Relationship Between CSR and Accounting Policies: ASX Companies

This research project examines the relationship between Corporate Social Responsibility (CSR) and accounting policies, focusing on five ASX-listed companies: Dark Horse Limited, Dexus Limited, Dampier Gold Limited, Devine Limited, and Dacian Gold Limited. The analysis considers how these companies address CSR through their accounting practices, including employment of locals, community relations, environmental protection, and labor rights. The project reviews how these companies adhere to accounting standards like AASB, the Corporations Act 2001, and IFRS, specifically evaluating their use of historical cost and fair value in financial reporting. The study concludes that accounting policies significantly influence the presentation of CSR activities, particularly through sustainability reports, which are essential under IFRS guidelines. The research utilizes qualitative research methods and examines the companies' annual reports to assess their financial performance and CSR initiatives. The findings highlight the importance of accounting policies in shaping the financial statements and, consequently, the portrayal of corporate social responsibility.

RELATIONSHIP BETWEEN
CORPORATE SOCIAL
RESPONSIBILITES AND
ACCOUNTING POLICIES

ANALYSIS OF CSR OF ASX LISTED COMPANIES
• Dark Horse Limited looks after the employment of the locals, relations with the
community and also the sustainable development in Argentina.
• Dexus Limited aims to improve the working condition of the workplace.
• Dampier Gold Limited involved in safeguarding the environment.
• Devine Limited aims to increase the quality of the workplace and safeguard the
health of the employees.
• Dacian Gold Limited safeguard the labour rights.

SUSTAINABILITY, COMPANY SOCIAL RESPONSIBILITY AND ETHICS
COMPANY
NAME
SUSTAINABIL
ITY
CORPORATE
SOCIAL
RESPONSIBIL
ITY
ETHICS
DACIAN GOLD
LIMITED
The company
holds a
considerable
amount of
market share in
the Australian
gold industry.
To maintain its
sustainability
the company
strength its
going concern.
The company
takes serious
measure
regarding the
workplace of
the employees.
After analysing
the annual
report of the
company, it can
be determined
that company
created the
financial
statements
after
considering the
rules and
regulations
mentioned in
the Australian
Accounting
Standard Board
and

DAMPIER
GOLD
LIMITED
The company
similarly like
Dacian Gold
Limited
maintains the
sustainability
by strengthen
the going
concern of
the company.
The company
does not
release any
news feed or
does not
publish
anything
regarding
corporate
social
responsibility
in its annual
report.
The company
publishes the
annual report
after
following the
rules and
regulations
mentioned in
the
International
Financial
Reporting
Standard.
DARK HORSE
LIMITED
The company
increases its
sustainability
by improving
the corporate
governance of
the company.
The company
mainly focuses
in improving
the condition of
Argentina.
The company
follows the
rules and
regulations of
the regulatory
authority for
creating the
annual report
of the company

DEVINE
LIMITED
The company
implements
new
strategies for
improving the
position in
the market.
The company
does not
disclose
anything
about the CSR
project.
The company
follows the
rules and
regulations
for
preparation of
the annual
report of
IFRS.
DEXUS
LIMITED
The company
only focuses on
the profitability
of the company
and thus, the
sustainability of
the company
increases.
The company
focuses in
increasing the
condition of the
workplace.
The company
focuses in
maintain the
truthfulness
while providing
the financial
statements of
the company.

ACCOUNTING PRACTICES
• All the listed companies follows the rules and regulations of Australian Accounting
Standard Board (AASB)
• All the listed companies follows the rules and regulations of Corporation Act, 2001
• All the listed companies follows the rules and regulations of International Financial
Reporting Standards (IFRS)
• The companies follows the historical cost to evaluate the financial assets and
liabilities.
• The standard safeguard the going concern of the company.

FINDINGS
• The companies mainly consider the historical cost for the evaluation of the assets
and liabilities.
• The companies consider the fair value for representing the derivative instruments.
• The policies of the accounting standard are made to safeguard the shareholder’s
interest.

CONCLUSION
It can be concluded that the importance of the accounting policies in formulating the
financial statements is immense. The accounting policies of the company determines
the corporate social responsibility with the helps of sustainability report. According to
the International Financial Reporting Standard (IFRS) the companies must present
the sustainability report. This report will give the brief regarding the sustainability
and corporate social responsibility activity.

REFERENCING
Camfferman, K. and Zeff, S.A., 2015. Aiming for global accounting standards: the
International Accounting Standards Board, 2001-2011. Oxford University Press,
USA.
Doda, B., Gennaioli, C., Gouldson, A., Grover, D. and Sullivan, R., 2016. Are
corporate carbon management practices reducing corporate carbon
emissions?. Corporate Social Responsibility and Environmental Management, 23(5),
pp.257-270.
Galant, A. and Cadez, S., 2017. Corporate social responsibility and financial
performance relationship: a review of measurement approaches. Economic research-
Ekonomska istraživanja, 30(1), pp.676-693.
Grossi, G., Steccolini, I., Biondi, L. and Lapsley, I., 2014. Accounting, transparency
and governance: the heritage assets problem. Qualitative Research in Accounting &
Management.
Guthrie, J., Evans, E. and Burritt, R., 2014. Australian accounting academics:
challenges and possibilities. Meditari Accountancy Research, 22(1), pp.20-37.
Jizi, M.I., Salama, A., Dixon, R. and Stratling, R., 2014. Corporate governance and
corporate social responsibility disclosure: Evidence from the US ban

THANK YOU