Importance of environmentally oriented accounting in enterprise effectiveness and sustainability management

Management of enterprise effectiveness and sustainability in a globalized economy requires innovations in traditional approaches to enterprise management and changes in managers thinking. The enterprise, which is aware of the mutual interdependence of competitiveness and sustainability, will implement not only economic aspects but also environmental aspects in its accounting system. An environmentally oriented accounting began to be formed in response to criticism of the inability of the accounting system to record the impact of business activities on the environment. The key objective of the article is: to point out the importance of environmental information in the enterprise accounting system, to document the status of the environmental information monitoring in an accounting of selected enterprises in the Slovak Republic, to present the proposal of the authors for monitoring environmental characteristics of indicators and items which are the subject of accounting.