Environmental
Environmental accounting is used to assess the organisation’s operation costs and benefits. The process is purposely done to identify environment related costs; at the same time, find ways to lessen or eliminate these costs. A company’s costs can be taxes, environmental fines, acquisition of pollution, and waste management technologies, etc.
Environmental Management Accounting
Over the years, more and more companies are using environmental accounting in their accounting system. Others use it to boost environmental performance. Also, it can help in accurate pricing of products and draw customers to buy their earth friendly products or services. Different areas of environmental accounting are global environmental accounting, national environmental accounting, and corporate environmental accounting.