Question 1: How does Ethical reasoning affect both professional judgment and individual judgment and behavior in the accounting context?                                                                               Question 2:   Sustainability requires a rethinking of, economic systems and business models. Discuss and provide an example for both an economic system and business model. Question 3: Discuss the concepts of accountability, legitimacy and sustainability and the links between these concepts. How do these concepts affect the way accountability relationships are formed and the concept of stakeholders? Question 4: Sustainability standards and frameworks are diverse, political and serve different purposes, Discuss. How do these standards and reports prioritize certain stakeholders and interest groups while neglecting others?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Question 1:

How does Ethical reasoning affect both professional judgment and individual judgment and behavior in the accounting context?                                                                              

Question 2:

 

Sustainability requires a rethinking of, economic systems and business models. Discuss and provide an example for both an economic system and business model.

Question 3:

Discuss the concepts of accountability, legitimacy and sustainability and the links between these concepts.

How do these concepts affect the way accountability relationships are formed and the concept of stakeholders?

Question 4:

Sustainability standards and frameworks are diverse, political and serve different purposes, Discuss.

How do these standards and reports prioritize certain stakeholders and interest groups while neglecting others?

Question 5:

Discuss the critical role of external accounting in enhancing accountability relationships.

How can these external accounts highlight the social and/or economic impacts of the organisation that might not have been included in the organization’s own disclosures?

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