Current Trends within Sustainability Accounting Research: A Critical Literature Review

Abstract

This paper aims to address and assess the efforts of different scholars regarding the Current significance of Sustainability Accounting and its financial impacts through assessing the academic literature. The main goal of this study is to offer insights into the current state of Sustainability Accounting Research. This study summarizes the accounting literature in Sustainability Accounting areas and evaluates accounting researchers’ efforts in suggesting solutions to face specific challenges. The researcher provides a literature review of the current trends within this area in a concise and harmonized manner for a broader audience in academia and practice. The study found that given the importance of sustainability accounting for both current and future generations, the accounting literature revealed considerable attention towards the issues of sustainability and the roles it plays in legitimating business claimed belief in the sustainability of business operations. Also, Sustainability Accounting has more opportunities for growth. This study can be considered one of the few Egyptian theoretically based studies to evaluate the efforts of different scholars regarding sustainability accounting both in Egypt and Worldwide. Its conclusions, therefore, serve as a foundational basis for further empirical and theoretical examination. Keywords: Sustainability Accounting, Corporate Social Responsibility (CSR), Stakeholders, Shareholders, Financial Performance, Financial position, Firm value, USA, Egypt.