Impact of Environmental Accounting Disclosure on Financial Statements
- Author MBATUEGWU
- Co-Author Christopher David, LAWAL, Sagir, EGBERI, Oyinemi Elvis
- DOI 10.17605/O
- Country : Nigeria
- Subject :
Keywords : Environmental Accounting, Nigeria's natural resources, financial statements of firms
Abstract
Accounting for the environment improves investment decisions. In the long run, environmental accounting aids in the management and protection of Nigeria's natural resources. The main objective of this study is to examine the environmental accounting reporting in the financial statements of firms in Nigeria. It aims to investigate the extent and manner of environmental degradation. The majority of Nigerian quoted companies do not report their environmental accounting practices in their annual reports. Environmental Accounting enables organizations to track their environmental data and other greenhouse gas (GHG) emissions against reduction targets. It also facilitates environmental reporting to provide sustainability-related data that is comprehensive, auditable, and timely. Wikipedia describes Global Environmental Accounting as "an accounting methodology that deals with areas like energy, ecology, and economics at a worldwide level". National Environmental Accounting involves an individual country's accounting for its environmental problems. The US EPA categorizes environmental costs into potentially hidden costs, contingent costs, image and relationship costs, and social or external costs.
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