QUESTION SEVEN (ENVIRONMENTAL ACCOUNTING) Mining in Zambia is important economic activities which earns the country foreign exchange. However in the era of high alertness to the environmental consequences of industrial activities, it is imperative that companies in the extractive sector take precaution of the environmental costs emanating from such activities may have a long lasting negative effect on the environment and its inhabitants. The United Nations Sustainable Development Goals (SDGs) enshrine the importance of protecting the environment especially that climate change has become a huge concern. Environmental Accounting is an areas of accounting that seeks to manage such costs using systems and accounting methods that provide information on environmental costs. Required: i. Discuss why environmental accounting is beneficial to business. (7 Marks) ii. Briefly explain these three types of Environmental Costs. (6 Marks) a) Conventional Costs b) Image Costs c) Contingency Costs iii. Discuss three functions of Environmental Management Systems. (12 Marks) (TOTAL 25 Marks]