Sustainability Accounting and Reporting Environmental Management

Question: Discuss about theSustainability Accounting and Reportingfor Environmental Management. Answer: This article discusses about environmental management accounting and discovers that a variety of numerous observations and impressions of the Environmental Management Accounting EMA that has been constructed. It is seen that there have movements recently towards a general understanding of Environmental Management Accounting. The article moves towards the path of a widespread framework for Environmental Management Accounting by undertaking a discussion with respect to the EMAs location within the vaster context of the environmental accounting and then undertaking a comprehensive outline for EMA, which connects the business actors and the tools of EMA (Burritt, Hahn and Schaltegger 2002). The framework tries to limelight the time horizon that is related with various tools of environmental accounting by implementing the difference between the future and the past and among the long and short term focus on the different tools. The articles recommends the most significant EMA tools. The article of Ratnatunga and Balachandran (2009) exhibits that the facts obtained from the strategic cost accounting process will be specifically helpful in the new carbon economy that is specifically useful for analyzing the cost of whole of life with respect to the emission of carbons with regards to the services and the products. This paper publishes with respect to a research study that was undertaken to evaluate the effect of Kyoto protocol on management of cost and cost accounting. The management of the performance of the corporate carbon has been a swift development with respect to a topic due to the increase in the emission of greenhouse gases. It is seen that with respect to the increase in the greenhouse emissions the carbon emission has reduced significantly. The article looks to efficiently decrease the corporate climate transformations that requires decisions with respect to tracing and tracking of the emissions of carbon (Burritt, Schaltegger and Zvezdov 2011). The paper was undertaken in order to recognize the present state of the enhancement of the carbon management accounting. There were specific publications that were evaluated by taking the help of the taxonomic evaluations. The evaluation reveals that the prevailing assistances on carbon management accounting accounting techniques only aids very few decisions and leaves various areas open for further practices and research. Reference List Burritt, RL, Hahn, T and Schaltegger, S 2002, Towards a comprehensive framework for environmental management accounting Links between business actors and Environmental Management Accounting tools, Australian Accounting Review, vol. 12, no. 2, pp. 39-50. Burritt, RL, Schaltegger, S and Zvezdov, D 2011, Carbon management accounting Explaining practice in leading German Companies, Australian Accounting Review, vol. 21, no.1, pp. 80-98. Ratnatunga, J and Balachandran, K 2009, Carbon Business Accounting: The Impact of Global Warming on the Cost and Management Accounting Profession, Journal of Accounting, Auditing and Finance, vol. 24, no. 2, pp. 333-355.