Abstract:

Today, it is seen that the financial information produced by accounting is insufficient to evaluate the performance of institutions. In addition to producing financial information, accounting also needs to produce and report non-financial information. In this context, sustainability accounting and reporting emerges as an important tool in collecting information about the sustainability performance of institutions and communicating this information to stakeholders in order to create an accountability system, which is one of the important elements of public financial management. With sustainability accounting and reporting, an effective accountability system that collects information about the sustainability performance of institutions and communicates this information to the stakeholders is ensured. The aim of this study is to examine the importance of sustainability accounting and reporting, which is important for sustainable development and differs from traditional accounting as a new concept, for public financial management in the context of the relevant literature. It has been seen that sustainability accounting and reporting are necessary for public institutions as well as for the private sector.

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