Business fraud can have a monumental impact on an organization. Like most holy grail” objectives, sustainability as a firm’s most dependable route to financial high performance has seemed beyond reach. But three trends, each gathering force on its own, are now combining with dramatic effect: The values of many vital aspects of our world traditionally considered externalities are being quantified so that they can be factored into economic equations. Socially responsible investing has matured beyond negative screening to become a value-seeking discipline and a positive impetus for change. And industries are converging on standard indices by which to rate products’ sustainability and seek improvements throughout their value chains. Progress in each area spurs progress in the others, with the result that the long-sought alignment of a firm’s prosperity with the best interests of the planet seems not only possible but inevitable.
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With this change in mindset and the relative knowledge that entrepreneurs bring forth increased job creations, the awareness and academic studies of business have also heightened. In many tertiary institutes, many courses of entrepreneurship and innovation are being developed and offered to cater to the increasing demand. The term “entrepreneurship” has also evolved with numerous variations. The proliferation of jargons such as netpreneur, biotechpreneur, technopreneur and multipreneur are coined to keep up with the ever-changing times and business conditions that surround us. The accounting department will be actively involved in monitoring all our expenditures to warrant that we do not exceed the set budget. We are cognizant that not sticking to the budget can result in loss and pecuniary challenges that could spell doom any insurance agency business. The accountant will present the directorate faction with the institution pecuniary reports on a weekly basis to help monitor the sales or rather the revenue collected from the customers.