Post by account_disabled on Dec 20, 2023 4:22:16 GMT
Ms. Sinsiri Thangsombat, Head of Audit and Partner, PwC Thailand, revealed that global warming will affect financial reports in the future. After the international community issues regulations To work together to solve climate change problems, such as purchasing carbon credits that may result in asset impairment. or green financial instruments that may affect accounting Advise entrepreneurs to understand and assess the risks of setting green goals on the organization's financial reporting. In order to be able to plan environmental work appropriately, the international community has agreed on goals. and various measures In trying to control the average temperature of the world from increasing.
Issuing various regulations and consumer behavior It will also affect the financial statements in the future. “Global warming will affect financial statements. Therefore, agencies involved in issuing international Telegram Number Data accounting standards have published educational documents. It addresses accounting issues such as a commitment to net zero carbon emissions. or the purchase of carbon credits that may result in asset impairment. and issuing financial instruments that are linked to the environment, etc. These issues It is considered something that the company must study in detail and the impact that it may have on the financial statements. before setting any climate change goals,” Ms. Synsiri said. Ms. Synsiri said global warming may result in indications of asset impairment in some businesses. This causes the business to have to perform an impairment test.
For example, governments in some countries may set limits on the amount of carbon dioxide emissions. which if toxic gases are released beyond the prescribed limit Carbon credits must be purchased from the market. causing higher production costs In the case of changing consumer behavior This will cause demand for certain products to decrease, such as the trend of using electric cars instead of cars that use gasoline. Therefore, the business must assess whether Various machines Will it be able to generate cash flows that cover the book value of the assets? In addition, there are cases where some companies may communicate publicly. To conduct business that shows social and environmental responsibility.
Issuing various regulations and consumer behavior It will also affect the financial statements in the future. “Global warming will affect financial statements. Therefore, agencies involved in issuing international Telegram Number Data accounting standards have published educational documents. It addresses accounting issues such as a commitment to net zero carbon emissions. or the purchase of carbon credits that may result in asset impairment. and issuing financial instruments that are linked to the environment, etc. These issues It is considered something that the company must study in detail and the impact that it may have on the financial statements. before setting any climate change goals,” Ms. Synsiri said. Ms. Synsiri said global warming may result in indications of asset impairment in some businesses. This causes the business to have to perform an impairment test.
For example, governments in some countries may set limits on the amount of carbon dioxide emissions. which if toxic gases are released beyond the prescribed limit Carbon credits must be purchased from the market. causing higher production costs In the case of changing consumer behavior This will cause demand for certain products to decrease, such as the trend of using electric cars instead of cars that use gasoline. Therefore, the business must assess whether Various machines Will it be able to generate cash flows that cover the book value of the assets? In addition, there are cases where some companies may communicate publicly. To conduct business that shows social and environmental responsibility.