Accounting for Environmental Losses

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Authors

Nelson, Cathleen

Date of Issue

1995-04-01

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thesis

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Abstract

This thesis is presented in what could be described as a quasi-liberal arts format. That is, the analysis of accounting for environmental losses by first gaining an understanding of the environment through the perspectives of economics, the sciences, theology, governmental policy, and finally, accounting. I decided upon this approach because the accounting treatment of environmental losses is a highly specialized area which is reflective of the laws and philosophies of society. That is, there would be no need for any consideration of accounting treatment for environmental losses without a legal and social framework defining the criteria and priorities. Valuing, measuring, and classifying are basic tenets of accounting, so in order to analyze accounting for environmental losses, we must first understand and define how we, as a society and a world community value the environment.

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