{"id":17840,"date":"2019-05-31T14:05:03","date_gmt":"2019-05-31T14:05:03","guid":{"rendered":"https:\/\/www.process.st\/templates\/environmental-accounting-internal-audit\/"},"modified":"2024-02-28T23:00:50","modified_gmt":"2024-02-28T23:00:50","slug":"environmental-accounting-internal-audit","status":"publish","type":"post","link":"https:\/\/www.process.st\/templates\/environmental-accounting-internal-audit\/","title":{"rendered":"Environmental Accounting Internal Audit"},"content":{"rendered":"<section id=\"introduction\">\n<h2>Introduction:<\/h2>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/v7Ju4wklrIx6oEKW1cdLnA.png\" alt=\"Process Street - Environmental Accounting\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/v7Ju4wklrIx6oEKW1cdLnA.png\"> <\/a><figcaption>\n     Process Street - Environmental Accounting<br \/>\n   <\/figcaption><\/figure>\n<\/p><\/div>\n<div class=\"text-content\">\n<p class=\"style-blockquote\">''Economic growth and environmental protection are not at odds. They're opposite sides of the same coin if you're looking at longer-term prosperity.'' - <a href=\"https:\/\/www.azquotes.com\/quote\/227142\" rel=\"nofollow noopener\" target=\"_blank\">Henry Paulson<\/a><\/p>\n<\/p><\/div>\n<div class=\"text-content\">\n<p><a href=\"https:\/\/www.process.st\/?source=adwords-search-1&amp;gclid=EAIaIQobChMIn8eK29CO4gIVQcAYCh0oXARAEAAYAiAAEgKPKfD_BwE\" rel=\"nofollow\">Process Steet<\/a>\u2019s Environmental Accounting Internal Audit provides an easy-to-understand guide bringing forth an efficient and specialized performance analysis for a given small business. To reiterate, this performance analysis is \u2018specialized\u2019 as it abides by the practice of environmental management accounting.<\/p>\n<p>This means&nbsp;<a href=\"https:\/\/www.process.st\/?source=adwords-search-1&amp;gclid=EAIaIQobChMIn8eK29CO4gIVQcAYCh0oXARAEAAYAiAAEgKPKfD_BwE\" rel=\"nofollow\">Process Steet<\/a>\u2019s Environmental Accounting Internal Audit solely considers environmental costs, such as the cost of energy, water, materials, waste and effluent disposal, in addition to indirect costs, such as environmental impacts on public image.<\/p>\n<p><strong>The Environmental Accounting Internal Audit aim is to identify costs, potential savings, to set targets and to monitor performance for a given small business specifically with an environmental focus.<\/strong><\/p>\n<p><a href=\"https:\/\/www.process.st\/?source=adwords-search-1&amp;gclid=EAIaIQobChMIn8eK29CO4gIVQcAYCh0oXARAEAAYAiAAEgKPKfD_BwE\" rel=\"nofollow\">Process Steet<\/a>\u2019s Environmental Accounting Internal Audit has condensed the environmental accounting as a procedure into the following tasks:<\/p>\n<ul>\n<li>Identify Environmental Costs&nbsp;<\/li>\n<li>Reduce Environmental Costs&nbsp;<\/li>\n<li>Produce An Action Plan&nbsp;<\/li>\n<li>Communicate Action Plan&nbsp;<\/li>\n<li>Assessment Of Targets<\/li>\n<li>Assess Benefits&nbsp;&nbsp;<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.cpajournal.com\/2018\/08\/08\/changing-times-and-challenges-to-the-cpa-profession\/\" rel=\"nofollow\">Accounting as a practice was developed in the eighteenth century<\/a>. The accounting profession has kept pace with the changing times, adapting to technological advances and advances in its study. Present-day accounting is <a href=\"https:\/\/www.cpajournal.com\/2018\/08\/08\/changing-times-and-challenges-to-the-cpa-profession\/\" rel=\"nofollow\">more efficient and more precise<\/a>, relative to its eighteenth-century version.&nbsp; &nbsp;&nbsp;<\/p>\n<p>But today we face another change. <strong>Climate change and the loss of natural habitats and resources<\/strong> present a<strong> <a href=\"https:\/\/www.cimaglobal.com\/Documents\/Thought_leadership_docs\/cid_accounting_for_climate_change_feb10.pdf\" rel=\"nofollow\">major risk to the global economy<\/a><\/strong>. For example, <a href=\"https:\/\/www.ncdc.noaa.gov\/billions\/\" rel=\"nofollow noopener\" target=\"_blank\">since 1980, extreme weather events have cost the U.S. $16 trillion<\/a>.<\/p>\n<p>As these changes to our natural world become increasingly acknowledged, actions to ameliorate this potential global crisis are far-reaching, impacting the niche discipline of accountancy.<\/p>\n<p>Tax regime changes, changes in carbon trading and stricter regulations impact businesses at a financial level.&nbsp;<\/p>\n<p><strong>Accounting as a practice needs to take note<\/strong>, adapt and deliver the required long-term value. Accounting needs to adopt appropriate management of risk with <strong>sustainability as a fundamental key goal.<\/strong><\/p>\n<p><a href=\"https:\/\/www.process.st\/?source=adwords-search-1&amp;gclid=EAIaIQobChMIn8eK29CO4gIVQcAYCh0oXARAEAAYAiAAEgKPKfD_BwE\" rel=\"nofollow\">Process Steet<\/a>\u2019s Environmental Accounting Internal Audit has been designed to <strong>incorporate accountancy skills<\/strong> to help businesses deal with today\u2019s unstable and changing environment.<\/p>\n<p>For example, skills such as 'monitoring and reducing costs', 'helping to formulate and implement strategy', are applied in this internal audit.<\/p>\n<p><a href=\"https:\/\/www.process.st\/?source=adwords-search-1&amp;gclid=EAIaIQobChMIn8eK29CO4gIVQcAYCh0oXARAEAAYAiAAEgKPKfD_BwE\" rel=\"nofollow\">Process Steet<\/a>\u2019s Environmental Accounting template <strong>manages environmental risks, saving you money, and supporting your small business to be sustainable.<\/strong><\/p>\n<p>In this template, you will be presented with specialized questions given as a form field. Different form fields are used, such as subtasks, dropdown menus, short answers, long answers, and weblinks.<\/p>\n<p>You can populate each form field with your own specific data. This data is compiled to produce a report where appropriate.<\/p>\n<p>In addition, our <a href=\"https:\/\/www.process.st\/help\/docs\/stop-tasks\/\" rel=\"nofollow noopener\" target=\"_blank\">stop task<\/a> feature has been used to enforce task order when needed.&nbsp; Our <a href=\"https:\/\/www.process.st\/help\/docs\/conditional-logic\/\" rel=\"nofollow noopener\" target=\"_blank\">conditional logic<\/a> task has been used as required to guide you through the correct process path specific for your entered data.<\/p>\n<\/p><\/div>\n<\/section>\n<section id=\"record-details\">\n<h2>Record Details<\/h2>\n<div class=\"text-content\">\n<p>In this Environmental Accounting Internal Audit, you will be presented with the following form fields, which you are required to populate with your own specific data. More information is provided for each form field via linkage to our help pages:<\/p>\n<ul>\n<li><a href=\"https:\/\/www.process.st\/help\/docs\/how-subtask-work\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Subtasks&nbsp;<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/help\/docs\/form-fields\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Dropdown<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/help\/docs\/form-fields\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Short Text<\/span><\/a>&nbsp;<\/li>\n<li><a href=\"https:\/\/www.process.st\/help\/docs\/form-fields\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Date<\/span><\/a><\/li>\n<li><span><a href=\"https:\/\/www.process.st\/help\/docs\/using-email-widget\/\" rel=\"nofollow noopener\" target=\"_blank\">Email widget&nbsp;<\/a><\/span><\/li>\n<li><a href=\"https:\/\/www.process.st\/help\/docs\/form-fields\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Entering email address&nbsp;<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/help\/docs\/form-fields\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Website&nbsp;<\/span><\/a><\/li>\n<\/ul>\n<p>To begin the Environmental Accounting Internal Audit, enter the required details into the form fields below.<\/p>\n<p>This is a <strong>stop task<\/strong>, which means you cannot progress in this environmental accounting internal audit until the required form fields are complete.<\/p>\n<\/p><\/div>\n<div class=\"text-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Your name <\/label><br \/>\n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled class=\"form-control\">\n  <\/div>\n<\/p><\/div>\n<div class=\"text-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Your business name (if applicable) <\/label><br \/>\n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled class=\"form-control\">\n  <\/div>\n<\/p><\/div>\n<div class=\"text-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Address line 1 (street address) <\/label><br \/>\n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled class=\"form-control\">\n  <\/div>\n<\/p><\/div>\n<div class=\"text-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Address line 2 (apartment, suite, unit) <\/label><br \/>\n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled class=\"form-control\">\n  <\/div>\n<\/p><\/div>\n<div class=\"text-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> ZIP code <\/label><br \/>\n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled class=\"form-control\">\n  <\/div>\n<\/p><\/div>\n<div class=\"text-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> City <\/label><br \/>\n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled class=\"form-control\">\n  <\/div>\n<\/p><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Country <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<div class=\"date-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Environmental Accounting Internal Audit start date <\/label> <\/p>\n<div class=\"date-container\">\n    <button type=\"button\" disabled class=\"btn btn-default\"> <i class=\"fa fa-calendar btn-icon\"><\/i> Date will be set here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"date-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Environmental Accounting Internal Audit due date <\/label> <\/p>\n<div class=\"date-container\">\n    <button type=\"button\" disabled class=\"btn btn-default\"> <i class=\"fa fa-calendar btn-icon\"><\/i> Date will be set here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"text-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Name of relevant stakeholder (if required) <\/label><br \/>\n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled class=\"form-control\">\n  <\/div>\n<\/p><\/div>\n<div class=\"text-content\">\n<h4 style=\"text-align: center;\">Environmental Accounting Internal Audit review details<\/h4>\n<\/p><\/div>\n<div class=\"text-content\">\n<p>At certain points in this Environmental Accounting Internal Audit, results will need to be reviewed and approved by the relevant personnel within your team.