Environmental management accounting and financial performance case study: Hima Cement Limited
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Date
2014-06
Authors
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Journal ISSN
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Publisher
Kampala International University, College of Economics and Management
Abstract
The study was about environmental management accounting and the perceived financial performance of the cement industry in Uganda.
A comparative study of Hima cement limited (Uganda). The main objectives of the study were;
i) To examine the relationship between environmental information and the perceived financial performance in the cement industry in Uganda.
ii) To examine the impact of compliance of environmental laws on perceived financial performance of in cement industry in Uganda.
iii) To examine the impact of compliance of environmental laws on perceived financial performance of in cement industry in Uganda.
The research design took into account that involved observation and questionnaires that enabled to get both qualitative and quantitative data. The data was used for purposes of drawing valid conclusion
Data collections methods were both primary and secondary sources. 123 were sampled from Hima cement limited (Uganda) and they expressed their views on the importance of enviromnental management accounting in the company.
The findings from the primary data indicated the managers were aware of the importance of application of environmental management accounting and the need for compliance with the environmental laws, tracking of environmental cost saving, environmental evaluation and production of environmental information which are critical in improving the financial performance of the company.
There are efforts to comply with environmental laws, reducing the costs by avoiding wastage and provide a healthy conducive environment to the workers and the society at large.
The research recommended that all the stakeholders should be provided with information about the activities of the company, environmental evaluation be carried out periodically, need to keep pace of the regulatory framework put in place by government and other regulatory bodies, and that it is necessary for businesses, investors and society to conveniently understand and track corporate holistic performance.
Description
A Research Report Submitted to the College of Applied Economics and Management Sciences in Partial Fulfillment of the Requirements for the Award of the Bachelor's Degree of Business Administration of Kampala International University
Keywords
Environmental management accounting, Financial performance, Hima Cement Limited