Inflation Accounting & Environmental Accounting Explained | UGC NET Commerce 2024

In this video, we provide an in-depth explanation of Inflation Accounting and Environmental Accounting, two critical concepts for modern accounting and financial reporting. Whether you’re preparing for the UGC NET Commerce exam, or just want to understand these advanced topics better, this video covers everything you need to know.

What you will learn:

🔹 Inflation Accounting:
- What is inflation accounting?
- Methods used in inflation accounting (Current Purchasing Power (CPP) method, Current Cost Accounting (CCA) method).
- The impact of inflation on financial statements.
- Why inflation accounting is crucial in high inflation economies.

🔹 Environmental Accounting:
- Understanding the concept of environmental accounting and its importance in sustainable development.
- How companies report environmental costs and liabilities.
- The role of environmental accounting in corporate social responsibility (CSR) and sustainability.
- Global standards and practices in environmental accounting.

Why watch this video?
- Get a clear understanding of inflation and environmental accounting principles.
- Perfect for students, accounting professionals, and those preparing for competitive exams like UGC NET Commerce.
- Real-world examples and practical applications of these accounting methods.
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