ENVIRONMENTAL ACCOUNTING AS A FACTOR OF LOCAL BUSINESS COMPETITIVENESS STIMULATION (THE CASE OF THAILAND)

  • Prateep Wajeetongratana Suan Sunandha Rajabhat University, Bangkok

Abstract

Today’s system of accounting does not contain sufficient volumes of information about environmental incomes and losses of organizations, therefore, it is nearly impossible to evaluate precisely the efficiency of environmental actions taken and environmental protection systems being implemented in order to maintain and/or increase the environmental balance. One of the key elements in the mechanism increasing the quality of economic performance is the system of environmental accounting.

This study explains both theory and methodology of environmental accounting and also determines its role and place within the system of existing types of accounting and reporting in accordance with the IFRS requirements and also Kyoto Protocol. The presented here organizational economic mechanism of environmental accounting allows implementing the latter at concrete enterprises so that to promote and support more efficient managerial decision-making.

Author Biography

Prateep Wajeetongratana, Suan Sunandha Rajabhat University, Bangkok

PhD., Assistant Professor, dean of Faculty of management science at Suan Sunandha Rajabhat University, Bangkok, Thailand, member of organizational board of “Actual economicsts” society, reviewer of 5 International journals. His scientific interests are modern marketing and alternative management theories, sufficient economy and sustainable corporative management. He published more than 40 papers in Thai and International journals, organized more than 15 conferences, prepared 5 training manuals for students.

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Published
2020-06-02
How to Cite
Wajeetongratana, P. (2020). ENVIRONMENTAL ACCOUNTING AS A FACTOR OF LOCAL BUSINESS COMPETITIVENESS STIMULATION (THE CASE OF THAILAND). The EUrASEANs: Journal on Global Socio-Economic Dynamics, (3(22), 31-42. https://doi.org/10.35678/2539-5645.3(22).2020.31-42