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ENVIRONMENTAL ACCOUNTING
SY 2017-18
Environmental Accounting
practice of incorporating principles of environmental management and conservation Into reporting
... '
practices and cost/benefit analyses.
allows a business to see the impact of ecologically sustainable practices in everything from their
supply chain to facility expansion.
allows accountants to report on the economic Impact of those decisions to stakeholders so as to
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allow for proactive decision making about processes that simultaneously meet environmental
regulatlons while adding to the bottom line.
There are three dlsclplines: global, national and corporate environmental accounting. Corporate
environmental accounting encompasses 'both environmental management accounting and
environmental financial accounting.
energy, water and materials, as well as the generation of waste and emissions, are directly related to
many of the Impacts organizations have on their environments and materials purchas.e costs are a major
cost driver In many organizations.
nutrients (such as phosphates), excess heat and to.Ml.c_mi~Jlals (such as solvents, pesticides
or heavy metals).
d. Air Emissions
Air streams contaminated with problematic levels of pollutants. Examples of pollutants
Include energy combustion by-products, such as nitrogen oxides, sulfur dioxide, carbon
monoxide, partlculate matter consumed and volatile organic compounds, as well as other
pollutants such as metal particulates. Air emissions can also include radiation, noise and
heat.
ENVIRONMENTAL DISASTERS.
A disaster Is a sudden, calamitous event that seriously disrupts tpt functioning of a community or
society and causes human, material, and economic or environntental losses that exceed the
community's or society's ability to cope using its own resources. Though ofte!" caused by nature,
disasters can have human origins.
An envlronm~ntal disaster Is an incident which occurs either as the result of a natural disaster or a
human caused disaster which results in a negative or "disastrous" Impact upon the natural
environment. The biggest confusion when using the term "environmental disaster" Is using It
interchangeably with "natural disaster." An environmental disaster can sometimes be the result of a
natural disaster but It does not have to be, environmental disasters can also be the result of human
caused Incidents such as an oil spill or a nuclear disaster.