Sustainability Accounting and Reporting: The Evolution of Management Accountability
Edition: 1
Copyright: 2022
Pages: 275
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Historically, financial accounting and reporting, presented through financial statements—the income statement, equity statement, balance sheet, and statement of cash flows—provided the chief mechanism for assessing an entity’s investment worthiness. The data from these financial statements, such as earnings per share and other quantitative metrics of business performance, influenced managerial decision-making and the demand for stock. Management was acutely aware of how “the numbers” could impact corporate stock prices. Accordingly, management pursued its goal of maximizing stock price and the associated stockholder wealth by striving to present favorable financial statements, often at costs that were detrimental to the broader society.
Today, market forces, shaped by many stakeholders’ demands to make sustainability concerns a corporate priority, have compelled management to embrace sustainability goals and endeavors. As a result, sustainability accounting and reporting has also become a priority. Sustainability accounting presents a non-financial or qualitative gauge by which corporations are assessed, and stock prices determined. This book explores the evolution from traditional financial accounting and reporting to sustainability accounting and reporting and describes how this evolution has affected management and corporate assessment.
About the Authors
Contributing Author Bio
Book Overview
Chapter 1 Sustainability Accounting and Reporting: Introduction
Chapter 2 Sustainability Management
Chapter 3 Corporate Activities during the Great Depression and World War II
Chapter 4 The Evolution of Accounting: The Great Depression to Sustainability Accounting and Reporting
Chapter 5 Capitalism and Early Sustainability: Examples of Ethical Business Practices
Chapter 6 Accounting, Ethics, and Sustainability — The New Paradigm
Chapter 7 Financial Analysis & Sustainability Accounting and Reporting
Chapter 8 Sustainability Accounting and Reporting & Corporate Investing
Chapter 9 Sustainability Standard Setters, Metrics and Reporting
Chapter 10 Sustainability Accounting and Reporting in a Post-Pandemic World
Appendix I Business Roundtable
Appendix II General Mills – Global Responsibility
Appendix III Gap – Global Sustainability Report
Bibliography
Tracey J. Niemotko, attorney-at-law, certified public accountant and certified fraud examiner is an accounting professor at Marist College in Poughkeepsie, New York. She earned her Bachelor of Science degree in accounting from Fordham University and her Juris Doctor degree from Fordham University School of Law.
Professor Niemotko was recently appointed to the Editorial Review Board of The CPA Journal – a New York State Society of Certified Public Accountants (NYSSCPA) publication. She currently serves as member of the Governing Council of the American Institute of Certified Public Accountants (AICPA) and was recently recognized by Accounting Today as being among the Top 100 Most Influential People in Accounting.
After teaching accounting for many years and observing the same obstacles each semester, Professor Niemotko has written Accounting Basics: A Survival Guide for Students to assist those struggling to learn accounting.
Dr. Tolan began her early career in business management and professional sales in New York’s financial district. In 1992, she began teaching business at Mount Saint Mary College in Newburgh, New York and rose to Professor of Management. For many years, Dr. Tolan also served as the Coordinator of Business Graduate Programs. Since 2013, she has been an elected member of the Board of Directors of the Northeast Business and Economics Association (NBEA), for which she served as Conference Chair / Vice President. She is currently the editor of the proceedings journal for the 2021 conference.
Dr. Tolan’s research and publications focus on how to improve management education. She is also currently working on projects addressing sustainability practices in business. She earned her Ph.D. at the State University of New York at Albany and her BBA and MBA at Iona College in New Rochelle, New York.