Free

SD# 3 - Essay Example

Comments (0) Cite this document
Summary
Specifically, this is because the company has other important aspects and responsibilities on top of it profit-making agenda. For example, a company is responsible for its geographical and social…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.4% of users find it useful
SD# 3
Read TextPreview

Extract of sample "SD# 3"

Integrating Financial Information and Sustainability Costs Why might it be important to include sustainability and other factors in a firm’s financial reports?
The status of a company does not depend on its finance position alone. Specifically, this is because the company has other important aspects and responsibilities on top of it profit-making agenda. For example, a company is responsible for its geographical and social environments. For this reason, it is the expectation of the society that the firm will operate under certain conditions that will benefit the community and the business. Therefore, the inclusion of sustainability and social responsibilities in the financial statement of the company projects its relationship with the society and the environment. Consequently, the monetary value of the firm, as expressed through the financial statement, incorporates these factors to ensure that the company is responsible and maintains a healthy relationship with the environment for a future success. When a firm fails to provide better services or pollutes the environment, the resulting outcome will affect its reputation and operations, thus threatening its existence.
2. What is the purpose of the integrated reporting council?
The purpose of the International Integrated Reporting Council (IIRC) is to provide a holistic model that gives a comprehensive view of the firm operations and business strategies. Specifically, the program uses both the financial and nonfinancial information to establish the effectiveness of the business in maintaining a viable and sustainable business environment (IIRC n.p.). As expressed in its vision, the IIRC intends to embed integrated thinking in the business practices to make it a corporate reporting norm that leads to efficient and productive capital allocation. Consequently, this will lead the company to financial stability and sustainability in its operations. Therefore, the purpose of the IIRC is to improve business reporting to restore public trust in businesses, enhance investor’s confidence, and ensure efficient capital allocation in the economy for a sustainable and stable business environment (IIRC n.p.).
3. Why do you think NASDAQ is beginning to require more information on a firm’s corporate governance and environmental activities?
The stock exchange market is a dynamic industry that changes drastically due to various factors such as public perception of the company or a negative assessment of the firm by an external entity. Therefore, for the NASDAQ exchange market to value a business, it must have holistic and comprehensive information about the company. Specifically, that does not only mean its financial performance but also its nonfinancial activities that are crucial in determining its future performance in the stock exchange. The profitability of a business depends on strategic management and social relationship with the local community and the environment. Therefore, a breach of this relationship threatens the reputation of the firm and might affect its productivity and profit making. When the future of the business is at risk, investors are less likely to buy the shares. In such an event, the NASDAQ Company might face serious financial or reputational challenges for conspiracy and lack of transparency in informing its clients about the future prospect of the firm in question. For this reason, the NASDAQ Company sees it fit to have both the financial and nonfinancial information about a business to ensure proper information delivery to its clients before deciding to purchase the shares in the stock market.
Works Cited
IIRC. "International Integrated Reporting Council (IIRC)." IAS Plus. IIRC, 2015. Web. 26 Apr. 2015. . Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“SD# 3 Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
SD# 3 Essay Example | Topics and Well Written Essays - 500 words. Retrieved from https://studentshare.org/business/1691569-sd-3
(SD# 3 Essay Example | Topics and Well Written Essays - 500 Words)
SD# 3 Essay Example | Topics and Well Written Essays - 500 Words. https://studentshare.org/business/1691569-sd-3.
“SD# 3 Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/business/1691569-sd-3.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF SD# 3

3-3

...Abdullah alsubhi 3-3 Week 5 I chose my brother to work with me on this questionnaire. I have a strong personal relationship with him, and I think both of us think pretty much alike on many issues. As the stereotypical males are wont to do, we do not talk much about our feelings about each other, therefore, I wanted to know how he truly feels about me, and this questionnaire presented me with such an opportunity. Despite the fact that we know each other since my birth and that we have shared the same interests over 20 years, the task was much more difficult than what I expected it to be. We have been quite guarded about expressing our feelings, as I said earlier, and during the task I learnt that there...
2 Pages(500 words)Essay

Assignment 3-3

...MYERS BRIGS TYPE INDICATOR by Omar Alhumaidi. 5th June The onset of MBTI implementation made me rethink myself. Quite unlikely though, I found out cetain aspects of my personality that put me in a fix. Fulfilling a manager’s responsibilities at one end and then realizing the personality shifts at the other end made me feel as if my personality was split. Working through the MBTI assignment and book material motivated me to look up MBTI and its affects over my personality even more. By nature I am an energetically restless person who always wants to be upfront in every sotuation concerned or unconcerned. I love to live my life to the fullest and also want to help others along with sheer humbleness and sincerity at heart. My light... BRIGS TYPE ...
2 Pages(500 words)Essay

