Information about the business groups who are famous in their social accountability example Tata rilence etc.pdf
Answers
The business behaviour of the company is one of the essential factors that shows the economic globalisation.
Especially when it comes to social accounting of a business.
It influences the business since it is responsible for understanding the effect of environment and social communication on a business.
Also, it shows the interest groups that work for society, in society and by society.
The business itself is a socio-economic activity as it draws its inputs from the society, hence its aim and objective should be the welfare of the society. It has the responsibility to solve as many social problems as possible.
‘Social Accounting’ has gained importance as it has brought prosperity as well as many problems to the society.
It is mainly concerned with the study and analysis of accounting practices in organization. It is also referred to as Social Accounting and Social Responsibility Accounting as well.
Corporate companies such as the TATA, ITC, Aditya Birla, and Indian Oil Corporation, are a few to list down who help the society. Several other organizations help through donations.