Over the past several years it has become increasingly important for firms to improve achievement towards their social and environmental responsibilities.What is the best way the management accountant can help the firm improve on sustainability?
A)Participate in programs of environmental organizations.
B)Develop and implement a legal staff and public relations staff for dealing with sustainability issues that may affect the firm.
C)Develop and implement a sustainability scorecard.
D)Risk management.

Question

Quizplus · Accepted Answer

Developing and implementing a sustainability scorecard is the best way for a management accountant to help the firm improve on sustainability. A sustainability scorecard will measure the firm's efforts towards social and environmental responsibilities, allowing them to track progress and identify areas for improvement. It also helps to communicate these efforts to stakeholders, increasing transparency and accountability. The other options, such as participating in programs of environmental organizations or developing a legal and public relations staff, may be helpful but are less directly related to the role of a management accountant in improving sustainability. Risk management is important but does not necessarily address social and environmental responsibilities.

Over the Past Several Years It Has Become Increasingly Important