In some other countries this view is not followed. The Source of Corporate Power Corporations are powerful. The power is a function of their size. SAC 3 requires information to be reliable. AASB 1011 requires nearly all research expenditure to be expensed.
Research is usually beneficial to society.
Accounting has a short-term focus. Many social policies have a long-term return. Accounting is the language of business. In accounting, there is no way of expressing a social benefit. Many companies make social responsibility disclosures.