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Technical

Accounting for ethical, social, environmental and economic issues Logo cima

  Professor Carol A Adams & Dr Geoff Frost |   Free |   CIMA |   2006 |   Thought leadership

Our case study ‘best practice’ organisations have recognised the importance of integrating sustainability performance data into their strategic planning, risk management and decision making processes and are making significant progress in doing so. However, the diversity of their approaches and the low level of reporting on performance indicate that British and Australian companies would benefit from greater guidance on this aspect of their work. Whilst our seven case study companies, with the resources and the know-how to do so, are committed to continuing to develop their approaches to integration in this way, the majority of British and Australian companies would clearly benefit from further guidance in this respect. Professional bodies could extend the training given to accountants on use of financial data in strategic planning, risk management and decision making to the use of social and environmental data. Accountants would then be in a better position to assist organisations in achieving long term success. (PDF 61KB)

Topics covered:
  • Management accounting: Technical: Financial accounting & reporting: Financial reporting & compliance, Advanced
  • Management accounting: Technical: Management reporting & analysis: Performance management, Advanced

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1 Comments/Reflections

Bipin Hathi

Bipin Hathi Jun 2018

Interesting comparisons drawn form the case studies on British and Australian companies in this area.