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corporate reporting - Essay Example
Finance & Accounting
Pages 8 (2008 words)
Corporate Reporting Name Professor Course Date Question 1 Corporate reporting can also be defined as the presentation of distinct accounting methods in different fields such as integrated reporting, corporate governance, financial reporting, corporate responsibility, narrative reporting, and areas concerning executive remuneration…
It is also about the organization and the recognition of what the economy is now, and what the economy ought to be in the near future. Corporate governance explains the types of processes and the ways in which companies and businesses are controlled and directed. They also indicate the level in which the managerial status of company is and include the information containing the board and its composition, the development that it brings and the level of accountability that it holds. Lastly, it focuses on the type of relationship that the management has with its shareholder, seeing that they are actually the owners of the company. Narrative reporting talks about the non-financial kind of work and it relates to financial information. Such information is presented alongside financial information and this enables for there to be an expanded understanding of a company’s main information (Robins, 34, 2010). Response to the questions posed by the Finance Minister; 1. In Breakavia, the best placed to help in support of the initial development of the regulation for corporate reporting are the upcoming companies and industries, such as those in the industrial sector and also those in the tourism industry. ...
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