The paper “ Advanced Financial Accounting - the Annual Report of Stockland” is a fascinating example of a report on finance & accounting. Stockland is a renowned Australian diversified property group. Additionally, it develops, manages, and owns retail centers, logistic centers, residential communities, office buildings, and retirement living apartments. Moreover, Stockland was established in the year 1952 with a defined vision not only to realize profits and growth but to contribute heavily to the economic growth of Australian cities as well as the country as a whole (Stockland, 2013). In other words, Stockland has a proud and long history of establishing and creating places that satisfy consumer needs and wants (Stockland, 2013).
By so saying, it means that Stockland realized that, creating a good and effective community is like establishing a new home. Therefore, each and every year, Stockland produces an overview of their previous activities in the form of a report. Sustainability at Stockland revolves around balancing the social, financial, and environmental factors of their organization in order to realize long-term success. By so saying, it means that Stockland has progressed from viewing sustainability as just the right to perform to viewing and defining a long term value (Stockland, 2013).
This essay will, therefore, provide a summary of the 2013 annual sustainability information report of Stockland and provide a critical overview of their sustainability information strategies report. Report summaryThe 2013 annual report of Stockland focused entirely on the environmental and social performance of Stockland in that particular financial year. Additionally, the report stipulated that the 2013 financial year was a very challenging year because net revenues were affected by residential market conditions of the previous financial year as well as the ongoing transitions in the organization (Stockland, 2013).
In this case, in an effort to respond to these challenges, Stockland postulated a number of significant strategic decisions in order to position the organization to produce reliable returns.
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Stockland, (2013). Stockland annual report review. Retrieved from: http://www.stockland.com.au