environmental accounting design - Covenant University Repository

(1992). The study is relevant for improved System of National Accounts (SNA) for National
Income computations considering environmental renewable and non-renewable natural
resources. It will further enhance research in environmental accounting.
It is hoped that this study will evaluate the challenges and prospects facing
organizations with regard to designing environmental accounting concepts and reporting.
Ultimately, environmental accounting disclosure is paramount in corporate organizations in
Nigeria and elsewhere as it has become an issue of concern at the global level.
1.7 Scope of the Study
This study carried out investigations spanning through mainly the Oil & Gas and
manufacturing sectors. The study investigated the manufacturing companies among listed
companies in the Nigeria Stock Exchange namely the agricultural, breweries, automobile and
tyres, building materials, chemicals & paints and conglomerates listed in the Nigeria Stock
Exchange Market considered as environmental polluters. The Oil & Gas sector comprised of
companies in the upstream as well as marketing and distributions. There are 215 companies in
their varied economic sectors from which samples are selected. The modality of this selection
is reported in the section on Research Methodology.
1.8 Research Limitations
Environmental risks which have been limited to legal claims for damages and land
remediation have not been considered as accounting issues. This has partly been responsible
for the financial sector ignoring of environmental accounting. Environmental costing and
reporting is much more than claims for damages. There is lack of environmental accounting
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