Accounting Entity

An accounting entity is any organizational social unit for which financial and economic data are collected and processed for the purposes of decision making (Hillman, Kochanek and Norgaard, 1992, p. 15). The purpose of an entity is to run short for the good of all the stakeholder groups and obtain funds at favorable rates to create future gelt (Boland, 2010, pp. 41-44). Rights of the stakeholders of an entity.Stakeholders are individuals and groups that are affected by an organizations policies, procedures, and actions (Advameg, 2011). The stakeholders overwhelm creditors, employees, customers, government bodies, special interest groups and the local community. Stakeholders, such as employees and owners, may have specific level-headed dears and expectations in regard to the organizations operations and them include (Boland, 2010, p. 44). the right to equal opportunity and non-discriminatory treatment the right to tribute of persons the rights of workers and their families co nsumer rights and protections and environmental rights and standards require corporations, within their respective spheres of activity and charm, to promote encourage corporations to consult with stakeholders and communities about their activities, influence and impact Our groups general good philosophy.In addition to being aligned with the Stakeholders theory and reporting, Group As general ethical philosophy also focuses on sustainable development of an entity, specifically on how organizations occupy to make commitment to sustainable business practices towards communities. For the reason out that reporting and providing information about social and environmental performances of an entity increases the trust that communities have in the organization ( Deegan, 2006).