Environmental Practices and Level of Awareness in Green Accounting: A Descriptive-Correlational Analysis among Accountancy Students

Traditional accounting, which focuses on the monetary aspect, produces financial statements that are useful for different users; however, it omits different concerns that must be included. To address the shortcomings of this accounting method, the notion of green accounting must be established to address social and environmental issues in the accounting process. However, given insufficient information on the topic, the apprehension and application of the concept falter from its actual occurrence, although it is deemed significant. Hence, with accounting students as prospective accountants, understanding their roundabouts enables the quantification of these characteristics to serve as a basis for their perceptions of sound decision-making. The study's objective is to evaluate environmental practices and awareness about green accounting and identify whether their sociodemographic profile has a moderating effect. The study used descriptive-correlational analysis, supported by a paper-based survey questionnaire, to gather data information, and was analyzed and explicitly interpreted on a five-point Likert scale. This study involved 200 respondents from various Higher Education Institutions in the Philippines. The significant relationship between ecological practices and green accounting awareness among accountancy students in the Philippines. A moderate level of understanding under awareness and frequent observance of environmental practices. Moreover, sociodemographic profiles did not moderate this relationship. Hence, institutions should be more active in directing students toward green accounting concepts for undergraduate research. As a result, this research contributes to the emerging field of green accounting, providing insights for educational institutions, businesses, and policymakers regarding the awareness and practices of future accountants in addressing environmental considerations.