$20 Bonus + 25% OFF +
5
%
Cashback
information
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!

Achievement Of Environmental Goals At Visy

tag 391 Downloads4 Pages 952 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT

Introduction

With the increasing awareness among the public conceing the environmental related issues, business organizations are finding it essential to implement certain measures so as to protect the environment from the day to day activities undertaken by them. They have realized that in order to survive in this competitive era, it becomes essential for them to take initiatives that helps them in protecting the environment in a most effective manner. This essay is conceed with analyzing the management accounting system of Visy, the world’s largest privately owned paper, recycling and packaging company in helping the organization to achieve its environmental goal. In assessing the major steps undertaken by the organization in order to achieve its environmental goal, the National Packaging Covenant and Environmental Report for the financial year 2004 will be examined in detail.

Environmental Goal of Visy

Visy has been quite focused with respect to its environmental goal of becoming a more environmentally sustainable packaging manufacturer and also the user in Australia. In order to become an environmentally sustainable packaging manufacturer, Visy has integrated its environmental code of practice for packaging with that of its management systems. It has also been constantly engaged in reducing, recycling and reusing the more used packaging and avoiding disposal. Thus the main goal of Visy towards the environment is to comply with the regulations so that the negative impacts on the environment can be avoided and this could be possible by being committed towards increasing the sustainability of the packaging and recycling industry. In order to achieve its goal, the company has taken various initiatives such as improvement in the recovery rates, light weighting and also the better designing and development of new markets (Environmental Management System (EMS) 2010).

Role of Management accounting in attaining the Environmental Goal

Accountants have a major role to play in helping the organization in attaining its environmental goal in a most effective manner. Management accounting is basically conceed with satisfying the informational needs of the inteal management of the organization. The focus of such management is on the monetary as well as the non monetary information that basically helps in addressing the activities such as formulation of business policies and the most effective use of the available resources. The accounting and the accountant has a major role to play in ensuring the proper management of environmental management system as they have access to both the monetary and the non monetary information of the organization. They also have the skills to make the most appropriate use of such available information for decision making. Accounting in general plays an important role in organization by framing rules and regulations conceing the management of finance to which all the organizations have to comply with. Similarly the accountant and the accounting can help in implementing an Environmental Management Systems (EMS) within the organization by bringing the traditional functions of accounting in the day to day environmental management process. An effective implementation of EMS would result into better management of the issues related to the environment as it helps in incorporating the accounting mechanism that basically deals with the environmental performance evaluation, valuing the impact of the environmental activities undertaken by the organization and helps in monitoring the success achieved with regard to environmental related actions (Wilmshurst and Frost 2001).

Assistance of Management Accounting in attaining Environmental goals at Visy

At Visy, the top management has identified that the good business practice and good environmental outcomes go hand in hand. As such, the management has been highly conceed with the environmental related aspects from the packaging business run by the company. The management accounting is basically conceed with the inteal management of the organization, by having a focus on the physical flow of information such as water, energy, materials and waste and also on the monetary information conceed with the eaings, costs and savings. The management at Visy has issued a series of values to its staff in order to provide guidance on the day to day activities performed by them so as to remain environmentally effective. The management at Visy is also considering the integration of Environmental code of practice for packaging into its management system so as to comply with the rules and procedures as laid down in the code. In order to make the inteal operation effective toward the environment, the management accounting at Visy is designed in a way that provides higher prioritization to the capital allocated to water and energy as these have been considered as a major resource management issue in Australia. Further, in order to achieve the efficiency in the environment related aspects, Visy also conducts Energy Audits so that its water management plans can be developed that results into the efficient use of water and recycling at Visy sites. The management accounting is very effective at Visy as, there has been target set for every division with respect to the usage of Energy and Water as these are considered to be the scarcest resources. Thus the overall management accounting at Visy aims at achieving inteal efficiency within the organization so that it remains environmentally competitive and able to achieve its environmental goal (The Visy Report 2010).

Conclusion

This essay is basically conceed with assessing the effectiveness of the management accounting at Visy in achieving its environmental goal. The accountant and the accounting have a major role to play in making an organization environmentally effective. This has been proved by the various studies as undertaken in the past conceing the role of accounting in the environmental management system. By assessing the management accounting system at Visy, it can be concluded that it is quite effective in enabling the organization to achieve its goal of environmentally effective in packaging and recycling.
OR

Getting academic assistance from MyAssignmenthelp.com is a wise decision. Many students, finding the answer to their queries 'who will Do my essay for cheap' are likely to find our services useful and beneficial. They no longer need to waste their time in typing 'can someone write my essay at cheap price', instead they can hire our cheap essay writers to complete the due papers perfectly within given deadline.

