Essay About Integrated Reporting Process And Approachconcise        Reports

Accg 399 Case Study Assignment – Case Study – thonguyen123
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Accg 399 Case Study Assignment
Basically integrated reporting is a mixture of a company’s external environment that in turns affects strategy, governance, performance and its prospects. This leads to a value adding of a company in the short, medium or long term (IIRC 2013). The difference between integrated reporting and traditional reporting is that integrated reporting provides a wider explanation. It makes visible an organizations use of and dependence on different resources and relationships or capital comprising of financial, manufactured, human, intellectual, natural and social and the organizations access to and impact on them (IIRC 2013). The table below further differentiates traditional reporting with integrated reporting:Traditional ReportingIntegrated ReportingThinkingIsolated thinkingIntegrated thinking such as monitoring, managing and communicating the full complexity of the value creating process.StewardshipDisplays in terms of financial capitalDisplays not only financial capital but also other aspects that comprise capital such as manufactured, human, intellectual, natural and social.FocusPast financial performance and financial risksTakes into consideration of past as well as other reports to connect and link it with the company’s strategic objectivesTimeframeShort term considerationsShort, medium as well as long term considerationsTrustDisclosures are narrow Provides for more transparencyAdaptiveCompliance orientatedPrinciples based approachConcise        Reports are long and complexReports are concise and materialTechnology enabledPaper basedTechnology enabled

I would agree to a certain extend. Firstly, it is good that the integrated reporting process is intended to be applied continuously to all relevant reports and communications, which give users of this report an overall perspective. However, not having to duplicate content will be a challenge as information has to be concise yet represents everything that requires to be covered. My stand is similar to the Dutch Accounting Standards Board (DASB), as companies are already providing financial information, which are based on frameworks such as the IFRS and non-financial frameworks like the UN Guiding Principles on Business and Human Rights. By preparing a stand-alone integrated report on top the statutory financial reporting will only make business feel that there is excessive regulations and on the investors perspective, they would have an information overload therefore it would be double-edged in the end (DASB 2013). With regards to integrated reporting not to develop duplicating content would be a challenge because an integrated report aims to put together all information into a single report. However, there are many stakeholders and they might not be interest in the idea as they might be interested in one particular aspect and the information provided in the integrated report might be insufficient due to it being short and concise. FlughafenMünchen GmbH – Munich Airport, point is similar to what I mentioned. They refer to the integrated report as a master report that includes all material aspects and should be linked to other media as well to provide a more detailed information. Therefore duplication of information is inevitable (FlughafenMünchen GmbH – Munich Airport 2013).The interaction with other reports and communication is important in today’s society, as everything is technology driven. As for reports, there are references to other websites and reports to substantiate the information iterated. This in turns interacts with other reports. The integrated report describes the six categories of capital namely financial, manufactured, intellectual, human, social & relationship and natural as benchmark to ensure organizations consider all forms of capital. I would agree with PWC’s stand that the concept of capitals is fundamental to the notion of value creation and to the reach of integrated reporting beyond the emphasis on traditional financial reporting provided by many companies today (PWC 2013).However, using benchmark in this instance I feel would make it look very regulative. Therefore, I feel that it should be used as a guideline instead. In addition, as some companies may choose to merge intellectual, human and social capitals together or have a different categorization (Eurosif 2013) we should not make them feel it is a regulation.

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“Accg 399 Case Study Assignment” EssaysForStudent.com. 04 2016. 2016. 04 2016 < "Accg 399 Case Study Assignment." EssaysForStudent.com. EssaysForStudent.com, 04 2016. Web. 04 2016. < "Accg 399 Case Study Assignment." EssaysForStudent.com. 04, 2016. Accessed 04, 2016. Essay Preview By: thonguyen123 Submitted: April 21, 2016 Essay Length: 1,585 Words / 7 Pages Paper type: Case Study Views: 377 Report this essay Tweet Related Essays Nike Case Study SHORT CASE SUMMARY Nike, Inc. (503-671-6453, www.nike.com) is the worlds #1 athletic shoe and apparel seller. Nike currently employs 20,700 employees, with total sales of 1,706 Words  |  7 Pages Brinkerhoff International Inc Case Study MEMORANDUM TO: JUAN C. ARAQUE FROM: GROUP #6 SUBJECT: CASE STUDY FOR COMPANY "BRINKERHOFF INTERNATIONAL INC." DATE: 11/14/00 CC: HUMAN RESOURCE DIRECTOR OBJECTIVE: After careful 2,797 Words  |  12 Pages Nafta Case Study NAFTA Five Years of Failure By: Jeff Dotson In December of 1992, Presidents Salinas (Mexico), Bush (U.S.) and Prime Minister Brian Mulroney of Canada signed 8,025 Words  |  33 Pages Critical Thinking Case Study: Let It Pour- My First Assignment as Executive Assistant Let It Pour: My First Assignment as Executive Assistant Hospitals are a necessary part of every individual's life. When one thinks of hospitals, help comes 2,200 Words  |  9 Pages Similar Topics Case Study Gerber Babyfoods Montclair Papermill Case Study Get Access to 89,000+ Essays and Term Papers Join 209,000+ Other Students High Quality Essays and Documents Sign up © 2008–2020 EssaysForStudent.comFree Essays, Book Reports, Term Papers and Research Papers Essays Sign up Sign in Contact us Site Map Privacy Policy Terms of Service Facebook Twitter