Environmental Management Accounting: Informational and Institutional Developments
Author | : M.D. Bennett |
Publisher | : Springer Science & Business Media |
Total Pages | : 296 |
Release | : 2005-12-30 |
ISBN-10 | : 9780306480225 |
ISBN-13 | : 0306480220 |
Rating | : 4/5 (25 Downloads) |
Book excerpt: Environmental Management Accounting (EMA) is increasingly recognised as a distinguished tool of environmental management. It helps to integrate a company's environmental and business interests, whereby enhancing corporate eco-efficiency in terms of reducing environmental costs or making one's product more competitive. This book gives a comprehensive coverage of the state of the art. It presents a number of EMA frameworks that companies can take as a basis for implementing their own specific EMA structures. Besides discussing environmental accounting issues within conventional management accounting, it gives a detailed picture of materials flow (cost) accounting as an alternative way of looking at the ecology-economy relationships at the corporate level. A fascinating case study shows how a large company (Siemens) applies materials flow accounting and what benefits it entails.