Peculiarities of accounting and disclosure of information about expenditure for environmental protection activity in financial reporting

Abstract

Purpose: the author considers the accounting aspects of the expenditures reflection on environmental measures and the impact on the reliability of financial reporting. Discussion: the author considers the issues of improving accounting and disclosure of information on expenditures in environmental activities of organizations, classifies the expenditure data. Results: the author thinks information on environmental expenditures should be an integral part in the formation of reliable accounting (financial) statements for investors to make decisions based on environmental risk.