Accounting Entity

An accounting entity is any organizational unit for which financial and economic data be gathered and processed for the purposes of decision do (Hillman, Kochanek and Norgaard, 1992, p. 15). The purpose of an entity is to work for the good of all the stakeholder root words and obtain funds at favorable rates to create future profits (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 include creditors, employees, customers, government bodies, special interest groups and the local community. Stakeholders, such as employees and owners, may cod specific legal rights and expectations in regard to the organizations operations and them include (Boland, 2010, p. 44). the right to equal opportunity and non-discriminatory discourse the right to security of persons the rights of workers and their families consumer rights and pro tections and environmental rights and standards require corporations, within their respective spheres of bodily function and influence, to promote encourage corporations to consult with stakeholders and communities about their activities, influence and impact Our groups ecumenic ethical philosophy.In addition to being adjust with the Stakeholders theory and reporting, Group As general ethical philosophy also focuses on sustainable development of an entity, specifically on how organizations need to make commitment to sustainable business practices towards communities. For the occasion that reporting and providing information about social and environmental performances of an entity increases the trust that communities have in the organization ( Deegan, 2006).