Environmental Costs and Environmental Information Disclosure in the Accounting Systems
Journal Title: International Journal of Academic Research in Accounting, Finance and Management Sciences - Year 2015, Vol 5, Issue 1
Abstract
Nowadays, the effects of human societies have increased on environment due to technological and industrial development. So environment variations could affect human beings like other animal species. Given the importance of environmental costs, one can consider them as a parts of final cost of products or services in business units , so failure to report these costs in financial statements cause to firstly that environmental costs remain hidden and unknown to the management and necessary actions to control them fail to do , and secondly that failure to report environmental costs as a parts of final cost would undermine the most important qualitative characteristic of accounting information namely their reliability. This environmental accounting facilitates environmental costs management and reducing costs through making the relationships between costs and their underlying activities. Researches in recent years led to the criticism about the framework of traditional financial reporting and its ability to provide a complete list of company activities and its accountability. Social and environmental reporting is a tool to account companies against their performance. The reports should provide impartial information which allows beneficiaries to provide a reliable estimation of their social and environmental performance.
Authors and Affiliations
Hamid Ravanpak Noodezh, Salehe Moghimi
Keywords
Related Articles
- EP ID EP153003
- DOI 10.6007/IJARAFMS/v5-i1/1412
- Views 103
- Downloads 0
The Role of Romanian Communities in the Diaspora to Promote Romanian International Tourism
Due to its natural and antropic tourist resources – cultural, historical, religious, technical, economic and socio – demographic – Romania can answer a large scale of travel motivations and accordingly, it may attract mo...
The analysis on the Evolution of Capital Market basically in Romania during 1995 – November 2011
This work proposes a study on the evolution of capital market basically in Romania during 1995 - November 2011, focusing on the effects that economic crisis has had on the field, as well as how to recover. To complete th...
Examining the Effects of Services Quality Gap Based on the Customer Loyalty and Satisfaction through SERVQUAL Method (Saadat Poya Teb Company as a Case Study)
In the today’s competitive world, the organizations’ survive depends on its customers. Indeed, customer loyalty is one of the main factors for achieving competitive advantage. On the other hand, services quality is one o...
Is Work-Family Conflict a Predictor of Organisational Commitment Among Rural Working Women in Ebonyi State, Nigeria?
Public sector organisations in Ebonyi State are grappling with counterproductive behaviours suggestive of employees’ low commitment to their organisations; a situation that has invoked several government interventions ai...
Forestalling Ingenious Approach to Financial Reporting in Post IFRS Regime in Dangote Cement Company Nigeria PLC
This research work focused on the role played by predictive models in proactively forestalling ingenious approaches otherwise known as creative accounting to IFRS based financial reporting practices of manufacturing comp...