Accounting for the social economy: The socioeconomic impact statement

Laurie Mook, Jack Quarter

Research output: Contribution to journalArticle

15 Scopus citations

Abstract

Organizations within the social economy have unique characteristics, yet their accounting procedures do not reflect this uniqueness, and rather are designed for private-sector organizations that exchange their goods and services in the market. We argue that conventional accounting creates a perception that social economy organizations are users of resources and separate from the private and public sectors, rather than creators of value and an integral part of our society (Quarter, Mook, and Richmond, 2003a). This paper addresses the accounting needs of social economy organizations by presenting a model of social accounting-the Socioeconomic Impact Statement-that may help bring out the impact of such organizations. The paper presents a demonstration project of the potential utility of the Socioeconomic Impact Statement.

Original languageEnglish (US)
Pages (from-to)247-269
Number of pages23
JournalAnnals of Public and Cooperative Economics
Volume77
Issue number2
DOIs
StatePublished - Jun 1 2006
Externally publishedYes

ASJC Scopus subject areas

  • Sociology and Political Science
  • Economics and Econometrics

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