Are there effective accounting ways to determining accurate accounting tools and methods to reporting emissions reduction?

Almihoub, Ali Ahmed Ali and Mula, Joseph M. and Rahman, Mohammad Mafizur (2013) Are there effective accounting ways to determining accurate accounting tools and methods to reporting emissions reduction? Journal of Sustainable Development, 6 (4). pp. 118-129. ISSN 1913-9063

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Abstract

Over the last century, many studies have used accounting methods and tools in focusing on environmental issues.
This paper introduces readers to developments within the appropriate accounting tools designed to support firms
and sectors reduction energy use as well as reducing greenhouse gases (GHGs) emissions. Current practice of
traditional accounting (to date) has not covered environmental costs. Using Activity Based Costing could help
firms to increase their understanding of sustainability and how to develop way to incorporate opportunity costs
of environmental activities which are becoming significant issues on stakeholders. Moreover, an environmental
management accounting approach can enhance information available on emissions to be more accurate. The net
present value and internal rate of return also are considered the biggest hurdles to enhancing sustainability in
business. This paper concludes that there is considerable potential to use environmental management accounting
approach which is based on actual data to obtain more accurate information.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: Creative Commons License: This work is licensed under a Creative Commons Attribution 3.0 License (http://creativecommons.org/licenses/by/3.0/).
Faculty / Department / School: Historic - Faculty of Business and Law - School of Accounting, Economics and Finance
Date Deposited: 04 Apr 2013 02:07
Last Modified: 11 Jul 2014 03:20
Uncontrolled Keywords: conventional accounting, activity based costing, internalizing and externalities, environmental management accounting, net present value and internal rate of return
Fields of Research : 05 Environmental Sciences > 0502 Environmental Science and Management > 050205 Environmental Management
05 Environmental Sciences > 0502 Environmental Science and Management > 050206 Environmental Monitoring
Socio-Economic Objective: D Environment > 96 Environment > 9603 Climate and Climate Change > 960302 Climate Change Mitigation Strategies
Identification Number or DOI: 10.5539/jsd.v6n4p118
URI: http://eprints.usq.edu.au/id/eprint/23271

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