A Study On Financial Reporting And Information Disclosure Of Social Responsibility Accounting

The best way to understand the business situation of business managers, investors and other stakeholders is to examine the financial statements, it can basic meet the needs of information users. In the current financial reporting system, the principal statements (e.g. balance statement, profit & loss statement and cash flow statement, etc.) can clearly reflect an enterprise's financial standing, profitability, solvency and other financial indicators. However, with the economic and social development and people's awareness, more and more people realize that these statements reflect only the data can not be fully reflected the real situation of enterprises, since it cannot reflect the enterprise's social contribution and depletion. Therefore, it is inevitable to reform the financial reporting system.Taking the reform in financial reporting system as the entry point, this paper conducts a discussion on the information disclosure of social responsibility accounting, which is regarded as an important aspect of financial reporting reform. With the rapid development of economy, the social problems are being paid more and more attention to. As an important component of society, enterprises have been striving to achieve "stockholder wealth maximization", and correspondingly only the financial standing, business performance and cash flow are stressed in accounting. In the short run, the blind pursuit of such objective might increase the benefits rapidly, but in the long run it will lay an adverse impact on the enterprise's sustainable development and cause some serious social problems, such as environmental pollution, damages to ecological imbalance, and no guarantee to employees' interests, etc. Under such circumstances, the international community is strongly calling for enterprises to fulfill their social responsibilities, and thus the enterprises have to take their social responsibilities while pursuing economic benefits, that is, they need to obtain the dual recognition from the society. In this context, the traditional accounting was challenged, and the social responsibility accounting came into being. As early as the 1970s, the western developed countries started to study and carry out social responsibility accounting. However, until now, there haven't been systematic theories and practices regarding social responsibility accounting all over the world, especially in China where the social responsibility accounting started late. In this study, the author focuses on the information disclosure of social responsibility accounting. Specifically speaking, by analyzing the modes of information disclosure of social responsibility accounting in western countries, the problem how to establish an appropriate mode of information disclosure in our country is probed into in accordance with the current situation of China.