ENVIRONMENTAL LIABILITIES ACCOUNTING: AN REVIEW OF SOME STANDARDS AND GUIDELINES

Abstract

The paper’s aim is to assess the recent developments of standards and guidelines regarding the environmental liabilities treatment and reporting. The proliferation of environmental accidents and opening economic consequences on businesses affected by any environmental liabilities accounting purposes has become an inevitable issue for all the enterprises. To overcome the negative effects of these issues upon the financial performance the professional organisms issued different methods and tools for a more comprehensive approach of non-financial forces that occur.

Keywords

• environment
• accounting
• reporting