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Social Accounting Reporting Practices in Bangladesh - A Voluntary Approach

Author

Listed:
  • Md Nazrul Islam

    (Professor and Head, Department of Business Administration Shahjalal University of Science and Technology, Bangladesh)

  • Tofayel Ahmed

    (Associate Professor, Department of Business Administration Leading University, Bangladesh)

  • Mohammad Ashraful Ferdous Chowdhury

    (Lecturer, Department of Business Administration Shahjalal University of Science and Technology Bangladesh)

Abstract

Social accounting has been developed for measurement and reporting the societal impact of business enterprise because of the limitation of financial accounting and management accounting. The present paper aims to make a brief idea of social accounting. It also explored the reporting practices of social accounting in the corporate level in Bangladesh. The study has taken 50 listed companies of Dhaka Stock Exchange from Textile sector and Food & Allied sector where social accounting is considered importance. Twenty five companies are selected from each sector conveniently. The analyses found that 56 pc of the sampled companies has expressed their positive attitude towards social accounting through some volunteer statements and no company maintains separate content as social accounting in their annual reports. The disclosures made by the companies are in qualitative in nature. The researchers suggested that a separate statement of social accounting should be maintained by the companies to identify the societal impacts of the business.

Suggested Citation

  • Md Nazrul Islam & Tofayel Ahmed & Mohammad Ashraful Ferdous Chowdhury, 2012. "Social Accounting Reporting Practices in Bangladesh - A Voluntary Approach," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 3(1), pages 01-08, January.
    • Handle: RePEc:aii:ijcmss:v:3:y:2012:i:1:p:01-08
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    References listed on IDEAS

    as
    1. Rob Gray & Mohammed Javad & David M. Power & C. Donald Sinclair, 2001. "Social and Environmental Disclosure and Corporate Characteristics: A Research Note and Extension," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 28(3‐4), pages 327-356, April.
    2. Rob Gray & Mohammed Javad & David M. Power & C. Donald Sinclair, 2001. "Social and Environmental Disclosure and Corporate Characteristics: A Research Note and Extension," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 28(3-4), pages 327-356.
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    Cited by:

    1. Sajon Dhar & Mohammad Ashraful Ferdous Chowdhury, 2021. "Impact of Environmental Accounting Reporting Practices on Financial Performance: Evidence From Banking Sector of Bangladesh," International Journal of Asian Business and Information Management (IJABIM), IGI Global, vol. 12(1), pages 24-42, January.
    2. Md Nazrul Islam & Tofayel Ahmed, 2012. "Corporate Social and Environmental Disclosure - An Econometric Analysis of Listed Private Commercial Banks in Bangladesh," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 3(3), pages 59-65, September.

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