Can organizations meet their environment and social reporting obligations even in a financial crisis? Towards an effective sustainability management accounting system

Petcharat, Nickie and Mula, Joseph M. (2010) Can organizations meet their environment and social reporting obligations even in a financial crisis? Towards an effective sustainability management accounting system. In: Global Business Conference 2010, 13-16 Oct 2010, Dubrovnik, Croatia.

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Abstract

To achieve sustainable development, organizations need to disclose three areas of performance - economic, social, and environment - to support stakeholders' interests as well as improving internal management decisions. This results in environmental and social cost information that needs to be incorporated in disclosures in the form of a triple bottom line. However, as these costs have been treated as overhead by traditional accounting such activity based costing (ABC) approach, this results in cost information inaccuracies when preparing environmental and social performance disclosures. To overcome some of these deficiencies in current systems, this study develops a conceptual model for a Sustainability Management Accounting System (SMAS) to improve the identification and measurement of environmental and social impact costs. A SMAS also provides companies with a way to improve cost allocation and analysis efficiency thus creating more accurate cost accounting data and meeting their reporting obligations even in hard times. The paper describes preliminary analysis undertaken to date. It would appear that most firms are focusing on reporting externally their social performance more than environmental indicators.


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Item Type: Conference or Workshop Item (Commonwealth Reporting Category E) (Paper)
Refereed: Yes
Item Status: Live Archive
Additional Information: No evidence of copyright status, publication status or refereed status.
Depositing User: Miss Neungruthai (Nickie) Petcharat
Faculty / Department / School: Historic - Faculty of Business - School of Accounting, Economics and Finance
Date Deposited: 17 Feb 2011 09:23
Last Modified: 03 Jul 2013 00:29
Uncontrolled Keywords: activity based costing; ABC; environmental management accounting; EMA; social management accounting; SMA; sustainability management accounting system; SMAS; global financial crisis; GFC; environmental cost; social cost
Fields of Research (FOR2008): 15 Commerce, Management, Tourism and Services > 1501 Accounting, Auditing and Accountability > 150103 Financial Accounting
15 Commerce, Management, Tourism and Services > 1501 Accounting, Auditing and Accountability > 150105 Management Accounting
15 Commerce, Management, Tourism and Services > 1501 Accounting, Auditing and Accountability > 150104 International Accounting
15 Commerce, Management, Tourism and Services > 1501 Accounting, Auditing and Accountability > 150106 Sustainability Accounting and Reporting
Socio-Economic Objective (SEO2008): B Economic Development > 90 Commercial Services and Tourism > 9002 Property, Business Support Services and Trade > 900201 Administration and Business Support Services
URI: http://eprints.usq.edu.au/id/eprint/18309

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