Green Accounting

An upcoming career, and an important aspect of business accounting these days, green accounting is basically computation of environment-friendly activities carried out by a company and a record of losses brought to the nature because of business operation. Environmental accounting involves figuring out of in-house and peripheral costs that eventually the environment pays.

As the government and non-government organizations have brought a framework of what is beneficial to the environment and what harms the ecological system, based on this, the corporate are granted merits and demerits considering their mode of operation and functioning.

A green accountant would consider all the steps involved in business operation and bring about a report mentioning the green account of the corporate house. The environment cost that the company is projected to bring about is passed on the government or the concerned agencies to protect the environment. The environment costs include deforestation, pollution, and many other eco-unfriendly acts.

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