Challenges of Implementing Social Responsibility Accounting in the Industrial Sector: A Field Study on the Al-Marqab Cement Factory

Abstract

This study explored the challenges facing the implementation of social responsibility accounting in the industrial sector. To achieve this goal, the researchers distributed 21 questionnaires to all employees in the factory's financial department. The 21 questionnaires were then retrieved. The SPSS program was used to analyze the data, test hypotheses, and draw conclusions. The study reached several results, the most important of which are: There are a number of challenges facing the application of social responsibility accounting in the industrial sector in Libya, the most important of which is the lack of standards for measuring social costs and the difficulty of separating social expenditures from other expenditures, and that there is no separation between traditional financial statements and social financial statements. Accordingly, the study recommends: the necessity of having standards to measure social costs, separating social expenditures from other expenditures, and preparing social financial statements separate from traditional financial statements.