CONCEPTUAL REVIEW AND COMPARATIVE ANALYSIS OF METHODOLOGICAL APPROACHES USED IN ASSESSING THE APPLICATION OF GREEN ACCOUNTING IN NIGERIA
Abstract
The application of green accounting in Nigeria is suboptimal, hence, this study carried out a thorough review on the conceptual and methodological approach used in assessing the application of green accounting in Nigeria in comparison with other emerging countries such as India, Bangladesh and Indonesia. This study is qualitative and exploratory research design was adopted. The aim of this study was to carryout conceptual review of previous studies on green accounting in Nigeria and other emerging economies, examine the legal framework of green accounting in Nigeria and finally, conduct methodological review of the application of green accounting in Nigeria. Findings from the literature reviewed showed that studies conducted specifically on green accounting in Nigeria are scanty and it is at infant stage. This study also discovered that there is no generally accepted method of measurement and reporting of environmental cost in Nigeria. This study recommend scale up of research on green accounting in Nigeria and that Financial Reporting Council of Nigeria saddled with the responsibility of development of accounting standards should develop methods of measurement and reporting of green accounting and enforce compliance.
Keywords
Full Text:
PDFReferences
Almaliki, N. (2020). Impact of green accounting on improving environmental costs and performance: An analytical study from an academic point of view. International journal of engineering technology research & management, 4(3), 127-143.
Amaka, E. & Florence, A. (2020). Green accounting: The way to economic sustainability. International journal of advanced economics and sustainable development, 1(1), 19-25.
Benson, N., Ita, A., Ohanya, I. &Adesola, F. (2021). Effect of green accounting on financial performance of oil and gas companies in Nigeria.Journal of university of shanghai for science and technology, 23(12), 166-190.
Bouarar, A. (2020). Effect of green accounting adoption on companies' performance in developing economies: Literature review. Journal of the new economy, 13(2), 842-856.
Demdoum, Z., Meraghni, O. &Bekkouche, L. (2021).The application of green accounting according to activity based costing towards a green economy: Field study. International journal of digital strategy, governance, and business transformation, 11(1), 1-15.
Deshwal, S. (2015).Green accounting and practices.International journal of applied research, 1(8): 683-684.
Dhar, B., Sarkar, S. &Ayittey, F. (2021). Impact of social responsibility disclosure between implementation of green accounting and sustainable development: A study on heavily polluting companies in Bangladesh. Journal of corporate social responsibility and environmental management, 1-8.
Dhar, B. (2022). Can green accounting save the environment? OAJRC environmental science, 3(1), 1- 4.
Dura, J. &Suharsono, R. (2022).Impact of green accounting on financial performance in Indonesia green industry. Jurnalakuntansi, 26(2), 192-212.
Egbunike, A. &Okoro, G. (2018).Does green accounting matter to the profitability of firms? A canonical assessment. Ekonomskihorizonti, 20(1), 17 – 26.
Emmanuel, E. (2021). Green accounting reporting and financial performance of manufacturing firms in Nigeria.American journal of humanities and social sciences research, 5(7), 179-187.
Farouk, S., Cherian, J. & Jacob, J. (2012).Green accounting and management for sustainable manufacturing in developing countries. International journal of business and management, 7(20), 36-43.
Gomathi, A. (2021).Green accounting for sustainable development in India.Virtual international conference on make in India: Redefined in a digital erafor sustainable development, 169-174.
Gonzalez, C. & Pena‑Vinces, J. (2022).A framework for a green accounting system‑exploratory study in a developing country, Colombia.Environment, development and sustainability journal, 1-25.
Gupta, M. (2022). A study of green accounting practices in Indian companies: A way to sustainable development. Business studies journal, 14(S5), 1-7.
Huong, N. & Hang T. ( 2020). Opportunities and challenges when green accounting is applied in Vietnam in the trend of sustainable development.International conference on finance, accounting and auditing, 12-20.
Jundong, M. &Juntao, M. (2019).A research review of corporate green accounting information disclosure.IOP conference series: Earth and environmental science, 1-5.
Kumari, J. (2019). Green accounting and its importance.Inspira-journal of commerce, economics & computer science, 5(3), 45-48.
