Goodwill recording of sustainable business practices

Goodwill recording of sustainable business practices -...

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Financial Reporting of Environmental Business Practices Professor Doug Cerf Donald Bren Graduate School of Environmental Science and Management Corporate Environmental Management (ESM 281) Spring 2008
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Printed on recycled paper-actually better, not printed at all Can environmental business practices be recorded as an asset? Assets are items or rights acquired through objectively measurable transactions that can be used in the future to generate economic benefits (e.g. real estate, patent) Should accountants record an asset for companies that have specific sustainable practices? Example: plan to reduce green house gasses to 2000 levels by 2010 and 1990 levels by 2015. We will discuss that we record some environmental liabilities When they are probable and can be estimated
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Printed on recycled paper-actually better, not printed at all Environmental practices that could be recorded as assets? Management’s stated sustainable strategy Firms that have a strategy to reduce impact on climate change Example: BP or Walmart Investors are (hopefully) willing to pay more for shares of firms that have
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Goodwill recording of sustainable business practices -...

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