Management Accounting Practices Essay

931 WordsAug 9, 20124 Pages
WELCOME TO THE PRESENTATION ENVIRONMENTAL MANAGEMENT ACCOUNTING PRACTICES IN A DEVELOPING COUNTRYAN EMPIRICAL CASESTUDY OF BANGLADESH PRESENTER: Prof. FEROZ I . FARUQUE GENERAL MANAGER INTERNAL AUDIT SABINCO BANGLADESH EMAN-2007 INTERNATIONAL CONFERENCE HELSINKI FINLAND MAY 23-25, 2007 OBJECTIVES OF THE STUDY: TO IDENTIFY CURRENT PRACTICES IN INVIRONMENTAL MANAGEMENT ACCOUNTING. TO IDENTIFY THE SHORTCOMINGS OF THE IMPLEMENTED (IF ANY) ENVIRONMENTAL MANAGEMENT ACCOUNTING TO DEVELOP BENCHMERKING METHODOLOGY FOR COMPARISON OF ENVIRONMENT RELATED COSTS AND ENVIRONMENTAL PERFORMANCES. RECOMMENDATIONS AND TO STIMULATE FIRMS AND INDUSTRY ASSOCIATIONS TO TAKE ACTIONS. TO CREATE AWARNESS AT THE REGULATORY, CIVIL SOCIATAL, NGO AND INDUSTRY LEVELS. ENVIRONMENT PROFILE OF BANGLADESH: IN THE DEVELOPING COUNTRIES EMS/EMA IS NOT PRACTICED SERIOUSLY EITHER FOR POOR AWARENESS OR FOR POOR REGULATORY REGIME OR FOR FINANCIAL CONSTRAINTS OR FOR ALL EMA IS IN THE NASCENT STAGE IN BANGLADESH AND IS ONE OF THE MOST NEGLECTED AREAS EMA STILL NOT ORIENTED EITHER TOWARD EXTERNAL DISCLOSURE OR FINDS ANY EFFECTIVE APPLICATIONS TO INTERNAL MANAGEMENT. THE STUDY CONSIDERED REPRESENTATIVE SAMPLES BOTH FROM MANUFACTURING SECTOR AND SERVICE SECTOR IN GENERAL MANUFACTURING SECTOR IS CONSIDERED TO BE MORE RELEVANT AND RESPONSIBLE FOR EMS AND EMA COMPARED TO SERVICE SECTOR IN BANGLADESH EMA IS EITHER VERY LITTLE KNOWN OR NOT AT ALL KNOWN AT ANY LEVEL IN CLUDING PROFESSIONAL ACCOUNTANCY BODIES EMA IS NOT CONSCIOUSLY OR KNOWINGLY PRACTICED IN ANY OF THE SURVEYED COMPANIES. FINANCIAL SERVICES SECTOR IS NOT ATALL AWARE OF THE EQUATOR PRINCIPLE THE FOLLOWING SETS OF ENVIRONMENTAL ACTS AND RULES ARE THERE IN BANGLADESH NOW ENVIRONMENT ACT 1995 ENVIRONMENT NATIONAL WATER POLICY, FOREST NATIONAL POLICY, LAND POLICY, AGRICULTURE POLICY AND FISHERIES POLICY A NETWORK OF

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