Accounting for an enterprise's wellbeing

Ronnie Lessem

Omega, 1974, vol. 2, issue 1, 77-95

Abstract: Business enterprise today is being called upon to exercise significantly wider "social responsibility" than has traditionally been the case. As a result, individuals, communities and national governments are beginning to call for statements of "social account" which reflect a company's performance in the eyes not only of financial shareholders, but also of other stakeholders in the community at large. This paper, therefore, attempts to extend fundamental accounting principles, which have traditionally embraced only monetary stocks and flows, towards physical, social and psychological exchanges. It therefore provides a foundation both for the development of the accountant's/auditor's traditional role and for a means of communication between interest groups within and without the enter-prise. The paper does not attempt to develop thoroughgoing quantitative measures to the same degree of specificity as conventional financial accounts; rather it aims to develop a novel framework, to which both management practitioners and theorists may apply their own specific refinements.

Date: 1974
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/0305-0483(74)90008-5
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jomega:v:2:y:1974:i:1:p:77-95

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/supportfaq.cws_home/regional
https://shop.elsevie ... _01_ooc_1&version=01

Access Statistics for this article

Omega is currently edited by B. Lev

More articles in Omega from Elsevier
Bibliographic data for series maintained by Catherine Liu ().