New Publication Outlines the Evolution of Social Accounting
In an increasingly globalized business environment, enterprises are now under ever-greater pressure to meet continuously rising objectives. However, as the corporate community expands, so do its social responsibilities. Therefore a commitment to ethical accounting practices is the bedrock of a socially-conscious organization and failing to serve the public interest through ethical accounting can have lasting negative consequences for organizations. One new publication on this subject of social accounting is Accounting for the Public Interest, published by Springer and edited by renowned ethics professor Dr. Steven Mintz.
Accounting for the Public Interest is considered by many experts to be one of the first publications to truly delve into the roles and responsibilities that accounting systems and the professionals that work within the industry have within the society around them. It’s a book that covers many of the unique facets of accounting procedures, and how those procedures can be improved upon in order to continually meet evolving obligations as the global business environment expands.
Written by long-time contributors to Research in Accounting Ethics, a symposium sponsored by the public interest section of the AAA (American Accounting Association), the book is a standard-bearer within the social accounting education field. One of the unique elements of Accounting for the Public Interest, as a publication, is that it provides several unique perspectives on the subject matter. It’s a book that covers the subject of accounting from social, philosophical, economic and international viewpoints in order to provide the reader with a rounded understanding of the complexities that accountants and other company stakeholders must consider.
The comprehensiveness of the publication’s insight into modern financial reporting requirements provides all readers a full understanding into a company’s obligations from a regulatory standpoint. It’s an area which has been in great focus in many social communities as growing financial and online firms continue to report strong earnings while limiting their tax exposure. The book then covers potential instances of fraud and how those instances have been dealt with by society while maintaining an environment that is supportive of future business development. Accounting for the Public Interest also highlights the role of whistleblowers within today’s accounting landscape, and how those whistleblowers help to fight against corporate policies that do not serve the greater community.
Students of the accounting field will especially be interested in the book’s contextualized look at the history of how accounting was used to meet its public obligation in past eras. This serves as a foundation to driving forward into the modern area, in which growing firms are tasked with planning for their expansion into communities where their presence will become an economic driving force. Indeed, for those entering into the accounting field, this book will act as an interesting education on the concepts required for successful accounting in the current day industry.
Those interested in purchasing a copy of this highly praised publication can visit the following link to learn more - http://www.springer.com/social+sciences/applied+ethics/book/978-94-007-7081-2.
Press Release posted on November 13, 2013