Question: Within the field of management accounting, as in any other professional area, one must constantly be adapted to global and environmental issues such as BP oil spill in The Gulf Of Mexico .In an increasingly global economy, effective management of environmental cost and performance may become a source of competitive advantage.
Required:
a) What is environmental accounting
b) How is Environmental accounting management used in decision making?
c) What is your opinion on the above statement? Clearly state your reason