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Environmental Management Accounting as a Strategy for

In: Business and Management

Submitted By olumide
Words 3146
Pages 13
UNIVERSITY OF JOS
FACULTY OF MANAGEMENT SCIENCES DEPARTMENT OF ACCOUNTING
MASTERS IN ACCOUNTING AND FINANCE (M.Sc)

ACC 512 – ADVANCED MANAGEMENT ACCOUNTING
“ENVIRONMENTAL MANAGEMENT ACCOUNTING AS A STRATEGY FOR CORPORATE SUVIVIAL”

PRESENTED TO THE COURSE LECTURER –
PASTOR j a OLOREDE

BY; OLUMIDE ABISOYE OLOWOKURE PGSS/UJ/00083/10

Introduction
Environmental accounting is a broader term that relates to the provision of information on environmental-performance to different stakeholders both within, and outside, an organization. The United States Environment Protection Agency (US EPA) sees the main function of environmental accounting as that of bringing environmental costs to the attention of corporate stakeholders who may be able and motivated to identify ways of reducing or avoiding those costs while at the same time improving environmental quality.
Environmental accounting has three major aspects.
1. National Income accounting, which addresses the environmental accounting need of the nation and it’s external in nature. It is basically the micro economic measure which may use for instance physical or monetary units to refer to the consumption of the nation’s natural resources.
2. Financial accounting which addresses the environmental accounting needs of the firm this is also external in nature. This may simply be the estimation and public reporting of environmental liabilities and financial material environmental costs.
3. Managerial/management accounting, this addresses the environmental accounting needs of firms also but basically internally. And this is our focus in this paper. We will like to see how companies can us environmental management accounting (EMA) as a strategy of sustaining themselves in business.
The view that environmental management accounting (EMA) basically relates to

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