Comments below.
--- John Foster <[log in to unmask]> wrote:
[snip]
> The management accountant therefore is capable of performing, or having
> someone else perform, a cost analysis related to environmental
> externalities
> as a means to 'catch' what are termed 'undercosted products', 'poor
> management decisions' and 'reduced corporate profitability'. A 'life
> cycle
> assessment' is one method which is used to define activities, processes
> and
> products that cause environmental costs. I would call this defining
> 'end-to-end solutions' rather than end-of-pipe solutions.
In theory. One of the problems with externalities is that they are
external to any market (hence the name externality) and as such putting a
dollar value on these costs for any kind of "accounting" analysis is going
to be very difficult at best. Not that it shouldn't be attempted, but it
is not very easy at all.
Steve
=====
"In a nutshell, he [Steve] is 100% unadulterated evil. I do not believe in a 'Satan', but this man is as close to 'the real McCoy' as they come."
--Jamey Lee West
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