The Impact of Environmental Accounting on Financial Reporting

  • T Biju Assistant Professor in Commerce, BJM College, Chavara, Kollam, India
  • Hamid Ravan Paknoodezh Research Scholar, FMN College, Kollam, India
Keywords: Environmental Accounting, Accounting Information, Financial Reporting

Abstract

Environmental accounting is a tool for achieving sustainable development, maintaining good relationships with the community, and applying effective environmental measures to protect the environment. The purpose of the research is to survey the necessity of introducing and using environmental accounting information in automotive financial reporting and the usefulness of this information for different groups of users of financial information. The research method in this research is a library-deductive-inductive research method. The statistical population of this research includes 104 senior executives-financial experts-accounting manager-industrial enterprises, 88% male and 22% female. To determine the sample size, the Cochran formula was used. According to the number of statistical population, 82 individuals were considered as the sample. The data collection tool in this research is a passphrase designed according to the literature of the research to analyze and the questionnaire was analyzed using a five-point measurement scale (Likert scale). The research was analyzed using a T-test and descriptive statistics. The statistical software used in this research is SPSS. During the testing of the hypothesis, it has been proved that from the theoretical point of view, environmental accounting information has qualitative features of financial information and also provides useful information to users of financial reports. Environmental accounting provides information that includes evaluation, performance, and control, decision-making and reporting. Leading the way for companies to focus on environmental accounting, companies have not been able to disclose environmental damage in their financial affairs. As a result of browsing time and increasing damages, companies have been forced to comply with these issues.

Published
2017-10-30
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