By Laurie Mook
Touted via many region leaders around the globe, this booklet will attract: Nonprofit and Cooperative supervisor, employees and forums; Volunteer Coordinators; Governments Funders, Donors, Foundations; Social Researchers and Policy-Makers; teachers in Nonprofit administration, enterprise, Public management, group improvement, Cooperative experiences, and Accounting
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Additional info for What Counts: Social Accounting for Nonprofits and Cooperatives, 2nd Edition
This is a challenging task because it involves making appropriate market comparisons for items normally not involving any market exchange. We locate this work in the emerging field of social accounting, which attempts to broaden the domain of accounting by analyzing the impact of the organization on society and the natural environment. In this book we define social accounting as a systematic analysis of the effects of an organization on its communities of interest or stakeholders, with stakeholder input as part of the data that are analyzed for the accounting statement.
These standards were largely adaptations of those applied to business enterprises, focusing on profit and loss, and sidestepping the unique characteristics of social organizations. The standards ignored the need to create accounting statements that shed light on how well social organizations are carrying out their mission and the effect they are having on the stakeholders that they are intended to serve. An indication that the major accounting organizations were treating nonprofits the same as profit-oriented businesses is evident in regulations governing nonprofits, which increasingly refer to them as “not-for-profit,” a point that Campbell (1998, 28) highlights: Once upon a time we were called nonprofit organizations to emphasize that the provision of service took precedence over the permanent amassing of funds.
Is it appropriate to use the same accounting statements for nonprofits and cooperatives as for profit-oriented businesses? 6. What are the limitations of the 1993 ruling (No. 116) of the Financial Accounting Standards Board with respect to donated services? What are the implications of this for nonprofits and cooperatives? 7. To what extent should accounting reflect an organization’s social impact? What are the potential difficulties and risks of doing so? 8. Do you feel that the so-called new economy justifies the creation of a new approach to accounting?
What Counts: Social Accounting for Nonprofits and Cooperatives, 2nd Edition by Laurie Mook