Publication detail

Strategic Environmental Management Accounting and the Environmental Systems of Management in Czech Companies

KOCMANOVÁ, A.

Original Title

Strategic Environmental Management Accounting and the Environmental Systems of Management in Czech Companies

English Title

STRATEGIC ENVIRONMENTAL MANAGEMENT ACCOUNTING AND THE ENVIRONMENTAL SYSTEMS OF MANAGEMENT IN CZECH COMPANIES

Type

conference paper

Language

Czech

Original Abstract

Capital budgeting involves a process of development of the companys planned environmental investments. When making decisions regarding environmental investments, managers face increasing problems. On the one hand, these include legal requirements, introduction of voluntary tools (environmental systems of management, the National programme of cleaner production, etc.), which make environmental protection more demanding and expensive, and, on the other, information on costs to meet those demands is not available in time, and it is not accurate. Most companies find it difficult to quantify cost savings in their systems of environmental management. In any assessment of potential capital investments, environmental costs, cost savings and the benefits associated with those investments should be taken into account and compared with other investment opportunities. An integration of environmental accounting to capital budgeting quantifies and allocates environmental costs and benefits. To assess environmental costs include them to capital budgeting, Total Cost Assessment can be used.

English abstract

Capital budgeting involves a process of development of the companys planned environmental investments. When making decisions regarding environmental investments, managers face increasing problems. On the one hand, these include legal requirements, introduction of voluntary tools (environmental systems of management, the National programme of cleaner production, etc.), which make environmental protection more demanding and expensive, and, on the other, information on costs to meet those demands is not available in time, and it is not accurate. Most companies find it difficult to quantify cost savings in their systems of environmental management. In any assessment of potential capital investments, environmental costs, cost savings and the benefits associated with those investments should be taken into account and compared with other investment opportunities. An integration of environmental accounting to capital budgeting quantifies and allocates environmental costs and benefits. To assess environmental costs include them to capital budgeting, Total Cost Assessment can be used.

Key words in English

capital budgeting, environmental investments, environmental costs, environmental management, Total

Authors

KOCMANOVÁ, A.

RIV year

2003

Released

1. 1. 2003

Publisher

VŠB - Technical University of Ostrava, Faculty of Economics

Location

Ostrava

ISBN

80-248-0405-0

Book

Strategic management and its support by information systems

Pages from

103

Pages to

112

Pages count

10

BibTex

@inproceedings{BUT13582,
  author="Alena {Kocmanová}",
  title="Strategic Environmental Management Accounting and the Environmental Systems of Management in Czech Companies",
  booktitle="Strategic management and its support by information systems",
  year="2003",
  pages="10",
  publisher="VŠB - Technical University of Ostrava, Faculty of Economics",
  address="Ostrava",
  isbn="80-248-0405-0"
}