Issues of environmental cost accounting in crop production at the present stage

KLYCHOVA, Guzaliya S.; GALLYAMOV, El'mir A.

doi:10.24891/ia.26.12.1354

Cited by 2 publications

(1 citation statement)

References 6 publications

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“…These approaches involve the integration of environmental considerations into business operations, decision-making processes, and financial reporting. Klychova and Gallyamov (2023) analyze approaches to environmental cost accounting in crop production, highlighting the need for systematization and summarization of knowledge about the problems and opportunities of accounting for environmental costs. Their study focuses on the possibilities of accounting for environmental costs in modern automation conditions and formulates a definition of environmental costs that considers the influence of force majeure circumstances on the environmental component in enterprise activities.…”

Section: Innovative Approaches In Environmental Costingmentioning

confidence: 99%

Environmental costing and sustainable accounting: A comprehensive review: Delving into methods of accounting for environmental impacts in financial statements

Benjamin Samson Ayinla,

Chinedu Ugochukwu Ike,

Onyeka Franca Asuzu

et al. 2024

World J. Adv. Res. Rev.

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This study provides a comprehensive review of the integration of environmental costs into financial reporting within the framework of sustainable accounting. The main objectives were to explore the historical evolution, current practices, challenges, and future trends in environmental accounting, and to assess its impact on businesses, the economy, and stakeholders. Employing a systematic literature review and content analysis methodology, the study analyzed peer-reviewed journal articles, industry reports, and policy documents from 2013 to 2023. Key findings reveal a significant evolution in environmental accounting, transitioning from a marginalized practice to a mainstream component in financial reporting. Current practices are characterized by innovative approaches and technological advancements, reflecting a shift towards holistic and sustainable business operations. The study identified challenges such as the complexity of integrating environmental costs, the need for standardized reporting frameworks, and the requirement for skilled expertise. Opportunities include enhanced corporate transparency, improved stakeholder engagement, and alignment with global sustainability goals. The study concludes with strategic recommendations for business leaders and policymakers, emphasizing the adoption of environmental accounting as a strategic business approach and the development of comprehensive environmental accounting standards. Future research directions include exploring the impact of environmental accounting across different industries, the role of emerging technologies, and the long-term effects on business performance and sustainability. This study contributes to the understanding of environmental costing within sustainable accounting, highlighting its growing importance in the corporate world.

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Section: Innovative Approaches In Environmental Costingmentioning

confidence: 99%

Environmental costing and sustainable accounting: A comprehensive review: Delving into methods of accounting for environmental impacts in financial statements

Benjamin Samson Ayinla,

Chinedu Ugochukwu Ike,

Onyeka Franca Asuzu

et al. 2024

World J. Adv. Res. Rev.

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Arrangements for environmental costs analytical accounting at crop production enterprises

GALLYAMOV

2024

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Subject. This article analyzes the approaches to the arrangements for analytical accounting of environmental costs in the application of process and job-order methods of cost accounting by enterprises specializing in the production of crop products. Objectives. The article aims to systematize and summarize knowledge about the problems and possibilities of analytical accounting of environmental costs at crop production enterprises. Methods. For the study, I used a dialectical approach, observation, synthesis and analysis, and the elements of accounting methods such as calculation, accounts etc. Results. The article formulates that the accounting of environmental costs requires greater detailing, which contradicts the essence of absorption costing analytics, and that the grouping of costs by individual order for the cultivation of environmentally friendly products does not guarantee the elimination of absorption costing approaches in accounting. The article proposes to include in the Methodological Recommendations of the Ministry of Agriculture of Russia information on absorption costing analytics with a detailed disclosure of the shortcomings of this approach in the context of job-order and process methods used at enterprises growing crop products. Conclusions. In financial accounting, the task of generating a calculation with a complete list of environmental costs is not feasible due to the heterogeneity of costs and regulatory constraints. To solve this problem, it is necessary to abandon absorption costing analytics, which contradicts the accounting of environmental costs, which, on the contrary, requires deeper detailing. The use of the job-order method in crop production does not solve the problem of absorption costing analytics.

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Issues of environmental cost accounting in crop production at the present stage

Cited by 2 publications

References 6 publications

Environmental costing and sustainable accounting: A comprehensive review: Delving into methods of accounting for environmental impacts in financial statements

Environmental costing and sustainable accounting: A comprehensive review: Delving into methods of accounting for environmental impacts in financial statements

Arrangements for environmental costs analytical accounting at crop production enterprises

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