Book Review Environmental and Material Flow Cost Accounting

Abstract

Recognizing the increasing importanceof environmental issues and thedifficulty of managing these issues, theInternational Federation of Accountants(IFAC) in 2005 issued a guidance onenvironmental management accounting(EMA). The document, commissionedby IFAC and supported by the Divisionfor Sustainable Development of theUnited Nations Department of Economicand Social Affairs (DSD/UNDESA),was written by Deborah Savage of theEnvironmental Management AccountingResearch and Information Center andChristine Jasch of the Austrian Institutefor Environmental Management &Economics.In 2008, ISO, the International StandardizationOrganisation, took up theissues and decided to develop a guidelineon material flow costs accounting,ISO 14051, within its standard series onenvironmental management. ISO 14051is currently available as draft internationalstandard and will be released in2010.Since the publication of the UNDSDWorkbook on Environmental ManagementAccounting in 2001, several companiesall over the world have implemented“Environmental and MaterialFlow Cost Accounting†(EMA andMFCA). The recent book at SpringerPublishers on “Environmental and MaterialFlow Costs Accounting†explainsand updates the approach developed byChristine Jasch for the United NationsDepartment of Economic and Social Affairs(DSD/UNDESA) and the InternationalFederation of Accountants (IFAC)and in addition includes experiences ofseveral case studies and recent developmentsregarding EMA and MFCA innational statistics and ISO standardization.

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