Trend of Applying Cost Management Accounting in the World

Humanity is currently facing human health problems, environmental degradation and resource depletion. Businesses need to conduct environmental impact assessments, develop and deploy environmental treatment solutions. To do that work, many types of costs inevitably arise on an increasingly large scale related to the environment, handling environmental impacts and improving environmental quality. The requirement for administrators is to have more information about costs related to the environment that arise. Therefore, the application of environmental cost management accounting is an inevitable trend, considered an important and necessary tool to meet the above requirements.