1. What is meant by sustainable management practices and what examples of such practices can be found in New Zealand?Provide examples of social and environmental costs that would be incurred by an organisation but which are unlikely to be identified in the management accounting reports. Explain at least two potential benefits for an organisation from pursuing sustainability.

1. Explain the characteristics of contingency theory of management accounting. What are some of the criticisms of contingency theory? Do you believe that contingency theory has made adequate contribution to management accounting? Explain in detail.