The economic activity of any company has a major impact on the environment. The conventional accounting model is not able to assess an enterprise's environmental performance and its impact on financial performance to the degree desired by all stakeholders. The main purpose of this paper is to carry out a review of environmental transactions, conditions, and events that affect, or are reasonably likely to affect, the financial position of an enterprise. There are two forces driving company attention in various kinds of environmental performance data that might be considered varieties of accounting. The first is a growing demand from company stakeholders, based on an increased interest in environmental issues. The second reason for environmental accounting is for internal information purposes. Environmental issues should also be reflected in existing financial accounting systems and financial analysis.