How do accounting professionals contribute to practices of sustainability?

Expert Solution

Accounting professionals present with reliable qualitative financial information through financial reporting. They assists business with corporate strategy, give advise for reducing costs and mitigating risks, thereby increase in revenue generation.

Accounting professionals serve organizations to make them resilient. They can help in decision making processes after considering the enviornmental and social issues that the businesses may affect. The can focus on increasing efficiency of business processes which can reduce waste and controlling costs. The accounts can advise in drawing out internal controls in the business systems and ensure that the things which are important are managed properly. They should incorporate corporate governance in such a way that credible information is provided to stake holders and transparency is maintained. Business strategies should be in lieu of interest of stake holder's value creation.

jeff jeffy answered 2 years ago

How do accounting professionals contribute to the practices of sustainability?

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Assignment Details This assignment has 3 parts: How do accounting policies and practices affect financial accounting...

Assignment Details This assignment has 3 parts: How do accounting policies and practices affect financial accounting information used for "external" decision making purposes? What governing and oversight bodies exist to help ensure timely and accurate reporting of financial information by publicly traded companies? How to internal controls help ensure that financial results are accurately and fairly presented for use by external users?

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How do accounting policies and practices affect financial accounting information used for "external" decision making purposes? What governing and oversight bodies exist to help ensure timely and accurate reporting of financial information by publicly traded companies? How to internal controls help ensure that financial results are accurately and fairly presented for use by external users?

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