The Problem With Reporting Pollution Allowances

Wambsganss, Jacob R.; Sanford, B.

doi:10.1006/cpac.1996.0070

Cited by 36 publications

(22 citation statements)

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“…Fifteen papers were published in this period with two editions of the journal accounting for 11 of these 15 papers. Volume 7, Issue 6, 1996, whilst not being designated as a 'special issue', provided 4 papers, one of which was an overview of how to account for pollution rights from a traditional financial accounting perspective (Wambsganss & Sanford, 1996), which was then accompanied by three other papers (by Gibson, Lehman and Milne respectively) which provided critiques. Publishing 'lead' papers (some of which are quite counter to any form of 'critical theory') with accompanying critiques has been used a number of times by the editors of CPA to great effectiveness.…”

Section: An Overview Of Sea Publication Numbers In Cpamentioning

confidence: 99%

Twenty five years of social and environmental accounting research within Critical Perspectives of Accounting : Hits, misses and ways forward

Deegan

2017

Critical Perspectives on Accounting

222

195

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Section: An Overview Of Sea Publication Numbers In Cpamentioning

confidence: 99%

Twenty five years of social and environmental accounting research within Critical Perspectives of Accounting : Hits, misses and ways forward

Deegan

2017

Critical Perspectives on Accounting

222

195

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“…The lack of a standardized accounting framework has also an effect on financial reports [19][20][21]23]. The divergence in the ways emissions rights are accounted for undermines the comparability of financial statements, making it harder for stakeholders to make appropriate decisions [17].…”

Section: Greenhouse Gas Emissions Disclosurementioning

confidence: 99%

Accounting Treatment for Carbon Emission Rights

Gallego‐Álvarez

Martínez‐Ferrero

Cuadrado‐Ballesteros

2016

Systems

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Abstract:In light of the growing demand for sustainable behavior and the special interest that has emerged regarding the social and environmental impact of firms, the purpose of this research is to analyze the determinants of the accounting treatment of emission rights. To achieve that purpose, we use a sample composed of 119 firms worldwide from different countries and activity sectors for the period 2011. Our findings show different accounting treatments depending on a series of factors. Specifically, firms pertaining to countries that have adopted Environmental Trading Schemes (ETS) tend to account for emission rights through provisions, investments, or as inventory. For their part, firms that issue indicators that appear in the report drawn up by KPMG and GRI (2007) tend to account for these entries as expenses, especially as R + D expenses. Finally, firms located in countries that signed the Kyoto protocol have a tendency to not account for carbon emission rights. The findings of this work can be considered of great interest on the international level because our research contributes to the scant previous literature regarding the accounting treatment of emission rights.

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“…There has been a long-running debate on how to reflect emissions trading schemes in the financial statements of participating entities. Prior to the implementation of the EU ETS, a number of contributions examined the accounting implications of the early SO 2 trading scheme in the USA and of emissions trading schemes in general (FERC, 1993;Gibson, 1996;Wambsganss and Sanford, 1996). Nevertheless, the set of most important international accounting standards (IAS) used in practice, the International Financial Reporting Standards (IFRS) to the present day still fail to provide clear, authoritative guidance on the matter.…”

Section: Financial Accounting In a Carbon-constrained Worldmentioning

confidence: 99%