Publication detail

Environmental Accounting in Capital Budgeting

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"
}