Tomorrow's Accounting and Society's Future
Dive into contemporary issues in social accounting, exploring accounting as a social practice, ethics in the business world, sustainability, responsible investment, public sector challenges, and more. Uncover the roles of cooperatives, family businesses, and tax in socially responsible organizations.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
You are allowed to download the files provided on this website for personal or commercial use, subject to the condition that they are used lawfully. All files are the property of their respective owners.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.
E N D
Presentation Transcript
Chapter 12 Tomorrow s Accounting and Society s Future Contemporary issues in Social Accounting
Chapter Structure Accounting as a Social and Institutional Practice Accounting, Ethics and the Business World Sustainability, Socially Responsible Investment and Social Audits Contemporary Issues of Social Accounting in the Public and Third Sectors Cooperatives, Family Business and Tax Future directions/paradigm change
Accounting as a Social and Institutional Practice Social dimensions of accounting Pervasive and enabling characteristics of accounting Accounting is a calculative practice that infiltrates the contemporary world in a myriad of diverse ways The role of accounting
Accounting, Ethics and the Business World Increased need for accountability and ethical behaviour - What is ethical? CSR in developed countries CRS in developing countries 5 dimensions
Sustainability, Socially Responsible Investment and Social Audits Triple Bottom Line (TBL) Initiatives promoting integrated thinking and sustainability strategies Gaps in the fundamentals of both the TBL and sustainability reporting Volatile future of sustainability reporting Sustainable responsible investment (SRI) Social movement audit
Contemporary Issues of Social Accounting in the Public and Third Sectors Public sector accounting - The need for public accounting Economic crisis of 2008 Third sector organisations (TSOs) - Accountability in TSOs
Cooperatives, Family Business and Tax Cooperatives and its main aim Family business and its main aim who governs , board roles and board relationships with management Tax as a core element of a socially responsible organisation
Future directions/paradigm change Gap between what organisations do, what they are willing to report, and the rights of society Globalisation: - increases international investment and trade - reduces the risk of missed investment opportunities - enables comparability Globalisation affects accounting and CSR practices and vice- versa
Future directions/paradigm change (continued) o Dimensions of Globalisation: Political Technological achievements Economic developments o Globalisation and MNCs
Future directions/paradigm change (continued) Is the existing regulation enough or not? Can accounting practice help to alleviate these cultural and political differences and facilitate greater social accountability? How can transparency be achieved if not all countries are subject to the same regulations? What implications will Brexit and the US situation have upon society? What implications will this have upon the environment and ultimately society? Can organisations use accounting as a means to alleviate potential implications of such issues?
Chapter summary Discuss the realities and myths of social accounting in relation to tomorrow s accounting and society s future Reiterate the role and importance of Accounting as a social and institutional practice Summarise the influence of globalization and political uncertainty on social accounting Assess the value of the notions of sustainability, Socially Responsible Investment and Social Audits Discuss the role of social accounting and accountability on the public sector, third sector, cooperatives and family businesses Discuss the future directions of accountability and social accounting
