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Environmental Management Accounting Case Study. Methodist Ladies College, Perth. Page. 1. Advisers to growing businesses. Executive Summary …

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Advisers to growing businesses
The Institute of Chartered
Accountants in Australia
Environmental Management Accounting
Case Study
Methodist Ladies College, Perth
September 2002Advisers to growing businesses
CONTENTS
EXECUTIVE SUMMARY…………………………………………………………………………………………………………… 1
1. INTRODUCTION………………………………………………………………………………………………………………… 3
1.1 OBJECTIVE OF THE STUDY……………………………………………………………………………………………. 3
2. PHASE ONE ……………………………………………………………………………………………………………………….. 4
2.1 REPORTING……………………………………………………………………………………………………………………. 4
2.2 CAPITAL EXPENDITURE………………………………………………………………………………………………… 4
2.3 ENVIRONMENTAL STANCE…………………………………………………………………………………………… 5
2.4 ACCOUNTING TREATMENT OF ENVIRONMENTAL IMPACTS……………………………………… 5
3. PHASE TWO AND PHASE THREE ………………………………………………………………………………………. 6
3.1. INCOME AND EXPENDITURE TRANSACTIONS …………………………………………………………….. 6
3.1.1 Paper Usage …………………………………………………………………………………………………………… 9
3.1.2 Energy Usage ……………………………………………………………………………………………………….. 12
3.1.3 Water Usage …………………………………………………………………………………………………………. 12
3.1.4 Waste Management………………………………………………………………………………………………… 14
3.1.5 Other…………………………………………………………………………………………………………………… 14
3.2 CAPITAL EXPENDITURE………………………………………………………………………………………………. 16
3.2.1 Air-Conditioning……………………………………………………………………………………………………. 16
3.2.2 Classrooms …………………………………………………………………………………………………………… 18
3.2.3 Swimming Pool……………………………………………………………………………………………………… 19
4. SUMMARY ………………………………………………………………………………………………………………………. 20
5. CONCLUSION ………………………………………………………………………………………………………………….. 21
5.1 LESSONS LEARNED ……………………………………………………………………………………………………… 21
5.1.1 Existing Management Accounting System and Environmental Impacts …………………………. 21
5.1.2 Costs, Opportunities and Changes …………………………………………………………………………………. 21
5.2 SKILLS AND RESOURCES…………………………………………………………………………………………….. 22
5.2.1 Environmental Impact Costs……………………………………………………………………………………. 22
5.2.2 Accounting Treatment of the Costs…………………………………………………………………………… 22
5.2.3 Identify Changes……………………………………………………………………………………………………. 22
5.2.4 Trial the Changes ………………………………………………………………………………………………….. 22
5.4 OPPORTUNITIES FOR CHANGE APPLICABLE TO OTHER BUSINESSES ……………………… 23
6. DISCLAIMER……………………………………………………………………………………………………………………. 23…