~ 12 ~ ISSN Print: 2394-7500 ISSN Online: 2394-5869 Impact Factor: 5.2 IJAR 2020; 6(5): 12-14 www.allresearchjournal.com Received: 10-03-2020 Accepted: 12-04-2020 Dr. Dipak M. Rathod Assistant Professor Shri SDR Bapu Mahila Home Sci. and Lt. M J Kundaliya Eng. Med. Mahila Commerce College, Rajkot, Gujrat, India Roshni S. Rupareliya Research Scholar, Saurashtra University, Rajkot, Gujrat, India Correspondence Author: Dr. Dipak M. Rathod Assistant Professor Shri SDR Bapu Mahila Home Sci. and Lt. M J Kundaliya Eng. Med. Mahila Commerce College, Rajkot, Gujrat, India Green accounting: An overview and implications on emerging India Dr. Dipak M. Rathod and Roshni S. Rupareliya Abstract Green Accounting simply is an analysis of environmental costs and benefits. It gives emphasis on systematic maintaining separate accounting for use of natural resources. Green Accounting is the newly adopted concept that helps business organizations by systematically recording all the environmental costs and benefits incurred in terms of damage and depletion of natural resources as a result of their use. It is an expanding field that focuses on factors like resource management and environmental impact on human beings. Companies are incorporating the concept of environmental element in their business operation and to maintain records o and identification of resource utilization and incurred cost. Support from government is required for making its mandatory for large scale companies to follow green accounting. Green Accounting in India is in introductory or developing stage both at national level and at the corporate level. This paper makes an attempt to concentrate on understanding the concept and implication of Green Accounting on India. Keywords: Green accounting, resources accounting, environmental impact, environmental cost, economic development Introduction 21 st Century age is an age of prosperity and progress. Humans are giving more and more emphasis on technological advancement, but at the same time due importance is also given to the nature and environmental surroundings near us. Humans have already damaged the environmental beyond the repairs. However recognising the importance that environmental plays vital role in our survival is really appreciable. In present era there are so many organizations and associations are working not for only protecting the environment but also creates awareness among the masses about the importance of environment. Corporate and Businesses are also taking steps towards understanding and formulating steps to promote green and environmental friendly causes for the present and future. Amongst the various steps taken towards preservation of environment a new branch of Accounting is developed which is called as “Green Accounting” or “Environmental Accounting”. It is also called as Resource accounting or Integrated accounting. Meaning and history Environmental Accounting was first discussed by Prof. Peter Wood in four decades ago. But at present also so many business units are not giving due consideration to the Environmental Accounting. Environmental Accounting or Green Accounting is a new branch of accounting that aims at accounting for the environment and its well-beings. The adoption of green accounting depicts the commitment of saving environment by an enterprise. It deals with three most important factors namely People, Profitability and Planet. Green Accounting provides vital information for the use, impact, status and value of natural resources in a particular country. It also gives an idea about expenditures on resources management and environmental protection. India’s Former Environmental Minister Mr. Jayram Prakash when in power stressed the need and importance to bring green Accounting practices to the forefront of accounting in India. International Journal of Applied Research 2020; 6(5): 12-14