GREEN ACCOUNTING: BUSINESS STRATEGY TECHNIQUES: A COMPARATIVE STUDY OF JUST IN TIME AND ECONOMIC ORDER QUANTITY APPROACH
Journal: Academic Research International (Vol.7, No. 1)Publication Date: 2016--01-1
Authors : Mahsina;
Page : 271-280
Keywords : Green Accounting; Just in Time; Inventory; Economic Order Quantity; environmental accounting;
Abstract
The disclosure of green accounting regarding environmental Co bnservation activities of companies and other organizations, including public interest organizations and local public entities, provides a means for stakeholders to understand, evaluate, and give their support to such efforts. Green accounting continues to take root as part of the social system. Bell and Lehman (1999) also describe that “ Green accounting is one of the contemporary concepts in accounting that support the green movement in the company or organization by recognizing, quantifying, measuring and dis-closing the contribution of the environment to the business process”. a philosophy of manufacturing based on planned elimination of all waste and continuous improvement of productivity. JIT inventory systems expose hidden cost of keeping inventory, and are therefore not a simple solution for a company to adopt it. In short, the Just-in-Time inventory system focuses in having “the right material, at the right time, at the right place, and in the exact amount”, without the safety net of inventory. The JIT system has broad implications for implementers. A comparative study of Just In Time and Economic Order Quantity approach has give a solutions for a company to implement the green accounting concept in a proper way. The indications that the implementation of JIT method could increase the efficiency of the material inventory cost compare with the implementation of EOQ. The concept of Just In Time method (JIT) has give approximately to 20 % efficiency compare to the use of EOQ. It is suitable with the parameters concept of green accounting.
Other Latest Articles
- EVALUATION OF SPATIAL GROWTH DYNAMICS IN THE PERI-URBAN RESIDENTIAL NEIGHBOURHOODS IN MINNA, NIGERIA
- DEMOCRACY AND AUTONOMY TRANSFORMATION IN THE GOVERNANCE OF MENGWI VILLAGE, PROVINCE BALI INDONESIA IN THE TRANSITION ERA
- PREVALENCE AND COMPARISON OF PSYCHOLOGICAL PROBLEMS AMONG HOSTELITES AND DAY SCHOLARS OF UNIVERSITY
- DIGITAL REFERENCE SERVICES (DRS) AMONG THE PUBLIC & PRIVATE SECTOR UNIVERSITIES LIBRARIES IN KARACHI: A COMPARATIVE STUDY
- THE TAXATION IN ISLAMIC LAW PERSPECTIVE
Last modified: 2016-04-08 03:09:20