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Social accounting for nonprofits: Two models
Author(s) -
Richmond Betty Jane,
Mook Laurie,
Jack Quarter
Publication year - 2003
Publication title -
nonprofit management and leadership
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.844
H-Index - 54
eISSN - 1542-7854
pISSN - 1048-6682
DOI - 10.1002/nml.2
Subject(s) - accounting , social accounting , value (mathematics) , field (mathematics) , positive accounting , nonmarket forces , economics , accounting information system , sociology , financial accounting , market economy , mathematics , machine learning , computer science , factor market , pure mathematics
After giving an overview of the development of social accounting, this article presents two models of socialaccounting for nonprofits: the community social return on investment model and the expanded value‐addedstatement. The discussion focuses on the process for establishing a comparative market value for nonmarket socialoutputs. The authors discuss these models and the comparative market value in relation to social accounting, anacademic field that has evolved as part of a critique of financial accounting, especially its failure to analyzethe impact of the organization on society and the natural environment. For the most part, scholars have notrelated social accounting to nonprofits. This article attempts to draw nonprofits into the field of socialaccounting. Both models address the social impact of nonprofits by including social inputs and outputs thataccounting statements normally exclude.