ACC3040 Sustainable Business
Students are required to have access to a personal computer, e-mail capabilities and Internet access to UConnect. Current details of computer requirements can be found at http://www.usq.edu.au/ict/students/standards/default.htm.
This course is based on Environmental Management Accounting (EMA) principles, to facilitate business sustainability. EMA serves as a mechanism to identify and measure the full spectrum of environmental costs relating to business activities and the financial costs and benefits of pollution prevention or cleaner processes, and to integrate these costs and benefits into day-to-day business decision-making. As such EMA has an internal company-level function and focus, rather than being a tool used for reporting and disclosing environmental costs to external stakeholders. It provides a basis upon which managers can make capital investment decisions, costing determinations, process/product design decisions, performance evaluation and many other decisions that direct future business direction. While it is not strictly bound by the AASB standards required for financial accounting and reporting, much of this internal information still needs to support a businesses' financial accounting system as it will flow through to financial reports and disclosures.