Print Accounting Theory - Chapter 11 flashcards - Easy Notecards

← Back to notecard set|Easy Notecards home page

Instructions for Side by Side Printing

Print the notecards
Fold each page in half along the solid vertical line
Cut out the notecards by cutting along each horizontal dotted line
Optional: Glue, tape or staple the ends of each notecard together

To print: Ctrl+PPrint as a list

20 notecards = 5 pages (4 cards per page)

Accounting Theory - Chapter 11

front 1 The Brundtland report defined sustainable development as "development that...": a. allows all people to meet their needs to an equal degree. b. meets the needs of the future without compromising the ability of current generations to meet their own needs. c. meets the needs of the present without compromising the ability of future generations to meet their own needs. d. continues at the current pace, neither increasing nor decreasing into the foreseeable future.	back 1 c.
front 2 Which of the following statements about Intergenerational Equity is NOT true: a. It means that future generations should not have a lower quality of life. b. It is concerned with poverty and access to food, water and shelter. c. It is an important component of eco-justice. d. None of the above, i.e. they are all true.	back 2 a.
front 3 Which of the following terms is commonly used to mean Sustainability Reporting? a. Corporate Social Reporting b. Environmental, Social and Governance Reporting c. Triple Bottom Line Reporting d. All of the above	back 3 d.
front 4 The three parts of the triple bottom line are: a. Financial, Economic and Government b. Economic, Environmental and Social c. Economic, Stakeholder and Employee d. Financial, Customer and Government	back 4 b.

front 5 The International Integrated Reporting Committee was formed by which two bodies? a. NGO and GRI b. UNHCR and IASB c. GRI and A4S d. IASB and FASB	back 5 c.
front 6 According to the research undertaken to date, what is the relationship between environmental performance and disclosure of corporations? a. Poor performers have poor disclosure, but no relationship has been found for good performers b. Good performers have good disclosure, but no relationship has been found for poor performers c. Poor performers have good disclosure, but no relationship has been found for good performers d. Research has not drawn any clear conclusions	back 6 d.
front 7 The UN's Principles of Responsible Investment have main been adopted by which types of organizations? a. Mining Companies b. Institutional Investors c. Governments d. Builders	back 7 b.
front 8 Which of the following is NOT a use for sustainability reports prepare under the GRI framework? a. Demonstrating organizational commitment to sustainable development b. Comparing organizational performance over time c. Measuring organizational performance with respect to laws d. None of the above, i.e. they are all uses for sustainability reports under GRI	back 8 d.

front 9 Which of the following is an Environmental Performance Indicator under the GRI framework? a. Rates of injury b. Impacts of transport c. Anti-corruption policies d. None of the above	back 9 b.
front 10 Which of the following is NOT a Labor Practices and Decent Work performance indicator under GRI? a. Workforce by gender b. Assessment of product life cycle stages for health and safety risks c. Education and training programs in place d. None of the above, i.e. they are all Labor Practices and Decent Work performance indicators.	back 10 b.
front 11 Which of the following statements is most correct regarding Environmental, Social and Governance Reports? a. They are becoming mandatory in an increasing number of countries b. They are not currently required in any country c. They are required as part of the IASB's accounting standards d. Norway is leading the way with regards to requiring reporting	back 11 a.
front 12 Which of the following is NOT considered a stakeholder with potential interests in corporate sustainability? a. Banks b. Government c. Media d. None of the above, ie. They are all potential interested in corporate sustainability.	back 12 d.

front 13 Stakeholder power is general considered to relate to which of the following factors? a. The amount of impact the organization has on them b. How vocal they are prepared to be c. The degree of control they have over resources required by the organization d. None of the above	back 13 c.
front 14 Ethical investment funds might be concerned about how individual companies address climate change because a. They don't want to invest money on companies that waste money b. They believe companies that address environmental risks will perform better in the long run c. They believe carbon emissions proxy for economic performance d. None of the above	back 14 b.
front 15 An EMS is a: a. Emissions Measurement Scheme b. Ecological Maintained Source c. Environmental Management System d. Ethical Mission Statement	back 15 c.
front 16 ISO 14001 Environmental Management requires certifying companies to assess environmental performance against a. Internally developed policies, objectives and targets b. Industry benchmarks c. Government set standards d. Internationally established values	back 16 a.

front 17 The Kyoto Protocol: a. Sets standards on corporate reporting of carbon emissions b. Commits countries to achieving specific greenhouse gas emissions reductions c. Forbids trading in greenhouse gases d. All of the above	back 17 b.
front 18 An emissions trading scheme: a. Can also be referred to as a 'cap and trade' scheme b. Allows the trade of excess emissions permits c. Usually involves substantial fines for excessive polluters d. All of the above	back 18 d.
front 19 As of 2012, the IASB project on Accounting for Carbon Emissions a. Is complete with the release of IFRS 4 b. Is currently an Exposure Draft (ED133/A) c. Is currently paused d. Does not exist	back 19 c.
front 20 Climate change has the ability to impact on traditional financial accounting in what way? a. Liability valuation b. Asset Impairment c. Risk disclosure d. All of the above	back 20 d.