chap001 CGA MA1 Managerial Accounting 课件,management accounting课件概要1.ppt

Corporate social responsibility (CSR) is a concept whereby organizations consider the needs of all stakeholders when making decisions. CSR extends beyond legal compliance to include voluntary actions that satisfy stakeholder expectations. Stakeholders include groups, such as customers, employees, suppliers, communities, stockholders, and environmental and human rights advocates, whose interests are tied to the company’s performance. * This slide presents examples of corporate social responsibilities that are of interest to the six stakeholder groups just mentioned. * GRI and IFAC play an important role in promoting sustainability reporting. The triple bottom-line concept is critical for long-term sustainability of businesses. * Eurpoean companies led the pack in sustainability reporting followed by Asian companies. The growing trend of adopting GRI sustainability reporting standards is encouraging. It increased from 10 companies in 1999 to 1,772 companies in 2010. * 1-* * A management accountant who has the necessary qualifications and who passes a rigorous professional exam earns the right to be known as a Certified Management Accountant (CMA) or Chartered Management Accountant (FCMA, ACMA) or other management accountant’s qualifications such as Cost and Works Accountants in India. Management accountants who become professionally qualified accountants are often given greater responsibilities and higher compensation than other management accountants who are professionally qualified. Information about becoming a professionally qualified management accountant can be accessed on the IMA’s website at , CIMA’s website () other relevant institutions’ website by simple search on Google or other search engines. End of chapter 1. * Learning objective number 1 is to understand the role of management accountants in an organization. * 1-* * Decentralization is the delegation of decision-making authority throughout an organization by giving managers the authority