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In recent years directors and CEOs of companies have been placing more importance on holistic reporting of company activities rather than simply reporting what is required by the Accounting Standards, the Corporations Act and other legislation.
The Global Reporting Initiative is an international not-for-profit organisation that has pioneered and developed the world's most widely used voluntary Sustainability Reporting Framework. (https://www.asx.com.au/documents/public-consultations/global-reporting-initiative-and-sba-submission-15Nov13.pdf)
In 2013 the fourth iteration of the Sustainability Reporting Framework guidelines were released. These can be accessed via the link below.https://www.globalreporting.org/resourcelibrary/GRIG4-Part1-Reporting-Principles-and-Standard-Disclosures.pdf
Required Referring specifically to section 5.1 and 5.2 of the above report, analyse how applying these voluntary guidelines might alter the information presented in the Flight Centre 2013 Annual report. Apply section 5.1 and 5.2 to triple bottom line reporting and balance score card under sustainability report.
Prepare the appropriate journal entries on January 1 for the issuance of the bonds and on December 31 for the first interest payment assuming straight-line amortization.
during february 2010 its first month of operations the owner of schwenn enterprises invested cash of 25000. schwenn had
The cost of material that is not completely processed, would be found in which of the following inventory account on the Balance Sheet?
Kent Co. includes one coupon in each bag of dog food it sells. In return for eight coupons, customers receive a leash. The leashes cost Kent $2.00 each. Kent estimates that 40 percent of the coupons will be redeemed. Data for 2006 and 2007 are as ..
the three stooges partnership is considering three long-termcapital investment proposals. each investment has a useful
A master budget is a detailed and comprehensive analysis of organizations long- and short-term goals. 1. Identify the major inputs to the master budget and the usefulness of each.
Write down a forecast of Macy's income before taxes if Macy's selling efforts generates the products sales below instead of the ones shown in the table above (all other factors remain unaffected).
Prepare journal entries to record, Jan. 10 sold 102,000 shares of commone stock for $8 cash per share. Jan 15 Exchanged 10,000 shares of common stock for equipment with a market value of $80,000. Feb. 1 Exchanged 500 shares of common stock for $3,..
John Roberts is 60 years old and has been asked to accept an early retirement from his company. The company has offered John three alternative compensation packages to induce John to retire.
the results of operations for the preston manufacturing company for the fourth quarter of 2014 were as followssales
Assuming sales volume is expected to be the same in the upcoming year as it was in the past year, give three separate options the company could implement in order to achieve their target profit in the upcoming year.
ED Products Corp. chooses to process the butter further into spreadable butter by mixing it with canola oil, incurring an additional cost of $1.60 per pound. This process results in two tubs of spreadable butter for each pound of butter processed...
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