A Study on the Importance of Environmental Accounting in the Context of Sustainable Development

Abstract

The main goals of economic development and well-being, ecological balance and sustainable development models have led to the recognition that nature needs to be protected. Optimal use of wasted resources, effectiveness of natural resources, environmental protection and economic growth, and environmental quality of the tide provide a practical integrated model. Sustainable development of the concept, social, ecological, economic, spatial and cultural aspects. When the environmental problems that occurred in the process of industrialization  reached a serious rate all over the world, developed countries have sought preventive or diminishing solutions to these problems.  The main aim of the researcher is to understand the impact of environmental accounting for sustainable development. A total of 203 samples have been taken out of which is through convenient sampling. The results show that it is mandatory to give importance to the environmental accounting system for fulfilling sustainable development. Therefore, it can be concluded that it is important to have an environmental accounting system for sustainable development, depletion of non-renewable natural resources and investment made into the environment saving equipment or devices, lack of coordination among functional areas and inadequacy of guidelines and compulsion to adopt guidelines are the major challenges of environmental accounting, Operation where  environmental damages do not occur and Promoting a company having a wide environmental attitude are the needs of environmental accounting and environmental accounting preserves the Ecosystem as well as maintaining long-term profitability of the firm.