proposal
CHAPTER ONE
INTROUDACTION
1.1Introduction:
Corporate Social Responsibility is one of the most negotiated topics in the business and accounting world .Many academics, professionals and most of the lay observers would agree that. Corporate Social Responsibility was defined by people in different ways.However, there is no specific standard to define CSR as it¡¦s a voluntary act and organizations are not obligated to do CSR.
Corporate Social Responsibility (CSR) disclosure plays a very important role in the accounting
World as well as for the users of the accounting information provided by the accountant such as stoke and stakeholders .The disclosure of CSR involves many more than just reporting the finicalstatments that shows the regular financial position for the firm .
Many companies use their social activities as a tool to gaining consumers, increased long run profitability, increase the company ability to attract better managerial capacity as well as to enhanced goodwill and reputation.
That can be achieved by attaching and involving of the social elements for the company¡¦s performance .
This kind of financial disclosure reports will give all the financial report users from creditors and debtors to the government groups and the shareholders, therefore the focus of the annual report will be change form wealth maximization to a new generation of annual reports .
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As there are many beneficiaries conceder with the companies objectives , goals and results .CSR system should be designed to be strong and rigid when it comes to structured as well as it has to be fully transparent to its stake and stockholders . CSR activities also should monitors to which extent the outcomes are consistent with the firm goals and objectives and to motivates the firm to keep on the right direction to better adhere and achievement to the company goals. The Maine function of CSR is to encourage the firm beneficiaries and the individuals affected by the firm
INTROUDACTION
1.1Introduction:
Corporate Social Responsibility is one of the most negotiated topics in the business and accounting world .Many academics, professionals and most of the lay observers would agree that. Corporate Social Responsibility was defined by people in different ways.However, there is no specific standard to define CSR as it¡¦s a voluntary act and organizations are not obligated to do CSR.
Corporate Social Responsibility (CSR) disclosure plays a very important role in the accounting
World as well as for the users of the accounting information provided by the accountant such as stoke and stakeholders .The disclosure of CSR involves many more than just reporting the finicalstatments that shows the regular financial position for the firm .
Many companies use their social activities as a tool to gaining consumers, increased long run profitability, increase the company ability to attract better managerial capacity as well as to enhanced goodwill and reputation.
That can be achieved by attaching and involving of the social elements for the company¡¦s performance .
This kind of financial disclosure reports will give all the financial report users from creditors and debtors to the government groups and the shareholders, therefore the focus of the annual report will be change form wealth maximization to a new generation of annual reports .
| P a g e 11
As there are many beneficiaries conceder with the companies objectives , goals and results .CSR system should be designed to be strong and rigid when it comes to structured as well as it has to be fully transparent to its stake and stockholders . CSR activities also should monitors to which extent the outcomes are consistent with the firm goals and objectives and to motivates the firm to keep on the right direction to better adhere and achievement to the company goals. The Maine function of CSR is to encourage the firm beneficiaries and the individuals affected by the firm