To Complete the Cycle of CSR Implementation,companies Can Assess and Report

question 47

Essay

To complete the cycle of CSR implementation,companies can assess and report information about their social performance.What are the two main purposes that companies achieve by publishing such reports?

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Definitions:

Adjustment Data

Information used to make changes to accounts for the purposes of accurate financial reporting, such as accruals or deferrals.

Unbilled Consulting Revenue

Revenue earned from consulting services that have been delivered but not yet invoiced to the client.

Depreciation

The allocation of the cost of a tangible asset over its useful life, reflecting its loss of value over time.

Supplies Expense

Costs associated with the consumable items used during a company's operations over an accounting period.