Natural resources like land, water, air, energy, etc. are the main inputs of any business...

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Accounting

Natural resources like land, water, air, energy, etc. are the main inputs of any business process. The rapid development in industries are causing more environmental issues like pollution, carbon emission, green house effects, water and air contamination, land and soil contamination, loss of biodiversity etc. So, accountability towards environment has become one of the most essential areas of social responsibility. Our traditional accounting system is limited to record and report financial information of the business process for internal and external stakeholders. This limitation can be removed by implementing Environmental Accounting and Reporting over the traditional accounting system, but requires good knowledge, training and standard guideline. Based on explanation above, please give your arguments with supported by some theoretical framework related with EAR from different scholars/researcher. How its implementation in Indonesia? Why?

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