1. Introduction Pg: 1 2. Background Pg: 2 3. History Pg: 2 4. Conventional Systems vs. SANGEA System Models Pg: 3 5. GAAP and iGAAP Pg: 4 6. How to Use SANGEA Pg: 5 7. Users of SANGEA Pg: 5 8. My Opinions Pg: 6-7 9. Appendices and Work Cited Pg: 8-22
Introduction
Mostly everything in the business world has a system they use to collect and report inventory. “SANGEA, an automated, electronic data management information system, is owned by API [American Petroleum Institute] and was designed to assist petroleum companies with estimating, managing and reporting greenhouse gas (GHG) [Greenhouse Gas] emissions.”1 This system covers the accounting and reporting of six greenhouse gases by the Kyoto Protocol such as: carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs), and sulphur hexafluoride (SF6). The actual idea is quite simple with the following objectives in mind: to help companies prepare a GHG inventory that represents a true and fair account of their emissions, through the use of standardized approaches and principles, to simplify and reduce the costs of compiling a GHG inventory, to provide business with information that can be used to build an effective strategy to manage and reduce GHG emissions, and to increase consistency and transparency in GHG accounting and reporting among various companies and GHG programs. Can this be the most efficient, consistent, auditable system for estimating, managing, and reporting greenhouse gas emissions inventory? It’s too early to tell; however, many companies are starting to convert to the SANGEA Accounting System.
Background The software uses Excel-and-Visual-Basic based tool for
