Environmental costing and sustainable accounting: A comprehensive review: Delving into methods of accounting for environmental impacts in financial statements

World Journal of Advanced Research and Reviews, Journal Year: 2024, Volume and Issue: 21(2), P. 235 - 251

Published: Feb. 8, 2024

This study provides a comprehensive review of the integration environmental costs into financial reporting within framework sustainable accounting. The main objectives were to explore historical evolution, current practices, challenges, and future trends in accounting, assess its impact on businesses, economy, stakeholders. Employing systematic literature content analysis methodology, analyzed peer-reviewed journal articles, industry reports, policy documents from 2013 2023. Key findings reveal significant evolution transitioning marginalized practice mainstream component reporting. Current practices are characterized by innovative approaches technological advancements, reflecting shift towards holistic business operations. identified challenges such as complexity integrating costs, need for standardized frameworks, requirement skilled expertise. Opportunities include enhanced corporate transparency, improved stakeholder engagement, alignment with global sustainability goals. concludes strategic recommendations leaders policymakers, emphasizing adoption accounting approach development standards. Future research directions exploring across different industries, role emerging technologies, long-term effects performance sustainability. contributes understanding costing highlighting growing importance world.

Language: Английский

Sustainability Practices in MSMEs: A Quantitative Analysis of the Impact of Green Supply Chain Management, Consumer Awareness, and Regulatory Compliance on Market Performance

West Science Interdisciplinary Studies, Journal Year: 2023, Volume and Issue: 1(10), P. 1039 - 1048

Published: Oct. 30, 2023

This research looks into the intricate connections that exist between market performance, customer awareness, regulatory compliance, and sustainable practices among Micro, Small, Medium-Sized Enterprises (MSMEs) in Indonesia. A varied sample of 350 business owners was used study, with consideration given to factors such as age, geography, expertise industry, size business. The study investigated relationship Green Supply Chain Management (GSCM) practices, performance through rigorous statistical analysis. findings demonstrate a strong positive correlation, underscoring significance for MSMEs doing For practitioners policymakers seeking promote environmentally conscious corporate enhance MSME sector competitiveness marketplace, this offers insightful information.

Language: Английский