Potentials of Applying Social Responsibility Accounting in the Banking Sector in Lebanon: An Empirical Study
Journal of Finance and Accounting
Volume 7, Issue 2, March 2019, Pages: 32-39
Received: Mar. 4, 2019; Accepted: Apr. 13, 2019; Published: May 15, 2019
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Authors
Hasan El-Mousawi, Accounting Department, Lebanese University, Beirut, Lebanon
Hussein Trabulsi, Economics Department, Lebanese University, Beirut, Lebanon
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Abstract
Universal interest in organizations’ role and their impact on society and rising prospects of investors, consumers, employees and local communities about the importance of this role and its impact on society, which made many governments, non-governmental organizations and local communities seek more transparency and accountability; provided that it is not limited to daily operations of organizations of any nature, but it should include the extent of impact those operations have on society. This research aimed at shedding light on the concept and importance of social responsibility accounting and determining the extent of applying it in Lebanese banks in order to deal with the deficiency in outputs of the accounting system, which is reflected in financial statements, by including information about social responsibilities and revealing the impact of disclosing it in financial statements. To achieve the goals of the research, a questionnaire has been devised to be distributed among employees in the middle and high administrations (managers, heads of accounting departments and employees of the accounting department) in Lebanese banks, where 200 questionnaires were distributed in the banks. The Statistical Package for Social Sciences (SPSS) was used to make various statistical tests to analyze the outputs in order to reach results and present recommendations which may be good to approach the deficiency in outputs of the accounting system. The research yielded some important findings, mainly that managements of banks in Lebanon are aware of the concept of social responsibility; however, managements of banks in Lebanon do not develop relations with the local community except in certain domains.
Keywords
Social Responsibility Accounting, Lebanese Banks, Financial Statements
To cite this article
Hasan El-Mousawi, Hussein Trabulsi, Potentials of Applying Social Responsibility Accounting in the Banking Sector in Lebanon: An Empirical Study, Journal of Finance and Accounting. Vol. 7, No. 2, 2019, pp. 32-39. doi: 10.11648/j.jfa.20190702.11
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Copyright © 2019 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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