Management of environmental liabilities: accounting and marketing approaches

• Main Author: I.V. Zamula
• Format: Article
• Language: English
• Published: Zhytomyr Polytechnic State University 2016-12-01
• Series: Проблеми теорії та методології бухгалтерського обліку, контролю і аналізу
• Subjects: environmental liabilities; management of environmental liabilities; environmental marketing; accounting of environmental liabilities; classification of environmental liabilities
• Online Access: http://pbo.ztu.edu.ua/article/view/91553

One of the important challenges to international cooperation for sustainable development of the economy is to develop the necessary information about the environmental activities of the company to meet the needs of users. Insufficient attention to environmental liabilities significantly affect the objectivity and effectiveness of environmental decision-making. So, the research aims at developing environmental classification of liabilities of the enterprise, which can be the basis for the construction of accounting, that will form a comprehensive and accurate information on environmental liability company for internal and external users. Under the proposed environmental liabilities, the author understands the obligations arising from the activities of economic entities that affect the state of the environment, and non-compliance with environmental regulations results in compensation for damages, payment of fines. The proposed classification of environmental liabilities of a company aims to manage them to optimize their composition and amount; obtain competitive advantages in both domestic and foreign markets and attract additional investments, including foreign, due to the disclosure of environmental liabilities in the company statements. This classification can be the basis for the construction of accounting, which will form a comprehensive and accurate information about the environmental activities of the company for internal and external users.