Open AccessCSR Monetary Accounting Impact Mechanism: A Conceptual Model
Author(s) -
Mona Abou Taleb
Publication year - 2016
Publication title -
international journal of accounting and financial reporting
Language(s) - English
Resource type - Journals
ISSN - 2162-3082
DOI - 10.5296/ijafr.v6i2.11002
Subject(s) - accounting , sustainability , conceptual model , corporate governance , mechanism (biology) , corporate social responsibility , business , social accounting , management accounting , accounting information system , finance , public relations , computer science , political science , ecology , philosophy , epistemology , database , biology
Companies adopt non-comprehensive accounting approaches to optimise their decision-making and reporting using mainly quantitative CSR impacts with less emphasis on monetising qualitative descriptive and physical impacts, despite those aspects being of significant concern to stakeholders. Thus, the study is motivated by the need for current sustainability accounting practice to develop a model that incorporates a full range of CSR-decision drivers; financial, environmental, social in addition to involving corporate governance drivers for the first time in the literature into decision-making and accounting systems to develop a comprehensive monetary accounting mechanism. Based on the theoretical and conceptual analyses, the CSR monetary accounting impact mechanism model is developed to provide sustainable accounting practices with comprehensive monetary measurement for stakeholders and organisations.