Study On Accounting Issues Of Corporate Environmental Liabilities

With the expanding of human society and economic activity, fast economic-growth has brought about severe enviromnental pollution. The deterioration of the ecological environment and the aggravation of the environmental pollution makes people forcus on global environmental problem, and the public environmental protection awareness is increased. Therefore, the regulations of environment become more and more strict in most countries. This requires corresponding supporting methods to measure the extent of environmental impact and the responsibility of the environmental pollution. The obligations of environmental impact should be disclosured in the financial reports, so that the regulatory authority and responsibility of the possible environmental impacts can control environmental impacts effectively. Because of the complexity of environmental governance and the magnitude of the task, the great amount of environmental costs and liabilities happen frequently. How to recognize and measure environmental liability and environmental costs? It is a critical aspect of Environmental Accounting. by recognizing and measuring environmental liability and environmental costs timely, The relevance of accounting information will be greatly improved.Considering the factors mentioned above, the thesis studies systematically and completely the recognition, measurement and disclosure of Corporate Environmental Liabilities by making use of the international literature on the Corporate Environmental Liabilities. Secondly, on the basis of analysing how to deal with Corporate Environmental Liabilities in PetroChina Company Limited of the case of the evironmental liabilities practice in China. This thesis constructs an recognition and measurement Corporate Environmental Liabilities which can be used in China's market economy in accordance with the China's sustainable development strategy.This thesis consists of five chapters:Chapter 1 Introduction.The chapter discusses the research background, an review of international and China's literature in the environmental liabilities, the focus of the paper and the structure of this thesis.Chapter 2 The Theorial Basis of Corporate Environmental Liabilities Study. Including Sustainable Development Theory, External Economic Theory, Environmental Management Theory, Demand Levels Theory and Accounting Theory.Chapter 3 Recognition and Measurement of Corporate Environmental Liabilities. This chapter conducts a specific analysis on the recognition and measurement of environmental liability.Chapter 4 Accounting Treatment of Corporate Environmental Liabilities. Including the status and improvement of the accounting treatment of Corporate Environmental Liabilities.Chapter 5 Disclosure of Corporate Environmental Liabilities. The chapter provides the disclosure principle and styles of Corporate Environmental Liabilities.Chapter 6 Analysis on PetroChina Company's Accounting Treatment Methods of Corporate Environmental Liabilities. This chapter provides the accounting treatment of Corporate Environmental Liabilities by PetroChina Company and analyses the reasons for the gap between practice and theory. In accordance with this thesis, The author provides some suggestions to PetroChina Company in the accounting treatment of Environmental LiabilitiesChapter 7 Conclusions. This chapter is the result of the study. This thesis constructs some suggestions in accordance with the requirement of the China's sustainable development strategy.