By connecting the findings of several existing normative and empirical studies on the topic of accounting for emission rights, this thesis answers the following research question: Which information content do the different accounting practices have, that firms use to account for emission rights and which part of that information is valuable from a capital market perspective?
Results from this analysis can provide insights to standard setters regarding the necessary details of a future mandatory accounting solution for emission rights. Although several other emission trading schemes exist in the world, this thesis focuses on the geographical regions of the European Union (EU) and the United States of America (USA), since they are home to the largest and most mature emission trading schemes.
Table of Contents
List of abbreviations
List of symbol
List of tables
1 Introduction
2 ER, ETS and their implications for firms
2.1 Regulatory background and geographical coverage of ETS
2.2 Accounting relevance of emission rights for firms
2.3 Financial accounting vs. non-financial disclosure
3 Accounting practices for ER
3.1 Overview of possible financial accounting practices
3.2 Financial accounting approaches used in practice
3.3 Information content of the financial accounting approaches identified
3.4 Non-financial disclosure practices and their information content
4 Information needed vs. information provided
4.1 Information about ER needed on the capital market
4.2 Comparison: Information provided and information required
5 Summary and implications
6 References
7 List of legal references
- Quote paper
- Vicent Giese (Author), 2018, The information in accounting for emission rights, Munich, GRIN Verlag, https://www.grin.com/document/448493
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