RE: https://mastodon.social/@bencurthoys/116645222472436837

Yes, well said. It’s long past time for standard accounting practices to modernise by incorporating externalities as part of costs to be assessed against benefits. 🙏🏻
Whatever happened to the project to push that integration along? It was all the go & being talked about (along with triple bottom line accounting) back in ?2006 & even before that I think (initiated by the IMF or some other global economics player)… 🤔
So much outstanding work needs to be done to “standard” accounting practices.

#standardAccountingPractices #externalities #ModernisingAccounting #costBenefit #IncorporatingExternalities #holisticCosting