<\/p>\n<p>Take the time to fill in the details of the relevant personnel for audit review and subsequent approval below.<\/p>\n<\/p><\/div>\n<div class=\"text-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Internal audit reviewer's name (full) <\/label><br \/>\n   <input type=\"text\" placeholder=\"Something will be typed here...\" disabled class=\"form-control\">\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"identify-environmental-costs\">\n<h2>Identify environmental costs:<\/h2>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/o5tuvxEhFpudrmWUnBNPHA.jpg\" alt=\"Identify environmental costs:\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/o5tuvxEhFpudrmWUnBNPHA.jpg\"> <\/a><br \/>\n  <\/figure>\n<\/p><\/div>\n<\/section>\n<section id=\"consult-the-business-ledger-and-supplier-invoices\">\n<h2>Consult the business ledger and supplier invoices<\/h2>\n<div class=\"text-content\">\n<p>The first stage of <a href=\"https:\/\/www.process.st\/?source=adwords-search-1&amp;gclid=EAIaIQobChMIn8eK29CO4gIVQcAYCh0oXARAEAAYAiAAEgKPKfD_BwE\" rel=\"nofollow\">Process Steet<\/a>\u2019s Environmental Accounting template consists of <strong>identifying environmental costs<\/strong>, both direct and indirect.&nbsp;<\/p>\n<p>You are presented with <a href=\"https:\/\/www.process.st\/?source=adwords-search-1&amp;gclid=EAIaIQobChMIn8eK29CO4gIVQcAYCh0oXARAEAAYAiAAEgKPKfD_BwE\" rel=\"nofollow\">Process Steet<\/a>\u2019s <strong>subtask form field<\/strong>. You can<strong> check off each task<\/strong> once it has been completed using this form field.&nbsp;<\/p>\n<p>You are then presented with our<strong> website form field<\/strong>. Using this form field you can l<strong>ink online documents<\/strong>, such as a Google spreadsheet. You can use this website form field to record environmental costs identified.<\/p>\n<p>In this case, you can link online documentation summarising information obtained from consulting the business ledger and supplier invoices (<em>if required<\/em>).<\/p>\n<p>The <strong>dropdown form field<\/strong> presents a conditional step in this process. By selection 'Yes' or 'No' from the form field, you will be directed to the relevant stage in the process.<\/p>\n<p>Make sure to <strong>identify the true value of environmental costs<\/strong>. Do not treat environmental costs as general overhead, as so commonly occurs. Instead, allocate each cost to individual products so as to not to distort the overhead.<\/p>\n<p>You can do this using <strong><a href=\"https:\/\/www.investopedia.com\/terms\/a\/abc.asp\" rel=\"nofollow noopener\" target=\"_blank\">activity-based costing<\/a><\/strong>, which is covered in our 'Employ activity-based costing' task. To ensure that you are guided through the pathway that includes this task, choose 'Yes' from the dropdown form-field above.&nbsp;<\/p>\n<p>This is a <strong>stop task<\/strong>, which means you cannot progress in this environmental accounting internal audit until the required form fields are complete.<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Consult the business ledger to identify environmental costs for each process.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Consult supplier invoices to identify environmental costs for each process.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Is assistance needed to assign overhead environmental costs to individual products? <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<div class=\"text-content\">\n<p>The largest environmental costs are likely to include:&nbsp;<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Waste and effluent disposal\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Water consumption\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Energy\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       4\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Transport\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       5\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Consumables and raw materials\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<\/section>\n<section id=\"consult-department-managers-and-senior-employees\">\n<h2>Consult department managers and senior employees<\/h2>\n<div class=\"text-content\">\n<p><strong>Check off each subtask<\/strong> once it has been completed.<\/p>\n<p>You can then <strong>link online documentation<\/strong> summarising information obtained from meeting department managers and senior employees (<em>if required<\/em>).<\/p>\n<p>This is a <strong>stop task<\/strong>, which means you cannot progress in this environmental accounting internal audit until the required form fields are complete.<\/p>\n<\/p><\/div>\n<div class=\"text-content\">\n<p>For each individual process, speak to the relevant department managers and senior employees.<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Identify the environmental costs of each process.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Break down the environmental costs for each process across different activities.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Identify 'cost drivers' associated with each activity.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"text-content\">\n<p class=\"style-info\">Department managers can provide more information in addition to information obtained from the business general ledger and supplier invoices. For example, department managers will know how long a given process takes. Time is a cost that must be included in environmental management accounts.<\/p>\n<p class=\"style-info\">Causes or ''drivers'' of a cost associated with a specific activity are known as '<a href=\"https:\/\/saylordotorg.github.io\/text_managerial-accounting\/s07-03-using-activity-based-costing-t.html\" rel=\"nofollow noopener\" target=\"_blank\">cost drivers<\/a>'. For example, a cost driver could be the number of hours a machine has to run for a given activity to come to completion.<\/p>\n<\/p><\/div>\n<\/section>\n<section id=\"set-up-facetoface-meetings\">\n<h2>Set up face-to-face meetings<\/h2>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/nxWToOnzhBi4CT7ThJ5NRA.jpg\" alt=\"Set up face-to-face meetings\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/nxWToOnzhBi4CT7ThJ5NRA.jpg\"> <\/a><br \/>\n  <\/figure>\n<\/p><\/div>\n<div class=\"text-content\">\n<p>Check off each subtask once it has been completed.<\/p>\n<p>You can then <strong>link online documentation<\/strong> summarising information obtained from meeting department managers (<em>if required<\/em>).<\/p>\n<p>This is a <strong>stop task<\/strong>, which means you cannot progress in this environmental accounting internal audit until the required form fields are complete.<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Set up face-to-face meetings with department managers to obtain details on the full cost of each activity, for example, identify costs associated with the precise amount of materials used.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Identify additional 'cost drivers' associated with each activity.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<\/section>\n<section id=\"employ-activitybased-costing\">\n<h2>Employ activity-based costing<\/h2>\n<div class=\"text-content\">\n<p class=\"style-danger\">The activity-based costing system is not useful for companies with only one or two processes, which have little variation.<\/p>\n<\/p><\/div>\n<div class=\"text-content\">\n<p>The below method to activity-based costing that has been interrupted from <a href=\"https:\/\/saylordotorg.github.io\/text_managerial-accounting\/index.html\" rel=\"nofollow noopener\" target=\"_blank\">Managerial Accounting<\/a>,<a href=\"https:\/\/saylordotorg.github.io\/text_managerial-accounting\/s07-03-using-activity-based-costing-t.html\" rel=\"nofollow noopener\" target=\"_blank\">&nbsp;Using Activity-Based Costing to Allocate Overhead Costs<\/a>.&nbsp;<\/p>\n<\/p><\/div>\n<div class=\"text-content\">\n<h5>Step 1: Identify costly activities<\/h5>\n<p>Environmental costs have already been identified in the previous tasks.<\/p>\n<p>Cost of environmental processes has been identified in the task 'consulting the business ledger and supplier invoices'<\/p>\n<p>If links to online documentation summarising the environmental process costs identified were provided, these links are presented below:<\/p>\n<p>{{form.Online_documentation_URL_(1)}}<\/p>\n<p>Environmental process costs have been broken down across different activities in tasks 'talking to senior employees and managers' and 'face-to-face meetings with department managers'.&nbsp;&nbsp;<\/p>\n<p>If links to online documentation summarising the activity costs identified were provided, these links are presented below:<\/p>\n<p>{{form.Online_documentation_URL_(2)}}<\/p>\n<p>{{form.Online_documentation_URL_(3)}}<\/p>\n<\/p><\/div>\n<div class=\"text-content\">\n<h5>Step 2: Assign overhead costs to the activities identified in step 1<\/h5>\n<\/p><\/div>\n<div class=\"text-content\">\n<p>Overhead costs should have already been considered in tasks: 'consulting the business ledger and supplier invoices'; 'talking to senior employees and managers' and 'face-to-face meetings with department managers'.&nbsp;&nbsp;<\/p>\n<p>The cost of resources for each product or activity needs to be allocated to that product or activity. Costs are assigned only to the products and activities that demanded that specific costly action.