Environmental Management Accounting has no single, universally accepted definition.

According to IFACs Statement Management Accounting Concepts, EMA is the management of environmental and economic performance through the development and implementation of appropriate environment-related accounting systems and practices. While this may include reporting and auditing in some companies, environmental management accounting typically involves life-cycle costing, full-cost accounting, benefits assessment, and strategic planning for environmental management.

By referring to the above statement~

Write a review on the impact of Environmental Management Accounting, specifically in the area of management accounting. The review can be based on the successful implementation of the EMA in any industries either from local or international companies. Students can include a discussion to elaborate the possible areas, processes or activities that are most likely to have benefits with EMA implementation.