Question Tag: Corporate Social Responsibility

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CSME – May 2022 – L2 – SB – Q3 – Environment analysis

Explain the nature, benefits, and key elements of environmental reporting, audits, and Environmental Management Accounting (EMA).

Question

There is a growing concern that organizations should act in a responsible manner to ensure sustainability of their environment. To this end, environmental reporting has become an important part of the reporting obligation of firms. Hence, you have been approached for advice by a manufacturing company that seeks to incorporate environmental reporting into its annual reports. You are to present to the management a report detailing the following:

a. Nature and benefits of environmental reporting. (5 Marks)

i. Key elements of the Sustainability Balanced Scorecard (SBSC) as a measure of a firm’s performance. (2 Marks)
ii. Elements of an environmental audit. (4 Marks)

c. Nature and use of Environmental Management Accounting (EMA). (9 Marks)

Answer

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Tags: Audit, Corporate Social Responsibility, EMA, Environmental Reporting, SBSC
Level: Level 2

Topic: Environment analysis
Series: MAY 2022

CSME – Nov 2016 – L2 – Q3 – Ethics in Business

Evaluate whether the decision to build a retail mega store in Ibadan instead of Lagos is ethical using Tucker's five-question model.

Question

An indigenous company wants to set up a retail mega store in Ibadan, chosen for its population density and lower overhead costs compared to Lagos. In Ibadan, electricity supply is more consistent, and operational costs, including salaries, rent, and transportation, are significantly lower. The move would also result in less environmental impact due to reduced diesel generator use. The local government has approved the project, which will create jobs both during construction and after the store’s completion.

Required:
Using Tucker’s five-question model for ethical decision-making, determine whether the decision to build the store in Ibadan rather than Lagos is ethical. (20 Marks)

Answer

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Tags: Business Strategy, Corporate Social Responsibility, Ethical Decision-making, Tucker's Model
Level: Level 2

Topic: Ethics in Business
Series: NOV 2016

CSME – Nov 2019 – L2 – Q4a – Corporate Social Responsibility (CSR)

Discusses the environmental and social impacts created by organizations in their pursuit of economic wealth.

Question

a) In their quest to create economic wealth, business organizations leave environmental and social footprints.

Required:
Discuss environmental and social footprints of organizations. (10 Marks)

Answer

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Tags: Corporate Social Responsibility, Environmental Footprint, Social Impact
Level: Level 2

Topic: Corporate social responsibility
Series: NOV 2019

CSME – Nov 2021 – L2 – Q3 – Corporate Social Responsibility (CSR)

Discuss the nature of CSR, its theories, aspects, and implementation steps for the company.

Question

At the last board meeting of a company, there was a heated argument about whether or not the company should have Corporate Social Responsibility (CSR) programmes. Some members of the board see CSR as a waste of resources, while others see it as a tool for achieving organizational goals.

Required:
a.
i. What is Corporate Social Responsibility (CSR)? (2 Marks)
ii. Explain stakeholders and shareholders theories on CSR. (2 Marks)

b. Explain to the board FIVE aspects of CSR. (10 Marks)

c. Advise the company on steps to be taken in implementing a CSR policy. (6 Marks)

Answer

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Tags: Corporate Social Responsibility, CSR Implementation, Shareholders, Stakeholders
Level: Level 2

Topic: Corporate social responsibility
Series: NOV 2021

CSME – May 2019 – L2 – Q3b – Corporate Social Responsibility (CSR)

Draft CSR implementation steps and highlight the importance of sustainable development to society.

Question

i) Draft a recommendation on the steps to be taken by a company in the implementation of a Corporate Social Responsibility (CSR) policy. (12 Marks)
ii) Present ‘Sustainable Development’ in a way that highlights its importance to society. (3 Marks)

Answer

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Tags: Corporate Social Responsibility, Implementation Steps, Social Impact, Sustainable Development
Level: Level 2

Topic: Corporate social responsibility
Series: MAY 2019

SCS – Dec 2022 – L3 – Q6b – Ethics and social responsibility

Analysis of child labour using deontological and teleological ethical theories.

Question

The Board chairman and the CEO have disagreed on whether the use of child labour by the distributors and continuous supply of the company’s products to the affected distributors is ethically wrong. The two have approached you as an expert in ethics to determine which of the positions is correct.

