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Environmental Costing: A path to Implementation
Author(s) -
PARKER LEE D.
Publication year - 2000
Publication title -
australian accounting review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.551
H-Index - 36
eISSN - 1835-2561
pISSN - 1035-6908
DOI - 10.1111/j.1835-2561.2000.tb00069.x
Subject(s) - activity based costing , business , environmental full cost accounting , accounting , cost accounting , management accounting , control (management) , environmental resource management , economics , accounting information system , management , accounting management , throughput accounting
Environmental strategies and their related costs have received little formal attention from Australian accountants. Yet, internationally as well as in Australia, green strategies and their related costs are now being recognised by a range of corporations. In this paper, international corporate examples are reviewed. Environmental cost categories and potential classifications and approaches for decision and control purposes are proposed. The paper offers recommendations for the initial development of environmental costing practices at the corporate level and argues for the importance of developing relevant cost management systems that support environmental strategies and management.