The Application of Material Flow Cost Accounting in Waste Reduction

Huang, Shaio Yan; Chiu, An An; Chao, Po Chi; Wang, Ni

doi:10.3390/su11051270

Cited by 14 publications

(9 citation statements)

References 25 publications

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“…In response to environmental problems, industries in developing countries have made their efforts in adopting various approaches to resource efficiency improvement and waste reduction. A promising tool in this regard is MFCA, as it supports organizations in achieving both economic and environmental performance by analyzing physical material and energy flows as well as related costs [13][14][15].…”

Section: Introductionmentioning

confidence: 99%

Material Flow Cost Accounting in Developing Countries: A Systematic Review

Tran

Herzig

2020

Sustainability

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This study aims to provide a better understanding of material flow cost accounting (MFCA) application in developing countries, which are characterized by rapid structure transformation leading to serious environmental problems. By systematically reviewing the existing literature, our analysis of 28 studies from nine developing countries (China, Indonesia, Iran, Malaysia, South Africa, Sri Lanka, Thailand, the Philippines, and Vietnam) shows that MFCA research has primarily focused on Asian developing countries. Moreover, while the use of MFCA is often associated with improving eco-efficiency, the reviewed studies also indicate a high relevance for strategic decision-making processes within organizations. Finally, one of the key challenges in MFCA application reported in developing country studies lies in existing accounting systems with limited data availability and insufficient cost allocation. Based on our findings and gaps identified in the MFCA literature, we suggest paths for further research, including the necessity of quantitative research and comparative analysis of MFCA application across countries, the further investigation of MFCA application in small and medium-sized enterprises as well as in various manufacturing and service sectors in developing countries.

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Section: Introductionmentioning

confidence: 99%

Material Flow Cost Accounting in Developing Countries: A Systematic Review

Tran

Herzig

2020

Sustainability

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“…Analytical tools are becoming important to support the management decision-making process: SWOT analysis, STEP analysis, PIMS analysis, etc. [17], [19].…”

Section: Subsystem Of Crisis Management Of the Company Resultsmentioning

confidence: 99%

Crisis Management: Innovative Financial and Accounting Technologies

Єршова¹,

Портна²,

Tretyak³

et al. 2021

TEM Journal

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Under crisis conditions, the behavioural model for business entities is determined by the effectiveness of crisis management which requires the use of innovative financial and accounting technologies, as well as changes that occur within the overall management system of the company. In the course of the current research the mechanism of crisis management of business activity and its elements is proposed and the system of procedural support for the crisis management process is determined. The compliance of accounting and financial instruments and technologies with the functions of crisis management of the company is presented. The paper analyses the importance of organizational changes in the process of crisis management. This allows optimizing the processes of information support for the decision-making process and improving the quality of crisis management of a company.

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“…This is evidenced by 24% of the articles being dedicated to core elements, objectives, and green design, and the pursuit of manufacturing process improvement to achieve environmental protection and energy efficiency. Studies have shown that after obtaining information, it should be administered to plant personnel for hotspot improvements [19]. Same as the analysis of this study.…”

Section: (4) Other Requirementsmentioning

confidence: 99%

Relationship between Green Design and Material Flow Cost Accounting in the Context of Effective Resource Utilization

Huang

2019

Sustainability

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The consumption of fossil fuels has been gradually exhausting resources and deteriorating the environment on a global scale. There are two ways to resolve these problems: The application of green energy and new materials; and the development of energy efficiency techniques such as green design and material flow cost accounting. Material flow cost accounting does not create new sources of energy, but its implementation can encourage the effective use of resources or reduce the consumption of resources, and hence reduce the impact on the environment. The International Organization for Standardization has enacted material flow cost accounting as an international standard, and this will have a profound impact on multinational firms. This paper examines material flow cost accounting in the context of grounded theory, and conducts a case study on the companies which have implemented material flow cost accounting. The purpose of this research is to identify the relationship between material flow cost accounting and green design, and to provide a reference for the production design of the enterprise. After analysis, material flow cost accounting can generate detailed waste data, and provide a green design reference in actual energy conservation. These two outcomes complement each other, and will support achievement of the goal of mutual financial and environmental protection.

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The Application of Material Flow Cost Accounting in Waste Reduction

Cited by 14 publications

References 25 publications

Material Flow Cost Accounting in Developing Countries: A Systematic Review

Material Flow Cost Accounting in Developing Countries: A Systematic Review

Crisis Management: Innovative Financial and Accounting Technologies

Relationship between Green Design and Material Flow Cost Accounting in the Context of Effective Resource Utilization

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