<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Ensure that overhead charges for each activity are assigned to the relevant activity (i.e. a cost pool is produced for each activity).\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Estimate the annual overhead costs for each activity.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"text-content\">\n<h5>Step 3: Identify the cost driver for each activity<\/h5>\n<\/p><\/div>\n<div class=\"text-content\">\n<p>Cost drivers should have already been considered in tasks: 'talking to senior employees and managers' and 'face-to-face meetings with department managers'.&nbsp;&nbsp;<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Ensure that cost drivers for each activity are assigned to the relevant activity (i.e. a cost pool is produced for each activity).\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Estimate the annual cost driver activities, for example, the number of hours of a given activity per year.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"text-content\">\n<h5>Step 4: Calculate the predetermined overhead rate for each activity<\/h5>\n<\/p><\/div>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/i_gZ5WH766iz8E_mNjtICA.png\" alt=\"Process Street - Calculating the predetermined overhead rate\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/i_gZ5WH766iz8E_mNjtICA.png\"> <\/a><figcaption>\n     Process Street - Calculating the predetermined overhead rate<br \/>\n   <\/figcaption><\/figure>\n<\/p><\/div>\n<div class=\"text-content\">\n<p>You can then <strong>link online documentation<\/strong> summarising the calculated predetermined overhead rate (<em>if required<\/em>).<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Divide the estimated annual overhead costs (from step 2) by the estimated annual cost driver (from step 3).\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"text-content\">\n<p class=\"style-warning\">Indirect manufacturing costs are assigned to the goods that they produce via the <a href=\"https:\/\/www.accountingcoach.com\/blog\/what-is-a-predetermined-overhead-rate\" rel=\"nofollow noopener\" target=\"_blank\">predetermined overhead rate<\/a>. The predetermined overhead rate is given as a cost per cost driver unit of measurement.&nbsp;<\/p>\n<\/p><\/div>\n<div class=\"text-content\">\n<h5>Step 5: Allocate overhead costs to products&nbsp;<\/h5>\n<\/p><\/div>\n<div class=\"text-content\">\n<p>After a year of operation, actual cost driver activities can be determined from recorded data obtained in the operating year. So for example, the number of hours for a given activity might have been less in the year than previously estimated. You need to consider the <strong>actual cost drivers<\/strong> in step 5.<\/p>\n<p>You can then <strong>link online documentation<\/strong> summarising the calculated applied overheads (<em>if required<\/em>).<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Multiply the predetermined overhead rate for each activity by the actual annual cost driver activity. This gives the applied overhead.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Compare applied overhead with actual overhead costs.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Determine whether applied overhead costs are under-applied or over-applied.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       4\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Allocate incorrect estimations into either 'Work In Process', 'Finished Goods' and 'Cost of Good Sold'\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Is assistance needed to allocate incorrect estimations? <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<div class=\"text-content\">\n<p class=\"style-info\"><a href=\"https:\/\/saylordotorg.github.io\/text_managerial-accounting\/s07-03-using-activity-based-costing-t.html\" rel=\"nofollow noopener\" target=\"_blank\">Activity-based costing<\/a> organizes activities into several cost pools, to allocate overhead costs. The idea is that the time, materials, and labor used to create a product or perform a given activity, are accounted for.&nbsp;<\/p>\n<p class=\"style-info\">Companies using activity-based costing often<a href=\"https:\/\/saylordotorg.github.io\/text_managerial-accounting\/s07-03-using-activity-based-costing-t.html\" rel=\"nofollow noopener\" target=\"_blank\"> identify hundreds of activities<\/a> with costs associated.&nbsp;<\/p>\n<p class=\"style-info\">It is important to be aware of the negatives associated with activity-based costing when consulting the applied overhead costs given:<\/p>\n<ul>\n<li>\n<p class=\"style-info\">Activity-based costing systems can be costly and time-consuming to implement. From identifying costs associated with activities to identifying the tracking cost drivers.<\/p>\n<\/li>\n<li>\n<p class=\"style-info\">Using per unit cost information from activity-based costing does not account for fixed costs in the calculation. Fixed costs do not change in total with changes in activity.<\/p>\n<\/li>\n<li>\n<p class=\"style-info\">The activity-based costing system is not useful for companies with only one or two processes, which have little variation. For example, if a company manufactures one product only, then overhead costs will be associated with the manufacture of that one produce.<\/p>\n<\/li>\n<\/ul><\/div>\n<\/section>\n<section id=\"allocating-incorrect-estimations\">\n<h2>Allocating incorrect estimations<\/h2>\n<div class=\"video-content\">\n<div class=\"iframe-container\">\n   <iframe src=\"https:\/\/www.youtube.com\/embed\/FkS_mbt7f6k?modestbranding=1&amp;showinfo=0\" frameborder=\"0\" allowfullscreen=\"true\"> <\/iframe>\n  <\/div>\n<div class=\"description\">\n    Edspira - Underapplied or Overapplied Manufacturing Overhead (How to Dispose of It).\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"summarize-activitybased-costing-results\">\n<h2>Summarize activity-based costing results<\/h2>\n<div class=\"text-content\">\n<p>The summary of activity-based costing results detailed below, need to be reviewed and approved by the relevant personnel before continuation of this Environmental Accounting Internal Audit is possible.<\/p>\n<\/p><\/div>\n<div class=\"text-content\">\n<h4 style=\"text-align: center;\"><span style=\"text-decoration: underline;\">{{form.Online_documentation_URL_(5)}}Summary of activity-based costing results<\/span><\/h4>\n<\/p>\n<p><strong>Environmental costs of each process have been identified during the task 'consulting the business ledger and supplier invoices'.&nbsp;<\/strong><\/p>\n<p>If a link to online documentation summarising these costs identified was provided, this link is presented below:<\/p>\n<p>{{form.Online_documentation_URL_(1)}}<\/p>\n<p><strong>Environmental costs for each process were broken down across different activities and cost drivers associated with each activity were identified.<\/strong><\/p>\n<p>If a link to online documentation summarising these costs identified was provided, this link is presented below:<\/p>\n<p>{{form.Online_documentation_URL_(2)}}<\/p>\n<p>{{form.Online_documentation_URL_(3)}}<\/p>\n<p><strong>Predetermined overhead rate for each activity was calculated.<\/strong><\/p>\n<p>If a link to online documentation summarising these predetermined overhead rates was provided, this link is presented below:<\/p>\n<p>{{form.Online_documentation_URL_(4)}}<\/p>\n<p><strong>Applied overhead costs have been calculated and assessed to be identified as overapplied or underapplied.<\/strong><\/p>\n<p>If a link to online documentation summarising these overhead rates was provided, this link is presented below:<\/p>\n<p>{{form.Online_documentation_URL_(5)}}<\/p>\n<\/p><\/div>\n<\/section>\n<section id=\"approval\">\n<h2>Approval: <\/h2>\n<div class=\"approval-content\">\n<div class=\"header\">\n<div class=\"list-title\">\n    Will be submitted for approval:\n   <\/div>\n<\/p><\/div>\n<div class=\"approval-rule-subject-tasks-list\">\n<ul class=\"list\">\n<li>\n<div class=\"approval-rule-subject-tasks-list-item\">\n<div class=\"item\">\n<div class=\"container\">\n        <span class=\"title\">Summarize activity-based costing results<\/span> <\/p>\n<div class=\"body\">\n         Will be submitted\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"reduce-environmental-costs\">\n<h2>Reduce environmental costs:<\/h2>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/vWXyJpgUIsNqgfigOD9NwA.jpg\" alt=\"Reduce environmental costs:\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/vWXyJpgUIsNqgfigOD9NwA.jpg\"> <\/a><br \/>\n  <\/figure>\n<\/p><\/div>\n<div class=\"text-content\">\n<p class=\"style-warning\">The largest environmental costs are likely to include:&nbsp;<\/p>\n<ul>\n<li>\n<p class=\"style-warning\">Waste and effluent disposal&nbsp;<\/p>\n<\/li>\n<li>\n<p class=\"style-warning\">Water consumption&nbsp;<\/p>\n<\/li>\n<li>\n<p class=\"style-warning\">Energy&nbsp;<\/p>\n<\/li>\n<li>\n<p class=\"style-warning\">Transport&nbsp;<\/p>\n<\/li>\n<li>\n<p class=\"style-warning\">Consumables and raw materials&nbsp;<\/p>\n<\/li>\n<\/ul><\/div>\n<\/section>\n<section id=\"analyze-costs-associated-with-waste-production-and-disposal\">\n<h2>Analyze costs associated with waste production and disposal<\/h2>\n<div class=\"text-content\">\n<p>Begin your cost reduction analysis identifying true costs associated with waste. Check off the subtasks when each has been explored.<\/p>\n<p>A long text form field is provided for you to summarize the target activities identified for environmental cost reduction or elimination.<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Consider the true value costs of unused raw materials and their disposal and review for cost reduction or elimination.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Consider the true value costs of waste transport, storage and handling, and review for cost reduction or elimination.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Consider the true value of possible penalty costs for compliance failures associated with waste products, for example, pollution, and review for cost reduction or elimination.