Contemporary Approach of Owners and Managers to Environmental Costs and Externalities of Company Sustainable Development

Současný přístup vlastníků a manažerů k environmentálním nákladům a externalitám udržitelného rozvoje společnosti

Bohuslava Knapová

Český finanční a účetní časopis, 2011, vol. 2011, issue 4, 172-178

Abstract: One of main targets of each company is performance growth and thrifty approach to the life environment. It is evident that owners and managers need to have available information about environmental issues and their economic results in the social environment. That´s why the accounting system should be conformable to new information needs; it should cover the economic, environmental and social connections of business in the area of expenses/costs and incomes. It is necessary to work with the allocation of costs to responsibility centres, business activities and outputs for purposes of the right decision making of owners and managers. With the decision making of environmental issues it is not possible to omit the existence of externalities and their negative and positive results in the scopus of company sustainable development.

Keywords: Sustainable development; Environmental accounting; Environmental expenses/costs; Positive and negative externalities; Economic; environmental and social aspects and connections; Udržitelný rozvoj; Environmentální účetnictví; Environmentální náklady; Pozitivní a negativní externality; Ekonomické; environmentální a sociální aspekty a souvislosti (search for similar items in EconPapers)
JEL-codes: G30 M41 (search for similar items in EconPapers)
Date: 2011
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DOI: 10.18267/j.cfuc.171

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