green accounting - Hutchinson encyclopedia article about green accounting Printer Friendly
The Free Dictionary
990,122,215 visitors served.
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

green accounting

    0.06 sec.

green accounting

The inclusion of economic losses caused by environmental degradation in traditional profit and loss accounting systems.

The idea arose in the 1980s when financial factors, and in particular profitability, were the main tool for judging the value of an action. By such crude measures, killing elephants for ivory, destroying tropical rainforest for hard wood, and continuing whaling, all make economic sense. However, if the future value of these resources are included, so that for example tourism, protection of biodiversity, and ecosystem stability are all given a notional economic value, it becomes plain that even in terms of pure profitability it makes no sense to destroy habitats or hunt animals to extinction.


?Page tools
Printer friendly
Cite / link
Email
Feedback
?Sign in SSL protected
Email:
Password:
Register

? Mentioned in ? References in periodicals archive
No references found
 
Green accounting begins by itemizing both produced and natural resources, and valuing them in monetary terms.
It's amazing what you can do with an abacus, a big, green accounting pad, a bunch of really sharp pencils and visors to help you stay focused on the numbers.
 
Hutchinson browser? ? Full browser
 
 
Hutchinson Encyclopedia
?

Disclaimer | Privacy policy | Feedback | Copyright © 2008 Farlex, Inc.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Terms of Use.