Challenges of Environmental Management Accounting – Current Accounting Practices
Challenges of Environmental Management Accounting – Current Accounting Practices

Summary/Abstract: The goal of our paper is to reduce some of the international confusion generated on such an important topic by providing a general framework and set of definitions for Environmental Management Accounting (EMA). Environmental Management Accounting is a relatively new tool in environmental management defined as the identification, collection, estimation, analysis, internal reporting, and use of materials and energy flow information, environmental cost information, and other cost information for both conventional and environmental decision-making within an organization. Due to their special role, accountants, since they are the ones with access to the important monetary data and information systems needed for management accounting activities, must to improve both their ability to verify the quality of such information and the skills to use that information for decision making.

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