StudentShare solutions
Triangle menu

Critically discuss the development of green and ethical accounting practices as a new accounting discipline - Essay Example

Nobody downloaded yet

Extract of sample
Critically discuss the development of green and ethical accounting practices as a new accounting discipline

36). Anticipations of high principles of ethical corporate conduct are rising as corporations face economic and legal penalties for pursuing illegal and unethical practices. Businesses cause environmental degradation, which have negative impacts on society. Environmental degradation is an ethical concern among businesses and society. As a result, businesses have developed corporate strategies in order to address the growing concern of unethical behavior such as environmental degradation (Gowthorpe & Blake 1998, p. 178). This paper seeks to discuss the development of environmental and ethical bookkeeping practices as a new bookkeeping discipline. Green and Ethical Accounting Practices The advantage of corporate environmental bookkeeping initiative is recognized the capability, to establish and create consciousness regarding expenditures related to surroundings, which in turn assists in identifying the methods for avoiding and reducing such costs. This corporate environmental initiative has assisted in the improvement of the environment. The ecological costs that arise as a result of the financial results of a company’s operation may be established by means of environmental bookkeeping tool. The operational performance of an organization may be established with an aid of certain processes such as documentation and exposure of emissions of conservatory gases (Farouk, Cherian & Jacob 2012, p. 37). Aronson and Lofgren (2010, p. 21) argue that society commends for the ecological responsible conduct from businesses and government by investigating the environmental degradation and tragedies of world’s ecosystem. Businesses are given this responsibility by the society for solving the ethical troubles by considering either preserving the environment or promoting their profit. Wells (2013, p. 13) argues that there ought to be homogeneous and quantitative measures with an aim of controlling the business activities polluting the surroundings before executing a condition in which businesses are required to clean the effluence emitted by them. It is better preventing environmental degradation rather than avoiding since most of the ecological damages may not be restructured. Wells (2013, p. 18) recommends the establishment of environmental bookkeeping system in order to avert environmental degradation. The system deems the monetary measures, which have an impact on energy generation and utilization on environment. As a result of the process, the energy plant that highly affects natural resources is deemed and consequent actions needed are conducted. He also recommends that ethical predicaments may be resolved when ecological stewardship is put in terms of monetary way, and that achieves extra significance from business. The significance of the ecological predicaments has been augmented, as a result, of the continuous degradation of ecosystem and increasing ecological tragedies. Schaltergger & Burritt (2000, p. 44) argues that in order to entail ecological predicaments in normal life it is imperative to consider these predicaments with respect to legal, technical, economic, financial and accounting levels. In view of the ecological factors in terms of the economy for instance costs of products and services, ...Show more


Name: Tutor: Course: Date: University: The Development of Green and Ethical Accounting Practices as a New Accounting Discipline Introduction Green accounting is deemed to be a significant mechanism of understanding the powerful factors of natural surroundings with respect to the economy…
Author : leonieritchie
Critically discuss the development of green and ethical accounting practices as a new accounting discipline
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Critically discuss the development of green and ethical accounting practices as a new accounting discipline"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Social Accounting Practices
A theoretical framework is a “set of interrelated constructs (concepts), definitions, and propositions that presents a systematic view of phenomena by specifying relations among variables.” (Sevilla et al., 1992) In this research study, the main framework is to describe social accounting practices in Thai rural society.
8 pages (2000 words) Essay
Green Accounting
The main objective is to extend the range of monetised information which covers social, environmental and economic impact on which decisions are made. Sustainability accounting has been defined as the generation, analysis and use of monetarised environmental and socially related information in order to improve corporate environmental, social and economic performance (Sigma Projects, 2003).
10 pages (2500 words) Essay
Accounting practices
The 'Pooling Method', used at present, imposes added costs to the users and prepares of the financial statements. The allocation of resources is also adversely affected, for want of credible information.
2 pages (500 words) Essay
Managerial Accounting Practices
An overview of Claire’s Antiques reveals that it had been in the business for the past ten years and is now striving hard to grow its product line and target customer market. It manufactures only three types of antiques – clock, dinette sets and bedroom suites. These products have different market share, varying profit.
3 pages (750 words) Essay
Accounting Education and the Development of Ethical Maturity
Corporate scandals such as the collapse of Enron invariably turn the attention of the public to the ethical stance of accountants and the ethical values of financial analysts and evaluators as also their claim to professionalism. Professionalism is clearly associated with ethical integrity and this is especially true on the case of financial reporting and accounting.
12 pages (3000 words) Essay
Managerial Accounting Practices
you did not think it fit and proper to examine the financial statements prepared by the external accounting department discloses your dissatisfaction with the present state of affairs within the Company, and mostly with the present inventory and accounting system. The
5 pages (1250 words) Essay
Managerial Accounting Practices
While financial accounting provide information to the external stakeholders such as stockholders, creditors, and government bodies, managerial
3 pages (750 words) Essay
Managerial Accounting Practices
In contrast to its sister area, financial accounting which is particularly related to providing financial data to external stakeholders, its purpose is to provide accounting information to internal stakeholder of an
2 pages (500 words) Essay
Critically consider whether the study of the history and development of accounting promotes an understanding of present accounting practices
A good understanding and rationality of the subject for the members and professionals comes from appreciation of intellectual heritage, import of thought advancement, literature
10 pages (2500 words) Essay
Critically discuss the influences from outside accounting which have affected the development of financial reporting in various countries
eporting various factors such as the nation’s political state, environmental and legal among others tend to affect from the outside of accounting and this has hampered the development of the financial reporting in diverse nations. This essay seeks to examine the aspects that
3 pages (750 words) Essay
Comments (0)
Click to create a comment
Let us find you another Essay on topic Critically discuss the development of green and ethical accounting practices as a new accounting discipline for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
Join us:
Contact Us