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{"id":22064,"date":"2026-06-02T09:27:46","date_gmt":"2026-06-02T06:27:46","guid":{"rendered":"https:\/\/modecon.mnau.edu.ua\/?p=22064"},"modified":"2026-06-03T09:09:15","modified_gmt":"2026-06-03T06:09:15","slug":"financial-classification-of-economic-accounting","status":"publish","type":"post","link":"https:\/\/modecon.mnau.edu.ua\/en\/financial-classification-of-economic-accounting\/","title":{"rendered":"Tkal Ya., Brychko A. Financial Classification of Economic Accounting Facts in Environmental Management"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]<\/p>\n\n\n\n
JEL Classification:<\/strong> M41; Q56; Q01; L25.<\/span><\/i><\/td>\nDOI<\/b>: https:\/\/doi.org\/10.31521\/modecon.V56(2026)-32<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_column_text][vc_column_text]Yarmila Tkal, <\/b>PhD, Associate Professor Department of Accounting and Taxation, Sumy National Agrarian University, Sumy, Ukraine<\/span><\/p>\n

ORCID:<\/strong> 0000-0002-7646-2266<\/span><\/a>
\ne-mail: <\/strong>y.tkal@snau.edu.ua<\/span><\/a><\/p>\n

Alina Brychko, <\/b>PhD (Economics), Associate Professor, Head of the Department of Public Management and Administration, Sumy National Agrarian University, Sumy, Ukraine<\/span><\/p>\n

ORCID:<\/strong> 0000-0003-4902-1403<\/span><\/a>
\ne-mail: <\/strong>alin\u0430.brychko@snau.edu.ua<\/span><\/a><\/p>\n

Financial Classification of Economic Accounting Facts in Environmental Management<\/b><\/p>\n

Abstract. Introduction. <\/i><\/b>In the context of modern sustainable development and growing environmental challenges, enterprises must integrate environmental considerations into their management systems. Accounting plays a crucial role in providing relevant information for decision-making, particularly by identifying, measuring, and reporting environmental costs and impacts. However, the absence of a structured financial classification system for accounting facts related to environmental activities hinders the evaluation of their influence on financial performance and management efficiency.<\/span><\/i><\/p>\n

Purpose<\/i><\/b>. The purpose of this study is to improve the financial classification of accounting facts within the framework of environmental management and to substantiate methodological approaches to their systematization in accounting practice.<\/span><\/i><\/p>\n

Results.<\/i><\/b> The study is based on an analysis of scientific literature, regulatory frameworks, and existing environmental accounting approaches. The study establishes that current accounting systems inadequately reflect environmental costs and related indicators due to the absence of a unified classification framework. The study identifies the following key categories of accounting facts in the context of environmental management: assets, liabilities, income, expenses, and financial results. Environmental costs are systematized according to their nature, sources of financing, functional purpose, and environmental impact. The authors propose an improved financial classification of accounting facts that incorporates monetary and non-monetary environmental indicators. Additionally, they substantiate the introduction of specialized subaccounts and separate environmental reporting within financial statements as a practical tool for enhancing transparency and analytical capabilities.<\/span><\/i><\/p>\n

Conclusions.<\/i><\/b> Implementing an improved financial classification of accounting facts contributes to the development of environmental accounting and strengthens the information base for environmental management. This allows enterprises to more accurately assess environmental impacts, optimize resource use, and support sustainable development goals. This approach improves the quality of accounting information, facilitates managerial decision-making, and promotes integrating environmental aspects into enterprises’ overall accounting systems.<\/span><\/i><\/p>\n

Keywords:<\/i><\/b> environmental accounting; financial classification; accounting facts; environmental costs; environmental management; accounting; sustainable development; accounting and analytical support.<\/span><\/i><\/p>\n

