ATTITUDE OF LEBANESE MANAGERS TOWARDS ISO 14001?ENVIRONMENTAL MANAGEMENT SYSTEM AND ISO 14051 - MATERIAL FLOW COST ACCOUNTING

The purpose of this piece of research is to investigate the attitude of Lebanese managers towards the list of ISO series standards such as ISO 14001 - Environmental Management System and ISO 14051 - Material Flow Cost Accounting. This research attempted to tackle two issues: what should accounting essentially account?’ and to whom is a firm accountable? The low number of ISO 14001 certificates indicate that Lebanon does not have enough financial and environmental performance data to measure and improve the management of the environmental impact of firms. Almost two thirds of the sample agree and strongly agree that “Accounting should play a role in tackling social and environmental issues” and 89.1 % of the sample agree and strongly agree that “Introducing an environmental accounting course in universities should help to eliminate corruption”