Expected Risk Assessment—Annual Report versus Social Responsibility

Sustainability

Elvira Bཬskei²  Veronika Fenyves¹  Emese Kinga Zsidó¹  Zoltán Bผs¹ 

[1] Institute of Accounting and Finance, Faculty of Economics and Business, University of Debrecen, H-4032 Debrecen, Hungary; E-Mails:;Department of Social Science and International Studies, Faculty of Law, Károli Gáspár University of the Reformed Church, H-1091 Budapest, Hungary; E-Mail:

关键词: social responsibility;    accounting statements;    Annual Report;    corporate life cycle;   

DOI  :  10.3390/su7089960

来源: mdpi

【 摘 要 】

Global economic, social and environmental changes are inspiring companies to behave responsibly towards the environment, not only in the interest of others, but also in that of the future of their companies. It is crucial that companies are able to recognize any lack in their ability to grow values in a timely manner, because issues at companies require immediate intervention. A key factor in maintaining operations is the time interval required for companies to adjust to challenges. Are Annual Reports capable of indicating problems or possibly to inform decision-makers that a company is entering a period of decline? Such information can be gathered from the notes to the financial statement. Are annually prepared statements capable of indicating problems? Definitely, yes. Do yearly once due statements provide enough information? The answer must be no, as we are not living in a static economic environment. The more dynamic our economic environment is, the greater the role played by the question of time. Thanks to improvements in accounting and technology, we are able to create up-to-date analyses, based on accounting statements. However, in order to be effective, teamwork inside the company is essential and controllers should play a key role.

【 授权许可】

CC BY   
© 2015 by the authors; licensee MDPI, Basel, Switzerland.