Value Creation – NBC Institute

CR – Nov 2023 – L3 – SC – Q6 – Integrated Reporting

Discuss the limitations of financial reporting and the role of integrated reporting in enhancing corporate disclosures, as well as the main aims of IIRC.

Question

There is general acceptance that using traditional financial reporting as the sole measure of a company’s performance and financial standing is a flawed approach. However, corporate sustainability reports help to fill this gap but are not often linked to a company’s strategy or financial performance and provide insufficient information on value creation.

Integrated reporting is a new approach, which is a concise communication about how an organization’s strategy, governance, performance, and prospects, in the context of its external environment, leads to the creation of value in the short, medium, and long term.

Required:
a. In the context of the above scenario, critically discuss the limitations of financial reporting and the extent to which integrated reporting might improve the usefulness of annual reports of companies.
(11 Marks)

b. Identify the FOUR major aims of the International Integrated Reporting Council (IIRC) in the evolution of corporate reporting.
(4 Marks)
(Total 15 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Corporate Strategy, Corporate Sustainability, Financial Reporting, IIRC, Integrated Reporting, Value Creation
Level: Level 3

Topic: Integrated Reporting
Series: NOV 2023

CR – May 2018 – L3 – Q5a – Beyond financial reporting

Explain how integrated reporting merges sustainability reporting and financial reporting.

Question

“Integrated reporting advances the proposition that sustainability reporting and financial reporting are inherently linked and thus would benefit from merging.” – Bob Massie, co-founder of the Global Reporting Initiative.

Required:
Explain how integrated reporting merges sustainability reporting and financial reporting.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Capitals, Financial Reporting, Integrated Reporting, Non-financial reporting, Stakeholders, Sustainability Reporting, Value Creation
Level: Level 3

Topic: Beyond financial reporting

May 2016 – L3 – Q3b – Regulatory framework and ethics

Compare compliance-based and integrity-based approaches to ethical issues, and recommend steps to sustain value creation from an ethical culture

Question

As a Professional Accountant, you are regarded as an expert with specialized knowledge acting ethically and influencing others to do what is right whilst working to very high standards. When confronted with an ethical challenge or dilemma in a corporate setting, Lynne Paine suggests two approaches to the management of ethical issues in organizations – the compliance based approach and the integrity based approach.

Required: i) Compare and contrast the compliance based approach and the integrity based approach in the management of ethical issues. (6 marks)

ii) Discuss the steps you would recommend to your company to adopt in order to sustain value creation from an ethical culture. (4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Compliance-based approach, Ethical Culture, Ethics, Integrity-based approach, Value Creation
Level: Level 3

Topic: Regulatory Framework and Ethics
Series: MAY 2016

CR – May 2016 – L3 – Q3a – Beyond financial reporting

Discuss principles and key components of the IIRC's Framework for integrated reporting, and concerns about its suitability for assessing entity prospects.

Question

At a recently concluded Annual General Meeting (AGM) of a company, one of the shareholders remarked; “historical financial statements are essential in corporate reporting, particularly for compliance purposes, but it can be argued that they do not provide meaningful information. After having issued a series of environmental and then sustainability reports, it is apparent that although the numbers were allowing a true and fair review of the company’s performance, operations and management they were not necessarily relevant to stakeholders. The International Integrated Reporting Council (IIRC) is calling for a shift in thinking more to the long term, to think beyond what can be measured in quantitative terms and to think about how the entity creates value for its owners” the statement concluded.

Required: Discuss the principles and key components of the IIRC’s Framework, and any concerns which could impede the Framework’s suitability for assessing the prospects of an entity.

Answer

Find Related Questions by Tags, levels, etc.

Tags: IIRC Framework, Integrated Reporting, Non-financial Information, Stakeholders, Value Creation
Level: Level 3

Topic: Beyond financial reporting
Series: MAY 2016

CR – Nov 2023 – L3 – SC – Q6 – Integrated Reporting

Discuss the limitations of financial reporting and the role of integrated reporting in enhancing corporate disclosures, as well as the main aims of IIRC.

Question

b. Identify the FOUR major aims of the International Integrated Reporting Council (IIRC) in the evolution of corporate reporting.
(4 Marks)
(Total 15 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Corporate Strategy, Corporate Sustainability, Financial Reporting, IIRC, Integrated Reporting, Value Creation
Level: Level 3

Topic: Integrated Reporting
Series: NOV 2023

CR – May 2018 – L3 – Q5a – Beyond financial reporting

Explain how integrated reporting merges sustainability reporting and financial reporting.

