ENVIRONMENTAL ACCOUNTING IN AUTOMOBILE ENTERPRISES IN INDIA: CHALLENGES AND ISSUES

Author Name: 1. Rupali Bohara, 2.Dr. Gurpreet Kaur

Volume/Issue: 04/08

Country: India

DOI NO.: 08.2020-25662434 DOI Link: https://doi-ds.org/doilink/01.2024-64667472/UIJIR

Affiliation:

1. Research Scholar, Maharaja Vinayak Global University, Jaipur, Rajasthan, India.
2. Professor, Maharaja Vinayak Global University, Jaipur, Rajasthan, India.

ABSTRACT

A very important function of environmental accounting is to bring environmental costs to the managers; therefore, motivating them to identify ways to reduce and avoid economic costs related to the environment and at the same time reduces the company's environmental impact. Considering the importance as well as potential problems of environment issues, there is a need to analysis relevant factors for future course of actions. Environmental Accounting is also called green accounting. This paper is highlighting the Challenges of Environmental Accounting Practices in India on most Automobile enterprises. The main objective of the study is to specify the environmental accounting challenges in selected Automobile enterprises in India. The paper is based on secondary information which was collected through annual reports, research reports etc. The study highlights critical challenges to implement environmental accounting in Automobile enterprises in India. The perception of officials regarding the challenges are: cost involvement, lack of skilled manpower, lack of set rules about environmental accounting, inadequate environmental accounting standard, low adoption of environmental accounting, no specific principles of environmental accounting etc. This paper is also tries to forward some recommendations to overcome the challenges. It is to be recognized that the accountants have a key role in environmental accounting and reporting.

Key words: Environment, Environmental Accounting, India, Disclosure, Environmental Management Accounting, Pollution, Deforestation, Automobile industries, Challenges, Stakeholder