Topic 1-part 2.pdf

© 2015 McGraw-Hill Education Garrison, Noreen, Brewer, Cheng & Yuen In addition to the External, Internal, Leadership and Cultural Perspectives, the following four business management perspectives also go beyond the numbers to enable intelligent planning, control, and decision making: • An Ethics...

© 2015 McGraw-Hill Education Garrison, Noreen, Brewer, Cheng & Yuen In addition to the External, Internal, Leadership and Cultural Perspectives, the following four business management perspectives also go beyond the numbers to enable intelligent planning, control, and decision making: • An Ethics Perspective • A Corporate Governance Perspective • An Enterprise Risk Management Perspective • A Corporate Social Responsibility and Sustainability Perspective Managerial Accounting: Beyond the Numbers 13 © 2015 McGraw-Hill Education Maintain professional competence. Garrison, Noreen, Brewer, Cheng & Yuen Provide accurate, clear, concise, and timely decision support information. Competence Recognize and communicate professional limitations that preclude responsible judgment. Follow applicable laws, regulations and standards. An Ethics Perspective: IMA Guidelines for Ethical Behavior 15 © 2015 McGraw-Hill Education Refrain from conduct that would prejudice carrying out duties ethically. Garrison, Noreen, Brewer, Cheng & Yuen Abstain from activities that might discredit the profession. Integrity Mitigate conflicts of interest and advise others of potential conflicts. An Ethics Perspective: IMA Guidelines for Ethical Behavior 17 © 2015 McGraw-Hill Education Disclose delays or deficiencies in information timeliness, processing, or internal controls. Garrison, Noreen, Brewer, Cheng & Yuen Disclose all relevant information that could influence a user’s understanding of reports and recommendations. Credibility Communicate information fairly and objectively. An Ethics Perspective: IMA Guidelines for Ethical Behavior 18 © 2015 McGraw-Hill Education Garrison, Noreen, Brewer, Cheng & Yuen An Enterprise Risk Management Perspective 21 Suppliers Communities Stockholders Garrison, Noreen, Brewer, Cheng & Yuen CSR extends beyond legal compliance to include voluntary actions that satisfy stakeholder expectations. Employees © 2015 McGraw-Hill Education Customers 22 Environmental & Human Rights Advocates Corporate social responsibility (CSR) is a concept whereby organizations consider the needs of all stakeholders when making decisions. Corporate Social Responsibility & Sustainability Perspective