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Brice Martinez
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Sep 10
sRS financials
The Social Reporting Standard (sRS financials) provides a standardized reporting guideline for initiatives and projects in the non-profit sector. The term SRS is inspired by the Financial Reporting Standards of for-profit companies.
Unlike traditional businesses, social enterprises and non-profit organisations are not primarily focused on maximizing profits, but rather on social issues. Therefore, the application of Financial Reporting Standards for such organisations is not appropriate. Thus, the development of the SRS, which takes into account the unique goals of non-for-profit organisations, is essential.
Generally speaking, all reporting guidelines in the social sector can be regarded as SRS. Such a concept for reporting standards (accounting and legal) in the social sector has been developed by several experts in the German social sector. Thus far the SRS has received broad support and is widely used. The Social Reporting Standard (SRS) approach is an open non-commercial proje
Sep 10