Green Accounting.docx

Green Accounting.docx - GREEN ACCOUNTING Introduction As...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
GREEN ACCOUNTING Introduction: As the 21 st Century continues to be an age of progress and prosperity, more and more emphasis is being laid on the nature and the Environment that surrounds us. Humans have already caused damage that is beyond repair to the Environment that surrounds them. However, recognizing the importance that the Environment plays in our survival and careful assessment of the damages and repercussions that the world would have to face in the long run, is leading more and more organizations, governments and associations to recognize not just the need to protect the environment but also to create awareness among the masses about the importance of the Environment. Just as Environmental awareness today is growing at a pace like no other; so is the need to account for the well-being of the Environment. Corporates and Businesses alike are understanding and formulating steps to promote green and environmentally friendly causes for the present and the future. Among various other steps that are being taken in this regard is a new branch of accounting called “Environmental accounting or green accounting”. It is also called resource accounting or integrated accounting. Meaning and History: The term Environmental accounting was used for the first time in the year 1980s by Professor Peter Wood. Environmental accounting or green accounting is a new branch of accounting that aims at accounting for the Environment and its well-being. Although it is a completely new field/branch of study and practice; it’s soon gaining relevance because of its importance. In addition to
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern