Environmental Accounting and Reporting Practices: Significance and Issues and Journey Ahead in Nigeria Corporate Organisation (Published)
Environmental accounting and reporting practices as an emerging trending issue is dynamically fruitful to the fulfilment of the yearnings and aspirations of the key stakeholders in the corporate set up. It introduces transparency and accountability particularly in the area of resources management more so with natural resources. It involves the identification, measuring and controlling of costs, liabilities and consequentially assets that may be affected in the course of ordinary business and it encompasses sustainability reporting as well. A combination of primary and secondary data revealed that environmental accounting is still at infancy and the need for an implementation roadmap backed by the necessary statutes will be desired to ensure that all the accruable benefits of environmental accounting and reporting are enjoyed.
Keywords: Environmental Accounting, Nigeria, corporate organization, reporting practices
Environmental Accounting and Reporting Practices: Significance and Issues in Nigeria Listed Deposit Money Banks in Nigeria. (Published)
The present study entitling “Environmental Accounting & Reporting Practices: Significance and Issues: A Case listed Deposit Money Banks (DMBs) in Nigeria” is based on primary data. The primary data were collected from the total number of 34 Accountants, taking two from each company. The main findings of the study are: i) the respondents have felt the strong significance of EA (Environmental Accounting) and ER (Environmental Reporting) in their Annual Reports, ii) the respondents have also been aware for EA and ER practices, iii) the respondents have identified some major problems involved in EAR (Environmental Accounting and Reporting) practices as shown table 4 and also have suggested some measures as presented in table 5. From the above discussions, it is clear that EAR practices in DMBs is highly significant but not too satisfactory as there are many issues hindering them from carrying out best practices in EA and ER and hence poor in real sense of the term. Therefore, in order to improve the EAR practices in the DMBs, the proper authority need to implement the suggestions put forward by the respondents without any further delay.
Keywords: Environmental Accounting, deposit money banks Nigeria., reporting practices
The Effects of Environmental Accounting on a Developing Nation: Nigerian Experience (Published)
The degrading of natural resources and the continued green house gas emissions in Nigeria are on the increase and of concern to the stakeholders, hence the need for increased information on the organizations’ influence on the environment. The study identifies environmental accounting issues and the effects of these environmental factors on the life of Nigerians. It was discovered that environmentally friendly organizations who voluntary disclose their environmental activities enjoy high level of competitiveness. Environmental accounting motivates organizations to track their green house gas emissions and other environmental elements against reduction or elimination point. It was recommended that companies should adopt acceptable and uniform standards for the purpose of control and measurement of performance, and should design products which generate less waste or emission during their life cycle.
Keywords: Environmental Accounting, Environmental Effects, Green House Gas Emission and Stakeholders