Discuss the following issues relating to criticism of conventional accounting.

1 Conventional accounting uses the accrual convention.What is the accrual convention? What is the main benefit of accrual accounting? How might accrual accounting help with the management of environmental issues?

2 Explain the three main environmental criticisms of the conventions behind conventional accounting.

3 How might externalities be internalised?

4 Comment on the view that conventional accounting practices can have an adverse effect on the environment.

5 Is it true that conventional accounting knows the concept of more but that it does not know the concept of enough? Explain.

6 Can accounting conventions be changed to recognise the concept of enough?