The Global Reporting Initiative Is

question 21

Multiple Choice

The Global Reporting Initiative is:

• A)a British-based group with ties to the electricity production industry worldwide, which has as its aim the production of environmental reporting guidelines for electricity producers.
• B)a special group formed under the umbrella of the World Trade Organisation to promote environmental reporting guidelines appropriate for a broad range of entities internationally.
• C)a body sponsored by the International Monetary Fund to develop guidelines for reporting that will enhance the ability of developing countries to raise funds through joint venture arrangements and international capital markets.
• D)a body initially convened by the US-based organisation Coalition for Environmentally Responsible Economies, which has links to business, accountancy, human rights, environmental, labour and government organisations.

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Definitions:

Net Book Value

The value of an asset after accounting for depreciation or amortization, representing its residual value on the balance sheet.

Double Declining-Balance Depreciation

A method of accelerated depreciation that doubles the straight-line rate of depreciation.

Estimated Residual Value

The projected value of an asset at the end of its useful life, used in calculating depreciation.