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KOCMANOVÁ, A. KOCMAN, K.
Original Title
Environmental Accounting in Capital Budgeting
Type
conference paper
Language
English
Original Abstract
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.
Keywords
environmental accounting ,capital budgeting, Total Cost Assessment
Authors
KOCMANOVÁ, A.; KOCMAN, K.
RIV year
2003
Released
1. 1. 2003
Publisher
St.John'sUniversity, USA
Location
Budapest,Hungary
ISBN
0-9657171-5-1
Book
Global Business and Technology Association:Implementation of Changes in Values, Strategy and Policy
Pages from
736
Pages to
745
Pages count
10
BibTex
@inproceedings{BUT13592, author="Alena {Kocmanová} and Karel {Kocman}", title="Environmental Accounting in Capital Budgeting", booktitle="Global Business and Technology Association:Implementation of Changes in Values, Strategy and Policy", year="2003", pages="10", publisher="St.John'sUniversity, USA", address="Budapest,Hungary", isbn="0-9657171-5-1" }