Facts is a privste h s which provaders Counsetng svices to ts clents ts chents work...

  

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Facts is a privste h s which provaders Counsetng svices to ts clents ts chents work to lg crpondes which pay Facts ple a foe per mooting at toir employoes have with a Facts plc counelor Rocently thero have boen some nows stors thuat some privste courmeltng companien turve teon oncourpng Extra montngn with clionts in order to claim more toosi trom thor employers, even when the extra meotings woro not necessary. Some of the corporatiores which Facts pic provide services to aro concermed wheither Facts ple is also involvod in thes practice The goverrement has recently introduced strict legislation on the managing of counselling services imcluding large finos for untair practices Facts plc has a good reputation with its chonts and only agroos to additional meotings if the omployoos themselves roquest one In addition, it also rofors employoes to other services that may be holpful, however hasn't informed stakeholdors of these policies. Facts plc operate in a competitive sector and any positive actions they can do to boost their competitivoness is helpful to sustain and improve their position a) Explain the aim of Social Reporting (1 mark) b) Explain THREE advantages to Facts pic of engaging in social reporting (6 marks) c) Explain the meaning of "international harmonisation" and identify ONE barrier to international harmonisation. (2 marks) hor rennth.hann d) Zest plc has traditionally boon a sccessful company however has recontly boen struggling to obtain funds to support their investmont projects One of theso projects includes to buy a subsidiary basod in Italy Zest plc is based in a courntry which has given businesses a choice over whether or not to implement IFRS's when preparing their accounts. The managing director of the company believes implementing IFRS's will not have much benefit Explain TWO advantages to Zest plc of international harmonisation. (6 marks) Facts is a privste h s which provaders Counsetng svices to ts clents ts chents work to lg crpondes which pay Facts ple a foe per mooting at toir employoes have with a Facts plc counelor Rocently thero have boen some nows stors thuat some privste courmeltng companien turve teon oncourpng Extra montngn with clionts in order to claim more toosi trom thor employers, even when the extra meotings woro not necessary. Some of the corporatiores which Facts pic provide services to aro concermed wheither Facts ple is also involvod in thes practice The goverrement has recently introduced strict legislation on the managing of counselling services imcluding large finos for untair practices Facts plc has a good reputation with its chonts and only agroos to additional meotings if the omployoos themselves roquest one In addition, it also rofors employoes to other services that may be holpful, however hasn't informed stakeholdors of these policies. Facts plc operate in a competitive sector and any positive actions they can do to boost their competitivoness is helpful to sustain and improve their position a) Explain the aim of Social Reporting (1 mark) b) Explain THREE advantages to Facts pic of engaging in social reporting (6 marks) c) Explain the meaning of "international harmonisation" and identify ONE barrier to international harmonisation. (2 marks) hor rennth.hann d) Zest plc has traditionally boon a sccessful company however has recontly boen struggling to obtain funds to support their investmont projects One of theso projects includes to buy a subsidiary basod in Italy Zest plc is based in a courntry which has given businesses a choice over whether or not to implement IFRS's when preparing their accounts. The managing director of the company believes implementing IFRS's will not have much benefit Explain TWO advantages to Zest plc of international harmonisation. (6 marks)

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Social Report It is also known as social responsibility report This report shows the situation in the organization Social Report gathers the overall i... View the full answer