MANAGEMENT ACCOUNTING Management Accounting Name of the Student

Running head: MANAGEMENT ACCOUNTING
Management Accounting
Name of the Student
Name of the University
Author’s Note

1MANAGEMENT ACCOUNTING
Executive Summary
This report takes into consideration analysing and evaluating Environmental Management
Accounting (EMA) with the aim to update the EMA reporting policies. This report takes into
consideration analysing the challenges, barriers and opportunities for the future development
of EMA. This report also considers the use and usefulness of EMA in Asia-Pacific region.
This report also focuses on certain firm-specific characteristics that affect the use and
usefulness of EMA.

2MANAGEMENT ACCOUNTING
Table of Contents
Introduction................................................................................................................................3
Challenges and Barriers for the Future Development of EMA..................................................3
Opportunities for the Future Development of EMA..................................................................5
Use and Effectiveness of EMA in the Asia-Pacific Region.......................................................6
Firm Specific Characteristics on the Use and Effectiveness of EMA.......................................7
Conclusion..................................................................................................................................9
References................................................................................................................................10

3MANAGEMENT ACCOUNTING
Introduction
In the recent years, Environmental Management Accounting (EMA) is considered as
an essential part as EMA can be described as the effective management of environmental as
well as economic performance of the firm through developing and implementing proper
environment-related accounting system and practice (Christ and Burritt 2013). Since there
has been major increase in the significance of environmental management and its part to
manage and reduce environmental impacts, the development of an effective EMA system has
started to gain greater attention and interests of the firms as this system can become majorly
helpful for the managements of the firms to attain their organizational goals and objectives
(Gunarathne and Lee 2015). At the same time, the companies are facing certain types of
challenges and barriers at the time to develop and implement the EMA. The main aim of this
report is the analysis and evaluation of various aspects of EMA such as challenges, barriers,
development opportunities, use, usefulness and others.
Challenges and Barriers for the Future Development of EMA
In spite of the presence of many benefits of EMA, business organizations have to face
certain challenges in the form of barriers for the future development of EMA. They are
institutional barriers, management barriers, financial barriers, information barrier and cultural
barrier; these are discussed below.
Institutional Barrier: Most of the companies face this barrier as a prime barrier while for the
development and implementation of EMA. Institutional barrier in EMA is the lack of
institutional pressure, lack of the power of shareholders and the lack of the power of other
key stakeholders. At the same time, the companies also face the pressure from the
government in the development and implementation of EMA. Hence, the managements of the