Stakeholder Relations – NBC Institute

CR – Nov 2022 – L3 – Q5 – Emerging Trends in Corporate Reporting

Discuss the limitations of financial-only disclosures and the value of including non-financial information in annual reports.

Question

One of the major limitations of traditional financial statements is that they reflect only the effects of transactions that could be reliably measured in monetary terms. Many corporate organisations now include management discussion analysis in their published financial statements. At present, entities reporting under IFRS do not have to publish non-financial information. However, many useful non-financial information had been identified and disclosed by some organisations voluntarily.

Required:
a. Appraise the problems associated with the disclosure of only financial information in an annual report. (5 Marks)
b. Analyse major non-financial information that is considered useful for voluntary disclosure. (5 Marks)
c. Discuss the benefits associated with the disclosure of non-financial information in corporate annual reports. (5 Marks)
(Total 15 Marks)

Answer

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Tags: Annual Report Limitations, Corporate Transparency, ESG Reporting, Non-Financial Disclosure, Stakeholder Relations
Level: Level 3

Topic: Emerging Trends in Corporate Reporting
Series: NOV 2022

CSME – Nov 2021 – L2 – Q7 – Corporate Ethics Programs

Explanation and purpose of corporate code of ethics and its content for organizations.

Question

It has become common practice among organizations to have a Corporate Code of Ethics.

Required:

a. Explain Corporate Code of Ethics and its purpose. (5 Marks)
b. Provide an outline of the content of Corporate Code of Ethics. (10 Marks)
(Total 15 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Compliance, Corporate Code of Ethics, Ethical Conduct, Stakeholder Relations
Level: Level 2

Topic: Corporate Ethics Programs
Series: NOV 2021

CSEG – Nov 2015 – L2 – Q4c – Corporate governance framework

Explain five issues typically contained in corporate governance reports.

Question

Reporting on corporate governance is one way of ensuring transparency. Based on recent corporate governance concerns, explain FIVE (5) issues that are contained in corporate governance reports. [10marks]

Answer

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Tags: Board reporting, Corporate Governance, Disclosure, Stakeholder Relations, Transparency
Level: Level 2

Topic: Corporate governance framework
Series: NOV 2015

CSEG – May 2019 – L2 – Q4b – Business ethics

Assess the significance of Wakanda Ltd’s CSR stance in addressing the impact of a product contamination crisis.

Question

Wakanda Ltd is a listed multinational company which manufactures and sells fruit juice. Last year, Wakanda Ltd received criticism in the national press in Ghana and in other countries as a lot of customers were hospitalized after purchasing some of its fruit juice which was contaminated. This resulted in low patronage of its products and a huge fine by the Government.

The Board of the company believes in improving relationships with groups such as suppliers, customers, and employees in order to regain its reputation. It has come out with the following corporate social responsibility (CSR) initiatives in order to correct the shortfall in sales:

Paying all bills of hospitalized customers and reducing prices of the products for customers.
Sourcing high-quality raw materials from suppliers and providing suppliers with capital to produce more.
Using efficient processes and motivating staff to give their best.
Maintaining the highest standard of hygiene and complying with the standards issued by the Ghana Standards Board.

Required:
Assess the significance of the CSR stance taken by the Board.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Ethics, Corporate Social Responsibility, Crisis Management, CSR, Stakeholder Relations
Level: Level 2

Topic: Business ethics
Series: MAY 2019

CR – Nov 2022 – L3 – Q5 – Emerging Trends in Corporate Reporting

Discuss the limitations of financial-only disclosures and the value of including non-financial information in annual reports.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Annual Report Limitations, Corporate Transparency, ESG Reporting, Non-Financial Disclosure, Stakeholder Relations
Level: Level 3

Topic: Emerging Trends in Corporate Reporting
Series: NOV 2022

CSME – Nov 2021 – L2 – Q7 – Corporate Ethics Programs

Explanation and purpose of corporate code of ethics and its content for organizations.

Question

It has become common practice among organizations to have a Corporate Code of Ethics.

