A Study on Green accounting practices with reference to Indian Companies

SCOPE OF WORK

1.  To make studying the significance and utility of Green accounting and reporting in Indian Companies
2. To examine and identify the shortcoming in the existing legal and accounting framework for Green accounting and reporting in India.
3. To critically examine the Green accounting and reporting practices adopted by public and private sector Indian companies with special emphasis on post economic liberalization era.
4. To find out the difference of opinions between public and private sector Indian companies relating to environmental challenges, protection, and management.
5. To compare and contrast the accounting and managerial attitudes towards the nature and periodicity of disclosure, cost, and audit of Green accounting and reporting among Indian public and private sector companies.
6. To suggest measures to streamline the existing Green accounting and reporting and to identify the future prospects of Green accounting and reporting in India in a fast-changing Industrial environment.

Methodology

Public and private sector companies that play a vital role in the social responsibility of multifarious nature both have been included in this study. The present study covers only accounting and reporting on environmental aspects since the liberalization of the economy.

The method adopted to solve out the problems is based on the primary data. Primary data for this research work will be collected through questionnaires from the employees of public and private companies in India. There is little use of Secondary data gathered from government reports, journals, newspapers, magazines, and websites. The data so collected will properly be classified, tabulated, and analyzed according to the objectives of the study using the Percentage Method.

Timeline

 The period for the study for doing the project work is one month.

EXECUTIVE SUMMARY:

In recent years, Environmental pollution becomes severe and the stakeholders are considerably worried about the issue which paved the way for the growing concern about the implementation of green accounting. In this paper, an attempt is made to discuss the theoretical foundation of green accounting and reporting practices with special reference to India. Green accounting and awareness have given more important as it is the need of the day.

Objectives of Green Accounting

The objectives of green accounting and reporting are as follows:

1. To help in the negotiation of the concept of environment and to determine the enterprise’s relationship with society as a whole and the green pressure group in particular.
2. To segregate and collaborate all Environmental related flows and stocks of resources.
3. To minimize green impacts through improved product and process design.
4. To ensure effective and efficient management of natural resources.

OBJECTIVES OF STUDY

1. To make studying the significance and utility of Green accounting and reporting in Indian Companies
2. To examine and identify the shortcoming in the existing legal and accounting framework for Green accounting and reporting in India.
3. To critically examine the Green accounting and reporting practices adopted by public and private sector Indian companies with special emphasis on post economic liberalization era.
4. To find out the difference of opinions between public and private sector Indian companies relating to green challenges, protection, and management.
5. To compare and contrast the accounting and managerial attitudes towards the nature and periodicity of disclosure, cost, and audit of Green accounting and reporting among Indian public and private sector companies.
6. To suggest measures to streamline the existing Green accounting and reporting and to identify the future prospects of Green accounting and reporting in India in a fast-changing Industrial environment.

RESEARCH METHODOLOGY:

Research Design:

Public and private sector companies that play a vital role in the social responsibility of multifarious nature both have been included in this study. The present study covers only accounting and reporting on green aspects since the liberalization of the economy.