ºÝºÝߣshows by User: ftresca / http://www.slideshare.net/images/logo.gif ºÝºÝߣshows by User: ftresca / Mon, 27 Jan 2014 06:43:59 GMT ºÝºÝߣShare feed for ºÝºÝߣshows by User: ftresca Adoption of the Material Flow Cost Accounting approach to integrate physical and monetary data in small enterprises for waste-reduction decisions. Evidence from Italy - 16th EMAN Conference on MFCA - TU Dresden, March 20-22th 2013 /slideshow/adoption-of-material-flow-cost-accounting-approach-for-waste-reduction-evidence-from-italy-16th-eman-conference-on-mfca-tu-dresden-2022th-march-2013/30484722 emanpresentation20131936-copia-140127064359-phpapp02
Nowadays one of the main issue concerning organization’s activities is their significant impact on natural environment in terms of resource depletion, waste and wastewater generation, air emissions. These environmental burdens are not accounted clearly (or are not accounted at all) in the financial statements of the organizations, because a traditional accounting system does not reveal environmental costs that are then inappropriately hidden in overhead accounts. This leads to inaccurate decision-making based on inaccurate environmental or waste cost information. The success of organizations depends on the quality of their decision-making process through the availability of an integrated data management system that combines separate data management systems of its various divisions. A pilot project based on a Italian small enterprise which is operating in the plastic sector, leader in rubbish bags production, have been carried out. The main aim has been to test the Material Flow Cost Accounting (MFCA) methodology in order to verify and assess the efficiency of the production process. The pilot project began in early 2011 and is intended to have a continuous application over the years. The final aim is to create a new internal database by integrating both economic and physical data, useful for waste decision-making and the optimization of the production process. In the case study, authors have faced several organizational and accounting difficulties in applying the MFCA methodology. Generally, the SMEs have traditional accounting thinking, which accounts only monetary information and a lack of a clear flow chart of the production process in physical unit and/or a lack of independent cost centres emerge. Basing on company financial sheets and on the existing literature, assumptions and estimates have been done. The goal has been to underline the economic value of the physical amounts associated with manufacturing process in order to show the economic value of material losses. In the current economic slowdown, this could allow to reduce these losses and, especially for a small enterprise, to avoid considerable costs, reorganizing and optimizing better the management of the material flow process. The findings highlight that the company has to improve and optimize its manufacturing process primarily for decreasing its material and energy costs. Improving the efficiency of raw material could reduce the related costs and wastes. Results also confirm the powerfulness of the MFCA method in identifying physical and monetary hidden flows for environmentally and economically conscious decision-making.]]>
Nowadays one of the main issue concerning organization’s activities is their significant impact on natural environment in terms of resource depletion, waste and wastewater generation, air emissions. These environmental burdens are not accounted clearly (or are not accounted at all) in the financial statements of the organizations, because a traditional accounting system does not reveal environmental costs that are then inappropriately hidden in overhead accounts. This leads to inaccurate decision-making based on inaccurate environmental or waste cost information. The success of organizations depends on the quality of their decision-making process through the availability of an integrated data management system that combines separate data management systems of its various divisions. A pilot project based on a Italian small enterprise which is operating in the plastic sector, leader in rubbish bags production, have been carried out. The main aim has been to test the Material Flow Cost Accounting (MFCA) methodology in order to verify and assess the efficiency of the production process. The pilot project began in early 2011 and is intended to have a continuous application over the years. The final aim is to create a new internal database by integrating both economic and physical data, useful for waste decision-making and the optimization of the production process. In the case study, authors have faced several organizational and accounting difficulties in applying the MFCA methodology. Generally, the SMEs have traditional accounting thinking, which accounts only monetary information and a lack of a clear flow chart of the production process in physical unit and/or a lack of independent cost centres emerge. Basing on company financial sheets and on the existing literature, assumptions and estimates have been done. The goal has been to underline the economic value of the physical amounts associated with manufacturing process in order to show the economic value of material losses. In the current economic slowdown, this could allow to reduce these losses and, especially for a small enterprise, to avoid considerable costs, reorganizing and optimizing better the management of the material flow process. The findings highlight that the company has to improve and optimize its manufacturing process primarily for decreasing its material and energy costs. Improving the efficiency of raw material could reduce the related costs and wastes. Results also confirm the powerfulness of the MFCA method in identifying physical and monetary hidden flows for environmentally and economically conscious decision-making.]]