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Environmental Accounting
What kinds of information does a firm need to evaluate and choose among pollution abatement options?
Environmental accounting is a field of environmental science that deals with the identification of resources and their appropriate use as well as deliberating on reducing pollution. The use of this field of knowledge has enabled environmental managers to ensure that there is a safe environment for all people. This field has been part of the larger field of accounting practice for a long time. Its specialization in environmental issues is what makes it be studied under environmental science.
Pollution abatement is a field of environmental accounting that deals with ways that are used to mitigate the effects of pollution by barring the major causes as well as minimizing the effects. Several methods that are used include barring the causes, minimizing the effects of an already existing harm and the use of sanctions to tame the firms or individuals who cause pollution to the environment. When choosing the pollution abatement method to use, a firm needs to consider the sufficiency of the available information and the effects of the methods...
A firm also has to identify its role in the industry as it desires to deal with the issue of pollution.
2.
What period should be used for evaluating an abatement option? Explain.
There is the need to make several considerations before embarking on any abatement method because different methods can result in different impacts on the welfare of the company. The effects can be detrimental to the well-being of the company in the end. An abatement option should occur during the time of limited or no pollution. This gives the firm a good chance to overcome the challenges of pollution. If too much pollution takes place, then it will be hard to deal with its effects successfully.
3.
Explain what regulatory costs are and describe the different types of regulatory costs.
Regulatory costs are those costs meant to oversee the activities of a firm with the aim of preventing them from emitting too much pollution to the environment. These costs also involve those meant to reward those firms that adhere to the conservation methods. The costs are of great importance but should always be kept at optimal level. By this, it means that the amount should be high enough to meet the need but low enough so that some net gain in the endeavor is realized. The…
5.
How did AT&T implement Environmental Accounting?
The concept of environmental accounting has particularly been useful assessing damage caused by industrial pollution. The concept of green accounting at AT&T dates back to 1995 when the company initiated the concept. Terms like 'societal costs' and 'private costs' emerged from the company's efforts to foster the success of the initiative. The managerial commitment to this cause was first seen with the establishment of the Design for the Environment program. This policy sought to foster the company's efforts in protecting the environment as headed by a Green Accounting Team. The company managed to reduce its costs and limit activities on environmental pollution by declaring its costs on the cause, supporting and complying with the laid down environmental policies, and providing proof of the same. All the activities were aligned with the TQM, DfE, and Activity-Based Costing.
business environment, organizations are required to adhere to the environmental regulations in order to comply with the federal and state laws. One of the strategies that an organization can employ to be environmental friendly is to integrate an environmental accounting in the conventional accounting system. An environmental accounting is a subset of accounting that incorporates the environmental information to determine the costs reduction that an organization can enjoy by
Facilities Planning Regulatory requirements and their impact on the design and equipment for Better Bank. A new facility being designed, built, with a grand opening next spring/summer 2012. Regulatory requirements impact for facility planning work to protect the builder or property owner. With most contracts the owner has the least amount of protection. Regulatory requirements often help provide some modicum of protection for the owner. As in the case of the American Institute
By the same token, an American citizen, say of Iranian decent has very little choice in self-defining their "ethnicity" since there is not a category for Arab-American -- instead, they must be White/Caucasian, which in some cases, is how they self-view, in other cases, not at all accurate for a political "count." The task then, for political leaders, is to ensure that numbers, used for judgment, dividing, and even
Macro-Environment Socio-cultural and demographics Demand for green products Legislation Economic environment Technology Business Level Strategy Protection from the Five Forces Threat of New Entrants Competition Substitutes Supplier Power Competition The building of relationships Business partners/transactions Strategic management Improved value chain Inbound logistics Manufacturing operations Outbound logistics The sales and marketing techniques The virtual value chain The macroeconomic environment of any enterprise is indeed a very vital thing to all the operations of the enterprise. This is brought about by the fact that both the present and the future operations of the business
Green alternatives for corporations outside don't just stop at the roof though. Natural landscaping can be used to reduce irrigation requirements. Roof drainage can be reclaimed, along with storm runoff, to be used in irrigation. For corporations that utilize refrigeration systems, these should be retrofitted to reduce or eliminate chlorofluorocarbons and hydrochlorofluorocarbons, as part of corporate environmental responsibility. In their place, natural systems, utilizing ammonia or carbon dioxide, produce no ozone
Sarbanes-Oxley Over the last 13 years, the issue of fraud in publically traded corporations has been increasingly brought to the forefront. This is in response to firms engaging in behavior that is unethical and borderline illegal. The result is that investors demanded drastic action to prevent the situation from becoming worse. In response, Congress enacted the Sarbanes-Oxley Act (i.e. SOX). This required firms to make added disclosures and it closed various