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Contemporary Issues in Accounting and Environmental Responsibilities

   

Added on  2019-11-25

12 Pages2419 Words179 Views
CONTEMPORARY ISSUES IN ACCOUNTING1
Contemporary Issues in Accounting and Environmental Responsibilities_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................3PRACTICAL MOTIVATION.........................................................................................................4THEORETICAL MOTIVATION...................................................................................................5LITERATURE REVIEW................................................................................................................6HYPOTHYESIS..............................................................................................................................7CONCEPTUAL FRAMEWORK....................................................................................................8APPENDIX......................................................................................................................................9REFERENCES..............................................................................................................................122
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INTRODUCTIONTechnology is one of the aspects which are growing day by day in present time. It is beingobserved that due to growth in the technological aspects commercialization, social developmentsis increasing in the society (Carter & Ross, 2014). It is being observed that manpower isdeclining due to which environment and surroundings are getti8ng affected. In this growth aspecta question arises that whether these companies or industries working in the market are payingappropriate set of attention towards the environment or not, whether are the are providing properset of allowance for the harm which is affecting the environment or not (Ajith Sankar R. N.,2015). The case is about the growing industries in Australia due to which environment is gettingaffected with the effect of which there accounting management system is getting affected.Environmental management is one of the aspects which require huge cost as it requires that aproper track record should be kept by the organization while performing the organizationalmanagement duties. Industries are increasing due to which carbon radiation is increasing in theenvironment; this increase in the carbon radiation is affecting the Ozone layer which isprotecting the environment from the ultraviolet rays (Rankin, 2012). In this situation it hasbecome important for the industries to understand their corporate social responsibilities anddevelop a proper set of mechanism with the effect of which they can protect the environmentfrom getting affected with the production process they are using. Hence, the report is developedwhich will help the industries in understanding their corporate social responsibilities towardsenvironment. The report will also provide relevant set of information of how they can solve theaccounting issues and manage their fund effectively (He, Shifley & Thompson, 2011). 3
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PRACTICAL MOTIVATIONCarbon radiation is increasing day by day in the environment which is giving rise to the serioushealth issues. Climatic changes could be seen due the increase in carbon radiation and pollutionin the environment (Harris & Roach, 2017). Studies say that industries are the root cause ofincrease in the carbon radiation due to which Ozone layer is getting affected and the naturalcalamities are getting affected. In this situation it has become important that the organizationsshould understand their corporate social responsibilities and apply the practices of monitoring thelevel of carbon radiation and should apply various strategies with the help of which the levelcould be maintained (Carter & Ross, 2014). In this all the aspects which will help inunderstanding the roles and responsibilities of the industries towards the environment will beprovided and will also include all the aspects with the help of which organization will be able tosave the cost they spend on environmental management issues. This will help the industries insolving all the accounting issues and will help in managing their day to day processes in a properand relevant way (Burritt, Schaltegger, Bennett, Pohjola & Csutora, 2011). The research willundertake all the aspects related with environmental sustainability and will provide appropriateset of support to the organizations with the help of which they will be able to manage all theaccounting issues which could affect the future aspects. The section of the research will includethe review of several set of researches in which surveys were done by the researchers to developbetter and in depth information related with various aspects of environmental management andthe accounting management system (Ajith Sankar R. N., 2015). 4
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