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IFRS and environmental accounting

Author

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  • Minga Negash

Abstract

Purpose - The purpose of this paper is to examine whether International Financial Reporting Standards (IFRS) can be used for monitoring environmental degradation. A comprehensive review of academic and professional literature indicates that the IFRS regime provides useful conceptual and practical frameworks for monitoring firms that are operating in environmentally sensitive industries. Design/methodology/approach - Using qualitative and case study research methods, the financial statements of three environmentally sensitive companies were studied. Findings - The sustainability reports produced by the companies contained both information and propaganda. The credibility of published sustainability reports is unclear. The size and adequacy of the contributions of the companies towards sharing the costs of decommissioning, rehabilitation and restoration of the environment are not disclosed. A new statement is proposed. Practical implications - Policy implications at national and international level are many. Social implications - The paper shows that environment has both financial and non‐financial implications. The effects of environmental degradations on the habitat and society are serious. Originality/value - The paper contributes to new knowledge in several ways. There are at least three major conclusions from this paper, and the ideas are original.

Suggested Citation

  • Minga Negash, 2012. "IFRS and environmental accounting," Management Research Review, Emerald Group Publishing Limited, vol. 35(7), pages 577-601, June.
    • Handle: RePEc:eme:mrrpps:v:35:y:2012:i:7:p:577-601
    DOI: 10.1108/01409171211238811
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    Citations

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    Cited by:

    1. Weerathunga, P.R. & Xiaofang, Chen & Nurunnabi, Mohammad & Kulathunga, K.M.M.C.B. & Swarnapali, R.M.N.C., 2020. "Do the IFRS promote corporate social responsibility reporting? Evidence from IFRS convergence in India," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 40(C).
    2. Jonathan Maurice, 2019. "When environmental accounting choices are not only opportunistic: the case of environmental accounting provisions [Quand les choix comptables liés à l’environnement ne sont pas qu’opportunistes : c," Post-Print hal-02128271, HAL.

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