Q.4 What are the main goals of social accounting ? सामाजिक लेखांकन के प्रमुख लक्ष्य क्या हैं?
Ans: Objectives and Scope of Social Accounting
- The main goals of social accounting are to assist society by having businesses provide various
services and keeping track of them. The following are some of them:
- Efficient use of natural resources: The primary goal of social accounting is to identify whether or not a corporation is properly utilizing its natural resources.
- Employee assistance: Determine whether the company can assist employees by offering educational opportunities for their children, offering free transportation, and offering decent working circumstances.
Contribution to society: Industry pollutes the environment, which is extremely detrimental to society. As a result, it must determine whether the company can benefit society by planting trees, creating new parks in factory zones, and even developing new clinics.
- Customer service: In social accounting, this refers to the portion of a firm’s advantages to society, such as if the company provides good quality goods at a reasonable price.
- Investor assistance: Determine whether the Company assists investors by providing honest accounting information, as many objectives are tied to natural resource preservation.
| Source : IGNOU PDF : Page Number : 214 |
| Extra Info : Need for Social Accounting Only a few public-sector firms use social accounting. In India, there is a rising need for social accounting for;The management complies with its social responsibilities and educates its members, the government, and the general public.The business must meet specific legal duties, such as social security duties and welfare measures, among others. Through social accounting, the management informs the public and the government about its efforts in this area.Management receives feedback on its efforts and policies aimed at improving society’s wellbeing.From the standpoint of public interest groups, social organizations, investors, and government entities, social accounting is also required.The corporation demonstrates that it is not socially unjust in light of moral, cultural, and environmental degradation through social accounting. |