Integrating Integrated Reporting As An Organization

2043 Words9 Pages
The objective of this essay is to explain what integrated reporting is. What are the concept of integrated reporting as well as benefits, challenges for the organisations. It also highlights what are the implication on accounting practises especially on accounting educators from adopting the integrated reporting.

Integrated reporting seeks to provide insights about the relationship and resources used and affected by an organization. It’s a concise communication about organizations strategy, performance and governance in perspective of its external environment lead to the creation of value. Integrated reporting tends to promote a more cohesive and efficient approach to corporate reporting which aims to improve the quality of information available to providers of financial capital to allow a more efficient and productive allocation of capital.
The prime purpose of integrated reporting is to explain to providers of financial capital how an organization creates value over time for the future. Integrated report is needed by business and investors because it needs a reporting environment that is contributing in understanding a certain articulating strategy. Which will help to attract financial capital for investment and help to drive performance internally this will pursue investors how strategy will create value for over time.

The concept of integrated reporting.
There are three key concepts of integrated reporting. First concept is being the value
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