THE NON-FINANCIAL REPORTING-THE STORY BEHIND THE NUMBERS
Reporting is a part of the life of companies, an essential business management tool. In a free market system, in order to make rational rational and informed decisions, the organisations must provide information as per stakeholders need. The disclosure must be public, accurate, timely, understanda...
Main Authors: | , |
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Format: | Article |
Language: | English |
Published: |
Academica Brâncuşi
2017-06-01
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Series: | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
Subjects: | |
Online Access: | http://www.utgjiu.ro/revista/ec/pdf/2017-03/12_BOBITAN%20ROXANA-IOANA,%20STEFEA%20PETRU.pdf |
Summary: | Reporting is a part of the life of companies, an essential business management tool. In a free market system, in
order to make rational rational and informed decisions, the organisations must provide information as per
stakeholders need. The disclosure must be public, accurate, timely, understandable, complete and objective. Annual
reports are used by the companies in order to communicate information your stakeholders. These reports contain
information specified by the relevant company’s legislation, most often based on financial information which cannot to
provide sufficient information to potential investors in order to make a correct investment decision.
Because shareholders want clearer information and “right to know” takes precedence over risk to the
corporation, cost and inconvenience, a new form of corporate reporting is emerging to overcome the limitations of
today’s reporting model. A new form of corporate reporting is emerging to assist organisations to tell their story. The
next step in the journey is to incorporate key performance indicators and the forward-looking informations.
The journey to better business reporting is continuing with new directive adopted The EU Parliament.
The aim of this discussion paper is to describe this new directive, European Directive 2014/95/EU on
disclosure of non-financial and diversity information in order to ensure that large public interest entities in Europe
provide a comprehensive and meaningful view of their position and performance, its scope of application and also
analyses the likely impact of the Directive, what should be disclosed according this.
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ISSN: | 1844-7007 1844-7007 |