ABSTRACT
This chapter describes management accounting and control (MAC) for sustainability. Compared to the external (or financial) accounting perspective, which primarily focuses on the needs of external stakeholders, MAC is about an internal perspective that is primarily aimed at the provision and use of information to managers within the organizations to make informed business decisions and assist in the formulation and implementation of an organization’s strategy. The chapter therefore describes how to design a MAC system for sustainability. This designing is first and foremost illustrated in four steps, where step three is about planning, implementing, following up and adapting the business in relation to sustainability goals and strategies. This step is the main area of MAC and is therefore broken down into four sub-steps, which are described more in detail in the chapter. A critical reflection on the similarities and differences that exist between traditional MAC and what MAC for sustainability is, and what this means for the ‘role of management accountants’, concludes the chapter.
