Briefly explain the concept of accountability, Accounting Standards

Assignment Help:

QUESTION

It is generally recognised that power is an essential component of accountability and that greater accountability is recognised towards those stakeholders who have more power

Required-

(a) Briefly explain the concept of accountability

(b) What are stakeholders? Identify four groups of stakeholders and discuss their potential interest in socially and environmentally related information

(c) By virtue of their power discuss how stakeholders can exert significant influence on an organization

(d) Companies are increasingly engaged with stakeholders in a positive and structured way to determine their needs. Effective stakeholder engagement is dependent on reliable information. Explain stakeholder engagement and describe its benefits and limitations


Related Discussions:- Briefly explain the concept of accountability

Determine the accounts payable days, SQB Corporation reports sales of $10,0...

SQB Corporation reports sales of $10,000,000 for Year 2, with a gross profit margin of 40%.  20% of SQB's sales are on credit.       Year 1 Year 2

Goodwill., Dear Sir, I am an accountant working in a company with limited ...

Dear Sir, I am an accountant working in a company with limited liability (WLL), one of the partners (A) will withdraw from our company. One of the existing partner (B) of the comp

Question, How long after payment will it take to get a response#question?

How long after payment will it take to get a response#question?

Chart of accounts in myob , To establish and implement an accounting system...

To establish and implement an accounting system  for  Trigon  Corporation, using MYOB accounting software. Needed: 1.  Make and print a  suitable chart of accounts in MYOB

Closing stock, The Opening Stock of goods is the stock of goods in hand at ...

The Opening Stock of goods is the stock of goods in hand at the start of an accounting year. It may contain stock of raw material, work-in-progress and finished goods. It appears i

Balance sheet, Balance sheet is related along with reporting the financial ...

Balance sheet is related along with reporting the financial position of an entity on a specific point in time. Such position is conveyed in terms of listing all the things of value

Difference between trading and profit and loss account, 1. Trading account ...

1. Trading account is prepared so as to calculate gross profit or loss, whereas the function of the profit and loss account is to disclose net profit or loss. 2. Trading account

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd