Can organizations meet their environment and social reporting obligations even in a financial crisis? Towards an effective sustainability management accounting system
Paper
Paper/Presentation Title | Can organizations meet their environment and social reporting obligations even in a financial crisis? Towards an effective sustainability management accounting system |
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Presentation Type | Paper |
Authors | Petcharat, Nickie (Author) and Mula, Joseph M. (Author) |
Editors | Vlasic, Goran and Pavicic, Goran |
Journal or Proceedings Title | 2010 Global Business Conference Proceedings |
Number of Pages | 18 |
Year | 2010 |
Place of Publication | Zagreb, Croatia |
ISBN | 9789535638506 |
Web Address (URL) of Paper | http://www.gbc-dubrovnik.com/ |
Conference/Event | 2010 Global Business Conference |
Event Details | 2010 Global Business Conference Event Date 13 to end of 16 Oct 2010 Event Location Dubrovnik, Croatia |
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. |
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 |
ANZSRC Field of Research 2020 | 350103. Financial accounting |
350105. Management accounting | |
350104. International accounting | |
350107. Sustainability accounting and reporting | |
Public Notes | No evidence of copyright status, publication status or refereed status. |
Byline Affiliations | School of Accounting, Economics and Finance |
Institution of Origin | University of Southern Queensland |
https://research.usq.edu.au/item/q0799/can-organizations-meet-their-environment-and-social-reporting-obligations-even-in-a-financial-crisis-towards-an-effective-sustainability-management-accounting-system
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