Abstract:
Environmental issues have become relevant today in the context of organizational growth and accepted standards have been developed in IFRS to ensure proper recording of transactions relating to the same. In the present accounting curriculum very less is being spoken about the treatment to be given in respect of such expenditure with reference to the recognition of the same. The need for a constructive curriculum is being debated across the modern world in view of various pronouncements in platforms of strategic management. This paper shall discuss the issues related to the adoption of such principles in the accounting curriculum and thus ensure proper recognition of investments vis a vis the social objectives of such high spending and make transparent reporting to the investors. This shall also enable the accountants to gain first-hand knowledge of the concept of environmental management.