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       4\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Consider taxes for landfill and review for cost reduction or elimination.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Waste production and disposal: summarize target activities identified for cost reduction or elimination <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<div class=\"text-content\">\n<p>For more information on reducing and managing waste, view the following guides:<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Wast Reviews, Policies, and Action plans\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Reduce Your Business Waste To Save Money\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"text-content\">\n<p class=\"style-info\">Quick links to these guides are provided below:<\/p>\n<ul>\n<li>\n<p class=\"style-info\"><a href=\"https:\/\/www.nibusinessinfo.co.uk\/print\/book\/export\/html\/2384\" rel=\"nofollow noopener\" target=\"_blank\">Wast Reviews, Policies, and Action plans<\/a><\/p>\n<\/li>\n<li>\n<p class=\"style-info\"><a href=\"https:\/\/www.nibusinessinfo.co.uk\/print\/book\/export\/html\/2512\" rel=\"nofollow noopener\" target=\"_blank\">Reduce Your Business Waste To Save Money<\/a><\/p>\n<\/li>\n<\/ul><\/div>\n<\/section>\n<section id=\"analyze-costs-associated-with-water-consumption\">\n<h2>Analyze costs associated with water consumption<\/h2>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/rEipVzm7rZvTeRsElUVAbQ.jpg\" alt=\"Analyze costs associated with water consumption\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/rEipVzm7rZvTeRsElUVAbQ.jpg\"> <\/a><br \/>\n  <\/figure>\n<\/p><\/div>\n<div class=\"text-content\">\n<p>Identify true costs associated with water consumption. Check off the subtasks when each has been explored, and populate the long text form field as required.<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Consider the total cost of water use and review for cost reduction or elimination.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Consider the total cost of water disposal and review for cost reduction or elimination.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Water consumption: summarize target activities identified for cost reduction or elimination <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<div class=\"text-content\">\n<p><a href=\"https:\/\/www.water.org.uk\/wp-content\/uploads\/2018\/12\/GWI-International-sector-performance-comparisons.pdf\" rel=\"nofollow noopener\" target=\"_blank\">Mains water supply charges are rising on a global scale<\/a> along with <a href=\"https:\/\/www.nibusinessinfo.co.uk\/content\/identify-opportunities-cut-environmental-costs\" rel=\"nofollow noopener\" target=\"_blank\">sewage and trade effluent charges<\/a>. Controlling water supply is therefore important.&nbsp;<\/p>\n<p>To find out how to monitor your waste use, consider the following guides:<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Monitor Your Water Use\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"text-content\">\n<p>For information on how to save water, view the following guides:<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Save Water At Commercial Premises\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Save Water At Industrial Premises\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"text-content\">\n<p class=\"style-info\">Quick links to these guides are provided below:<\/p>\n<ul>\n<li>\n<p class=\"style-info\"><a href=\"https:\/\/www.nibusinessinfo.co.uk\/content\/monitor-your-water-use\" rel=\"nofollow noopener\" target=\"_blank\">Monitor Your Water Use<\/a><\/p>\n<\/li>\n<li>\n<p class=\"style-info\"><a href=\"https:\/\/www.nibusinessinfo.co.uk\/content\/save-water-commercial-premises\" rel=\"nofollow noopener\" target=\"_blank\">Save Water At Commercial Premises<\/a><\/p>\n<\/li>\n<li>\n<p class=\"style-info\"><a href=\"https:\/\/www.nibusinessinfo.co.uk\/content\/save-water-industrial-premises\" rel=\"nofollow noopener\" target=\"_blank\">Save Water At Industrial Premises<\/a><\/p>\n<\/li>\n<\/ul><\/div>\n<\/section>\n<section id=\"analyze-costs-associated-with-energy-consumption\">\n<h2>Analyze costs associated with energy consumption<\/h2>\n<div class=\"text-content\">\n<p>Identify true costs associated with energy consumption. Check off the subtasks when each has been explored, and populate the long text form field as required.<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Identify inefficiencies and wasteful practices, for example, use of non-energy saving light bulbs, review for cost reduction or elimination.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Identify energy sources and suppliers, review for cost reduction or elimination by considering more sustainable suppliers and renewable energy sources.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Energy consumption: summarize target activities identified for cost reduction or elimination <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<div class=\"text-content\">\n<p>Government initiatives and grants encourage energy efficiency.&nbsp; For more information, see the following guide:&nbsp;<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Tax Breaks And Finance For Business Property\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"text-content\">\n<p>For more information on how to save money by being more energy efficient, see the following guide:<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Save Money By Using Energy More Efficiently\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"text-content\">\n<p class=\"style-info\">Quick links to these guides are provided below:<\/p>\n<ul>\n<li>\n<p class=\"style-info\"><a href=\"https:\/\/www.nibusinessinfo.co.uk\/content\/tax-breaks-and-finance-business-property\" rel=\"nofollow noopener\" target=\"_blank\">Tax Breaks And Finance For Business Property<\/a><\/p>\n<\/li>\n<li>\n<p class=\"style-info\"><a href=\"https:\/\/www.nibusinessinfo.co.uk\/brexit\/energy\" rel=\"nofollow noopener\" target=\"_blank\">Save Money By Using Energy More Efficiently<\/a><\/p>\n<\/li>\n<\/ul><\/div>\n<\/section>\n<section id=\"analyze-costs-associated-with-transport\">\n<h2>Analyze costs associated with transport<\/h2>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/lE290cz3q33Z0wI9DARBEA.jpg\" alt=\"Analyze costs associated with transport\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/lE290cz3q33Z0wI9DARBEA.jpg\"> <\/a><br \/>\n  <\/figure>\n<\/p><\/div>\n<div class=\"text-content\">\n<p>Identify true costs associated with transport. Check off the subtasks when each has been explored, and populate the long text form field as required.<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Consider ways to encourage employees to use public transport or to walk\/run\/cycle to work, and identify cost reductions this could potentially make.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Look at options to invest in more fuel-efficient vehicles, and identify cost reductions this could potentially make.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Establish a route planning procedure for business travel, taking the most fuel-efficient routes, and identify cost reductions this could potentially make.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Transport: summarize target activities identified for cost reduction or elimination <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<div class=\"text-content\">\n<p>For more information on how to implement the above, see the following guides:<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Workplace Travel Planning\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Reducing Your Vehicle Emissions\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"text-content\">\n<p class=\"style-info\">Quick links to these guides are provided below:<\/p>\n<ul>\n<li>\n<p class=\"style-info\"><a href=\"https:\/\/www.nibusinessinfo.co.uk\/content\/workplace-travel-planning\" rel=\"nofollow noopener\" target=\"_blank\">Workplace Travel Planning<\/a><\/p>\n<\/li>\n<li>\n<p class=\"style-info\"><a href=\"https:\/\/www.nibusinessinfo.co.uk\/content\/reducing-your-vehicle-emissions\" rel=\"nofollow noopener\" target=\"_blank\">Reducing Your Vehicle Emissions<\/a><\/p>\n<\/li>\n<\/ul><\/div>\n<\/section>\n<section id=\"analyze-costs-associated-with-consumables-and-raw-materials\">\n<h2>Analyze costs associated with consumables and raw materials<\/h2>\n<div class=\"text-content\">\n<p>Identify true costs associated with consumables and raw materials. Check off the subtasks when each has been explored, and populate the long text form field as required.<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Establish a recycling scheme, and identify potential cost savings from implementing this scheme.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Consider using renewable materials and review for cost reduction or elimination.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Consider a different contract type with suppliers. A contract where suppliers are paid for the service supplied and not the volume provided. This will encourage suppliers to adopt a sustainable practice. Review potential cost savings this could have.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Consumables and raw materials: summarize target activities identified for cost reduction or elimination <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<div class=\"text-content\">\n<p>For more information regarding the above, see the following guide:<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Supply Chain Efficiency\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"text-content\">\n<p class=\"style-info\">Quick links to these guides are provided below:<\/p>\n<ul>\n<li>\n<p class=\"style-info\"><a href=\"https:\/\/www.nibusinessinfo.co.uk\/brexit\/supplychain\" rel=\"nofollow noopener\" target=\"_blank\">Supply Chain Efficiency<\/a><\/p>\n<\/li>\n<\/ul><\/div>\n<\/section>\n<section id=\"consider-other-processes-that-have-associated-environmental-costs\">\n<h2>Consider other processes that have associated environmental costs<\/h2>\n<div class=\"text-content\">\n<p>The dropdown form field represents a conditional step in this template. Selecting 'Yes' or 'No' from the dropdown menu will lead you to the relevant pathway in your active checklist.