Youmust submitawrittenortypedresponsetothequestionsinPartA by 6.00 p.m. oneday before your scheduledtutorial.Tutorialquestion 1considersthereasons for,andproblems associatedwith, environmentalandsocialaccounting.Theremainingquestionsdealwith specific applications of social and environmental accounting.

'Fromtheboardroomtotheshopfloortothemarketplace,business decisionsareskewedwhenenvironmentalcostsarehidden.Common accounting practices hide these costs in two ways: by burying them in 'non-environmental' accounts and by failing to link costs to the activities that spawnthem.Asaresult,managersareforcedtomakecrucialbusiness decisions -whatproductstomanufacture,whattechnologiestoemploy, andwhatmaterialstouse -withoutcommandofallrelevantfacts.' (Jonathon Lash, President, World Resources Institute)

a)Explain howaccountingpracticesmighthideenvironmentalcosts.(Hint:Whatistheaccountingtreatmentforenvironmentalcostssuch as, high energy costs and fines paid for environmental damage?)

b)Does accounting ignore some environmental costs?

c)Critically evaluate the underlined claim.