CONTEMPORARY ISSUES IN ACCOUNTING.

Added on - 31 Oct 2019

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Running head: CONTEMPORARY ISSUES IN ACCOUNTINGContemporary issues in accountingName of the Student:Name of the University:Author Note:
2CONTEMPORARY ISSUES IN ACCOUNTINGExecutive summaryThe current segment explains sustainability report of Coles Limited. The study highlights thepresent state of sustainability of Coles Limited. The study even finds out some of the materialissues that are faced by Coles Limited such as increased carbon footprint and frequent climatechange as these issues adversely affect environment as a whole. Proper practices are explainedthat in actual is the strategies followed by Coles Limited to minimize the identified issues so thatthe company can act as in ethical and responsible way.
3CONTEMPORARY ISSUES IN ACCOUNTINGTable of ContentsIntroduction......................................................................................................................................3Sustainability reporting of Coles Limited........................................................................................3Current state of sustainability reporting..........................................................................................5Issues................................................................................................................................................5Practices...........................................................................................................................................6Implications for various stakeholders in relation to financial decision-making..............................7Recommendations and Conclusion..................................................................................................8Reference List................................................................................................................................10
4CONTEMPORARY ISSUES IN ACCOUNTINGIntroductionThe current explain the sustainability report of Coles Limited (Coles.com.au 2017). Inthis given assignment, appropriate prominence has been given on understanding the present stateof sustainability for the largest Australian retailer company named as Coles Limited. ColesLimited focuses mainly on serving customers, suppliers, community and environment as awhole. At Coles Limited, their main responsibility is to affect every aspect of business andencourages being a little better on everyday basis (Coles.com.au 2017). Coles Limited is proudto lend a helping hand to the many business organization where the team members and clienteleare involved in and across Australia. The current segment explains the issues that are faced byColes Limited and linked with practices so that the company can reduce or minimize the issue inthe upcoming financial year (Williams 2014).Sustainability reporting of Coles LimitedSustainability report is a report that is prepared by an organization that give detailedinformation about economic, environmental, social and governance performance.CorporateSocial Responsibility can be termed as initiatives taken by Business Corporation for accessingand taking responsibility for the company effects on social and environmental wellbeing.Theterm CSR applies to efforts that go beyond what may be acquired by regulators or environmentalprotection groups.As rightly put forward bySmith (2017), Coles Limited has been committed for formationof worth for its shareholders, communities, employees for more than a century from now(Coles.com.au 2017).It is only possible to create long-term value with the shareholders, if the
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