Sustainablity - Kern

Question 1

Costing System (Action based, tradidional)

Answer 1

*Over-costing: Too much costs assigned
*Under-costing: Too little costs assigned

Question 2

Defining KPIs

Answer 2

• Cost
• System Input
• System Output
• System Outcomes

Question 3

BSC - Balanced Score Card - General

Answer 3

• performance measurement system
• leading indicator: future outcomes to guide management desicions
• lagging indicator: measures of final outcomes or earlier plans

Incentive System that motivates employees to achieve goals and then get reward.

Question 4

BSC - 4 Plains

Answer 4

• 4 Plains:
  
  • Organizational learning and performance
    (Training, Satisfaction, turnover)
  • Business and production process performance
    (Service costs, process improvements, supplier
    relations)
  • customer performance
    (Customer Satisfaction, retention, market share)
  • financial performance
    (net interest margin, revenue growth, return on
    assets)
• Scorecard Area: Organizational learning and growth
• Scorecard Performance: Employee Satisfaction
• Scorecard Measures: Employee Satisfaction index
• Performance Targets: Mainaint current level // 100%

Question 5

Sustainablity Accounting Standards

Answer 5

• EU Taxanomy
• IFRS
• Impact Weighted Accounts (Harvard)

Question 6

EU Taxonmy

Answer 6

• Definition of what is sustainable
• TX Relevat -> TX aligned
• Reporting –> green turnover

Obejctives - Envinronmental:
- climate change mitigation & adaption
- sustainable use and protection of water
- transition to circular economy
- pollution prevention

Objecives - Social & Governance:
-Decent work standards
- Strengthening consumer interests
- basic infrastructure
- corporate governance (gender, diversity, CEO pay)
- Transparent tax planing