Application of Material Flow Cost Accounting to Waste Reduction and Management

Authors

  • Hanifah Permata Hati Universitas Islam Negeri Sultan Syarif Kasim Riau
  • Andi Irfan Universitas Islam Negeri Sultan Syarif Kasim Riau
  • Indah Sari Dewi Universitas Islam Negeri Sultan Syarif Kasim Riau
  • Nursaidah Lubis Universitas Islam Negeri Sultan Syarif Kasim Riau

Keywords:

material flow cost accounting, waste management, environmental accounting, sustainability, circular economy

Abstract

This article discusses the application of Material Flow Cost Accounting (MFCA) in industrial waste reduction and management. With increasing industrialization and environmental awareness, hazardous waste generation poses a significant challenge to ecosystems and human health. MFCA, based on ISO 14051, provides comprehensive information on material usage and efficiency that can help companies reduce costs and environmental impacts. In addition, Environmental Management Accounting (EMA) plays a role in collecting data on waste management costs, allowing companies to monitor emissions and comply with regulations. The research method used is a literature review, focusing on the analysis and synthesis of relevant literature. The findings show that the application of MFCA and digital technology in environmental accounting can improve transparency, efficiency, and sustainability in waste management. In the context of a circular economy, accounting serves as a vital tool in driving more sustainable management strategies, as well as supporting environmental impact reduction.

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Published

2024-11-06

How to Cite

Hati, H. P., Irfan, A., Dewi , I. S., & Lubis, N. (2024). Application of Material Flow Cost Accounting to Waste Reduction and Management. Proceeding International Conference on Economic and Social Sciences, 2, 234–256. Retrieved from https://icess.uin-suska.ac.id/index.php/1/article/view/115

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Vol. 2 (2024): ICESS

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Copyright (c) 2024 Hanifah Permata Hati, Andi Irfan, Indah Sari Dewi , Nursaidah Lubis

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