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What is Full Cost Accounting mean?
Environmental full-cost accounting (EFCA) is a method of cost accounting that traces direct costs and allocates indirect costs by collecting and presenting information about the possible environmental, social and economical costs and benefits or advantages – in short, about the "triple bottom line" – for each proposed alternative. It is also known as true-cost accounting (TCA), but, as definitions for "true" and "full" are inherently subjective, experts consider both terms problematical.
Since costs and advantages are usually considered in terms of environmental, economic and social impacts, full or true cost efforts are collectively called the "triple bottom line". Many standards now exist in this area including Ecological Footprint, eco-labels, and the United Nations International Council for Local Environmental Initiatives approach to triple bottom line using the ecoBudget metric. The International Organization for Standardization (ISO) has several accredited standards useful in FCA or TCA including for greenhouse gases, the ISO 26000 series for corporate social responsibility coming in 2010, and the ISO 19011 standard for audits including all these.
Because of this evolution of terminology in the public sector use especially, the term full-cost accounting is now more commonly used in management accounting, e.g. infrastructure management and finance. Use of the terms FCA or TCA usually indicate relatively conservative extensions of current management practices, and incremental improvements to GAAP to deal with waste output or resource input.
These have the advantage of avoiding the more contentious questions of social cost.
referenceFull Form | Category |
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Francis Cauffman Architects | Academic & Science |
Floor Control Assembly | Academic & Science |
Fellow of The Institute of Chartered Accountants In England and Wales | Accounts and Finance |
Fellow of The Institute of Chartered Accountants In Ireland | Accounts and Finance |
Kalispell (mt) | Airport Code |
Finnish Cannabis Association | Associations & Organizations |
Financial Conduct Authority | Banking |
Fan Control Adjustment | Business |
Financial Communications Associates | Business |
Financial Corporate Accountant | Business |
Financial Chartered Accountant | Business |
Free Carrier | Business |
Finishing Contractors Association | Business |
Fiat Chrysler Automobiles | Business |
Fellow Chartered Accountants | Business |
Firstbrook Cassie & Anderson | Business |
Full Cost Accounting | Business |
Florida Coastal Airlines | Business |
Fellow Chartered Accountant | Business |
Fellowship Of Christian Atheletes | Community |
Free Clothing Association | Community |
Foundation for Contemporary Arts | Community |
Farmers Conservation Alliance | Community |
Faith Christian Assembly | Community |
Florida Chiropractic Association | Community |
Fraternity Communications Association | Community |
Fishery Conservation Area | Community |
Future Christian Athletes | Community |
Fellowship Christian Athletes | Community |
Fixed Channel Allocation | Computer and Networking |
Fixed Channel Assignment | Computing |
Fully Coded Addressing | Computing |
Fibre Channel Adapter | Computing |
Flip Chip Attach | Computing |
Fibre Channel Association | Computing |
Future of Computing Academy | Computing |
Ferrari Club of America | General |
Ferrovia Centro Atl | General |
Fawcett Collectors of America | General |
Fellowship of Confessing Anglicans | General |
Fellowship of Christion Athletes | General |
Family Counseling Associates | General |
Fuel Control Assembly | General |
Forward Collision Alert | General |
Ford Catalog Advantage | General |
Ford Collectors Association | General |
Fuel Cell Activity | General |
Front Camber Arms | General |
Forward Collision Avoidance | General |
Fiat Chrysler Argentina | General |
Falcon Club of America | General |
Fuel Control Actuator | General |
Ferengi Commerce Authority | General |
First Choice Airlines | General |
Florida Chess Association | General |
Fresno Chess Academy, Fresno, California | General |
Ferengi Commerce Alliance | General |
Fundación Cardiológica Argentina | General |
Faith Commitment and Accountability | General |
Floor Covering Associates | General |
F Corporate America | General |
Fiat Club America | General |
Ford Chinese Association | General |
Fairlane Club of America | General |
Forward Collision Assist | General |
Ferrari Club Australia | General |
Fiat Chrysler Alliance | General |
Federacion Canaria de Automovilismo | General |
Future Cargo Aircraft | General |
Federacio Catalana d'Automobilisme | General |
Future Corrosion Allowance | General |
Fusca Clube Araraquara | General |
Functional Configuration Audits | General |
Free Carrier Absorption | General |
Forward Capacity Allocation | General |
Flow Constrained Area | Governmental |
Family Cash Assistance | Governmental |
Franchise Council of Australia | Governmental |
Fighter Central Area | Governmental |
Fighter Control Area | Governmental |
Farm Credit Administration | Governmental |
Funeral Consumers Alliance | Governmental |
Framework Convention Alliance | Governmental |
Family Caregiver Alliance | Governmental |
False Claims Act | Governmental |
Family Court Adviser | Governmental |
Feed Chain Alliance | Governmental |
Fracture, Complete, Angulated | Medical |
Foreign Claims Act | Military and Defence |
Fellowship of Christian Athletes | Organizations |
Formal Concept Analysis | Physics Related |
Kallispell/ Glacier Park National Park, Montana USA | Regional |
Federal Court of Australia | Regional |
Functional Configuration Audit | Softwares |
Functional Compatibility Analysis | Space Science |
Focus Correction Area | Space Science |
Fluids Control Assembly | Space Science |
Frequency Control Analysis | Space Science |
Fellow Christian Athletes | Sports |
Falls Count Anywhere | Sports |
Glacier Park International Airport | Transport & Travel |
Posted on 25 Oct 2024, this text provides information on Miscellaneous in Business related to Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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