The Role of Management Accounting in Promoting Sustainable Practices in Peru

Abstract

This research explores how management accounting can promote sustainable practices among Peruvian businesses. It focuses on the adoption of eco-friendly accounting methods and their effects on corporate sustainability. The study employs a qualitative approach, conducting interviews and focus groups with accounting professionals and business leaders. Findings indicate that management accounting plays a crucial role in decision-making processes that prioritize sustainability. Key challenges identified include resistance to change and the need for training in sustainable accounting practices. The paper proposes a model for integrating sustainability into management accounting frameworks, emphasizing the importance of leadership commitment and stakeholder engagement. This research contributes to the understanding of how management accounting can drive sustainable development in emerging economies.