Abstract
The problem of environmental protection has been in focus for many decades and different professions, including accounting, are taking part in solving it. In this regard, the emergence of the concept of green accounting arose as a necessary consequence to integrate within the existing business policy of the company environmental dimension that will allow continuity in achieving business efficiency while respecting the principles of sustainability of the system as a whole. The available literature as well as many studies conducted lead to the conclusion that the green accounting concept is still in its infancy, especially in developing countries. This is confirmed by a pilot survey conducted in Montenegro in 2021. Therefore, the aim of this paper is to point out this very important issue, especially among academics and researches in order to contribute to sustainable development at global and national level, and additionally improve the quality of negotiations regarding chapter 27 and Montenegro's integration into the European Union.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Ilić, B.: Zelene računovodstvene informacije, zeleno računovodstvo i zelena revizija, Naučni skup “Finansijsko izvještavanje u funkciji poslovnog odlučivanja i upravljanja”(2017).https://doi.org/10.7251/FIFPOu0117007I
Jeroh, E., Okoro, G.E.: Effect of environmental and dismantling costs on firm performance among selected oil and gas companies in Nigeria. Sahel Anal. J. Manage. Sci. 14(5), 14–26 (2016)
Lee, J.W.G., Pati, N., Roh, J.J.: Relationship between corporate sustainability performance and tangible business performance: evidence from oil and gas industry. IJBIT 3(3), 72 (2011)
Cortez, M.A.A., Cudia, C.P.: Sustainability and firm performance: a case study of Japanese electronics companies. Inst. Int. Relat. Area Stud. Ritsumeikan Univ. 10(1), 322–339 (2011)
Lalevic, A., Demirovic, S.: Management accounting for sustainable development as a new dimension in accounting development of companies. In: International Scientific Conference: “Challenges of Economy in Environment Under Crisis”, Tuzla (2015). ISSN 2490–2616
An introduction to Environmental Accounting as a Business Management Tool: Key Concepts and Terms, United States Environmental protection Agency (1995)
Belopavlovic, G., Stevanovic, S.: Računovodstveni aspekti zaštite životne sredine. In: Ekonomski aspekti ekološke politike. Institut ekonomskih nauka; Beogradska bankarska akademija, Beograd, pp. 359–375 (2012). ISBN 978-86-80315-98-0
Yakou, M., Dorweiler, V.: Environmental accounting: an essential component of business strategy. Bus. Strateg. Environ. 13(2), 65–77 (2004). https://doi.org/10.1002/bse.395
Jovanovic, D., Janjić, V.: Motivi, koristi i računovodstvena podrška implementaciji ISO 14001 standarda. Ekonomski horizonti, vol. 20, Sveska 1, pp. 27–43 (2018)
Milanović, T., Petković, Z., Stojmenović, G.: The importance and the role of introduction of ecological accounting in the function of management of environmental protection. Knowl. Int. J. 28(1), 171–175 (2018). https://doi.org/10.35120/kij2801171m
Pulselli, F.M., Marchi, M.: Global Warming Potential and the Net Carbon Balance, Reference Module in Earth Systems and Environmental Sciences, Elsevier (2015).https://doi.org/10.1016/B978-0-12-409548-9.09526-9
Global GHG Accounting and Reporting Standard for the Financial Industry, PCAF. https://carbonaccountingfinancials.com/standard
Henson, C., Ranganathan, J.: Corporate greenhouse gas emissions inventories: accounting for the climate benefits of green power. Corporate Guide to Green Power Markets (2003). www.thegreenpowergroup.org
https://www.eko-fond.me/files/documents/1609366925Odluka%20o%20osnivanju%20Eko%20fonda.pdf
https://www.ifrs.org/issued-standards/list-of-standards/ias-1-presentation-of-financial-statements/
Nartey, S.N., van der Poll, H.M.: Innovative management accounting practices for sustainability of manufacturing small and medium enterprises. Environ. Dev. Sustain. 23(12), 18008–18039 (2021). https://doi.org/10.1007/s10668-021-01425-w
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2022 The Author(s), under exclusive license to Springer Nature Switzerland AG
About this paper
Cite this paper
Novovic Buric, M., Lalevic Filipovic, A., Jaksic Stojanovic, A. (2022). Green Accounting with Special Reference to Montenegro. In: Karabegović, I., Kovačević, A., Mandžuka, S. (eds) New Technologies, Development and Application V. NT 2022. Lecture Notes in Networks and Systems, vol 472. Springer, Cham. https://doi.org/10.1007/978-3-031-05230-9_120
Download citation
DOI: https://doi.org/10.1007/978-3-031-05230-9_120
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-031-05229-3
Online ISBN: 978-3-031-05230-9
eBook Packages: Intelligent Technologies and RoboticsIntelligent Technologies and Robotics (R0)