Required:

a. Explain Corporate Code of Ethics and its purpose. (5 Marks)
b. Provide an outline of the content of Corporate Code of Ethics. (10 Marks)
(Total 15 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Compliance, Corporate Code of Ethics, Ethical Conduct, Stakeholder Relations
Level: Level 2

Topic: Corporate Ethics Programs
Series: NOV 2021

CSEG – Nov 2015 – L2 – Q4c – Corporate governance framework

Explain five issues typically contained in corporate governance reports.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Board reporting, Corporate Governance, Disclosure, Stakeholder Relations, Transparency
Level: Level 2

Topic: Corporate governance framework
Series: NOV 2015

CSEG – May 2019 – L2 – Q4b – Business ethics

Assess the significance of Wakanda Ltd’s CSR stance in addressing the impact of a product contamination crisis.

Question

Paying all bills of hospitalized customers and reducing prices of the products for customers.
Sourcing high-quality raw materials from suppliers and providing suppliers with capital to produce more.
Using efficient processes and motivating staff to give their best.
Maintaining the highest standard of hygiene and complying with the standards issued by the Ghana Standards Board.

Required:
Assess the significance of the CSR stance taken by the Board.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Ethics, Corporate Social Responsibility, Crisis Management, CSR, Stakeholder Relations
Level: Level 2

Topic: Business ethics
Series: MAY 2019

Question Tag: Stakeholder Relations

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CR – Nov 2022 – L3 – Q5 – Emerging Trends in Corporate Reporting

Discuss the limitations of financial-only disclosures and the value of including non-financial information in annual reports.

CSME – Nov 2021 – L2 – Q7 – Corporate Ethics Programs

Explanation and purpose of corporate code of ethics and its content for organizations.

CSEG – Nov 2015 – L2 – Q4c – Corporate governance framework

Explain five issues typically contained in corporate governance reports.

CSEG – May 2019 – L2 – Q4b – Business ethics

Assess the significance of Wakanda Ltd’s CSR stance in addressing the impact of a product contamination crisis.

CR – Nov 2022 – L3 – Q5 – Emerging Trends in Corporate Reporting

Discuss the limitations of financial-only disclosures and the value of including non-financial information in annual reports.

CSME – Nov 2021 – L2 – Q7 – Corporate Ethics Programs

Explanation and purpose of corporate code of ethics and its content for organizations.

CSEG – Nov 2015 – L2 – Q4c – Corporate governance framework

Explain five issues typically contained in corporate governance reports.

CSEG – May 2019 – L2 – Q4b – Business ethics

Assess the significance of Wakanda Ltd’s CSR stance in addressing the impact of a product contamination crisis.

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CR – Nov 2022 – L3 – Q5 – Emerging Trends in Corporate Reporting

Discuss the limitations of financial-only disclosures and the value of including non-financial information in annual reports.

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CSME – Nov 2021 – L2 – Q7 – Corporate Ethics Programs

Explanation and purpose of corporate code of ethics and its content for organizations.

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CSEG – Nov 2015 – L2 – Q4c – Corporate governance framework

Explain five issues typically contained in corporate governance reports.

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CSEG – May 2019 – L2 – Q4b – Business ethics

Assess the significance of Wakanda Ltd’s CSR stance in addressing the impact of a product contamination crisis.

You're reporting an error for "CSEG – May 2019 – L2 – Q4b – Business ethics"

CR – Nov 2022 – L3 – Q5 – Emerging Trends in Corporate Reporting

Discuss the limitations of financial-only disclosures and the value of including non-financial information in annual reports.

You're reporting an error for "CR – Nov 2022 – L3 – Q5 – Emerging Trends in Corporate Reporting"

CSME – Nov 2021 – L2 – Q7 – Corporate Ethics Programs

Explanation and purpose of corporate code of ethics and its content for organizations.

You're reporting an error for "CSME – Nov 2021 – L2 – Q7 – Corporate Ethics Programs"

CSEG – Nov 2015 – L2 – Q4c – Corporate governance framework

Explain five issues typically contained in corporate governance reports.

You're reporting an error for "CSEG – Nov 2015 – L2 – Q4c – Corporate governance framework"

CSEG – May 2019 – L2 – Q4b – Business ethics

Assess the significance of Wakanda Ltd’s CSR stance in addressing the impact of a product contamination crisis.

You're reporting an error for "CSEG – May 2019 – L2 – Q4b – Business ethics"

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