A SOCIAL RESPONSIBILITY APPROACH TO CORPORATE FINANCIAL REPORTING
A SOCIAL RESPONSIBILITY APPROACH TO CORPORATE FINANCIAL REPORTING
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Date
1988-04
Authors
SALIHU, Zakari Aminu
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Abstract
A contemporary topical issue in accounting is the interrelationship
between business and the society. Hitherto, most
management experts believed that the main, if not the sole
objective of a business enterprise was to maximise profit. This
assertion is, however, no longer a universally accepted view.
Rather than seeking to maximise profit for its stockholders, the
modern corporation should be one that aims at generating an
optimum level of profit while at the same time, discharging its
responsibilities to all 'stakeholders'.
The research work was aimed at empirically determining the
relevance and desirability of adopting a 'general user' approach
to the accounting task of corporate financial reporting. The
premise is that published financial reports are at present too
constrained in scope and format to adequately reflect on the
activities of business corporations.
The research procedure was evaluative and involved the
analysis and evaluation of both primary (questionnaire responses)
and secondary (published financial reports) sources of data. It
was established that the criteria for socially-responsive
financial reporting should be relevance to user requirements,
neutrality in the face of diverse interests, understandability by
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the audience and completeness in content. The findings have
revealed that there exists the need and opportunity for expanding
the scope of the conventional accounting reports to reflect the
needs of their diverse audience.
Description
A Dissertation submitted to the
Post-Graduate School,
AHMADU BELLO UNIVERSITY, ZARIA
In partial fulfillment of the Requirements
for the Degree of
MASTER OF SCIENCE
(Accounting and Finance)
April, 1988
Keywords
A SOCIAL,, RESPONSIBILITY,, CORPORATE,, FINANCIAL