GREEN RUSH IN ACCOUNTING FIELD OF INDONESIA FROM DIFFERENT PERSPECTIVES

The international direction toward the sustainability of environment influences many aspects and one of the concepts that starting to change is accounting, from the accounting treatment until the financial report requirement. Indonesian Institute of Accountant (IAI) as the main regulator of the accounting practice in Indonesia also starting to issue “green” standards that support the sustainability issues. Not only just the regulator, the growing concern related with the environmental also comes from different stakeholders such as management, investor and academic. Based on this phenomenon, this paper is trying to analyze the effect of emerging environmental sustainability issues in accounting from the perspectives of major stakeholders in Indonesia. The methodology of this paper is by reviewing the practice and implementation of environmental concepts embedded with accounting in Indonesia. The data collection is based on the analysis of information from different public sources such as: journal article, corporate journal,seminar, and internet based information. In addition, the analysis of the different perspective is based on related theory. The transformation of the accounting in Indonesia, from the conventional accounting into the new accounting concept is not only focuses on financial success but also quantifies the contribution of the social and environment aspect. The transformation of this accounting field also affecting several parties. While the Indonesia government and IAI as the regulator that related with accounting practice trying to support this change by issuing some regulations and standards, the deep impact also affecting accountants as the practitioner, not only they need to improve the knowledge but only starting to become more integrates with other disciplines. This paper is based on the perspectives of major stakeholders in Indonesia regarding the changes of the accounting point of view related with environmental issues. Therefore the result is hoping to be as the part of academic contribution to reveal the green movement in Indonesia specifically in accounting field