References<\/b>:<\/strong><\/p>\n

    \n
  1. European Parliament, Council of the European Union. (2010). <\/span>Directive 2010\/75\/EU of the European Parliament and of the Council of 24 November 2010 on industrial emissions (integrated pollution prevention and control) (recast) (Text with EEA relevance)<\/span><\/i>. https:\/\/eur-lex.europa.eu\/legal-content\/EN\/TXT\/?uri=CELEX%3A32010L0075.<\/span><\/li>\n
  2. European Parliament, Council of the European Union. (2006). <\/span>Council Directive 2006\/12\/EC of the European Parliament and of the Council of 5 April 2006 on waste<\/span><\/i>. Official Journal of the European Union, L 114, 9-21. https:\/\/eur-lex.europa.eu\/LexUriServ\/LexUriServ.do?uri=OJ:L:2006:114:0009:0021:en:PDF.<\/span><\/li>\n
  3. European Parliament, Council of the European Union. (2009). <\/span>Directive 2009\/28\/EC of the European Parliament and of the Council of 23 April 2009 on the promotion of the use of energy from renewable sources and amending and subsequently repealing Directives 2001\/77\/EC and 2003\/30\/EC<\/span><\/i>. https:\/\/eur-lex.europa.eu\/legal-content\/EN\/ALL\/?uri=celex%3A32009L0028.<\/span><\/li>\n
  4. European Parliament, Council of the European Union. (2012). <\/span>Directive 2012\/27\/EU of the European Parliament and of the Council of 25 October 2012 on energy efficiency, amending Directives 2009\/125\/EC and 2010\/30\/EU and repealing Directives 2004\/8\/EC and 2006\/32\/EC<\/span><\/i> Text with EEA relevance. https:\/\/eur-lex.europa.eu\/legal-content\/EN\/TXT\/?uri=celex%3A32012L0027.<\/span><\/li>\n
  5. European Parliament, Council of the European Union. (2009). <\/span>Directive 2009\/125\/EC of the European Parliament and of the Council of 21 October 2009 establishing a framework for the setting of ecodesign requirements for energy-related products (recast<\/span><\/i>). https:\/\/eur-lex.europa.eu\/legal-content\/EN\/ALL\/?uri=celex%3A32009L0125.<\/span><\/li>\n
  6. Swalih, M. M., Ram, R., & Tew, E. (2024). Environmental management accounting for strategic decision-making: A systematic literature review. <\/span>Business Strategy and the Environment<\/span><\/i>, 33(7), 6335\u20136367. <\/span>https:\/\/doi.org\/10.1002\/bse.3828<\/span>\u00a0<\/span><\/li>\n
  7. Huynh, Q. L., & Nguyen, V. K. (2024). The role of environmental management accounting in sustainability. <\/span>Sustainability<\/span><\/i>, 16(17), 7440. <\/span>https:\/\/doi.org\/10.3390\/su16177440<\/span>.<\/span><\/li>\n
  8. Hasan, S. A. S., Waghule, S. N., Al Koliby, I. S., et al. (2024). Innovating for sustainability: The role of environmental management accounting in driving environmental performance. <\/span>Discover Sustainability<\/span><\/i>, 5, 183. <\/span>https:\/\/doi.org\/10.1007\/s43621-024-00389-x<\/span>.<\/span><\/li>\n
  9. Kalbouneh, A., Aburisheh, K., Shaheen, L., & Aldabbas, Q. (2023). The intellectual structure of sustainability accounting in the corporate environment: A literature review. <\/span>Cogent Business & Management<\/span><\/i>, 10(2), 2211370. <\/span>https:\/\/doi.org\/10.1080\/23311975.2023.2211370<\/span>.<\/span><\/li>\n
  10. D\u2019Amore, G., et al. (2025). Environmental accounting and sustainability accounting: A bibliometric review and future directions. <\/span>Sustainable Development<\/span><\/i>. <\/span>https:\/\/doi.org\/10.1002\/sd.70069<\/span>.<\/span><\/li>\n
  11. Nyakuwanika, M., & Panicker, M. (2025). The role of environmental accounting in mitigating climate change: ESG disclosures and effective reporting \u2013 A systematic literature review. <\/span>Journal of Risk and Financial Management<\/span><\/i>, 18(9), 480. <\/span>https:\/\/doi.org\/10.3390\/jrfm18090480<\/span>.<\/span><\/li>\n<\/ol>\n

    [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Received: 08 April 2026<\/span><\/strong><\/p>\n

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    Tkal Ya., Brychko A. (2026). “Financial Classification of Economic Accounting Facts in Environmental
    \nManagement”. Modern Economics, 56(2026), 228-234. DOI: https:\/\/doi.org\/10.31521\/modecon.V56(2026)-32.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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    [vc_row][vc_column][vc_column_text] JEL Classification: M41; Q56; Q01; L25. DOI: https:\/\/doi.org\/10.31521\/modecon.V56(2026)-32 [\/vc_column_text][vc_column_text]Yarmila Tkal, PhD, Associate Professor Department of Accounting and Taxation, Sumy National Agrarian University, Sumy, Ukraine ORCID: 0000-0002-7646-2266 e-mail: y.tkal@snau.edu.ua Alina Brychko, PhD (Economics), Associate Professor, Head of the Department of Public Management and Administration, Sumy National Agrarian University, Sumy, Ukraine ORCID: 0000-0003-4902-1403 e-mail: alin\u0430.brychko@snau.edu.ua Financial
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