| Title | Management Accounting For Sustainable Development As A New Dimension In Accounting Development Of Companies |
|---|---|
| ID_Doc | 71748 |
| Authors | Filipovic, AL; Demirovic, S |
| Title | Management Accounting For Sustainable Development As A New Dimension In Accounting Development Of Companies |
| Year | 2015 |
| Published | |
| Abstract | The fact that the financial responsibility and short-term financial performance reporting are no longer sufficient to make adequate business decisions by the user, resulted in a shift of the boundaries and scope accounting information system reporting. The concept of integrated financial reporting as a new accounting concept slowly creates its importance and popularity, intending to make companies being more reponsible to environmental, social and societal issues. Integrated reporting is a challenge for modern companies that, in addition to financial reporting of their business operatins, they report about theis business strategies in short, medium and long term, as well as about models of creating and perserving companies' value. The conducted pilot projects of analyzing the possibilities for the application of integrated financial reporting to its formal adoption, showed that the application of the concept requried some additional accounting tools, among which the most significant is a well designed and developed concept of management accounting. Given the topicality of the issues and the fact that Montenegro in 1991 became an ecological state, as well as taking into account the current process of negotiations of Montenegro for access to the EU, which requires the fulfillment of certain criteria related to sustainable development, the authors will work through survey research target group in Montenegro in order to draw conclusions about the possibility of applying environmental accounting, as a segment of the process of integrated reporting. Integrated reporting as a function of creating value for the company and stakeholders should in turn led to a higher degree of implementation and improvement of environmental standards in Montenegro. |
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