In this episode we explain the concept of sustainability reporting, detailing its evolution and various frameworks. It examines the triple bottom line, discusses the importance of stakeholder engagement, and provides case studies of companies' responses to sustainability challenges. We also explore different reporting standards, such as the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB), and their impact on corporate social responsibility. Finally, we address future issues in sustainability, including technological advancements and their effect on business practices.
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14:21
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14:21
Module 12 Balanced Scorecard and Other Performance Measures
This episode explains performance measurement systems, focusing on the importance of aligning individual and organizational goals. It details various performance measures, including ROI, residual income, and economic value added, and their applications. We also thoroughly discuss the balanced scorecard, a framework for evaluating performance across financial and nonfinancial dimensions. Finally, we highlight ethical considerations in performance measurement and the importance of using both quantitative and qualitative factors.
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28:00
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28:00
Module 11 Capital Budgeting Decisions
This episode presents various methods for evaluating capital investment projects. It explains non-time value methods, such as the payback method and accounting rate of return, alongside time value methods, including net present value and internal rate of return. We illustrate these methods with numerous examples and compare their strengths and weaknesses, guiding readers through the decision-making process for selecting the most profitable investment opportunities. Finally, we discuss ethical considerations in capital budgeting decisions.
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23:50
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23:50
Module 10 Short-Term Decision Making
This episode of our podcast focuses on short-term business decisions. It explains how to identify relevant information for decision-making, evaluate different alternatives, and choose the best course of action considering quantitative and qualitative factors. We use numerous examples, including special order decisions, make-or-buy decisions, and decisions to keep or discontinue a product line or segment. We also address cost analysis, including sunk, avoidable, and opportunity costs, within the context of resource constraints and bottlenecks.
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23:34
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23:34
Module 9 Responsibility Accounting and Decentralization
In this episode our podcast explores centralized versus decentralized organizational structures, examining their advantages and disadvantages. It details management control systems, emphasizing the importance of strategic and daily decision-making. We further analyze responsibility accounting, differentiating between various responsibility centers (cost, revenue, profit, and investment centers) and the implications for performance evaluation. Finally, we discuss transfer pricing, outlining different approaches and their effects on profitability.
About ACCT2301 - Profit Analisys and Managerial Decision
Welcome to our podcast, your go-to resource for mastering the key concepts and solving the challenges covered in class! Designed specifically for students, this podcast uses AI to break down the topics from your course textbook into clear, concise, and engaging episodes. Each episode is crafted to align with the content we discuss in class, providing you with practical insights, real-world applications, and step-by-step problem-solving strategies. Tune in and take your learning to the next level!
Ireland