Environmental Accounting and IFRS

International Journal of Business and Management, Vol. 5, No. 10, p. 105, October 2010

8 Pages Posted: 26 Nov 2010

See all articles by Mohammad Firoz

Mohammad Firoz

Cambridge University Press, India

A. Aziz Ansari

Jamai Millia Islamia, Dept. of Commerce & Business Studies

Date Written: November 26, 2010

Abstract

As financial globalization proceeds, international financial reporting and auditing standards are increasingly becoming important instruments of integration. This has been observed in both the London and Pittsburg summits of the G20 leaders in 2009. The G20 leaders reinforced the influence of International Financial Reporting Standards (IFRS) in that they called for the implementation of global accounting standards by 2011. By the end of 2008, there were over 100 countries that had adopted IFRS. Another parallel summit was the United Nations special summit on the environment which was held on 22 September 2009. The United Nations’ summit underscored the link between environment and finance. This research paper makes a critical appraisal of the contemporary environmental accounting literature and examines the applicable and relevant paragraphs of the global financial reporting standards (IFRS). The relevant paragraphs for environmental accounting have been analyzed in relation to the environmental financial reporting.

Keywords: Environmental reporting, IFRS, Environmental financial reporting, Environmental costs

Suggested Citation

Firoz, Mohammad and Ansari, A. Aziz, Environmental Accounting and IFRS (November 26, 2010). International Journal of Business and Management, Vol. 5, No. 10, p. 105, October 2010. Available at SSRN: https://ssrn.com/abstract=1715436

Mohammad Firoz (Contact Author)

Cambridge University Press, India ( email )

Edinburgh Building
Shaftesbury Road
Cambridge, CB1 2AD
United Kingdom

HOME PAGE: http://www.cambridge.org

A. Aziz Ansari

Jamai Millia Islamia, Dept. of Commerce & Business Studies ( email )

Mhd. Ali Jauhar Marg
Jamia Nagar
New Delhi, Haryana 110025
India

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