Should accountants actions promote social responsibility? why or why not?

Solutions

Expert Solution

Accountant is the one who does all the accounting tasks of any company/firm. He carries out all the business related accounting i.e notes down all the expenses, incomes, and other notes to accounts in the form of financial statements.
Accountant is the sole person responsible for accounts and is actions should promote social responsibility.

Social responsibility : can be defined as the responsibility of the organisation towards the society. It can also be said that every organisation have a responsibility towards the society and this responsibility is known as social responsibility.

Any Company/Organisation showing Social Responsibility in its financial statements is more likely to receive favour from society.
The company will have less interventions from the government authorities.
Any company's action promoting social responsibility it will achieve good market image.

So, in this context Accountants actions must promote social responsibility.

ekkarill92 answered 10 months ago

Next > < Previous

Related Solutions

What does social responsibility mean to a company? Why is social responsibility important? Why should your...

What does social responsibility mean to a company? Why is social responsibility important? Why should your department (marketing) be interested in it?

Why is social responsibility important to a business?

Question 2 Corporate social responsibility (CSR) as actions of an organization that are targeted towards the...

Question 2 Corporate social responsibility (CSR) as actions of an organization that are targeted towards the achievement of a social benefit over and above maximizing profits for its shareholders and meeting all its legal obligations. Deciding how to communicate CSR can be difficult. (a) Discuss FOUR (4) the driving forces behind corporate social responsibility (CSR). (b) Describe TWO (2) types of corporate social responsibility (CSR). Provide ONE (1) example for each types of CSR.

Select Organizations that promote Corporate social responsibility (CSR) and answer these: •What are the CSR initiatives...

Select Organizations that promote Corporate social responsibility (CSR) and answer these: •What are the CSR initiatives the organizations are taking? •What CSR strategies are they using? •The four dimensions of CSR, how do the CSR strategies connect with them? •What are the benefits? •What are the likely disadvantages or risks to these CSR initiatives •Are the organizations considering other CSR initiatives?

Explain corporate social responsibility and why some CEOs of large corporations are engaging in social responsibility...

Explain corporate social responsibility and why some CEOs of large corporations are engaging in social responsibility regardless of the ethical outcomes?

Why do some corporations and their management oppose corporate social responsibility? Social responsibility is interpreted in...

Why do some corporations and their management oppose corporate social responsibility? Social responsibility is interpreted in many ways. State your understanding of corporate social responsibility.

Question