Based on the guidelines of the International Federation of Accountants (IFAC, 2005) as cited by Sulaiman and
Mokhtar (2010, p. 18), environmental management accounting identifies, collects, analyses and uses physical
information coupled with monetary information to make decision. Physical information is the information relating
to the usage and flow of water, energy and material including wastage, whilst monetary information from the
environmental management perspective relates to costs, earnings and savings. The deployment of strategic
environmental management accounting would certainly help organizations to overcome the limitations that exist in
conventional accounting system in relation to environmental matters (Setthasakko, 2010).