INTEGRATION OF FINANCIAL AND NON-FINANCIAL ASPECTS FOR GENERATING AND COMMUNICATING VALUE TO THE STAKE HOLDERS THROUGH INTEGRATED REPORTING

Abstract

Integrated reporting is a focus on reporting of non-financial information along with the financial information. This paper deals with the identification of the possible strategies for the creation of the value along with the perceptions of respondents regarding various issues of the integrated reporting system. The results show that a better understanding of business through the improved internal processes was useful in connecting departments was useful to create value for stakeholders. It also found that there was a need for integration of metrics from non-financial to the financial to develop the necessary reporting system. The study further stated that clearly defined goals and strategies were useful to plan for continuous improvement. The study also observed that the most preferred issue faced by the respondent are a better understanding of business through the improved internal process (advantages), domestic legislation (challenge), development of necessary reporting system (suggestions), fully integrated report - a single report (mode of disclosures). The present study suggests that information should be disclosed using a single integrated report instead of the existing multiple reporting systems. It likewise proposed to outfit the data of money related danger, item improvement, buyer necessities, limit development in million tones, deals and generation in volume, wellbeing and security, plan of action, dangers and opportunities, systems, execution and last standpoint in edge work of incorporated answering to see the real position of the concerned organization. At long last, it is inferred that there ought to be a mix of money related and non-monetary data in the yearly reports to mirror the genuine and reasonable perspective of the business