QUALITY COSTS FROM AN ENVIRONMENTAL ACCOUNTING PERSPECTIVE: THE CASE OF THE DEEPWATER HORIZON
QUALITY COSTS FROM AN ENVIRONMENTAL ACCOUNTING PERSPECTIVE: THE CASE OF THE DEEPWATER HORIZON
Author(s): Ali KESTANE, Süleyman YükçüSubject(s): Business Economy / Management, Energy and Environmental Studies, Environmental and Energy policy, Environmental interactions, Accounting - Business Administration, Socio-Economic Research
Published by: Association of Scientists and Intellectuals of Kosovo
Keywords: Environmental Accounting; Quality Costs; Corporate Sustainability;
Summary/Abstract: When we look at the past of human history, it is known that numerous events that cause loss of life and property have occurred. The negativities experienced arise due to both the human hand and the reactions of nature. The accident doesn't say I'm coming, but it can give a signal! Because when looking at the cause of many events, it is possible to see that some messages are actually hidden. For example, the decrease in the diversity of living species comes from the fact that humans are killing nature. Considering the losses here, it is not possible not to mention the concept of cost. It is clear that every positive or negative event or situation experienced has a cost in one's life. At this point, what is needed to manage costs and maintain human life on a higher quality ground? Just as nature prefers to receive in return for what it offers, human beings will want to receive in return for their attitudes and behaviors. Then, two key tools emerge, on which man must concentrate in the nature he lives in; quality and cost. Because, in the face of the concept of quality, which consists of living to the standards that should be, the costs, which are the cost of the relevant life, show themselves. Therefore, the issue of quality costs is very important in the continuation of human life. This study, it is aimed to examine the Deepwater Horizon oil platform accident in terms of quality costs and to make suggestions in terms of quality costs to prevent its recurrence. The aforementioned disaster has been evaluated over its quality costs, and a predictable cost table has been presented to avoid the repetition of its consequences. As a result of the study, it was concluded that the disaster in question killed sustainability. To avoid similar cases in the future, suggestions have been made for the costs of failure.
Journal: Prizren Social Science Journal
- Issue Year: 7/2023
- Issue No: 2
- Page Range: 1-11
- Page Count: 11
- Language: English