CONSIDERATIONS REGARDING THE CONCEPT OF INTEGRATED REPORTING AND ITS IMPORTANCE FOR THE ORGANIZATION’S MANAGEMENT
The integrated reporting represents an ensemble of processes and activities which offer a periodic result regarding the strategy, performance and value created by the entity. The integrated reporting is composed of capitals, business models and the process of creation and value maintaining with time...
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| Format: | Article |
| Language: | English |
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University of Petrosani
2019-10-01
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| Series: | Annals of the University of Petrosani: Economics |
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| Online Access: | https://www.upet.ro/annals/economics/pdf/2019/p1/Bogeanu-Popa.pdf |
| Summary: | The integrated reporting represents an ensemble of processes and activities which offer a periodic result regarding the strategy, performance and value created by the entity. The integrated reporting is composed of capitals, business models and the process of creation and value maintaining with time. Therefore, we report to six types of capital respectively natural, social, intellectual, human, productive and financial. An economic entity’s business model is also a system of inputs and results which create added value and it maintains it for a short, medium or long term. The integrated reporting implies a process based on six guiding principles considered to be basic elements. The role the financial officers have in the process of integrated reporting is an essential one. |
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| ISSN: | 1582-5949 2247-8620 |