A Study on Green Accounting: Concept and its Importance

Mr.Shashidhara D.; Dr (smt) Chandramma M.

Volume : VIII, Issue : IX, September - 2019

A Study on Green Accounting: Concept and its Importance

Mr. Shashidhara D. , Dr Smt Chandramma M.

Abstract :

Environment protection is a major issue for all time. Still Environment damages are the rewards from the human being. As observing the environmental degradation mainly in the form of various types of pollution that is water, Air, Sound, Soil erosion and deforestation etc. For such type of degradation, establishing industries for economic development would also one of the reason. The degradation of environment not only diminishes economic productivity but also disturbs the environment, but the need of economic development and human being quality of health also essential. Therefore, the environment accounting is essential and plays an important role to make the balance between economic productivity and environment protection. Green accounting is a new system of accounting which records costs and benefits rendered by the eco system to business concern. Green accounting is also known as environmental accounting. Green accounting or environment accounting is a tool to express the damage from the business activities and the benefits derived from the natural environment. So the present would like to throw its light on the concept of green accounting and its importance in the present scenario. And also the study would try to explore more and more unknown things about green accounting or environmental accounting to create awareness about it and thereby giving emphasis on conservation and protection of environment. The present reviewed some articles written on green accounting system. The study also tries to show the importance of financial accounting, corporate social responsibility accounting and the green accounting in balanced positive achievement of environment protection and economic development.