The global profile of environmental issues has risen significantly in the last two decades. Therefore, it is important to conserve the natural environment; however the activities of human beings which are essential for economic development continue to damage this natural environment through oil spillage, depletion of non-renewable resources. It is important that these externalities be duly recongnised, managed and accounted for in the annual reports of companies. Not many firms/companies have taken any step towards developing any accounting system that tracks and in most instances, report the physical and economic magnitudes of these externalities. This paper title: “Perspective on Management of Environmental Accounting System” is focused on the need for sound environmental accounting system and its link to investment decisions; capital budgeting and environmental project analysis. It also discussed themes in environmental accounting, terms and ranges of environmental accounting, proper accounting on these issues and the benefits of recognizing these environmental issues, integrating them into management decision with a view to achieving corporate status.
Jimah et al. (Wed,) studied this question.