1. bookVolume 7 (2015): Issue 1 (June 2015)
Journal Details
License
Format
Journal
First Published
19 Mar 2012
Publication timeframe
1 time per year
Languages
English
access type Open Access

Theoretical Developments In Environmental Management Accounting And The Role And Importance Of MFCA

Published Online: 06 Jan 2016
Page range: 37 - 52
Journal Details
License
Format
Journal
First Published
19 Mar 2012
Publication timeframe
1 time per year
Languages
English

Environmental Management Accounting (EMA) is a broader concept of accounting which uses accounting tools and practices to support company-internal management decision making on environmental issues and its impact on company performance. Research on EMA can be divided into two broad categories: theoretical and empirical studies. The theoretical studies based on framework that aim to explain the nature of the relationship between economic and environmental performance and the adoption of Environmental Management Accounting in a business environment. The empirical studies follow two lines of research, instrumental studies aim to empirically test the relationships hypothesized in theoretical studies; descriptive studies are intended to examine the factors that encourage the adoption of EMA. This review paper examined the role of MFCA in identifying non-product output (waste) and its impact on an organisations profitability. Various case studies are examined in this article that demonstrates MFCA to an important environmental management tool to ensure future sustainability of an organisation.

Keywords

[1] Abdel-Kader G.M. (2011) - Review of Management Accounting Research. United Kingdom. Palgrave Macmillan (63-65).Search in Google Scholar

[2] Albelda E. (2011) - The role of management accounting practices as facilitators of the environmental management: Evidence from EMAS organisations. Sustainability Accounting, Management and Policy Journal (online), 2(1):76-100. Available: http://www.emeraldinsight.com/journal.htm (accessed 9 June 2014).Search in Google Scholar

[3] Ambe M.C. (2007) - Environmental Management Accounting in South Africa. Status, challenges and implementation framework. D. Tech. Tshwane University of Technology.Search in Google Scholar

[4] Bennett M., Schaltegger S., Zvezdov D. (2013) - Exploring Corporate Practices in Management Accounting for Sustainability (online), 1-56. Available: http://www.icaew.com/academic (accessed 15 March 2014).Search in Google Scholar

[5] De Beer P., Friend F. (2006) Environmental accounting: a management tool for enhancing corporate environmental and economic performance. Ecological Economics, 58 (3): 548-560.Search in Google Scholar

[6] Domil A.E., Peres C., Peres I. (2010) - Capturing environmental costs by using activity based costing method. Economic Science Series (online), 719-721. Available: http://www.ceeol.com (accessed 10 October 2013).Search in Google Scholar

[7] Environmental Strategies (online). (2013). Available: http://www.unido.org/en/what-we-do/environment (accessed 18 March 2014).Search in Google Scholar

[8] Hyrslova’ J., Vagner M., Palasek, J. (2011) - Material Flow Cost Accounting (MFCA)- Tool For The Optimization of Corporate Production Processes. Business, Management and Education 9(1): 5-18.Search in Google Scholar

[9] Japanese Industrial Standards committee (2007) - International standardization committee for Environmental Management Accounting. Preliminary proposal for the International Standardi-zation of Material Flow – Based Environmental Management Accounting for ISO TC 207: 1-3, 10-11.Search in Google Scholar

[10] Jasch C. Schnitzer H. (2002) - Environmental Management Accounting. How to profit from environmental protection. EMA- environmental management accounting pilot testing.Search in Google Scholar

[11] Jasch C.M. (2008) - Environmental and Material Flow Cost Accounting - Principles and Procedures. Eco-Efficiency in Industry and Science, 25. Heidelberg: Springer-Verlag.Search in Google Scholar

[12] Jonall P. (2008) - Environmental Management Accounting (EMA), Management Accounting including Environmental Management: 2.Search in Google Scholar

[13] Khalid F.M., Lord B., Dixon R. (2012) - Environmental management accounting implementation in environmentally sensitive industries in Malaysia. 6th NZ Management Accounting Conference. University of Canterbury, New Zealand.Search in Google Scholar

[14] Ministry of Economy, Trade and Industry of Japan (METI) (2010). Environmental Management Accounting: MFCA Case Examples; METI: Tokyo, Japan.Search in Google Scholar

[15] Olson O., Jonall P. (2008) - Environmental Management Accounting (EMA), Management Accounting including Environmental Management – a literature review.Search in Google Scholar

[16] Scavone G.M. (2006) - Challenges in internal environmental management reporting in Argentina. Journal of Cleaner Production (online), 14:1276-1285. Available: http://www.sciencedirect.com (accessed 23 October 2013).Search in Google Scholar

[17] Schaltegger S., Bennett M., Burritt R.L., Jasch C. (2010) - Eco-efficiency in industry and science. Environmental Management Accounting for Cleaner Production. 5th edition. Springer Science and Business Media. UK.Search in Google Scholar

[18] Schmidt M., Nakajima M. (2013) - Material Flow Cost Accounting as an approach to improve resource efficiency in manufacturing companies. Resources (online), 2:358-369. Available: http://www.mdpi.com/journal/resources (accessed 13 March 2014).Search in Google Scholar

[19] Sygulla, R., Bierer, A., and Goetze, U. (2011). Material Flow Cost Accounting – Proposals for Improving the Evaluation of Monetary Effects of Resource Savings Process Designs. 44th Conference on Manufacturing Systems (online). Wisconsin, USA.Search in Google Scholar

Recommended articles from Trend MD

Plan your remote conference with Sciendo