... value on them in order to include them in the company's financial records. The Environmental Protection Agency (EPA) defines environmental accounting as "the addition of environmental cost information into existing cost accounting procedures and/or recognizing embedded environmental costs and allocating them to appropriate products or processes" (12/05/03). Similarly the Australian governments environmental website states 'Environmental Accounting aims to provide organizations with the information required to understand the full spectrum of their environmental costs and to integrate these costs into decision making' (12/05/03). By doing this, the company is able to see a more accurate figure as to the costs of production of their goods or services. There are two main types of environmental accounting, financial and management, they are concerned with external users of information and internal users of information respectively. Although there is a difference in the type of information presented the underlying objective is the same, to ...

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