Environmental Accounting

Examining towards the integration of Environmental Accounting and its Implication on the Financial Performance of a Company

[Name of the Institute]

Executive Summary

This report is based on the work of different scholars and researcher. The work of researchers shows that the integration of environmental accounting has positive impact on the financial performance of the companies. The point here is that most of the companies are not aware of the positive impact of this integration. Companies are still in the process of finding the positive results of this integration. In other words this can also be said that companies are in experimental process and some companies are waiting for the result of experiments. Another issue is regarding the implementation of environmental accounting in the accounting system of the companies. There are no such standards and rules for its implementation in the general accounting system. The companies are also aware of the calculations for the consumption of natural resources.

The problem is in the form of recording the expenses and costs by consuming natural resources. In the above study, the calculations and the form in which the amount must be taken in the accounts of company is mentioned. This will help companies in implementing the environmental costs in their accounting systems. There are also many other environmental costs. This study has taken only those costs in which the work is done and it is proposed that these forms can be applied. The positive impact of integration of environmental accounting on the financial performance of the firms is shown which the help of evidence and research work. There are also many other evidences found in the international boundaries. The impact and the reason for this impact are logical and have true foundation for its application.

Declaration

I hereby declare that this report is my own work and effort and that it has not been submitted anywhere for any award. Where other sources of information have been used, they have been acknowledged

Signature: ……………………………………….

Date: …………………………………………….

TABLE OF CONTENTS

DECLARATIONIII

EXAMINING TOWARDS THE INTEGRATION OF ENVIRONMENTAL ACCOUNTING AND ITS IMPLICATION ON THE FINANCIAL PERFORMANCE OF A COMPANY1

INTRODUCTION1

PROBLEM OF THE RESEARCH2

RESEARCH QUESTIONS3

ARTICLE FOR PARTICULAR COMPANY3

CONTEXT OF THE STUDY4

FINANCIAL PERFORMANCE7

ENVIRONMENTAL ACCOUNTING STATEMENTS9

REPORTING ISSUES OF ENVIRONMENTAL ACCOUNTING10

GLOBAL WARMING CONTRIBUTION10

ENERGY USE11

WATER USE11

OZONE LAYER12

USE OF MATERIALS12

RELIABILITY OF EVIDENCE13

RELIABILITY OF DATA14

TIME PERIOD OF THE STUDY14

SIZE OF THE ORGANIZATION15

KNOWLEDGE/ INFORMATION15

Examining towards the integration of Environmental Accounting and its Implication on the Financial Performance of a Company

Introduction

The concept of environmental accounting is considered as most modern concepts which have taken the attention of various industries and regulatory bodies of the world. Environmental cost accounting indicates the environmental cost account of any economical business whether it is of a country, region or in the whole world. The reason behind generating this concept in accounting though is that the image of the manufacturing companies must not only focus on the profits. There are responsibilities and goals related to social and environment. These responsibilities must be borne by manufacturing companies towards environment and society. Environmental cost means calculation for the natural resources ...