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BALANCING A SOCIAL ACCOUNTING MATRIX: Theory and application Dismal Fofana1 And Leveling John Cockburn Center Interuniversitaire SUR LE Risqué LES Polities Economies ET Employ (CIR PEE), University
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Step 1: Start by gathering all the relevant financial information and records related to your organization's social activities and expenses.
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Step 2: Identify the different categories or aspects of your social accounting that need to be balanced, such as community development, employee welfare, environmental impact, etc.
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Step 3: Assign monetary values or measurements to each category to assess their impact on your organization's financial statements.
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Step 4: Calculate the total social accounting balance by summing up the monetary values of all the categories.
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Step 5: Analyze the social accounting balance to understand the overall social performance of your organization.
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Step 6: Compare the social accounting balance with previous periods or industry benchmarks to gauge progress or identify areas for improvement.
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Step 7: Document the findings and share the social accounting balance report with relevant stakeholders, including shareholders, employees, and community partners.
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Step 8: Use the insights from the social accounting balance to inform decision-making and demonstrate your organization's commitment to social responsibility.

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Non-profit organizations and charities that want to assess the social impact of their work and demonstrate transparency to donors and supporters.
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Government agencies and regulatory bodies that require organizations to provide social accounting reports for compliance purposes.
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Academic institutions and researchers studying social accounting practices and their implications for organizations and society.
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Balancing a social accounting involves analyzing and reconciling the social impact of an organization's activities with its financial performance.
Organizations and businesses that aim to assess and report their social impact are required to file balancing a social accounting.
To fill out balancing a social accounting, organizations need to gather data on their social initiatives, measure their impact, and report the findings in a structured format.
The purpose of balancing a social accounting is to provide stakeholders with a comprehensive view of an organization's social performance and impact on society.
Information such as social initiatives undertaken, impact assessment methodology, key performance indicators, and outcomes achieved must be reported on balancing a social accounting.
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