<\/p>\n<\/p><\/div>\n<div class=\"text-content\">\n<p>The processes specifically considered, named below, are processes most likely to have the largest environmental costs associated.<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      waste production and disposal\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      water consumption\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      energy consumption\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       4\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      transport\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       5\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      consumables and raw materials\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"text-content\">\n<p>However, there may be other processes not considered in this Environmental Accounting template with environmental costs associated that need to be considered.&nbsp;<\/p>\n<\/p><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Are there other processes not yet considered, that need to be explored for potential environmental cost reduction? <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"summarize-additional-target-activities-to-reduce-or-eliminate-environmental-costs\">\n<h2>Summarize additional target activities to reduce or eliminate environmental costs<\/h2>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/noz-7MZ8_gC4SYsRU1dMkg.jpg\" alt=\"Summarize additional target activities to reduce or eliminate environmental costs\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/noz-7MZ8_gC4SYsRU1dMkg.jpg\"> <\/a><br \/>\n  <\/figure>\n<\/p><\/div>\n<div class=\"text-content\">\n<p>Take the time to work through true environmental costs not already considered and identify possible cost reductions and eliminations. Summarize these additional target activities in the long text form field below.<\/p>\n<p>Summarized target activities need to be reviewed and approved before the completion of this Environmental Accounting Internal Audit.<\/p>\n<\/p><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Summarize target activities identified for cost reduction or elimination that have not yet been considered <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"summarize-activities-identified-as-targets-to-reduce-andor-eliminate-environmental-costs\">\n<h2>Summarize activities identified as targets to reduce and\/or eliminate environmental costs<\/h2>\n<div class=\"text-content\">\n<p>In the dropdown form field below, you have the option to send this summary report to relevant stakeholders. The dropdown form field is a conditional step. Selecting 'Yes' or 'No' from the dropdown menu will lead you to the relevant pathway in your active checklist.<\/p>\n<p>The summarized activities identified as targets to reduce and\/or eliminate environmental costs need to be reviewed and approved by the relevant personnel before the completion of this internal audit.<\/p>\n<\/p><\/div>\n<div class=\"text-content\">\n<h4 style=\"text-align: center;\">Target Activities to reduce and\/or eliminate environmental costs<\/h4>\n<h5>Waste production&nbsp;<\/h5>\n<p>{{form.Waste_production_and_disposal:_summarize_target_activities_identified_for_cost_reduction_or_elimination}}<\/p>\n<h5>Water consumption<\/h5>\n<p>{{form.Water_consumption:_summarize_target_activities_identified_for_cost_reduction_or_elimination}}<\/p>\n<h5>Energy consumption&nbsp;<\/h5>\n<p>{{form.Energy_consumption:_summarize_target_activities_identified_for_cost_reduction_or_elimination}}<\/p>\n<h5>Transport&nbsp;<\/h5>\n<p>{{form.Transport:_summarize_target_activities_identified_for_cost_reduction_or_elimination}}<\/p>\n<h5>Consumables and raw materials&nbsp;<\/h5>\n<p>{{form.Consumables_and_raw_materials:_summarize_target_activities_identified_for_cost_reduction_or_elimination}}<\/p>\n<h5>Additional processes considered<\/h5>\n<p>{{form.Summarize_target_activities_identified_for_cost_reduction_or_elimination_that_have_not_yet_been_considered}}<\/p>\n<\/p><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Would you like to send the above summary via email to relevant personnel? <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"approval-2\">\n<h2>Approval: <\/h2>\n<div class=\"approval-content\">\n<div class=\"header\">\n<div class=\"list-title\">\n    Will be submitted for approval:\n   <\/div>\n<\/p><\/div>\n<div class=\"approval-rule-subject-tasks-list\">\n<ul class=\"list\">\n<li>\n<div class=\"approval-rule-subject-tasks-list-item\">\n<div class=\"item\">\n<div class=\"container\">\n        <span class=\"title\">Summarize additional target activities to reduce or eliminate environmental costs<\/span> <\/p>\n<div class=\"body\">\n         Will be submitted\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/li>\n<li>\n<div class=\"approval-rule-subject-tasks-list-item\">\n<div class=\"item\">\n<div class=\"container\">\n        <span class=\"title\">Summarize activities identified as targets to reduce and\/or eliminate environmental costs<\/span> <\/p>\n<div class=\"body\">\n         Will be submitted\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"email-summary-report\">\n<h2>Email summary report<\/h2>\n<\/section>\n<section id=\"produce-an-action-plan\">\n<h2>Produce an action plan:<\/h2>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/gdwGu8vxIirF3ysgJj9PZQ.jpg\" alt=\"Produce an action plan:\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/gdwGu8vxIirF3ysgJj9PZQ.jpg\"> <\/a><br \/>\n  <\/figure>\n<\/p><\/div>\n<\/section>\n<section id=\"set-targets\">\n<h2>Set targets<\/h2>\n<div class=\"text-content\">\n<p>Targets need to be reviewed and approved by the relevant personnel for the continuation of this Environmental Accounting Internal Audit.<\/p>\n<\/p><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Based on the activities identified to reduce or eliminate environmental costs, formulate target for environmental cost reduction\/elimination. <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<div class=\"text-content\">\n<p>Check your set targets to ensure the following have been considered:<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Set targets for reducing waste.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Set targets for improving energy efficiency.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Set targets for cutting water use.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       4\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Set targets for improving reuse or recycling or materials and equipment\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<\/section>\n<section id=\"approval-3\">\n<h2>Approval: <\/h2>\n<div class=\"approval-content\">\n<div class=\"header\">\n<div class=\"list-title\">\n    Will be submitted for approval:\n   <\/div>\n<\/p><\/div>\n<div class=\"approval-rule-subject-tasks-list\">\n<ul class=\"list\">\n<li>\n<div class=\"approval-rule-subject-tasks-list-item\">\n<div class=\"item\">\n<div class=\"container\">\n        <span class=\"title\">Set targets<\/span> <\/p>\n<div class=\"body\">\n         Will be submitted\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"estimate-cost-savings-and-payback-period\">\n<h2>Estimate cost savings and payback period<\/h2>\n<div class=\"text-content\">\n<p>Your changes to reduce environmental costs and to employ more sustainable actions in your business will have immediate or delayed costs savings.&nbsp;<\/p>\n<p>Take the time to<strong> estimate the cost savings you will achieve and to estimate payback periods of any investments made<\/strong>.<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Estimate cost savings\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Estimate payback periods (if required)\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<\/section>\n<section id=\"enforce-periodic-progress-reports\">\n<h2>Enforce periodic progress reports<\/h2>\n<div class=\"text-content\">\n<p>All relevant departments will need to assess their progress towards achieving the set targets. For this assessment, <strong>ensure that periodic reports are produced<\/strong>, reporting on the department's progress.<\/p>\n<p>Our <a href=\"https:\/\/www.process.st\/help\/docs\/dynamic-due-dates\/\" rel=\"nofollow noopener\" target=\"_blank\">dynamic due date feature<\/a> has been implemented on this step to ensure that periodic reports are assessed in a months time.&nbsp;<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Implement monthly progress report production as a routine task to be completed by relevant departments, to track progress.\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<\/section>\n<section id=\"communicate-action-plan\">\n<h2>Communicate action plan:<\/h2>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/jHF4NYrqaKSGlGaTHYZHBQ.jpg\" alt=\"Communicate action plan:\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/jHF4NYrqaKSGlGaTHYZHBQ.jpg\"> <\/a><br \/>\n  <\/figure>\n<\/p><\/div>\n<\/section>\n<section id=\"produce-a-flow-chart\">\n<h2>Produce a flow chart<\/h2>\n<div class=\"text-content\">\n<p>Check off each subtask on its completion.&nbsp;<\/p>\n<p>You are presented with a conditional step. Selecting 'Yes' or 'No' in the drop-down menu given will direct you to the relevant pathway in this process.<\/p>\n<\/p><\/div>\n<div class=\"text-content\">\n<p>Produce a flow chart to show the businesses main activities. Include the following in this flow chart:<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Break down the processes into associated activities.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       2\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Indicate costs, including the applied overhead costs associated with each activity.