CORPORATE SOCIAL RESPONSIBILITY ACCOUNTING PRACTICES
CORPORATE SOCIAL RESPONSIBILITY ACCOUNTING PRACTICES
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Date
1998-08
Authors
GODWIN IDOKO, OBEYA,
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Abstract
Corporate social responsibility is a new dimension of the ever-widening sphere of
management theory and practice. Since the conceptualization of the modern business
enterprise as an institution with social responsibilities, corporate involvement in social
programmes have become a common phenomenon. Accounting theory and practice are
not left behind in these development. Corporate social responsibility accounting, similarly,
is a new dimension in accounting theory and practice.
One unique feature in accounting development is the progressive interdependence between
the theory and practice of accounting. In other words, theory originating from practice
and afterwards improving practice. Hence, this study is a systematic evaluation of
corporate social responsibility accounting practices in the absence of a unified theory on
it in order to assess the possibility of formulating one.
The study is therefore aimed at:
i) determining how social responsibility expenditures are accounted for and their
disclosure in the annual reports and financial statements;
ii) determining the extent and pattern of involvement in social responsibility
programmes by companies;
iii) determining the impact of legislation on social responsibility accounting practices
and
iv) determining the adequacy or otherwise of existing practices of accounting for
corporate social responsibility performance.
The study involves the content analysis of annual reports and financial statements of 90
IK
listed companies and limited interviews with professional accountants
The study found that current accounting practices for corporate social responsibility are
inadequate for in the light of existing theories. It therefore sought modification to the
value-added statement, and the method of valuing goodwill
Description
A Thesis Presented to the Post-Graduate School, Ahmadu Bello University, Zaria
in partial fulfilment of the requirements for the Degree of MASTER OF SCIENCE
(Accounting and Finance).
August 1998
Keywords
CORPORATE,, SOCIAL,, RESPONSIBILITY,, ACCOUNTING,, PRACTICES: