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EMA
EMA
This accounting also helps in identifying the environmental problem and also the
improvement made in the environment. Moreover, EMA helps in identifying the win-win
situation apart from concerning the problems and to the solutions. For the decision-making of
managers, it provides both physical and relevant monetary information for their decision-
making. The provided information by EMA connects to both the long-run and short-run
operations.
In the future as awareness of environmental crisis, the EMA practice should be mainstreamed
in several roles. Mainly it must build attention to direct the function to make environmental
risks, apparent and then next EMA should be integrated in the process of an organization like
planning and controlling.
And also in subsets like operational activities, environmental investment, and capital
budgeting, the EMA practices should focus on creating a strongly linked situation to identify
all the opportunities that emerge from the continuously changing global activities and etc.
EMA practice provides many benefits to the organization like improving sales and reducing
sales erosion, reducing the cost of wasteful inputs resources, reducing the cost of failure like
the environmental cleanup impact, and improving the organization's image to attract better
talent.
EMA Tools and Techniques
The increase in public green awareness is the reason for the consideration of business
organizations about the environmental effects of their activities and also these concerns for
discussing environmental management accounting a means to identify, qualify, analyze was
initially set up by the united nation's divisions for sustainable development.
EMA is a broad set of principles and approaches that provided the material flow to the
success of many environmental management activities. There are some tools such as full cost
accounting. Total cost assessment, cost accounting, material accounting, and also activity-
based costing are associated with EMA.
For the companies which here the object of the goal of saving money, especially
environmental costs, and reducing environmental impacts, EMA focuses on the cost of the
internal of company. And also places a particular concentration on accounting for
environmental costs.