Improving production efficiency and reducing ecological impact are common tasks facing modern enterprises. Environmental Management Accounting (EMA) uses accounting tools and practices to support internal management decision-making on environmental issues and its impact on corporate performance. MFCA is one of the EMA tools developed for environmentally friendly and cost-effective material use in order to better understand the potential role of MFCA. Based on the domestic and international theoretical literature, this paper links the conceptual development of MFCA and EMA to identify additional decision-making and decision-makers and discusses the potential benefits of extending MFCA, trying hard for China's enterprises to carry out MFCA decision-making support to play a better role, and providing an operable path.