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E-ISSN : 2249 - 4642 | P-ISSN: 2454 - 4671



The Challenges of the Circular Economy in Accounting Concepts and Applications and Possible Solutions

Nawal Harbi Radhi, Dr Mohammed Abdullah Ibraheem

Volume: 11 Issue: 4 2021


The aim of the research is to clarify the most important challenges faced by the adoption of the circular economy (CE) in accounting concepts and applications, and the possibility of solutions and procedures to meet those challenges. The analytical approach was adopted to achieve the research objective. Among the most important conclusions that were reached is that the challenges were represented in the difficulty of reporting natural resources and waste resources as assets, social responsibility as liabilities, historical cost and continuity hypothesis, risk reporting, and the lack of rules for reporting on the circular economy. Possible solutions include complementing the accounting information disclosure model, enhancing the concept of natural resources assets, and improving accounting applications.

DOI: http://doi.org/10.37648/ijrssh.v11i04.011

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