Abstract - EA in India - A Conceptual Framework
Abstract - EA in India - A Conceptual Framework
CITATION: Ombati, Robert; Naghshbandi, Nader and Stephen, Adam Otundoh (2015),
“Environmental Accounting in India: A Conceptual Framework”, MERC Global’s
International Journal of Social Science & Management, Vol. 2, Issue 1, pp. 01-11.
ARTICLE HISTORY: Submitted: November 11, 2014, Revision received: December 11,
2014, Accepted: December 18, 2014
ABSTRACT
The environment has become a thirsting social, political as well as economic issue around
the globe. Obligation towards the environment has become one among the foremost
influential domain of social responsibility. Topical years have observed the elevating
concern for environmental degradation mainly in the area of various types of pollution i.e.
sound, water, air, deforestation, soil erosion etc. It is a recognised fact that pollution not
only diminishes economic productivity, but also spoils human health and basic amenities.
The developing countries like India are confronting the dual dilemma of not only conserving
the environment but also promoting economic development. Therefore, a cautious appraisal
of the advantages and worths of environmental damage is obligated to determine the safe
limits of environmental degradation and the essential level of development. Environmental
accounting is an authoritarian tool for comprehending the role played by the natural
environment in the economy. Environmental accounting necessitates to function as a tool to
measure the economic efficiency of environmental conservation activities and the
environmental efficiency of the business activities. This paper expounds the theoretical
foundation of environmental accounting with distinguishing reference to India.
REFERENCES
1. Banerjee, B. ( 2005), “Corporate Environmental Accounting & Reporting Practices in
India”, Indian Accounting Review, pp. 25-46.
2. Banerjee, B. (2002), Regulations of Corporate Accounting in India, The World Press
Calcutta Private Limited, Calcutta, India.
3. Canadian Institute of Chartered Accountants (1993), Environmental Costs and
Liabilities: Accounting and Financial Reporting Issues, Toronto.
Environmental Accounting in India: A Conceptual Framework Ombati et al.
Adam Otundoh Stephen is an MBA Student at A. V. S. College of Arts and Science, Salem,
Tamil Nadu, India.