Via the exploration to what sustainability accounting may entail, the accounting profession is likely to be involved in re-examining accounting dauntlessly in the light to the challenge to sustainable development. Several rapports and significant statistical work as well as a growing body to measurement on accounting for sustainable development is being carried out in many international and national settings.
Even supra;national policy bodies like the United Nations and the COED have sponsored work addressing accounting for sustainability. Up till now environmental accounting is the most evolved form of sustainability accounting and increasingly processed in the academic circle beginning with the work of Robert Hugh Gray in the early 1 9905, and through the release of the Sustainability Accounting Guidelines at the World Summit on Sustainable Development in 2002.
Transport satellite accounts (Tars) promise a relatively new tool to measure and analyses the transport sector as a whole Satellite accounts provide an accounting framework linked to the national accounts and which enable attention to be focused on d certain field or aspect of economic and social Life_ Common examples are satellite accounts for the environment and tourism. The system of national accounts provides a comprehensive framework In which to present statistical data on economic transactions between establishments.
The SNAP consists to a “coherent, consistent and integrated set of macroeconomic accounts, balance sheets and tables based on a set of internationally agreed concepts, definitions, classifications and accounting rules” (SNAP, 1993). They structure the costs of production and income generated in the production process, the flow of goods and services produced within the national economy, and the flow of goods and services with the rest of the world in a comprehensive way, and also provide the basic information for the derivation of detailed input-output tables that are extensively used for purposes of economic analysis and projection.
