Full-cost accounting

Full-cost accounting

An accounting system in which environmental costs are built directly into the prices of products and services.
References in periodicals archive ?
Noting that new scientific findings point to the type of infrastructure required for an ecologically sustainable economic model, the authors offer a set of criteria for evaluating infrastructure projects--including full-cost accounting.
This she does very well, touching notions such as ecological footprint, full-cost accounting, and right livelihood.
The corporate sector needs to make a shift from cost accounting to full-cost accounting," said Saad Amanullah Khan, CEO Gillette Pakistan and the president of the American Business Council.
For their part, corporate leaders like Dow Chemical and the French PPR group (which owns Puma, Gucci and Yves Saint Laurent) are both integrating full-cost accounting into their bottom-line balance sheets.
The study undertook a full-cost accounting review of food waste and leaf-and-yard waste composting throughout the region, as compared to other waste management options such as landfill and waste-to-energy (WTE).
The UN has now embraced "people, planet, profit" and it has become the dominant approach to full-cost accounting.
Another perspective argues that full-cost accounting requires a broader measure of the costs of water supply, one that includes the opportunity costs of all productive resources used to supply water--such as the opportunity costs of raw water withdrawn by the water agency, (6) the costs of protecting water sources, and the costs of any reduction in environmental quality that occurs from the operations of water or sewage agencies.
NASA officials acknowledged that, as part of their implementation strategy, they had not yet converted the module to support full-cost accounting.
Recognizing that full-cost accounting is necessary to link budget and performance integration, the Bush administration has transmitted to Congress legislative changes that will improve accountability and make budgeting and management in the executive branch more performance-oriented.
Forthcoming GPI Atlantic reports will include natural-capital accounts for forests, fisheries, soils, and agriculture; a greenhouse-gas account; an ecological footprint analysis for the province; an air-quality account, and a full-cost accounting analysis of different modes of transportation in Nova Scotia.
That met rigorous requirements for full-cost accounting.