Environmental modernisation of accounting

Abstract

Importance: theoretical and practical issues related to environmental accounting as a subsystem of accounting. Purpose: study of the features of environmental accounting in the context of modernization of accounting in the context of environmental challenges of our time. Research design: based on systematic and logical approaches, general scientific methods of cognition, and proprietary accounting methods, an urgent problem related to the environmental modernization of accounting has been solved. Results: Reveals the essence and role of environmental accounting, defines its place and accounting principles, the current state and development prospects. The foundations and stages of building environmental accounting as a subsystem of accounting and directions for adapting the latter to the environmental challenges of our time are proposed. The results of the work carried out can be used in the formation of an information base on the activities of enterprises that pollute the environment. The article revealed the role and place of the environmental component, defined the fundamental principles and current status of environmental accounting as well as developed a system of indicators to measure the effectiveness of the efforts of companies to achieve threshold indicators in environmental performance.