An interactive session conducted with Cost and Management Accountant (CMA) students underlined their role in managing the adverse affects of climate change.
Professional accountants have a greater role in accounting and helping factories, industry, business and the corporates in reducing Carbon emissions and use of conventional fossil fuels and scarce natural resources, they were told .at the session on ‘Climate Change– Role of Cost & Management Accountants,’ organised at the Visakhapatnam Chapter of Cost Accountants on Sunday.
Cost-effective use of scarce resources could be done through the implementation of Cost and Management Accounting Techniques, students were told. About 60 CMA students participated.
Speakers said that through their audit and accounting practices, cost and management accountants were in a position to help implement the schemes of the government and regulatory bodies in achieving the expected results in respect of climate change.
President of South Asian Federation of Accountants (SAFA) P.V.S. Jaganmohan Rao organised the session.