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ENVIRONMENTAL COST ACCOUNTING IN CAMEROON AND TIMBER COMPANIES PRODUCTIVITY | Abstract
International Journal of Accounting Research

International Journal of Accounting Research
Open Access

ISSN: 2472-114X

+441518081309

Abstract

ENVIRONMENTAL COST ACCOUNTING IN CAMEROON AND TIMBER COMPANIES PRODUCTIVITY

Samuel Tanjeh Mukah

Cameroon like many countries in the world pursues the achievement of sustainable development, positive relationship with the community, and effective and efficient environmental conservation activities. Organisations are expected to identify and incorporate in their financialstatementstheir cost of conserving the environment. This study had as objective to examine the relationship between the productivity of timber production companies and some environmental costs prevention variables. Specifically, it examined the effect of cost accounting for pollution prevention, global environmental conservation, and resource recycles on the output of timber companies in Cameroon. Through a survey, data was collected and analysed using the Ordinary Least Square (OLS) estimation technique.The empirical results revealed that it is cost saving and profitable to carry out cost accounting for pollution prevention, contribution to global environmental conservation, and resource recycling by environmental stakeholders. An increase in the cost accounting forany of these independent variablessignificantly improves the productivity of timber companies. Environmental stakeholders in general and timber exploitation entities in particular should beadequately sensitised by the government and professional accounting bodies on the need to incorporate realistic values of natural resources and the costs of environmental conservation in their financial records and statements.The government should enforce the legislation in a way that compels the environmental exploitation participants to abide with such accountability in their financial statements.

Published Date: 2021-04-22; Received Date: 2020-12-30

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