Beyond Numbers and Financials: Accounting and Corporate Sustainability

FGIC 1st Conference on Governance & Integrity, 2017

13 Pages Posted: 4 Oct 2019

See all articles by Zalailah Salleh

Zalailah Salleh

Universiti Malaysia Terengganu (UMT)

Saed Sulub

Universiti Malaysia Terengganu

Hafiza Aishah Hashim

Universiti Malaysia Terengganu (UMT)

Date Written: April 03, 2017

Abstract

With the evolution of industrialization and the expansion of corporations, there has been much concern about the protection of “others” interest when taking business decisions. Others include the environment, different stakeholders, future generations and the corporation itself as an abstract entity. Consequently, the powerful impact of this evolution has made the Corporate Sustainability (CS) an issue that should be considered either instrumentally to achieve the objectives of owners or normatively as a part of the organization’s goals. In this paper, we summarize the key aspects of sustainability that are embedded in the accounting research and practice. We firstly look at the Corporate Social Responsibility (CSR), including Environmental Accounting (EA), as a vital starting point for the CS research in Accounting. Then, we illustrate the contribution of Accounting to CS through the enhancement of governance systems, the encouragement of a long-term outlook, ensuring the reliability of financial reports and promoting the ethical and professional behavior aspects of accounting practitioners. We conclude the paper with some recommendations for future research and accounting education which may emphasize the understanding of accounting in the context of CS.

Keywords: Accounting, Corporate sustainability, Corporate Governance, Short-termism, CSR

JEL Classification: M40, G30

Suggested Citation

Salleh, Zalailah and Sulub, Saed and Hashim, Hafiza, Beyond Numbers and Financials: Accounting and Corporate Sustainability (April 03, 2017). FGIC 1st Conference on Governance & Integrity, 2017, Available at SSRN: https://ssrn.com/abstract=3458545 or http://dx.doi.org/10.2139/ssrn.3458545

Zalailah Salleh

Universiti Malaysia Terengganu (UMT) ( email )

Kuala Terengganu, Terengganu 21030
Malaysia

Saed Sulub (Contact Author)

Universiti Malaysia Terengganu ( email )

Kuala Terengganu, 21030
Malaysia

Hafiza Hashim

Universiti Malaysia Terengganu (UMT) ( email )

Kuala Terengganu, Terengganu 21030
Malaysia

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
34
Abstract Views
598
PlumX Metrics