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Question 1: Social Accounting

1. Describe corporate social responsibility.

2. Give examples of the environmental issues affecting accounting.

3. What is meant by social reporting?

4. What are the types of social accounting?

5. Explain the factors that have led to increased corporate accountability.

6. What role has government had in regulating corporate accountability.

7. Do many companies comply with social reporting?

Question 2: The IFRS Framework discusses 2 concepts of capital and capital maintenance: financial and physical.

Question 3: AASB 139 is to be replaced by AASB9 as from 1st January 2018. I am a litter confused with understanding Financial Instruments and this new standard. Please explain it.

Accounting Basics, Accounting

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