Accounting for Environmental Responsibility

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Questions and Answers

Which of the following is a major contributor to global warming?

  • Optimising economic performance
  • Human activity (correct)
  • Natural disasters
  • Extreme climatic conditions

What is the purpose of accounting in organizations?

  • To optimize economic performance (correct)
  • To examine cost of goods and services
  • To communicate with stakeholders
  • To plan and control activities

Which type of accounting technique helps in communicating economic performance to stakeholders?

  • Optimizing economic performance
  • Activity Based Costing
  • Management accounting
  • Financial accounting (correct)

What do management accounting techniques help managers do?

<p>Control activities (C)</p> Signup and view all the answers

What does Activity Based Costing (ABC) examine?

<p>Cost of goods and services (D)</p> Signup and view all the answers

Which of the following best describes the Balanced Scorecard (BSC)?

<p>A tool that recognizes the importance of financial performance and also considers other drivers of future financial performance (C)</p> Signup and view all the answers

What is the role of sustainability accounting in organizations?

<p>To plan and control an organization's social and environmental impacts (A)</p> Signup and view all the answers

What must an accounting system include to address environmental impacts?

<p>Description of events such as greenhouse gas emissions (B)</p> Signup and view all the answers

Who should be included in the user set of an accounting system?

<p>A broader set of affected stakeholders and future generations (B)</p> Signup and view all the answers

What are the techniques used in sustainability accounting?

<p>Techniques to measure social and environmental impacts (C)</p> Signup and view all the answers

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