Environmental Accounting and Profit Planning of Manufacturing Firms in Nigeria

Ifeanyi Madumere (), Ebubechukwu Jacinta Ogochukwu () and Ajaero, Obioma Obiageli ()
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Ifeanyi Madumere: Department of Accounting, Faculty of Management Sciences, Postal: Federal University Otuoke,, Bayelsa State, Nigeria., https://www.afarng.org/mjms/
Ebubechukwu Jacinta Ogochukwu: Department of Accountancy, Postal: Federal Polytechnic Nekede, Owerri Imo State., ,, https://www.afarng.org/mjms/
Ajaero, Obioma Obiageli: Department of Accountancy, Alvan Ikoku, Postal: Federal College of Education, Owerri, Imo State,, https://www.afarng.org/mjms/

Multidisciplinary Journal of Management Sciences, 2021, vol. 3, issue 2, 141-153

Abstract: This study aimed at ascertaining the effect of environmental accounting on profit planning of manufacturing firms. We anchored this study on the theories of Ecological Modernization. Three research questions and three hypotheses were formulated and tested to guide the study. The study involved Accountants and Managers of 10 manufacturing firms quoted in the Stock Exchange Group of Nigeria as at December 31, 2021. We adopted a crosssectional survey research design. It was found out that environmental accounting significantly affects the profit planning of manufacturing firms to a great extent at 3.15, 2.94 and 2.83 respectively a weighted mean which was estimated at 0.66 at 0.05 level of significance. The calculated value of F-ratio is greater than the critical or table value of F-ratio. This shows that the effect is significant. Thus, the null hypothesis is rejected at 0.05 level of significance. Hence environmental accounting significantly affects the profit planning of manufacturing firms to a great extent Based on the findings, we therefore recommend that manufacturing firms should not only include environmental cost in their capital budgeting but should provide adequate environmental accounting in order to boost their business

Keywords: Capital budgeting; Cost allocation; Environmental accounting; Profit planning (search for similar items in EconPapers)
Date: 2021
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