S
Strategic CSR & Social Accounting
Introductions
This page will discuss the introductory information to the project, including:
- Background Information
- My position
- Definitions
Background Information

In general, the purpose of accounting is to provide important information—mostly financial in nature—that is key to different types of decision making. Financial accounting specifically is concerned with providing information to external parties about a company’s performance for decision making, which does not consider all stakeholders. However, it is a science and an art at the same time. Therefore, there must be a way to consider all stakeholders. My research will respond to this dilemma. It will attempt to justify or disprove my position to the subject. To do this, I will compare various reports published by different corporations that now try to incorporate strategic CSR to reports prior to incorporating the strategic CSR.
My Position

How do businesses balance social concerns against the need to create value for its shareholders? I think that participating in strategic CSR is the way to consider all stakeholders in the most efficient way, which can be measured by social accounting, which is strategic CSR at the departmental level. In essence, social and environmental issues are nothing new, but what is new is they’re place on political and business agendas (Bebbington, Collison, & Gray, 1997). Additionally, consumers continue to move toward a unified demand and have significantly increased the demand for CSR. Accounting does not have to be concerned only with a company’s bottom line. In this day and age, businesses are not just economic entities and their overall success or failure is not reliant on and captured by the accounting numbers and bottom line (Beggington, Collison, & Gray, 1997). It is the expression and application of the human creative skill and imagination—the art—that will make this possible (Oxford University Press, 2014).
Definitions

This section will detail the definitions of critical key words as they relate specifically to this paper and my interpretation.
To view the definitions, please click "next" below.
