Triple Bottom Line Accounting: A Conceptual Expose

Abstract

This paper is centered on Triple Bottom line Accounting (TBL) which has now become an important issue in the business accounting. The objective of this study is to review the concept TBL, explain how it can be useful to business, policy makers and economic development practitioners and highlights some current examples on how TBL reporting can be practicalized. To achieve the above stated objectives, the researcher explains the concept of TBL, measures of TBL, its advantages and disadvantages and the Operationalization of TBL. The study was concluded in favour of TBL because by adopting TBL reporting, businesses understand that they are held to specific principles that are developed by internal and external forces. For this reason, they will need to focus on the impact that their operations have on the community. This change of mindset will, typically, be followed by changes in ordinary, everyday operations to increase transparency.