BNET Business Dictionary
Business Definition for: Environmental Accounting
- the practice of including the indirect costs and benefits of a product or activity, for example, its environmental effects on health and the economy, along with its direct costs when making business decisions.
- Also called Green Accounting
Additional Resources
- Environmental accounting 101.(Beyond Compliance)
- According to the Environmental Protection Agency EPA, environmental accounting is an important management tool that can be used for a number of purposes. It can improve environmental performance, control costs, help invest in "cleaner" technologies, help develop "greener" processes, and inform management decisions about product...
- Research articles 2003-10-01
- Report Identifies Widespread Practices That May Lead to Environmental Accounting Fraud; Strategies, Tactics, Companies Identified in Report to Congressional Symposium on Investor Risk of Environmental Liabilities: Expensive Global Warming, Asbestos, Toxic
- Byline: As You Sow WASHINGTON, July 15 AScribe Newswire -- A new report, "Fooling Investors and Fooling Themselves" identifies aggressive accounting and asset management tactics that can lead to environmental accounting fraud. The report, released by the Rose Foundation, will be made public...
- Research articles 2004-07-15
- NEW PUBLICATION: ENVIRONMENTAL ACCOUNTING
- The Federation des Experts Comptables Europeens FEE has just published a survey of environmental accounting and auditing in Europe. The study, which was originally requested by the European Commission, covers the twelve EC Member States and the membeThe Federation des Experts Comptables Europeens FEE has just ...
- Research articles 1993-09-03
- ENVIRONMENTAL ACCOUNTING
- The Federation des Experts Comptables Europeens FEE has just published a survey of environmental accounting and auditing in Europe. The study, which was originally requested by the European Commission, covers the twelve EC Member States and the member countries of EFTA except for Switzerland, and is...
- Research articles 1993-09-02
- (Books) Environmental
- "Understanding Environmental Accounting & Disclosure Today," from Executive Enterprises Publications New York attempts to offer solutions to the issues involved in the field of environmental accounting. Executive Enterprises said that t"Understanding Environmental Accounting & Disclosure Today," from Executive Enterprises Publications New York attempts to offer...
- Research articles 1993-05-17
- Environmental liabilities. (The Front).(Environmental Protection Agency claims majority of corporations violate environmental accounting regulations)
- WHILE THE U.S. CONGRESS tries to unravel the Enron accounting scandal involving hundreds of millions of dollars of debt hidden illegally from shareholders, a U.S. federal agency charges that many publicly traded corporations hide billions of dollars in environmental liabilities. The U.S. Environmental...
- Research articles 2002-09-01
- Environmental accounting in the oil and gas industry
- The cost of complying with environmental laws and regulations has concerned oil and gas companies for years. In addition to new and existing U.S. laws, companies must comply with regulations imposed by foreign jurisdictions and by standards they impose upon themselves. Environmental laws and standards may result in costs which...
- Research articles 1998-07-01
- Cleaning up environmental accounting
- The problem of environmental pollution is a pervasive one for modern society. It is also a potentially expensive problem for modern businesses, which, under federal law, can be held financially liable for the effects of pollution they caused or to which they contributed.For several years, the accounting profession has faced...
- Research articles 1998-06-01
- Environmental Accounting
- Here's why projected cleanup costs from hazardous waste sites will be finding their way onto the balance sheets of Corporate America. "...thirty years ago we began to fight environmental battles with a mainframe approach that included, and I am going to make up a word here, 'siloed' environmental...
- Research articles 2006-04-01
- EPA is failing to carry out rulemaking changes, GAO says. (Environmental Protection Agency, General Accounting Office)
- ENVIRONMENTAL PROTECTION Agency has not consistently carried out the goals of President Clinton's 1993 executive order, which sought to improve the federal rulemaking process, General Accounting Office will say in three upcoming reports. ENVIRONMENTAL PROTECTION Agency has not consistently carried out ...
