ISSUES OF MANAGEMENT REPORTING ON SOCIAL RESPONSIBILITY OF BUSINESS

Author(s)

ISSUES OF MANAGEMENT REPORTING ON SOCIAL RESPONSIBILITY OF BUSINESS Armen Hakobyan

The progressive business community currently responsible for environmental protection and sustainable development of society. In this sense, there is a need for accounting to present reports related to sustainable development and thereby public awareness of the social responsibility undertaken by organizations. International standards of the IFRS-S series, which are currently in force, present such requirements to the financial accountability of organizations, but social responsibility is perhaps left out of the scope of managerial accounting.

The article proposes a methodology for managerial accounting of the results of social responsibility of organizations, which comes to complement the requirements of IFRS-S international accounting standards.

DOI: 10.59503/29538009-2023.SI-1-71 Cross- Cultural Studies: Education and Science, No. SI-1 (2023) 71-85

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Keywords

social responsibility, managerial accounting, sustainable development report, IFRS-S standards, financial reports, social obligation metrics

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