Social Accounting


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Social Accounting

A way to calculate economic growth in which one aggregates the growth or decline of each sector of an economy. For example, suppose a simple economy has three equally-sized industries: agriculture, manufacturing, and construction. If agriculture has grown 5%, manufacturing has grown 2%, and construction has declined 1%, then the total growth is 6% (5% + 2% - 1%). A major example of social accounting is the calculation of a country's GDP.
References in periodicals archive ?
Theory of Social Accounting, Journal of Accounting Studies, Second Year, 111-117.
According to Huseyin (1996), social accounting matrix is simply defined as an unambiguous accounting system where every macroeconomic account is presented as a column for output and as a row for incoming bills.
BandLoot is the first and only social accounting web app that will help bands track their cash flows easily together, as a band, in total transparency.
In fact, robust social accounting and responsibility reporting is fast becoming the standard for businesses, not the exception.
The truly incredible thing is that by 2006, 80 of the FTSE 100 [the largest companies on the London Stock Exchange] had social accounting.
This problem is not resolved by the development of social accounting frameworks.
The latest accolades come after Traidcraft collected its third ACCA Award for social accounting and the announcement that Richard Adams is to receive an honorary doctorate from Newcastle University.
But why should an organisation undertake the lengthy and challenging process of social accounting, auditing and reporting?
Social Accounting Matrices and Social Accounting Analysis is nicely surveyed in Chapter 7.
It's an ideal time for companies to get involved in social accounting and auditing.
The methodology used in this study makes use of input-output tables and a Social Accounting Matrix to examine four different potential scenarios of employment effects, following four different expenditure scenarios.
Using a latest social accounting matrix for the year 1989-90 and the static fixed-price model, various simulation exercises have been performed.