Impact of Environmental Accounting in Management Accounting System

CONTENTS INTRODUCTION What is Accounting Branches of Accounting Definition of Environmental Accounting Definition of Management Accounting Functions of Management Accounting LITERATURE REVIEW MANGEMENT ACCOUNTING SYSTEM Features of Useful Management Accounting AN INTRODUCTION TO ENVIRONMENTAL ACCOUNTING {text:list-item} {text:list-item} {text:list-item} {text:list-item} {text:list-item} {text:list-item} {text:list-item} BENEFITS OF ENVIRONMENTAL ACTIVITIES Economic effects of Environmental activities IMPACT OF ENVIRONMENTAL ACCOUNTING IN MANAGEMENT ACCOUNTING SYSTEM. CONCLUSION INTRODUCTION An overview of accounting is needed to understand the impact of environmental accounting in management accounting system. Environmental accounting can support national income accounting, Financial Accounting or internal business managerial accounting. Hence, some basic accounting terms are to be explained in other to have a better understanding of the primer under study. Accounting: **American Institute of Certified Public Accountant (1962) defined Accounting as “the act of recording, classifying and summarising in a significant manner and in terms of money, transactions and events which are part at least of a financial character and interpreting the result thereof”. American Accounting Association defines Accounting as “the process of identifying, measuring and communicating economic information to permit informed judgement and decision by users of the information”. Basically, Accounting can be defined as “the process of collection, recording, presenting, analysing and interpreting financial information for the users of financial statement”. BRACHES OF ACCOUNTING There are various branches of accounting. They are, Financial Accounting Cost and Management Accounting Government Accounting Oil