Accounting Theory Greening Fish Farming

Question: Describe about the Accounting Theory for Greening Fish Farming. Answer: 1. In the provided case study, it is clearly observed that the company Bio-Sustainable Feeds Ltd focuses on their CSR activities in order to improve the sustainability of the organization. The research and the development department of Bio-Sustainable Feeds Ltd focus for the reduction of usage of natural resources and thereby the garbages are used for the preparation of fish feed in the organization of Bio-Sustainable Feeds Ltd (B. Rust, 2011). The company with the help of the business activities, improves the environmental impact and henceforth able to create social acceptance. 2. Particulars Debit ($) Credit ($) Grant 500 Commonwealth Scientific and Industrial Research Organization 500 Alternative aquaculture feeds 100 Cash 100 Research 500 cash 500 Development cost 200 cash 200 Patent 700 Cash 700 The journal shows the cash received and the incurred expenses by the company Bio-Sustainable Feeds Ltd from the year 2013 to 2016. 3. The cost that was estimated for the research is about $160 million AUD and another cost that is estimated for bringing it to the market in the form of patent is about $200 million AUD. By selling the patent at $500 million AUD to the company CSIRO, the company BSF Ltd gained the entire amount with profit (Chung, 2016). The discount rate of the project is 8% per annum. The market value of the patent is about $700 AUD. Henceforth the determination also helps in the evaluation of the growth of company. References Rust, M. (2011).The Future of Aquafeeds. [online] https://www.nmfs.noaa.gov/aquaculture/docs/feeds/the_future_of_aquafeeds_final.pdf. Available at: https://www.nmfs.noaa.gov/aquaculture/docs/feeds/the_future_of_aquafeeds_final.pdf [Accessed 16 Sep. 2016]. Chung, E. (2016).'Greener' fish farming could lead to unhealthier seafood. [online] CBC News. Available at: https://www.cbc.ca/news/technology/aquaculture-feed-1.3262922 [Accessed 16 Sep. 2016].