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

Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
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
The Chewy Chocolate Division of the Delight Confection Company had a rate of return on investment (ROI) of 12 percent (= $1,200,000/$10,000,000) during Year 5,  Break down the
During the current year, Central Auto Rentals purchased 60 new automobiles at a cost of $21,920 per car. The cars will be sold to a wholesaler at an estimated $4,000 eac
On June 30, 2014, PC Company purchased all of the common stock of Silicon Company by issuing 100,000 shares of its $1 par value common stock, with a market value of $25/share.
Although a number of countries have adopted International Financial Reporting Standards (IFRS), the United States has not yet decided to adopt IFRS into the financial reportin
Calculate the change in net working capital for 2016. Calculate the cash flow from assets for 2016. (Hint: Taxes = Earnings before taxes x Tax rate). Calculate the cash flow t
the amount of income taxes paid would be $300 greater if the average cost assumption were used, what would be the amount of income before taxes under the average cost assum
Blue is the owner of all of the shares of an S corporation, and Blue is considering receiving a salary of $110,000 from the business. She will pay the 7.65% FICA taxes on the
Paul owns an insurance policy on the life of his father, Rick. Upon Rick's death, the policy proceeds of $2,000,000 are paid to the designated beneficiary, Candace. What are t