Integrated reporting

Overview:

Corporate reporting has evolved over many decades. Extra content has been added to the annual reports of companies in a piecemeal fashion and often as a response to a crisis. Annual reports now often number hundreds of pages which are probably read by few people. They also focus on financial performance whereas studies show that the balance sheet values are only around one fifth of the market value of large US companies. This has prompted an international move to integrated reporting under a framework developed by the International Integrated Reporting Council (IIRC) – an international coalition of companies, investors, regulators, standard setters and others. Integrated reporting offers a more succinct way of reporting that covers a much wider range of capitals than just the financial as in the past.

Learning Outcomes:

On completion of this course, participants will have a greater understanding of:

  • The process of integrated reporting which is based on integrated thinking and which generates periodic reports
  • The fundamental concepts, guiding principles and content elements that underpin the IIRC's framework
  • The six capitals addressed by the IIRC's framework being – financial, manufactured, human, social and relationship, intellectual and natural
  • The importance of understanding and disclosing the ‘business model' and how these use and impacts the six capitals
  • The business benefits of integrated reporting demonstrated by research undertaken by Black Sun, the communications consultancy.

Authored by: Richard Mallett BA FCMA, CGMA MCT

Richard is an experienced trainer who has been with BPP since June 2010. Having worked for Boots and Reed Elsevier in senior financial roles, he moved to Sainsbury's in 1993 as Deputy Treasurer, moving on to be Group Treasurer and then Group Financial Controller. In 2001, Richard was appointed Technical Director at the Chartered Institute of Management Accountants (CIMA).

CPD Points: 1

CPD Duration (hours): 1

Access: 12 months from purchase date

Price (excludes VAT): £35.00