> Mon, 27 Jan 2014 06:43:59 GMT /slideshow/adoption-of-material-flow-cost-accounting-approach-for-waste-reduction-evidence-from-italy-16th-eman-conference-on-mfca-tu-dresden-2022th-march-2013/30484722 ftresca@slideshare.net(ftresca) Adoption of the Material Flow Cost Accounting approach to integrate physical and monetary data in small enterprises for waste-reduction decisions. Evidence from Italy - 16th EMAN Conference on MFCA - TU Dresden, March 20-22th 2013 ftresca Nowadays one of the main issue concerning organization’s activities is their significant impact on natural environment in terms of resource depletion, waste and wastewater generation, air emissions. These environmental burdens are not accounted clearly (or are not accounted at all) in the financial statements of the organizations, because a traditional accounting system does not reveal environmental costs that are then inappropriately hidden in overhead accounts. This leads to inaccurate decision-making based on inaccurate environmental or waste cost information. The success of organizations depends on the quality of their decision-making process through the availability of an integrated data management system that combines separate data management systems of its various divisions. A pilot project based on a Italian small enterprise which is operating in the plastic sector, leader in rubbish bags production, have been carried out. The main aim has been to test the Material Flow Cost Accounting (MFCA) methodology in order to verify and assess the efficiency of the production process. The pilot project began in early 2011 and is intended to have a continuous application over the years. The final aim is to create a new internal database by integrating both economic and physical data, useful for waste decision-making and the optimization of the production process. In the case study, authors have faced several organizational and accounting difficulties in applying the MFCA methodology. Generally, the SMEs have traditional accounting thinking, which accounts only monetary information and a lack of a clear flow chart of the production process in physical unit and/or a lack of independent cost centres emerge. Basing on company financial sheets and on the existing literature, assumptions and estimates have been done. The goal has been to underline the economic value of the physical amounts associated with manufacturing process in order to show the economic value of material losses. In the current economic slowdown, this could allow to reduce these losses and, especially for a small enterprise, to avoid considerable costs, reorganizing and optimizing better the management of the material flow process. The findings highlight that the company has to improve and optimize its manufacturing process primarily for decreasing its material and energy costs. Improving the efficiency of raw material could reduce the related costs and wastes. Results also confirm the powerfulness of the MFCA method in identifying physical and monetary hidden flows for environmentally and economically conscious decision-making. <img style="border:1px solid #C3E6D8;float:right;" alt="" src="https://cdn.slidesharecdn.com/ss_thumbnails/emanpresentation20131936-copia-140127064359-phpapp02-thumbnail.jpg?width=120&amp;height=120&amp;fit=bounds" /><br> Nowadays one of the main issue concerning organization’s activities is their significant impact on natural environment in terms of resource depletion, waste and wastewater generation, air emissions. These environmental burdens are not accounted clearly (or are not accounted at all) in the financial statements of the organizations, because a traditional accounting system does not reveal environmental costs that are then inappropriately hidden in overhead accounts. This leads to inaccurate decision-making based on inaccurate environmental or waste cost information. The success of organizations depends on the quality of their decision-making process through the availability of an integrated data management system that combines separate data management systems of its various divisions. A pilot project based on a Italian small enterprise which is operating in the plastic sector, leader in rubbish bags production, have been carried out. The main aim has been to test the Material Flow Cost Accounting (MFCA) methodology in order to verify and assess the efficiency of the production process. The pilot project began in early 2011 and is intended to have a continuous application over the years. The final aim is to create a new internal database by integrating both economic and physical data, useful for waste decision-making and the optimization of the production process. In the case study, authors have faced several organizational and accounting difficulties in applying the MFCA methodology. Generally, the SMEs have traditional accounting thinking, which accounts only monetary information and a lack of a clear flow chart of the production process in physical unit and/or a lack of independent cost centres emerge. Basing on company financial sheets and on the existing literature, assumptions and estimates have been done. The goal has been to underline the economic value of the physical amounts associated with manufacturing process in order to show the economic value of material losses. In the current economic slowdown, this could allow to reduce these losses and, especially for a small enterprise, to avoid considerable costs, reorganizing and optimizing better the management of the material flow process. The findings highlight that the company has to improve and optimize its manufacturing process primarily for decreasing its material and energy costs. Improving the efficiency of raw material could reduce the related costs and wastes. Results also confirm the powerfulness of the MFCA method in identifying physical and monetary hidden flows for environmentally and economically conscious decision-making.
Adoption of the Material Flow Cost Accounting approach to integrate physical and monetary data in small enterprises for waste-reduction decisions. Evidence from Italy - 16th EMAN Conference on MFCA - TU Dresden, March 20-22th 2013 from Filippo Tresca
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