Zeitschrift für Wirtschaft und Finanzen

Taking Sustainability into Account When Determining Capital Budgeting Decisions

Abstract

Douglas Alem*

We are accustomed to thinking about accounting1 as the "language of business" and using it as our lens to observe and assess the success of businesses. Accounting's most basic definition is the expression of events, transactions, or physical flows in a financial form. Such information is gathered, categorised, compiled, and reported in order to depict financial performance. As a result, accounting replaces other acceptable formats or methods of conveying performance and frequently becomes the dominating notion through which corporate performance is regarded for a discussion of interactions between accounting and other forms of organisational knowledge). Therefore, at its most fundamental level, accounting is a technical discipline.