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According to Martin and Steele, "The two principal professional associations in Australia - CPA Australia (the CPA) and the Institute of Chartered Accountants in Australia (the Institute) have shown their awareness of the significance of issues of sustainability reporting and development of appropriate skill sets in word and indeed. The commitment of both organisations to sustainability principles has been shown by their adoption of, and support for, sustainability-focused reporting approaches and by their opting to take up membership of the Accounting for Sustainability Forum".
Martin A and Steele F (2010) Sustainability in Key Professions: Accounting. A report prepared by the Australian Research Institute in Education for Sustainability for the Australian Government Department of the Environment, Water, Heritage and the Arts.
In a two-part essay:
a. Consider the above. Show the stance and initiatives of the Australian accounting profession on corporate social responsibility (CSR) and sustainability. Add your views on the role of accounting and the accountant on CSR and sustainability.
b. Show the way in which AGLhas demonstrated its social and environmental accountability in the last two years.
A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.
Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.
Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.
What is the profitability of Unfocused Books' three departments and what recommendations would you make to the owners?
This individual assignment is based on the TerraCycle Inc.
Prepare a master budget for the three-month period.
Calculate the GDP in Income Approach and Expenditure Approach
Evaluate the Predetermined Overhead Rate
Prepare Company financial statements
Mistry Company manufactures a line of electric garden tools that are sold in general hardware stores.
Complete the schedule to compute the pool rates for the different activities.
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