Social Accounting Case Study

6234 Words25 Pages
Social accounting and ethical governance is becoming a concern in Fiji businesses nowadays. This assignment will outline how Bank of the South Pacific deals with social accounting and transparency and ethical governance. Firstly, it will consider the social accounting factors which is the ‘Go Green’ event. Secondly, it will consider how transparency is Bank of the South Pacific and thirdly, it will consider ways in which Bank of the South Pacific can maintain ethical standards. Finally, some recommendations will be drawn as to how to improve social accounting, transparency and ethical governance at Bank of the South Pacific. Introduction The purpose of this assignment is to study as to how businesses in Fiji work towards social
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However, accountants have the potential to lead the way and create a new accounting for stakeholders. The accounting profession can rise to its potential and make a real contribution to society, or sink into irrelevancy.Briefly, social accountingwithin the academy has been predominantly concerned with organization-based accounts of social and environmental interactions. One major theme within this has been a concern to develop accountability in the name of some democratic ideal. The focus, possibly unfortunately, has principally been upon corporations –especially large corporations. This has, at its simplest, probably been driven by the conventional focus of traditional accounting academe mingled with a very proper concern over the power and influence of the corporation in the construction of hegemony. If conventional accounting matters –and it most clearly does –then social accounting can (a priori) matter at least as much. Social accounting has attracted a range of criticisms over the years for its: quietism; masculism, managerialism attachment to modernity and liberalism its (incorrectly alleged) attachment to voluntarism its (correctly alleged) attachment to proceduralism and its under theorized…show more content…
Social accounting is not only practiced externally by Bank of the South Pacific but it is also practiced internally to some extent. There is a rubbish bin placed right beside the photocopying machine and the printer that is located at the bank. The reason for this is that it basically saves the workers time and also keeps the interior environment clean since all rejected papers are throw directly into the rubbish bin.
Mr. McCarthy said "We thank the Ministry of Education and the Department of Environment and all municipal councils for their continuing support of the campaign since its inception. This year we welcome the iTaukei Affairs Board, as a key stakeholder in the programme with their support for the art competition at district level."
"As a Pacific bank, BSP plays a lead role in advocating for environmental sustainability. We have been involved in a number of environmental initiatives including Earth Hour and Earth Day. Recently, we sponsored the cleaning crew at the Hibiscus Festival and throughout the year, we support requests from various groups and organizations engaging in their rubbish collection activities.
BSP is a registered member of the global Clean Up the World Organization.

Ethical Governance at Bank of the South
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