Financial Reporting for Environmental and Social responsibility: A Normative Strategic Concept
AbstractCorporate responsibility demands that firms address environmental and social values in their firm’s policy and key performance indicators. These are integrated through strategic planning and require firms to merge the longer term environmental and social values with short term economic objectives and performance measures. Each firm’s strategy will differ. This paper provides a normative reporting concept to connect the financial implications associated with longer term planning for environmental and social values, with short term accounting reports. Reporting variants adapted from total cost assessment, life cycle costing, variable costing are integrated to offer upstream information based on a product segment view.
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Bibliographic InfoPaper provided by Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance in its series Accounting, Finance, Financial Planning and Insurance Series with number 2004_05.
Length: 39 pages
Date of creation: 21 Mar 2004
Date of revision:
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Strategy; environmental reporting; life cycle costing; cost systems; multi-period accounting; multi-stage fixed costs.;
Find related papers by JEL classification:
- Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
- M2 - Business Administration and Business Economics; Marketing; Accounting - - Business Economics
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Hutton, R Bruce & Wilkie, William L, 1980. " Life Cycle Cost: A New Form of Consumer Information," Journal of Consumer Research, University of Chicago Press, vol. 6(4), pages 349-60, March.
- Gutschelhofer, Alfred & Roberts, Hanno, 1997. "Anglo-Saxon and German life-cycle costing," The International Journal of Accounting, Elsevier, vol. 32(1), pages 23-44.
- Hansen, Frederick & Smith, Michele, 2003. "Crisis in corporate America: the role of strategy," Business Horizons, Elsevier, vol. 46(1), pages 7-18.
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