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 KC5 Assignment Guide and Support Infor-July 2016 Exam

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Admin
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PostSubject: KC5 Assignment Guide and Support Infor-July 2016 Exam   Mon Mar 28, 2016 4:11 pm

Please put any new discussion points relating to your assignment under this topic.


Thanks


Last edited by Admin on Sun Sep 11, 2016 8:06 pm; edited 1 time in total
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PostSubject: Re: KC5 Assignment Guide and Support Infor-July 2016 Exam   Mon Mar 28, 2016 10:02 pm

Please refer below link to access GRI Documents (Three Documents)


https://www.dropbox.com/home/KC5/Assignment


Last edited by Admin on Tue Mar 29, 2016 9:02 am; edited 1 time in total
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PostSubject: Re: KC5 Assignment Guide and Support Infor-July 2016 Exam   Mon Mar 28, 2016 11:41 pm

Sustainability Integration Process- Some Factors to Consider in your analysis

Integration of Sustainability to Business/Culture


1. Two forms of influence are working simultaneously to embed sustainability into mainstream decision-making, accounting and reporting:
> Market pull (investors seeking ‘responsible investment’)
> Organisational push (change being driven from within businesses).
Consider which is more applicable or is it the both?

Governance & Strategy
2. Commitment of BOD and Senior Management
3. Whether sustainability related strategies are included in Corporate plan?
4. How does it flow to individual employees? Is there a KPI system in place?
5. Is it considered in performance evaluation of individual employees?
The above will help to create a culture that care about sustainable business practices.
6. Whether business has established policies for sustainable business practices, and communicate them across the organization.


Employee Engagement and Sustainable Leadership
6. How do they treat employees? Have they been given enough facilities (Free Food/Transportation/Training)?
7. Whether sustainability is driven by a central team or respective line managers
8. How is employee engagement?
9. Have they established cross-functional teams to assist in implementing and continually improving
sustainable business practices
10. Do they consider the environmental, social and ethical, as well as financial, implications of each
proposed transaction?

Link with supply Chain
11. Is there a process in place to ensure supply chain (Suppliers/ Logistic and Customers) is also concentrating on Sustainability aspects

Reporting
12. Is there a measurement system in place?
13. Who takes the responsibility to report findings regularly? Is it Finance that does everything or Finance just do compiling of information collected from divisions?
14.Is there a regular review process?
15. How does findings get linked to Risk management process
16. Does the reporting happen on voluntary basis or is it a forceful act?
17. Have they got two set of reports, one for internal and other for external, which duplicates the work?
18. Have they established capex and investment policies and business cases, including a requirement to formally assess the social and environmental, as well as economic, implications of a proposed transaction

Integration of Three Pillars

19. Also important to understand integration of three Pillars of Sustainability (Economic, Environment and Social)

20. Is there a Sustainability Balanced Scorecard (SBSC) available?

Also you will have to consider the following sections of GRI relating to stakeholder engagement:

GR 24 to 27.
Refer DIMO annual report (14/15) pages 27 to 31


Last edited by Admin on Wed Mar 30, 2016 9:08 am; edited 2 times in total
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nirosha darshani



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PostSubject: Re: KC5 Assignment Guide and Support Infor-July 2016 Exam   Tue Mar 29, 2016 6:30 am

Sir,

I tired to access the link for GRI documents but it is not possible.

Please check it

Nirosha Peiris
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PostSubject: Re: KC5 Assignment Guide and Support Infor-July 2016 Exam   Tue Mar 29, 2016 9:03 am

Please check the above link now.
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PostSubject: Re: KC5 Assignment Guide and Support Infor-July 2016 Exam   Tue Mar 29, 2016 9:41 am

Sustainability and role of management accountant.

This document may provide some insight about role of accountant and sustainability practices

https://www.dropbox.com/home/KC5/Assignment/Support%20Doc?preview=Sustainability+and+Role+of+Mgt+Accountant.pdf
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PostSubject: Re: KC5 Assignment Guide and Support Infor-July 2016 Exam   Tue Mar 29, 2016 2:07 pm

Organizational Risk Management- Food for Thought

Sustainability has moved far from the realms of ‘green activism’: it is now part of mainstream societal values and as such an accepted element of corporate strategy. Financial approaches to sustainability are moving from fear of incurring extra costs to serious consideration of the costs of not taking action. What is clear from the case studies in this document is that:
> Sustainability-related risk is not standalone anymore but central to strategy
> Each organisation is different in terms of its sustainable business risks and opportunities
> Sustainability can improve the financial bottom line –it is not a cost burden
> The accounting and reporting team needs to take a lead role in identifying and addressing sustainability-related risk and opportunity


Key stakeholders are seeking to prevent a repeat of the Global Financial Crisis (GFC), and so are tightening the rules and demanding additional information on business performance, including
on each organisation’s response to risks and opportunities arising from global mega-trends (or challenges) like climate change, population growth and urbanisation.

