The goal of environmental accounting is to assist in creating sustainable or 'green' development through the pursuit of more efficient environmental conservation practices and standards. This type of accountant is primarily responsible for making an effort to find financially viable ways to limit or completely eliminate a company’s environmental impact through use of policy, technology, skills or knowledge improvement and training of staff in combination with human resources, as well as to develop a restoration plan if an environmental issues, such as unintended pollution, do occur. The work performed by environmental accountants studies the finances of companies and firms to allow them to identify how expensive their key conservation procedures are, as well as the financial impact and non-fiscal related impacts and benefits gained from establishing or continuing them. Additionally, environmental accountants monitor and report on the environmental cost and financial results of these practices.
While environment-related expenses are sometimes lumped in with the rest of a company’s overhead, tracking the cost of meeting legal regulations, producing or utilizing certain products, and following established business practices and policies can result in significant savings for a company's bottom line. This is because environmental accounting paints a clear picture of a business’s ecological sustainability practices from every angle so that company executives can make better and more informed business decisions that will ultimately save money and reduce negative environmental consequences.Search Accounting Programs
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