THE ROLE OF THE ACCOUNTING IN THE SUSTAINABLE DEVELOPMENT: THE CASE OF SERBIA
Keywords:
environmental accounting, sustainable development, capital maintenance, eco efficiency indicators.
Abstract:
This paper analyzes the neccessity for establishing the accounting information system that addresses the needs of stakeholders in order to asses the sustainabillity of the resources and results of the specific company. Governments of EU Member States has to fulfil “environmental” obligations and they have to motivate companies to report on their environmental issues in relevant and fair manner. In that sense, Serbia as a candidate and the country in the process of EU integrations needs to put an emphasis on these issues in correlation with the accounting. In this paper we analyzed the concept of sustainable development with its relations with accounting, specifically the concept of capital maintenance, eco efficiency indicators and how they can be derived from the accounting system as well as the practice of reporting on environmental issues by Serbian companies.
CITATION:
IEEE format
G. Knežević, P. Vukadinović, J. Gržinić, “THE ROLE OF THE ACCOUNTING IN THE SUSTAINABLE DEVELOPMENT: THE CASE OF SERBIA,” in FINIZ 2014 - The Role of Financial Reporting in Corporate Governance, Belgrade, Singidunum University, Serbia, 2014, pp. 20-23. doi: 10.15308/finiz-2014-20-23
APA format
Knežević, G., Vukadinović, P., Gržinić, J. (2014). THE ROLE OF THE ACCOUNTING IN THE SUSTAINABLE DEVELOPMENT: THE CASE OF SERBIA. Paper presented at FINIZ 2014 - The Role of Financial Reporting in Corporate Governance. doi:10.15308/finiz-2014-20-23
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