ACCY 314: Sustainability and Accountability Assignment Sample NZ

Sustainability and accountability are two important concepts that are often discussed in business circles. Many people believe that it is important for businesses to be environmentally responsible and to act ethically in order to be successful in the long run. However, there are many different opinions on what this actually means in practice.

In terms of sustainability, some businesses may choose to focus on initiatives such as reducing their carbon footprint or becoming more energy efficient. On the other hand, some companies may focus on increasing their recycling rates or reducing waste. Others may go even further and create initiatives that benefit not only themselves but also society as a whole such as creating jobs for people who are less fortunate than them. Regardless of which exact methods businesses choose to adopt, it is generally agreed upon that they should be acting in a sustainable way.

When it comes to accountability, businesses need to be able to demonstrate that they are living up to their promises. This means being transparent and open with their stakeholders about their successes, failures, and plans for the future. Often, businesses will create social responsibility reports in order to communicate with their stakeholders in a concise and easily-digestible way. This is an important part of being accountable, as it allows businesses to be held accountable by their stakeholders and to receive feedback on how they can improve.

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Get Individual Assignment Sample for (ACCY 314) Sustainability and Accountability Unit

Students who successfully complete this course will have the knowledge and skills needed to be professional writers. Here, we are describing some tasks. These are:

Assignment Task 1: Understand accounting in a socio-political context

The socio-political context of accounting refers to the impact of political and economic factors on the practice of accounting. In particular, political and economic factors can influence how accountants collect, record, and report financial information.

For example, a government may pass laws that require accountants to disclose certain financial information in order to help ensure transparency and accountability. Or, a country’s economic conditions may affect how businesses use accounting information to make decisions about investment, hiring, and other strategic decisions.

In short, the socio-political context of accounting refers to the ways in which politics and economics can impact the practice of accounting. It is important for accountants to be aware of these factors, as they can influence how financial information is reported.

Assignment Task 2: Analyze a variety of theoretical perspectives on the nature of accounting and its role(s) in society

There are a variety of different theoretical perspectives on the nature of accounting and its role(s) in society. Some of these perspectives include:

The positivist perspective: This perspective holds that accounting is an objective and value-free practice that can be used to measure financial performance and create reliable financial reports.

The critical perspective: This perspective argues that accounting is a tool that can be used to manipulate and control society. It sees accounting as serving the interests of businesses and elites rather than the public good.

The interpretive perspective: This perspective holds that accounting is a social practice that is shaped by the culture and context in which it occurs. It emphasizes the importance of understanding the meanings that accountants and other stakeholders attach to financial information.

Each of these perspectives has its own strengths and weaknesses, and it is important for students of accounting to be aware of all of them. By understanding different theoretical perspectives on accounting, students can develop a more nuanced understanding of the complex role that accounting plays in society.

Assignment Task 3: Set a normative framework for accounting within which to evaluate existing systems and address practical problems

A normative framework for accounting is a set of ethical principles that accountants can use to evaluate existing accounting systems and address practical problems. Some of the key normative principles that might be included in a normative framework for accounting include:

Accountability: Accountants should be accountable to their stakeholders, including clients, employees, shareholders, and the public.

Transparency: Accounting practices should be transparent and understandable, allowing stakeholders to make informed decisions.

Integrity: Decision-making within accounting firms should be guided by integrity and impartiality.

Accountants can use their ethical framework to guide judgment calls in complex situations. For example, if an accountant is deciding whether or not to include a particular item in a financial report, they can use their ethical framework to help them make a decision that is in the best interests of all stakeholders.

A normative framework for accounting provides a set of ethical principles that can help guide accountants in their work. By using a normative framework, accountants can ensure that they are making decisions that are responsible and ethical.

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