BUACC2614: Management Accounting- Report Writing Assignment

Internal Code: MAS1383

Report Writing Assignment:

Task: According to your text (2012 edition), “there are many opportunities for management accountants to apply their skills and knowledge in supporting managers as they respond to the business challenges associated with climate change”. According to a popular accounting text, “sustainable business practices present numerous issues for management and managerial accountants”. *According to the CPA President, Alex Malley, "I think that our profession is going to be a key player in determining the way companies will report (on their environmental impact) from now on”. **According to Bazerman et al., (2002), “Given the vast scale of recent accounting scandals and their devastating effects on workers and investors, it’s not surprising that the government and the public assume that the underlying problems are corruption and criminality -unethical accountants falsifying numbers to protect equally unethical clients”. Required: 1. In your view, what role can the accounting profession play in reporting value creation (or diminution) in terms of “six capitals”? Identify any challenges in this process. Include a discussion of techniques that can be used by management accountants in this context. 2. Critically evaluate an Integrated Report produced by a company in creating (or diminishing) value in terms of six capitals.