Material Flow Cost Accounting, as with Carbon Accounting, now recognises the importance of incorporating supply chain issues and provides practical advice on application through ISO 14052 (2017).
Dr Katherine Christ and Professor Roger Burritt consider development of ISO 14052 in their article ‘Extending Environmental Cost Accounting to the Supply Chain’ published by the International Federation of Accountants on their online Global Knowledge Gateway on 9 June 2017.
The authors consider the gains and challenges of applying Material Flow Cost Accounting to supply chains. They have previously examined the development of Material Flow Cost Accounting in:
Christ, K and Burritt R (2015) ‘Material flow cost accounting: a review and agenda for future research’ Journal of Cleaner Production, 108, 1378-1389
and an application in the context of food waste in:
Christ, K and Burritt, R (2017) ‘Material Flow Cost Accounting for Food Waste in The Restaurant Industry’ British Food Journal, 119: 600 – 612.