What is ir and its key concepts
Course:- Financial Accounting
Reference No.:- EM13718832

Assignment Help
Assignment Help >> Financial Accounting

You have been asked by a group of corporate accountants to research <IR> and write an essay on the concept and its implications for accounting practice.

Following the requirements outlined in the Study Guide you are required to write an essay which addresses the following questions.

a) What is <IR> and its key concepts?

b) Based on your research and understanding, what are the apparent opportunities/benefits and challenges/limitations of <IR> for reporting entities?

c) Based on your research and understanding, what do you consider to be the implications to accounting practice resulting from the adoption of <IR>?


Verified Expert

Preview Container content

Integrated Reporting is the process, that leads to communication with regards to value creation overtime. Integrated Reporting is the concise report about how an organization strategy, report lead to the creation of value overtime in short , medium and long term. It is the integrated reporting of company’s performance in terms of both financial as well as value relevant information. Integrated Reporting clarifies how value relevant information fit into the business, helps to know the performance data and also helps in decision making. The communication through integrated Reporting is beneficial to the stake holders.

Integrated reporting is adopted in order to aid the business by the International Integrated Reporting Council. IIRC plays an integrated role in order to form the Integrated Reporting. Integrated Reporting arises from organizations information with regards to strategy, management, sustainability reporting, etc. Integrate Reporting is the process which include the integrate thinking which include the periodic reporting by an organization about the communication and value creation of various aspects.

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Financial Accounting) Materials
Rich and Shauna Nielson file a joint tax return, and they itemize deductions. Assume their marginal tax rate on ordinary income is 25 percent. The Nielsons incur $2,650 in mis
Sam will continue to manage the business. He is not willing to own less than 50% of whatever arrangement they arrive at. Illustrate what issues should Sam and Marcie addres
The following information is given about a proposed investment project:   Discount rate 10%   Life of the project 10 years
It is designed to explain and predict which firms will and which firms will not use a particular accounting method but it says nothing as to which method a firm should use'.
Dunbrook Travel, Inc. acquired an 80% interest in Ocean Cruises on December 31 for $970,000. Dunbrook has the ability to exercise significant influence on management decisions
Diltex Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow: Sales are budgeted at $220,000 for November, $200,000 for Decemb
Recording General Fund Operating Budget and Operating Transactions. The Town of Bedford Falls approved a General Fund operating budget for the fiscal year ending June 30, 2017
Outdoors R Us owns several membership-based campground resorts throughout the Southwest. The company sells campground sites to new members, usually during a get-acquainted vis