Author Archives: susuaung

Posts by susuaung

Future House

This is a future house that I envisioned. The main feature of this house is that it has legs, which would life the house up in case of flooding to prevent the water from getting into the house. The legs would be controlled from the inside by pushing a button. The house will also have several other features, which I am not too sure what exactly they will be, but they would help the house be more resilient to the climate change.

Role of Accountants on Sustainability

The article, What is the Accounting Profession’s Role in Accountability of Economic, Social, and Environmental Issues? by Anna L. Lusher, states that “The Big Four Accounting Firms have developed Corporate Social Responsibility (CSR) frameworks that encompass community, environment, marketplace, and workplace issues for companies that desired to provide more comprehensive reports to their stakeholders” (14). Moreover, some organizations are now voluntarily producing CSR reports as it enhances their reputation, create consistent frameworks across global networks, reduce operating costs and etc. However, neither International Financial Reporting Standards (IFRS) nor US Generally Accepted Accounting Standards (GAAP) provides a framework for preparing corporate sustainability reports. Should a common set of principles, standards and procedures be set for green accounting, or is it the responsibilities of the accounts to influence companies into voluntarily integrate sustainability into every facet of the organizations?

Comments by susuaung

"This is basically one of the oldest issues in psychology: nature vs. nurture. To what extent heredity and environment shape who we are? As the world around us is constantly evolving, I believe that our ideas and thoughts are evolving as well. With the scientific advancements in society, certain ideas can easily be proven wrong. Nonetheless, they are very interrelated as our innovations create the new technologies and the new technologies then again influence our ideas."
--( posted on Feb 10, 2014, commenting on the post Can Top-Down and Bottom-Up Coexist? )