The Boundaries in Financial and Non-Financial Reporting

Book Description

Although the need to expand the boundaries of financial reporting has been discussed since the mid-1990s, little consideration has been given to the evolution and discourses of integrated reporting of non-financial aspects. Yet by investigating how and why an organisation defines and its reporting boundaries, it is possible to understand what is truly "valued" (or not) in its business model.

This innovative book reviews the guidelines and frameworks from the major relevant international organisations including: the International Accounting Standards Board, Global Reporting Initiative, Sustainability Accounting Standards Board, International Integrated Reporting Council, Carbon Disclosure Standards Board, and the World Intellectual Capital Initiative, and analyses their development and impact on the boundaries of financial and non-financial reporting.

Illustrated with case studies and interviews with representatives of these organisations, this concise volume makes a significant contribution to the future of reporting theory and practice. It will be of great interest to advanced students, researchers, practitioners and policy makers.

Table of Contents

  1. Cover
  2. Title
  3. Copyright
  4. Dedication
  5. Contents
  6. List of illustrations
  7. Foreword
  8. Acknowledgements
  9. 1 Introduction
    1. 1.1 Why a book on reporting boundaries?
    2. 1.2 Method of research
    3. 1.3 Organisation of the book
    4. 1.4 Boundaries in social management studies: some preliminary remarks
    5. 1.5 Transplanting concepts across disciplinary boundaries: a proposed interpretive framework
  10. 2 Boundaries in financial reporting
    1. 2.1 Proprietary vs. entity theories
    2. 2.2 The IASB and FASB views
    3. 2.3 Some technical and measurement implications
      1. 2.3.1 The case of special purpose entities
      2. 2.3.2 Reporting boundaries and minority interests
    4. 2.4 Conclusion
  11. 3 Boundaries in non-financial reporting
    1. 3.1 The sustainability reporting approaches
      1. 3.1.1 The GRI Guidelines, the GRI Boundary Protocol and the GRI Standards
      2. 3.1.2 The CDSB discussion paper and Framework
      3. 3.1.3 The GHG Protocol, the SASB Standards, the A4S Guidelines and the TFCD Recommendations
    2. 3.2 The ‘value creation’-based approaches
      1. 3.2.1 The WICI Intangibles Framework
      2. 3.2.2 The International Integrated Reporting <IR> Framework
    3. 3.3 EU Directive no. 95/2014 on Non-Financial and Diversity Information
    4. 3.4 Conclusion
  12. 4 From theory to practice: reporting boundaries from financial to integrated reporting and their professional implications
    1. 4.1 From sustainability to integrated reports: maintenance or change of reporting boundaries?
    2. 4.2 From annual to integrated reports (through intellectual capital): distance from and convergence to financial reporting boundaries?
    3. 4.3 The hybrid approach
    4. 4.4 A new dimension of the hybrid approach: the inclusion of the United Nations’ Sustainable Development Goals
    5. 4.5 Development of the reporting entity concept
      1. 4.5.1 The function of the reporting entity concept
    6. 4.6 The reporting boundary and the auditor
    7. 4.7 Materiality and stakeholders
      1. 4.7.1 The concept of materiality
      2. 4.7.2 A babel of definitions
      3. 4.7.3 Materiality judgements
      4. 4.7.4 Implications of materiality for the reporting boundary
    8. 4.8 Conclusion
  13. 5 The boundaries in financial and non-financial reporting: A colossus built on shaky foundations?
    1. 5.1 Boundaries in financial and non-financial reporting: a comparison
    2. 5.2 The boundaries of financial and non-financial reporting: concluding remarks
  14. Name index
  15. Subject index

Product Information

  • Title: The Boundaries in Financial and Non-Financial Reporting
  • Author(s): Laura Girella
  • Release date: March 2018
  • Publisher(s): Routledge
  • ISBN: 9780429996610