Model for the Evaluation and Accounting Record of the Intangible Value of Corporate Social Responsibility with an Environmental Focus for Msmes

Abstract

This study presents an original accounting model that evaluates and records the intangible value created by corporate social responsibility (CSR) from an ecological perspective in micro-, small- and medium-sized enterprises (MSMEs). The study is based on the observation that conventional accounting systems inadequately reflect the value of sustainable practices. Using a qualitative, interpretive approach, the researchers employed an analytical diary and a Triple Entry Table (TET) to integrate the environmental dimension into the accounting evaluation process. The findings demonstrate that incorporating CSR as an intangible asset enhances the transparency, sustainability, and credibility of companies, enabling MSMEs to formally acknowledge the value they generate through their social and environmental initiatives. The proposed model offers a flexible and verifiable procedure compatible with International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS), enhancing the usefulness of the accounting system and supporting sustainable strategic decision-making.