Sustainability accounting

Sustainability accounting by presenting a holistic view of the organization activities and providing a balanced view of its economic, social and environmental impacts and benefits, and by presenting sustainability reporting seeks to encourage business units and investors to maintain the mutual benefits of all stakeholders in the society. Given the criticisms that researchers have had about the efficiency of sustainability reporting, the purpose of this article is to develop sustainability accounting by presenting a new model that can address the challenges in sustainability accounting and can be a good alternative to sustainability reporting. Social value-added is the sum of tangible and intangible values created and added to society by a business through technological development/change and the knowledge of its manufacturing engineers and managers. In this research, to test the proposed social value added model, Nano engine oil was selected randomly and the test was performed using paired comparison of data. The results of the research showed that social value-added statement can be an appropriate report for evaluating the economic, social and environmental performance of a business entity. Nano engine oil has a social value added of 3797.2 percent compared to regular engine oil, that 15 percent of it is related to tangible value added and 85 percent to intangible value added. 

Financial health has a significant impact on business continuity. Factors affecting financial health are crucial for all companies. Nowadays, in addition to economic factors, social and environmental factors influence the financial health of companies. Therefore, this research aims to investigate the effects of sustainability accounting components on the financial health of manufacturing companies. In terms of aim, the current research was applied. In terms of data collection, the present study was descriptive-survey. The research data was collected through a questionnaire. The population of this study included senior accountants and financial managers of Iranian manufacturing companies. Data analysis was done using structural equation modeling and with the help of SPSS version 26 and SmartPLS version 3 software. The sample size was 172 accountants. According to the research findings, four components of sustainability accounting (i.e., accounting ethics awareness, voluntary accounting proactiveness, transparency accounting mindset, and corporate social responsibility report) affected financial health significantly. On the other hand, the component of human capital disclosure had no significant impact on financial health. In today's business environment, social and environmental issues have a key role in gaining competitive advantage. Therefore, companies should disclose information about their social and environmental performance. This would able them to improve their financial health by increasing sales.