Economic Themes (2011) 49 (1) 9, 111-121
Snežana Radukić, Tatjana Stevanović
Abstract: Adequate information about all costs are a condition for properly assessing the profitability of specific products or services, a group of products, production lines, departments or entire companies. In the modern business environment characterized by intense competition, the role of accounting is prominent, and management accounting in particular in providing the necessary information related to various environmental issues, particularly information about the costs of environmental protection, to more efficient decision-making and systematic control of business and financial processes. In this regard, there is a need for consideration of specific characteristics and importance of different costs of environmental protection at the level of companies and different accounting techniques to their calculation. In this paper is presented the existing barriers and open questions as challenges for further development of accounting treatment of environmental requirements.
Keywords: accounting; environmental requirements; environment; company; limitations
ENVIRONMENTAL REQUIREMENTS AND THEIR ACCOUNTING TREATMENT
Snežana Radukić, Tatjana Stevanović
Abstract: Adequate information about all costs are a condition for properly assessing the profitability of specific products or services, a group of products, production lines, departments or entire companies. In the modern business environment characterized by intense competition, the role of accounting is prominent, and management accounting in particular in providing the necessary information related to various environmental issues, particularly information about the costs of environmental protection, to more efficient decision-making and systematic control of business and financial processes. In this regard, there is a need for consideration of specific characteristics and importance of different costs of environmental protection at the level of companies and different accounting techniques to their calculation. In this paper is presented the existing barriers and open questions as challenges for further development of accounting treatment of environmental requirements.
Keywords: accounting; environmental requirements; environment; company; limitations
