Digitalni repozitorijum
Univerziteta u Beogradu
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Sustainability Accounting and Sustainability Reporting of Public Sector Entities : Some Issues of Underlying Concepts
Jović, Danica
Abstract: From the last decade of the twentieth century to these days, Sustainable Development, Sustainable Development Goals, Sustainable Accounting, and Sustainable Reporting have gradually drawn the attention of different stakeholders of the business, public and not-for-profit organizations all around the world. Contemporary profound changes in economic, social, and environmental domains of human activities, on the one hand, and striving for realization of intergenerational equality and equal opportunities for every human being, on the other hand, call for a paradigm shift in the delivery of different types of goods and services for all organizations. The theoretical expectation that public sector entities are leaders in accepting and implementing requirements relating to sustainable development and reporting, based on their purpose and goals, is surprisingly wrong, which has been attested by the results of numerous studies. More specifically, the assumed expectation is not backed by research as the results obtained have shown that the state of affairs is quite the opposite. Public sector entities are significantly lagging behind the private sector ones. An attempt to find the reasons for the given situation is the main aim of this paper. Our work is based on the analysis of the impact of accountability and stewardship concepts, professional accountants' competencies, and legal and professional accounting regulative on the opportunities and limitations of sustainable reporting of the public sector entities.
engleski
2021
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Keywords: public sector entities, sustainable development, sustainable reporting, the accounting profession