Environmental Accounting

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 The union of the ecology with the accounting has been shaped by virtue of the environmental problematic presented in the companies. Thus they are witnesses of the strong influence that is exerting the ecology in the economy of the companies. This is where accountancy comes in, because its objective is to measure those economic facts that affect the entity in order to provide relevant, reliable, timely, understandable, objective and complete information. A much broader view of this relationship It is given by an expert, who states that accounting became essential at the moment of wanting to face the environmental problem, because it says that: In order to deal with environmental conservation problems, companies have many management procedures and techniques, several of which are directly related to the functions of accounting (in particular with regard to the disclosure of accounting techniques The measures of environmental protection and of the potential damages occurred). In this sense, the incorporation of accounting to environmental matters comes to fill a need related to how to quantify, record and report damages caused to the environment and preventive or corrective actions necessary to avoid them (environmental protection measures). The search for solutions to the environmental problem requires companies to have a perfect knowledge of the problem, knowing it implies explaining the impact of today on the future; And explain is a concept that considers knowing, identifying, naming, measuring, disclosing, reporting and communicating. This is where the relationship between ecology and accounting begins.

Objectives of Accounting

To register methodologically the financial transactions that occur in a company.

Provide clear and accurate information of:

A) The financial situation of a company at any given time. B) The results of operations in a delimited period.

Analyze and interpret the results obtained in the activity of a company.

It serves to prepare budgets of various kinds on the future activity of the company.

It presents accurate, measurable and analyzable data that allows management to make decisions at any time, establish responsibilities, define policies, delegate authority, etc.