IFRS and environmental accounting

Minga Negash

Management Research Review, 2012, vol. 35, issue 7, 577-601

Abstract: Purpose - The purpose of this paper is to examine whether International Financial Reporting Standards (IFRS) can be used for monitoring environmental degradation. A comprehensive review of academic and professional literature indicates that the IFRS regime provides useful conceptual and practical frameworks for monitoring firms that are operating in environmentally sensitive industries. Design/methodology/approach - Using qualitative and case study research methods, the financial statements of three environmentally sensitive companies were studied. Findings - The sustainability reports produced by the companies contained both information and propaganda. The credibility of published sustainability reports is unclear. The size and adequacy of the contributions of the companies towards sharing the costs of decommissioning, rehabilitation and restoration of the environment are not disclosed. A new statement is proposed. Practical implications - Policy implications at national and international level are many. Social implications - The paper shows that environment has both financial and non‐financial implications. The effects of environmental degradations on the habitat and society are serious. Originality/value - The paper contributes to new knowledge in several ways. There are at least three major conclusions from this paper, and the ideas are original.

Keywords: Financial reporting; International standards; International Financial Reporting Standards; Globalization; Environmental accounting; Sustainability reports (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (text/html)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (application/pdf)
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eme:mrrpps:v:35:y:2012:i:7:p:577-601

DOI: 10.1108/01409171211238811

Access Statistics for this article

Management Research Review is currently edited by Dr Jay Janney and Prof Lerong He

More articles in Management Research Review from Emerald Group Publishing Limited
Bibliographic data for series maintained by Emerald Support ().