Social Obligations As A Category Of Book-Keeping

Basically each organization has an understanding that its activities have a direct or indirect impact on society. Moreover, upon fulfilling their activities some companies are specifically looking for opportunities to establish effective cooperation not only with business partners, but also with the state and civil society. This approach allows to significantly reduce the commercial risks, substantially improve the organization’s reputation, attract new loyal customers increase the staff efficiency , and above all – to make the business more competitive. The technique of “social activity accounting†involves acquisition of additional information taken from other types of recording such as management, accounting, statistical, financial, tax, environmental accounting. This approach makes it possible to minutely reflect the social responsibility of the reporting organization . The author believes, that the systematic approach should be applied when revealing the information on social obligations in the corporate financial statements . When available information is summarized and compiled for the purpose of social reporting it is proposed to conduct it through the use of balanced scorecard method. This system is used for achieving strategic goals and can be applied also to increase the efficiency of existing operational management. Information reflection in the internal reports of an organization will allow to build an analytical framework for social reporting which can be used also externally.