From Key Accounting to Alternative Accounting

Abstract

Traditional accounting has been grid for a long time in only monetary items that is why after many investigations in 1970 a new vision was born with important factors such as social, environmental and economic impacts, This is how we move from monetary accounting to non-monetary accounting based on the three-dimensional theory of accounting, where this theory focuses on sustainability. The objective of this article is to provide information about current accounting and how it contributes to the social, environmental and economic development of a country; and on the other hand, companies are guided about the implementation of sustainability reports, which in turn leads to better decision-making at the administrative level. In the same way this paper is developed according to the qualitative approach of descriptive-explanatory type which results from the history of accounting and its important advances over time; it is expected that with this article the entities, counters and future counters become aware of the negative impacts generated by an entity which must be measured and reported for subsequent evaluation and elimination.