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.
|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
|Accepted Date and Publication Date:||
|Date Deposited:||22 Mar 2007|
|Last Modified:||31 Mar 2016 12:05|
|RDF:||RDF+N-Triples, RDF+N3, RDF+XML, Browse.|
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