+1 (909) 375-5650
4982 Parkway Street, Los Angeles, CA 90017
Get an Answer

The Corporate Reports

The Corporate Reports

Part 1 – 20 Marks
‘During the sub-prime banking crisis it was claimed by many (especially banks themselves) that accounting requirements – as reflected in various accounting standards – that require reporting entities to measure many of their assets at fair value actually exacerbated the financial crisis (Laux and Leuz, 2009; Power 2010). This is a phenomena termed procyclicality.

It is argued that when markets for financial assets (such as shares, bonds and derivatives) are booming, the value of these assets held by banks, and shown at fair value within their statements of financial position, will similarly rise significantly above their historical cost – thus increasing the reported net assets and capital and reserves of the bank.

Part 2 – 20 Marks

‘In 1987, the World Commission on Environment and Development set out an aspirational goal of sustainable development – describing it as ‘development which meets the needs of the present without compromising the ability of future generations to meet their own needs.’
Through their activities and relationships, all organizations make positive and negative contributions toward the goal of sustainable development. Organizations therefore have a key role to play in achieving this goal.

Sustainability reporting, as promoted by the GRI Standards, is an organization’s practice of reporting publicly on its economic, environmental, and/or social impacts, and hence its contributions – positive or negative – towards the goal of sustainable development. Through this process, an organization identifies its significant impacts on the economy, the environment, and/or society and discloses them in accordance with a globallyaccepted standard.
Marking criteria Assignment 2
1. Accuracy and presentation of content 2. Quality and clarity of writing 3. Critical analysis and evaluation of evidence 4. Depth and quality of research and data collection 5. Completeness and accuracy of referencing.

Do you want your assignment written by the best essay experts? Then look no further.  Order Now, and enjoy an amazing discount!!



Previous ArticleNext Article