Template:EMA Aug-07

From Lauraibm

Full article: Environmental Accounting

Environmental Management Accounting (EMA) focuses on costs internal to the company; EMA does not include external costs to individuals, society, or the environment for which a company is not legally held responsible. An organization's decision-makers can use the physical flow information and cost information provided by EMA to make decisions that impact both the environmental and financial performance of the organization. EMA is a broad set of principles and approaches that provides the materials/energy flow and cost data critical to the success of many other environmental management activities. The need for EMA was conceived in recognition of some of the limitations of conventional management accounting approaches for management activities and decisions involving significant environmental costs.