires the following disclosures:

Activities relating to e nvironmental, social and employee matters

Scope 3 Carbon Accounting

Respect for h uma n rights

Investments in impact funds

5. If a company uses the direc t write - off method of accounting for bad debts

It is applying the matching principle.

It will record bad debt expense only when an account is determined to be uncollectible.

It will reduce the accounts receivable account at the end of the accounting period for estimated uncollectible accounts.

It will report accounts receivable in the balance sheet at their net realizable value.