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Welfare-oriented Social Accounting

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Public Sector Management in a Globalized World

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Abstract

This article highlights the methodological basis of the welfare-oriented social accounting developed by the authors. It comprises an ex-post analysis and a bookkeeping approach to determine the welfare contribution of an economic unit by using the willingness to pay approach to evaluate flows and stocks. This social accounting is demonstrated for the Faculty of Economics and Business Administration of the University of Tartu in Estonia for the year 2006. The authors show how the current social net benefit and the social capital for that year are determined. Extensions of the welfare-oriented accounting to the whole university, to a type of social benefits and social costs accounting, an assessment center accounting, a type of product unit oriented social accounting, and a shareholder oriented social accounting are discussed. Management applications for faculty are mentioned. The authors discuss the possibilities and limits of welfare-oriented social accounting as well.

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Author information

Authors and Affiliations

  1. Linz, Austria

    Diana Eerma

  2. Faculty of Economics and Business Administration, University of Tartu, Narva Road 4, Tartu, Estonia

    Prof. Dr. Peter Friedrich

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  1. Diana Eerma
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  2. Prof. Dr. Peter Friedrich
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Correspondence to Diana Eerma .

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Editors and Affiliations

  1. Institut für Public und Nonprofit Management, Johannes Kepler Universität Linz , Linz, Austria

    René Andeßner

  2. Institut für Management Accounting, Johannes Kepler Universität Linz , Linz, Austria

    Dorothea Greiling

  3. Fachbereich Sozialökonomie / Professur für Public Management, Universität Hamburg , Hamburg, Germany

    Rick Vogel

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Eerma, D., Friedrich, P. (2017). Welfare-oriented Social Accounting. In: Andeßner, R., Greiling, D., Vogel, R. (eds) Public Sector Management in a Globalized World. NPO-Management. Springer Gabler, Wiesbaden. https://doi.org/10.1007/978-3-658-16112-5_5

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