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Envrionmental Accounting

             What is environmental management accounting? Environmental management accounting is a combined approach for the transition of data from financial accounting and cost accounting to increase material efficiency, reduce environmental impact and risk and reduce costs of environmental protection. The thinning of the ozone layer, acid rain, air pollution and global warming are some the effects that have occurred as a result of the Chernobyl Incident. At first these issues were not looked at as an accounting issue. Only in the past few years have these concerns started being addressed by the accounting world. A lot of environmental concern groups have argued that most of the developed countries have placed greater value on economic gain instead of the protection of the environment. They feel that humans need to be responsible for them and design strategies that could help preserve the resources of the environment for the future. Many experts believe that these duties should not be placed entirely on environmentalists but should be placed on everyone involved in the design of the project. Corporations are now realizing the role of accountants in environmental issues is becoming very important. Before we can even begin to understand environmental accounting we must first understand the social significance of accounting. .
             Accounting cannot always be the technical part of a business but sometimes has to be the voice of reason. Accounting is used to help corporations make economically useful decisions. This establishes accounting as an organizational culture and has an effect on the business success and credibility. Accounting data is used to represent or even recreate reality. The main function of the accounting process involves providing stockholders of their responsibilities for the corporation. This is meant by accounting process providing information for the corporation. But accounting should not just provide financial information but also acknowledge the social and political impact of accounting practices.


Essays Related to Envrionmental Accounting

1. Accounts

INTRODUCTION Accounting systems have been used for thousands of years. ... Modern accounting measures and communicates financial information about an economic entity. ... ACCRUAL ACCOUNTING All businesses need to choose one of these methods of accounting: cash or accrual. ... Tax Years and Accounting Periods Income and expenses must be reported to the IRS for a specific period of time, called your tax year, your accounting period or your fiscal year. ... For example, if you make a sale on account (or, on credit), you would record the transaction at the time of the sale, with an ent...

  • Word Count: 3170
  • Approx Pages: 13
  • Grade Level: Undergraduate

2. Accounting

Overlooked ProblemsConsidering the history of accounting irregularities, it is hard to imagine that these current problems were overlooked. ... One of the main problems is that the massaging of accounts became a large incentive when stock options became the financial instrument of choice for executive"s reward. ... As for those who wonder just how much use a company audit is, the threat of 45 years in an Alabama prison would do more than any regulations to keep the accounts straightaE (Banyard 1). The problem was easy to overlook, just a few months ago, when more than 800 of the comp...

  • Word Count: 525
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3. Definition of Accounting

Definition of Accounting 08.12.1997. ... Accounting records date back to as early as 4500 bc. ... We can distinguish four phases of accounting: Stewardship accounting. ... Social welfare accounting is an entirely new phase in accounting development. ... This concept is the nucleus of accounting theory, and a benchmark that affords a fixed point of reference for accounting discussions." ...

  • Word Count: 1977
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4. international accounting

Introduction Accounting is a way for communicating economic information. ... This problem faces the accounting standards themselves. ... The third difference in preferred accounting practises. ... The cost of an accounting system in an multinational is increased both by the cost of designing and running different accounting systems in different countries, and the cost of adjusting accounts from different countries to the accounting system of the country of the holding company for consolidation. ... Thus, accountants in the US, the United Kingdom and Canada try to simplify the languag...

  • Word Count: 2830
  • Approx Pages: 11
  • Grade Level: Undergraduate

5. FAS 123- Accounting For Stock Options

When an accounting controversy arises accounting agencies will step in to help solve the problem. One accounting issue that was prominent in the late 1980s and early 1990s was, accounting for employee stock-based compensation or stock options. Today the accounting statement made by FASB, number 123 - Accounting for Stock-Based Compensation, is the most recent addition on how to account for stock options. ... In 1972, the first solution for accounting for employee stock options came from the AICPA, Accounting Principles Board Opinion No. 25 (Mozes, p. 144). ... The FASB can hold open for...

  • Word Count: 1930
  • Approx Pages: 8
  • Has Bibliography
  • Grade Level: High School

6. The Gender-Factor In The Accounting Profession

In 1970, women comprised a mere 24.6% of those employed in the accounting arena. ... To fully understand the impact that gender has on the accounting profession you must understand how the introduction of women in the accounting field has effected the profession. ... Though many college women have increased their numbers for accounting majors, their experience as an accounting major is not always the same as their male counterpart. How Gender Effects the Accounting Profession Women in the accounting profession face many obstacles. ... It is in college where women are first introduced to...

  • Word Count: 981
  • Approx Pages: 4
  • Grade Level: Undergraduate

7. Benefits of International Accounting Standards

The International Accounting Standards Board constituted these universal guidelines. ... When formulating these rules, the board consults widely and takes into account the various cultures spread across all nations. ... Thus, international accounting standards provide a harmonious code of ethics, which becomes more vital during conflict resolution among companies. ... The use of international accounting standards provides an opportunity for greater flexibility on the same. ... The stock exchange market also stands to gain from a harmonization of international accounting standards (Jeno 2011, ...

  • Word Count: 1396
  • Approx Pages: 6
  • Grade Level: Undergraduate

8. Accounting

Accounting Accounting is the study of how businesses track their income and assets over time. ... There's a lot to get out of a career in accounting. ... Audit is the bread and butter work of accounting. ... Pubic Accountants work in Public Accounting firms. ... The largest, high profile public accounting firms are known as the Big Six and dominate the field of accounting. ...

  • Word Count: 1675
  • Approx Pages: 7
  • Has Bibliography
  • Grade Level: Undergraduate

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