SUNConferences, SAIIE NeXXXt

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ADAPTING ACCOUNTING BEST PRACTISES FOR USE IN ENERGY-RELATED REPORTING
Janine Booysen, Waldt Hamer, Marius Kleingeld

Last modified: 2019-08-22

Abstract


Corporate energy- and environmental reporting requirements are constantly evolving in a drive to clearly represent the realities associated with industrial activities. This continued drive creates a dynamically changing landscape full of uncertainties. Financial accounting and reporting experienced similar challenges which eventually lead to the development of universally accepted concepts and conventions. This allowed for the effective review and reporting of the results to a wider stakeholder audience.

This paper presents a framework that can be used to adapt accounting best practices for application in the engineering- and energy reporting domain. The framework follows an iterative approach to develop and refine possible analogies. The developed analogies are applied to a pool of nearly 100 energy-related research publications to test their relevance. The results highlight the need for integration between multiple disciplines and provide a relation between well-established financial principles as an alternative solution to real engineering challenges.

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