Class Discussion 0

Contrast the likely differences between the balanced scorecards of a profit-seeking company and a not-for-profit organization.

In-Class Activity 1

Stakeholder groups, such as employees, customers and community groups, may influence organisations to adopt sustainable work practices.

For each stakeholder group, provide an example of how it can influence organisations.

In-Class Activity 2

Classify each of the following statements as true or false. In each case explain your answer.

1. Environmental Management Accounting is concerned solely with understanding the financial

impact of sustainability-related issues.

2. In assessing performance a sustainability approach is concerned with outcomes within and

beyond the boundaries of the organization.

3. An organisation's financial statements provide a comprehensive picture of its economic impact.

4. These days it is important for managers to take care of shareholders, customers and

employees. Other stakeholders are not all that important.

5. An organization that uses a sustainability approach will have high costs and low profitability.