What does sustainability accounting mean?
Definitions for sustainability accounting
sus·tain·abil·ity ac·count·ing
This dictionary definitions page includes all the possible meanings, example usage and translations of the word sustainability accounting.
Wikipedia
Sustainability accounting
Sustainability accounting (also known as social accounting, social and environmental accounting, corporate social reporting, corporate social responsibility reporting, or non-financial reporting) was originated about 20 years ago and is considered a subcategory of financial accounting that focuses on the disclosure of non-financial information about a firm's performance to external stakeholders, such as capital holders, creditors, and other authorities. Sustainability accounting represents the activities that have a direct impact on society, environment, and economic performance of an organisation. Sustainability accounting in managerial accounting contrasts with financial accounting in that managerial accounting is used for internal decision making and the creation of new policies that will have an effect on the organisation's performance at economic, ecological, and social (known as the triple bottom line or Triple-P's; People, Planet, Profit) level. Sustainability accounting is often used to generate value creation within an organisation.Sustainability accounting is a tool used by organisations to become more sustainable. The most known widely used measurements are the Corporate Sustainability Reporting (CSR) and triple bottom line accounting. These recognise the role of financial information and shows how traditional accounting is extended by improving transparency and accountability by reporting on the Triple-P's. As a result of triple bottom level reporting, and in order to render and guarantee consistency in social and environmental information, the GRI (Global Reporting Initiative) was established with the goal to provide guidelines to organisations reporting on sustainability. In some countries, guidelines were developed to complement the GRI. The GRI states that "reporting on economic, environmental and social performance by all organizations is as routine and comparable as financial reporting".In order to help finance teams and accountants embed sustainability into their accounting, The Prince of Wales set up The Prince's Accounting for Sustainability Project (A4S) in 2004.
Wikidata
Sustainability accounting
Sustainability accounting was originated about 20 years ago and is considered a subcategory of financial accounting that focus on the disclosure of non-financial information about a firm's performance to external parties such as capital holders, mainly to stakeholders, creditors and other authorities. These represent the activities that have a direct impact on society, environment and economic performance of an organisation. Sustainability accounting in managerial accounting contrast with financial accounting in that managerial accounting is used for internal decision making and the creation of new policies that will have an effect on the organisation's performance at economical, ecological and social level. The topic is fairly new and being led in Europe. Sustainability Accounting is a tool used by organisations to become more sustainable. The most known widely used measurements are the Corporate Sustainability Reporting and the triple bottom line accounting. These recognise the role of financial information and shows how traditional accounting is extended by improving transparency and accountability by reporting on the Triple-P's.
Numerology
Chaldean Numerology
The numerical value of sustainability accounting in Chaldean Numerology is: 2
Pythagorean Numerology
The numerical value of sustainability accounting in Pythagorean Numerology is: 9
Translations for sustainability accounting
From our Multilingual Translation Dictionary
- محاسبة الاستدامةArabic
- λογιστική βιωσιμότηταGreek
- contabilidad de sostenibilidadSpanish
- comptabilité de durabilitéFrench
- स्थिरता लेखाHindi
- akuntansi keberlanjutanIndonesian
- kế toán bền vữngVietnamese
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"sustainability accounting." Definitions.net. STANDS4 LLC, 2024. Web. 24 Apr. 2024. <https://www.definitions.net/definition/sustainability+accounting>.
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