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Priority to CSR

Although CSR has a been matter of concern for the corporate and social world in the recent years but in fact it has not yet gained the attention which is required and the real value of CSR is still not being recognized. There are numerous organizations that overlook the interests of the most of the stakeholders to use CSR as a tool to make money for their shareholders that is not what CSR demands.

In the past many public and private corporations set their preferences to begin work on corporate social responsibility. They specified criterion by following which they could get required output related to CSR. For instance the CSR department of Great Britain announced on media that the significance of corporate and environmental responsibility will be underlined that will help small and medium businesses to get involved in this perspective. It was also cleared that Britain will continue encouraging the transparency related to CSR information and make sure that not only the corporate sector in UK but all over the globe will be kept aware with this information.

The professionals who we think are liable for financial and social information have been pursuing a set of principles and regulations set up by GAAP and related institutes. But these rules set by GAAP are not helping the professional accounts in a great deal to transmit the information regarding environmental and social concerns. These professional normally used to prepare reports on the past like last year's cost, discretion etc and they overlooked the tendency of global changes. Elimination of waste is one of the management accounting principle that also complies with CSR but there are numerous issues related to CSR which have been looked by these accountants. They should actually realize that the set accounting principles can only provide guidelines but to make the things more better they need to use their own moral standards as well.

The information about the priorities given by the organizations to CSR related issues are claimed to be more than the actual steps taken in this perspective practically. The priorities do not seem to be resembling with the practice. Communication related to CSR is becoming a common practice in organizations today but still there are lack nesses. Companies seem to be caring for their own interests and overlooking the benefits of a number of other stakeholders. It seems as these companies are following Friedman's idea who says shareholders are the only owners of wealth and money of an organization and they can make decision regarding the investment of this money. These companies are actually thinking about short term benefits and missing long term advantages. If they realize that the money investing in the social work like development of the local community, charity institutes, employees development, customer care, and in the environmental concerns is not only a way to get publicity but also is a source of long term benefits for them.

There is too much has been written on CSR and hundreds and thousands of articles and news releases can be found on this but practical steps taken in this regard are very less. This is still very healthy sign that this much has been done for CSR but there is much more required to get done本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。