Week 10 Discussion- Account for Management Decision Making

Account for Management Decision Making

Week 10 Learning Resources

Triple Bottom Line

In the language of accounting, the bottom line used to refer to the last line on the income statement. It shows either a profit or a loss. That was the concern of all managers. As companies began to understand that they needed to also be concerned about our planet and the people who work for them as well as those that live in the surrounding communities, the triple bottom line was developed.

· Byars, S. M., & Stanberry, K. (2018).  3.4 corporate social responsibility (CSR)Links to an external site. . In  Business ethics . OpenStax. https://openstax.org/books/business-ethics/pages/3-4-corporate-social-responsibility-csr

· Elkington, J. (2018, June 25).  25 years ago, I coined the phrase “triple bottom line.” Here’s why it’s time to rethink it .  Harvard Business Review Digital Articles , 2–5. http://hbr.org

· Franklin, M., Graybeal, P., & Cooper, D. (2019).  Why it mattersLinks to an external site. . In  Principles of accounting, volume 2: Managerial accounting . OpenStax. https://openstax.org/books/principles-managerial-accounting/pages/13-why-it-matters

· Franklin, M., Graybeal, P., & Cooper, D. (2019).  13.1 describe sustainability and the way it creates business valueLinks to an external site. . In  Principles of accounting, volume 2: Managerial accounting . OpenStax. https://openstax.org/books/principles-managerial-accounting/pages/13-1-describe-sustainability-and-the-way-it-creates-business-value

· Franklin, M., Graybeal, P., & Cooper, D. (2019).  13.2 identify user needs for informationLinks to an external site. . In  Principles of accounting, volume 2: Managerial accounting . OpenStax. https://openstax.org/books/principles-managerial-accounting/pages/13-2-identify-user-needs-for-information

· Franklin, M., Graybeal, P., & Cooper, D. (2019).  13.3 discuss examples of major sustainability initiativesLinks to an external site. . In  Principles of accounting, volume 2: Managerial accounting . OpenStax. https://openstax.org/books/principles-managerial-accounting/pages/13-3-discuss-examples-of-major-sustainability-initiatives

· Murphy, S. (2017, April 3).  How business can catalyze social change; A triple, bottom-line focus on people, planet and profit will serve progressive companies as they serve humanityLinks to an external site. .  The Globe and Mail.

· Walden University, LLC. (2024).  The triple bottom line  Download The triple bottom line [PDF]. Walden University Canvas. https://waldenu.instructure.com

Questioning

Have you ever asked what to you seems a reasonable question and the response you get is a blank stare, a dismissive answer that shuts down further conversation, or an answer that doesn’t really give you the information you were seeking? Perhaps you were asking the wrong question, or perhaps you were asking the question in a way that put the other person on the defensive. In these resources, you will consider how asking questions appropriately and effectively can create opportunities for open, honest discussion and help you get the answers you need.

· Marquardt, M. J.  (2014).  Asking the right questionsLinks to an external site. . In  Leading with questions: How leaders find the right solutions by knowing what to ask (pp. 83–102). John Wiley & Sons.

· Marquardt, M. J.  (2014).  The art of asking questionsLinks to an external site. . In  Leading with questions: How leaders find the right solutions by knowing what to ask (pp. 103–127). John Wiley & Sons.

· Walden University, LLC. (2024).  The art of asking questions    Download The art of asking questions [PDF]. Walden University Canvas. https://waldenu.instructure.com 

· Wood Brooks, A., & John, L. K. (2018, May 1).  The surprising power of questions .  Harvard Business Review ,  96 (3), 60–67.