Rural Micro Entrepreneurship
Integrated Reporting:
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A one step ahead towards Corporate Reporting
*Dr.Manisha S.Bhatt,
Abstract:
The annual reports are long and are getting longer. But, because reporting has evolved in separate, disconnected strands, critical interdependencies between strategy, governance, operations and financial and non-financial performance are not made clear. To provide for the growing demand for a broad information set from markets, regulators and civil society, a framework is needed that can support the future development of reporting, reflecting this growing complexity. Such a framework needs to bring together the diverse but currently disconnected strands of reporting into a coherent, integrated whole, and demonstrate an organization’s ability to create value now and in the future. Integrated Reporting brings together the material information about an organization’s strategy, governance, performance and prospects in a way that reflects the commercial, social and environmental context within which it operates. It provides a clear and concise representation of how an organization demonstrates stewardship and how it creates value, now and in the future. Integrated Reporting can reduce the reporting burden on organizations while improving investors, and other stakeholders, insight and understanding.
Key words:
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Integrated reporting, Corporate Governance, Corporate reporting
*Dr.Manisha S.Bhatt, Assistant Professor, C.Z.Patel College of Business and Management, Vallabh Vidyanagar
Introduction:
Now a day’s start the era of convergence in corporate reporting. Traditionally company reporting primarily consists of financial information of the organisation. The balance sheet, Income statement and the accompanying directors’ report together outline the company’s performance. In the past decades a shift has occurred in how companies report on the impact they have
-------------------------------------------------
A one step ahead towards Corporate Reporting
*Dr.Manisha S.Bhatt,
Abstract:
The annual reports are long and are getting longer. But, because reporting has evolved in separate, disconnected strands, critical interdependencies between strategy, governance, operations and financial and non-financial performance are not made clear. To provide for the growing demand for a broad information set from markets, regulators and civil society, a framework is needed that can support the future development of reporting, reflecting this growing complexity. Such a framework needs to bring together the diverse but currently disconnected strands of reporting into a coherent, integrated whole, and demonstrate an organization’s ability to create value now and in the future. Integrated Reporting brings together the material information about an organization’s strategy, governance, performance and prospects in a way that reflects the commercial, social and environmental context within which it operates. It provides a clear and concise representation of how an organization demonstrates stewardship and how it creates value, now and in the future. Integrated Reporting can reduce the reporting burden on organizations while improving investors, and other stakeholders, insight and understanding.
Key words:
-------------------------------------------------
Integrated reporting, Corporate Governance, Corporate reporting
*Dr.Manisha S.Bhatt, Assistant Professor, C.Z.Patel College of Business and Management, Vallabh Vidyanagar
Introduction:
Now a day’s start the era of convergence in corporate reporting. Traditionally company reporting primarily consists of financial information of the organisation. The balance sheet, Income statement and the accompanying directors’ report together outline the company’s performance. In the past decades a shift has occurred in how companies report on the impact they have
References: * Shredian Brendan, Finance and Management Integrated Reporting, Accountancy Plus. Issue March 2012, Page No.29-30 * http://editthis.info/effcom/Recent_trends_in_financial_reporting access on 23rd July,2012 * http://www.isrj.net/August/2011/commerce_corporatereportingpractice_in_globalised scenario access on 2nd August,2012 * http:// www.theiirc.org/integrated _reporting access on 23rd July,2012 * http:// www.kpmg.com/Integrated_ reporting access on 2nd August,2012