Vol. 2, Issue 12, Part I (2016)

Abstract
Worldwide environmental problems are having a adverse impact on quality of life. In order to sustain in this growing world our aim is to think about the crucial area of social responsibility and many are aware of this and are adopting this in their business with the help of Green Accounting. Accounting is discipline of measuring, communicating and interpreting the financial activity. Green accounting is a growing field that identifies resource use, measures and communicates costs of a company or the national economy actual or potential impact on the environment. For sustainable development of country, a well-defined environmental policy as well as proper follow up and proper accounting procedure is needed. This paper aim to review the need, objectives, benefits of the green accounting for the sustainable development of the new century companies.