(Source: Integrating sustainability into business practices: a case study approach by CA Australia)

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PostSubject: Re: KC5 Assignment Guide and Support Infor-July 2016 Exam   Tue Mar 29, 2016 10:16 pm


COSO-ERM-demystifying sustainability risk


https://www.dropbox.com/home/KC5/Assignment/Support%20Doc?preview=coso-erm+demystifying+sustainability+risk.pdf
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PostSubject: Re: KC5 Assignment Guide and Support Infor-July 2016 Exam   Wed Mar 30, 2016 9:05 am

Risk-  Relevant Sections in GRI (GRI Reporting Principles and Standard Disclosure)


G4- 2
Refer Page 27 to 30 of DIMO 2014/2015 annual report to get practical aspect
Also pages 82 to 86

G4- 45 to 47
G4- EC2




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PostSubject: Re: KC5 Assignment Guide and Support Infor-July 2016 Exam   Wed Mar 30, 2016 1:02 pm

The following document will provide you some guidance to your report writing.

Please refer format instructions and Reference sections given by CA.

Below link provide you additional support information on
how to write an introduction,
Importance of having a logic, rational and flow
how to present figures, graphs, illustrations
how to write a recommendation and conclusion
how to structure a paragraph
How do we select what to present on the body/annexure

https://www.dropbox.com/home/KC5/Assignment/Support%20Doc?preview=VBS-report-writing-guide-2013-July.pdf
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bnnuwan



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PostSubject: Re: KC5 Assignment Guide and Support Infor-July 2016 Exam   Wed Mar 30, 2016 10:37 pm

When i go to the drop box links it shows as " The folder ‘/KC5/Assignment/Support Doc’ doesn’t exist."
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madusha



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PostSubject: Re: KC5 Assignment Guide and Support Infor-July 2016 Exam   Wed Mar 30, 2016 11:09 pm

I'm having the same issue like bnnuwan posted earlier.
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Shalini



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PostSubject: Re: KC5 Assignment Guide and Support Infor-July 2016 Exam   Wed Mar 30, 2016 11:44 pm

I also had the same issue.. But there is an alternative way, without directly clicking on the link just copy the link from where the equal sign starts and paste it on the search bar then you can go to that link...

For example on the above link just copy "VBS-report-writing-guide-2013-July.pdf"

Try this out for now, I hope Sir will fix it soon...
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heshanak



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PostSubject: Re: KC5 Assignment Guide and Support Infor-July 2016 Exam   Wed Mar 30, 2016 11:52 pm

Did you press "Download" tab on the top right hand corner?

Please let me know whether issue continues..
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madusha



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PostSubject: Re: KC5 Assignment Guide and Support Infor-July 2016 Exam   Thu Mar 31, 2016 1:15 am

Sorry sir, there is no "download" tab on the top right hand corner to press, issue still continues.
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nirosha darshani



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PostSubject: Re: KC5 Assignment Guide and Support Infor-July 2016 Exam   Thu Mar 31, 2016 5:23 am

I also had the same issue.. But I did it as Shalini's said way and go to that doc.
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Ivantha



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PostSubject: Clarification about the assignment   Thu Mar 31, 2016 10:06 am

Dear Sir,
At the workshop held at CA Sri Lanka on last Monday, they indicated that student shall prepare “Sustainability Report” for manufacturing Sector Company, which is similar to the report produced by listed company to their stakeholders. However, according to my understanding of the assignment, student shall prepare a report to the board by clarifying how Sustainability reporting (based on GRI initiatives) and risk management can be integrated with existing reporting system. Please guide me what is correct.

Thanks
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sachini



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PostSubject: Re: KC5 Assignment Guide and Support Infor-July 2016 Exam   Thu Mar 31, 2016 7:41 pm

Sir I am in a doubt about what kind of information do I need to gather from the selected enmity? ??
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PostSubject: Re: KC5 Assignment Guide and Support Infor-July 2016 Exam   Thu Mar 31, 2016 9:16 pm

sachini wrote:
Sir I am in a doubt about what kind of information do I need to gather from the selected enmity? ??

