CHAPTER 2

Responsibility, Sustainability, and Ethics

“I believe that every right implies a responsibility; every opportunity an obligation; every possession, a duty.1

—John D. Rockefeller Jr.

ResCoCo—An Example That Will Accompany Us

Imagine you are a corporate management accountant in a medium-sized company, called Responsible Controlling Company, ResCoCo. The company produces different consumer goods and therefore also needs many purchase products. The market in which ResCoCo is active is a very competitive one. The corporate culture, however, is to be described as a pleasurable one and the management board normally strives to reconcile the interests of the owners and the employees. In the past you have been involved in many accounting ...

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