Thinking Critically With Psychological Science

...sampled from two counties in northern New York State, for whom data were available through 1991-93 regarding television viewing and through 2000 regarding aggressive behavior. Interviews were conducted with these families in 1975, 1983, 1985-86, and 1991-93. The youths in the study, randomly selected from age-eligible offspring, were administered questionnaires that assessed a wide range of aggressive acts in 2000. The mean age of the youths was 5.8 (SD = 3) in 1975, 13.8 (SD = 3) in 1983, 16.2 (SD = 3) in 1985-86, 22.1 (SD = 3) in 1991-93, and 30.0 (SD = 3) in...
1 Pages(250 words)Essay

Journal 3- #3

... TOPIC: Healthy Lifestyle Among College Obesity gains the attention of many healthcare professionals as “increased body weight contributes to the development of the metabolic syndrome in adolescents and young adults, including impaired glucose tolerance, insulin resistance, hyperlipidemia, elevated blood pressure, and increased abdominal fat”. Various studies have shown that “physical inactivity, poor dietary choices, increased caloric intake, increased stress and disturbed sleep patterns, in addition to many other factors”, cause 35% of college students to be obese, and put many at risk for weight gain during their stay in college, especially when the greatest increase in weight happens between the ages 18 to 29 years. The number...
3 Pages(750 words)Essay

Importance of the Development of the New Transformation Process Gas to Liquids

...SD +3 Importance of the development of the new transformation process GLT One importance of the project is its environmental sensitivity because application of its product neither causes unpleasant smell nor pollutes the atmosphere, factors that promote environmental health. The project also has economic significance in its profitability potential that promises benefits to both Shell and the Qatar government. The process is also important because of its ability to form new natural gas. This is particularly important because natural gas is the process’ raw material and therefore ensures a sustainable and less costly process as compared to a case in which raw materials are sourced from distant places...
1 Pages(250 words)Assignment

#3

... News article on drugs The news clip article “War on illegal drugs failing, medical researchers warn” is about drugs and the need to decriminalize them as their criminalization is only acting to increase the drugs in the streets and their potency while at the same time reducing their prices in the streets. The article is based on a medical research conducted by researchers in Britain and it is published in the British Medical Journal. The research indicates that the prices of drugs such as cocaine and opiates have continued to lower from 1990. This therefore means that there is an increase in drugs circling the streets in only Britain but around the world as well. Drugs addicts have continued to increase as the drugs are cheap... News...
2 Pages(500 words)Essay

IQ Data Analysis and Interpretation

... and the lowest scores from the given data. The minimum is the lowest score while the maximum is the highest score. From the given data, the maximum IQ score is 135 while the minimum score is 65. Therefore the range IQ score is 70 (135-65). Graphical representation of IQ scores <===== 1 SD ======><============= 2 SD ===============><====================== 3 SD ======================> The computed average score of the given group (100) lies within the normal range of intelligence which is known to be between 85 and 115 (Howe, 1997). The median score matches that of the normal distribution since it is 100. The intellectual disability is indicated by a score that is 75 and below (Howe, 1997). Therefore, the test... Data Analysis and Interpretation The common measures of central tendency are the mean, median and mo...
1 Pages(250 words)Assignment

3

...Running Head: Teachers Attitudes and learning. Department The study is addressing the research problem of whether the teachers’ attitudes both in the low level income and urban schools affect the students’ learning. 2. Previous researchers have reported that perceptions by teachers about the cognitive capacities of their students as well their dedication to their work significantly influences their students’ learning experience. Lower expectations of their students and failure to assume full responsibility for the students’ learning result in low performance on the part of students and vice versa. 3. The purpose of the study was to examine the influence of teachers’ attitudes on learning, teacher characteristics...
3 Pages(750 words)Essay

Business Processes and SystemsSAP SD exercise

...in the system would help the organisation to reduce errors (the system gives report for the loss and profit, and analysis of variance). SAP System can produce financial reports, and thus it cannot be compared with the other current systems that cannot produce such reports. The system can record the currency that customers use in the payment and the terms of payment as well (USD). The sophisticated segmentation of reporting that the organisation receive from the system makes the structure more efficient than other r current systems. The system can record a contact person and thus its efficiency. SAP system has enabled the team to change some of it habits, processes and cultures like use of hardcopy documents to...
2 Pages(500 words)Assignment

SD # 2

...is designed in such a way that it will appeal to the emotions of the consumers. In most cases, customer response to a particular offering is mainly influenced by their emotions towards it. Therefore, it is imperative to design the images of the products that will appeal to the interests of the customers such that they can make a decision to purchase them. Thus, an image that evokes memories helps to stimulate the interests of the customers and consequently help them to make decisions to purchase the products being sold. Simple advertisements may fail to appeal to the interests of the targeted customers. 3. Pinterest acts as a customer relationship management tool in that the marketers are in a position to interact with...
2 Pages(500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic SD# 3 for FREE!

Contact Us