Corporate External Reporting Analysis

Running head: CORPORATE EXTERNAL REPORTING ANALYSIS
CORPORATE EXTERNAL REPORTING ANALYSIS
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1CORPORATE EXTERNAL REPORTING ANALYSIS
Executive Summery
This report is prepared to analyse the concept and the various aspect of the conceptual
framework and the sustainability reporting of the firm. This report analyse the every aspect of
both the concept of the financial reporting. The paper also analyse the annual report of the
Sandfire Resources NL an Australian based company and the Sappi Limited an Africa based
company to analyse how the two different companies of two different countries applies the
conceptual framework in their financial information reporting and preparing the sustainability
reporting for their firm.

2CORPORATE EXTERNAL REPORTING ANALYSIS
Table of Contents
Introduction................................................................................................................................3
Discussion..................................................................................................................................3
Part A. Conceptual Framework..................................................................................................3
Requirement a........................................................................................................................3
Requirement b........................................................................................................................4
Requirement c........................................................................................................................5
Requirement d........................................................................................................................6
Part B: Integrated/ Sustainability Reporting..............................................................................7
Requirement a........................................................................................................................7
Requirement b........................................................................................................................8
Requirement c........................................................................................................................9
Requirement d......................................................................................................................10
Requirement e......................................................................................................................12
Conclusion................................................................................................................................13
References and Bibliography...................................................................................................14

3CORPORATE EXTERNAL REPORTING ANALYSIS
Introduction
The report is prepared to analyse the history and the development of the conceptual
framework for financial reporting in USA, UK, and Australia and globally under the
international Accounting Standards Board. The report also discuss the applications of the
IASB or the IFRS conceptual framework for financial reporting. Further, this report discus
about the quality of the conceptual framework for financial reporting. The report consider
that the Sandfire Resources NL to identify how the company applied the conceptual
framework in their reporting of the financial information. The reports company prepared
under the conceptual framework and what are their component. This report also analyse the
balance sheet of the firm to understand the principles used by the firm to report its asset and
liabilities in their annual report. While, the other part of the report discuss about the
sustainability reporting. The report compare and contrast the sustainability guideline of the
global reporting initiative and the international integrated reporting framework of the
international integrated reporting. Further, this report is explains the advantages and
disadvantages of the conventional accounting. This also explain the uses of the sustainability.
The report also compare the Sappi Limited as the South Africa company to compare and
contrast an integrated report, the Australian company corporate responsibility.
Discussion
Part A. Conceptual Framework
Requirement a
The conceptual framework have a long history as this is firstly introduced by the Plato
as the Plato’s conceptual model in the beginning of current model. A long time ago, the
accounting concepts are started developing by the United Kingdom’s Accounting Standards
Board in 1991. This model the involved various developments and recommended by the