FVTOCI and International Integrated Reporting Framework Board: Difference between pages

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''Financial reporting.''
''Financial reporting - sustainability - Value Reporting Foundation''.


Fair Value Through the statement of Other Comprehensive Income.
The Value Reporting Foundation (VRF) is established to help businesses and investors to deepen and broaden their understanding of sustainable enterprise value.


FVTOCI describes an accounting treatment for changes in the fair values of derivative instruments.
The International Integrated Reporting Framework Board is part of the VRF.




Under FVTOCI, changes in fair value are ''not'' reported as part of profit or loss (earnings) for the period.
The role of the International Integrated Reporting Framework Board includes:
*Recommending for approval any revision, modification or other update to the International Framework.
*Providing input on other guidance material relating to integrated reporting or integrated thinking.


Instead they are reported as part of 'other comprehensive income'.


The International Integrated Reporting Framework Board is sometimes written ''<IR> Framework Board''.


The consequence of FVTOCI treatment is to avoid volatility in reported earnings.


== See also ==
* [[Accounting for Sustainability]] (A4S)
* [[Business & Sustainable Development Commission]]
* [[Carbon footprint]]
* [[Corporate social responsibility]]
* [[Enterprise value]]
* [[Financial stability]]
* [[Integrated Reporting Framework]]
* [[Integrated Thinking Principles]]
* [[International Integrated Reporting Council]] (IIRC)
* [[Metaeconomics]]
* [[Natural capital]]
* [[Organic]]
* [[SRI]]
* [[SASB Standards]]
* [[Sustainability]]
* [[Sustainability Accounting Standards]]
* [[Sustainability Accounting Standards Board]] (SASB)
* [[Sustainability bond]]
* [[Sustainable Finance Disclosure Regulation]] (SFDR)
* [[Value driver]]
* [[Value Reporting Foundation]]


== See also ==
*[[Fair value]]
*[[FVTPL]]
*[[Statement of profit or loss and other comprehensive income]]
* [[IFRS 9]]
* [[IFRS 9 hedge accounting reforms: a closer reflection of risk management?]]
* [[IFRS 13]]
* [[Statement of comprehensive income]]


[[Category:Accounting,_tax_and_regulation]]
==External link==
*[https://www.integratedreporting.org/the-iirc-2/structure-of-the-iirc/ir-framework-panel/ The International Integrated Reporting Framework Board - about us]

Revision as of 22:17, 3 December 2021

Financial reporting - sustainability - Value Reporting Foundation.

The Value Reporting Foundation (VRF) is established to help businesses and investors to deepen and broaden their understanding of sustainable enterprise value.

The International Integrated Reporting Framework Board is part of the VRF.


The role of the International Integrated Reporting Framework Board includes:

  • Recommending for approval any revision, modification or other update to the International Framework.
  • Providing input on other guidance material relating to integrated reporting or integrated thinking.


The International Integrated Reporting Framework Board is sometimes written <IR> Framework Board.


See also


External link