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This study investigates the relationship between environmental accounting practices and the value of accounting numbers that are fundamental to financial reporting. We adopted ex post facto research design for our work and concentrated on the oil and gas industries, financial sector, and the manufacturing industries listed in Nigeria Exchange Group. Purposive sampling technique was used to select three sectors (oil and gas industry, manufacturing industries and financial sectors of the economy and simple random sampling techniques was used to select the sampled companies from the selected sectors. We used Taro Yamani formulae to determine our sample size of 90 companies from population of 116 companies, and to ensure randomness in the sample selection, the Bourley’s (1964) population allocation formula was used to determine the individual sample size. We employ secondary data which was obtained from the corporate annual reports downloaded through the websites of the selected listed companies and the Nigeria stock exchange for the period 2013 -2022. The data was analysed using regression statistics. We discovered that environmental accounting practices positively and significantly affected book value of equity. A percentage increase in environmental accounting practices increases the book value of equity by19%. The study recommended that companies should include environmental accounts as part of the conventional financial reporting system that will detail their environmental activities to reduce stakeholders’ agitation and increase their value. Keywords: Environmental accounting, Value of accounting numbers, book value of equity, conservation cost, and compliance cost

Keywords: Environmental accounting, Value of accounting numbers, book value of equity, conservation cost, and compliance cost

Citation: Ayoola-akinjobi, O.O.., & Akintoye, P.R.I. (2024). Environmental Accounting Practices and Value of Accounting Numbers in Corporate Reporting. International Journal of Innovative Research in Accounting and Sustainability, 9(1), 58-67.