Environmental accounting is being used by institutions and businesses to guide decision making regarding competing projects and programmes. It involves financial appraisal, environmental valuation, and economic appraisal (or social cost-benefit analysis). 

This course explores the economic concepts and techniques that can be used for the valuation of non-market social and environmental services. You will also gain practical experience in extending a financial analysis to allow an economic appraisal.

At a glance

  • Dates
    • Please enquire for course dates
  • Duration5 days
  • LocationCranfield campus
  • Cost£1,400 - Standard (20% discount for Cranfield alumni, 10% discount for colleagues of alumni) £1,340 - Professional/trade association discount £1,280 - Multiple bookings* * Minimum of 5 delegates

What you will learn

On successful completion of this course you will be able to:

  • Explain the purpose and methods of environmental accounting at business, sector and national levels, 
  • Explain the difference between financial and economic valuation and appraisal,
  • Valuation: Critically assess strengths and weaknesses of different environmental valuation methods and techniques,
  • Appraisal: Critically evaluate different financial and economic appraisal metrics such as benefit: cost ratio, net present value, equivalent annual value, internal rate of return, and the choice of discount rate,
  • Undertake a financial and an economic appraisal in a spreadsheet environment.

Core content

  • Environmental accounting at business, sector and national levels,
  • Techniques for non-market valuation of social and environmental services: cost and income based approaches, demand estimation methods - expressed and revealed preference, choice modelling: examples of applications,
  • Principles and practice of financial and economic appraisal,
  • Case study application for an afforestation project in a spreadsheet environment,
  • Cost effectiveness analysis.

Upgrade to a professional qualification

Cranfield credits are available for this short course which you can put towards selected Cranfield degrees. Find out more about short course credit points.


Dr Anil Graves

Accommodation options and prices

This is a non-residential course. If you would like to book accommodation on campus, please contact Mitchell Hall or Cranfield Management Development Centre directly. Further information regarding our accommodation on campus can be found here.

Alternatively you may wish to make your own arrangements at a nearby hotel.

Location and travel

Cranfield University is situated in Bedfordshire close to the border with Buckinghamshire. The University is located almost midway between the towns of Bedford and Milton Keynes and is conveniently situated between junctions 13 and 14 of the M1.

London Luton, Stansted and Heathrow airports are 30, 90 and 90 minutes respectively by car, offering superb connections to and from just about anywhere in the world.

For further location and travel details

Location address

Cranfield University
College Road 
MK43 0AL

Read our Professional development (CPD) booking conditions.