#Two types of environment professional

This information is then used to assess how the businessвЂ™ historic performance has been and, moving forward, how it can be improved in the future.Д®nvironmental management accounting is simply a specialised part of the management accounts that focuses on things such as the cost of energy and water and the disposal of waste and effluent. They break down each of our different business segments (in a larger business) in a high level of detail. Management accounts give us an analysis of the performance of a business and are ideally prepared on a timely basis so that we get up-to-date management information. Before we get into the unavoidable jargon, the easiest way to approach it in the first place is to step back and ask ourselves what management accounting itself is. You will not be alone! There is no single textbook definition for it, although there are many long-winded, jargon ridden ones available. Many of you reading this article still wonвЂ™t be entirely clear on what environmental management accounting actually is. The aim of this article is to give a general introduction on the area of environmental management accounting, followed by a discussion of the first of the two requirements listed above. It focuses on information required for decision making within the organisation, although much of the information it generates could also be used for external reporting.

Environmental management accounting, on the other hand, is a subset of environmental accounting. It focuses on reports required for shareholders and other stakeholders, as well of the provision of management information. Environmental accounting is a broader term that encompasses the provision of environment-related information both externally and internally.

You should note that the Performance Management syllabus examines 'environmental management accountingвЂ™ rather than вЂenvironmental accountingвЂ™.

describe the different methods a business may use to account for its environmental costs.

discuss the issues businesses face in the management of environmental costs.

The two requirements of the Performance Management syllabus are as follows:

#Two types of environment professional

An introduction to professional insightsДЄ member of the Performance Management examining team provides students with an introduction to environmental management accounting.Virtual classroom support for learning partners.Becoming an ACCA Approved Learning Partner.