Reason for selection of the two articles

Author : henrywillson
Publish Date : 2021-01-27


Reason for selection of the two articles

Employee benefits are the benefits that the employees receive in cash or kind from the company. Various kinds in employee benefits would be inclusive of bonuses, profit sharing, free meals, use of a company, pension, car etc. . There are two articles that have been stated by two accounting journals that is based on employee benefits, they have been selected for the stated reasons-

  • There are various regulations that have been stated by the auditing standards that deals with recognition and measurement of the benefits that the employee receives. Their accounting and measurement also involves a lot of judgement on part of the management and thus proper assumptions should be done. These two articles deals with that.
  • It is important that auditors should analyse all the requirements that have been stated by these standards and take decisions accordingly.Both the articles highlights the need for disclosure of employee benefits. The articles also state how effective employee related policies are an indicator on the overall performance of the management of the company.
  • Both articles highlights the conflicts that the management faces between shareholder wealth maximisation and satisfying the needs of other shareholders.

Purpose of the two studies

There is an article by Sarah and co-authors tiled” Moral accounting? Employee disclosures from a stakeholder accountability perspective” that states how the treatment of the employee benefits by the companies is an important indicator of their standing in the company and what are the effective internal control measures that have been adopted by the management for this (Williams & Adams, 2013). The second article is by Pamela and Tamara, titled, “Attaining legitimacy by employee information in annual reports” this deals with overall requirements of the management to state and disclose the employee benefit related information in the annual report of the company. It seeks to provide evidence that is related to quantity and quality of voluntary employee related information that needs to be disclosed in the annual report of the company. The article seeks to put emphasis on this point that if the companies are disclosing their employee related information in the annual report to make their overall relationship better with the society (Werner, 2017) In the second article, Adoption of the Corporate Governance practices is the best way companies can deal with the overall objectives that the society demands from the companies with relation to scattered and disbursed importance. The research article has analysed the annual report of companies that are listed on the stock exchange with respect to employee benefits disclosures that they have done and if their stand is correct. The employee related information is categorised as positive, negative or a combination of both positive and negative as reflected on the annual reports. The article analysis the social responsibility disclosures that are related to the relationship between a company and its social and physical environment, that is also inclusive of human resources and community participation of these factors (Alexander, 2016).

Similarities and Differences between the two articles

Both the articles are talking about the importance of employee related benefits and how the companies should take it seriously and should provide proper compensation to the employee as they are dependant on the management in many ways. It is also an indicator whether proper internal controls are in place or not. That also depicts the strong position of all the stakeholders and they can decide whether they want to invest or not.

 
 
 
 
 
 
 
 
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Category :business


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