Environmental accounting – accounting for the environment - has been of major concern in the last twenty years and is one of the major growth areas within accounting.

The objective of the paper is to review the environmental accounting literature to present a conceptual framework of environmental accounting and to analyse actual trends regarding environmental accounting and reporting. The study is based on the existing literature in the field of environmental accounting.Also I’ve offer analyse of the evolution of environmental accounting research in theory and in practice for the last thirty eight years and comment on trends which appear evident from a study of the literature.