Main Article Content


The current accounting model measures the results of operations and what it considers are the costs and expenses associated with the productive activity at organizations, but it does not consider numerous negative externalities that actors of economic activities have been generating, such as extractive processes. Accounting that incorporates these negative effects into its accounts is what could be called social accounting, which differs from corporate social responsibility, the social balance sheet and environmental accounting, although they are related. However, there are those who have proposed changes to the current accounting model, trying to present the positive scope of this incorporation, aimed at its conceptualization as a “true benefit” as stated by BELKAOUL (2004). With the aim of seeking an opening towards a social accounting model, the purpose of this article is to determine possible social costs, and models of financial statements for social accounting, aware that, if the State does not establish the accounting regulations for these aspects, this type of project will not take on legal life. Therefore, we want to discuss with the academic community, in order to consolidate and propose its regulation to the State. It should be noted that multiple costs that cause both economic and social damage and moral damage to the population will be left out of the matrixes presented which could be considered in subsequent research that will require greater interdisciplinarity.

Jaime Arturo Castrillón Cifuentes, Universidad del Norte

Associate Professor, School of Business, Universidad del Norte, Barranquilla, Colombi. Degree in education, Universidad de San Buenaventura, Colombia, Master in Administration, EAFIT, Colombia, Innovar del Caribe research group, Universidad del Norte, Colombia.

Elvira De León Cuesta, Universidad Sergio Arboleda

Contador público, universidad del Atlántico, Barranquilla. MBA, Universidad del Norte, Barranquilla, Colombia. Estudiante de doctorado en Ciencias Sociales, universidad del Norte, Barranquilla. Docente universidad Sergio Arboleda, Barranquilla-Colombia. 

Castrillón Cifuentes, J. A., & De León Cuesta, E. . (2020). Current challenges of social function of accounting. Cuadernos De Administración, 36(68), 176–189.

Ayres, C. (1962). The Theory of Economic Progress. New York, USA. Shocken books.

Besta, F. (2007). La ragioneria. Rome, Italy: RIREA.

Baudrillard, J. (1981). For a Critique of the Political Economy of the Sign (Chap. 5, pp. 214). St. Louis Mo, USA. Telos Press.

Castrillón, J., y Castrillón, L. (2009). El caos de las tasas de interés. Pensamiento & Gestión, (26), 137-164. Recuperado de

Coase, R. (1990). Accounting and the Theory of the Firm. Journal of Accounting and Economics, 12(1-3), 3-13.

Correa, J. (2007). Evolución histórica de los conceptos de responsabilidad social empresarial y balance social. Semestre Económico, volumen 10(20), 87-102. Recuperado de

Franco Ruíz, R. (2014). El problema de la verdad y la contabilidad. Criterio Libre 12(20), 43-71.

Gómez, M. (2009). External accounting reports and organizational legitimacy with the environment: a case study in Colombia. Innovar, 19(34), 147-166. Recuperado de

Gracia, E., Franco-Ruiz, R., & Agudelo, M (2016). A critique of the accounting representation in historical perspective: from the reflection of deep reality to the “pure simulacrum”. Revista Cientifica “General José María Córdova”, 11(12), 79-104.

Ladino, Y., & Ramírez, J. (2018). Environment and society: an ethical commitment of the accounting profession? Revista Colombiana de Contabilidad-ASFACOP, 6(11), 67-84. Retrieved from

Mattessich, R. (1964). Accounting and analytical methods; measurement and projection of income and wealth in the micro- and macro-economy (p. 552). Homewood, IL. Richard D. Irwin.

Mejía, E., Montes, C., y Mora, G. (2013). Estructura conceptual de la Teoría Tridimensional de la Contabilidad. Contexto, 2(1), 49-70. Recuperado de

Mejía, E., Montilla, O., Montes, C., y Mora, G. (2014). Teoría tridimensional de la contabilidad T3C (versión 2.0): desarrollos, avances y temas propuestos. Revista Libre Empresa, 11(2), 95-120. Recuperado de

Orlitzky, M., Schmidt, F., & Rynes, S. (2003). Corporate Social and Financial Performance: A Meta-analysis. Organization Studies, 24(3), 403-441.

Savitz W, A., & Weber, K. (2013). The Triple Bottom Line. How Today’s Best-Run Companies are achieving Economic, Social and Environmental Success — and How You Can Too (p. 348). San Francisco, USA: Jossey-Bass.

Sunder, S. (1997). Theory of Accounting and Control. Cincinnati, USA: Thomson Press.

Sunder, S. (2002). Decision Making and Control: an Accounting Duality. Some Thoughts on the Intellectual Foundations of Accounting. CMU Accounting Mini-conference. Carnegie Mellon University.

Tua, J. (2004). Evolución y situación actual del pensamiento contable. Recuperado de

Vaca, A., y Ramírez, D. (2018). Contabilidad de la cultura para el Desarrollo Sostenible. Accounting of the culture for sustainable development. Revista Espacios, 39 (44), 13. Recuperado de

Vikhanskiy, O., Churkina, N., & Zaverskiy, S. (2012). Business response to environmental challenges: three cases of Russian industrial companies. Oñati Socio-legal Series, 2(3), 68-88. Retrieved from

Received 2019-04-30
Accepted 2020-04-06
Published 2020-09-15