Management Accounting Techniques That Feature in Environmental Management Accounting Include

question 67

Multiple Choice

Management accounting techniques that feature in environmental management accounting include:

• A) environmental performance measures.
• B) life cycle costing.
• C) environmental variance analysis.
• D) environmental performance measures AND life-cycle costing.

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Definitions:

Perpetual Inventory System

A method that continuously updates inventory records to reflect sales, returns, and additions in real time.

Perpetual Inventory System

An inventory management system where stock levels are updated in real-time following each purchase or sale.

Inventory Account

An account used to record the value of inventory held by a business, including goods ready for sale and those in the process of being produced.

Subsidiary Inventory Ledger

The subsidiary ledger containing individual accounts for items of inventory.