Welfare-oriented Social Accounting

  • Diana EermaEmail author
  • Peter Friedrich
Part of the NPO-Management book series (NPOM)


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.


Welfare-oriented social accounting ex-post analysis bookkeeping welfare theory management applications of welfareoriented social accounting extensions of social accounting social capital 


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© Springer Fachmedien Wiesbaden GmbH 2017

Authors and Affiliations

  1. 1.LinzAustria
  2. 2.Faculty of Economics and Business AdministrationUniversity of TartuTartuEstonia

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