What is the mean of the phrase below?

1. Capital Budget

2. Capital budgeting is a management accounting tool used by company to plan their capital expenditure project.

3. Environmental effects on business activity

4. Companies are therefore compelled to incorporate environmental cost.

5. The importance of incorporate environmental costs arise from the moral obligation towards environmental sustainability, but also because companies are held financially liable for negative environmental impacts. Therefore, it is important for managers to incorporate environmental costs and liabilities into the management decision-making process.

6.The researchers found that the linkage between management accounting and environmental management helped companies to enhance their decision making process. Most of the companies recognized the superiority of pollution prevention at source over the 'end-of-pipe' solution. they believe the proper integration of environmental information into their normal decision- making process allow them to identify the potential environment costs and take corrective action in early stages. furthers, these companies identified management accounting techniques, such as capital budgeting and operating budgeting, as important tools for environmental manage operation budgeting, as important tools for environmental management.