Contemporary Environmental Accounting: Issues, Concepts and Practice has been written by two of the world's leading experts in the field in order to provide the most comprehensive and state-of-the-art textbook on environmental accounting yet attempted. The book is suitable for both undergraduate and graduate students and their teachers, professional accountants, and corporate and organisational managers. Although no prior knowledge of environmental accounting is necessary to understand the critical issues at stake, academic accountants will also find that the book provides a useful introduction to the topic.
The goals of the book are to discuss and illustrate contemporary conceptual approaches to environmental accounting; to make readers aware of crucial controversial topics; and to offer practical examples of how the concepts have been applied throughout Europe, North America and Australia. In order to increase the usefulness of the book for relevant courses, each chapter concludes with a set of questions for review. This book is essential reading for all those who are interested in how environmental issues influence accounting.
... as a reference text and as a text to stimulate and to prompt us into other ways of thinking, this book is a really substantial addition to the literature and deserves very serious attention.
The authors have compiled and structured the existing concepts of environmental accounting very thoroughly ... The book addresses students, controllers and business leaders equally. Although the structure helps readers without any prior knowledge of environmental accounting to get an overview, the book also provides a compendium for experts who want to look up something ... the book is therefore a clear buy.
... two of the world's foremost experts on the subject have come together to write the definitive book on environmental accounting. Engaging and accessible, this book is suitable for academics and professionals alike.
It provides a comprehensive and well structured overview.
In essence, this book is essential reading for all those who are interested in how environmental issues influence accounting.
This is a new and welcome addition to the growing material on environmental accounting ... whilst hardly the lightest of topics the writers manage to break down the concepts into fairly user-friendly form, drawing out principal ways for incorporating environmental elements into accounting systems.
... it is a book worth taking seriously ... Anyone who is not sure of what is meant by "eco-efficiency" will be hard pressed to find a better explanation ... In particular, there is good, balanced discussion of life cycle assessment as the most common model in use in environmental information management, and how it might be improved to make it a more effective and efficient management tool ... this book is an invaluable resource for anyone who is involved or interested in how accounting is influenced by environmental issues.
The development of key performance indicators for sustainable development will provide the logical framework for setting targets and driving continuous improvement across operations and for developing standards of reporting and verification ... Contemporary Environmental Accounting provides an important link between environmental and financial performance and paves the way for the more difficult task of accounting for social/ethical conduct.
In this key resource, Stefan Schaltegger and Roger Burritt provide not only early elements of a lingua franca but also a clear, professional set of briefings on an extraordinary range of issues, from contingent environmental liabilities and tradable emission allowances to eco-asset sheets and stakeholder involvement ... the book as a whole will handsomely repay study both by business people and by the growing range of individuals, organisations and institutions who companies are coming to consider as stakeholders. I suspect that this will soon be among the best-thumbed books in my own collection.
Better information flows are essential for supporting companies' total quality management, eco-efficiency, sustainable development and environmental reporting initiatives. This book contains extensive discussions of the possibilities for boosting such initiatives through environmental accounting. Readers will come away with a much better understanding of the myriad of issues and opportunities that lie in improving the flow of financial and ecological information in firms.
Schaltegger and Burritt can be credited with highlighting in their text the importance for management of the link between value added and environmental impact added as a general definition of eco-efficiency ... This book makes a valuable contribution to the corporate sector's gradual adoption of environmental accounting systems which will allow us to measure how heavily we tread on the planet and thus learn to live within the capacity of its ecosystems.
Schaltegger and Burritt's book is an important and timely contribution to the ongoing quest for new forms of corporate disclosure which integrate financial, environmental and social reporting.
It is important that environmental accounting and environmental reporting are researched and developed to improve the usefulness of the information supplied to investors. And it is important that guidelines of a global nature are developed and included in future financial reporting. This book addresses how to develop accounting systems and an accounting model with such aims in mind.
Foreword John Elkington, Chair, SustainAbility Ltd
Foreword Susan McLaughlin, US Environmental Protection Agency
Foreword Patrick Ponting FCPA, National President, Australian Society of CPAs
Foreword Dr Claude Martin, Director General, WWF International
Foreword Stig Enevoldsen, Chairman, International Accounting Standards Committee
1. Purpose and structure
Part 1: Introduction and framework 2. The emergence of environmental accounting 3. The purpose of managing environmental information 4. The environmental accounting framework
Part 2: Environmental issues in conventional accounting 5. Overview, criticism and advantages of conventional accounting 6. Environmental management accounting 7. Environmental issues in financial accounting and reporting 8. Environmental shareholder value and environmental issues in other accounting systems
Part 3: Ecological accounting 9. Overview and emergence 10. The efficiency of approaches to environmental information management 11. Internal ecological accounting 12. External ecological accounting and reporting of environmental impacts
Part 4: Integration 13. Integration with eco-efficiency indicators 14. Integrating eco-efficiency-oriented information management into the corporate environmental management system 15. Summary
DR STEFAN SCHALTEGGER is Professor of Management and Business Economics at the University of Lueneburg, Germany. ROGER BURRITT is a Senior Lecturer in the Department of Commerce at The Australian National University (ANU) in Canberra, Australia.
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