Environmental full-cost accounting (
EFCA) is a method of
cost accounting that traces
direct costs and allocates
indirect costs by collecting and presenting information about the possible environmental, social and economic
costs and benefits or advantagesin short, about the "
triple bottom line"for each proposed alternative. It is also known as
true-cost accounting (
TCA), but, as definitions for "true" and "full" are inherently subjective, experts consider both terms problematic.