The management of environmental and economic performance through the developmentand implementation of appropriate environment related accounting systems and practicesWhilethismayincludereportingandauditinginsomecompanies,environmentalmanagement accounting typically involves life cycle costing, full cost accounting, benefitsassessment,andstrategicplanningforenvironmental management.

Required:

1. DiscussFOUR (4)benefitsofenvironmental managementaccountingtowardstheorganisation.

(16marks)

Businessprocessre-engineering(BPR)isthefundamentalrethinkingandradicaldesignofbusinessprocessestoachievedramaticimprovementincriticalareasofperformancesuchas cost, quality, and delivery. BPR should focus on the processes that are essential toachievingthecompany'sbusinessobjectivesandstrategies(strategicprocesses).

Required:

2.Explainbrieflythesimilarityanddifferencesbetweenbusinessprocessre-engineeringandcontinuousimprovement.

(4marks)