Social responsibility accounting, Accounting Basics

Social Responsibility Accounting:

Social responsibility accounting is a modern phase in the development of accounting and owes its birth to rising social awareness that has been mainly noticeable over the last two decades or accordingly. Social responsibility accounting widens the scope of accounting through considering the social results of business decisions; additionally to the economic consequences. Numerous social scientists, social workers and statesmen in the whole world have been drawing the attention of their the people and governments in their countries  to  the  dangers  posed  to  ecology  and  environment  through  the  unbridled industrial development. The task of business in  society is  increasingly coming in greater scrutiny. A management is being held responsible not merely for efficient ways of business as illustrated in profitability, although also for what this contributes to social fine being and progress. There is a growing feeling as the ideas of growth and profit like measured in traditional income statements and balance sheets are as well narrow to reflect the social duty aspects of a business.

Posted Date: 4/2/2013 6:51:34 AM | Location : United States







Related Discussions:- Social responsibility accounting, Assignment Help, Ask Question on Social responsibility accounting, Get Answer, Expert's Help, Social responsibility accounting Discussions

Write discussion on Social responsibility accounting
Your posts are moderated
Related Questions
Q. Explain Periodicity assumption of accounting? As-per to the periodicity (time periods) assumption accountants divide an entity's life into months or years to report its econ

Hi I need a quote for an assingment. How do I submit it to you?

Personal Account is an account for use by an individual for their own requirements. It is a relative term to distinguish the said accounts from those accounts for corporate or busi

Which statements about marginal costing are correct? 1. The marginal cost of a product involves an allowance for fixed overheads. 2. The marginal cost of a product presents t

Has accounting become too interesting? In recent years, accounting has become front-page news and has been a key talking point among those connected with world of business. Reg

Market determines are useful for analyzing publicly traded corporations. Many of these calculates use stock price, which reflects the market's (public's) expectation for the compan


Social Responsibility Accounting: Social responsibility accounting is a modern phase in the development of accounting and owes its birth to rising social awareness that has be

1. Listed below are account balances taken from the adjusted trial balance of XYZ Inc. as of December 31, 2012.   Credit Account

Cargin Company uses the FIFO method in its process costing system. The Assembly Department started the month with 15,000 units in its beginning work in process inventory that were