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Discipline‐Informed Approaches to Water Accounting
Author(s) -
Chalmers Keryn,
Godfrey Jayne,
Potter Brad
Publication year - 2012
Publication title -
australian accounting review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.551
H-Index - 36
eISSN - 1835-2561
pISSN - 1035-6908
DOI - 10.1111/j.1835-2561.2012.00175.x
Subject(s) - accounting , transparency (behavior) , business , accountability , relation (database) , accounting information system , management accounting , political science , computer science , data mining , law
Recent decades have witnessed demands for greater transparency and more clearly defined lines of responsibility and accountability in the management of natural resources. Consequently, various approaches to recording and reporting data relating to such resources have emerged, particularly in relation to water. We explore international water accounting developments where different water accounting systems are being developed in different settings, with different origins, and influenced by different disciplines. Australia is developing a general‐purpose water accounting system with its genealogy in financial reporting. We explore its development and implications for regulators and professionals in accounting and water‐related business. We also contemplate the potential for a global water accounting system.