Natural Capital and the Accountancy Proffesion: Applying traditional skills to new thinking and practice

INSTITUTE OF CHARTERED ACCOUNTANT GHANA, ICAG

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dc.contributor.author	INSTITUTE OF CHARTERED ACCOUNTANT GHANA, ICAG
dc.date.accessioned	2022-11-21T16:09:25Z
dc.date.available	2022-11-21T16:09:25Z
dc.date.issued	2016-07
dc.identifier.uri	http://41.66.247.10:8080/xmlui/handle/123456789/649
dc.description	The International Accounting Standards Board (IASB) has issued amendments to IFRS 2 Share-based Payment, clarifying how to account for certain types of share-based payment transactions. The amendments address several requests that the IASB and the IFRS Interpretations Committee received. Respondents asked for clarification on: the accounting for cash-settled share-based payment transactions that include a performance condition; the classification of share-based payment transactions with net settlement features; and the accounting for modifications of share-based payment transactions from cash-settled to equitysettled. Classification and Measurement of S h a r e - b a s e d P a y m e n t Tr a n s a c t i o n s (Amendments to IFRS 2) contains the following clarifications and amendments:	en_US
dc.description.abstract	Corporate culture is emerging as a critical issue for effective governance and performance. In many situations this uniqueness in culture explains why many organizations try and implement process improvements developed by successful companies, yet don't achieve the same results. The result is often millions of dollars invested and wasted in ideas that fail to deliver the desired returns. The writer indicated that culture is unique and every organisation has to develop its own culture over time which will propel it to achieve its objectives and beat out the competition. The challenge for many accountants is to acknowledge that culture is strongly related to the soft skills that impact relationships both internally and externally. While professional accountants must develop their soft skills for personal career reasons—such as their ability to interact with others and influence decision making—this need extends across the whole organization and must be part of its expected behaviour. Growing interest, among businesses, investors, governments and wider society, in the concept of natural capital accounting is, driving a range of initiatives, developing tools, and frameworks for entities and advisers. Natural capital impacts and dependencies, risks and opportunities, are being seen increasingly as potentially material issues that businesses and investors should manage. This has direct relevance for the accountancy profession. Not only can members of the profession play a part in developing common approaches to natural capital accounting, but they can also help to embed its application in business decision making. This paper which is the lead article, focuses on the role that accountants are playing in the development of thinking, practice, and frameworks for accounting for and reporting on natural capital by businesses.	en_US
dc.description.sponsorship	ICAG	en_US
dc.language.iso	en_US	en_US
dc.publisher	ICAG LIBRARY	en_US
dc.subject	Natural Capital and the Accountancy Proffesion: Applying traditional skills to new thinking and practice ICAG LIBRARY NYARKO TWUM OSBORN ERNEST YAW DENKYIRA	en_US
dc.title	Natural Capital and the Accountancy Proffesion: Applying traditional skills to new thinking and practice	en_US
dc.title.alternative	Natural Capital and the Accountancy Proffesion: Applying traditional skills to new thinking and practice	en_US