b) IAS 32 makes it clear that the following items are not financial instruments.i. Physical assets, eg inventories, property, plant and equipment, leased assets and intangible assets (patents, trademarks etc)Page 7 of 7ii. Prepaid expenses, deferred revenue and most warranty obligationsiii. Liabilities or assets that are not contractual in nature (Deferred revenue, warranty obligationsRequiredWrite a Memo to your CEO, Mr Francis Tagoe explaining with reasons why the items listed above do not qualify as financial instruments. c) Your managing director, Mr Nicholas Adoboe-Mensah is not convinced why your company should give something back to the society, Explain with examples to him in a form of a memo the links between corporate performance, and corporate social responsibility.d) Global Reporting Initiatives structures key performance indicators according to a hierarchy category, aspect and indicator. Indicators are grouped in terms of the three dimensions of the conventional definition of sustainability – economic, environment, and social.RequiredWrite a memo to your Chief Executive officer Mr Baba Ahmed explaining to him the meaning of Global Reporting Initiatives and state two examples each of the aspect of each of the dimensions.
b) IAS 32 makes it clear that the following items are not financial instruments.
i. Physical assets, eg inventories, property, plant and equipment, leased assets and intangible assets (patents, trademarks etc)
Page 7 of 7
ii. Prepaid expenses, deferred revenue and most warranty obligations
iii. Liabilities or assets that are not contractual in nature (Deferred revenue, warranty obligations
Required
Write a Memo to your CEO, Mr Francis Tagoe explaining with reasons why the items listed above do not qualify as financial instruments.
c) Your managing director, Mr Nicholas Adoboe-Mensah is not convinced why your company should give something back to the society, Explain with examples to him in a form of a memo the links between corporate performance, and corporate social responsibility.
d) Global Reporting Initiatives structures key performance indicators according to a hierarchy category, aspect and indicator. Indicators are grouped in terms of the three dimensions of the conventional definition of sustainability – economic, environment, and social.
Required
Write a memo to your Chief Executive officer Mr Baba Ahmed explaining to him the meaning of Global Reporting Initiatives and state two examples each of the aspect of each of the dimensions.
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