SOCIAL ACCOUNTING A METHOD OF ASSESSING THE IMPACT OF NIGERIAN ENTERPRISES DEVELOPMENT ACTIVITIES.
ABSTRACT
The project work discusses Social Accounting: A method of assessing the impact of enterprises development activities. This study was therefore necessitated by the need to give appraisal of the recognition and growing of sophistication of Social Accounting Techniques for a good practice in corporate social responsibilities. Specifically the objectives of the study are to answer among others; to ascertain the input/effects of social accounting in enterprise development activities in Nigeria, to evaluate various techniques of using social accounting to estimate enterprises income/earning, to determine how to solve organizational conflicts between shareholding interest and social consideration and to evaluate some of the problems encountered in assessing social accounting activities in Nigeria enterprises. To accomplish the above objectives, the researcher made use of both historical and survey research; data were collected by use of oral interview and questionnaires. Data collected were subjected through analysis using simple percentage, tables, and charts while the stated hypothesis were tested using Chi-Square (X2) to ascertain its reliability and objectivity. The result of the research shows that the effective use of social accounting approach improves transparency, accountability and compliance in the organization. The application of social accounting method of assessment has external/ internal environmental impact on the Nigeria enterprises development activities; it has significant relationship between the corporate image of the organization and the environment and it shows that the conflict of interest between stakeholders and management has hindrance on the auditing and reporting of accounting, where as stakeholders engagement with the organization improves ethical standard and learning.