How financial accounting can influence social responsibility
A topic on (How can cost accounting provide social responsibility)
Saudi Electronic University
College of Administrative and Financial Sciences
Financial Accounting
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Financial Accounting
Course Code: ACCT 201
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Grade Level: High/ Middle / Low
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(Social Responsibility Al Rajhi Bank)
– Our responsibility towards our society has always been at the forefront of our
commitments and is one of the bank’s main objectives. We are proud of our service
to the community by redirecting funds from the community.
(The Health)
Establishment of Al Rajhi Bank Cardiac Catheterization Center at Al-Rass General Hospital
SAR 10,161,000
Establishment of Al Rajhi Bank Center for Physical and Occupational Therapy and Anti-Smoking
at Turaif General Hospita
lSAR 7,800,000
Supporting the infertility and fertility program at King Faisal Specialist Hospital
SAR10,000,000
Purchasing and equipping two mobile blood carts with Wareef Charity
SAR 6,000,000
Al Rajhi Bank Diabetes Center in Qassim
SAR 13,500,000
(Education)
Contributing to the endowments of King Saud University
SAR 70,000,000
Contributing to the endowments of King Fahd University of Petroleum and
Minerals
SAR 20,000,000
Contributing to the establishment and establishment of the Center of
Excellence for Autism
SAR 44,000,000
Al Rajhi Bank Educational Program for Orphan Care
SAR 14,714,000
(Housing)
Director of the largest electronic charitable subscription according to
Guinness World Records (Good Housing Charitable Subscription), and
contributing to this campaign in the amount of 100 million riyals provided
by the bank and its clients.
SAR 100,000,000
Purchasing 222 ready housing units
SAR 40,000,000
Buy an entire block in the Golden Joud scheme
SAR 1,000,000
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(Financial data for the year 2022)
– Net income for 2022
17,150,825,000 SAR
Total social responsibility, as announced on the company’s website, represents
approximately 2% of net income
Disclosure of social responsibility and its impact on accounting financial
performance indicators, market performance indicators, financial leverage, and
capital adequacy ratio. The results showed that there is a direct relationship
between the disclosure of social responsibility and accounting financial
performance indicators, market performance indicators, and financial leverage,
and an inverse relationship with the capital adequacy ratio, in addition to the
presence of a statistically significant effect for the level of social responsibility
disclosure and both the return on assets and the return on equity. Ownership rights,
market share price, and share turnover rate
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The point of view on the impact of social responsibility
on the financial statements:
1- Improving the relationship between society and the brand.
2- It enhances the quality of life, which is reflected in the individual’s health and
consumption behavior.
3- Direct marketing to enhance the company’s reputation and gain customer
loyalty.
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