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Integrated Reporting & Framework

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Added on  2021-05-30

Integrated Reporting & Framework

   Added on 2021-05-30

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Integrated Reporting1INTEGRATED REPORTINGStudent by (Name)Professor’s (Name)College Course Date
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Integrated Reporting2
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Integrated Reporting3Abstract The overall description of integrated reporting brings us in the value creation processwhere the whole concept is underlying. International integrated reporting council advises allfirms to denote all their capital to enable a good value creation. The capitals should include allthe aspects of a business which includes financial, human, social, relationships and naturalresources of a business. Taking to account all the resources in the integrated reporting allows fora good value creation to the business. The content of this papers is directed towards justifying thestatement by two authors with relation to the usefulness of preparing an integrate report for anorganization. The content of the paper also discusses various advantages and disadvantages of anintegrated report ending with recommendations at the conclusion.Introduction to Integrated ReportingIntegrated reporting is an activity centered on the integrated thinking that results in aperiodic reporting on the value creation of a firm as time goes. It also focuses on thecommunication used in the value creation of an organization. Before discussing the main core ofthe paper it is important to get some aspect very clearly to get all the concepts. It is also definedas a precise way of communication about how an establishment’s plan on how the work is doneimminence. It focuses much in the activities taking place in respect to the internal and externalenvironment, authority, presentation and projections. Integrated reporting also aims to addressingthe problems associated with an organization or a firm and gives a clear direction towardsimproving the value. (ACCA and NBA 2013)The study problem or question:
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Integrated Reporting4What is the impact of using an integrated reports within an organizationand its governance? Are the claims and views of Flower (2015) and Adams (2015) regardingthe usefulness of integrated reports true?Benefits of Integrated ReportingIntegrated reporting is reinforced by the international integrated reports council which isa coalition built of the watchdogs, investors, corporations, standard setters, the certifiedaccounting professionals and the non-government organization who share the view of bettercommunication in improving the integrated reporting. International integrated reporting councilhave resulted to evolution of cooperate accounting reports. Integrated reporting aims to create onreporting developments to provide an extended practice of reporting the value created by a firm,by taking in concern of non-financial possessions such as mortal, social and knowledgeableresources as a monetary investment. Integrated reporting ensures that all the aspects of thebusiness are followed to the latter. It does not major with the finance only but other aspects arealso incorporated to improve the value of the firm over the short, medium or a long-termstrategy. (AUASB 2013)Studies have shown that integrated reporting has a tremendous positive impact on thecompanies that get involved in the periodic reporting of the same. Some of the benefits of thethat the companies have gathered include good reputation, a more advanced decision-makingprocess, breaking down of the internal silos. The benefits stated above are, but a few since thepaper's purpose is to discuss the impacts of the benefits and various limitations of integratedreporting.
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