Explain the Objectives of Environmental Accounting.
Answers
In other words, it is a structure for systematically identifying, measuring, and communicating environmental conservation cost and the economic benefit of environmental conservation measures; this is the financial performance portion of environmental accounting, representing the activities of companies
Environmental Accounting signifies the activities related to the conservation of environment. These are executed by companies and organizations, local entities, and public-interest firms which helps in the maintenance of the stakeholders evaluation towards the provided efforts and support to the environment. The monitored data by the organizations are solely kept for the purpose of publication which are collected based on both internal and external management protocols.