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       3\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Indicate environmental costs to be reduced or eliminated.\n    <\/div>\n<\/li>\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       4\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Use the flow chart to communicate the changes to be made\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"text-content\">\n<h5>Communicate targets set to employees<\/h5>\n<p>{{form.Based_on_the_activities_identified_to_reduce_or_eliminate_environmental_costs,_formulate_target_for_environmental_cost_reduction\/elimination.}}<\/p>\n<\/p><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Would you like an email to be sent to relevant stakeholders communicating the targets set? <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<div class=\"text-content\">\n<p class=\"style-danger\">The flow chart should not be overly detailed but should show the key information where you can make savings.<\/p>\n<p class=\"style-info\"><a href=\"https:\/\/www.nibusinessinfo.co.uk\/content\/set-environmental-targets-increase-profits\" rel=\"nofollow noopener\" target=\"_blank\">Communication is important<\/a> to ensure that employees are enthusiastic and knowledgeable about the given changes. Flow charts have <a href=\"https:\/\/www.edrawsoft.com\/flowchart-benefits.php\" rel=\"nofollow noopener\" target=\"_blank\">visual clarity<\/a> meaning multiple processes and associated activities can be viewed easily in a single document, making it an excellent way to communicate the changes required from running this checklist.<\/p>\n<\/p><\/div>\n<\/section>\n<section id=\"email-targets\">\n<h2>Email targets<\/h2>\n<\/section>\n<section id=\"assessment-of-targets\">\n<h2>Assessment of targets:<\/h2>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/vdd5rj9o2e72cxEgr6FLog.jpg\" alt=\"Assessment of targets:\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/vdd5rj9o2e72cxEgr6FLog.jpg\"> <\/a><br \/>\n  <\/figure>\n<\/p><\/div>\n<\/section>\n<section id=\"assess-periodic-reports\">\n<h2>Assess periodic reports<\/h2>\n<div class=\"text-content\">\n<p>You are presented with a conditional step. Selecting 'Yes' or 'No' in the drop-down menu given will direct you to the relevant pathway in this process.<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Assess progress and determine if progress is on schedule or off schedule\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> On schedule progress attainment. <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Would you like to email assessment results to the relevant stakeholders? <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"email-assessment-report\">\n<h2>Email assessment report<\/h2>\n<\/section>\n<section id=\"reexamine-targets\">\n<h2>Re-examine targets<\/h2>\n<div class=\"text-content\">\n<h5>Targets set<\/h5>\n<p>{{form.Based_on_the_activities_identified_to_reduce_or_eliminate_environmental_costs,_formulate_target_for_environmental_cost_reduction\/elimination.}}<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Re-examine the above targets to ensure they are achievable\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Identify reasons as to why the targets have not been met. <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Set new targets taking into account previous failures. <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Would you like to email the target failure assessment to relevant stakeholders? <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"email-target-failure-assessment\">\n<h2>Email target failure assessment<\/h2>\n<\/section>\n<section id=\"determine-if-targets-have-been-achieved\">\n<h2>Determine if targets have been achieved<\/h2>\n<div class=\"text-content\">\n<p>This is a <strong>stop task<\/strong>. Completing the Environmental Account Internal Audit is not possible until all targets have been met.<\/p>\n<p>Continuation of the assessment tasks is required until all targets have been met.<\/p>\n<p>This is a <strong>stop task<\/strong>, which means you cannot progress in this environmental accounting internal audit until the required form fields are complete.<\/p>\n<p>The conclusion put forward in regard to whether every target has been met needs to be reviewed and approved by the relevant personnel before the continuation of this Environmental Accounting Internal Audit is possible.<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Every target has been met\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<\/section>\n<section id=\"approval-4\">\n<h2>Approval: <\/h2>\n<div class=\"approval-content\">\n<div class=\"header\">\n<div class=\"list-title\">\n    Will be submitted for approval:\n   <\/div>\n<\/p><\/div>\n<div class=\"approval-rule-subject-tasks-list\">\n<ul class=\"list\">\n<li>\n<div class=\"approval-rule-subject-tasks-list-item\">\n<div class=\"item\">\n<div class=\"container\">\n        <span class=\"title\">Determine if targets have been achieved<\/span> <\/p>\n<div class=\"body\">\n         Will be submitted\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"assess-benefits\">\n<h2>Assess benefits:<\/h2>\n<div class=\"image-content\">\n<figure>\n   <a href=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/qmdU1XR54MLy1dy3nsNBtQ.jpg\" alt=\"Assess benefits:\" target=\"_blank\" rel=\"noopener\"> <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.process.st\/templates\/wp-content\/uploads\/2024\/02\/qmdU1XR54MLy1dy3nsNBtQ.jpg\"> <\/a><br \/>\n  <\/figure>\n<\/p><\/div>\n<\/section>\n<section id=\"assess-financial-and-environmental-benefits\">\n<h2>Assess financial and environmental benefits<\/h2>\n<div class=\"text-content\">\n<p>You can document your cost savings achieve in an online document and<strong> provide the URL link<\/strong>.&nbsp;<\/p>\n<p>Alternatively, you can <strong>upload a file<\/strong> summarizing the savings achieved.<\/p>\n<p>Financial and Environmental benefits detailed need to be reviewed and approved by the relevant personnel before these benefits can be emailed to the relevant personnel.<\/p>\n<\/p><\/div>\n<div class=\"multi-select-content form-field-content\">\n<ul class=\"items\">\n<li class=\"item\">\n<div class=\"step-number-container\">\n<div class=\"step-number\">\n       1\n     <\/div>\n<\/p><\/div>\n<div class=\"step-checkbox-container\">\n<div class=\"step-checkbox\"><\/div>\n<\/p><\/div>\n<div class=\"item-name-static\">\n      Assess cost savings from reducing or eliminating environmental costs\n    <\/div>\n<\/li>\n<\/ul><\/div>\n<div class=\"file-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> File upload (1) <\/label> <\/p>\n<div class=\"file-container\">\n    <button type=\"button\" disabled class=\"btn btn-default\"> <i class=\"fa fa-upload btn-icon\"><\/i> File will be uploaded here <\/button>\n   <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"textarea-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Summarize financial and environmental benefits attained from target completion. <\/label><br \/>\n   <textarea placeholder=\"Something will be typed here...\" rows=\"3\" disabled class=\"form-control\"><\/textarea>\n  <\/div>\n<\/p><\/div>\n<div class=\"select-field-content form-field-content\">\n<div class=\"form-group\">\n   <label> Would you like to email the summarized cost saving achievement to relevant stakeholders? <\/label><br \/>\n   <select disabled class=\"form-control\"><option value=\"An option will be selected here\">An option will be selected here<\/option><\/select>\n  <\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"approval-5\">\n<h2>Approval: <\/h2>\n<div class=\"approval-content\">\n<div class=\"header\">\n<div class=\"list-title\">\n    Will be submitted for approval:\n   <\/div>\n<\/p><\/div>\n<div class=\"approval-rule-subject-tasks-list\">\n<ul class=\"list\">\n<li>\n<div class=\"approval-rule-subject-tasks-list-item\">\n<div class=\"item\">\n<div class=\"container\">\n        <span class=\"title\">Assess financial and environmental benefits<\/span> <\/p>\n<div class=\"body\">\n         Will be submitted\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<\/section>\n<section id=\"email-cost-savings-to-relevant-stakeholders\">\n<h2>Email cost savings to relevant stakeholders<\/h2>\n<\/section>\n<section id=\"related-checklists\">\n<h2>Related checklists:<\/h2>\n<div class=\"text-content\">\n<ul>\n<li><a href=\"https:\/\/www.process.st\/templates\/accounting-onboarding-procedures\/\" rel=\"nofollow\"><span>Accounting Onboarding Procedures<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/creating-an-invoice\/\" rel=\"nofollow\"><span>Creating an Invoice<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/bank-reconciliation-template\/\" rel=\"nofollow\"><span>Bank Reconciliation Template<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/expense-management-process\/\" rel=\"nofollow\"><span>Expense Management Process<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/accounts-receivable-process\/\" rel=\"nofollow\"><span>Accounts Receivable Process<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/accounts-payable-process\/\" rel=\"nofollow\"><span>Accounts Payable Process<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/income-profit-and-loss-statement-process\/\" rel=\"nofollow\"><span>Income (Profit and Loss) Statement Process<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/cash-flow-report\" rel=\"nofollow\"><span>Cash Flow Report<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/balance-sheet-statement-preparation-checklist\" rel=\"nofollow\"><span>Balance Sheet Statement Preparation Checklist<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/business-tax-preparation-checklist\" rel=\"nofollow\"><span>Business Tax Preparation Checklist<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/annual-financial-report-template\/\" rel=\"nofollow\"><span>Annual Financial Report Template<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/your-first-template-click-here-to-get-started-138\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Client