Required:

Using the two main theories of ethics, deontological theory and teleological theory, determine whether child labour is ethically wrong. (10 marks)

Answer

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Tags: child labour, Corporate Social Responsibility, deontological theory, Ethics, teleological theory
Level: Level 3

Topic: Ethics and social responsibility
Series: DEC 2022

CSME – Mar/Jul 2020 – L2 – Q3 – CSR Policy Debate, Ethical Stances, and Cultural Web

Analyze ethical stances using Grey, Owen, and Adams framework and explain board members' ethics using Johnson and Scholes' cultural web.

Question

At a recently held board meeting of your company, there was a heated argument about the need to have a corporate social responsibility (CSR) policy. While some viewed CSR as a complete waste of resources, others viewed it as an absolute necessity.

Required:
a. With the aid of the Grey, Owen, and Adams 7-point classification, analyze the possible ethical stances that could be taken by members of the board. (12 Marks)

b. Using the Johnson and Scholes cultural web, explain the elements that shape board members’ understanding of corporate ethics. (8 Marks)

(Total 20 Marks)

Answer

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Tags: and Adams, Corporate Social Responsibility, Grey, Johnson and Scholes Cultural Web, Owen
Level: Level 2

Topic: Ethics
Series: MAR/JULY 2020

CSEG – Nov 2015 – L2 – Q5c – Corporate social responsibility

Define sustainability and explain the concept of the triple bottom line with relevant examples.

Question

What is meant by sustainability? Using relevant examples, explain the concept of the triple bottom line.

Answer

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Tags: Corporate Social Responsibility, Environmental management, Triple bottom line
Level: Level 2

Topic: Corporate social responsibility
Series: NOV 2015

CSEG – Nov 2018 – L2 – Q2b – Corporate social responsibility

Discuss how CSR initiatives by a large public company could contribute to the long-term benefits of the company.

Question

Sampa Ltd is a large local fast-moving consumer goods company with many well-known branded products. It imports raw materials for its products from several countries, and all its manufacturing operations are based in Ghana. The financial performance of the company has been declining due to an economic downturn.

The CEO thinks that the economic recession will make all companies focus on profitability and that concerns about corporate social responsibility (CSR) will lessen. He has always held the view that CSR provided some public relations benefits but that it has no effect on the financial performance of companies or their share price.

Required:

Discuss how CSR initiatives by a large public company could contribute to the long-term benefits of the company. (10 marks)

Answer

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Tags: Corporate Social Responsibility, Ethical Investments, Long-Term Benefits, Public Relations
Level: Level 2

Topic: Corporate social responsibility
Series: NOV 2018

MA – May 2021 – L2 – Q2a – Other aspects of performance measurement

Identify and explain consequences of environmentally unfriendly corporate practices on profits.

Question

a) The Climate Adaptation Summit (CAS 2021) sought to tackle head on, the imminent catastrophe, which, the unattended climate change can unleash on the world. This is perceived to be more disastrous than the COVID-19 pandemic. So far, accountants have not agreed on how to quantify damages caused to the environment by a company’s operations in the accounts unless they come in the form of a fine.

Required:
Identify and explain FOUR (4) consequences of environmentally unfriendly practices of corporate entities that may negatively influence their profits. (5 marks)

Answer

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Tags: Corporate Social Responsibility, Environmental impact, Profit Impact
Level: Level 2

Topic: Other Aspects of Performance Measurement
Series: MAY 2021

CSEG – May 2019 – L2 – Q6b – Business ethics

Discuss the importance of incorporating business ethics and sustainability into Apusco’s strategic management activities.

Question

Apusco is an indigenous multinational mining company which undertakes a wide range of mining projects around the world. Apusco has to work with many other organizations and government agencies in order to manage pollution and protection of the environment. Apusco’s mission statement states that ‘The basis of our company is built on the values of conducting business in a socially responsible and ethical manner. We respect the law, protect the environment, and embark on developmental projects in the community.’

Apusco’s values are included within its Ethical Code of Conduct. Apusco places high emphasis on its ethical and sustainable business practices. It involves employees, suppliers, and the members of local communities in which it operates in its strategic management processes. All these stakeholders are fully trained by Apusco in the Ethical Code of Conduct and they are expected to adhere to it.

Required:
Discuss FIVE (5) importance to Apusco for incorporating business ethics and sustainability into its strategic management activities.

