Integrated Reporting Explained
The International Integrated Reporting Council (IIRC) defines integrated reporting as, "a process founded on integrated thinking that results in a periodic integrated report by an organization about value creation over time.”
Integrated thinking is when a company considers the relationship between its business model and the different types of resources it uses to create value in the short, medium, and long term.
Accounting financial statements provide a limited view of the company’s health and value creation process. Integrated reporting shows not just the profit but the impact on stakeholders and the environment. Accounting financial statements tell you about value created in the past, but integrated reporting tells you how value will be created in the future.
Download International Framework: www.integratedreporting.org/r...
Download Eskom's Integrated Report: www.eskom.co.za/wp-content/up...
0:00 Background
0:48 What is integrated reporting?
2:47 The integrated reporting framework
3:13 What are the 6 capitals?
4:44 How is an integrated report different from corporate social responsibility reports?
5:23 Is the integrated report a standalone report?
5:58 Benefits of integrated reporting
6:40 Costs of integrated reporting
6:56 Who issues integrated reports?
7:55 The future of integrated reports
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Пікірлер: 28
Good video! Always very enlightening!
@Edspira
2 жыл бұрын
Thank you my friend! You've been a supporter for a long time so I'm glad you found the video interesting. I hope life is treating you well. More videos are on the way!
Alot these of critical info in a short pack. Very useful
I had to view this video before reading my reading list on this topic and it gave a better summary and understanding of IR. Many thanks Sir
One of the most accurate videos about IR reporting!
It's night now, and My CMA exam after four days and I just watching your videos. not only helpful for final revision, but also I feel better while watching. Thank you
@Edspira
2 жыл бұрын
No problem. I hope you pass the CMA exam and are able to achieve your dream job!
Really great video. Thank you ❤️ I’m from South Africa and studying a CA(SA) degree. Auditing and Financial Accounting stress the importance of integrated reporting repetitively.
@Edspira
Жыл бұрын
I'm glad you enjoyed the video! In my research for this video, I noticed that South Africa is at the forefront of integrated reporting. It looks like more countries will be following South Africa's lead
Excellent videos ! All concepts are explained really well ! 👏👏👏👏
Educational video with amazing explanation, thanks a lot!
This was very useful. Thank you!
Well explained thank you
Great lecture.
Very valuable video 💯💯💯
You videos help me a lot in the preparation of CMA exam... thanks a ton.
@Edspira
2 жыл бұрын
Glad to hear that! I decided to make this video because it was listed in the IMA's content specification outline for the CMA exam
A valuable video about the integrated report....
@Edspira
2 жыл бұрын
Thank you!
Hiya Michael, great summary video! I did have to have a small laugh at the Escom example as a model of integrated reporting. With all the corruption and negative impact that governance and operations have had on the everyday South African's (280 load shedding days for year to March 2023 ) their report is not a shining light of the value of IR.
Great video. Michael what are your thoughts on ESG.
This is awesome, thanks for this explanation now doesn't seem as scary as it was before watching the video
What is the best title to do research on integrated reporting?
Crisp explanation👍
@Edspira
2 жыл бұрын
Thank you 😃
It's amazing
@Edspira
Жыл бұрын
Thank you!
With IR now a component of ISSB, do you anticipate the sustainability ESG, CSR history will win out over the non financial integrated reporting?