Gather as much as possible relating to sustainability related information and risk management methodology of the business. Please refer above areas (around 25) as a guide.

If they don't have a separate sustainability initiative you need see what information can be extracted from current practices. They will not be able to explain their practices as sustainability initiatives if they don't have that idea. It is you who need to identify.

Also you can suggest improvement opportunities in your report.
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PostSubject: Re: KC5 Assignment Guide and Support Infor-July 2016 Exam   Thu Mar 31, 2016 9:21 pm

Ivantha wrote:
Dear Sir,
At the workshop held at CA Sri Lanka on last Monday, they indicated that student shall prepare “Sustainability Report” for manufacturing Sector Company, which is similar to the report produced by listed company to their stakeholders. However, according to my understanding of the assignment, student shall prepare a report to the board by clarifying how Sustainability reporting (based on GRI initiatives) and risk management can be integrated with existing reporting system. Please guide me what is correct.

Thanks

As per the question you need to write "sustainability integration" and "Risk Management aspect" specifically.
When you write a report on these two areas, you will have to cover all the main areas coming under GRI reporting.
(Please refer DIMO example sighted above)
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PostSubject: Re: KC5 Assignment Guide and Support Infor-July 2016 Exam   Thu Mar 31, 2016 9:49 pm

Admin wrote:
Ivantha wrote:
Dear Sir,
At the workshop held at CA Sri Lanka on last Monday, they indicated that student shall prepare “Sustainability Report” for manufacturing Sector Company, which is similar to the report produced by listed company to their stakeholders. However, according to my understanding of the assignment, student shall prepare a report to the board by clarifying how Sustainability reporting (based on GRI initiatives) and risk management can be integrated with existing reporting system. Please guide me what is correct.

Thanks

As per the question you need to write "sustainability integration" and "Risk Management aspect" specifically.
When you write a report on these two areas, you will have to cover all the main areas coming under GRI reporting.
(Please refer DIMO example sighted above)

Others, Please share your ideas/thoughts...... There is no competition here...
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Ivantha



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PostSubject: Re: KC5 Assignment Guide and Support Infor-July 2016 Exam   Fri Apr 01, 2016 2:31 pm

Dear Sir,

I suppose having a questionnaire to collect sustainability and risk management aspects about the selected entity may be more beneficial. Is that so?

Still I’m not quite sure about the meaning of “Sustainability Integration Process”. According to my understanding, it may be one of following.
1.How we can integrate “Sustainability” in to company’s operation practically; or
2.How we can integrate “Sustainability Reporting” part in to company’s general reporting process; or
3.What is the present context of the company, in relation to sustainability, both in operation & reporting?

Thus, can you explain exact meaning of it?

Thanks
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PostSubject: Re: KC5 Assignment Guide and Support Infor-July 2016 Exam   Fri Apr 01, 2016 9:51 pm

Ivantha wrote:
Dear Sir,

I suppose having a questionnaire to collect sustainability and risk management aspects about the selected entity may be more beneficial. Is that so?

Still I’m not quite sure about the meaning of “Sustainability Integration Process”. According to my understanding, it may be one of following.
1.How we can integrate “Sustainability” in to company’s operation practically; or
2.How we can integrate “Sustainability Reporting” part in to company’s general reporting process; or
3.What is the present context of the company, in relation to sustainability, both in operation & reporting?

Thus, can you explain exact meaning of it?

Thanks

Sustainability Integrated reporting to happen, you need integrated thinking and culture. Otherwise it will merely be a copy and paste document. It should start with Board of Directors (decide integrated strategy, i.e. change in thinking from financial focus to one that consider all important aspects such as environment/society) and then to senior management and finally employees. So it is both.. more importantly number one, the second is tool that is used to communicate results of number one.
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PostSubject: Re: KC5 Assignment Guide and Support Infor-July 2016 Exam   Sun Apr 03, 2016 7:01 am

Please refer below link

http://www.cimaglobal.com/Documents/Thought_leadership_docs/Sustainability%20and%20Climate%20Change/Management%20control_sustainability-strategy.pdf

Also you may find the following useful:
Sustainability and role of the management accountant- (http://bit.ly/15CVQx9)
CIMA publications
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Priyantha



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PostSubject: Re: KC5 Assignment Guide and Support Infor-July 2016 Exam   Mon Apr 04, 2016 5:17 am

Dear sir,
As per the assignmemt marking guide ,they want to understand the issue & analyse it.that means we have to identify one issue & explain how it effects to the integration process & risk management without explaining in detailed analysis of entire intergration process & risk management of the company
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