1.1 BACKGROUND OF THE STUDY
Government in development countries are facing formidable table of fastening application of social accounting techniques and the distribution of household wealth and initiating programs that will stimulate and enhance the economic growth of their countries despite the difference in their ideological isientation and political setting. Application of social accounting have some possible area in which corporate social objective may be found, eg net income contribution.
Social accounting take a wide variety of form and appears under various label, social accounting is used here as a generic term for convenience to cover all form of account which go beyond the economic and for all the different labels in which it appears. Social accounting social audit corporate social reporting the giving and receiving of account seems to be entirely social and either formal or informal in nature.
Wealth is Nigeria has always been distributed highly unequally, perhaps even more so before the civil war than today ass demonstrated in the work of economist the rich daily rise out of the crowd and constantly retrieve thither.
A comparison of familiar between 1966 and 1976 found that 35% increase at least one decline a 10% of wealth and 10% move up to lest two declines over the same period 34.6% move down at least one deceiver and 17.9% move down at two decile
A study of families between 1984 and 1994 formed that 60% of families in the bottom deciles moved to a higher derive 10 years later.
Giving these economic realities the government in developing countries conscious to step up development social accounting and distribution of household wealth as last resort in order to bridge the gap that from the developing programmes.
1.2 STATEMENT OF THE PROBLEM
The conception of business social accounting is seen by some business men and women an obstacle to their profit making objective. Actually , this consumer with a product or service at the least possible price. It is unfortunate that many business people have misinterpreted and misunderstood the concept of social accounting. Many of them have viewed it as a focus which is different form their profit minded pursuit.
The Nigeria business men and entrepreneur one dishonest, consequently they general public about the true worth their business, so that they can ighnore the ideal of social accounting.
The low level of attention given to business, social accounting of manger indicate that they are ethically oriented towards the welfare of the society o this could be related to the value they attach to the concept. The negative attitude could be changed through re Vientiane their ethical value system. His objective can be achieved by organizing symposia.
1.3 RESEARCH QUESTIONS
1. Is social accounting an obstacle to business profit making
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