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Applied Business Research Assignment Solution

   

Added on  2021-06-16

7 Pages1766 Words33 Views
Applied Business Research: Application ofAccounting and Economic Research towardsSustainability InitiativeWord Count: 12841
Applied Business Research Assignment Solution_1
ContentsIntroduction.................................................................................................................................................3Theory of initiative towards sustainable Accounting...................................................................................3Literature Review........................................................................................................................................31st Literature - What is Corporate Sustainability and How DO Forms Practice It? A Management Accounting Research Perspective by Satish Joshi and Yue Li...................................................................32ndLiterature - Exploring the Strategic Integration of Sustainability Initiatives: Opportunities for Accounting Research by Ballou, Brian and Casey, Ryan and Grenier, Jonathan H. and Heitger, Dan L.,..43rd Literature- Towards A Theoretical Integration Of Sustainability: A Literature Review And Suggested Way Forward by Justin Bateh, Donald H. Horner, Jr., Ardell Broadbent, David Fish................................44th Literature- The Impact of Corporate Sustainability on Organizational Processes and Performance byRobert G. Eccles, Ioannis Ioannou, and George Serafeim........................................................................4Common themes of above Literatures........................................................................................................5Different themes of above literatures.........................................................................................................5Management implication of the literatures.................................................................................................5Study limitations..........................................................................................................................................5Future research directions...........................................................................................................................5References:..................................................................................................................................................62
Applied Business Research Assignment Solution_2
IntroductionAccounting approaches towards sustainability is linked with initiative to fix the sustainabilityobjective of corporate strategy through evaluation of opportunities and threats. Next step is toprovide measurement, accounting and skills related to performance management to confirm theexistence of sustainability in the regular operation of the corporate. The adoptable sustainabilityframework of the corporate is mainly followed by all size of business entities to ensure theirapproach towards their stakeholders with three features- strategy of business, operational withreporting. The area of reporting demands the role of professional accountants to ensuresustainable improvement of the said business entity. [ CITATION AIC15 \l 1033 ]Theory of initiative towards sustainable AccountingTraditional accounting emphasizes on the demand of the business. Latest concept of accountingfor sustainability demands more in the areas of environment including different social issues.Through normal practice of traditional accounting, different areas of inconsistencies generatewhich should be properly analyzed along with the consideration of theories and concepts oftraditional financial reporting. [ CITATION Cun11 \l 1033 ]Literature Review1st Literature - What is Corporate Sustainability and How DO Forms Practice It? A Management Accounting Research Perspective by Satish Joshi and Yue LiRefer to above literature published in 2016 in American Accounting Association Journal; mainemphasis is given in the definition of sustainability approach of the corporate with differentlogics of eminent personalities. The concept of sustainability is defined by Dyllick and Hockerts(2002) as the concept, by which current and future internal and external stakeholders of thecorporation can be served with their objectives. The concept is endorsed by Schaltlegger, Burrittand Peterson (2003) by deriving that corporate sustainability can be accomplished throughenvironmental, economic and social effects to ensure improvement of the corporate performance,through which all stakeholders can be benefitted. The same literature also highlighted the role of accounting to ensure sustainability in business.There are different ways to ensure sustainability in business by accounting professionals, whichinclude responsibility to proper measurement, fair disclosure with management of someenvironmental and social issues related to the business, in addition to practice of traditionalfinancial practices. To ensure practice of sustainability in accounting, corporate requiresimplementation and following of accounting policies which can generate by organizing financialinformation to ensure external sustainability reporting with the facilitation of managementcontrol and to persuade decision making internally. [ CITATION Sat16 \l 1033 ]3
Applied Business Research Assignment Solution_3

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