1 / 11

Sustainability Accounting: What Is It? How Do We Teach It?

Sustainability Accounting: What Is It? How Do We Teach It?. Susan K. Wolcott CA School of Business and WolcottLynch Associates swolcott@WolcottLynch.com. Lost in Terminology?. Evolving Definitions and Terms. UN 1987: Sustainable Development

roscoe
Download Presentation

Sustainability Accounting: What Is It? How Do We Teach It?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Sustainability Accounting:What Is It?How Do We Teach It? Susan K. Wolcott CA School of Business and WolcottLynch Associates swolcott@WolcottLynch.com Susan K. Wolcott, wolcott@WolcottLynch.com, AAA Panel, August 3, 2010

  2. Lost in Terminology? Susan K. Wolcott, wolcott@WolcottLynch.com, AAA Panel, August 3, 2010

  3. Evolving Definitions and Terms • UN 1987: Sustainable Development • Development that meets the needs of the present without compromising the ability of future generations to meet their own needs • Triple Bottom Line (People, Planet, & Profit) • Environmental • Social • Economic Susan K. Wolcott, wolcott@WolcottLynch.com, AAA Panel, August 3, 2010

  4. Where Does Sustainability Fit Into the Curriculum? Some Possibilities in Business Curriculum: • Intro to Business • Topics in Multiple Courses • Single Course • Capstone Susan K. Wolcott, wolcott@WolcottLynch.com, AAA Panel, August 3, 2010

  5. Where in the Accounting Curriculum? Susan K. Wolcott, wolcott@WolcottLynch.com, AAA Panel, August 3, 2010

  6. Accounting Learning Objectives • Assist Managers: • Formulate sustainability company policies • Manage sustainability throughout the supply chain • Engage with stakeholders • Advise on voluntary codes • Contribute to the quality of ratings and benchmarks • Contribute to public policy debates • Taxes and subsidies • Tradable permit schemes • Report on regulatory requirements • Develop and implement information and reporting processes for sustainability • Provide assurance on sustainability reporting Adapted from ICAEW, 2004 Susan K. Wolcott, wolcott@WolcottLynch.com, AAA Panel, August 3, 2010

  7. Within the Context ofCost Accounting Susan K. Wolcott, wolcott@WolcottLynch.com, AAA Panel, August 3, 2010

  8. Susan K. Wolcott, wolcott@WolcottLynch.com, AAA Panel, August 3, 2010

  9. Examples: Cost Accounting Methods • Internal Versus External Costs • Material Flow Accounting • Inputs = Outputs (Materials, Energy, and Costs) • Account for Waste Separately (e.g., Process Costing) • Sustainability Life-Cycle Costing • Environmental Cost Allocation (e.g., ABC) • “Soft Factors” in Capital Budgeting • Sustainability Balanced Scorecard Susan K. Wolcott, wolcott@WolcottLynch.com, AAA Panel, August 3, 2010

  10. Favorite Resources • ICAEW, Sustainability: The Role of Accountants, 2004 • The 21st Century Corporation: The CERES Roadmap for Sustainability, 2010 • The Sustainable MBA, 2010 • KPMG International Survey of Corporate Responsibility Reporting 2008 • Doody, Environmental Sustainability: Tools and Techniques, Management Accounting Guideline; AICPA, CIMA, and CMA Canada; 2010 • Global Reporting Initiative (GRI) Indicator Protocols, 2006 • ISO 26000, Draft 2009 • EPA, An Introduction to Environmental Accounting As a Business Management Tool, 1995 • Guide for Material Flow Cost Accounting, 2007, Environmental Industries Office, Japan Susan K. Wolcott, wolcott@WolcottLynch.com, AAA Panel, August 3, 2010

  11. Next: Kate Lancaster Susan K. Wolcott, wolcott@WolcottLynch.com, AAA Panel, August 3, 2010

More Related