Problem:

Social accounting is a manner of measuring and reporting on the organisation’s social and ethical performance. It is principally concerned with offering the complementary form of accounting as an alternative to dominant economic and profit-orientated emphasis of companies.

Required:

problem1. Illustrate the meaning of social accounting.

problem2. Illustrate four major aims of social accounting.

problem3. Illustrate how society is seen to benefit from implementing a social approach to accounting

problem4. What are the needs an organisation wants to satisfy through the procedure of social accounting?

problem5. State all three indispensable features of social accounting which discriminate it from traditional accounting.