- Research articles 1997-09-29
- GAO Examines Hazardous Waste Rule.(General Accounting Office, proposal by Environmental Protection Agency)(Brief Article)
- CONGRESSIONAL INVESTIGATORS say it is unclear whether a hazardous waste rule proposed by the Environmental Protection Agency will impede the cleanup of active waste sites, as some industry officials fear. A General Accounting Office GAO stud CONGRESSIONAL INVESTIGATORS say...
- Research articles 2000-11-27
- Perma-Fix Environmental selects new accounting firm
- ATLANTA--BUSINESS WIRE--Dec. 20, 1996--Perma-Fix Environmental Services Inc. (NASDAQ:PESI) Friday announced that they have selected BDO Seidman, LLP as the company's new independent auditors. BDO Seidman, LLP is one of the top 10 accounting and consulting firms in the country and is the U.S. member firm of BDO,...
- Research articles 1996-12-20
- SEC targets environmental disclosure practices. (Securities and Exchange Commission) (Environmental Liability Review)
- CEOs and CFOs should take note: The Securities and Exchange Commission has started to look more closely at corporate accounting and disclosure practices for potential environmental liabilities. SEC Commissioner Richard Y. Roberts voiced his concern CEOs and CFOs should take note: The Securities and...
- Research articles 1993-09-06
- Environmental financial disclosure. (Responsible Care)
- Financial Accounting Standard 5, the rule that governs financial disclosure of environmental liabilities, does not specifically refer to environmental liabilities but does refer to any contingency, including lawsuits. Task forces from the Financial Accounting Standards Board and the American Institute of Certified Public Accountants may recommend a more specific interpretation...
- Research articles 1993-12-08
- Insurers may be unable to disclose EIL. (environmental insurance liability)
- WASHINGTON -- It may not be possible for insurers to disclose their potential liability for environmental claims, as was recommended by the General Accounting Office, industry representatives contend. "The GAO report does recognize the potenti WASHINGTON -- It may not be possible for insurers...
- Research articles 1993-07-26
- EPA'S SAB Scientists Charged With Having Conflicts of Interest.(Environmental Protection Agency's Science Advisory Board)(Brief Article)
- CONGRESSIONAL researchers said last week that scientists on the Environmental Protection Agency's EPA Science Advisory Board SAB often have ties to regulated industries or other conflicts of interest. The General Accounting Office, the re CONGRESSIONAL researchers said last...
- Research articles 2001-07-23
- CPA pollution draft offers relief on liability accounting. (American Institute of Certified Public Accountants manual for environmental liability accounting)
- A draft of a new CPA manual detailing ways to account for corporate environmental liabilities should offer relief to firms trying to estimate nebulous exposures and ultimately boost lagging compaliance with existing reporting requirements, according toA draft of a new CPA manual detailing ways to account for...
- Research articles 1995-01-23
- Bush Budget Slashes Environmental Spending, Uses Enron Accounting to Hide Major Cuts Says Friends of the Earth
- WASHINGTON, Feb. 4 /U.S. Newswire/ -- According to Friends of the Earth, the Bush administration's 2003 budget -- unveiled today -- severely shortchanges environmental programs at home and abroad, and in some cases, the White House uses accounting gimmickWASHINGTON, Feb. 4 /U.S. Newswire/ -- According to Friends of the Earth,...
- Research articles 2002-02-04
- Washington report. (Environmental Protection Agency's hazardous waste site clean-up methods)
- Criticism by the General Accounting Office of the Environmental Protection Agency's hazardous waste site cleanup methods is the focus of extensive hearings before the Subcommittee on Investigations and Oversight of the House Public Works and Transpo Criticism by the General Accounting Office of the...
- Research articles 1992-08-01
- Reporting environmental remediation liabilities.
- In October 1996, the Accounting Standards Executive Committee of the American Institute of Certified Public Accountants issued Statement of Position SOP No. 96-1, Environmental Remediation Liabilities. This article highlights the provisions of current environmental standards, discusses the provisions of SOP No. 96-1, and shows how CPA firms can help their...
- Research articles 1998-01-01
