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MFCA extension from a life cycle perspective: Methodical refinements and use case

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  • Zeng, Huixiang
  • Zhou, Zhifang
  • Xiao, Xu

Abstract

Decision-making about sustainable development is closely related to Material Flow Cost Accounting (MFCA) and Life Cycle Analysis (LCA), and it still lacks a mature theoretical method system capable of analyzing the lifecycle extension of MFCA. For this reason, this paper takes the adaptation range of MFCA as its starting point and constructs a method system for analyzing lifecycle-extended MFCA. This system involves an MFCA-LCA integrated flow model and accounting method, and it introduces a case study to describe the accounting of environmental damage value, the cost accounting of MFCA and the implementation steps of a comprehensive assessment of MFCA-LCA. This paper extends and expands MFCA theory, and it also provides guidance to enterprises that implement MFCA.

Suggested Citation

  • Zeng, Huixiang & Zhou, Zhifang & Xiao, Xu, 2021. "MFCA extension from a life cycle perspective: Methodical refinements and use case," Resources Policy, Elsevier, vol. 74(C).
    • Handle: RePEc:eee:jrpoli:v:74:y:2021:i:c:s0301420717304026
    DOI: 10.1016/j.resourpol.2019.101507
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    References listed on IDEAS

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    1. Christ, Katherine L. & Burritt, Roger L., 2016. "ISO 14051: A new era for MFCA implementation and research," Revista de Contabilidad - Spanish Accounting Review, Elsevier, vol. 19(1), pages 1-9.
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    3. Romano, Pietro & Formentini, Marco, 2012. "Designing and implementing open book accounting in buyer–supplier dyads: A framework for supplier selection and motivation," International Journal of Production Economics, Elsevier, vol. 137(1), pages 68-83.
    4. Toms, Steven & Fleischman, Richard K., 2015. "Accounting fundamentals and accounting change: Boulton & Watt and the Springfield Armory," Accounting, Organizations and Society, Elsevier, vol. 41(C), pages 1-20.
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