Proceedings of the Volgograd State University International Scientific Conference "Competitive, Sustainable and Safe Development of the Regional Economy" (CSSDRE 2019)

The use of material flow cost accounting for process losses reduction

Authors
Anna Ivanovskaya, Lydia Kulikova, Elena Vetoshkina, Olga Bezvidnaya, Ilnur Valiullin
Corresponding Author
Anna Ivanovskaya
Available Online June 2019.
DOI
https://doi.org/10.2991/cssdre-19.2019.3How to use a DOI?
Keywords
MFCA, material flow cost accounting, environmental management, environmental performance, material flows, eliminated waste )
Abstract
Material Flow Cost Accounting allows you to accurately monitor the physical and monetary value of waste, which increases the visibility of environmental costs and gives managers possibility to identify areas of cost savings. The article discusses the general aspects of Material Flow Cost Accounting and a comparative analysis of methods for the evaluation of the cost of irrecoverable waste in Material Flow Cost Accounting and traditional cost accounting. In order to increase the usefulness of the information generated within Material Flow Cost Accounting, it is proposed to use this method in the whole chain of product delivery to the final customer. Material Flow Cost Accounting (MFCA) is a powerful tool for environmental management that can be applied to any organization, regardless of industry. Material Flow Cost Accounting helps companies to increase the transparency of information on technological losses, thus to reduce the level of environmental pollution and increase the efficiency of business running.
Open Access
This is an open access article distributed under the CC BY-NC license.

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Cite this article

TY  - CONF
AU  - Anna Ivanovskaya
AU  - Lydia Kulikova
AU  - Elena Vetoshkina
AU  - Olga Bezvidnaya
AU  - Ilnur Valiullin
PY  - 2019/06
DA  - 2019/06
TI  - The use of material flow cost accounting  for process losses reduction
BT  - Volgograd State University International Scientific Conference "Competitive, Sustainable and Safe Development of the Regional Economy" (CSSDRE 2019)
PB  - Atlantis Press
SP  - 12
EP  - 15
SN  - 2352-5428
UR  - https://doi.org/10.2991/cssdre-19.2019.3
DO  - https://doi.org/10.2991/cssdre-19.2019.3
ID  - Ivanovskaya2019/06
ER  -