Environmental Accounting at Toyota Term Paper by Nicky

Environmental Accounting at Toyota
A look at the role of environmental accounting in today's corporate environments.
# 149313 | 1,950 words | 6 sources | APA | 2011 | US
Published on Dec 05, 2011 in Business (Accounting) , Business (Companies) , Environmental Studies (General)

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The paper discusses both the need for environmental accounting and how it differs from traditional accounting. The paper focuses on the use of environmental accounting at Toyota Motor Company and shows how Toyota has been able to facilitate an environmental accounting system that has allowed the company to gain a competitive advantage in the automobile industry.

What is Environmental Accounting?
Need for Environmental Accounting and Evolution of Accounting
Global Environmental Accounting Systems
How Companies Use Information Revealed Through Environmental Accounting
Departments that Assist with Environmental Accounting

From the Paper:

"As was previously stated in this discussion the need for environmental accounting has grown substantially in recent years. The presence of this type of accounting has come to the forefront because of several environmental issues that have arisen. One of the main issues is emissions and other types of pollutants and waste that are harmful to the environment. Although these issues have been prominent for some time, over the past decade, scientists have become quite alarmed at the dire condition of the environment. The alarm of scientist has created a major campaign associated with saving the earth.
"Another issue that has arisen is the costs and declining supply of oil. Oil is a natural resource and although there are parts of the world in which it is plentiful, the supply is not infinite. As such certain measures must be taken to ensure that companies are increasing their efforts to participate in restoring the earth. This is the purpose and reason for environmental accounting.
"The need for environmental accounting has evolved from and beyond traditional accounting in several ways. Firstly, environmental accounting involves costs that are highly specialized. This is different from traditional accounting that only takes into considerations traditional costs associated with operating a corporation."

Sample of Sources Used:

  • Gluch P., Baumann H. (2004) The life cycle costing (LCC) approach: a conceptual discussion of its usefulness for environmental decision-making. Building and Environment 39 (5), Pages 571-580
  • "Environmental Accounting". Retrieved July 10, 20009 from; http://www.businessdictionary.com/definition/environmental-accounting.html
  • "Environmental Accounting". Retrieved July 10, 20009 from; http://www.toyota-industries.com/csr/library/pdf2006/63-64.pdf
  • "Environmental Management". Retrieved July 10, 20009 from; http://www.toyota.com/about/enviroreport2008/06_enviro_manage.html
  • "Our environmental Commitment". Retrieved July 10, 20009 from; http://www.toyota.com/about/our_commitment/environment/

Cite this Term Paper:

APA Format

Environmental Accounting at Toyota (2011, December 05) Retrieved August 13, 2022, from https://www.academon.com/term-paper/environmental-accounting-at-toyota-149313/

MLA Format

"Environmental Accounting at Toyota" 05 December 2011. Web. 13 August. 2022. <https://www.academon.com/term-paper/environmental-accounting-at-toyota-149313/>