Incorporating Environmental Accounting for a Greener World

Social accounting can be improved and made more complete by inclusion of environmental accounting. Environmental accounting is assessment of environmental impact of business organization. Environmental accounting helps to inform stakeholders about an organization social impact and measures being taken. Recycling and Waste management are in focus apart from use of Green energy. The costs and benefits of environmental measures being taken by organization are also part of environmental accounting. There is a greater focus on environment and stakeholders are demanding information on environment to take decisions. In such a situation there is a greater need for an environment section in accounting report. This paper analyses the information to be listed in the environment section.