Study On Corporate Carbon Cost Accounting And Management

With the demand of low carbon economy is increasing, enterprises as the maincarbon-based energy user and greenhouse gas emitters, whose carbon emissions will beincreasingly limited by the laws and regulations, which will put forward new requirements oftraditional cost accounting and management. Therefore, this paper attempts to combineaccounting, environmental economics and management science knowledge, to establish thetheoretical framework of cost accounting and management of corporate carbon emissions.The article first distinguishes between carbon cost and its associated definitions. Accordingto the spatial extent of the cost, motivation and monetary characteristics, define the concept ofcarbon cost and cost accounting object. From the perspective of accounting theory building, thearticle further analysis of the recognition principle, process and classification of the carbon cost.Then the paper researched on the physical quantity and the magnitude of value measurement ofthe carbon costs in order to build the cost accounting system of carbon emissions. In the level ofmaterial flow, it tried to put forward a unified carbon footprint accounting steps. In the valuestream level, it put forward the environmental costs of imputation method, full life-cycle costingand activity-based costing on the cost of corporate carbon emissions.Finally, in order to maximize economic and environmental benefits, the paper established alow-carbon cost management model, including: low-carbon business decision-making withcost-benefit analysis; design corporate carbon emissions reduction programs with workflowmanagement; combination of the balanced scorecard card to design low-carbon performanceappraisal system; full disclosure of the carbon cost, so that the stakeholders could keep abreast ofthe efforts of the development of low-carbon economy which the enterprises have done.