Principles of Accounting Volume 2
19th Edition
ISBN: 9781947172609
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
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Chapter 13, Problem 10MC
Which of the following best defines stakeholders?
A. investors and lenders
B. environmental groups
C. anyone directly or indirectly affected by the organization
D. groups or individuals financially impacted by the organization
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Chapter 13 Solutions
Principles of Accounting Volume 2
Ch. 13 - Which agreement did 196 nations adopt in December...Ch. 13 - The 2015 Paris Agreement on Climate Change aimed...Ch. 13 - Good corporate citizenship ________. A. Is...Ch. 13 - According to the World Commission on Environment...Ch. 13 - Sustainability reporting can incorporate which of...Ch. 13 - What caused Union Carbides deadly gas leak in...Ch. 13 - Nestlés reputation was damaged when the company...Ch. 13 - Which form of energy is renewable? A. solar B. oil...Ch. 13 - Which of the following types of reporting does the...Ch. 13 - Which of the following best defines stakeholders?...
Ch. 13 - Which of the following statements is most often...Ch. 13 - Which standards are considered universal under the...Ch. 13 - The SASB view on materiality has been adapted from...Ch. 13 - The fundamental tenets of SASBs Approach are...Ch. 13 - How many broad categories of capital are...Ch. 13 - What is sustainability and how might corporations...Ch. 13 - What is the value of triple bottom line reporting...Ch. 13 - What type of information do you think an oil...Ch. 13 - Identify four different stakeholders In need of...Ch. 13 - How might a business interact with each of the...Ch. 13 - Contrast the investment risk potentials of an...Ch. 13 - There are currently no formal mandatory...Ch. 13 - Explain the role and purpose of the Global...Ch. 13 - Explain the role and purpose of the Sustainability...Ch. 13 - Explain the role and purpose of the Integrated...
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- Which standards are considered universal under the GRI? A. economic, environmental, social B. foundation, general disclosures, management approach C. foundation, economic, general disclosures D. management approach, economic, socialarrow_forwardStakeholders include any one who has financial interest stake or claim in an organization and or what it does. Select one: True Falsearrow_forwardDefine Legacy. Explain its treatment while preparing financial statements of a “Not– for –profit Organisation”.arrow_forward
- Please outline key financial controls for an NGO and why they are importantarrow_forwardHow would an investor communicate to clients their ethical and professional standards when managing the client's assets?arrow_forwardThe existence of significant influence by an investor is usually evidenced in one or more of the following ways, except: Representation on the board of directors or equivalent governing body of the investee Participation in the policy-making process The power to govern with financial and operational policies of the entity Provision of essential technical informationarrow_forward
- Describe the Enterprise Fund's disclosure requirements. Describe how the inclusion of this information benefits the end consumer of financial statements.arrow_forwardAssess your organization's financial strategy's goals for financial management and the involvement of various stakeholders.arrow_forwardThe Conceptual Framework The IASB's Framework for the preparation and presentation of financial statements, sets out the concepts that underlie the preparation and presentation of financial statements that external users are likely to rely on when making economic decisions about an entity. In addition the Framework sets out the recognition criteria for assets and liabilities, which is of particular importance. Required: a. Explain the purpose of the Framework b. Define assets and liabilities and explain the important aspects of their definitions. Explain why these definitions are of particular importance for the preparation of an entity's statement of financial position and income statement.arrow_forward
- what are the reasons financial accounting standards inspire or encourage political action and involvement dring the standard-setting process?arrow_forwardDefine the term stakeholders. Identify two stakeholder groups, and explain how each group might use the information contained in the financial statements.arrow_forwardA governmental agency can best be described by which of the following statements? A. has a primary purpose of making a profit B. has a primary purpose of using taxpayer funds to provide services C. produces goods for sale to the public D. has regular shareholder meetingsarrow_forward
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