Management accounting for sustainable development. Part 1: introduction

Woodward, D. and Birkin, F. (1997) Management accounting for sustainable development. Part 1: introduction. Management Accounting, 75, (6), 24-27.


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Defines sustainable development as a system which meets present needs without damaging the ability of future generations to meet theirs; and differentiates 'stock' (non-renewable) resources, e.g. fossil fuels, from 'flow' (renewable) resources, e.g. fish, forests. Recognizes that businesses dependent on stock resources (e.g. mining) can never be sustainable while those using flow resources may need to limit their use (e.g. by waste reduction) to survive. Points out that traditional accounting fails to value nature and argues that organizations should be accountable for their environmental impact and report their sustainability record. Lists some guidelines on environmental responsibilities, reminds readers that natural resources are 'a loan from our children' and promises further articles on how sustainable business can be achieved.

Item Type: Article
ISSNs: 0025-1682 (print)
Related URLs:
Keywords: environmental impact, natural resources, resource management, sustainable development
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HF Commerce > HF5601 Accounting
Divisions : University Structure - Pre August 2011 > School of Management
ePrint ID: 36689
Accepted Date and Publication Date:
Date Deposited: 22 Mar 2007
Last Modified: 31 Mar 2016 12:05

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