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The achievability of sustainable reporting practices in agriculture
journal contribution
posted on 2023-05-17, 01:50 authored by Belinda WilliamsBelinda Williams, Trevor WilmshurstTrevor WilmshurstThis research investigates the process of change in moving from a domestic accounting standard, AASB 1037, relating to self-generating and regenerating assets (SGARAs) to an international standard, AASB 141. It focuses on the achievement (or nonachievement as it may be) of sustainable reporting practices for these agricultural assets. This paper finds that the transition to AASB 141 has allowed firms the discretion to change how they value their agricultural assets in comparison to the domestic standard. Consistency may have been achieved to a limited extent with the introduction of this financial accounting standard but comparability appears not to have been. Further, there is very limited understanding of the reporting of these assets from a user's perspective. It is concluded that this lack of consistency, comparability and understandability will not help achieve sustainability in the reporting practices of agricultural assets.
History
Publication title
Corporate Social Responsibility and Environmental ManagementVolume
16Pagination
155-166ISSN
1535-3958Department/School
TSBEPublisher
John Wiley and SonsPlace of publication
United KingdomRights statement
The definitive published version is available online at: http://www.interscience.wiley.comRepository Status
- Restricted