Theoretical Framework on Accounting for Planet

Assistant Professor Ravi Kiran N

Theoretical Framework on Accounting for Planet

Author : Assistant Professor Ravi Kiran N Journa Name: INTERNATIONAL JOURNAL OF SCIENTIFIC RESEARCH AND ENGINEERING TRENDS Country : India Volume: 10 issue: 3 Year: 2024 Views : 532

Abstract:

Planet accounting is one of the very important and contemporary topics as it addresses the impact of business on the environment. In today’s world planet is of utmost important and every organisation must strive to uplift the quality of the planet and not deteriorating it. Planet accounting helps making business responsible from environmental point of view. Present study tries explore the concept of Accounting for planet, by describing various branches and its relevance to the current scenario. Further, study also tries to explain importance of each branch and how can one adopt those methods for the benefit of both organisation, society and Environment. Ultimately, study explains how an accountant can successfully implement accounting for planet in an organisation.