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In: Accounting
What is an environmental management system (EMS) and how does this relate to environmental management accounting...
What is an environmental management system (EMS) and how does this relate to environmental management accounting (EMA)?
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Expert Solution
An Environmental Management System is a set of processes and practices that enable an organization to degrade its impacts and increase its operating efficiency on the overall environment.
Environmental Management System helps organizations to design their product, services, and activities in such a way which will lead to improving environmental performance.
Environmental Management Accounting is the identification, collection, analysis, and use of two types of information for internal decision making.
Environmental Management Accounting is the management of environmental and economic performance through the development and implementation of appropriate environment-related accounting systems and practices. The analysis suggests that management accounting practices operate as a facilitator mechanism for the environmental management by commitment to the continual improvement of environmental performance; compliance with the environmental legislation. Environmental Management System can take steps to provide an overview of the research related to Environmental Management Accounting.
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