Accounting and Balance Bookkeeping of Information on Natural Capital: Financial and non-Financial Environmental Aspects)

The costs of enterprises to prevent or eliminate the consequences of environmental disturbances significantly affect the current financial results and the continuity of operation of the enterprises in the future. Collection, logging and generalization of information about the environmental component of natural capital in terms of the impact on the value of the company today and in the future is an important task of effective management. In this connection, the problem of developing a methodology for accounting of integrated both financial and non-financial information on the activities of enterprises is relevant. As to non-financial information, it is precisely the consideration of the environmental component of natural capital that comes to the fore because of the high public importance and the interest of each resident in the region of activity of enterprises polluting the environment.The purpose of the paper is to investigate the possibilities of accounting and bookkeeping generalization of information about the environmental component of the natural capital of an enterprise.Objectives are specify accounting entities intended to summarize information about the environmental component of natural capital; provide a classification of environmental costs based on the reasons for their occurrence; determine the place of record of environmental accounting entities in the reporting under IFRS.The paper specifies environmental accounting entities (environmental fixed assets, environmental protection costs with their separation into preventive and subsequent, environmental payments, conditional environmental facts of economic activities). It identifies ways to include environmental information in standard IFRS reporting solutions. The materials of the paper may be applicable for the development of accounting practices and integrated accounting of natural capital. The approach to accounting for natural capital proposed in the paper is based on the elements of the traditional accounting method and reporting under IFRS.