Question

Should accounting include more than monetary units? Discuss why a company's stockholders might be interested in its environmental and social performance. Next, determine the critical pieces of information companies are providing and why this information is important from the perspective of the different stakeholders.

Answer 1

Should accounting include more than monetary units? Discuss why a company's stockholders might be interested in its environmental and social performance. Next, determine the critical pieces of information companies are providing and why this information is important from the perspective of the different stakeholders

Answer:-

To the extent my insight concerned; organizations endeavor to address the difficulty of estimating and announcing their commitments to the general public through the idea of ' Corporate Social Responsibility' which features the issue of " organizations and society are thusly profited and there is an obligation with respect to the organization to dispense some part of their benefits by the method for reusing the squanders, diminishing the contamination, training software engineers and so on. towards the development of the society- this is one of the areas which instances accounting includes more than monetary terms. Stock holders interest in company's ecological and social performance is that they are part of the society and as the owners of the company;

it is their duty to watch the dynamic cooperation of the organization to the welfare of the general public. Organizations would require to unveil all the related data whether money related or not and even every one of the costs and misfortunes they went over amid the procedure.

Different stake holders would view it from different point of view i.e.; as a growth factor; for investing into the company; for giving credit to the company etc.

   please do rate my answer...…...