FACTORS AFFECTING THE APPLICATION OF ENVIRONMENTAL COST MANAGEMENT ACCOUNTING IN VIET NAM FEEDSTUFF PRODUCTION ENTERPRISES

Abstract

It is quie difficult to determine the factors affecting the application of environmental cost management accounting (ECMA) in Vietnamese feedstuff production enterprises. Managers want to be provided with sufficient and accurate information on environmental costs to be able to make the right decisions, to avoid damage to the business. From there, the authors build a model of factors affecting ECMA application in Vietnamese feedstuff production enterprises, including: awareness about ECMA of management; Balance between benefits and costs; Technical qualifications of accountants; Pressure from stakeholders. Through the research results, the authors propose a number of solutions to support Vietnamese feedstuff production enterprises to achieve high efficiency in operations, make decisions through the review of the application of ECMA, also consider factors influencing the adoption of ECMA.