What is Social Accounting?

Social Accounting, also known as Social and Environmental Accounting, is a term used to describe the measurement, analysis, and disclosure of the social and environmental impacts of an organization’s activities. It is a process of accounting for the environmental and social costs and benefits associated with a company’s activities, products, and services. The purpose of social accounting is to provide a comprehensive and accurate picture of a company’s overall social and environmental performance.

Types of Social Accounting

Social accounting can be categorized into four main types: financial accounting, social and environmental accounting, sustainability accounting, and integrated reporting.

Financial Accounting

Financial accounting is the traditional form of accounting that focuses on financial transactions and financial statements. This type of accounting is used to measure and report on financial performance.

Social and Environmental Accounting

Social and environmental accounting is a type of accounting that focuses on the social and environmental impacts of an organization’s activities. It is used to measure and report on the social and environmental performance of an organization.

Sustainability Accounting

Sustainability accounting is a type of accounting that focuses on the economic, environmental, and social costs and benefits associated with an organization’s activities. It is used to measure and report on the sustainability performance of an organization.

Integrated Reporting

Integrated reporting is a type of accounting that combines financial and non-financial information into one comprehensive report. This type of accounting is used to measure and report on the overall performance of an organization.

Related Questions

  • What is the purpose of Social Accounting?
  • What are the different types of Social Accounting?
  • What is Financial Accounting?
  • What is Social and Environmental Accounting?
  • What is Sustainability Accounting?
  • What is Integrated Reporting?
  • How is Social Accounting used?
  • What are the benefits of Social Accounting?
  • What are the challenges of Social Accounting?
  • What is the future of Social Accounting?