Home  Journals  International Accounting  27(273) - 2013 July

Social responsibility of business: reflection in statement

Available online: 22 July 2013

Subject Heading: REFORMING of REPORTING

JEL Classification: 

In connection with active participation of companies in various social programs the problem of reflecting social responsibility in the accounting system has become of primary importance. An attempt has been made in terms of answering the followings questions concerning social responsibility, i.e. whether a business can be socially responsible; how reporting is used in social responsibility, whether it is possible to trust data presented in statements and information communicated through these statements to large-scale enterprises. It is concluded: social corporate reporting is compiled by large companies mainly for gaining trust with their customers, promoting their products on the market, which in its turn leads to the maximization of profits.

Keywords: social responsibility of business, reporting, social reporting

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ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

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