This paper examined the level of environmental accounting practice in Nigeria. The aim of it was to provide information on how environmental accounting could be used to enhance sustainable development in Nigeria. The exploration of natural resources in Nigeria has increased over the years and this has negatively affected the living standard of Nigerians greatly. This can be seen as the weather conditions are changing and the seasons in the country are gradually becoming abnormal. Experts have explained that it is as a result of the depletion of the ozone layer. This paper takes a look at the need for organizations to account for the effects of their organizational activities on the environment. Also, adequate recommendations were made to ensure a sustainable development in Nigeria through environmental accounting.
The dire need for man to always desire to exploit and maximize the resources of his environment is overwhelming. This desire makes man to engage in various activities such as the production of goods and service, ensuring good and adequate accommodation, urban development, etc. Therefore, man’s recent activities within the environment have resulted in serious depletion and degradation of the environment. It is also a well-known fact that environmental problems have increased tremendously by means of technological development and application of same. The fact that there has been rapid development globally since the 1990s not only has led to environmental awareness to become wide spread but also has enabled nations of the world to act fast together for the matter of environmental protection. Of great importance is that the rising concern about environmental degradation, resources depletion and the sustainability of economic activity have made the development of natural resources and environmental accounting and reporting an area of great activity in both developed and developing countries of the world. This paper therefore x-rays the need for organizations to be accountable for the impact of their activities within the environment. This is very vital because accountability will help bring to consciousness the need to protect the environment for sustainable development.The main purpose of this paper, therefore, is to examine the literatures that deal with environmental accounting and sustainability development and how different authors have done researches in the same field.
Download the rest of the work from the link below the references
Adams, M. (1988). Linking environmental and financial performance: A survey of best practice techniques. International Accounting and Reporting Issues UNCTAD
Adekanmu, A., Adedoyin, R. A., & Adewole, J. A. (2015). Environmental accounting: A tool for sustainable development. International Journal of Advanced Academic Research-Social Science and Education, 1(2). Retrieved November 13, 2015, fromwww.ijaar.org.
Agagu, A.A. (2008).Effects of the oil industry on the environment and the future of the Niger Delta of Nigeria. Department of Political Science, University of Ado-Ekiti Conference.
Amer, S., Hamza, A., Emad, A., & Ali, A. (2018). The role of environmental accounting in sustainable development: Empirical study. Journal of Applied Finance and Banking, 8(1). Retrieved May 4, 2018.
Bartelmus, P. (1992, 2013). Accounting for sustainable growth and development. Structural Change and Economic Dynamics, 3(2), 241-260. Doihttp://dx.doi.org/10.1016.
Bassey, E. B., Sunday, O. E, & Okon, E. E. (2003). The impact of environmental accounting and reporting on organizational performance of selected oil and gas companies in Nigerian Delta region of Nigeria. Research of Financial and Accounting.
Burrih, R. L., Hahn, T., & Schalteger, S. (2002). Towards a comprehensive framework for environmental management accounting: Links between business actors and environmental management accounting tools.
Clarkson, P. M., & LiyRichardson, G. D. (2008). Revisiting the relation between environmental performance and environmental disclosure: An empirical analysis. Accounting, Organization and Society, 33, 303-327.
Essan, G. (1998). Managing Nigerians alternative energy resources for national development under the auspices of two-day national seminar on the management of Nigerian resources for national development.
Eze, J. C., Nweze, A. U, & Enekwe, C. I. (2016). The effects of environmental accounting on a developing nation: Nigerian experience. European Journal of Accounting, Auditing and Finance Research, 4, 17-27. Retrieved from www.eajournals.org.
Gray, R. (2013). Back to basics: What do we mean by environmental (and social?) accounting.Organizations and Society, 30, 519-536. Doi 10:10016/j.oas 2005.
Guthrie, J. (2006). Content analysis of social, environmental reporting: What is New? Journal of Human Resources: Costing and Accounting, 10, 114-126.
Hassan, S., & Ahmet, A. (2009).The importance of environmental accounting for sustainable development. International Symposium on Sustainable Development, June 9-10 2009, Sarajero. Assessed on 16/4/2018
Igweonyia, O. V. (1989). Impact of environmental accounting and reporting on sustainability development in Nigeria economy. IMT International Journal of the Arts and Sciences, 1 (1)
Irokwe, U.I., Success, G.O. (2015). Environmental accounting and sustainable development: A study of Niger Delta area of Nigeria. International Journal of Business and Management invention.
Jude, A. A., & Sunny, A. (2014). Environmental accounting: A tool for sustainable development in Nigeria. Accessed on 4/5/2018.
Khalid, F. M., Lord, A. P. B. R., & Dixon, D. K. (2012). Environmental management accounting implementation in environmentally sensitive industries in Malaysia.
Lohmann, L. (2009). Toward a different debate in environmental accounting: The case of carbon and cost benefit accounting.Organizations and Society, 34, 499-534. http://dx.dvi.org/10.1016/j.oas 2008
Mabogunje, A.I. (2007).Health challenges of Nigerian urbanization: Paper presented at the 9th Benjamin Olukayode Memorial Lecture at the University College Hospital, Ibadan.
Mary, I. (2017). Types of environmental problems in Nigeria. http://www.naija.ng/1130596-types- environmental problems-Nigeria. Htm 1130596. Assessed 30/4/2018
Myers, N. (1989).The environmental basis of sustainable development: Environment management and economic development. Baltimore: John Hopkins University Press.
Nemli, E. (2009). Cuverye Duyarli www.sbf.instabul.edu.tr/dergi/sayi23-24/17htm assessed on 10/5/2018
Ogbeifun, L. B. (2007). Effects of petroleum products vandalization on Nigerian economy. www.tribune.com.ng.
Pramahik, A. K., Shill, O. H., & Das, A. B. (2007).Environmental accounting and reporting, New Delhi: Deep Publication POT Limited.
Seetharaman, A., Mohammed, I., & Saravanan, A. S. (2007). Environmental accounting as a tool for environmental management system. Journal of Applied Science Environment and Management.
Sustainable Development Report: 2011 (2017). The United Nations Publication, New York.
Thornton, D. B. (2013). Green accounting and green eye shades twenty years later. Critical perspective on accounting 24(6), 438-442. Doihttp://dx.dor.org/10.1016 United Nations Development Report (2011): United Nations Publication, 2011.