An Analysis on the role of Accounting in Corporate Social Responsibility (CSR) Disclosure

Abstract

In recent years, Corporate Social Responsibility (CSR) activities, which are firms actions that go beyond and above the interest of the company to further the social issues and social good, have become common practice. CSR may be said the synonym of Social Responsibility of the Business. The companies Act 2013 is provided certain guidelines on reporting of Companies Act 2013 is provided certain guidelines on reporting of CSR initiatives but it is necessary to have the standard which is acceptable at the global level for accounting and reporting the same to give the required information to the stakeholders. Section 135 of the Companies Act 2013 provide rules of the qualified or eligible companies, mandatorily rules for expense on the activities prescribed in Schedule 7 of the Act. The main objective of this paper is to analyse the role of accounting and reporting in the Corporate Social Responsibility initiatives of Indian companies and also to analyse the perception of accounting reporting of Corporate Social Responsibility initiatives from various stakeholders.