M00001828
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ISO 14051 1st Edition, September 15, 2011 Environmental management — Material flow cost accounting — General framework
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Availability date: 07/13/2021
Description / Abstract:
This International Standard provides a general framework for
material flow cost accounting (MFCA). Under MFCA, the flows and
stocks of materials within an organization are traced and
quantified in physical units (e.g. mass, volume) and the costs
associated with those material flows are also evaluated. The
resulting information can act as a motivator for organizations and
managers to seek opportunities to simultaneously generate financial
benefits and reduce adverse environmental impacts. MFCA is
applicable to any organization that uses materials and energy,
regardless of their products, services, size, structure, location,
and existing management and accounting systems.
MFCA can be extended to other organizations in the supply chain,
both upstream and downstream, thus helping to develop an integrated
approach to improving material and energy efficiency in the supply
chain. This extension can be beneficial because waste generation in
an organization is often driven by the nature or quality of
materials provided by a supplier, or the specification of the
product requested by a customer.
By definition, management accounting and environmental
management accounting (EMA) focus on providing organizations with
information for internal decision-making. MFCA, one of the major
tools of EMA, also focuses on information for internal
decision-making, and is intended to complement existing
environmental management and management accounting practices.
Although an organization can choose to include external costs in an
MFCA analysis, external costs are outside the scope of this
International Standard.
The MFCA framework presented in this International Standard
includes common terminologies, objective and principles,
fundamental elements, and implementation steps. However, detailed
calculation procedures or information on techniques for improving
material or energy efficiency are outside the scope of this
International Standard.
This International Standard is not intended for the purpose of
third party certification.