Essay on social responsibility accounting

Businesses do not exist in isolation of their immediate community and beyond, they create products and services to serve their needs for the purpose of profit making. However, as they carry out their industrial and commercial activities for profit making the need to inculcate a sound Corporate Social Responsibility CSR in their core business strategy has become critical to their long term sustainability and commercial success. This has become even more imperative with the growing sophistication and demands of consumers in Western countries like the United Kingdom UK for brands that are socially and environmentally responsible for without which their continued patronage may be stalled. The COP21 Global Environmental summit held in Paris in Novemberwhich brought together politicians, scientists, investors, numerous non-governmental organizations and many others, clearly indicate the urgency in reversing the long years of environmental despoliation that the global environment has been subjected to with much of it caused by industrial pollutions of business entities.

Essay on social responsibility accounting

Corporate Social Responsibility Corporate Social Responsibility Worldcom scandal is one of the worst corporate accounting scandals of all time Ackman, The movie about the bankruptcy of Woldcom Hennig, showed that the fraud was accomplished by the accounting department, which understated expenses 'line costs' by capitalizing them.

Accounting methods were used to mask its declining financial condition by falsely professing financial growth and profitability to increase the price of WorldCom's stock J, He was found guilty of charges and was convicted for charges and sentenced to 25 years in prison.

The role of management in this case was really notable and questionable in my opinion. My assumption is that management did not act ethically. Note that the Woldcom case will not be discussed in more detail in this chapter or other chapters.

This should be seen on a larger scale: Switching from my personal experiences to theory, Corporate Social Responsibility, which is defined by the European Commissionp5 as a concept by which ''companies decide voluntarily to contribute to a better society and a cleaner environment' by ''going beyond compliance and investing 'more' into human capital, the environment and the relations with stakeholders'' p.

It requires awareness and commitment Sethi, ; Pedersen, for bringing social and environmental improvements. In many defininitions provided by various scholars, the role of management has been emphasised. CSR is the result of the Essay on social responsibility accounting action values and action of management Hemingway and Maclagan, rather then just a result of corporate policy.

Literature has suggested that corporate social responsibilities are widely driven by the personal values of the managers in a decision making position Hemingway and Maclagan, According to Finklestein and HambrickCSR is partially the product of managerial decisions and discretion Waldman et al.

Managers have the responsibility towards the implementation of the CSR Agle et al. The formal adoption of CSR by corporations may be associated with the changing personal values of managers.

If values operating at an industry level, as well as personal level values are researched, then our understanding of CSR can be enhanced Hemingway, InHemingway quotes from Harrison Managers may provide misleading information regarding the firm's financial in pursuit of individual stakeholder benefit.

As different stakeholders have their own interest, management may act to satisfy the interest of the particular stakeholder and make policies improving firms CSR Prior et al.

InRemisova and Lasakova stated that factors like responsible managerial behaviour and decision-making, examples managers set for others in the company, their moral integrity, ethical leadership style, and conscious management of employee ethical behavior delineate the conditions for effective CSR operations.

Essay title: Social Responsibility Accounting and Sustainable Development

By considering how management behaves differently toward the implementation of CSR, managers will have better understanding on CSR and improve their decision-making on CSR. This research examines whether or not management behaviour has effects on corporate social responsibility behaviour.

This research paper concentrates on the influence of management behavior on CSR behavior in large companies for the following reasons.

Essay on social responsibility accounting

First of all, top management has to be made aware about the strategic importance of the CSR Ven and Graafland, for its effective implementation.

From the theory of the firm's perspective, management should be more concerned in maximizing shareholders' value Hemingway, ; McWilliams and Siegel, From this point of view, CSR is a management response towards the competitive environment along with the demands on managers from various stakeholder groups Hemingway, Secondly, a decade ago, management of companies were not much focused on CSR communication Arvidsson, ; Bukh et al.

With the change in economic environment the focus towards CSR is increasing in corporate communication Arvidsson, With the rising importance of the CSR, the real meaning of the CSR becomes confusing and misunderstandings are being created around it Leonidas et al.

One can say that these misconceptions arise due to inconsistencies in developing academic debates about not only CSR but also on Corporate Governance and Corporate treatment of stakeholders Corporate citizenship.

It is the process of systematically monitoring and addressing the demand of different stakeholder groups Lindgreen et al. Prior et al agreed with Castelo and Lima that CSR is related to ethical and moral issues concerning corporate decision-making and behaviour.

Thirdly, engaging in CSR is proved to be beneficial for larger firms Godfrey et al. This is the reason why this research paper focuses on how management behaviour affect CSR behaviour in large companies.

This free Business essay on Corporate social responsibility is perfect for Business students to use as an example. - The Social Responsibility of a Software Engineer Abstraction: The social responsibility is one of important responsibilities defined by ACM in its ethic codes for software engineer. Compare to other responsibilities, social responsibility is more remote and ambiguous. Critical Reflection On Corporate Social Responsibility Projects Accounting Essay. Print Reference this of view of the CSR projects which companies are increasingly launching with the global emerging trend of corporate social responsibility in the business world today. Accounting Essay Writing Service Essays More Accounting Essays. We.

In this thesis, I define large companies as quoted companies on a stock exchange. Finally, Hemingway quoted from Maclagan that key individuals will be instrumental in formulating and implementing companies' CSR policy: Based on this conclusion, this research analyses the influence of management behaviour on CSR behaviour in large companies.

Among them management has the foremost influence in the CSR behaviour of the company as they are in a position to make key decision affecting the company.

Corporate social responsibility - Essay UK Free Essay Database

It is crucial to understand what influence the management behaviour has and how it affects the CSR behaviour of the company. Therefore, to clarify the relationship between management behaviour and CSR, this research is guided by the main research question, which has been conceived as follows: In order to answer the main research question, further questions need to be asked to get the information on important aspects of the research question.Social Responsibility Accounting and Sustainable Development Introduction Social responsibility accounting is a concept that has gained an increasing amount of attention over the past thirty years.

Essays; Benefits of Responsibility Accounting; Benefits of Responsibility Accounting. Benefits of Responsibility Accounting. or any similar topic specifically for you.

Essay on social responsibility accounting

Do Not Waste Manage health and social care practice to ensure positive outcomes for individuals;. This free Business essay on Corporate social responsibility is perfect for Business students to use as an example. Corporate Social Responsibility. Worldcom scandal is one of the worst corporate accounting scandals of all time (Ackman, ).

The movie about the bankruptcy of Woldcom (Hennig, ) showed that the fraud was accomplished by the accounting department, which understated expenses ('line costs') by capitalizing them. Social Responsibility Accounting and Sustainable Development Introduction Social responsibility accounting is a concept that has gained an increasing amount of attention over the past thirty years.

- The Social Responsibility of a Software Engineer Abstraction: The social responsibility is one of important responsibilities defined by ACM in its ethic codes for software engineer. Compare to other responsibilities, social responsibility is more remote and ambiguous.

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