Chapter 1

Corporate Environmental Accounting System

Chapter –1 Introduction 1.1 Origin of the Thesis Work: This report has been made for the partial fulfillment of the “Corporate Environmental Accounting and reporting”, with the specified time duration. I had to study on certain topics of “environmental accounting and reporting of different organization” to prepare the report.

The report was originated to make a study on “Corporate Environmental Accounting System”, and as a part of the fulfillment of thesis report required for the completion of the MBA program of the Department of Business Administration of Stamford University, Bangladesh.

As a part of my study and completion of the BBA degree, the thesis and project work was assigned by “Shyamali Biswas” Assistant Professor of Stamford University Bangladesh. Under the Project and thesis, during this research, I have gathered a lot of knowledge regarding the Environmental Accounting and Reporting system in different organization in our country and also whole the world.

1.2 Objectives of the report: Main objective:  To gain experience and view the application of theoretical knowledge in the real life.

Specific objective:  To know about environmental accounting inside the firm  Magnitudes and sources of environmental cost.  Business uses of environmental cost information  Environmental Accounting (detail)  Apply of environmental accounting  Framework of environmental accounting

1.3 Scope of the Study Environmental costs are one of the many different types of costs businesses incur as they provide goods and services to their customers. Environmental performance is one of the many important measures of business success.

More important, the case studies, I describe how companies can use environmental cost information to improve profitability and reduce environmental risk. A better 2

understanding of environmental costs can also affect pricing decisions. Overall I am trying to describe about the environmental accounting inside the firm and their reporting system.

1.4 Methodology of the Study There have no primary sources to prepare this report. There have only one source which is secondary source.

Secondary sources of data:  Searching information through the internet.  Using some of the text book.  Some international articles.

1.5 Limitations of the Study  It was one of the most important factors that shortened the present study. Due to time constraints, the sample size had to be restricted.  Another limitation is lack of knowledge about these topics, which could be very much useful.  It is a theoretical practice not practical so we do not skilled enough to cover the total information.  Confidentiality of data was another important barrier that was faced during the conduct of this study.

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 Rush hours and business was another reason that acts as an obstacle while gathering data.  The findings of the survey are based on user’s response in Dhaka City only. The results may not reflect the same for other areas outside Dhaka.  Some other limitations.

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