Nobody downloaded yet

Issues in Accounting Theory and Practice ( National Greenhouse Accounts Factor) - Case Study Example

Comments (0) Cite this document
Summary
Contex limited is a company that rents-out tools for mining sites and constructions. It has a different division that rents out and leases motor vehicles. The CEO of the company worries that the new tax placed on carbon will affect the company’s share prices. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.4% of users find it useful
Issues in Accounting Theory and Practice (Case Study National Greenhouse Accounts Factor)
Read TextPreview

Extract of sample "Issues in Accounting Theory and Practice ( National Greenhouse Accounts Factor)"

Download file to see previous pages The greenhouse gases include methane, carbon dioxide, specified hydrofluorocarbons, nitrous oxide, sulphur hexafluoride and specified perfluorocarbons. There are four methods used to conclude scope 1 emissions. The first one is fuel combustion that focuses on fuel combustion and the emissions it releases. There is ‘emissions of industrial processes’ that deals with greenhouse gases resulted from carbonates consumption and using fuels as carbon reductants or feedstock. It also focuses on the release of synthetic gases in certain cases. Another method used in scope 1 fuels’ fugitive emissions, which focus on emissions from the removal, manufacturing and supply of fossil fuels. The fourth method is ‘waste emissions’ that deals with the release of GHG from the decay of organic material in facilities handling wastewater. The Contex Company has a lot invested in the use of transport fuel. It rents and leases motor vehicles, which means the company is responsible for direct emissions through fuel combustion. They also provide equipment used in mining that results to the release of methane. The first method is fuel combustion, and it is appropriate for Contex because the company deals with motor vehicles that release GHG through use of fleet fuel. This is also because the most vital source is GHG emissions from the combustion of fuel that account for more than 60 per cent reported emissions. Activity 2 Scope 2 emissions are in most cases a type of indirect emission. The scope deals with activities that produce electricity, cooling, heating or steam that a facility consumes, but are not part of the facility. They take place mainly at electricity generators because of the consumption of electricity at a different facility. The emissions of scope 2 also come from electricity obtained from outside sources. The scope provides the factors of emissions through the electricity’s supplier or by using the NT’s emission factor. The generation of NT electricity largely represents a combination of the generation of diesel and natural gas, which is a logical equivalent for the fuel mix employed in outside electricity generation. The factors of emission for scope 2 show data depending on on-grid activity specifically, year average of annual financials, state-based activity, and physical traits of the demand and supply of electricity (Australian Government 2011). To formula, calculate the scope 2 emissions purchase of electricity from an NSW. Y represents the emissions of scope 2 calculated in CO2-e tones, while Q is the amount of purchased electricity in the year and used from the facility’s operation. EF is the factor of scope 2 emission measured in KGs of carbon dioxide emissions for every kilowatt-hour, for a territory or state. GHG Source Quantities used Calculation Emissions tonnes CO2-e Scope 2 – Indirect Energy Purchased electricity - NSW 2,000,000 (2,000,000 x 0.89)/1000 1,780 Purchased electricity - Victoria 1,000,000 (1,000,000 x 1.21/1000 1,210 Purchased electricity - Queensland 250,000 (250,000 x 0.88)/1000 220 Activity 3 To calculate the emissions of scope 3, there is need to use a number of emission factors. The main emission factors covered for scope 3 are for organizations that engage in burning fossil fuel and those consuming electricity purchased from other sources. Scope 3 estimates the indirect emissions related to extraction, manufacturing and transport of fossil fuels for those ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Issues in Accounting Theory and Practice (Case Study National Case”, n.d.)
Retrieved from https://studentshare.org/finance-accounting/1472998-issues-in-accounting-theory-and-practice-case
(Issues in Accounting Theory and Practice (Case Study National Case)
https://studentshare.org/finance-accounting/1472998-issues-in-accounting-theory-and-practice-case.
“Issues in Accounting Theory and Practice (Case Study National Case”, n.d. https://studentshare.org/finance-accounting/1472998-issues-in-accounting-theory-and-practice-case.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Issues in Accounting Theory and Practice (Case Study National Greenhouse Accounts Factor)

Treatment of Accounting Issues

...?Treatment of Accounting Issues Thank you Mr. Rafael for your inquiry in relation to some of the accounting issues which are creating uncertainty regarding their correct treatment. According to the information provided in the given situation, it seems as if Mr. Julian, Chief Executive Officer, has changed some of the previous accounting policies of the company and made some adjustments in order to boost up the earnings so that his share of profits can be increased. Upon careful observation of each accounting issue, the most likely correct treatment of every issue is discussed in the following paragraphs....
2 Pages(500 words)Case Study

National

...commitment and leadership initiatives as shown by Feinberg and Levin. Apart from this, funding resources, adequate infrastructure and the managerial freedom to evolve new methodologies of teaching and curricula design would be the important factors for replicating Houston and New York’s model of KIPP schools. Answer c My main advice to Feinberg, Levin and Hamilton vis-a-vis management of national network of KIPP schools would be to ensure that recruitment of principals and teachers should remain the major focus area. The training of Principals and teachers should encompass leadership traits, identification and evaluation of individual’s creative input and the commitment to the wider goals and objectives...
3 Pages(750 words)Case Study

