Measuring and reporting externalities Let’s now consider measuring and reporting externalities in…

Measuring and reporting externalities Let’s now consider measuring and reporting externalities in greater detail. Are externalities typically measured and reported by an organisation? Historically, most externalities created by organisations have been ignored, and that is why, at least in part, our natural environment is so degraded. For many years, the impacts of industry on waterways, natural habitats, the air and so forth have not been factored into the prices we pay for goods and services.

This has meant that a great deal of damage occurred for years that was relatively unabated. But things are changing (although many people argue that the change is not occurring fast enough). While most of our discussion so far has been about negative externalities (costs), externalities can also be viewed as positive (benefits). An example of a positive externality might be the benefits to the environment from a zoo releasing endangered animals that have been bred in captivity. Should externalities be measured and reported by an organisation? If the externalities are deemed to be significant, then they should be reported by an organisation, as stakeholders reasonably have a right to know about potentially significant impacts. Managers also need to collect the information in order to enable them to manage the impacts of the organisation. For example, people impacted by the disaster at the Deepwater Horizon rig –these would include employees and their families, investors, local communities, fishing people, and environmental groups – all had a right to information. How should externalities be reported? This will not always be straightforward, as the full extent of impacts and the assignment of costs are complicated. It is not necessary to quantify the effects of externalities in monetary terms – describing the externalities in qualitative terms is sometimes the best and most appropriate approach. For example, in relation to a massive ocean oil spill, an organisation’s account of this disaster might include information about the amount of oil spilled, a description of the actions being taken to minimise the impacts of the spill, details of the amount of money being spent on those actions, the actual and expected impacts on vegetation and wildlife, and the impacts upon local communities.

Is the disclosure of information about externalities part of the role of an accountant? Absolutely! Coming up with appropriate disclosures about the impacts created – both positive and negative – by an organisation is not always a straightforward exercise, but this only helps make accounting a very interesting and important practice! If managers accept responsibility for the social and environmental impacts of their organisation, then any related information should be disclosed.

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with MyhomeworkGeeks
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Literature
Thank you!
Customer 453145, April 19th, 2022
Nursing
I just need some minor alterations. Thanks.
Customer 452547, February 10th, 2021
Human Resources Management (HRM)
On time and as always a great service! This semester has been very time consuming a tough for my family so this service has not only been a life saver but helped me keep up my grades! If you are in a time crunch or need help, don't hesitate! They are worth it!
Customer 453077, April 4th, 2022
Criminal Justice
The paper was not accused of plagiarism and was written very well. I will let you know the grade once it is graded. Thank you
Customer 452671, April 26th, 2021
Human Resources Management (HRM)
Very well written and very impressed with this service!
Customer 453077, February 16th, 2022
Other
I am beyond eager to write this review for this writer. I received a grade of "Mastered"upon first submission on this assignment. I will shout to the rooftops ENCOURAGING you to hire him. I have used other writers but NONE have delivered such awesome work as this writer and NONE of their prices can compare to his. He does not try to "break the bank" and he works hard; it shows in the final paper and the grade. He is simply,THE BEST HERE!!
Customer 452995, November 16th, 2021
Management
It was gotten well after time I needed to make needed additions, but it is something that did help me. I could not get the concept of ho to start such a project but now reading this, I was over thinking the project it seems.
Customer 452801, July 19th, 2021
Health Care
The writer did not follow my choice of topic (Food/Water Insecurity, Hunger, & Poverty), the paper was instead written about Climate Change in Africa. However, the paper was still great and informative. Thank you!
Customer 452777, January 28th, 2022
Health Care
awesome work
Customer 452777, October 14th, 2021
Business Management
Awesome job, Thank you
Customer 453201, June 12th, 2022
Human Resources Management (HRM)
My son and I have been sick for two weeks, of course at the end of my semester. I am so grateful that myhomeworkgeeks were able to help! Both papers got A's and I couldn't be more thrilled! Thank you so much and don't forget to tip your writer!
Customer 453077, February 22nd, 2022
English 101
Thank you for this excellent analysis of the Alchemist.
Customer 453213, June 15th, 2022
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat
Live ChatWhatsApp

Are You Looking For Assignment Help? We Can Certainly Assist You