Social environmental accounting Essay Example | Topics and Well Written Essays - 2000 words

Social environmental accounting - Essay Example The company has employed various internal management accounting systems and techniques in relation to the social and environmental issues facing it (Marinova, Annandale, & Phillimore 2010). One of such system includes acting responsibly. This involves Aviva insurance using scientific research on the social and environmental impacts responsibly and engaging in good governance and management of the organization (Dalal-Clayton & Sadler 2014). It is important for organizations to balance possible environmental, social and economic impacts, risks and opportunities across the economic, social and economic spheres. This is a highly complex task to Aviva, its managers and the society at large. The complexity that is brought about by this is made more difficult through the requirement to identify the significance of various types and even time horizons of the outcomes. There may be instances where there is a positive overall societal, environmental and economic outcome while other activities leads to a positive outcome on one side and negative outcome on the other. Organizations, therefore, face difficulties in coming up with strategy and actions to balance the environmental, s ocial and also their economic sustainability. Managers in Aviva recognize this and ensure that it is highly incorporated in the decision-making processed  making it to be within the organizations acceptable  behavior and impacts of a society (Burritt 2011). The second internal management accounting system is saving for various environmental projects. The organization through its management overseas the Aviva community funds to sustain the economic, societal and environmental aspects of the society (Docherty, Kira, & Shani 2008). The organization is also involved in the management of its environmental costs. The organization is increasingly becoming aware of their environmental sustainability responsibility in the society. This is considering that