This document discusses green accounting, which is a new branch of accounting that accounts for environmental impacts and factors environmental costs into financial results. It provides a brief introduction to green accounting, discussing key concepts like how conventional accounting ignores environmental degradation. It also covers applications of green accounting to companies, agriculture, manufacturing, and benefits like reduced risks and costs. Challenges of green accounting are noted, such as the difficulty in accurately measuring pollution levels. The document concludes that green accounting is an important and growing field.