The imperative of sustainable growth and reporting integration. Three eras in the corporate reporting development
DOI:
https://doi.org/10.12775/CJFA.2014.006Keywords
sustainable growth, integrated reporting, financial reporting, social responsibility reporting, valueAbstract
This article is aimed at the presentation of an opinion in the important discussion about the further development of corporate performance reporting standards, which go far beyond the standards of financial reporting. The current guidelines on social responsibility reporting and the conceptual frameworks of the so-called integrated reporting may give rise to questions on the costs and benefits with regard to corporate reporting within the trend of sustainable growth. The present article, which is the first part of a two-part analysis, discusses synthetically three eras in the corporate development reporting. Their context should determine the perception of the current trend of development corporate reporting made in compliance with the imperative of sustainable growth. The review indicates the premises which appeared to be the driving force of a quality surge in the area corporate performance reporting. There is a conviction expressed in the text that the presently emerging fourth era in the development of corporate reporting will significantly change the conceptual model of this kind of reporting.
References
A Guideline for Intellectual Capital Statements – A Key to Knowledge Management. Danish Agency for Trade and Industry (2000), Ministry of Trade and Industry, http://www.statensnet.dk/pligtarkiv/fremvis.pl?vaerkid=14280&reprid=0&filid=0&iarkiv=1 (accessed: 13.04.2013).
A report from the Nordika project. Intelectual Capital managing and Reporting (2001), Nordic Industrial Fund, October 2001, http://www.nordicinnovation.org/Global/_Publications/Reports/2001/nordika_report_-_final1.pdf (accessed: 13.04.2013).
Baruch Lev, Intangibles: Management, Measurement, and Reporting (2001), Brookings Institution Press, Washington. Cited in: Lopes I.T. (2011), The Boundaries of Intellectual Property Valuation: Cost, Market, Income Based Approaches and Innovation Turnover, Intellectual Economics, No. 1(9), p. 100. Accessible.: http://repositorio.ipsantarem.pt/bitstream/10400.15/442/1/IlidioLopes_JIE_2011.pdf (accessed: 13.02.2014).
Branswijck D., Everaert P. (2012). Intellectual capital disclosure commitment: myth or reality?. Journal of Intellectual Capital, Vol. 13, Issue 1, https://biblio.ugent.be/input/download?func=downloadFile&recordOId=1208994&fileOId=1220837 (access: 13.04.2013). http://dx.doi.org/10.1108/14691931211196204.
Dzinkowski R. (1998), The Measurement and management of Intellectual Capital – An Introduction, IFAC Study no 7, http://www.emerald-library.com/ft (accessed: 13.04.2013).
Guidelines for Disclosure of Intellectual Assets Based Management (2005), Japan. Ministry of Economy, Trade and Industry, October 2005, http://www.meti.go.jp/policy/intellectual_assets/pdf/GuidelineforIAM.pdf (accessed: 2013.04.13).
Intellectual Capital Statements-Made in Europe, European ICS Guideline (2008), DG Research, http://ebookbrowse.com/european-ics-guideline-pdf-d234114066 (access: 13.04.2013).
Kannan G., Aulbur W.G. (2004). Intellectual Capital. Measurement effectiveness. Journal of Intellectual Capital Vol. 5 No 3, 389–413, http://213.155.109.122/files/articles/Intellectual%20capital%20Measurement%20effectiveness_20111029193520147.pdf (access: 13.04.2013). http://dx.doi.org/10.1108/14691930410550363.
Karmańska A. (2010a), Wartość godziwa – przełom w sprawozdawczej wycenie dokonań przedsiębiorstw (Fair value. Breakthrough in reporting evaluation of corporate performance) in: Studia i Prace Kolegium Zarządzania i Finansów, Zeszyt Naukowy 101, 97–107.
Karmańska A. (2010b), Wielowymiarowość polityki rachunkowości i etyki z nią związanej (artykuł dyskusyjny) Multidimensionality of accounting policy and related ethics (discussion article), Zeszyty Teoretyczne Rachunkowości nr 56, SKwP, Rada Naukowa, Warsaw, 97–110.
Karmańska A. (2013), Wprowadzenie (Introduction), [in:] Nauka o rachunkowości na progu gospodarki opartej na wiedzy. Polski sondaż środowiskowy (The science of accounting at the door of knowledge based economy. Polish environmental survey), Scientific editor: A. Karmańska. Publisher: Warsaw School of Economics.
Karmańska A. (2014), The imperative of sustainable growth and reporting integration. The fourth era in the corporate reporting development., Copernican Journal of Finance and Accounting (w druku).
Mauritsen J., Larsen H.T. (2001). Valuing the future: intellectual capital supplements at Skandia. Accounting Auditing & Accountibility Journal, Vol. 14 No 2001, www.ciberconta.unizar.es/ftp/pub/doc/IntellCapital_IFAC.pdf (accessed: 13.04.2013). http:// dx.doi.org/10.1108/09513570110403434.
Meritum Project. Guidelines for managing and reporting on intangibles (intellectual capital report) (2002), Vodafone Foundation, Madrid, http://www.pnbukh.com/files/ pdf_filer/MERITUM_Guidelines.pdf (accessed: 13.04.2013).
Nohria N. (2010), The landscape of integrated reporting. Reflections and next steps. Edited by: R. G. Eccles, B. Cheng, D. Saltzman, Harvard Business School, e-book, http://hbswk. hbs.edu/pdf/The_Landscape_of_Integrated_Reporting.pdf (accessed: 13.04.2013).
The PRISM Project. C. Eustace: Report of Research Findings and Policy Recommendations (2003), European Commission. Information Society Technologies Programme, http://www.intangability.com/wp-content/uploads/2009/03/prism-project-reportof-research-findings-and-policy-recommendations.pdf, (accessed: 13.04.2013).
Downloads
Published
How to Cite
Issue
Section
Stats
Number of views and downloads: 528
Number of citations: 0