Services: Accounting Onboarding<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/bank-reconciliation-template\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Bank Reconciliation Template<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/client-onboarding-for-financial-planners\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Client Onboarding For Financial Planners<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/creating-an-invoice\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Creating An Invoice&nbsp;<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/expense-management-process\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Expense Management Process<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/financial-management-for-new-projects\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Financial Management For New Projects<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/investor-pitch\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Investor Pitch<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/pci-compliance-checklist\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>PCI Compliance Checklist<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/private-equity-due-dilligence-checklist\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Private Equity Due Diligence Checklist<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/procurement-guidelines-checklist\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Procurement Guidelines and Checklist<\/span><\/a>&nbsp;<\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/purchase-of-a-business\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Purchase Of A Busines<\/span><\/a><span>s&nbsp;<\/span><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/purchase-order-workflow-template\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Purchase Order Workflow Template&nbsp;<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/startup-due-diligence-for-a-venture-capitalist\/\" rel=\"nofollow noopener\" target=\"_blank\"><span>Startup Due Diligence For A Venture Capitalist<\/span><\/a>&nbsp;<\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/cash-management-process\/\" rel=\"nofollow\"><span>Cash management process<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/budget-process\/\" rel=\"nofollow\"><span>Budget Process<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/financial-planning-process\/\" rel=\"nofollow\"><span>Financial Planning Process<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/financial-plan-template\/\" rel=\"nofollow\">Financial Plan Template<\/a><span><\/span><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/financial-audit-checklist\/\" rel=\"nofollow\"><span>Financial Audit Checklist<\/span><\/a><\/li>\n<li><a href=\"https:\/\/www.process.st\/templates\/tax-preparation-checklist\/\" rel=\"nofollow\"><span>Tax Preparation Checklist<\/span><\/a><\/li>\n<\/ul><\/div>\n<\/section>\n<section id=\"sources\">\n<h2>Sources:<\/h2>\n<div class=\"text-content\">\n<ul>\n<li><a href=\"https:\/\/www.nibusinessinfo.co.uk\/\" rel=\"nofollow noopener\" target=\"_blank\">nibusinessinfo.co.uk<\/a>&nbsp;- <a href=\"https:\/\/www.nibusinessinfo.co.uk\/content\/allocate-environmental-costs-specific-processes\" rel=\"nofollow noopener\" target=\"_blank\">Environmental Management Accounting To Reduce Costs<\/a><\/li>\n<li><a href=\"https:\/\/www.cimaglobal.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Chartered Institute of Management Accountants<\/a> - <a href=\"https:\/\/www.cimaglobal.com\/Documents\/Thought_leadership_docs\/cid_accounting_for_climate_change_feb10.pdf\" rel=\"nofollow noopener\" target=\"_blank\">Accounting For Climate Change&nbsp;<\/a><\/li>\n<li><a href=\"https:\/\/www.noaa.gov\/\" rel=\"nofollow noopener\" target=\"_blank\">National Oceanic And Atmospheric Administration<\/a><\/li>\n<li><a href=\"https:\/\/www.cpajournal.com\/\" rel=\"nofollow noopener\" target=\"_blank\">CPA Journal<\/a>&nbsp;-&nbsp; <a href=\"https:\/\/www.cpajournal.com\/2018\/08\/08\/changing-times-and-challenges-to-the-cpa-profession\/\" rel=\"nofollow noopener\" target=\"_blank\">Changing Times And Challenges To The CPA Profession<\/a><\/li>\n<li><a href=\"https:\/\/www.investopedia.com\/uk\/\" rel=\"nofollow noopener\" target=\"_blank\">Investopedia<\/a>&nbsp;- <a href=\"https:\/\/www.investopedia.com\/terms\/a\/abc.asp\" rel=\"nofollow noopener\" target=\"_blank\">Activity-Based Costing (ABC)<\/a><\/li>\n<li><a href=\"https:\/\/www.azquotes.com\/author\/11425-Henry_Paulson\" rel=\"nofollow noopener\" target=\"_blank\">Henry Paulson<\/a> - <a href=\"https:\/\/www.azquotes.com\/quote\/227142\" rel=\"nofollow noopener\" target=\"_blank\">AZ Quotes<\/a><\/li>\n<li><a href=\"https:\/\/saylordotorg.github.io\/text_managerial-accounting\/index.html\" rel=\"nofollow noopener\" target=\"_blank\">Managerial Accounting<\/a>&nbsp;-&nbsp;<a href=\"https:\/\/saylordotorg.github.io\/text_managerial-accounting\/s07-03-using-activity-based-costing-t.html\" rel=\"nofollow noopener\" target=\"_blank\">3.3 Using Activity-Based Costing To Allocate Overhead Costs<\/a><\/li>\n<li><a href=\"https:\/\/www.accountingcoach.com\/\" rel=\"nofollow noopener\" target=\"_blank\">AC<\/a>&nbsp;- <a href=\"https:\/\/www.accountingcoach.com\/blog\/what-is-a-predetermined-overhead-rate\" rel=\"nofollow noopener\" target=\"_blank\">What Is A Predetermined Overhead Rate?<\/a><\/li>\n<li><a href=\"https:\/\/www.nibusinessinfo.co.uk\/\" rel=\"nofollow noopener\" target=\"_blank\">nibusinessinfo.co.uk<\/a>&nbsp;-&nbsp;<a href=\"https:\/\/www.nibusinessinfo.co.uk\/content\/waste-reviews-policies-and-action-plans\" rel=\"nofollow noopener\" target=\"_blank\">Waste Reviews, Policies, And Action Plans<\/a><\/li>\n<li><a href=\"https:\/\/www.nibusinessinfo.co.uk\/\" rel=\"nofollow noopener\" target=\"_blank\">nibusinessinfo.co.uk<\/a>&nbsp;- <a href=\"https:\/\/www.nibusinessinfo.co.uk\/content\/reduce-your-business-waste-save-money\" rel=\"nofollow noopener\" target=\"_blank\">Reduce Your Business Waste To Save Money<\/a><\/li>\n<li><a href=\"https:\/\/www.globalwaterintel.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Global Water Intelligence<\/a>&nbsp;- <a href=\"https:\/\/www.water.org.uk\/wp-content\/uploads\/2018\/12\/GWI-International-sector-performance-comparisons.pdf\" rel=\"nofollow noopener\" target=\"_blank\">International Comparisons Of Water Sector Performance<\/a><\/li>\n<li><a href=\"https:\/\/www.nibusinessinfo.co.uk\/\" rel=\"nofollow noopener\" target=\"_blank\">nibusinessinfo.co.uk<\/a>&nbsp;- <a href=\"https:\/\/www.nibusinessinfo.co.uk\/content\/monitor-your-water-use\" rel=\"nofollow noopener\" target=\"_blank\">Monitor Your Water Use<\/a><\/li>\n<li><a href=\"https:\/\/www.nibusinessinfo.co.uk\/\" rel=\"nofollow noopener\" target=\"_blank\">nibusinessinfo.co.uk<\/a>&nbsp;- <a href=\"https:\/\/www.nibusinessinfo.co.uk\/content\/tax-breaks-and-finance-business-property\" rel=\"nofollow noopener\" target=\"_blank\">Tax Breaks And Finance For Business Property<\/a><\/li>\n<li><a href=\"https:\/\/www.nibusinessinfo.co.uk\/\" rel=\"nofollow noopener\" target=\"_blank\">nibusinessinfo.co.uk<\/a>&nbsp;- <a href=\"https:\/\/www.nibusinessinfo.co.uk\/brexit\/energy\" rel=\"nofollow noopener\" target=\"_blank\">Save Money By Using Energy More Efficiently<\/a><\/li>\n<li><a href=\"https:\/\/www.nibusinessinfo.co.uk\/\" rel=\"nofollow noopener\" target=\"_blank\">nibusinessinfo.co.uk<\/a>&nbsp;- <a href=\"https:\/\/www.nibusinessinfo.co.uk\/content\/save-water-commercial-premises\" rel=\"nofollow noopener\" target=\"_blank\">Save Water At Commercial Premises<\/a><\/li>\n<li><a href=\"https:\/\/www.nibusinessinfo.co.uk\/\" rel=\"nofollow noopener\" target=\"_blank\">nibusinessinfo.co.uk<\/a>&nbsp;- <a href=\"https:\/\/www.nibusinessinfo.co.uk\/content\/save-water-industrial-premises\" rel=\"nofollow noopener\" target=\"_blank\">Save Water At Industrial Premises<\/a><\/li>\n<li><a href=\"https:\/\/www.nibusinessinfo.co.uk\/\" rel=\"nofollow noopener\" target=\"_blank\">nibusinessinfo.co.uk<\/a>&nbsp;- <a href=\"https:\/\/www.nibusinessinfo.co.uk\/content\/tax-breaks-and-finance-business-property\" rel=\"nofollow noopener\" target=\"_blank\">Tax Breaks And Finance For Business Property<\/a><\/li>\n<li><a href=\"https:\/\/www.edrawsoft.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Edraw Max Pro<\/a>&nbsp;- <a href=\"https:\/\/www.edrawsoft.com\/flowchart-benefits.php\" rel=\"nofollow noopener\" target=\"_blank\">Flowchart Benefits<\/a><\/li>\n<li>&nbsp;<a href=\"https:\/\/www.youtube.com\/watch?v=FkS_mbt7f6k&amp;t=248s\" rel=\"nofollow noopener\" target=\"_blank\">Video<\/a>&nbsp;-&nbsp;<a href=\"https:\/\/www.youtube.com\/channel\/UCzRF-OFuv8os-bGzANpQGqg\" rel=\"nofollow noopener\" target=\"_blank\">Edspira<\/a>&nbsp;<\/li>\n<li><a href=\"https:\/\/www.bookdepository.com\/author\/Kimio-Uno\" rel=\"nofollow noopener\" target=\"_blank\">Kimio Uno<\/a> - E<a href=\"https:\/\/books.google.co.uk\/books\/about\/Environmental_Accounting_in_Theory_and_P.html?id=-eRe-G3dfy0C&amp;printsec=frontcover&amp;source=kp_read_button&amp;redir_esc=y#v=onepage&amp;q&amp;f=false\" rel=\"nofollow noopener\" target=\"_blank\">nvironmental Accounting In Theory And Practice<\/a>&nbsp;<\/li>\n<li><a href=\"https:\/\/pixabay.com\/es\/photos\/monedas-billetes-de-banco-dinero-1726618\/\" rel=\"nofollow noopener\" target=\"_blank\">Image<\/a> from <a href=\"https:\/\/pixabay.com\/es\/users\/stevepb-282134\/\" rel=\"nofollow noopener\" target=\"_blank\">stevepb<\/a>, re-sized<\/li>\n<li><a href=\"https:\/\/pixabay.com\/es\/photos\/de-papel-negocio-las-finanzas-3213924\/\" rel=\"nofollow noopener\" target=\"_blank\">Image<\/a> from <a href=\"https:\/\/pixabay.com\/es\/users\/mohamed_hassan-5229782\/\" rel=\"nofollow noopener\" target=\"_blank\">mohamed_hassan<\/a>, re-sized<\/li>\n<li><a href=\"https:\/\/www.publicdomainpictures.net\/en\/view-image.php?image=41793&amp;picture=pink-piggy-bank\" rel=\"nofollow noopener\" target=\"_blank\">Image<\/a>&nbsp;from <a