StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Use a variety of accounting theories to respond to Adams (2002) statement - Essay Example

Cite this document
Summary
Contemporary organisations have recognised the necessity of corporate reporting as the primary milestone for enhancing corporate image and credibility to stakeholders. Social and environmental involves the process of reporting about the understanding and managing of…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98% of users find it useful
Use a variety of accounting theories to respond to Adams (2002) statement
Read Text Preview

Extract of sample "Use a variety of accounting theories to respond to Adams (2002) statement"

Download file to see previous pages

The corporations need to reform their reporting systems to include all aspects of operation in this era when the global economy is undergoing widespread reforms. The fundamental aim of this paper is analyzing the statement by Adam’s (2002) based on the theories of corporate social responsibility. According to the political theory, organisations have power to analyse the environment and participate in corporate social responsibility. Power is the ability to influence and control behaviour of a certain group of people.

Thus, organisations have the political power to influence the aspects of social and environmental concern. Rendtorff (2009) classifies the political theory into two categories: these are corporate citizenship and corporate constitutionalism. Corporate citizenship is founded on the need of firms performing their responsibility to the environment. Corporations are referred to as legal persons (Deegan & Rankin, 1996); hence, they are considered independent individuals who ought to be responsible of their actions on the environment.

Demonstrating of corporate accountability is achieved by making publications and reports discussing and analysing their contributions to the community’s wellbeing. Failure to report to the community leads to negative public view and lack of credibility of an organisation. The primary aim of constitutions in firms is to create and entrench power. A corporate constitution, thus, governs choices incorporated in the state law and the certificate of incorporation. According to Mahoney, Thorne, Cecil and LaGore (2013), the decision to assign powers to directors over decisions is the choice of governance structures.

If directors fail to effectively and responsibly use the powers endowed to them, the community can take away the power and give it to responsible parties (Orlitzky & Swanson, 2008). The community can take away the power by cutting partnerships with them, legal actions, avoiding buying

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Use a variety of accounting theories to respond to Adams (2002) Essay”, n.d.)
Use a variety of accounting theories to respond to Adams (2002) Essay. Retrieved from https://studentshare.org/finance-accounting/1670523-use-a-variety-of-accounting-theories-to-respond-to-adams-2002-statement
(Use a Variety of Accounting Theories to Respond to Adams (2002) Essay)
Use a Variety of Accounting Theories to Respond to Adams (2002) Essay. https://studentshare.org/finance-accounting/1670523-use-a-variety-of-accounting-theories-to-respond-to-adams-2002-statement.
“Use a Variety of Accounting Theories to Respond to Adams (2002) Essay”, n.d. https://studentshare.org/finance-accounting/1670523-use-a-variety-of-accounting-theories-to-respond-to-adams-2002-statement.
  • Cited: 0 times

CHECK THESE SAMPLES OF Use a variety of accounting theories to respond to Adams (2002) statement

The Exercise of Accounting Clothes

In the paper “The Exercise of accounting Clothes” the author describes how he did the accounting of his clothes.... Also, I noticed during the process of my accounting my clothes that some have labels of being recyclable (the ones made in USA) while many do not....
4 Pages (1000 words) Personal Statement

Nursing Statement

Nursing statement I have always had the passion of becoming a nurse.... In 2002, I enrolled in Galveston College again.... I have gained significant knowledge and experience in this field and I now need a platform for utilizing my skills and putting them into proper use....
2 Pages (500 words) Personal Statement

Classical music of 20th and 21st

Igor Stravinsky Russian composer Igor Stravinsky explored tonality in a variety of his compositions.... This essay describes the music of 20th century and main composers.... Twentieth-century composers increasingly faced a decision about the role that consonance and traditional tonality (i....
5 Pages (1250 words) Personal Statement

Statement of purpose

statement of Purpose I would like to generally describe myself as a people-person.... My background and interests have usually something to do with interpersonal intelligence.... Among others, I greatly enjoy travelling, shopping, cooking, and reading.... Engaging in community service activities have also been one of my fulfilling hobbies....
3 Pages (750 words) Personal Statement

Cocaine Legalization

There is a huge debate worldwide about the solution to the problem of illicit drug use especially concerning the drug cocaine.... ne of the first arguments for the legalization of cocaine is brought out immediately by proponents who state that the overall crime rate would fall, and that the crime rate specifically connected with drug use would fall drastically.... The sentence for illegal drug use is treatment that may include substituting medications for the illegal drugs" (Westman 2000, pg 10)....
6 Pages (1500 words) Personal Statement

Passion for Business Accounting

This course is highly appealing course to me as an individual due to my passion with accounting, mathematics, and the promising career and numerous job opportunities associated with it.... From this, I June 20, As a in your I intend to major in Business accounting.... This is highly appealing course to me as an individual due to my passion with accounting, mathematics, and the promising career and numerous job opportunities associated with it....
2 Pages (500 words) Personal Statement

My personal statements

My work experience as an accounting assistant in Accountant assistant Chongqing Bank between June 2010 and December 2010 helped me gain valuable lessons in the field of economics and also enabled me to develop teamwork and leadership skills.... I majored in Agriculture Economics and Management in the University of Arizona and I am hoping to be accepted in your learning institution to pursue a Masters in Agriculture Science....
2 Pages (500 words) Personal Statement
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us