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AF3U97 - Environmental and Management Accounting- Assignment

   

Added on  2020-03-07

18 Pages3700 Words75 Views
Running head: ENVIRONMENTAL AND MANAGEMENT ACCOUNTING 1Environmental and Management Accounting AssignmentStudent’s Name Name of University

ENVIRONMENTAL AND MANAGEMENT ACCOUNTING 2Executive SummaryThe report is divided into three parts. Part A provides a report on environmental and social impacts of Premier Investments, identifies and discusses key Global Reporting Initiative, compares the quality and depth of environmental performance information provided by Premier Investments and Myers, and evaluates the benefits of compliance to Global Reporting Initiatives.Part B identifies the major costs associated with the operations of Smiggle and Peter Alexander, evaluates the usefulness of break-even analysis, and develops a balanced-score-card for Premier Investments. Part C presents break-even analysis for proposed business expansions.

ENVIRONMENTAL AND MANAGEMENT ACCOUNTING 3Table of ContentsExecutive Summary.........................................................................................................................2Introduction......................................................................................................................................4Part A...............................................................................................................................................4Part B...............................................................................................................................................5Part C...............................................................................................................................................5References........................................................................................................................................5

ENVIRONMENTAL AND MANAGEMENT ACCOUNTING 4IntroductionPremier investment is considered one of the most successful companies in Australia. Over the years, the company has been able to grow and expand its footprint in and outside of Australia. The company has been able to use its expertise and huge capital reserves to own and expand its retail, consumer, and wholesale businesses (Premier Investments Ltd, 2014). The growth and expansion of Premier Investments Ltd have had various impacts. This report will focus on the environmental and management accounting matters regarding Premier Investments Ltd. Part A1.Impact of Premier InvestmentsSocial Impacts(i)The wage rate paid by large retailers like Premier Investment is traditionally higher than that paid by small shops. The expansion of Premier Investments’ outlets might lead to closure of smaller retailers but the expansions are accompanied by higher pay levels. The overall effect of higher incomes is higher standards of livings (Shaw, Lafontine, & Hicks, 2014).(ii)The expansion and growth of Premier Investments have led to the social developmentof countries like Bangladesh. In Bangladesh, the apparel sector contributes approximately 80% of the country’s gross domestic product and employs more than 3million workers most of whom are women. This has led to the empowerment of women. (iii)Large retailers offer consumers a wide variety of goods at lower prices which is good for the welfare of society,(iv)Premier Investments support numerous philanthropic activities that improve the welfare of the communities in which they operate in.

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