href=\"https:\/\/www.publicdomainpictures.net\/en\/browse-author.php?a=8245\" rel=\"nofollow noopener\" target=\"_blank\">George Hodan<\/a>, re-sized&nbsp;<\/li>\n<li><a href=\"https:\/\/www.publicdomainpictures.net\/en\/view-image.php?image=87668&amp;picture=water-in-the-desert\" rel=\"nofollow noopener\" target=\"_blank\">Image<\/a>&nbsp;from <a href=\"https:\/\/www.publicdomainpictures.net\/en\/browse-author.php?a=74337\" rel=\"nofollow noopener\" target=\"_blank\">Ken Kistler<\/a>, re-sized&nbsp;<\/li>\n<li><a href=\"https:\/\/pixabay.com\/es\/photos\/bangkok-tailandia-ciudad-1990263\/\" rel=\"nofollow noopener\" target=\"_blank\">Image<\/a>&nbsp;from <a href=\"https:\/\/pixabay.com\/es\/users\/12019-12019\/\" rel=\"nofollow noopener\" target=\"_blank\">ID 12019<\/a>, re-sized<\/li>\n<li><a href=\"https:\/\/pixabay.com\/es\/photos\/empresario-destino-planificaci%C3%B3n-3075835\/\" rel=\"nofollow noopener\" target=\"_blank\">Image<\/a>&nbsp;from <a href=\"https:\/\/pixabay.com\/es\/users\/geralt-9301\/\" rel=\"nofollow noopener\" target=\"_blank\">geralt<\/a>, re-sized<\/li>\n<li><a href=\"https:\/\/pixabay.com\/es\/photos\/escalada-en-roca-protecci%C3%B3n-1283693\/\" rel=\"nofollow noopener\" target=\"_blank\">Image<\/a>&nbsp;from <a href=\"https:\/\/pixabay.com\/es\/users\/pexels-2286921\/\" rel=\"nofollow noopener\" target=\"_blank\">Pexels<\/a>, re-sized<\/li>\n<li><a href=\"https:\/\/pixabay.com\/es\/photos\/marca-marcador-mano-escribir-516279\/\" rel=\"nofollow noopener\" target=\"_blank\">Image<\/a>&nbsp;from <a href=\"https:\/\/pixabay.com\/es\/users\/geralt-9301\/\" rel=\"nofollow noopener\" target=\"_blank\">geralt<\/a>, re-sized<\/li>\n<li><a href=\"https:\/\/www.publicdomainpictures.net\/en\/view-image.php?image=271549&amp;picture=audit-report\" rel=\"nofollow noopener\" target=\"_blank\">Image<\/a>&nbsp;from <a href=\"https:\/\/www.publicdomainpictures.net\/en\/browse-author.php?a=138450\" rel=\"nofollow noopener\" target=\"_blank\">mohamed mohamed mahmoud hassan<\/a>, re-szed<\/li>\n<li><a href=\"https:\/\/www.maxpixel.net\/Business-Investment-Bank-Finance-Money-Coin-Home-2724241\" rel=\"nofollow noopener\" target=\"_blank\">Image<\/a>&nbsp;from <a href=\"https:\/\/www.maxpixel.net\/camera\/Nikon-D610-51\" rel=\"nofollow noopener\" target=\"_blank\">Nikon D610<\/a>, re-sized<\/li>\n<li><\/li>\n<\/ul><\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Introduction: Process Street - Environmental Accounting ''Economic growth and environmental protection are not at odds. They're opposite sides of the same coin if you're looking at longer-term prosperity.'' - Henry Paulson Process Steet\u2019s Environmental Accounting Internal Audit provides an easy-to-understand guide bringing forth an efficient and specialized performance analysis for a given small business. To [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":17841,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"ep_exclude_from_search":false,"cover_icon_emoji":"","cover_icon_url":"","tasks_count":"42","template_description":"Process Street's Environmental Accounting template is a guide, supporting your small business accounting processes to attain and retain a sustainable focus.","template_id":"iS7F9A-vdq-aUV22NxFHVQ","task_0":"Introduction:","task_slug_0":"introduction","task_1":"Record Details","task_slug_1":"record-details","task_2":"Identify environmental costs:","task_slug_2":"identify-environmental-costs","task_3":"Consult the business ledger and supplier invoices","task_slug_3":"consult-the-business-ledger-and-supplier-invoices","task_4":"Consult department managers and senior employees","task_slug_4":"consult-department-managers-and-senior-employees","task_5":"Set up face-to-face meetings","task_slug_5":"set-up-facetoface-meetings","task_6":"Employ activity-based costing","task_slug_6":"employ-activitybased-costing","task_7":"Allocating incorrect estimations","task_slug_7":"allocating-incorrect-estimations","task_8":"Summarize activity-based costing results","task_slug_8":"summarize-activitybased-costing-results","task_9":"Approval:","task_slug_9":"approval","task_10":"Reduce environmental costs:","task_slug_10":"reduce-environmental-costs","task_11":"Analyze costs associated with waste production and disposal","task_slug_11":"analyze-costs-associated-with-waste-production-and-disposal","task_12":"Analyze costs associated with water consumption","task_slug_12":"analyze-costs-associated-with-water-consumption","task_13":"Analyze costs associated with energy consumption","task_slug_13":"analyze-costs-associated-with-energy-consumption","task_14":"Analyze costs associated with transport","task_slug_14":"analyze-costs-associated-with-transport","task_15":"Analyze costs associated with consumables and raw materials","task_slug_15":"analyze-costs-associated-with-consumables-and-raw-materials","task_16":"Consider other processes that have associated environmental costs","task_slug_16":"consider-other-processes-that-have-associated-environmental-costs","task_17":"Summarize additional target activities to reduce or eliminate environmental costs","task_slug_17":"summarize-additional-target-activities-to-reduce-or-eliminate-environmental-costs","task_18":"Summarize activities identified as targets to reduce and\/or eliminate environmental costs","task_slug_18":"summarize-activities-identified-as-targets-to-reduce-andor-eliminate-environmental-costs","task_19":"Approval:","task_slug_19":"approval-2","task_20":"Email summary report","task_slug_20":"email-summary-report","task_21":"Produce an action plan:","task_slug_21":"produce-an-action-plan","task_22":"Set targets","task_slug_22":"set-targets","task_23":"Approval:","task_slug_23":"approval-3","task_24":"Estimate cost savings and payback period","task_slug_24":"estimate-cost-savings-and-payback-period","task_25":"Enforce periodic progress reports","task_slug_25":"enforce-periodic-progress-reports","task_26":"Communicate action plan:","task_slug_26":"communicate-action-plan","task_27":"Produce a flow chart","task_slug_27":"produce-a-flow-chart","task_28":"Email targets","task_slug_28":"email-targets","task_29":"Assessment of targets:","task_slug_29":"assessment-of-targets","task_30":"Assess periodic reports","task_slug_30":"assess-periodic-reports","task_31":"Email assessment report","task_slug_31":"email-assessment-report","task_32":"Re-examine targets","task_slug_32":"reexamine-targets","task_33":"Email target failure assessment","task_slug_33":"email-target-failure-assessment","task_34":"Determine if targets have been achieved","task_slug_34":"determine-if-targets-have-been-achieved","task_35":"Approval:","task_slug_35":"approval-4","task_36":"Assess benefits:","task_slug_36":"assess-benefits","task_37":"Assess financial and environmental benefits","task_slug_37":"assess-financial-and-environmental-benefits","task_38":"Approval:","task_slug_38":"approval-5","task_39":"Email cost savings to relevant stakeholders","task_slug_39":"email-cost-savings-to-relevant-stakeholders","task_40":"Related checklists:","task_slug_40":"related-checklists","task_41":"Sources:","task_slug_41":"sources","task_42":"","task_slug_42":"","task_43":"","task_slug_43":"","task_44":"","task_slug_44":"","task_45":"","task_slug_45":"","task_46":"","task_slug_46":"","task_47":"","task_slug_47":"","task_48":"","task_slug_48":"","task_49":"","task_slug_49":"","task_50":"","task_slug_50":"","task_51":"","task_slug_51":"","task_52":"","task_slug_52":"","task_53":"","task_slug_53":"","task_54":"","task_slug_54":"","task_55":"","task_slug_55":"","task_56":"","task_slug_56":"","task_57":"","task_slug_57":"","task_58":"","task_slug_58":"","task_59":"","task_slug_59":"","task_60":"","task_slug_60":"","task_61":"","task_slug_61":"","task_62":"","task_slug_62":"","task_63":"","task_slug_63":"","task_64":"","task_slug_64":"","task_65":"","task_slug_65":"","task_66":"","task_slug_66":"","task_67":"","task_slug_67":"","task_68":"","task_slug_68":"","task_69":"","task_slug_69":"","task_70":"","task_slug_70":"","task_71":"","task_slug_71":"","task_72":"","task_slug_72":"","task_73":"","task_slug_73":"","task_74":"","task_slug_74":"","task_75":"","task_slug_75":"","task_76":"","task_slug_76":"","task_77":"","task_slug_77":"","task_78":"","task_slug_78":"","task_79":"","task_slug_79":"","task_80":"","task_slug_80":"","task_81":"","task_slug_81":"","task_82":"","task_slug_82":"","task_83":"","task_slug_83":"","task_84":"","task_slug_84":"","task_85":"","task_slug_85":"","task_86":"","task_slug_86":"","task_87":"","task_slug_87":"","task_88":"","task_slug_88":"","task_89":"","task_slug_89":"","task_90":"","task_slug_90":"","task_91":"","task_slug_91":"","task_92":"","task_slug_92":"","task_93":"","task_slug_93":"","task_94":"","task_slug_94":"","task_95":"","task_slug_95":"","task_96":"","task_slug_96":"","task_97":"","task_slug_97":"","task_98":"","task_slug_98":"","task_99":"","task_slug_99":"","footnotes":""},"categories":[6,7,20],"tags":[],"class_list":["post-17840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-miscellaneous","category-sustainability"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.process.st\/templates\/wp-json\/wp\/v2\/posts\/17840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.process.st\/templates\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.process.st\/templates\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.process.st\/templates\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.process.st\/templates\/wp-json\/wp\/v2\/comments?post=17840"}],"version-history":[{"count":0,"href":"https:\/\/www.process.st\/templates\/wp-json\/wp\/v2\/posts\/17840\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.process.st\/templates\/wp-json\/wp\/v2\/media\/17841"}],"wp:attachment":[{"href":"https:\/\/www.process.st\/templates\/wp-json\/wp\/v2\/media?parent=17840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.process.st\/templates\/wp-json\/wp\/v2\/categories?post=17840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.process.st\/templates\/wp-json\/wp\/v2\/tags?post=17840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}