A Study on Environmental Accounting with Special Reference to Environmental Cost Management

Abstract

The main aim of this research is to study the meaning of environment accounting and understand the importance of environmental cost management. Environmental accounting, often known as green accounting, is a change to the System of National Accounts that takes into account the usage or depletion of natural resources. Environmental cost management allows your company to keep track of the costs associated with the environmental effect of its operations. Controlling environmental costs and encouraging environmental benefits will increase your company's overall profitability. Empirical research is used for the purpose of the study. Online survey method is used to collect the samples. Samples are collected based on convenient sampling. The sample size of this paper is 200. Statistics used in the research are clustered bar graphs. The information was collected from secondary sources like journals, articles, books and so on. The results reveal that most of the respondents are aware that the deterioration of natural assets like land, water and ecosystems is caused due to economic activities and environmental cost management is important in protecting the environment.