INTERMEDIATE ACCOUNTING
5th Edition
ISBN: 9781307352320
Author: Doupnik
Publisher: MCG
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Textbook Question
Chapter 12, Problem 1EP
Nestlé is the world’s largest food producer and is headquartered in Switzerland. Its 2017 sustainability report is available at https://www.nestle.com/csv/downloads. Use the report to answer the following questions. Make sure to link to the report’s GRI index for a full explanation of the disclosures.
Required:
- a. What sustainability issues are disclosed as most material to stakeholders? To Nestlé? Is there a general alignment between the two sets of materiality rankings?
- b. How does the report’s information contribute to your understanding of the material issues that you identified above?
- c. Which company provided external assurance services to Nestlé?
- d. The external assurance of Nestlé’s sustainability report was more comprehensive than is the norm, especially given that many of the issues that the report addresses are global in scope. Identify highly material disclosures that were not externally assured. Why do you think that these were excluded from the assurance report’s scope?
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Chapter 12 Solutions
INTERMEDIATE ACCOUNTING
Ch. 12 - What is sustainability reporting?Ch. 12 - Prob. 2QCh. 12 - What is the Global Reporting Initiative (GRI)?Ch. 12 - Prob. 4QCh. 12 - Prob. 5QCh. 12 - Prob. 6QCh. 12 - Prob. 7QCh. 12 - Prob. 8QCh. 12 - What is the primary difference between the GRI and...Ch. 12 - Prob. 10Q
Ch. 12 - Prob. 11QCh. 12 - Prob. 12QCh. 12 - What industry dominates the list of the worlds...Ch. 12 - Prob. 14QCh. 12 - Nestl is the worlds largest food producer and is...Ch. 12 - Prob. 5EPCh. 12 - Garner Pharmaceuticals is a U.S. drug company that...Ch. 12 - Clarion Bank and Trust (CBT) is a local bank based...Ch. 12 - Prob. 8EPCh. 12 - Carbon accounting standards allow companies to use...
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