Social Accounting

  • Laurie MookEmail author
  • Rodney Machokoto
Living reference work entry

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DOI: https://doi.org/10.1007/978-3-319-31816-5_2780-2

Synonyms

Definitions

Social accounting broadens the framework of conventional accounting with the goal of understanding the impact an organization has on its stakeholders. The effects of an organization included in social accounting typically include financial, social, and environmental dimensions. By taking a stakeholder approach, social accounting emphasizes the collective effort needed to run an organization and the multiple stakeholders impacted by its efforts.

Introduction

Compared to traditional accounting, social accounting is a relatively new concept. It refers to the inclusion of a wider range of factors in the accounting model than just financial information. Social accounting typically captures the positive and negative impacts of an organization on the economy, society, and environment. Social accounting can be supplemental to the financial statements when it is presented in a separate report,...

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References

  1. Global Reporting Initiative (GRI) (2016) About sustainability reporting. Retrieved from: https://www.globalreporting.org/information/sustainability-reporting/Pages/default.aspx\
  2. IIRC (2013) The International Integrated Reporting Framework. Available at: http://integratedreporting.org/resource/international-ir-framework/
  3. Independent Sector (2016) The Value of Volunteer Time. Available at: http://independentsector.org/resource/the-value-of-volunteer-time/
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  6. Mook L (2007) Social and environmental accounting: the expanded value added statement, Doctoral dissertation, University of Toronto, TorontoGoogle Scholar
  7. Mook L (2013) Social accounting for the social economy. In: Mook L (ed) Accounting for social value. University of Toronto Press, Toronto, pp 5–28CrossRefGoogle Scholar
  8. Mook L, Pstross M (2013) Social accounting: lessons learned for the road ahead. In: Mook L (ed) Accounting for social value. University of Toronto Press, Toronto, pp 249–259CrossRefGoogle Scholar
  9. Mook L, Quarter J, Richmond BJ (2007) What counts: social accounting for non-profits and cooperatives, 2nd edn. Sigel Press, LondonGoogle Scholar
  10. Mook L, Maiorano J, Ryan S, Armstrong A, Quarter J (2015) Turning social return on investment on its head: the stakeholder impact statement. Nonprofit Management & Leadership 26(2):229–246CrossRefGoogle Scholar

Copyright information

© Springer Nature Switzerland AG 2020

Authors and Affiliations

  1. 1.Arizona State UniversityTempeUSA