ABSTRACT
This chapter will discuss environmentally induced financial impacts on a company's management accounting system. Management accounting 'is the identification, measure ment, accumulation, analysis, preparation, interpretation, and communication of informa tion that assists executives in fulfilling organisational objectives' (Horngren and Foster 198]: 2) . Management accounting 'measures and reports financial and nonfinancial information that helps managers make decisions to fulfil the goals of an organisation. Management accounting focuses on internal reporting' (Horngren et al. 2000: 2) . Synonyms for management accounting are 'managerial accounting' and 'cost manage ment' (Garrison and Noreen 2000; Hansen and Mowen 2000) .
