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Critically discuss the development of green and ethical accounting practices as a new accounting discipline - Essay Example
Author : leonieritchie
Finance & Accounting
Pages 6 (1506 words)
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…
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. ...
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