Lako, A. (2018). Conceptual framework of green accounting.Majalahakuntan, 60-66.
Meshack, S. & Eunice, M. (2022). Green accounting and material flow analysis in oil producing companies in Nigeria. Journal of accounting and financial management, 8(3), 57-72.
Muhaiminul, I. &Rahman, N. (2022).Green accounting practices in financial & non-financial sectors and its applicability in Bangladesh. International journal of advances in engineering and management, 4(9), 1444-1459.
Moorthy, K. &Yacob, P. (2013). Green accounting: Cost measures. Open journal of accounting, 2(1), 4-7.
Nguyen, T., Ha, H. & Tran, M. (2023). Determinants influencing the application of green accounting: The case of Vietnamese constructions firms. Corporate governance and organizational behavior review, 7(2), 282–292.
Obiora, F. &Nwamah, K. (2022).Impact of green accounting disclosures on sustainability of manufacturing firms in Nigeria.International journal of trend in scientific research and development, 6(2), 827-837.
Okoli, C., Onuora, J. &Emeka- Nwokeji, N. (2021).Green accounting and firm performance in Nigeria.International journal of trend in scientific research and development, 5(5), 1307- 1316.
Rahman, M. & Mohammad, I. (2023). The impact of green accounting on environmental performance: mediating effects of energy efficiency. Environmental science and pollution research, 1-23.
Rewadikar, B. (2014). Advantages of implementing green accountng. Indian research journal, 1(2), 1- 7.
Ritu, M. &Chawla, P. (2021).Green accounting - A systematic review based on environmental sustainability. First international conference on social work, science & technology, international research journal on advanced science hub, 3(7), 96-102.
Sadiku, M., Ashaolu, T., Adekunte, S. & Musa, S. (2021). Green accounting: A primer. International journal of scientific advances, 2(1), 60-62.
Sebastian, M. (2022). A study on green accounting: Concept and its importance. International journal of creative research thoughts, 10(8), 677-680.
Shanker, M., Barik, M. &Ratchana, R. (2020). Private corporates’ green accounting reporting practices - perception and awareness among employees.UGC care journal, 43(4), 27-33.
Singh, S., Singh, A., Arora, S. & Mittal, S. (2019). Revolution of green accounting: a conceptual review. 2nd international conference on power energy, environment and intelligent control, institute of technology and management, Greater Noida, India, 481-485.
Sinha, M. (2022).A study of importance of green accounting to business and its practices in India. International journal of creative research thoughts, 10(1), 66-71.
Sukmadilaga, C., Winarningsih, S., Yudianto, I., Lestari, T. &Ghani, E. (2023).Does green accounting affect firm value? Evidence from ASEAN countries.International journal of energy economics and policy, 13(2), 509-515.
Sumiati, A., Susanti, S., Maulana, A., Indrawati, L., Puspitasari, D. &Indriani, R. (2021).Influence of green accounting and environmental performance on profitability. Proceedings of the international conference on social, economics, business, and education,145-151.
Susanti, I., Hertati, L. &Putri, A. (2023).Effect of green accounting and environmental performance on company profitability.Current advanced research on sharia finance and economic worldwide, 2(2), 320-331.
Tu, J. & Huang, H. (2015).Analysis on the relationship between green accounting and green design for enterprises. Journal ofsustainability, 6267-6277.
Ulupui, G., Murdayanti, Y., Marini, A., Purwohedi, Mardi, A. &Yanto, H. (2020).Green accounting, material flow cost accounting and environmental performance. Journal of accounting, 6 (1), 743–752.
Wahyuni, D. (2009). Environmental management accounting: Techniques and benefits. Jurnal akuntansiuniversitasjember, 7( 1), 23-35.
Yadav, M. (2018).Green accounting a review paper.Environmental investigation reports, 1-7.
Yeasin, H. (2021). Green accounting. Journal of infrastructural development in Bangladesh, 1-45.
Refbacks
- There are currently no refbacks.
Copyright (c) 2024 Micah Ezekiel Elton Mike (PhD), Okonkwo Okechukwu (PhD), Ibrahim Hassan Jimba (PhD)
ISSN (PRINT): 2682 - 6135
ISSN (ONLINE): 2682 - 6127
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.