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Segment Reporting Analysis

   

Added on  2020-02-23

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Running head: CORPORATE ACCOUNTINGCorporate AccountingStudent’s NameCourse Code
Segment Reporting Analysis_1

1CORPORATE ACCOUNTINGAnswer to Question 1Initially many Financial Institutions have been actively participating in showingleadership in the field of climate change. Some of them have been giving capital to the lowcarbon and climate resistant activities. Investors see an opportunity to work on these climateissues and to include it into mainstream financing (Deegan 2013). It can be done by formulatingnational and international policies which can make industries to be more critical, long-lived andtransparent. After this the aim is for development of financial industry to capacitate it intoassessing the opportunities and risks involved in the climate change. By coming into consensusabout investing in the climate change collaboration of all the like-minded investors can provevital to unlock the capital flows. As climate change is proving to be a risk and is affecting globaleconomy and hence the investment sector.Ethical investment which is also termed as Socially Responsible Investments has developedsince last decade. Investors are seen reluctant in investing in ventures of arms or alcohol whichare of hostile nature. Now investment is being done by screening positive and negative criteriawhich are environmental protection, ethical employment, recycling and conservation. Ethicalinvestors are practicing the fondness of the best-of-sectors and developing a green investmentsystem (Deegan 2013). They tend to create a better environmental record for their investments.Ethical investors follow activism in which they convince each other to make positiveamendments in the type of their investments. It is not that they restrict any investment strategybut tend to modify it for gaining sustainability in the business operations.
Segment Reporting Analysis_2

2CORPORATE ACCOUNTINGAnswer to Question 2Since 1980’s companies are bound to fulfill responsibilities towards society and environment. Asa chief financial officer of this organization and also considering the cost benefit analysis of thecompany. As the company is providing printing services and due to chemical and noise pollutionsocial and environmental surrounding is affecting adversely. But on the other hand, company hasprovided large amount of employment to the local people, so there are no legal compliancerelated to these issue. As every organization required to do some amount of CSR activities to show their responsibilitytowards environment and society. Our company should initiate some kind of health awarenessprogram to cope up with different types of hazards occur due to chemical or noise pollution. It isan expense for the company for short span of time but in a long run, it will be beneficial for theorganization and surrounded population.As we can make CSR committee for taking care these activities and also they will be accountedby taking all the legal permission from the government authority as per requirement and purpose.Financial terms it is a bulk expenditure activity for the company but it is should mandatory tomaintain hassle free work environment for employee and nearby people too.Company should publish a sustainability report every year with the revised policies andprocedures as per the changes done by the government or legal authorities. All the CSR activitiesshould be done under GRI norms.
Segment Reporting Analysis_3

3CORPORATE ACCOUNTINGAnswer for Question 3The $50,000 has been spent on development of general understanding of water flowdynamics would be considered as research and will be written off as incurred.The $30,000 spent for the purpose of knowledge gathering of surfboard which isexpected from local surfers will be considered as research and would be written off asincurred.There are $90,000 and $1, 90,000 have been spent on testing and refining and prototypehas been considered as development expenditure will be capitalized.
Segment Reporting Analysis_4

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