外文翻译--环境会计.docVIP

本科毕业论文（设计） 外 文 翻 译 外文出处 Business Economic Review,2006（） 外文作者 布莱恩.斯坦科，艾琳.布罗根,艾琳,亚历山大, 约瑟芬.蔡.梅齐 原文： Environmental Accounting Heres why projected cleanup costs from hazardous waste sites will be finding their way onto the balance sheets of Corporate America. Monitoring the production and disposal of hazardous waste has been a top priority of the United States government and the Environmental Protection Agency (EPA) since the mid-1970s, largely as a result of the Love Canal environmental disaster. Unfortunately, the remediation of hazardous waste sites is not finished, and cleanup cost estimates range anywhere between $500 billion and $1 trillion. American corporations will ultimately be held accountable for these costs. What remains to be seen, however, is exactly who, when, and how much. In terms of corporate responsibilities, this article discusses requirements regarding the financial reporting of environmental liabilities and current initiatives that should improve the measurement and disclosure of these liabilities. Investors and business professionals alike must understand the significance of these obligations as they relate to current and future corporate financial statements. Financial Reporting Financial reporting requirements have evolved over time under several governing bodies. The Securities Act of 1934 created the Securities and Exchange Commission (SEC) and gave it the authority to administer federal securities laws and prescribe accounting principles and reporting practices. Companies that are considered under the jurisdiction of the SEC include any company whose stock is publicly traded. As a result, these companies are required to follow SEC disclosure requirements in their filings. The Financial Accounting Standards Board (FASB) is responsible for establishing the current standards of financial accounting and reporting. The standards or pronouncements t