Daffodil International University

Faculties and Departments => Accounting – The Language of Business => Business Administration => Business & Entrepreneurship => Financial Accounting => Topic started by: hassan on March 30, 2019, 01:55:39 PM

Title: What is the differences between Environmental Accounting, Social Accounting and
Post by: hassan on March 30, 2019, 01:55:39 PM

Environmental and economic issues are addressed together within the framework of environmental accounting but represent only two pillars of sustainable development. The concept of sustainable development is equivalent to the concept of well-being, which requires the recognition that humankind must coexist within the limits of available resources and determinants of its potential. Sustainable development is defined as encompassing three main pillars of economic, environmental and social. For example employment, culture and civilization, in a manner that directs the needs of present and future human beings and without guaranteeing the viability of natural land systems on which we depend on growth and life.

Title: Re: What is the differences between Environmental Accounting, Social Accounting and
Post by: hassan on March 30, 2019, 01:55:53 PM

Environmental accounting is a process of preparing and reporting the impact of the organisations activities on its environment. It includes its impact on both living and non-living things. Social accounting has to do with reporting on how the organizations activities impact the society. Sustainablity accounting which is the focus of many countries now, provides financial and non-financial information that helps in assessment of  organisational performance holistically in a multi-stakeholder environmnet.. It is a process of accounting for the impact of the organisations activities on the economy, environment, and society. The reporting must include both positive and negative impacts.