Sustainability Reporting – NBC Institute

CR – Nov 2021 – L3 – Q3 – Sustainability Reporting

Examine financial reporting deficiencies, sustainability reporting, and integrated reporting at Maazi Limited.

Question

Maazi Limited had been in operation for a long time. The management of Maazi Limited would like to make the company’s financial statement look good such that the financial report presented to the shareholders at its Annual General Meeting (AGM) will appear attractive. Unfortunately, this had been an illusion rather than reality. In an effort to reinvigorate the company, Maazi Limited sacked the management and appointed a new Board, chaired by Mr. Gogobiri.

One cardinal point that the new management wishes to pursue is how to make the company responsive to its environment, enhance corporate culture through good corporate governance, and ensure sustainable development.

Required:
As the Chief Finance Officer (CFO) of Maazi Limited, the Chairman of the Board has asked you to critically examine the following:

a. The deficiency in financial reporting of the previous management of the company.
(10 Marks)

b. The concept of sustainability reporting pursued by the present management as comparable with integrated reporting.
(2 Marks)

c. The drawbacks and the benefits of integrated reporting.
(8 Marks)

Answer

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Tags: Corporate Governance, Financial Reporting, Integrated Reporting, Management Deficiencies, Sustainability Reporting
Level: Level 3

Topic: Sustainability Reporting

CR – Nov 2020 – L3 – Q4b – Sustainability Reporting

Advise BETA Company Plc on sustainability strategies to enhance their sustainability report and commitments.

Question

b. The directors of BETA Company Plc sought your opinion on sustainability strategies to be included in the company‘s sustainability report in order to advance their sustainability development in the country.

Required: Advise the Board of Directors on areas to focus on in order to deliver their sustainable development commitments. (7 Marks)

Answer

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Tags: BETA Company Plc, Corporate Governance, Sustainability Strategies, Sustainable Development
Level: Level 3

Topic: Sustainability Reporting

CR – Nov 2020 – L3 – Q4a – Sustainability Reporting

Discuss three developments in Nigeria pressuring listed companies to adopt sustainability reporting.

Question

a. There have been many developments in Nigeria that increasingly put pressure on listed companies to embrace sustainability reporting.

Required: Discuss any THREE of such developments. (7 Marks)

Answer

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Tags: Corporate Governance, Nigeria, Regulatory Developments, Sustainability Reporting
Level: Level 3

Topic: Sustainability Reporting

CR – May 2018 – L3 – SC – Q7 – Sustainability Reporting

Discuss arguments against voluntary environmental disclosures and information required under GRI guidelines.

Question

Some shareholders in Nigeria are becoming increasingly interested in the environmental policies, impacts, and practices of business entities given the activities of some oil and gas and telecommunication companies. However, financial statements have not traditionally provided this information. As a result, there is early indication that some listed companies in Nigeria are beginning to publish sustainability reports complying with the Global Reporting Initiative (“GRI”), an organization set up in 1997, to develop a sustainability reporting framework for businesses. The GRI Sustainability Reporting Guidelines give guidance to entities on how to measure and report on management’s approach to the economic, environmental, and social aspects that impact their businesses.

Required:

a. Identify and explain the principal arguments against voluntary disclosure by business entities of their environmental policies, impacts, and practices.
(8 Marks)

b. Explain the nature of the information that could be disclosed by entities in their external reports concerning the economic, environmental, and social aspects in order to comply with the GRI guidelines.
(7 Marks)

Answer

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Tags: Economic Impact, Environmental Policies, GRI Guidelines, Social responsibility, Sustainability Reporting
Level: Level 3

Topic: Sustainability Reporting
Series: MAY 2018

CR – Nov 2021 – L3 – Q3 – Sustainability Reporting

Examine financial reporting deficiencies, sustainability reporting, and integrated reporting at Maazi Limited.

Question

Required:
As the Chief Finance Officer (CFO) of Maazi Limited, the Chairman of the Board has asked you to critically examine the following:

a. The deficiency in financial reporting of the previous management of the company.
(10 Marks)

b. The concept of sustainability reporting pursued by the present management as comparable with integrated reporting.
(2 Marks)

c. The drawbacks and the benefits of integrated reporting.
(8 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Corporate Governance, Financial Reporting, Integrated Reporting, Management Deficiencies, Sustainability Reporting
Level: Level 3

Topic: Sustainability Reporting

CR – Nov 2020 – L3 – Q4b – Sustainability Reporting

Advise BETA Company Plc on sustainability strategies to enhance their sustainability report and commitments.

