Sustainable Production System by Clément Morlat

Sustainable Production System by Clément Morlat

Author:Clément Morlat [Clément Morlat]
Language: eng
Format: epub
Publisher: Wiley-ISTE
Published: 2020-06-03T00:00:00+00:00


social Environment Economy Governance Societal

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Comptabilité Universelle® (Universal Accounting) is therefore an accounting system dedicated to the monetarization of positive externalities. The said external effects attributed to the entity are associated with accounting expenses and income to the income statement of each impacted area. And depending on whether the impacts of these effects are considered positive or negative for the entity’s business, these expenses and income are recorded as a reduction/increase in assets or liabilities on the balance sheet of this area (Schoun et al. 2012, p. 101).

This aspect corresponds to a weak approach to sustainability. However, it is partially offset by other characteristics that make it possible to limit the loss of information incurred by the declinations of neoclassical logic.

First of all, this method prohibits the consolidation of monetarized values between the balance sheets of different domains, considering that, “an economic balance sheet governed by the principle of exhaustiveness cannot be consolidated with balance sheets by areas (environment, social, societal, governance), which cannot by essence be exhaustive” and that, “an economic balance sheet cannot be consolidated with balance sheets of other areas whose indicators do not have a homogeneous scope” (Schoun et al. 2012, p. 48). This positioning avoids the trap of the compensation principle that results from the concept of overall factor productivity (see section 1.1.2.2).

Then, it adapts the analysis periods to the temporalities of the phenomena described by these domains, so that analysis time is no longer trapped in the annuality of the entity’s accounts. The time of renewal of an ecosystem, the time of restructuring a network of actors, or the time of the political process can thus be approached as they are, and not in a permanent tension with the time of financial capital.

Table 4.4. Summary of the major differences in the principles governing traditional accounting and Comptabilité Universelle® (Universal Accounting) (Schoun et al. 2012, p. 60)



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