This is a draft cheat sheet. It is a work in progress and is not finished yet.
Financial & managerial accounting
The largest difference between the US GAAP (Generally Accepted Accounting
Principles) and IFRS is that IFRS is principle-based while GAAP is rule-based
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Business sustainability
Key drivers: Competition for resources, Climate change, Economic globalisation, Connectivity and communication |
Theories: Corporate social responsibility (CSR); Shareholder value; Stakeholder theory; Stewardship theory; Legitimacy theory |
Reporting: Integral to business sustainability is annual report; TPL (Triple bottom line): economic, environment, social, |
Corporate governance refers to the direction, control and management of an entity |
Code of ethic: Integrity ( straightforward ), objectivity (do not compromise), professional competence and due care, confidentiality, professional behaviour. |
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