Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: VAT RATES :: VAT Audit :: list of goods taxed at 4% :: TDS :: articles on VAT and GST in India :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: Central Excise rule to resale the machines to a new company
« News Headlines »
 TDS on rent and other tax tasks to complete before March 31
 5 income tax changes which will come into effect from April 1, 2018
 Why you shouldn't be a last-minute tax filer
 How to calculate income tax for this assessment year on Moneycontrol
 6 Tax notices you may get and how to cope with them Income Tax Notice
 Deadline to pay advance tax ends tomorrow: Here is a step-by-step guide
  Central Goods and Services Tax (Second Amendment) Rules, 2018
 Income Tax Return Filing Deadline: Waiver On LTCG Tax To End On 31 March. Details Here
 Income tax returns (ITR) filing: Top mistakes that can be very costly
 Income Tax Return (ITR) filing: 6 last-minute things you can still do to save tax for FY17-18
 How to file Income Tax Returns online in 5 simple steps

Green accounting standards vital for development projects
December, 07th 2007
Appraisal of development projects and green accounting standards are important as appraisal from the environmental angle has assumed a major significance.

Speaking on Management Accounting Driving Stakeholders Value at the Southern Regional Cost Convention 2007 here, organised by ICWAI, Dr M.P. Sukumaran Nair, Managing Director, Travancore Cochin Chemicals Ltd (TCC), said environmental issues, unlike others, have a global dimension in the sense that they transcend geographical boundaries.

Public perception the world over has resulted in building mechanisms such as the IPCC and the Kyoto Protocol, he said.

There may be a difference of opinion on the strategy for greenhouse gas (GHG) reduction but it has to be achieved at any cost, he said.

Sir Nicholas Stern, Head of the Government Economic Service and Adviser to the UK Government on the economics of climate change and development, has brought out the Stern Review on the Economics of Climate Change depicting Economic and Environmental impacts of climate change, he said.

US stand

The American Congress has also changed its initial stand and promulgated Americas Climate Security Act to tackle the problem from an American view point.

Taking the issue of power generation, he said that worldwide, the power sector is currently responsible for 41 per cent of global energy-related CO2 emissions and projections suggest that electricity demand will double by 2030.

It is crucial to meet increased demand for electricity at an affordable price and ensure adequate return while contributing effectively to climate change mitigation.

Electricity consumption must, therefore, be more efficient and supply less carbon intensive, Dr Nair said.

This is an enormous and urgent challenge for businesses, industry, and governments. Hence, there is an urgent need to address these issues with a greater concern in the interest of future generations, Dr Nair said.

Earlier, project appraisal was mostly done on considerations such as technology, raw material, and financial return. Environmental impacts were of lesser importance to project planners.

There are several international protocols, conventions and other initiatives to address major environmental issues such as climate change, global warming, water scarcity and quality degradation, soil degradation, accumulation of toxic wastes, forest cover depletion, pollution from industry, and urban livelihoods.

In several parts of the world there are incidences of outbreak of severe environmental diseases such as SARS and chikungunya, he said. Invariably, they result in huge economic impact and tarnish the corporate image of entities.

The Corporate Accounting Standard provides standards and guidance for companies to prepare a GHG emissions inventory at the organisational level. Although the Corporate Accounting Standard and Project Protocol address different business goals, policy and regulatory contexts, and GHG accounting concepts and issues, they are linked through the use of common accounting principles.

In both, the principles of relevance, completeness, consistency, transparency, and accuracy are applied in their appropriate contexts. The application of these principles is intended to ensure credible accounting of both corporate GHG emissions and project-based GHG reductions.

Green accounting is, thus, important in the matter of all development projects in future, he said.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Portal Design Website Design Portal Designing Website Designing Web Design Professional Portal Design Professional Website Design Professional Web Design Portal Design India Website Design India Portal Designing India Website Designing India Web Design India Professional Portal Design India Professional Website Design India Chicago Professional Web Design New York Professional Web Design California Website Design Florida Website Design New Jersey Website Design Britain UK Website Design London Manchester Website Design

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions