A New Era for Heritage Sites
Added on 2019-11-26
16 Pages2094 Words173 Views
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Running head: CORPORATE ACCOUNTINGCorporate AccountingStudent’s NameCourse Code
1CORPORATE ACCOUNTINGQuestion 1Climate change has been in vogue for Financial Institutions recently (Deegan2013).Climate resistance and low carbon has been given emphasis. Mainstream financing hasbeen the platform for climate issues. Formulation of national and international policies can bemade for industries to be transparent. Capacitating the industries to make changes for climateissues is the next target. All like-minded investors have been grouping to collaborate for theclimate change for capital inflow. Climate change is risky for economy and hence for investmentsector as whole.Ethical investment which is called Socially Responsible Investments has developedrecently. Investors are seen reluctant in investing in ventures of arms or alcohol which are ofhostile nature. Now investment is being done on merits of goods that are environmentalprotection, ethical employment, recycling and conservation (Deegan 2013). Ethical investorsfollow activism in which they convince each other to make positive amendments in the type oftheir investments. They do not restrict any investment strategy but modify it for gainingsustainability in the business.
2CORPORATE ACCOUNTINGQuestion 2There are several policies and procedures published by the government of country forcorporate to maintain the sustainability of the companies within that particular territories. Since1980’s companies are bound to fulfill responsibilities towards society and environment.Company is liable for the adverse effects of noise and chemicals produced towards environment.But it can be managed by the benefits of employment given to the local citizens without anylegal compliance. CSR is to be held up by every organization to show their concern towards society andenvironment. Health campaigns should be organized to tackle the issues created due to noise andchemicals. It may incur cost to the company but its benefits are more farfetched. A CSRcommittee can be made to organize these activities and manage affairs with the government asper requirement. Sustainability report should be published each year as per the amendments ofauthorities and government. CSR activities should comply with GRI norms.
3CORPORATE ACCOUNTINGQuestion 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.
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