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Assets Restatement Model From The Natural Capital Maintenance Perspective

Author

Listed:
  • Gina Raluca GUSE

    (Academy of Economic Studies, Bucharest)

  • Viorel AVRAM

    (Academy of Economic Studies, Bucharest)

  • Adriana CALU

    (University of Bucharest)

  • Daniela Artemisa CALU

    (Academy of Economic Studies, Bucharest)

Abstract

The present research aims to propose a new approach to defining and measuring assets in terms of the negative effects and net benefits arising from their use and affecting the natural capital. In this regard, we provide a new definition and a reclassification of assets in three categories, depending on the nature of their environmental impact. The proposed categories are: natural assets, neutral assets and polluting assets. Given that natural assets can not be object to reliable measurements, we find as appropriate the current qualitative reporting techniques (Corporate Social Responsibility Reports – CSR). Balance sheet assets, reclassified as neutral assets and polluting assets will be restated based on an environmental factor. The proposed model may be used for financial and non-financial reporting of environmental issues, as well as an instrument for environmental audits and for the assessment of environmental risks.

Suggested Citation

  • Gina Raluca GUSE & Viorel AVRAM & Adriana CALU & Daniela Artemisa CALU, 2010. "Assets Restatement Model From The Natural Capital Maintenance Perspective," Internal Auditing and Risk Management, Athenaeum University of Bucharest, vol. 4(20), pages 71-80, December.
    • Handle: RePEc:ath:journl:tome:20:y:2010(iv):i:20:71-80
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    File URL: http://aimr.univath.ro/archive/atharticles/2010-4/2010-4-2.pdf
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    Citations

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    Cited by:

    1. Shuwen (Wendy) Cai & Jayne M. Godfrey & Robyn Moroney, 2017. "Impact of Segment†level Natural Resource Operational Risk Reporting on Earnings Predictions," Abacus, Accounting Foundation, University of Sydney, vol. 53(4), pages 431-449, December.

    More about this item

    Keywords

    neutral assets; polluting assets; environmental factor; environmental audit and risk; positive and negative externalities;
    All these keywords.

    JEL classification:

    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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