Business A formal report Law on Pollution Accounting Essay

Business A formal report Law on contaminant Accounting - Essay Example*GEO Year Book 2006. United Nations Environmental Programme. 16 Apr.2006.http//www.unep.org**Poverty Resource. piece Resources Institute. 16 Apr.2006.Our minimal awareness and response have produced a number oftreaties, protocols, laws and monitoring agencies. But whythen the Ozone hole is expanding Why Global-Warming is increasing Why species are, increasingly, afflicted by pollution in its unlike forms Let us blame it on backinghouses and governments. Nature, in its myriad forms, is exploited ruthlessly for materialistic sparing benefits. Society is the ultimate sufferer. How to stop the further decline and start our response more effective and articulateThe answer lies in Pollution Accounting. This is the way we should make the business houses and government agencies absolutely transparent, creditworthy and answerable to the popular man of the society, in the matters of environment and pollution.Pollutio n Accounting is as good as financial accounting. It reflects the activities of business in singing to environment and pollution. It records, in any case, the role of government and its agencies. The Pollution Accounting reflects liabilities and assets, as how a financial accounting does. The liabilities moldiness record how the business activities degraded and polluted the environment. What are all the negative impacts on the societyshould also be recorded under liabilities. Any legal case, unfinished or over, in relation to pollution and any ongoing investigation, by government agencies, related to environmental degradation should also be recorded. The selective information must be providedin real terms and in monetary terms also.The assets, in Pollution Accounting, must implicate the internal and external...This is the way we should make the business houses and government agencies absolutely transparent, responsible and answerable to the common man of the society, in the matt ers of environment and pollution.Pollution Accounting is as good as financial accounting. It reflects the activities of business in relation to environment and pollution. It records, also, the role of government and its agencies.should also be recorded under liabilities. Any legal case, pending or over, in relation to pollution and any ongoing investigation, by government agencies, related to environmental degradation should also be recorded. The data must be providedThe assets, in Pollution Accounting, must include the internal and external activities of the business aimed at improving the environment and curtailing the pollution. It must reflect the tangible and intangible asset benefits of the pollution control activities. The asset side should also include any proposal, to be taken up by the business, to improve the environment. The data must be provided in real as well as in monetary terms.