The Role of Management Accountants in Accounting for Sustainable Development
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 12
Abstract
When the Brundtland Commission offered its famous definition of sustainable development -“to meet the needs of the present without compromising the ability of future generations to meet their own needs”, it presented several challenges to policy-makers. One of these is the question: how do we measure progress towards sustainable development? In the wake of the Brundtland Commission’s report, sustainable development has been interpreted as a three dimensional concept which combines economic, social, and ecological perspectives. The foundation for this concept is a set of assets that underpin and support the development process. The aim of the paper is to present a conceptual review of the business case for accountants to engage in accounting for sustainable development. The paper presents a framework for sustainable development and uses argument from literature to identify the role of management accountants in accounting for sustainability. To achieve the basic objective of the paper, a qualitative research methodology was employed. Some of the findings are that, although there is an overwhelming support for a movement towards sustainable development, little empirical evidence exists supporting the roles of management accountants in accounting for sustainability. Also, the availability of literature suggesting adequate management accounting practices is limited and very little has been done to provide the steps that ought to be taken to facilitate decision making of organisations. The paper recommends, among others, that management accountants in organisations should provide alignment mechanisms and collaborate with senior management in providing fully integrated reports reflecting sustainable strategies adopted by organisations which fulfill the needs of stakeholders.
Authors and Affiliations
Alfred Agada
Keywords
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- EP ID EP422297
- DOI 10.9790/487X-2012027074.
- Views 66
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