ABDULKAREEM, Idris Toyin
Department of Taxation
Federal Polytechnic, Kaura Namoda, Zamfara State, Nigeria
aidristoyin@gmail.com
GODWIN, Christopher
Department of Taxation
Federal Polytechnic, Kaura Namoda, Zamfara State, Nigeria
godwin4christ2008@gmail.com
INEDU, Cecilia
Department of Taxation
Federal Polytechnic, Kaura Namoda, Zamfara State, Nigeria
ineducecilia923@gmail.com
ABSTRACT
This paper argues for the necessity of environmental accounting report of companies’ products
and processes; and the need to ensure that companies’ product and process design are considered
with a view to reducing environmental cost. The paper undertook an extensive review of
literature to unravel the positions, arguments and reports of prior studies; and determined that
companies operations have negative impact on the environment, hence, argues in favour of
environmental cost accounting of firms’ operations. The paper argues that proper environmental
accounting report have the capacity to reduce environmental cost of from the acquisition of raw
materials, production and disposal at end-of-life. Therefore, this paper concludes that
environmental cost accounting is a sine qua non to companies’ performance; and recommends
that companies must take cognizance of environmental accounting report in their product and
process designs so as to reduce the cost of their operations on the environment and also improve
their performance.
Keywords: Environmental accounting, environmental accounting report, product life cycle and environmental policy