Meaning of social accounting, Accounting Basics

Assignment Help:

Question

Social accounting is a way of calculating and reporting on an organisation's ethical and social performance. It is principally concerned with offering a complementary form of accounting as an alternative to the dominant economic and profit-orientated emphasis of companies.

Required:

(a) Describe the meaning of social accounting.

(b) Explain four main aims of social accounting

(c) Describe how society is seen to benefit from implementing a social approach to accounting

(d) What are the needs an organisation wants to satisfy through the process of social accounting?

(e) State three essential features of social accounting which distinguish it from traditional accounting.


Related Discussions:- Meaning of social accounting

After the accounts are adjusted and closed at the end, After the accounts a...

After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $673,400, and Allowance for Doubtful Accounts has a balance of $11,90

Prepare a narrative describing the transaction cycle process, Assignment: ...

Assignment: This assignment will be to describe and document the internal controls over a transaction cycle at a local business. A transaction cycle could be the sales process,

Learning objectives of inventory turnover ratio, Q. Learning objectives of ...

Q. Learning objectives of inventory turnover ratio? - Net income for an accounting period depends straight on the valuation of ending inventory. - If the ending inventory is

Lifo under periodic inventory procedure, Q. LIFO under periodic inventory p...

Q. LIFO under periodic inventory procedure? The LIFO (last-in, firstout) method of inventory costing presume that the costs of the most recent purchases are the first costs cha

Example of electronic spreadsheets, Q. Example of Electronic spreadsheets? ...

Q. Example of Electronic spreadsheets? Electronic spreadsheets have many applications in accounting. An electronic spreadsheet is basically a large blank page that contains row

What are the ratio trends, Profitability refers to a company's ability to o...

Profitability refers to a company's ability to obtain  profits and positive cash flows and to its ability to obtain an adequate return on invested capital or a company's ability to

Example of horizontal analysis, Q. Example of horizontal analysis? Seve...

Q. Example of horizontal analysis? Several companies have been restructuring their organizations and reducing the number of employees to cut expenses. AT&T, General Motors, IBM

Needs the entries for the following scenarios, Needs the entries for the fo...

Needs the entries for the following scenarios: Capital accounts as follows : Mason ; 90,000 Jiri; 30,000 James; 60,000 a) Frank pays mason 25,000 for 20% of masons interest i

Provision for taxation and proposed dividend in fund flow, Treatment of Pro...

Treatment of Provision for Taxation and Proposed Dividend: As preparing the Funds Flow Analysis, the treatment of condition for Taxation and planned Dividend is very significa

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd