Project description
1.understand the role of accounting within an organisation
2.understand the importance and use of internal control systems
3.evaluate the accounting system and identify areas for improvement
4.conduct an ethical evaluation of the accounting systems
5.conduct a sustainability evaluation of the accounting system
6.make recommendations to improve the accounting system
The tragedy of the commons is an economics theory by Garrett Hardin, according to which
individuals, acting independently and rationally according to each one’s self-interest, behave
contrary to the whole group’s long-term best interests by depleting some common resource. The
concept is often cited in connection with sustainable development, meshing economic growth and
environmental protection, as well as in the debate over global warming. “Commons” can include
the atmosphere, oceans, rivers, fish stocks, national parks and any other shared resource. The
tragedy of the commons has particular relevance in analyzing behavior in the fields
of economics,evolutionary psychology, anthropology, game theory, politics, taxation, andsociology.
Some also see the “tragedy” as an example of emergent behavior, the outcome of individual
interactions in a complex system.
(Wikipedia 2014: httgz//enwikigediaorg/wiki/Tragedy of the commons)
