Advancements In Cost Accounting Techniques For Achieving Sustainable Development Goals

Abstract

This research study examines the advancements in cost accounting approaches and their contribution to the attainment of sustainable development objectives. This text critically evaluates the existing cost accounting procedures and their shortcomings in effectively addressing environmental and social implications. The study also examines innovative cost accounting methodologies that include sustainability factors into decision-making processes. The study emphasizes the potential of these advancements to assist firms in harmonizing their financial plans with sustainable development goals, thereby fostering a more sustainable and socially accountable business environment. Cost accounting approaches are essential for achieving sustainable development goals, according to the major findings. The study illustrates that with the implementation of these strategies, companies can proficiently oversee resources, diminish inefficiency, and make well-informed choices that promote environmental and social sustainability.