Question

Required: Advise the Board of Directors on areas to focus on in order to deliver their sustainable development commitments. (7 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: BETA Company Plc, Corporate Governance, Sustainability Strategies, Sustainable Development
Level: Level 3

Topic: Sustainability Reporting

CR – Nov 2020 – L3 – Q4a – Sustainability Reporting

Discuss three developments in Nigeria pressuring listed companies to adopt sustainability reporting.

Question

a. There have been many developments in Nigeria that increasingly put pressure on listed companies to embrace sustainability reporting.

Required: Discuss any THREE of such developments. (7 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Corporate Governance, Nigeria, Regulatory Developments, Sustainability Reporting
Level: Level 3

Topic: Sustainability Reporting

CR – May 2018 – L3 – SC – Q7 – Sustainability Reporting

Discuss arguments against voluntary environmental disclosures and information required under GRI guidelines.

Question

Required:

a. Identify and explain the principal arguments against voluntary disclosure by business entities of their environmental policies, impacts, and practices.
(8 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Economic Impact, Environmental Policies, GRI Guidelines, Social responsibility, Sustainability Reporting
Level: Level 3

Topic: Sustainability Reporting
Series: MAY 2018

Topic: Sustainability Reporting

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CR – Nov 2021 – L3 – Q3 – Sustainability Reporting

Examine financial reporting deficiencies, sustainability reporting, and integrated reporting at Maazi Limited.

CR – Nov 2020 – L3 – Q4b – Sustainability Reporting

Advise BETA Company Plc on sustainability strategies to enhance their sustainability report and commitments.

CR – Nov 2020 – L3 – Q4a – Sustainability Reporting

Discuss three developments in Nigeria pressuring listed companies to adopt sustainability reporting.

CR – May 2018 – L3 – SC – Q7 – Sustainability Reporting

Discuss arguments against voluntary environmental disclosures and information required under GRI guidelines.

CR – Nov 2021 – L3 – Q3 – Sustainability Reporting

Examine financial reporting deficiencies, sustainability reporting, and integrated reporting at Maazi Limited.

CR – Nov 2020 – L3 – Q4b – Sustainability Reporting

Advise BETA Company Plc on sustainability strategies to enhance their sustainability report and commitments.

CR – Nov 2020 – L3 – Q4a – Sustainability Reporting

Discuss three developments in Nigeria pressuring listed companies to adopt sustainability reporting.

CR – May 2018 – L3 – SC – Q7 – Sustainability Reporting

Discuss arguments against voluntary environmental disclosures and information required under GRI guidelines.

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CR – Nov 2021 – L3 – Q3 – Sustainability Reporting

Examine financial reporting deficiencies, sustainability reporting, and integrated reporting at Maazi Limited.

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CR – Nov 2020 – L3 – Q4b – Sustainability Reporting

Advise BETA Company Plc on sustainability strategies to enhance their sustainability report and commitments.

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CR – Nov 2020 – L3 – Q4a – Sustainability Reporting

Discuss three developments in Nigeria pressuring listed companies to adopt sustainability reporting.

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CR – May 2018 – L3 – SC – Q7 – Sustainability Reporting

Discuss arguments against voluntary environmental disclosures and information required under GRI guidelines.

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CR – Nov 2021 – L3 – Q3 – Sustainability Reporting

Examine financial reporting deficiencies, sustainability reporting, and integrated reporting at Maazi Limited.

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CR – Nov 2020 – L3 – Q4b – Sustainability Reporting

Advise BETA Company Plc on sustainability strategies to enhance their sustainability report and commitments.

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CR – Nov 2020 – L3 – Q4a – Sustainability Reporting

Discuss three developments in Nigeria pressuring listed companies to adopt sustainability reporting.

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CR – May 2018 – L3 – SC – Q7 – Sustainability Reporting

Discuss arguments against voluntary environmental disclosures and information required under GRI guidelines.

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