Value Added Statement: A Part of Social Responsibility Reporting

Md. Afzal Hossain

doi:doi:10.11648/j.jfa.20170502.11

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Value Added Statement: A Part of Social Responsibility Reporting

Md. Afzal Hossain

Published in Journal of Finance and Accounting (Volume 5, Issue 2)

Received: 28 January 2017 Accepted: 2 March 2017 Published: 25 March 2017

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Abstract

In this paper I have tried to show how and to what extent, the value added Statement can supplement additional financial information to satisfy all the stateholders of the enterprise. This study sets out to determine whether sufficient evidence on the usefulness of the statement, from the perspective of the users exists. The paper examines some of the theoretical issues regarding the publication of the value added statement as a voluntary disclosure in the process of accounting communication. The social and economic motivation to use value added reporting is linked to the general process of disclosing financial information in a certain business and cultural environment. In this framework, a question arises about the possible role of the value added statement as a way of accounting communi cation in the global economy.

Published in	Journal of Finance and Accounting (Volume 5, Issue 2)
DOI	10.11648/j.jfa.20170502.11
Page(s)	74-79
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2017. Published by Science Publishing Group

Keywords

Value Added Statement, Annual Reports, Voluntary Disclosures

References

[1]	B. Cox, 1979. Value Added- An Appreciation for the Accountants concerned with Industry, Institute of Cost and Management Accountants, 1978, quoted in Michael F. Morely in ‘The Value Added Statement in Britain, The Accounting Review Vol. LIV, No. 3 July, p-620.
[2]	Bougen, P. D., Value Added in Tonkin, D. J. and Skerrat, L. C., Financial Reporting 1983-84: A survey of U. K. published Accounts, ICAEW, 1983, p. 156.
[3]	Bernard, cox, Added Value and Corporate Reporting, Management Accounting, April 1976, pp 142-146).
[4]	Cruns R. P. 1982. Added-Value: The Roots Run Deep into colonial and Early America, Accounting Historian Journal (Fall 1982) pp 25-42.
[5]	K. Natrajan, Journal of Accounting and Finance, Fall 1991.
[6]	Moreley, M. F., Value Added: The Fashionable Choice for annual Reports and Incentive Scheme, The Accountant’s Magazine, June 1979, p 235.
[7]	Mondol, Goswami, Value added Statement (VAS) –A critical Analysis-A case study of Bharat Heavy Electricals Limited, Great Lakes Herald, Vol. 2 No. 2, September 2008.
[8]	Pickens, T. B. jr. professions of a Short-Termer, Harvard Business Review, May-June 1986, p. 78.
[9]	Rao, P. M. 2000. “ Value Added Reporting: in Theory, Practice and Research”, Deep and Deep Publications Pvt. Ltd., New Delhi, pp 49-50.
[10]	RiahiBelkaoui A, 1992. Value Added Reporting –lessons for the United States, Quorum Books, Westport, Connecticut.
[11]	RiahiBelkaoui, A, 1996. Performance Results in Value Added Reporting, Quorum Books, Westport, Connecticut.
[12]	The Battle for Corporate Control, International Business Week, May 18, 1987, p 71.
[13]	The U.S. Must Meet the Challenge, International Business Week, April 20, 1987, p. 184.
[14]	The Corporate Report, ASSC, 1975, London, p. 49.
[15]	The Future of Company Report, 1977. Green paper published by HMSO: London: A Consultative Document of British Government, p-15.
[16]	Van Staden C. J., 2000. Revisiting the Value Added Statement: To published or Not to publish; In proceedings of the 12^th Asian Pacific conference on International Accounting issues, October 21-24, page 20-23.

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APA Style

Md. Afzal Hossain. (2017). Value Added Statement: A Part of Social Responsibility Reporting. Journal of Finance and Accounting, 5(2), 74-79. https://doi.org/10.11648/j.jfa.20170502.11

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ACS Style

Md. Afzal Hossain. Value Added Statement: A Part of Social Responsibility Reporting. J. Finance Account. 2017, 5(2), 74-79. doi: 10.11648/j.jfa.20170502.11

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AMA Style

Md. Afzal Hossain. Value Added Statement: A Part of Social Responsibility Reporting. J Finance Account. 2017;5(2):74-79. doi: 10.11648/j.jfa.20170502.11

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@article{10.11648/j.jfa.20170502.11,
  author = {Md. Afzal Hossain},
  title = {Value Added Statement: A Part of Social Responsibility Reporting},
  journal = {Journal of Finance and Accounting},
  volume = {5},
  number = {2},
  pages = {74-79},
  doi = {10.11648/j.jfa.20170502.11},
  url = {https://doi.org/10.11648/j.jfa.20170502.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20170502.11},
  abstract = {In this paper I have tried to show how and to what extent, the value added Statement can supplement additional financial information to satisfy all the stateholders of the enterprise. This study sets out to determine whether sufficient evidence on the usefulness of the statement, from the perspective of the users exists. The paper examines some of the theoretical issues regarding the publication of the value added statement as a voluntary disclosure in the process of accounting communication. The social and economic motivation to use value added reporting is linked to the general process of disclosing financial information in a certain business and cultural environment. In this framework, a question arises about the possible role of the value added statement as a way of accounting communi cation in the global economy.},
 year = {2017}
}

