Environmental Information in Financial Statements - “New” Comprehensive Income?

• Main Author: Dvořáková Dana
• Format: Article
• Language: English
• Published: Tomas Bata University in Zlín 2009-12-01
• Series: Journal of Competitiveness
• Subjects: accounting; environmental; sustainable development
• Online Access: http://www.cjournal.cz/files/3.pdf

The view at an enterprise is changing in connection with the adoption of the concept of sustainable development. An enterprise begins to be perceived as a unity of economic, social, and environmental dimensions. An empirical study which was accomplished within this research confirmed positively that insufficient connrction of information between economic, environmental and social dimensions of business weakens the potential and reliability of presented information. On the other hand the consistent use of multi-dimensional concept demands the interconnection of information on all three dimensions in an annual report. The aim of this paper is to examine whether it is possible to provide complex, multidimensional information about an enterprise and, at the same time, respect the IFRS.