Implementing Environmental Accounting as a Factor of Organization’s Economic Security

Abstract

The purpose of this article is to justify the definition of environmental accounting, consider the current procedure and existing problems of accounting for environmental costs, obligations and sources of financing, disclose principles for classifying environmental costs based on international practice, and justify the need to introduce environmental accounting as a factor of economic security of an organization. The study is based on general scientific and special methods of description, generalization, analysis, interpretation and theoretical methods of formal and dialectical logic. The results should include the formulated author’s interpretation of environmental accounting, the conclusion of the trend of improving domestic accounting standards in accordance with the generally recognized world classification of environmental costs of the organization, the formulation of the benefits of implementation and possible difficulties in setting environmental accounting, as well as the rationale for the introduction of this direction of accounting as a factor in increasing environmental responsibility of business entities. Keywords—environmental accounting, economic security, environmental costs, environmental obligations, financial