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TY  - JOUR
T1  - Value Added Statement: A Part of Social Responsibility Reporting
AU  - Md. Afzal Hossain
Y1  - 2017/03/25
PY  - 2017
N1  - https://doi.org/10.11648/j.jfa.20170502.11
DO  - 10.11648/j.jfa.20170502.11
T2  - Journal of Finance and Accounting
JF  - Journal of Finance and Accounting
JO  - Journal of Finance and Accounting
SP  - 74
EP  - 79
PB  - Science Publishing Group
SN  - 2330-7323
UR  - https://doi.org/10.11648/j.jfa.20170502.11
AB  - In this paper I have tried to show how and to what extent, the value added Statement can supplement additional financial information to satisfy all the stateholders of the enterprise. This study sets out to determine whether sufficient evidence on the usefulness of the statement, from the perspective of the users exists. The paper examines some of the theoretical issues regarding the publication of the value added statement as a voluntary disclosure in the process of accounting communication. The social and economic motivation to use value added reporting is linked to the general process of disclosing financial information in a certain business and cultural environment. In this framework, a question arises about the possible role of the value added statement as a way of accounting communi cation in the global economy.
VL  - 5
IS  - 2
ER  -

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Author Information

Md. Afzal Hossain

Department of Business Administration, Shanto-Mariam University of Creative Technology, Uttara, Dhaka, Bangladesh

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APA Style

Md. Afzal Hossain. (2017). Value Added Statement: A Part of Social Responsibility Reporting. Journal of Finance and Accounting, 5(2), 74-79. https://doi.org/10.11648/j.jfa.20170502.11

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ACS Style

Md. Afzal Hossain. Value Added Statement: A Part of Social Responsibility Reporting. J. Finance Account. 2017, 5(2), 74-79. doi: 10.11648/j.jfa.20170502.11

Copy | Download

AMA Style

Md. Afzal Hossain. Value Added Statement: A Part of Social Responsibility Reporting. J Finance Account. 2017;5(2):74-79. doi: 10.11648/j.jfa.20170502.11

Copy | Download

@article{10.11648/j.jfa.20170502.11,
  author = {Md. Afzal Hossain},
  title = {Value Added Statement: A Part of Social Responsibility Reporting},
  journal = {Journal of Finance and Accounting},
  volume = {5},
  number = {2},
  pages = {74-79},
  doi = {10.11648/j.jfa.20170502.11},
  url = {https://doi.org/10.11648/j.jfa.20170502.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20170502.11},
  abstract = {In this paper I have tried to show how and to what extent, the value added Statement can supplement additional financial information to satisfy all the stateholders of the enterprise. This study sets out to determine whether sufficient evidence on the usefulness of the statement, from the perspective of the users exists. The paper examines some of the theoretical issues regarding the publication of the value added statement as a voluntary disclosure in the process of accounting communication. The social and economic motivation to use value added reporting is linked to the general process of disclosing financial information in a certain business and cultural environment. In this framework, a question arises about the possible role of the value added statement as a way of accounting communi cation in the global economy.},
 year = {2017}
}

Copy | Download

TY  - JOUR
T1  - Value Added Statement: A Part of Social Responsibility Reporting
AU  - Md. Afzal Hossain
Y1  - 2017/03/25
PY  - 2017
N1  - https://doi.org/10.11648/j.jfa.20170502.11
DO  - 10.11648/j.jfa.20170502.11
T2  - Journal of Finance and Accounting
JF  - Journal of Finance and Accounting
JO  - Journal of Finance and Accounting
SP  - 74
EP  - 79
PB  - Science Publishing Group
SN  - 2330-7323
UR  - https://doi.org/10.11648/j.jfa.20170502.11
AB  - In this paper I have tried to show how and to what extent, the value added Statement can supplement additional financial information to satisfy all the stateholders of the enterprise. This study sets out to determine whether sufficient evidence on the usefulness of the statement, from the perspective of the users exists. The paper examines some of the theoretical issues regarding the publication of the value added statement as a voluntary disclosure in the process of accounting communication. The social and economic motivation to use value added reporting is linked to the general process of disclosing financial information in a certain business and cultural environment. In this framework, a question arises about the possible role of the value added statement as a way of accounting communi cation in the global economy.
VL  - 5
IS  - 2
ER  -

Copy | Download