Question

Required:
Explain how integrated reporting merges sustainability reporting and financial reporting.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Capitals, Financial Reporting, Integrated Reporting, Non-financial reporting, Stakeholders, Sustainability Reporting, Value Creation
Level: Level 3

Topic: Beyond financial reporting

May 2016 – L3 – Q3b – Regulatory framework and ethics

Compare compliance-based and integrity-based approaches to ethical issues, and recommend steps to sustain value creation from an ethical culture

Question

Required: i) Compare and contrast the compliance based approach and the integrity based approach in the management of ethical issues. (6 marks)

ii) Discuss the steps you would recommend to your company to adopt in order to sustain value creation from an ethical culture. (4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Compliance-based approach, Ethical Culture, Ethics, Integrity-based approach, Value Creation
Level: Level 3

Topic: Regulatory Framework and Ethics
Series: MAY 2016

CR – May 2016 – L3 – Q3a – Beyond financial reporting

Discuss principles and key components of the IIRC's Framework for integrated reporting, and concerns about its suitability for assessing entity prospects.

Question

Required: Discuss the principles and key components of the IIRC’s Framework, and any concerns which could impede the Framework’s suitability for assessing the prospects of an entity.

Answer

Find Related Questions by Tags, levels, etc.

Tags: IIRC Framework, Integrated Reporting, Non-financial Information, Stakeholders, Value Creation
Level: Level 3

Topic: Beyond financial reporting
Series: MAY 2016

Question Tag: Value Creation

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

CR – Nov 2023 – L3 – SC – Q6 – Integrated Reporting

Discuss the limitations of financial reporting and the role of integrated reporting in enhancing corporate disclosures, as well as the main aims of IIRC.

CR – May 2018 – L3 – Q5a – Beyond financial reporting

Explain how integrated reporting merges sustainability reporting and financial reporting.

May 2016 – L3 – Q3b – Regulatory framework and ethics

Compare compliance-based and integrity-based approaches to ethical issues, and recommend steps to sustain value creation from an ethical culture

CR – May 2016 – L3 – Q3a – Beyond financial reporting

Discuss principles and key components of the IIRC's Framework for integrated reporting, and concerns about its suitability for assessing entity prospects.

CR – Nov 2023 – L3 – SC – Q6 – Integrated Reporting

Discuss the limitations of financial reporting and the role of integrated reporting in enhancing corporate disclosures, as well as the main aims of IIRC.

CR – May 2018 – L3 – Q5a – Beyond financial reporting

Explain how integrated reporting merges sustainability reporting and financial reporting.

May 2016 – L3 – Q3b – Regulatory framework and ethics

Compare compliance-based and integrity-based approaches to ethical issues, and recommend steps to sustain value creation from an ethical culture

CR – May 2016 – L3 – Q3a – Beyond financial reporting

Discuss principles and key components of the IIRC's Framework for integrated reporting, and concerns about its suitability for assessing entity prospects.

Our offerings

Contact Info

Customer

Get In Touch

Question Tag: Value Creation

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

CR – Nov 2023 – L3 – SC – Q6 – Integrated Reporting

Discuss the limitations of financial reporting and the role of integrated reporting in enhancing corporate disclosures, as well as the main aims of IIRC.

You're reporting an error for "CR – Nov 2023 – L3 – SC – Q6 – Integrated Reporting"

CR – May 2018 – L3 – Q5a – Beyond financial reporting

Explain how integrated reporting merges sustainability reporting and financial reporting.

You're reporting an error for "CR – May 2018 – L3 – Q5a – Beyond financial reporting"

May 2016 – L3 – Q3b – Regulatory framework and ethics

Compare compliance-based and integrity-based approaches to ethical issues, and recommend steps to sustain value creation from an ethical culture

You're reporting an error for "May 2016 – L3 – Q3b – Regulatory framework and ethics"

CR – May 2016 – L3 – Q3a – Beyond financial reporting

Discuss principles and key components of the IIRC's Framework for integrated reporting, and concerns about its suitability for assessing entity prospects.

You're reporting an error for "CR – May 2016 – L3 – Q3a – Beyond financial reporting"

CR – Nov 2023 – L3 – SC – Q6 – Integrated Reporting

Discuss the limitations of financial reporting and the role of integrated reporting in enhancing corporate disclosures, as well as the main aims of IIRC.

You're reporting an error for "CR – Nov 2023 – L3 – SC – Q6 – Integrated Reporting"

CR – May 2018 – L3 – Q5a – Beyond financial reporting

Explain how integrated reporting merges sustainability reporting and financial reporting.

You're reporting an error for "CR – May 2018 – L3 – Q5a – Beyond financial reporting"

May 2016 – L3 – Q3b – Regulatory framework and ethics

Compare compliance-based and integrity-based approaches to ethical issues, and recommend steps to sustain value creation from an ethical culture

You're reporting an error for "May 2016 – L3 – Q3b – Regulatory framework and ethics"

CR – May 2016 – L3 – Q3a – Beyond financial reporting

Discuss principles and key components of the IIRC's Framework for integrated reporting, and concerns about its suitability for assessing entity prospects.

You're reporting an error for "CR – May 2016 – L3 – Q3a – Beyond financial reporting"

Our offerings

Contact Info

Customer

Get In Touch

admin