environmental accounting design - Covenant University Repository

6. To what level of adequacy are policy regulations on environment in Nigeria to ensure
control and prevention of environment degradation and pollution?
1.4 Objectives of the Study
The broad objective of the study is to investigate best practice of environmental
accounting among Oil & Gas and manufacturing companies currently operating in Nigeria. The
specific objectives of the study are to:
i. Assess the independence of tracking of all costs impacting on the environment.
ii. Assess the efficiency and appropriateness of environmental costs reporting and
disclosure.
iii. Ultimately, evolve and provide conceptual bases and design for cost and
management accounting and disclosure in financial reporting of environmental
information.
1.5 Research Hypotheses
this study:
The following Null Hypotheses were tested in order to achieve the stated objectives of
1. H0. Environmental expenditures are not charged independently of other expenditures in the
Oil & Gas and Manufacturing sectors.
2. H0. The non-application of environmental cost accounting has significantly affected the
tracking of externality costs in the Oil & Gas and Manufacturing sectors
3. H0. The application of environmental accounting practice in the Oil & Gas and
Manufacturing sectors does not impact on company performance in Nigeria.
8