The correct answer is: A. Social Accounting
Jaggi and Lau’s Model is a social accounting model that was developed in 1976 by N. K. Jaggi and S. S. Lau. The model is used to measure the social performance of a company. It does this by identifying and measuring the company’s social impacts, both positive and negative. The model then uses these impacts to calculate the company’s social performance score.
Social accounting is a type of accounting that focuses on the social impacts of a company’s activities. It is a relatively new field of accounting, and there is no single agreed-upon definition of social accounting. However, most definitions of social accounting include the following elements:
- Identification and measurement of a company’s social impacts
- Reporting of the company’s social impacts to stakeholders
- Use of the information to improve the company’s social performance
Social accounting can be used to measure a wide range of social impacts, including:
- Environmental impacts
- Employee impacts
- Community impacts
- Customer impacts
- Supplier impacts
Social accounting can be used to improve a company’s social performance in a number of ways. For example, it can help companies to identify and address social problems, to improve their relationships with stakeholders, and to attract and retain employees.
Social accounting is a valuable tool for companies that want to improve their social performance. It can help companies to identify and address social problems, to improve their relationships with stakeholders, and to attract and retain employees.
Here is a brief explanation of each option:
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Social Accounting: Social accounting is a type of accounting that focuses on the social impacts of a company’s activities. It is a relatively new field of accounting, and there is no single agreed-upon definition of social accounting. However, most definitions of social accounting include the following elements:
- Identification and measurement of a company’s social impacts
- Reporting of the company’s social impacts to stakeholders
- Use of the information to improve the company’s social performance
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Human Resource Accounting: Human resource accounting is a field of accounting that focuses on the measurement and reporting of the value of a company’s human resources. Human resource accounting can be used to measure a variety of human resource-related costs and benefits, such as the cost of recruiting and training employees, the cost of employee turnover, and the benefits of employee productivity.
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Inflation Accounting: Inflation accounting is a type of accounting that adjusts financial statements for the effects of inflation. Inflation accounting can be used to provide a more accurate picture of a company’s financial performance in an inflationary environment.
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None of the above: Jaggi and Lau’s Model is not related to inflation accounting.