Accounting for Decision Makers in a Sustainable Environment

Samuel O. Idowu ()
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Samuel O. Idowu: London Metropolitan Business School, London Metropolitan University

Chapter Chapter 13 in Theory and Practice of Corporate Social Responsibility, 2011, pp 209-228 from Springer

Abstract: Abstract This chapter discusses accounting for decision makers in a sustainable environment using some traditional accounting techniques which accountants and corporate managers use when making both short term and long term financial decisions. The chapter discusses these accounting techniques not in terms of the traditional bottom line results focus but in relation to sustainability, corporate social responsibility and the future of planet Earth in mind. It explores how these techniques have been adapted to take cognisance of sustainable issues using some of the principles scholars have advocated that we should use when embedding issues relating to Social and Environmental Accounting (SEA) and Environmental Management Accounting (EMA) in planning, control and decision making activities of an entity. This was considered necessary since it has been argued that those companies adopting socially responsible ethos are likely to remain more competitive and therefore better able to satisfy the requirements of their traditional bottom line results and sustainable development than those companies which do not adopt these principles.

Keywords: Corporate Social Responsibility; Environmental Cost; Accountancy Profession; Corporate Entity; Discount Cash Flow (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-16461-3_13

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DOI: 10.1007/978-3-642-16461-3_13

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