Accounting Representation from the Corporate Environmental Impact Perspective. In the Context of the Development of ndustrial Activities in Latin America

Abstract

Current tendencies for corporate accounting

representation aim to record accounting facts or phenomena

derived from different perspectives, among which we

find the ecological or environmental one. In that sense, in

addition to record the financial and economic results from

companies, accounting science faces the challenge related

to focusing on appraising and showing data from the corporate

impact on the ecosystem. With this concept, the

objective of this research was to analyze the accounting

representation from the perspective of the environmental

impact caused by the development of industrial activities

in Latin America. Methodologically, the study was carried

out by means of a document exploration using techniques

such as discovery, critical analysis, and analytic summary.

Among the final reflections, the disclosure of economic and

financial information derived from industrial actions on

the environment is supported, from an ecological point

of view, on the quantification of the environmental impact

to be presented as an integral part of the corporate financial

language. This idea is supported by the assumptions of

going concern and sufficient disclosure, which state that

financial statements must disclose any fact that could cause

doubt about the financial situation of the company or the

continuation of its line of business.