Accounting for Carbon in Australia – How does a CFO choose the most appropriate accounting approach?
Location
Innovation Campus, Mike Codd Building, 1st floor, Room 102
Start Date
7-8-2012 12:15 PM
End Date
7-8-2012 1:00 PM
Description
Today’s CFOs are involved in strategy determination and implementation together with their traditional role of reporting and compliance. A factor in the complexity of the CFOs role has been the increase in accounting regulation through standard development as a response to corporate governance challenges over the past 30 years. There has been little research into the choices made by CFOs in accounting methods, especially in the Australian environment. The focus of this paper is to highlight the opportunity to research an accounting area where there is currently much debate and issues around the choice of accounting method and disclosure. This area is accounting for emission trading schemes. Currently there are no accounting standards covering emission trading. This leads to two opportunities, the first is to add to and inform both the academic and professional discussion on how best to develop appropriate standards within Australia. The second relates to researching how CFOs make choices in their accounting methods. This paper explains the background and the opportunity for this research.
Accounting for Carbon in Australia – How does a CFO choose the most appropriate accounting approach?
Innovation Campus, Mike Codd Building, 1st floor, Room 102
Today’s CFOs are involved in strategy determination and implementation together with their traditional role of reporting and compliance. A factor in the complexity of the CFOs role has been the increase in accounting regulation through standard development as a response to corporate governance challenges over the past 30 years. There has been little research into the choices made by CFOs in accounting methods, especially in the Australian environment. The focus of this paper is to highlight the opportunity to research an accounting area where there is currently much debate and issues around the choice of accounting method and disclosure. This area is accounting for emission trading schemes. Currently there are no accounting standards covering emission trading. This leads to two opportunities, the first is to add to and inform both the academic and professional discussion on how best to develop appropriate standards within Australia. The second relates to researching how CFOs make choices in their accounting methods. This paper explains the background and the opportunity for this research.