Answer

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Tags: Business Ethics, Corporate Social Responsibility, Governance, Strategic Management, Sustainability
Level: Level 2

Topic: Business ethics
Series: MAY 2019

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

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

Topic: Business ethics
Series: MAY 2019

CSEG – May 2016 – L2 – Q5a – Corporate social responsibility

Make a case for Corporate Social Responsibility (CSR) to help a petroleum company's board formulate an appropriate CSR strategy, focusing on benefits and rationale.

Question

You have recently been appointed head of corporate affairs of a reputable company that operates in the upstream sector of the petroleum industry in Ghana. In a recent management meeting, a disagreement arose among executives regarding the nature of the company’s philosophy and strategy towards social responsibility. In order to resolve the disagreement, you have been asked by the company’s board of directors to submit a position paper that will enable it to formulate an appropriate corporate social responsibility strategy for the company.

Required: In a brief report to the board, make a clear case for Corporate Social Responsibility (CSR) to help your company’s board formulate an appropriate CSR strategy.

Answer

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Tags: Brand reputation, Corporate Social Responsibility, CSR strategy, Stakeholder Management, Sustainability
Level: Level 2

Topic: Corporate social responsibility
Series: MAY 2016

AAA – July 2023 – L3 – Q5b – Assurance services | Current issues

Explains appropriate audit procedures for Corporate Social Responsibility (CSR) reports, focusing on assessing impact and stakeholder engagement.

Question

Corporate Social Responsibility (CSR) is the hallmark of every well managed entity. In some cases, cost of CSR may not involve actual expenditure.

Required:

Explain THREE (3) appropriate procedures for audit engagements for CSR reports. (5 marks)

Answer

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Tags: Audit Procedures, Corporate Social Responsibility, CSR Auditing, Non-financial Auditing
Level: Level 3

Topic: Assurance services, Current issues
Series: JULY 2023

CSEG – Nov 2017 – L2 – Q3a – Corporate social responsibility

Explain the stances of corporate social responsibility: Enlightened self-interest and Multiple stakeholder obligations.

Question

Different organizations take different stances on corporate social responsibility (CSR), which will be reflected in how they manage such responsibilities. The stance taken normally reflects the extent of inclusion of stakeholders’ interests.

Required:

Explain each of the following CSR stances:

Enlightened self-interest
Multiple stakeholder obligation (8 marks)

Answer

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Tags: Corporate Social Responsibility, Enlightened Self-interest, Stakeholder Obligations
Level: Level 2

Topic: Corporate social responsibility
Series: NOV 2017

BMIS – Jul 2023 – L1 – Q1a – Professional ethics in accounting and business

Outlines ethical obligations of a company towards employees, customers, shareholders, suppliers, and the community.

Question

The basis for assessing excellent company performance is gradually moving away from profitability to how ethical the company operates and treats its stakeholders.

Required:
Outline TWO (2) ethical obligations of a company towards the following stakeholders.
i) Employees (2 marks)
ii) Customers (2 marks)
iii) Shareholders (2 marks)
iv) Suppliers (2 marks)
v) Community (2 marks)

Answer

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Tags: Corporate Social Responsibility, Ethics, Stakeholder Management
Level: Level 1

Topic: Professional ethics in accounting and business
Series: JULY 2023

BMIS – Nov 2020 – L1 – Q1a – The business organisation and its stakeholders

Explains the advantages of converting to a public limited company, corporate social responsibility, and examples of socially responsible projects.

Question

Mr. Steve Ansah and his wife Betty, who have successfully operated SteveBetty Co. Ltd, a Private Limited Liability Company, over the last several years, are considering converting it into a Public Limited Liability Company and have approached you as a Corporate Planning Analyst for your advice.

i) Explain to them THREE (3) advantages associated with converting to a Public Limited Liability Company.
(6 marks)

ii) Explain Corporate Social Responsibility to the management of SteveBetty Co. Ltd.
(2 marks)

iii) State TWO (2) examples of socially responsible projects that SteveBetty Co. Ltd can engage in.
(2 marks)

Answer

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Tags: Corporate Social Responsibility, Organizational Structure, Public Limited Company
Level: Level 1

Topic: The Business Organisation and its Stakeholders
Series: NOV 2020

Question Tag: Corporate Social Responsibility

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CSME – May 2022 – L2 – SB – Q3 – Environment analysis

Explain the nature, benefits, and key elements of environmental reporting, audits, and Environmental Management Accounting (EMA).

