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Financial versus non financial information
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Financial versus non financial information

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Questions and Answers

Which of the following best describes sustainability accounting?

  • A method for collecting data on greenhouse gas emissions
  • A system for tracking financial information only
  • A process for creating sustainability information for decision-making purposes (correct)
  • A method for measuring non-financial information only

    • What does sustainability information include?

  • Only qualitative non-financial information
  • Only non-financial information presented in monetary terms
  • Both financial and non-financial information (correct)
  • Only financial information presented in monetary terms

    • What is the difference between financial and non-financial information in sustainability accounting?

  • Financial information is based on an accounting standard, while non-financial information is not
  • Financial information is tracked internally, while non-financial information is tracked externally
  • Financial information is quantitative, while non-financial information is qualitative
  • Financial information is presented in monetary terms, while non-financial information is not (correct)

    • Which of the following is an example of non-financial information in sustainability accounting?

    <p>The reputation of the organization</p> Signup and view all the answers

    What is the purpose of sustainability accounting?

    <p>To create transparency and accountability</p> Signup and view all the answers

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