logo

Sustainable Development Goals and Their Impacts on Business and Accounting

   

Added on  2021-06-18

5 Pages944 Words46 Views
Significance of the Project 1SIGNIFICANCE OF THE PROJECT: SUSTAINABLE DEVELOPMENT GOALS ANDTHEIR IMPACTS ON BUSINESS AND ACCOUNTING AuthorCourseProfessorCityDate

Significance of the Project 2Significance of the Project; Sustainable Development Goals and Their Impacts on Businessand AccountingThe project is very significant to both academic, and in business practice and policyContribution to Business PracticeThe project would help Wesfarmers in coming up with high-quality corporate reporting which would in turn assist the company achieve financial stability as well assustainable development and in particular achieve the SDGs (Ruggie, 2016, pg. 3). Additionally, the project would be significant to and would contribute greatly to business practice since it would help the business such as Wesfarmers minimize any information asymmetry and be able to examining investment risks.Basically, the project on “sustainable development goals” has significant impact on the business and accounting practices. This is due to the fact that the SDGs aims for more active engagement of business community, investment potential and its innovations to overcame any environmental, social and governance challenges by including all such issues in the business priorities (Bebbington & Unerman 2017, pg. 1). Furthermore, the project would enable the company enhance financial stability as well as sustainable development in particular and in general accomplishment of SDGs. It would also help in dealing with accounting issues since it help accountants reduce information asymmetry and examine investment risks, through creation of integrated audit and integrated reporting, provide as well as test the standards of sustainability accounting within the business (Bebbington & Unerman 2017, pg. 3). Contribution to Business PolicyAs such, the company would be able to create integrated audit and integrated reporting, giving and testing standards of the sustainability accounting, auditing and reporting within the required business models (Kharas, 2014, pg. 12).

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Integrated Reporting In Australia Assignment PDF
|17
|4262
|198

Contemporary Accounting Practice: Analysis of Global Reporting Initiative by Wesfarmers and BHP Billiton Limited
|8
|1939
|321

Governance and Risk Management Audit of Woolworths Group Ltd
|14
|4143
|125

Concept of the Integrated Report 2022
|8
|1223
|23

Financial Analysis of Woolworths Limited and Wesfarmers Limited
|23
|4989
|204

Corporate Governance Principles
|11
|2399
|91