IFAC guidance on environmental accounting
31 Aug 2005
The International Federation of Accountants (IFAC) has issued new guidance on environmental management accounting (EMA).
EMA is broadly defined to be the identification, collection, analysis, and use of two types of
information for internal decision making:
- physical information on the use, flows and destinies of energy, water, and materials (including wastes) and
- monetary information on environment-related costs, earnings, and savings.