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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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How to fill out balancing a social accounting

How to fill out balancing a social accounting
01
Step 1: Start by gathering all the relevant financial information and records related to your organization's social activities and expenses.
02
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.
03
Step 3: Assign monetary values or measurements to each category to assess their impact on your organization's financial statements.
04
Step 4: Calculate the total social accounting balance by summing up the monetary values of all the categories.
05
Step 5: Analyze the social accounting balance to understand the overall social performance of your organization.
06
Step 6: Compare the social accounting balance with previous periods or industry benchmarks to gauge progress or identify areas for improvement.
07
Step 7: Document the findings and share the social accounting balance report with relevant stakeholders, including shareholders, employees, and community partners.
08
Step 8: Use the insights from the social accounting balance to inform decision-making and demonstrate your organization's commitment to social responsibility.
Who needs balancing a social accounting?
01
Non-profit organizations and charities that want to assess the social impact of their work and demonstrate transparency to donors and supporters.
02
For-profit companies that aim to incorporate social responsibility into their business practices and report on their social performance.
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Investors and stakeholders who are interested in evaluating a company's social initiatives and their alignment with sustainable development goals.
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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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What is balancing a social accounting?
Balancing a social accounting involves analyzing and reconciling the social impact of an organization's activities with its financial performance.
Who is required to file balancing a social accounting?
Organizations and businesses that aim to assess and report their social impact are required to file balancing a social accounting.
How to fill out 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.
What is the purpose of balancing a social accounting?
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.
What information must be reported on balancing a social accounting?
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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