Environmental Analysis (company reporting) Essay

environmental Analysis (company reporting) - Essay ExampleThe environmental costs result include the amount the company go out have to pay in order to indemnify the victims of the companys water waste victims. The environmental costs depart include the amount of money spent to clean up the land and water area that they has been soil with dirty water sewageas well as the pollution of the air by the smokestacks with the companys ampere-second dioxide emissions in violation of the law. The environmental costs includes costs to clean up the companys contaminated sites, penalties for violation of the UK and Ger galore(postnominal) environmental laws. Environmental accounting also includes the taxes that the company will be able to save beca physical exercise the net income of the headache has been reduced by money invested in environment saving devices.According to Wolfgang B whollywieser, there are many major key features of the German Accounting System 1Accounting in Germany. One o f which is that it is influenced by the Roman lawfulness system. The German finance financial accounting is regulated by the law from the start to the finish. The start begins with the conclave of strain financial data that will be used in the recording of daily business transactions what will be recorded and how it will be recorded. The finish of the accounting in our elemental accounting course(Larson,1995) is the part when the financial controversys such as the balance sheet and the income statements as well the statement of cash flows are produced. The most important accounting law in Germany is the Handelsgesetzbuch or simply cognise as the HGB commercial code. This German accounting law is composed of regulations(Sussland, 2000) that are depending on the which of business the German company is involved in. The business could be a sole proprietorship which means that is owned by only one individual or businessman or businesswoman. Another form of business organisation is the balance sheet. The partnership is composed of two or more persons who will agree to contri onlye, money or industry to the partnership in order to generate income. The partners then agree to distribute the profits by dividing such based on a pre agreed profit and loss distribution plan. The last chassis of organization is the corporation. The corporation is composed of shareholders who willingly invests their hard earned cash in the business but do not partake in the minor day to day business operations. This same German accounting law gives laws based on the size of the business. This Same German accounting law use the grammatical constituent of what kind of business the company is engaged in.The German accounting system in all situations, even the predictable events, must be based on the Grundstze ordnungsmiger Buchfhrung or GoB which is described as the principles of regular accounting. The Gob had previously originated from accounting for business transactions. The the Gr undstze ordnungsmiger Buchfhrung or GoB is a major factor in accounting for tax purposes because both the commercial accounting(Ross et al, 1996) and the tax computation process are related. The manner of accounting will either increase or decrease the amount of taxes that the business enterprise will pay the government of Germany.Therefore, the process of using group accounting is now legally