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

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  • Doorasamy Mishelle

    (Durban University of Technology, Department of Financial Accounting, Durban, South Africa)

Abstract

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.

Suggested Citation

  • Doorasamy Mishelle, 2015. "Theoretical Developments In Environmental Management Accounting And The Role And Importance Of MFCA," Foundations of Management, Sciendo, vol. 7(1), pages 37-52, June.
    • Handle: RePEc:vrs:founma:v:7:y:2015:i:1:p:37-52:n:4
    DOI: 10.1515/fman-2015-0024
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    References listed on IDEAS

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    1. de Beer, Patrick & Friend, Francois, 2006. "Environmental accounting: A management tool for enhancing corporate environmental and economic performance," Ecological Economics, Elsevier, vol. 58(3), pages 548-560, June.
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    Cited by:

    1. Nazrul Islam & Syed Khaled Rahman, 2022. "Corporate Environmental Management Accounting Practicing and Reporting in Bangladesh," Papers 2208.12541, arXiv.org.

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