Most Downloaded Sample Of Accounting

ACC30008 Accounting Theory1

Download : 0 | Pages : 8
  • Course Code: ACC30008
  • University: Swinburne University Of Technology
  • Country: Australia

Answers: Introduction The report has empowered the feasibility of accounting theory that has helped in determining the factors that will lead the organization to inherit proper support and intervention for justifying the accounting techniques with appropriate theories and models. In this particular observation, it is adhered that the role of the accounting theory has inherited the assumptions by which the overall formalities are structurally ...

Read More arrow

BCOM101 Business Communication1

Download : 0 | Pages : 5

Answer: Introduction The article titled “Team performance in cross cultural project teams: The moderated mediation role of heterogeneity, consensus, trust and faultlines has been studied by Merce Mach and Yehuda Baruch. Merce Mach is the faculty of business and economics at University of Barcelona, Spain and Yehuda Baruch is the faculty of Southampton Business School, United Kingdom. The main purpose of carrying out this study is analyz...

Read More arrow Tags: Australia Ravenhall Management Business Communication University of New South Wales 

HA2032 Corporate And Financial Accounting3

Download : 0 | Pages : 10

Answer: Part-(i) The question is very important from financial accounting of view as it is one of the fundamental aspect of business on account of its strategic importance in understanding the true and transparent position of the company. Any error of non-reporting can hide material facts and may lead to wrong understanding of the financial position of the company. The said statement is used by multiple user with multiple vested interest incl...

Read More arrow

HA 3011 Advanced Financial Accounting

Download : 0 | Pages : 10

Answer: Introduction From the article of Paul M. Healy and Krishna G. Palepu, it is notable that Enron undertook massive risks while presenting its financial statements that resulted in its downfall. The accounting standards were used by the Enron in a wrong manner that led to the reflection of wrong details. The mark-to-market mechanism was used to fool the public followed by the wrong usage of SPE and then using the stock options in a compl...

Read More arrow

HA2032 Corporate And Financial Accounting1

Download : 0 | Pages : 10

Answers: Introduction: Regulation of financial accounting is a very important aspect because of a variety of reasons. The most important aspect is the use of the financial statement by the outside public and interpreting the financials of the company in its own way, so a proper set of guidelines need to be prescribed for the accounting to be done and a standard and method to be set so that the different users to the financial statement interp...

Read More arrow
Next
watch

Save Time & improve Grade

Just share your requirement and get a customized solution.

question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

1,142,757

Orders

4.9/5

Overall Rating

5,048

Experts

Our Amazing Features

delivery

On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.

work

Plagiarism Free Work

Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.

time

24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat.

subject

Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.

price

Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 5/5

230 Order Completed

97% Response Time

Liya Han

Master Of Science in Geotechnical Engineering (MSc Geotec)

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

265 Order Completed

97% Response Time

Ken Campbell

MSc in Electrical Engineering

Wellington, New Zealand

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

234 Order Completed

100% Response Time

Samantha Ji

PhD in Chemistry with Specialization in Organic

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 4/5

3076 Order Completed

99% Response Time

Emily Wei

Doctor of Philosophy (Ph.D) in Civil Engineering

Singapore, Singapore

Hire Me

FREE Tools

plagiarism

Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.

essay

Essay Typer

Get different kinds of essays typed in minutes with clicks.

edit

GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.

referencing

Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.

calculator

Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability

1

1

1

Your Approx Earning

Live Review

Our Mission Client Satisfaction

I really like your assistance and the way you did my assignment.. Thanks a lot I’ll recommend you to my friends..

flag

User Id: 343009 - 19 Nov 2019

Australia

student rating student rating student rating student rating student rating

You did amazing work thank you so much for your help. It is greatly appreciated, I would highly recommend this expert

flag

User Id: 332633 - 19 Nov 2019

Australia

student rating student rating student rating student rating student rating

They made an excellent work, followed the directions carefully, I will definitely recommend this page to everyone. Thank you!

flag

User Id: 259910 - 19 Nov 2019

Australia

student rating student rating student rating student rating student rating

Excellent work, they follow the directions carefully, I will definitely make another assignment with them! thank you.

flag

User Id: 259910 - 19 Nov 2019

Australia

student rating student rating student rating student rating student rating
Have any Query?