ASD System's Compatibility with Financial Accounting

Survey research imbed that the majority of financial accounts in both public and banking recital agreed that ASD is compatible with standard financial accounting to an uttermost that the integrity of neither system is compromised. Variations in the responses of the two groups were non statistically significant at p < .05. Therefore, agreement was good that the introduction of ASD is compatible with standard financial accounting.

The experiences of the commercial banks that corroborate integrated ASD considerations into the alter decision-making process launch that such consolidation was effective as a linking mechanism for incarnate obligation and responsibility. Further, these experiences demonstrate that banks not only include ASD considerations in lending decisions, merely also initiate ASD systems.

Survey research found that the majority of both financial accountants in the incarnate vault of heaven and environmental surety advocates agreed that ASD integrated in to the commercial bank lending decision-making process is an effective means of linking corporate accountability and responsibility in relation to environmental protection. Variations in the responses of the two groups were not statistically significant at p < .05. Therefore, agreement was solid that the introduction of ASD is an effective means of linking corporate accountability and responsibility in relation to environmental protection.

deuce major conclusions were drawn from the finding

The spotholder type has been suggested as a structure through which the concept of the genial responsibility of business may be extended to the wider reaches of society. The distinctive stakeholder "map includes stockholders, creditors, employees, consumers, government, and so forth, but it never includes plants and animals or spirit in general, all of which have a significant stake in corporate activities. The social contract model is a contract between human beings; the natural world is never included in the bargain" (Buchholz, 1991, p. 24).

Applying this reasoning to the protection of the environment has led to market approaches to solving the problem that exact charges against polluting activities, but that do not prohibit such activities (Braden, 1989).

The assumption upon which such market approaches is base is that sufficiently high charges levied against polluters will get out in a situation wherein the polluters will not be able to pass the increased costs along to their customers, and thereof will cease the polluting activities (Smets, 1989). This type of market approach to the protection of the purity of the environment is being applied in the unite States to curtail the pollution of Lake Michigan by agricultural operations (Braden, 1991).

Activity-based costing in this contemporary model is defined as a methodology that measures the cost and movement of activities, resources, and cost objects. Resources argon assigned to activities, then activities are assigned to cost objects based on their use. Activity-based costing recognizes the causal relationship of cost drivers to activities. By contrast with earlier definitions of ABC, which focused only on increase costing, this definition includes a wide range of cost and performance information (Turney, 1994b).

Friedman (1970) said that a corporation should be unfreeze to act as it wishes, so long as it girdle within the rules of the game. Friedman (1970), of course, was referring to operations tha
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