Social responsibility accounting, Accounting Basics

Assignment Help:

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.


Related Discussions:- Social responsibility accounting

Difference between debenture holders and creditors?, Debenture holder are t...

Debenture holder are those who gives long term loan at specific interest rate in term of cas. Creditor gives only short term credit in term of cash for purchasing of goods.

Concept of ''fund'' , Concept of 'Fund' :  The word 'Fund' has a range ...

Concept of 'Fund' :  The word 'Fund' has a range of meanings. several people take it identical to cash and for them, there is no dissimilarity between Cash Flow and Funds Flow

Determine statement that indicate manufacturing diversity, Examine each of ...

Examine each of the items listed below to determine which items include statements that 3) would indicate that manufacturing diversity exists. Required: Label the items that inc

Accounts, “Ledger is said to be the principal book entry and the transactio...

“Ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account.” Elaborate and explain why journal is necessary.

Determining needed adjustments, Determining needed adjustments Adjustme...

Determining needed adjustments Adjustments are required since certain changes take place during the accounting period. As time passes, although, the value of the asset is consu

Heww inc., Heww Inc., issued a $50,000, 10 year bond with a stated interes...

Heww Inc., issued a $50,000, 10 year bond with a stated interest rate of 6%. Assume interest payments are made semi-annually. What is the selling price of the bond if the mark

Explain the accounting concepts, Question 1 Write a short note on the foll...

Question 1 Write a short note on the following with example a. Activating budgets b. Reversing journals c. Memorandum vouchers d. Optional vouchers e. Creating Bill of Materials

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