Innovative Circular Economy Accounting Practices

Innovative Circular Economy Accounting Practices

Kennedy D. Gunawardana (University of Sri Jayewardenepura, Sri Lanka)
Pages: 300
DOI: 10.4018/979-8-3693-5628-9
ISBN13: 9798369356289|ISBN13 Softcover: 9798369356296|EISBN13: 9798369356302
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Description & Coverage
Description:

This book suggests an innovative approach to accounting that integrates the principles of the circular economy. The circular economy is a model of production and consumption, which involves sharing, leasing, reusing, repairing, refurbishing, and recycling existing materials and products as long as possible. In this context, a circular accounting book would aim to account not just for financial transactions in the traditional sense, but also for the environmental and social impacts of those transactions, reflecting a more holistic view of a business's operations and their effects on the economy and the environment.

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