Synopsis Now-a-days, the environmental issues have become top most priority. There is more and more demand for assessment of the environment impact on goods and services being produced. There is growing pressure for business to consider environmental effect on their operation. As a result, accounting and disclosure of environmental matters have been rapidly emerging as an important dimension of Corporate Accounting and Reporting Practices. It has become a global issue with a pressing need also to harmonise accounting and reporting of environmental costs and liabilities. The global community considers it necessary to determine the best practice in accounting for environmental transactions and events in the financial statements and associated notes. Ultimately, accounting for the environment and its disclosure for the various interested parties in the annual report of the companies has been emerging as an important factor. This book covers almost all the aspects of environmental accounting and reporting system prevailing in India and abroad.