Question

Bebbington and Unerman (2018) propose that professional and academic (research focused) accounting can advance the pursuit of the United Nation’s Sustainable Development Goals (SDGs). Discuss this argument.

You may like to draw on the meaning of sustainable development and social accounting; knowledge/comparisons with traditional forms of accounting; and use examples.

Answer 1

Sustainable Development Goals (SDGs)

The Sustainable Development are a goals of 17 global to achieve the sustainable future for all. There are 17 goals interconnected all around the world relate to the poverty, unemployment, inequalities of income and wealth, hunger, health, education, global challenges environmental degradation, climate change all are taken to sort out the issue and resolve by the 2030 globally.

According to the new report of the Associations of International Certified Professional Accountant, business have a greater role to play in delivering and contributions will include working with the stakeholder, creating jobs in the environment, close access to healthcare, innovating new technologies and proper use of the energy and water for the development and also ao achieve the goals setting programmed.

Normally, SDGs are set up to uplift the goals and the accountant are made policies at all the levels and the primary tasks are:

-it is the duty and obligation of the accountant to encouraging businesses to meet the SDGs goals through the requirement of innovative technologies and with the capabilities.

-more emphasis are given to the value chain by th emphasis on ethical behavior

-take effort to implementing policy more tightly than ever before so that goals which are set up achieve as per time bound manner.

-efforts are made to formation of the strategies partnerships.

-main emphasis are given on the six factors which are human, social, integrated reporting relationship, intellectual, natural, manufacturing and the financial matters so that SDGs aims are to be achieved.

So, it is duty of the employers to give more close look upon the matters which help to achieve the target of SDGs goals within the time frame and with quality.

Social Accounting

Social accounting is the role of communicating the social and environment effect of an organization's for the particular interest groups within the society and also considered society at large scale.

The main function of Social responsibility accounting is to analysis and measure and also disclose the ‘costs’ and ‘benefits’ which is (CBA) to the society made by the production department of a business enterprise.

This  include the product and quality improvement, fair business practices, human resources, environment, and community involvement so that target can be achieved.

Social accounting can offer to an organization under which method of organizing and examining both performance and its effects on people, communities and also on the environment. Customers can also be involved with the social accounting process and thereby feedback help to the their perspectives into the organization’s planning and measurement process for the future.

It also helps in attracting new investors for attraction and to boost in the company’s image. It serves the purpose of providing an ongoing record of how an enterprise or company has developed and its subsequent changes over time. It also helps the organization to get feedback from on how things are going from the range of people involved in the organization.

Social accounting also helps the organization or company to make a clear picture or identify the areas where things are working well or not. It helps in attracting more capital inflow from various resources into the company for achieving the target of the plans of SDGs.

Social accounting also helps in the generation of clean and renewable energy from the environment. It helps the company with positive publicity. Social responsibility accounting is a commitment to improvement, managing the business process to produce an overall positive impact on the society.

in the traditional form of accounting all such matters related to te accounting are sort just by individual firms itself not considering pools and effort are taken for short term planning and achieve the goals individually so more problem arises but due to SDGs and the social accounting total change the accounting practice concepts and business not changer but also working concept also alter and vies concept totally different. for the businesses and also for the global with that not only people but firms , government all are get benefited.