Application of material flow cost accounting (MFCA) method to reduce material losses

Authors

I. I. Valiullin
Institute of Management, Economics and Finance, Kazan Federal University, Russian Federation
I. A. Ivanovskiy
Institute of Management, Economics and Finance, Kazan Federal University, Russian Federation

Abstract

MFCA method has to accurately tracking physical and monetary quantities of waste and increases transparency of environmental costs, as well as provides an opportunity to managers for identify fields of cost savings. The article describes general aspects of MFCA and comparatives the ways of assessment of the cost of waste in MFCA accounting and standard cost accounting. Also, for enhance the usefulness of the information, which has generated within MFCA, it is proposed the application of this method in the chain of product delivery to the customer.

Keywords

material flow cost accounting, MFCA, environmental management, environmental performance, material flows, eliminated waste

Authors Info

I. I. Valiullin

Master degree student of Chair of Financial Accounting at Institute of Management, Economics and Finance, Kazan Federal University

Email: ilnur011@gmail.com

I. A. Ivanovskiy

Senior Lecturer of Chair "Crisis Management and Valuation Activities" at Institute of Management, Economics and Finance, Kazan Federal University

Email: ivanovski@list.ru

References

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Article Details

Issue

2017 · No. 3 (47)

Section

Corporate Management

Publication History

Published 2017-10-05

How to Cite

[1]
Valiullin I.I., Ivanovskiy I.A. Application of material flow cost accounting (MFCA) method to reduce material losses // Economics: Theory and Practice. 2017. No 3 (47). С. 111–115. URL: https://etip.kubsu.ru/article/view/380

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Copyright (c) 2017 I. I. Valiullin, I. A. Ivanovskiy

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This work is licensed under a Creative Commons Attribution 4.0 International License.