CURRENT CHALLENGES OF THE SOCIAL FUNCTION OF ACCOUNTING

Abstract

The current accounting model is not collecting the costs of innumerable negative effects of a social nature that have been generated by those who carry out the production processes. An accounting that incorporates these effects could be called social accounting, which is different from corporate social responsibility, social balance or environmental accounting, even if although they are related. The objective of the present work is to identify possible social costs through a matrix and to show a model of accounts and income statements for a social accounting. The State should incorporate these aspects into the accounting regulations in order to protect the community and population´s future

Authors

• Jaime Arturo Castrillon Universidad del Norte
• ELVIRA ISABEL DE LEON CUESTA Universidad Sergio Arboleda Barranquilla