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International Accounting
 

The concept of environmental capital in business accounting and integrated reporting

Vol. 24, Iss. 12, DECEMBER 2021

Received: 9 September 2021

Received in revised form: 27 October 2021

Accepted: 4 November 2021

Available online: 14 December 2021

Subject Heading: SOCIAL AND ENVIRONMENTAL ACCOUNTING

JEL Classification: M40, М41

Pages: 1330–1348

https://doi.org/10.24891/ia.24.12.1330

Viktor S. PLOTNIKOV Novosibirsk State University of Economics and Management (NSUEM), Novosibirsk, Russian Federation
vcplotnikov@yandex.ru

https://orcid.org/0000-0001-7214-1847

Olesya V. PLOTNIKOVA Novosibirsk State University of Economics and Management (NSUEM), Novosibirsk, Russian Federation
vcplotnikov@yandex.ru

https://orcid.org/0000-0002-2384-6418

Subject. This article considers the conceptual basis of environmental capital accounting as one of the elements of assessing the value of business in conjunction with the concept of sustainable development of the organization.
Objectives. The article aims to argue for a need for methodological and methodical information support in the system of business accounting for environmental safety of domestic business and identify the objects of the green economy and monetarization in the business accounting of the benefits and costs of creating and maintaining the organization’s ecosystem.
Results. The article explains the need for the formation of various business accounting models in the system of the organization’s business model.
Conclusions. Based on the study, the article concludes that it is necessary to reform the current system of accounting for environmental safety costs transforming it into business accounting of environmental capital.

Keywords: environmental safety, green economy, business accounting, integrated reporting, accounting concept for environmental capital

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