Safeguarding our roots: natural resources accounting and reporting in the public sector Marco Bisogno

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Uploaded by Marco Bisogno     Uploaded date: August 27, 2024    
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Publication date
July 01, 2024
Paper language
Abstract
Purpose – This study aims to explore natural resources from a public sector accounting perspective, focusing on their definitions, classifications, recognition criteria and disclosure requirements provided by different standard-setters and regulators at both international and national levels. Design/methodology/approach – By reviewing accounting frameworks for natural resources, this study extrapolates accounting dilemmas around the debate on natural resource accounting, using the dialogic accounting perspective as a theoretical framework.
Findings – Natural resources cannot be defined as a single category. Various categories have different characteristics, requiring different standards to recognize multiple orientations. This avoids monetary reductionism. Furthermore, uncertainty, both in existence and measurement, may disqualify some of these resources from being considered assets. Perhaps, concentrating on the flow of services derived from natural resources is better than focusing on their valuation. This may lead to a split-asset approach (flows and underlying assets) for certain resources. This study’s findings indicate that public-sector entities should consider preparing a separate non-financial report regarding the management of natural resources with the objective of maintaining inter-generational equity. Originality/value – This study contributes to the debate on natural resources from an accounting and reporting perspective, highlighting the importance of holding public-sector entities accountable for the use of natural resources.
Preferred Citation
Agestamm-Pontoppidam, C., Bisogno, M., Caruana, J., & Dabbicco, G. (2024), Safeguarding our roots: natural resources accounting and reporting in the public sector, Meditary Accountancy Research, 7(2), pp. 147-170, doi: 10.1108/MEDAR-07-2023-2106
Keywords
Naturalresources,Dialogicaccounting,Publicsector,Monetaryreductionism, Existence uncertainty, Measurement uncertainty
Email
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Category
  • Sustainability/SDGs
  • Other
Type of Paper
Published paper

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