Commensurability of Social Effects in Economic and Non-economic Activities
Commensurability of Social Effects in Economic and Non-economic Activities

Author(s): Mariya Vlaeva
Subject(s): Social Sciences
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Commensurability; Social effect; Accounting theory
Summary/Abstract: This paper examines the commensurability of social effects in economic and non-economic activity. Emphasis is placed on the legally required reporting and explanation of expenses in the Non-Financial Statement, which is in addition to the Annual Financial Report, as well as on the different accounting reporting based on expenses between business and non-business activities. Attention is drawn to accounting theory, which as a science has always kept pace with new economic needs, and which can offer solutions for the accounting reflection of social effects. The aim is to show that there is still no regulatory framework through which social costs can be reliably compared with the received public benefits (incomes).

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