Sponsored
    Follow Us:
Sponsored

Knowing Sustainability & Integrated Reporting

The focus on reporting formats these days have shifted from Financial Reporting to Non Financial Reporting. Sustainability Reporting and  Integrated Reporting are synonymously used with Non Financial Reporting. What better information does it offer over financial statements? Financial Statements of a company enable us to assess the financial health of a company and its performance. How relevant are Sustainability and Integrated Reporting? Organizations do spend a lot of time and money on preparing these reports, are they really worth so much?

What is Non Financial Reporting?

Non-financial reporting represents the result of companies‟ thoughts about what Corporate Social Responsibility is, about its importance, and about how it can be shared with stakeholders. Additionally, in that financial information is predominantly retrospective and based on a company‟s past performance, non-financial reports can provide investors and other stakeholders with indications about the future potential of a company. In other words, non-financial information, such as that about the quality of risk management, corporate governance, strategic direction, quality of management, and social and environmental performance will help stakeholders better understand a company‟s overall performance, business strategy, and growth perspective.

To read More – Download Free e-book written by CA Rajkumar S. Adukia

Click here to Read/Download Other Articles/Books written by CA Rajkumar S. Adukia

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031