Implementation of Environmental Management Accounting for Enhancing the Sustainable Development in Iraqi Oil Refining Companies
Thabit, Thabit H., and Ibraheem, Laith K. (2019). Implementation of Environmental Management Accounting for Enhancing the Sustainable Development in Iraqi Oil Refining Companies, 3rd Scientific Conference of Administration and Economic College, University of Anbar, Anbar, Iraq.
12 Pages Posted: 18 Jun 2019
Date Written: March 7, 2019
Sustainable development is one of the most important contemporary problems faced by governments. So many researchers and scholars work to find effective solutions by using all branches of social and applied sciences.
This research aims to study the impact of implementation the environmental management accounting (EMA) as an accounting tool to enhance the sustainable development in the developing countries.
The importance of research stems from the importance of accounting as a tool to promote social responsibility and to increase the level of environmental awareness of the organizations. So, this study provides some kinds of using EMA in numbers of oil refining factories in Erbil/ Iraq, and examines their role to strengthen the culture of sustainable development by using the qualitative data such as the financial documents, interviews, observations, and questionnaires.
The researchers concluded that there are many positive reasons for applying EMA in organizations to increase the level of sustainable development, there are some barriers that prevent individuals from implementing of EMA, and there are many challenges and opportunities which propose the main issues to test strength, ability, and skill to improve EMA. The researchers recommended to develop the implementation of EMA, increase the restrictions on the Iraqi organizations to supply the government with environmental data records annually beside the annual financial statements, and to reform the methods of EMA in order to be useful to use in the Iraqi environment.
Keywords: Environmental Management Accounting, Sustainable Development, Environment
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