Social Responsibility Accounting: A Conceptual Framework for Universal Acceptance
Anand Patil1, M.Muthu Gopalakrishnan2
1Dr. Anand Patil, Associate Professor, School of Business & Social Sciences, CHRIST (Deemed to be University) Bangalore, India.
2Dr. M.Muthu Gopalakrishnan ,Associate Professor, School of Business & Social Sciences, CHRIST (Deemed to be University) Bangalore, India.

Manuscript received on November 15, 2019. | Revised Manuscript received on November 23, 2019. | Manuscript published on November 30, 2019. | PP: 2342-2348 | Volume-8 Issue-4, November 2019. | Retrieval Number: D8218118419/2019©BEIESP | DOI: 10.35940/ijrte.D8218.118419

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Abstract: The growing instance of corporate frauds has necessitated the stronger regulations in the field of corporate with the help of increasing technological invocations. The Social Responsibility Accounting is a phrase that is gaining significance in such a corporate environment to bring light on the societal obligations. In spite of the growing stress laid on the need for Social Responsibility Accounting, the regulatory framework even in the most advanced economies has failed to establish a universally accepted standard for such reporting, as is available for traditional financial information reporting. The present study aims to identify the most widely accepted models and critically review them, to enhance its applicability in the modern-day business environment. For that purpose the various models of social responsibility accounting such as Seidler’s Model of Social Accounting, Ralph’s Comprehensive Social Benefit Cost Model, and The Cost-Benefit Analysis Technique (ABT Associate model are analyzed and a Conceptual Frame Work for Social responsibility accounting is suggested based on the analysis of these models. Such a model combines all the superior aspects of all models for the purpose of culminating all primary stakeholders’ perspective.
Keywords: Difference, Frauds, Integrate, Models and Review.
Scope of the Article: Marketing and Social Sciences.