Analysis of Accounts

...considering historical financial information which reflects performance, position and trends of past (Peterson & Fabozzi, 2012). Another limitation is that a company’s financial position cannot be always compared against industry averages. The reason being that a company may be operating in conditions which are significantly different from the circumstances faced by other competing companies. This limitation is such that investors may at times develop uncertainty as to whether financial performance of a company under consideration shall be compared against competitors or not. Moreover, the differences in comparison of two or more companies may also arise due to the fact that different companies use different accounting...
8 Pages(2000 words)Case Study

Fnancial Accounting

...in Notes 23, 12, and 10, respectively, the Company changed the manner in which it accounts for defined benefit pension and other postretirement plans, the timing of its annual goodwill and other intangible assets impairment testing, and its amortization method for special tools in 2006.Internal control over financial reporting. Also, in our opinion, management's assessment, included in Management's Report on Internal Control Over Financial Reporting in this Annual Report, that the Company maintained effective internal control over financial reporting as of December 31, 2006 based on criteria established in Internal Control - Integrated Framework issued by the Committee of Sponsoring Organizations of the...
19 Pages(4750 words)Case Study

National culture

...that play a role in communication. Cultural interpretation and adaptation are a prerequisite to the comparative understanding of national and international management practices. References 1. Bassett, Glenn. (1993). The Evolution and Future of High Performance Management Systems. Quorum Books. 2. Bauer, Gerald J. (1998). Emerging Trends in Sales Thought and Practice. Quorum Books. 3. Berkowitz, Perry. (2003). The Heart of Change. School Administrator Vol. 60. 4. Birley, Sue. (2001). Owner-Manager Attitudes to Family and Business Issues: A 16 Country Study. Entrepreneurship: ...
16 Pages(4000 words)Case Study

Contemporary issues in accounting and finance

...Running Head: Contemporary issues in Accounting and Finance Contemporary issues in Accounting and Finance [Institute's Name] Contemporary issues in Accounting and Finance Since few years, the world is confronting enormous amount of adverse effects, and is witnessing economic recession in almost every part of the globe, especially in the United States that has been the source of economic effects on other parts of the globe. In the result, governments and associated organizations are putting efforts to minimize the effects of economic crisis; however, at the same time, there has been a huge debate regarding the causes and risk...
5 Pages(1250 words)Case Study

Thomson Greenhouse

...; Lifetime of Greenhouse = 10 years Projected Profit = $10,000 expected profit per year -$6,400 interest ($8000 / 8%) -$240 depreciation = $3,360/ $6,000 = 56% Payback analysis Cost of Greenhouse ($12,000) Income ($3,360) + Depreciation ($240) = 3 years and 4 months Break Even Analysis Cost ($12,000) Profit Margin (22.6%) = Sales Revenue of $53,097 The Break Even analysis shows that Thomson Greenhouse would need to significantly increase its sales revenue to be able to afford a new greenhouse. 3) Thomson Greenhouse has a current ratio of 3.71, which is quite good. This means that the business can easily turn...
1 Pages(250 words)Case Study

Issues in Accounting Theory and Practice (Case Study National Greenhouse Accounts Factor)

...Case Study National Greenhouse Accounts Factor Department: Case Study National Greenhouse Accounts Factor Activity 1 Contex limited is a company that rents-out tools for mining sites and constructions. It has a different division that rents out and leases motor vehicles. The CEO of the company worries that the new tax placed on carbon will affect the company’s share prices. This is mainly because there has been a drop on the share prices since the listing of Contex a year before. Regulations define emissions as the discharge of greenhouse gases into the environment, which result to scope...
8 Pages(2000 words)Case Study

Applying Theory to Practice

...Applying Theory to Practice Applying Theory to Practice: Willie Bosket’s Case Many elements and factors can predispose individuals to delinquency. Theories can help conceptualize these elements and factors using real-life cases like that of a juvenile like Willie Bosket. One of the aspects of the juvenile case involving Willie Bosket is that he was prepared to commit crime. This is because it is explained that Bosket was carrying a gun in a holster strapped to his leg. This is probably the reason why when he found a chance to rob his victim in the train, he readily did. Another aspect about Willie Bosket’s case is that...
3 Pages(750 words)Case Study

Andy's Recipe in Leadership Theory and Practice

...Andy’s Recipe in Leadership Theory and Practice By Andy’s Recipe in Leadership and Practice Question Answer. The following reasons accounts for Andy Garafallo’s success in the Restaurant business. To begin with, Andy’s business is successful because of the excellent services that he provides for his customers; Andy confesses himself that customers keep coming to his business because they know that they will get good food. Secondly, Andy’s restaurant business is successful because of his public relation approach; in the case study that we have read, Andy says that customers come to his restaurant because they want to support someone with whom they can connect. This fact shows that Andy has an excellent relation with his customers... . An...
2 Pages(500 words)Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Case Study on topic Issues in Accounting Theory and Practice (Case Study National Greenhouse Accounts Factor) for FREE!

Contact Us