ISO 9001:2015

ENVIRONMENT ACCOUNTING: THE ACCOUNTING FOR THE NATURE

Md. Ejaz Ahmad

Environmental accounting may be a field that's emerging and developing. To incorporate environmental information in the register of an organization is a technique to begin to incorporate sustainable development in everyday business decisions, and in the future, hopefully reduce the impact our society has on the environment. a awfully important function of environmental accounting is to bring environmental costs to the eye of managers, therefore, motivating them to spot ways to scale back and or avoid economic costs associated with the environment, and at the identical time reduce the company’s environmental impact. The implementation of a whole and detailed environmental method of accounting may be an extended, complex, highly technical and expensive task. But the scope of environmental accounting will be as complete or limited because the organization decides. One among the characteristics of environmental accounting is that it will be implemented piecemeal. A business can start with a basic environmental method of accounting, where basic environmental costs like waste, water, and electricity usage are differentiated in the book of account, and using this newly highlighted information, production processes is optimized. In future stages, once the primary positive results are obtained, more complex environmental costs is included. The number of accessible literature in the field of environmental accounting is increasing rapidly, particularly in the recent year, At the identical time, case studies are being published during which environmental accounting systems are implemented. Therefore, producing a document that summarizes the foremost important problems with environmental accounting would be valuable. Most of those studies focus on the idea of environmental accounting, on environmental costs, and their valuation and on case studies for big companies. However, little or no of has been written about environmental accounting in Indian public and personal sector companies or about practical and simple steps for implementing environmental accounting. As a consequence, focusing comprehensive on this can be one in all the objectives of this text.

 

KEYWORDS: Environment, Industrialization, Accounting, Influences, Information, Technical Expertise.


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