MANAGEMENT ACCOUNTING CONCEPTS AND TECHNIQUES
By Dennis Caplan, University at Albany (State University of New York)
CHAPTER 24: Corporate Social Responsibility
24-1: Do you agree with the Brundtland Commission definition of sustainability? Can you offer an alternative definition that you prefer?
24-2: Is the goal of achieving sustainable business practices compatible with the goal of maximizing long-run financial performance?
24-3: Can corporate strategies accommodate multiple long-run objectives? Can you cite examples of companies that seem to have established multiple objectives?
24-4: If you believe that companies can only effectively accommodate one long-run objective, do you think that shareholders have the same goals for the company as creditors? If not, how should the company balance the objectives of creditors with the objectives of shareholders? Similarly, do you think that current shareholders have the same objectives for corporate financial reporting as potential shareholders?
24-5: Does the balanced scorecard accommodate multiple long-run objectives, or only multiple objectives in the short run?
24-6: What is the relationship between reporting on environmental and social performance, and investing in environmental and social goals?
Management Accounting Concepts and Techniques; copyright 2006; most recent update: November 2010
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