ABSTRACT
Environmental issues in financial accounting and reporting are examined in this chapter. The purpose of financial accounting is to generate financial information about a company in order to provide a basis for transparency and accountability relationships with stakeholders such as shareholders, creditors and non-governmental organisations. Finan cial reporting is used by managers to communicate the dated financial information to external parties. In particular, information reported reflects the financial position and changes in financial position of a company's dated cash-fl.ow information and additional information considered beneficial for stakeholders to receive.
