ABSTRACT
4S accounting has many implications for, and highlights problems with, current accounting standards and this chapter identifies 12 of these implications. Since 4S accounting coordinates with the stakeholder knowledge network which in turn coordinates with strategy to generate the LEADERS business model, 4S should also play a prominent role in the business review section of the annual report. It is possible to structure the business review around four sections, each linking movements in a slice of equity to changes in the stakeholder propositions and tracking these changes to both environmental change and strategy. This chapter reviews the significance of 4S for financial reporting in terms of both the accounting and the business review section in the annual report.
