Auditing

Green Accounting or Environmental Accounting

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Abstract

Various States have their own policies and programs for the formulation and the implementation of green accounting. Nevertheless, there is no country with regulations and rules in place obligating companies to issue a firm-wide stand-alone report on the performance on the environment; this can affect zonal, regional and international societies. This research paper aims at exploring the concepts of green accounting and the probability of widening the applicability of the green reporting concepts used by government officials to make businesses responsible for their externalities. The paper discusses the significance of green accounting as the section of the accounting knowledge and education, outlines the past and the present mandatory and regulatory status of green accounting and its association with different professions. It also proposes a compulsory environmental filing system and examines its probable benefits and characteristics. The fundamental aim of the system is to track the entire life cycle of every key resource and to gauge the impact of businesses on the hosting community. The research uses both primary and secondary data to analyse and discuss its findings.

Table of Contents

Abstract 2

Background and the Relevance of the Sstudy 5

Relevance of the Study 6

Project Description 9

Literature Review 9

Present Status of Environmental Aaccounting 10

Environmental Aaccounting Iimplementation Awareness 10

Stand-Alone Implementation of Environmental Aaccounting and Reporting 11

Mandated Environmental Aaccounting and Reporting Annual Reports 11

Standards for and Benefits of Environmental Reporting 13

Sustainable Development 13

Need for Green Accounting at Corporate Level 15

Subject Matter of Green Accounting 16

General Advantages of Green Accounting...