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Sustainability Accounting Standards Boards (SASB):
The SASB is US Corporation; the goal of this organization is to maintain sustainability accounting standards. It is a nonprofit organization that provides companies to maintain sustainability in the company.
Principles:
The Principles are the set of rules and regulation that made by a group of person of the society, and those principles have to follow by each member of the society. In accounting also some principles are made and it has to follow.
Social aspect:
The society is made with a common goal and aspects. The aspects differ from one society to another, but some common aspects are always same for all the members of the society.
Company sustainability:
The company sustainability is that the director and the employees of the company will use the resources (renewable as well as non renewable) in a sustainable manner.
Sustainability Accounting Standards Boards (SASB) conceptual framework:
SASB issues the conceptual framework for their members that contain definitions, aspects, principles, standards, and other important aspects, So that the member easily understand the concepts and implement this correctly.
Environmental aspects:
Environment involves everything in our surroundings. The company should use natural resources in an optimum manner, means full and effective utilization of resources is to be done.
Sustainability standards:
The companies have to follow some sustainability standards, they are basically voluntary in nature, but if the company uses this standard, then they get a positive response from the society. These standards are for the benefit of environment, society and other sectors.
KLD 400Social (DSI) index:
It is a stock index of 400 public companies. These companies have to follow certain social and environmental aspects. The companies related to gambling, alcohol, military weapons, and others are excluded from this list.
To identify: The term or phrase that matches the given description.
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Chapter 1 Solutions
Financial and Managerial Accounting
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- During 2018, the band Maroon 5 is touring across the U.S. on its "Red Pill Blues Tour 2018." Two of those concerts, on October 14 and 15, will be held at Madison Square Garden in New York City. Madison Square Garden has a seating capacity for concerts of approximately 19,000. According to a Business Insider article in December 2016, Maroon 5 had an average concert ticket price of $165.Assume that these two Madison Square Garden concerts were sold out on the first day the tickets were available for sale to the public, November 4, 2017. Also assume, for the sake of simplicity, that all tickets are sold directly by Maroon5.Question:How will Maroon 5's balance sheet and income statement be impacted by the sale of the Madison Square Garden tickets on November 4, 2017 and what specific accounts will be impacted and will it be increased or decreased?arrow_forwardAnalysts are projecting that Capital Railways will have earnings per share of $4.20. If the average industry P/E ratio is 22, what is the current price of Capital Railways?arrow_forward???!arrow_forward
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