Multi K Accounting

Question 1

EP&L by Kering

Answer 1

To understand where impacts are
> measures the environmental footprint
Then calculâtes its MONETARY VALUE

Question 2

SAM. Sustainability Assessment Model.

Answer 2

Measure the company’s sustainable development performance.by evaluating and monetizing.

Question 3

What is the objective of universal accounting (=multi K accounting)?

Answer 3

Integrate into financial accounting non-financial elements that are currently not considered.

Question 4

Multi K budgeting. 4 stages

Answer 4

-identification
-Information-acquisition
-forecasts
-choose among alternatives
Implementation and control

Question 5

What are the purposes of multi K accounting?

Answer 5

Preserve human and natural K
Evaluate overall performance
It is new decision-making tool
Etc

Question 6

Full cost accounting? Def

Answer 6

Aims to calculate the total costs of production (direct + indirect costs)
Direct cost= related to production process
Indirect cost= consequences of it

Question 7

Limitations of financial accounting that multi-K tries to tackle?

Answer 7

Beyond financial to include natural, social, and human K
Accounting for externalities like environmental and social impacts
Recognizing human K
Encouraging long-term perspective
Etc