Concept of accountability, Accounting Basics

Assignment Help:

Problem

It is usually recognized that power is an essential component of accountability and that greater accountability is recognized towards those stakeholders who have more power.

Required:

(a) Briefly describe the concept of accountability

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

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

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


Related Discussions:- Concept of accountability

Final accounts, stpes to be taken prepaing for final accounts

stpes to be taken prepaing for final accounts

Cash flow analysis, Cash  Flow Analysis:   As per the Institute of Cost...

Cash  Flow Analysis:   As per the Institute of Cost and Works Accountants of India (AICWAI), a Cash Flow Statement is a declaration setting out the flow of cash under different

General rationale financial statements, General rationale financial stateme...

General rationale financial statements provide much of the information needed by external users of financial accounting. These financial statements are official reports providing i

What is prepaid rent explain with example, Q. What is Prepaid rent explain ...

Q. What is Prepaid rent explain with example? Prepaid rent Prepaid rent is another instance of the gradual consumption of a previously recorded asset. Suppose a company pays re

The beginning capital of the business totals $4, The beginning capital of t...

The beginning capital of the business totals $4,000. If the net income for the period totals $14,000 and the withdrawals by the owner total $3,000, what will be the new capital b

What is posting reference column, Q. What is Posting reference column? ...

Q. What is Posting reference column? This column demonstrates the account number of the debited or credited account. For example in Exhibit 8 the number 100 in the first entry

Homework, #quest1. Use the general journal to journalize the following tran...

#quest1. Use the general journal to journalize the following transactions completed during July of the current year. 2. Post from the general journal to the general ledger. Using

Accounting, i have to make a journal and ledger and retained earning all of...

i have to make a journal and ledger and retained earning all of those thing can i get help

Help with paper on basic transaction processing, help with paper on basic t...

help with paper on basic transaction processing fr Richard Simmons

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