StudentShare solutions
Triangle menu

Green Accounting - Essay Example

Nobody downloaded yet
It is based on the existing financial accounting standards. In United Kingdom it is a combination of a company law and company accounting standards framed by the regulatory bodies which is utilised by the accounting professionals of UK (Sigma Projects, 2003). Different countries follow different kinds of GAAP (Generally Accepted Accounting Principles) accounting principles based on their regulatory and legal frameworks. Sustainability and sustainable accounting have different meanings and applications. The concept was first coined by Brundtland Commission and published in the report Our Common Future in the year 1987 (Christofi and Sisaye, 2006). It involves the effective and optimum utilisation of resources and reducing carbon emissions, wastage, environmental impacts. Sustainability accounting on the other hand helps in the financial reporting and communication about the sustainability initiatives and actions to the shareholder’s and stakeholders of the company. ...
The global climate change has been the result of the industrialisation process that has caused carbon emissions, global warming and weather extremities such as drought and floods (Khan, 2011). It has helped companies to identify their past and potential future environmental impacts and benefits in addition to the historical and financial outcomes from their business activities. It also provides forward-looking information to help the companies implement and formulate strategic solutions to strengthen the business performance and to respond to the sustainability challenges that the environment faces. Sustainability accounting also helps in the risk management through identification and analysis of sustainability related risks and opportunities. Interdisciplinary relationships between ASD practices and organisational success The main purpose of sustainability accounting reporting is measuring, disclosing and being accountable to the stakeholders of the company to evaluate the organisational performance. Sustainability accounting is a broad term used for describing financial reporting on the environmental, economic, social impacts (World Commission on Environment and Development, 2006). A sustainability accounting report should be able to provide a relevant and balanced representation of the sustainability performance of the company (World Commission on Environment and Development, 2006). The various purposes of sustainability report are as follows 1) Demonstrating how the organisation is influenced and influences by expectations about the sustainable development. 2) Benchmarking and analyzing the sustainability performance of the company with respect to the norms and regulations of the regulatory ...Show more


Green Accounting Introduction Accounting for Sustainability Development Sustainability Accounting is a tool which can be employed to assist companies in becoming more sustainable. It identifies the importance of financial information in the transformation and shows how traditional methods of accounting can be extended to take account of sustainability impacts at the organisational level (Sigma Projects, 2003)…
Author : morargarrick
Green Accounting
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Green Accounting"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Benefits of Going Green
The main initiatives by corporate managers include inclusion of environmental vision along with other managerial issues into corporate culture, integration of environmental policy and environmental management system, continuous monitoring of the environment management system and careful decision.
12 pages (3000 words) Essay
Green Supply Chain
Old vehicles are replaced with new vehicles and the company implements new technology that ensures their vehicles are efficient. Drivers are made aware on the importance of preserving and conserving the environment. Stagecoach should ensure that green supply chain is connected to its transportation business to reduce cost and increase outputs.
6 pages (1500 words) Essay
Critically discuss the development of green and ethical accounting practices as a new accounting discipline
The information and data offered by environmental accounts are resolved to be in association to the involvement of natural resources in economic progress, and costs incurred, as a result, of resource degradation or pollution. Over the years, there has been increasing significance of business ethics and ethical resolution making, due to demands placed on business administrators by creditors, stockholders and other stakeholders affected by operations and financial performance of these businesses (Farouk, Cherian & Jacob 2012, p.
6 pages (1500 words) Essay
Research Proposal
This increased the environmental awareness level even in the business domain. The organizations for global business and industries round the world have taken various steps to understand and fight against the risk of climate changes and greenhouse gas emission.
6 pages (1500 words) Essay
Forensic Accounting in Practice
During the period of recent economic downturn, the accounting practices have been widely been recognized to undergo radical changes that have largely resulted from the controversies faced by various renowned organizations along with emergence of accounting scandals across the globe.
7 pages (1750 words) Essay
Management accounting and financial accounting
The expert accounting conception and scientific accounting dexterity regarding measurement of performance, analysis, auditing and final reporting are as well pertinent to the supervision of healthy and sustainable ecological performance. With the increased international community's recognition of the ecological concerns, so has there been a simultaneously increased demand on accountants to provide comprehensive ecological costs and information on performance.
12 pages (3000 words) Essay
Finance and Accounting
The decision makers of both the private companies and public bodies do not recognize the economic significance of the natural resources and the need of environmental performance. Apart from market reputation, there exist few incentives to
11 pages (2750 words) Essay
Green Energy
But because of the harmful environmental effects of the nuclear wastes, environmentalists oppose the inclusion of nuclear energy under green energy. The aim of coining the term green energy was to separate the less polluting fossil fuel from the more polluting
2 pages (500 words) Essay
Accounting,Sustainability and Ethics
Accounting for sustainability is undertaken using various tools and techniques. Most organizations have adopted giving an environmental profit and loss account as the annex of their financial report.
6 pages (1500 words) Essay
Accounting Proposal
Accounting is a critical factor in the success of any business organisation whether large or small. It is instrumental for the management to make critical decisions revolving around production, sales and marketing, human resource planning, management of supplies and
2 pages (500 words) Essay
Comments (0)
Click to create a comment
Let us find you another Essay on topic Green Accounting 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