Hopwood (2009, p.433) notes: As changes occur in our concepts and focus of accountability for environment, the demands for different flows of information, accounting and otherwise, are also likely to grow.

Required:

a) Elaborate the four categories of environmental costs in an environmental cost report, indicating three examples of cost item under each category. (8 marks) b) How does categorizing these environmental related cost under each category assist in managing environmental cost? (6 marks)