Abstract

The increasing consciousness about environmental protection has encouraged the development of environmental accounting and reporting. Within the globalized economy environmental accounting and reporting has been recognised as an essential mean for the management of environmental performance. Still there exists a limitation in adopting environmental accounting practices by the corporate due to non-existence of standard environmental accounting procedure. Therefore, it is not mandatory for the corporate of India to disclose the environmental related costs and benefits except certain industries. In this paper we have made an attempt to discuss mainly the theoretical foundation of environmental accounting and reporting practices in India and also taking some practical examples. Our study is based on secondary data. We have observed that there is wide scope for the development of environmental accounting and reporting.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call