Accounting principles and presumptions in agreement with environmental sustainability

Resumen

Disclosure of companies’ environment-related accounting data is a new operational area for accountants; for that to happen, it is essential to establish a concordant understanding between accounting principles and grounds and those of sustainability. This kind of knowledge achievement unrolls a methodology with exploratory and explanatory means which aims to understand accounting operation regarding sustainability legal premises, taking into account the organization’s economic purpose. It’s necessary to acknowledge that both accounting branches, traditional and environmental, anchor on equally valid theoretical grounds which are feasible to blend and develop useful information to accounting practitioners. The obsolete view that environmental impacts resulting from organizational activities should be regarded as a side effect and dealt with by society is no longer acceptable. Brazilian environmental legislature already states as mandatory to organizations to prevent, limit and recover all negative consequences of their operation. We conclude from that, that accountants must comprehend the assessment of accounting principles and grounds for environmental matters, which is consequently relevant to the connection of the theoretical concepts which the Brazilian environmental accounting is subjected to.