Essays on Integrated Reporting vs Current Reporting Framework, Interactions with Reports and Communication Case Study

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The paper “ Integrated Reporting vs Current Reporting Framework, Interactions with Reports and Communication” is an actual example of a case study on finance & accounting. Accounting and financial reporting over the years has seen an increase in the number of activities and also information that is provided by organizations whenever they are presenting their audited report. Balance sheets, income statements, statement of cash flows as well as a statement of shareholder equity play a key role in informing the public of the financial status of the firm. Accounting standards have been set over the years with the need to make sure that organizations are able to report in a manner that is timely and also reveals important information to stakeholders and prospective shareholders for purposes of decision making.

Research also shows that 90% of corporations all over the world have always ensured that they comply with accounting standards that have been set for both their countries and by international bodies. Accounting standards apply to all companies and they are aimed at providing a true and fair view of the status of the company.

Traditional accounting and the information that is released to the public has undergone major changes over the years and this is because of the manner in which systems have been changing (Eccles, Cheng and Saltzman 2010). Accounting standards setters have been involved in the process of making sure that the reporting framework that is utilized by firms is one that adheres to certain rules and also delivers what prospective consumers might need at any given time. The need for accountability from stakeholders has been growing for ages and with an increase in demand, a shift in practices by these companies has been witnessed.

A shift in the traditions over time has made it possible to ensure that the kind of reporting prepared by accountants or those with responsibilities meet the minimum standards that have been set. The emergence of integrated reporting that details more fine components of accounting reporting have been put forward to replace the one that is being used currently (Epstein 2011).      


Epstein, M. (2011). Advances in management accounting. Bingley, UK: Emerald.

Eccles, R.G., Chang, B., and Saltzman, D. (2010). The landscape of integrated reporting. Reflections and next steps, Cambridge (Mass.), Harvard Business School.

Greuning, H. (2010). International financial reporting standards a practical guide (4th ed.). Washington, D.C.: World Bank.

Horngren, C. (2015). Introduction to management accounting = (formerly Accounting for management control, an introduction) (4th ed.). Englewood Cliffs, N.J.: Prentice-Hall.

Kimmel, P., & Weygandt, J. (2012). Financial accounting: Tools for business decision making (4th ed.). Hoboken, NJ: John Wiley.

Schaltegger, S. (2010). Sustainability accounting and reporting. Dordrecht: Springer.

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