Podcast
Questions and Answers
What is another name for social accounting?
What is another name for social accounting?
- Social and environmental accounting (correct)
- Critical accounting
- Financial accounting
- Public interest accounting
In what context is social accounting commonly used?
In what context is social accounting commonly used?
- Business or corporate social responsibility (CSR) (correct)
- Charities
- Non-governmental organizations (NGOs)
- Public interest accounting
What does social accounting emphasize?
What does social accounting emphasize?
- Corporate accountability (correct)
- Financial reporting
- Government agency monitoring
- Public interest accounting
With what can social accounting be used in conjunction?
With what can social accounting be used in conjunction?
Which type of organizations may engage in social accounting?
Which type of organizations may engage in social accounting?
Flashcards
Social Accounting
Social Accounting
The practice of measuring and reporting a company's social and environmental impact.
Corporate Social Responsibility (CSR)
Corporate Social Responsibility (CSR)
The responsibility of businesses to consider their impact on society and the environment.
Corporate Accountability
Corporate Accountability
The idea that companies should be accountable for their actions and their impact on society.
Community-Based Monitoring (CBM)
Community-Based Monitoring (CBM)
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NGOs, Charities, and Government Agencies
NGOs, Charities, and Government Agencies
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Study Notes
Social Accounting
- Social accounting is also known as social responsibility reporting.
- Social accounting is a key area for companies in particular industries or sectors which impacts society heavily such as the extractive industries.
- Social accounting emphasizes reporting on a company's social and environmental performance alongside its financial performance.
- Social accounting can be used in conjunction with triple bottom line reporting (TBL).
- A range of different business organizations may engage in social accounting, from multinational corporations to small and medium-sized enterprises (SMEs).
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