Why Full Cost Accounting

In this video we explain the concept of full cost accounting and why it can be an effective method for managing common natural and social resources in a distributed fashion through the market. Full cost accounting refers to accounting for the complete cost or benefit of some product or service in terms of its social, economic and environmental impacts. It represents an expansion of our traditional accounting systems to incorporate the full set of impacts relating to a given economic activity.

2017-05-13T13:26:56+00:00