Wyoff and China - LuQuan
Abstract
Today, the environment is changing rapidly and we are obviously heading towards a disaster. The responsibility for such changes comes on the shoulder of business community to a large extent. And it is customary that businesses are disturbing the smooth flow of environmental structure through their thoughtless operations. So, business community should have and practice its moral commitment towards the society by spending for tackling environment. Environmental accounting emerges as a tool to prove this commitment where costs from business communities’ point of view and effects from society’s point of view are balanced. In this paper, I have tried to define environmental accounting with its scope.
Introduction
Our planet is in great danger. Facing the modern age, the world is dealing with a lot of problems. The world is heating up because of global warming, corals and other marine life are dying because of oil spills and water pollution, and people with asthma are both dying and decreasing because of air pollution. But what would and accountant do? Auditing, Financial Statement, Taxation and Bookkeeping from mere looking at it, it’s all about accounting. Every professional and non-professional including accounting student knows that. But has everybody know about Environmental Accounting?
What is Green Accounting?
Green accounting is a type of accounting that attempts to factor environmental costs into the financial results of operations. It has been argued that gross domestic product ignores the environment and therefore decision makers need a revised model that incorporates green accounting.
Green accounting also referred as Environmental Accounting is defined as an important tool for understanding the role played by the environment in the economy as a mutual relationship is identified between the two. Environmental accounting prepares accounts that exhibit the cost of environmental
Today, the environment is changing rapidly and we are obviously heading towards a disaster. The responsibility for such changes comes on the shoulder of business community to a large extent. And it is customary that businesses are disturbing the smooth flow of environmental structure through their thoughtless operations. So, business community should have and practice its moral commitment towards the society by spending for tackling environment. Environmental accounting emerges as a tool to prove this commitment where costs from business communities’ point of view and effects from society’s point of view are balanced. In this paper, I have tried to define environmental accounting with its scope.
Introduction
Our planet is in great danger. Facing the modern age, the world is dealing with a lot of problems. The world is heating up because of global warming, corals and other marine life are dying because of oil spills and water pollution, and people with asthma are both dying and decreasing because of air pollution. But what would and accountant do? Auditing, Financial Statement, Taxation and Bookkeeping from mere looking at it, it’s all about accounting. Every professional and non-professional including accounting student knows that. But has everybody know about Environmental Accounting?
What is Green Accounting?
Green accounting is a type of accounting that attempts to factor environmental costs into the financial results of operations. It has been argued that gross domestic product ignores the environment and therefore decision makers need a revised model that incorporates green accounting.
Green accounting also referred as Environmental Accounting is defined as an important tool for understanding the role played by the environment in the economy as a mutual relationship is identified between the two. Environmental accounting prepares accounts that exhibit the cost of environmental