Contemporary Accounting Theory Research Paper 2022

Running head: CONTEMPORARY ACCOUNTING THEORY
Contemporary accounting theory
Name of the Student
Name of the University
Author Note

CONTEMPORARY ACCOUNTING THEORY
Executive summary:
The paper is developed to explore the theoretical knowledge about the importance of
sustainability reporting to the firms by reviewing the literature. The holistic view of the
corporate sustainability reporting is provided by explaining the sustainability reporting versus
corporate social responsibility. In addition to this, paper also demonstrates the theories that
helps in explaining the sustainability reporting essence. The application of theoretical
knowledge of the importance of sustainability reporting is done by explaining the reporting
practices of the one of the leading telecommunication service provider that is TPG Telecom
limited. The sustainability scoring index in accordance with the principles of GRI has been
depicted for evaluating the quality of sustainability disclosures of TPG Telecom limited with
the help of information retrieved from the sustainability report or the financial report
published by the company.

CONTEMPORARY ACCOUNTING THEORY
Table of Contents
Introduction:...............................................................................................................................3
Part A:........................................................................................................................................3
i. Evaluating the importance of corporate social responsibility for the firms having
financial objectives:...................................................................................................................3
ii. Evaluating the sustainability reporting in contrast with the corporate social
responsibility:.............................................................................................................................3
iii. Identifying the theories explaining the essence of sustainability reporting:...................3
Part B:.........................................................................................................................................3
iv. Presenting the overview of the governance, ownership and financial performance of
TPG telecom:.............................................................................................................................3
v. Preparing the sustainability reporting scoring index:.........................................................3
vi. Explaining the quality and extent of sustainability reporting of the company against
the sustainability reporting scoring index:.................................................................................3
Conclusion:................................................................................................................................3

CONTEMPORARY ACCOUNTING THEORY
Introduction:
The report is divided into two sections, with one section depicting the importance of
corporate social responsibility and sustainability reporting and the link between them, while
other section depicting the application of such knowledge to explain the quality and essence
of sustainability reporting practices by the organization. The essence of sustainability
reporting and how the efforts of organization is shaped for addressing sustainable matters is
done by identification of two relevant theories. The sustainability disclosure of the chosen
company that is TPG Telecom is explained by evaluating the facts and the information
disclosed in the sustainability report by referring to the scoring index.
Part A:
i. Evaluating the importance of corporate social responsibility for the firms having
financial objectives:
Corporate social responsibility is becoming one of the most prominent business
practices in this era. For every individual company, the major objective is to produce output
and creates a positive effect on the society. The major objective of corporate social
responsibility is to make sure that the all the companies practicing CSR in their organization
should carry out their business in an ethical manner. This also takes into account the social,
economic and the environmental impact thereby taking the human rights also into
consideration. Every company aims to obtain a positive result on the society as a whole also
there should be a maximum creation of the shared value for the owners of the enterprise
which includes its employees, shareholders and stakeholders (Hawn & Ioannou, 2016).