Green Accounting: A Desire, Desideratum and Demand of Todays' Current Scenario

Vertika Agarwal and Dr. V.K. Agarwal
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Vertika Agarwal: Research Scholar, IP College, Bulandshahr
Dr. V.K. Agarwal: Principal, IP College, Bulandshahr

Journal of Commerce and Trade, 2018, vol. 13, issue 1, 128-135

Abstract: Green accounting attempts to detect and focus the resources consumed and the costs rendered by an industrial unit to the environment. For the sustainable development of mankind, a healthy environment is indispensable. Gradually, therefore, in many countries including India, environment matters are being given top most priority. Accounting and disclosure of environmental matters have been increasingly manifesting as an important dimension of corporate accounting and reporting practices. But, as conventional accounting deals with mainly non-living things, the formulation of valuation, and measurement and accounting techniques for incorporating environment-related matters in the corporate financial statement sometimes creates problems for the accountant. In the light of this situation, the conceptual analysis of the study is concerned with the rationale of environmental accounting on the economy and society as a whole, and focuses the failures of the traditional accounting system. A modest attempt has been made to throw light on the environmental awareness in developing nations like India and discuss the problems associated with the implementation of environmental accounting. The conceptual study also reflects that despite different anomalies, environmental accounting is becoming an increasing important aspect of the accounting agenda within the corporate sector in India. Lastly, a conclusion, along with recommendations, has been given to overcome the situation.

Keywords: Market; Investment Decisions; Capital Market. (search for similar items in EconPapers)
JEL-codes: M41 M48 R41 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:jct:journl:v:13:y:2018:i:1:p:128-135

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