Over the next seven years RCA was refined and validated through practical case studies, industry journal publications, and other research papers.
In 2008, a group of interested academics and practitioners established the RCA Institute[2] to introduce Resource Consumption Accounting to the marketplace and raise the standard of management accounting knowledge by encouraging disciplined practices.
By July 2009, Professional Accountants in Business (PAIB)[3] Committee of International Federation of Accountants (IFAC), recognized Resource Consumption Accounting in the International Good Practice Guidance (IGPG) publication called Evaluating and Improving Costing in Organizations [4] and its companion document, Evaluating the Costing Journey: A Costing Levels Continuum Maturity Model.
"Resource Consumption Accounting was also recognized in a Sustainability Framework Report issued by the International Federation of Accountants (IFAC), for having the capability of helping organizations "improve their understanding of environmental (and social) costs through their costing systems and models".
[13] The goals of the RCA Institute, in promoting the acquisition of knowledge and skills to apply RCA, include the following: This annotated bibliography provides more information for recommended reading and some guidance on how to get the most out of the information that is there.