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Sample Assignment on Accounting (doc)

   

Added on  2021-06-16

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Running head: ACCOUNTINGAccountingName of the StudentName of the UniversityAuthor’s Note
Sample Assignment on Accounting (doc)_1
1ACCOUNTINGIntroductionIn today’s business world, it is needed for the businesses to disclose all the requiredinformation about their different kinds of initiative towards the betterment of the people ofsociety and the environment. Due to the presence of large number of issues related to corporatesocial and environmental aspects, the companies have been forced to release stand alone reportsfor the disclosure of information related to these aspects. As these reports are long in lengths,complex in nature and they lack integration with the financial performance of the organizations,there is a greater need to have a single report that will ensure to integrate social andenvironmental performance of the organizations with financial performance (Stubbs and Higgins2014). In this aspect, corporate integrated reporting plays a crucial part by providing a succinctcommunication about the process in which an organization’s strategy, governance andperformance help in the creation of value.Purpose of Integrated ReportingFor the business organizations all over the world, it has become a global need forpromoting sustainable development and financial stability by effectively linking investmentdecisions, corporate behavior and reporting. For this reason, businesses have the requirement ofan evolution in the reporting system so that the mega trends can be facilitated and communicatedwithout bringing any inadequacy and complexity of the present reporting requirements(integratedreporting.org 2018). The main purpose for the creation of corporate integratedreporting is to enhance stewardship, accountability and trust along with harnessing theinformation flow and business transparency brought by the technology in today’s business world.Integrated reporting helps to provide the investors with their required information in order to
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2ACCOUNTINGmake more effective capital allocation decisions that facilitate in effective long-term investmentdecisions (integratedreporting.org 2018).On a more specific note, the main aim of corporate integrated reporting is to bringreporting developments so that it becomes possible in providing a more holistic form of reportinghelping the businesses in value creation after considering the non-financial resources of thebusinesses like human and social capital along with the financial capital (integratedreporting.org2018). The vision of corporate integrated reporting is to align allocation of capital with corporatebehavior for wider goals of financial stability as well as sustainable development throughintegrated thinking (icas.com 2018). In order to facilitate this vision, the international frameworkfor integrated reporting has been developed that includes principle-based guidance and otherelements for governing and explaining the information within a corporate integrated report. Forthis reason, the framework for integrated has been introduced in accordance with the effectivevalue creation model that the businesses have in the recent era (icas.com 2018).Necessity of Integrated ReportingThe above discussion shades light on the purpose of integrated corporate reporting. Now,it is crucial to mention about the major necessities of corporate integrated reporting for thebusiness organizations of 21st centuries. Today’s sustainability reports are considered as morewindow dressing than major substance as they lack effectiveness in influencing the resourceallocation decisions of the organizations. For this reason, there is a clear necessity of corporateintegrated reporting for making effective resource allocation decisions (de Villiers, Rinaldi andUnerman 2014). The implementation of corporate integrated reporting ensures the integration ofsustainability into the core business operations of the companies. After that, another major issue
Sample Assignment on Accounting (doc)_3

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