1.Critically evaluate the contribution of management accounting and the management accountant to accounting for sustainable development. Your critique should be supported by literature and practical issues.(50%)
2.Choice any retail company or a Strategic Business Unit of a retail company and design, develop and outline a Balanced Scorecard (BSC) for the company or the Business Unit incorporating environmental measures. Where feasible your BSC should have specific measures / targets. (50%)
ANSWER PART A AND PART B
Part A
“Leaders of business, public service and third sector organisations are increasingly recognising that in discharging their varied duties they must address the significant risks of global environmental change, including the economic and social risks that can flow from it. They are also recognising the interaction of a broader range of risks and opportunities arising from, and impacting upon, ecological, social and economic sustainability as among the most urgent and complex challenges facing their organisations and society more broadly” (Hopwood, et al., 2010).
As leaders of organisations are becoming more aware of a diverse range of sustainability-related challenges, their organisations and advisors are working on developing a range of accounting and accountability practices which will help in identifying and managing sustainability –related risks and opportunities.
Required:
Critically evaluate the contribution of management accounting and the management accountant to accounting for sustainable development. Your critique should be supported by literature and practical issues.
(50 marks)
Part B
Choice any retail company or a Strategic Business Unit of a retail company and design, develop and outline a Balanced Scorecard (BSC) for the company or the Business Unit incorporating environmental measures. Where feasible your BSC should have specific measures / targets.
(50 marks)