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

Summary of significant accounting policies, Q. Summary of significant accou...

Q. Summary of significant accounting policies? As part of their annual reports companies comprise summaries of significant accounting policies. These policies help users in int

Show money measurement, Accountants frequently cite the going-concern assum...

Accountants frequently cite the going-concern assumption to justify using historical costs rather than market values in measuring assets. Market values are of less implication to a

Accounting , Jim owns and manages a small business, which provides an offic...

Jim owns and manages a small business, which provides an office design service, as well as buying and selling office furniture. Jim is a sole trader who manages all aspects of the

The major difference in the statement of retained earnings, The major diffe...

The major difference in the statement of retained earnings between a service business and a  Merchandising business is  A. that the retained earnings statement of a merchandisi

What is accrued expenses, Q. What is Accrued expenses? Accrued expenses,...

Q. What is Accrued expenses? Accrued expenses, accruals -- an expense that has been incurred though not yet paid for.Salaries are a good instance. Employees earn or accrue salar

Classified income statement, Classified income statement It is more inv...

Classified income statement It is more involved for a merchandising business to conclude net loss or net income. Income statement is categorized into sections: 1.  Revenue

Financial documents, when discrepancies occured on financial documents,what...

when discrepancies occured on financial documents,what consequences will arise?

What are fixed asset, Fixed asset are assets which provides the business fu...

Fixed asset are assets which provides the business future benefit Fixed assets are those which are tangible in nature and is not meant for sale in the near future and from whi

In june 2011, In June 2011,Kelly purchased new equipment for $26000 to be u...

In June 2011,Kelly purchased new equipment for $26000 to be used in her business.Assuming Kelly has net income from her business of $75000 prior to the deduction,what is the maximu

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