Incorporating Sustainability Issues Into The Financial Accounting Curriculum

Haskin, Daniel L.; Burke, Megan

doi:10.19030/ajbe.v9i2.9611

Cited by 5 publications

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“…Consequently, financial accounting standards can be viewed as primarily concerned with the financial assets of the company. Non-financial assets such as environmental and social capital are given little recognition in these standards (Haskin and Burke, 2016). However, recent decades have witnessed many events, including the financial scandals that led to the collapse of some large companies (e.g.…”

Section: Introductionmentioning

confidence: 99%

Sustainability and accounting education: perspectives of undergraduate accounting students in Saudi Arabia

Ebaid

2021

JARHE

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PurposeThe purpose of this study is to explore undergraduate accounting students' perceptions and understanding of the concept of sustainable development. Moreover, this study aims to explore students' perceptions of the integration of sustainable development issues in accounting education in Saudi Arabia as an emerging country.Design/methodology/approachA questionnaire survey was administered to a sample of accounting students from four Saudi universities. The questionnaire contained five groups of questions aimed at exploring the extent of students' awareness and understanding of the concept of sustainable development, their perceptions of the importance of sustainable development for society, their perceptions of the important role of accounting in sustainable development, their satisfaction with the level of integrating sustainable development issues in accounting education at the present time and their opinions about the appropriate approach to integrate sustainable development issues in accounting education.FindingsThe findings of the study revealed that although most of the students have heard about the concept of sustainable development from the media and perceive the importance of sustainable development for society, they have a low level of understanding of this concept due to the apparent weakness in integrating sustainable development issues in accounting education in Saudi universities. Students were unsatisfied with the sustainable development learning offered by Saudi universities. They also showed a positive attitude toward integrating sustainable development issues in their accounting education. They suggested that the appropriate approach to integrate sustainable development issues in accounting education is to treat these issues in the relevant courses included in their current accounting curricula.Practical implicationsThe results of this study provide indications to the administrators of Saudi universities to start developing accounting curriculum to integrate sustainable development issues into accounting education. This will result in an increase in the effectiveness of the role of these universities in achieving the goals of the Saudi Vision 2030.Originality/valueThis study contributes to the existing literature concerning how students perceive sustainable development education by focusing on the accounting students in Saudi Arabia as context that has not previously examined.

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Section: Introductionmentioning

confidence: 99%

Sustainability and accounting education: perspectives of undergraduate accounting students in Saudi Arabia

Ebaid

2021

JARHE

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“…More so, the conventional accounting system fails to recognize environmental sustainability disclosure whereas its disclosure is the act of disclosing organizations' environmental positive impacts in its operating environment [25]. Furthermore, companies' annual financial report does not provide sufficient information for stakeholders to make informed decision [39]. The financial reporting was designed to provide only financial information for economic decision making without considering the effects of company on its business environment [79].…”

Section: Introductionmentioning

confidence: 99%

“…Financial reporting does not provide sufficient information for stakeholders to make an informed decision [39]. It is presently incomplete and not reliable because there is no adequate information to infer on the morality of companies towards society development, to appreciate the interrelation between the accomplishment of the company and its impact on its operating environment [79].…”

Section: Introductionmentioning

confidence: 99%

Corporate Governance and Environmental Sustainability Disclosure in Non-financial Companies Quoted in Nigeria

Oyekale¹,

Olaoye²,

Nwaobia³

2022

JFA

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Environmental sustainability performance and its disclosure are not company's primary objectives rather are practices that lift the reputation of company in society. Environmental sustainability disclosure is not mandatory by accounting standards; however, information on environmental sustainability is of interest to various stakeholders for informed decision making. Financial reporting does not provide sufficient information for stakeholders to make an informed decision. It is with a view to addressing this concern that the study investigated the impact of corporate governance on environmental sustainability disclosure of non-financial companies quoted in Nigeria. Ex-post facto research design was adopted for the study. The population was 109 non-financial companies quoted in Nigeria as at 31 December, 2020. Stratified and purposive sampling techniques were used to select a sample of 72 non-financial companies that were in existence for a period of 9 years, 2012 to 2020. Data were extracted from published annual reports of the sampled non-financial companies and validated by certification of external auditors and the Nigerian Stock Exchange. Data were analyzed using descriptive and multiple regression analysis. The study found that the combined effect of corporate governance (CG) had a significant effect on environmental sustainability disclosure (END) (Adj. R 2 = 0.1783, F(6, 641) = 170.58, ρ = 0.00). The separated effects were varied. Board Independence (BOI), Nomination Committee (NOC), and Sustainability Responsibility Committee (SRC) have a positive and significant effect on END (BOI=0.0031, t-test=5.28, ρ = 0.001; NOC=0.1391, t-test=3.50, ρ = 0.008; SRC=0.6165, t-test=6.68, ρ = 0.000). Risk Committee (RIC) and Remuneration Committee (REC) have a positive and insignificant effect on END (RIC=0.0519, t-test=1.61, ρ = 0.147; REC=0.0083, t-test=0.020, ρ = 0.849) while Board Meetings has a negative and insignificant effect on END (BOM=-0.0016, t-test=-0.27, ρ = 0.792). The study concluded that corporate governance enhanced environmental sustainability disclosure of non-financial companies quoted in Nigeria. The study recommended that management should institute sound corporate governance mechanisms, especially a sustainability responsibility committee to enable improved environmental sustainability practices and their disclosure.

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“…Companies' annual reports have not been providing adequate information for the public to construct informed opinion about the ethical motive of the firms on social performances (Emeka-Nwokeji & Osisioma, 2019;Haskin, & Burke, 2016). Hence, financial reporting is inadequate and unreliable to form an independent opinion on the interrelationship between the firms' performance and its influence on humans (Stolowy & Paugam, 2018).…”

Section: Introductionmentioning

confidence: 99%

Corporate Governance Mechanisms and Social Sustainability Disclosure in Non-Financial Firms Listed in Nigeria

OYEKALE,

OLAOYE,

NWAOBIA

2022

CTSMSR

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There is an increasing demand from stakeholders for social sustainability disclosure. However, annual reports have not been providing adequate information to the public to construct independent opinion on interrelationship between firm’s performance and humans. The study examined the effects of corporate governance mechanisms on social sustainability disclosure of non-financial firms listed in Nigeria. The work used ex-post facto research design. The population was 109 non-financial firms listed in Nigeria as at 31st December 2020. 72 firms were selected using stratified and purposive sampling techniques. Secondary data were extracted from annual reports of the sampled firms for 9 years, 2012 to 2020. A checklist was developed to obtain information on social sustainability disclosure from the sampled firms’ annual reports. Data were analyzed using descriptive and multiple regression analysis. The study discovered that the overall effect of corporate governance mechanisms had a significant impact on social sustainability disclosure. The disconnected influences were diverse. Board Independence, Risk Committee, Nomination Committee, Remuneration Committee, and Sustainability Responsibility Committee have a positive and significant effect on SOD while Board Meetings have a positive but insignificant influence on SOD. The study concluded that corporate governance mechanisms affected social sustainability disclosure of non-financial firms listed in Nigeria. The study recommended that management should ensure that there is adequate number of non-executive directors on board and institute necessary advisory committees to support the board in performing its responsibilities and drive enhanced social sustainability disclosure.

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Incorporating Sustainability Issues Into The Financial Accounting Curriculum

Cited by 5 publications

References 0 publications

Sustainability and accounting education: perspectives of undergraduate accounting students in Saudi Arabia

Sustainability and accounting education: perspectives of undergraduate accounting students in Saudi Arabia

Corporate Governance and Environmental Sustainability Disclosure in Non-financial Companies Quoted in Nigeria

Corporate Governance Mechanisms and Social Sustainability Disclosure in Non-Financial Firms Listed in Nigeria

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