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    Environmental accounting is a tool used by companies and organizations to quantify and manage their environmental conservation activities. It identifies, measures, and communicates the environmental costs and economic benefits of these activities in monetary and physical terms. Doing so provides insights into the benefits of environmental investments and helps improve efficiency, supporting rational decision-making. It also increases accountability to stakeholders and boosts public trust. There are four main forms of environmental accounting that differ based on their scope and focus.

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    Environmental accounting

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    Environmental accounting is a tool used by companies and organizations to quantify and manage their environmental conservation activities. It identifies, measures, and communicates the environmental costs and economic benefits of these activities in monetary and physical terms. Doing so provides insights into the benefits of environmental investments and helps improve efficiency, supporting rational decision-making. It also increases accountability to stakeholders and boosts public trust. There are four main forms of environmental accounting that differ based on their scope and focus.

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    349 views9 pages

    Environmental Accounting Insights

    Uploaded by

    viji
    Environmental accounting is a tool used by companies and organizations to quantify and manage their environmental conservation activities. It identifies, measures, and communicates the environmental costs and economic benefits of these activities in monetary and physical terms. Doing so provides insights into the benefits of environmental investments and helps improve efficiency, supporting rational decision-making. It also increases accountability to stakeholders and boosts public trust. There are four main forms of environmental accounting that differ based on their scope and focus.

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    of 9

    Environmental

    Accounting
    Environmental accounting

    Companies and other organizations are engaging in


    environmental management as part of their management
    strategies to specify measures for dealing with environmental
    issues and to internally carry out environmental conservation
    activities.
    Environmental accounting is a tool to supplement
    environmental management.
    not only used by companies or other organizations internally,
    but is also made public through disclosure in environmental
    reports.
    Necessity of Environmental Accounting
    The quantitative management of environmental conservation activities is an
    effective way of achieving and maintaining sound business management.
    can accurately identify and measure investments and costs related to
    environmental conservation activities,
    can prepare and analyze this data.
    better insight into the potential benefit of these investments and costs,
    improve the efficiency of its activities,
    important role in supporting rational decision-making.
    have accountability to stakeholders, such as consumers, business partners,
    investors and employees,
    helps companies and other organizations boost their public trust and
    confidence and are associated with receiving a fair assessment.
    Environmental Accounting is structured to identify, measure and
    communicate a company’s activities based on its environmental
    conservation cost or economic benefit associated with environmental
    conservation activities, the company’s financial performance which is
    expressed in monetary value, and its environmental conservation benefits,
    the organization’s environmental performance, which is designated in
    physical units

    monetary value
    Physical units

    Economic & monetary value


    Types Of Environmental Accounting
    There are four form of environmental accounting.
    These are;
    Environmental Financial Accounting (EFA),
    Environmental Cost Accounting (ECA),
    Environmental Management Accounting (EMA),
    Environmental Nation Accounting (ENA) - deals
    with economics on a country's level.
    Functions and Roles of Environmental
    Accounting
    Dimensions To Environmental

    Accounting.
    Materiality and
    (1) Relevance
    significance
    (2) Reliability
    Faithful Representation
    (3) Understandability Substance Over Form
    (4) Comparability Neutrality
    Completeness
    (5) Verifiability Prudence
    Structural Elements of Environmental
    Accounting
    Thankyou …

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