Carbon Accounting
1.1 Origin of the Report As part of the term paper of Evening Masters of Business Administration (EMBA) course requirement, we are assigned the topic “Carbon Accounting” by our course teacher for accomplishing our report.
1.2 Objectives of the report
To attain the skill of report writing.
To achieve deep knowledge about Carbon Accounting.
To fulfill the partial requirement of our course of Accounting for Managers.
1.3 Methodology of the report
This study was a descriptive research where we have been analyzed mainly secondary data to understand the Carbon Accounting and its application. All the data has gathered for report writing during term. Information collected to furnish this report is mainly from secondary in nature such as related books, journals, periodicals and Websites etc.
1.4 Limitations of the report
We have tried our level best to find out the opportunity of work for overcoming the limitation but due to shortage of time, official compulsion and lack of availability of required data it was not possible to collect huge information about the topic. Other limitation is our report is mostly text based.
1.5 What is Carbon Accounting?
Carbon accounting refers generally to processes undertaken to "measure" amounts of carbon dioxide equivalents emitted by an entity. It is used by nation states, corporations and individuals. It is the process of measuring, monitoring, benchmarking and reporting an organization Greenhouse Gas Emissions in a defined reporting period. Carbon Accounting is not is a greener form of financial accounting.
1.6 What is the Issue?
The recognition of climate change as a significant issue continues to grow and commercial activity is well underway, but, in the absence of authoritative accounting guidance, a diverse range of accounting treatments has evolved. This in turn has led to a lack of consistency in financial reporting that could undermine investors’ confidence in a company’s strategy and approach to carbon
1.2 Objectives of the report
To attain the skill of report writing.
To achieve deep knowledge about Carbon Accounting.
To fulfill the partial requirement of our course of Accounting for Managers.
1.3 Methodology of the report
This study was a descriptive research where we have been analyzed mainly secondary data to understand the Carbon Accounting and its application. All the data has gathered for report writing during term. Information collected to furnish this report is mainly from secondary in nature such as related books, journals, periodicals and Websites etc.
1.4 Limitations of the report
We have tried our level best to find out the opportunity of work for overcoming the limitation but due to shortage of time, official compulsion and lack of availability of required data it was not possible to collect huge information about the topic. Other limitation is our report is mostly text based.
1.5 What is Carbon Accounting?
Carbon accounting refers generally to processes undertaken to "measure" amounts of carbon dioxide equivalents emitted by an entity. It is used by nation states, corporations and individuals. It is the process of measuring, monitoring, benchmarking and reporting an organization Greenhouse Gas Emissions in a defined reporting period. Carbon Accounting is not is a greener form of financial accounting.
1.6 What is the Issue?
The recognition of climate change as a significant issue continues to grow and commercial activity is well underway, but, in the absence of authoritative accounting guidance, a diverse range of accounting treatments has evolved. This in turn has led to a lack of consistency in financial reporting that could undermine investors’ confidence in a company’s strategy and approach to carbon