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CSME – Nov 2016 – L2 – Q3 – Ethics in Business

Evaluate whether the decision to build a retail mega store in Ibadan instead of Lagos is ethical using Tucker's five-question model.

You're reporting an error for "CSME – Nov 2016 – L2 – Q3 – Ethics in Business"

CSME – Nov 2019 – L2 – Q4a – Corporate Social Responsibility (CSR)

Discusses the environmental and social impacts created by organizations in their pursuit of economic wealth.

You're reporting an error for "CSME – Nov 2019 – L2 – Q4a – Corporate Social Responsibility (CSR)"

CSME – Nov 2021 – L2 – Q3 – Corporate Social Responsibility (CSR)

Discuss the nature of CSR, its theories, aspects, and implementation steps for the company.

You're reporting an error for "CSME – Nov 2021 – L2 – Q3 – Corporate Social Responsibility (CSR)"

CSME – May 2019 – L2 – Q3b – Corporate Social Responsibility (CSR)

Draft CSR implementation steps and highlight the importance of sustainable development to society.

You're reporting an error for "CSME – May 2019 – L2 – Q3b – Corporate Social Responsibility (CSR)"

SCS – Dec 2022 – L3 – Q6b – Ethics and social responsibility

Analysis of child labour using deontological and teleological ethical theories.

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CSME – Mar/Jul 2020 – L2 – Q3 – CSR Policy Debate, Ethical Stances, and Cultural Web

Analyze ethical stances using Grey, Owen, and Adams framework and explain board members' ethics using Johnson and Scholes' cultural web.

You're reporting an error for "CSME – Mar/Jul 2020 – L2 – Q3 – CSR Policy Debate, Ethical Stances, and Cultural Web"

CSEG – Nov 2015 – L2 – Q5c – Corporate social responsibility

Define sustainability and explain the concept of the triple bottom line with relevant examples.

You're reporting an error for "CSEG – Nov 2015 – L2 – Q5c – Corporate social responsibility"

CSEG – Nov 2018 – L2 – Q2b – Corporate social responsibility

Discuss how CSR initiatives by a large public company could contribute to the long-term benefits of the company.

You're reporting an error for "CSEG – Nov 2018 – L2 – Q2b – Corporate social responsibility"

MA – May 2021 – L2 – Q2a – Other aspects of performance measurement

Identify and explain consequences of environmentally unfriendly corporate practices on profits.

You're reporting an error for "MA – May 2021 – L2 – Q2a – Other aspects of performance measurement"

CSEG – May 2019 – L2 – Q6b – Business ethics

Discuss the importance of incorporating business ethics and sustainability into Apusco’s strategic management activities.

You're reporting an error for "CSEG – May 2019 – L2 – Q6b – Business ethics"

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"

CSEG – May 2016 – L2 – Q5a – Corporate social responsibility

Make a case for Corporate Social Responsibility (CSR) to help a petroleum company's board formulate an appropriate CSR strategy, focusing on benefits and rationale.

You're reporting an error for "CSEG – May 2016 – L2 – Q5a – Corporate social responsibility"

AAA – July 2023 – L3 – Q5b – Assurance services | Current issues

Explains appropriate audit procedures for Corporate Social Responsibility (CSR) reports, focusing on assessing impact and stakeholder engagement.

You're reporting an error for "AAA – July 2023 – L3 – Q5b – Assurance services | Current issues"

CSEG – Nov 2017 – L2 – Q3a – Corporate social responsibility

Explain the stances of corporate social responsibility: Enlightened self-interest and Multiple stakeholder obligations.

You're reporting an error for "CSEG – Nov 2017 – L2 – Q3a – Corporate social responsibility"

BMIS – Jul 2023 – L1 – Q1a – Professional ethics in accounting and business

Outlines ethical obligations of a company towards employees, customers, shareholders, suppliers, and the community.

You're reporting an error for "BMIS – Jul 2023 – L1 – Q1a – Professional ethics in accounting and business"

BMIS – Nov 2020 – L1 – Q1a – The business organisation and its stakeholders

Explains the advantages of converting to a public limited company, corporate social responsibility, and examples of socially responsible projects.

You're reporting an error for "BMIS – Nov 2020 – L1 – Q1a – The business organisation and its stakeholders"

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