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

Accounting, Accounting Accounting has evolved and emerged within respo...

Accounting Accounting has evolved and emerged within response to the social & economic requirement of the society. The accounting procedure has its own syntax. The primary sys

Amount of stockholders'' equity, At the starting of the year, Hernandez Com...

At the starting of the year, Hernandez Company had total assets of $872,310 and total liabilities of $497,500. (a) If total assets enhanced $147,320 during the year and total li

Describe about adjunct account, Q. Describe about adjunct account? The ...

Q. Describe about adjunct account? The Transportation-In account files the inward freight costs of acquiring merchandise. Transportation-In is an adjunct account in that it is

Cash flow statement vs funds flow statement, Cash Flow Statement Vs Funds F...

Cash Flow Statement Vs Funds Flow Statement:   together the Cash Flow Statement and Funds Flow Statement give approximately comparable picture of the firm. They don't be different

What is the original annual mortgage payment, You just took out a variable-...

You just took out a variable-rate mortgage on your new home. The mortgage value is $100,000, the term is 30 years, and initially the interest rate is 8%. The interest rate is fixed

Consistency in accounting principle, Q. Consistency in accounting principle...

Q. Consistency in accounting principle? Consistency necessitates that a company use the same accounting principles and reporting practices through time. Consistency makes possi

Explain about purchase discounts, Q. Explain about Purchase discounts? ...

Q. Explain about Purchase discounts? Purchase discounts frequently companies purchase merchandise under credit terms that permit them to deduct a stated cash discount if they p

What do you mean by work sheet, Q. What do you mean by work sheet? The ...

Q. What do you mean by work sheet? The work sheet is a columnar sheet of a computer spreadsheet or a paper on which accountants summarize information needed to make the adjusti

Explain about accounting period, Q. Explain about Accounting period? As...

Q. Explain about Accounting period? As those interested in the activities of business need timely information companies must prepare financial statements periodically. To organ

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