Greening Accounting II: Exploring Feasibility of Environmental Accounting Framework

Somnath Debnath

A chapter in Accounting and Corporate Reporting - Today and Tomorrow from IntechOpen

Abstract: Exploring the theme of greening accounting in the previous chapter led us to examine the challenges of managerial accounting in supporting firms with the environmentally conscious decision-making and ideate how integrating environmental viewpoint within accounting can be achieved through a new construct that would support firms in integrating 'environmental well-being' as a core concern. In this chapter, the argument is validated by experimenting with a real-life case study and exploring challenges to enact the proposed construct. This not only tests the feasibility of the construct from an accounting perspective, including how information generated through it could be leveraged to meet corresponding information needs of firms without sacrificing transparency and auditability, but also advances the argument of greening accounting to redefine how the concerned information needs of firms and stakeholders can be identified and perceived in relation to the micro-level application of sustainability.

Keywords: environmental accounting; double-entry system; externalities; accounting dimensions; case study (search for similar items in EconPapers)
JEL-codes: G0 M41 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ito:pchaps:119622

DOI: 10.5772/intechopen.68403

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