ACCT1046 Accounting in Organisations and Society

ACCT1046 Accounting in Organisations and Society

Question:

Q1. Define CSR in your business setting (2 marks)

This question and the following 3 questions require you to provide a report to stakeholders on the impact your business could potentially have on society and/or the environment. This will depend on the type of business you have selected. Remember to provide answers that are specifically related to your company.

Requirements:

  1. Provide a general definition of CSR from research
  2. Define CSR in your business setting

Q2. Environmental/resource impacts (2 marks)

Explain how does your business impact (negatively or positively or both) the environment. E.g. a particular manufacturing process may contribute negatively on the local water supply. E.g Cloud-based apps can save packaging

Then describe the potential CSR impacts actions that support or mitigate. (This means, if your business is bringing positive impact(s), what action(s) you will use to further enhance it/them or if your business is bringing negative impact(s), what action(s) you will use to reduce or mitigate it/them)

Q3. Community impact & engagement (2 marks)

Explain how does your business impact (negatively or positively or both) on community/communities? Then describe the potential CSR impacts actions that support or mitigate. (This means, if your business is bringing positive impact(s), what action(s) you will use to further enhance it/them or if your business is bringing negative impact(s), what action(s) you will use to reduce or mitigate it/them)

Q4. Internal stakeholders (2 marks)

Identify stakeholder(s) and explain how does your business impact (positively or negatively or both) the internal stakeholder(s).

Then describe the potential CSR impacts actions that support or mitigate. (This means, if your business is bringing positive impact(s), what action(s) you will use to further enhance it/them or if your business is bringing negative impact(s), what action(s) you will use to reduce or mitigate it/them)

Q5. Testing your research skill (2 marks)

Find an existing (real) competitor business (or 1 closely aligned to your business), review and comment on their approach to sustainability.

Q6. Describe how the success of your business idea will be measured (1 mark)

Provide a short general report to managers and stakeholders demonstrating how the financial and non-financial performance of your company and business idea will be measured. Make sure you state your core values (social, environmental and financial).

Q7. Performance Measure – Financial (1 mark)

  1. List 1 financial measure
  2. Explain why do you think it’s important to measure it.

Q8. Performance Measure – Non-financial 1 (2 marks)

  1. List 1 non-financial measure which is linked to the Sustainability Development Goals (SDGs) and is relevant to your business (make sure you search SDGs and use the reference source required in your reference list).
  2. Explain why do you think this measure is linked to the selected SDG.
  3. Explain why the measure is important to your business.

Q9. Performance Measure – Non-financial 2 (2 marks)

  1. List 1 non-financial measure which is linked to the Sustainability Development Goals (SDGs) and is relevant to your business (make sure you search SDGs and use the reference source required in your reference list).
  2. Explain why do you think this measure is linked to the selected SDG.
  3. Explain why the measure is important to your business.

Q10. Performance Measure – Non-financial 3 (2 marks)

  1. List 1 non-financial measure which is linked to the Sustainability Development Goals (SDGs) and is relevant to your business (make sure you search SDGs and use the reference source required in your reference list).
  2. Explain why do you think this measure is linked to the selected SDG.
  3. Explain why the measure is important to your business.
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