Financial reporting and Impact-Weighted Accounts Initiative: Difference between pages

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1. ''External.''
''Sustainability - impact - financial reporting - Impact Economy Foundation (IEF)''.


Financial reporting is traditionally external.
(IWAI).


It is concerned with collating and providing information to external stakeholders, the financial markets and the public.
Impact-weighted reporting and accounts are designed to supplement traditional financial reporting, taking a broader perspective on an organisation's total impact.


Contrasted with management accounting, which provides information for internal stakeholders.
The Impact Weighted Accounts Initiative - in conjunction with the Impact-Weighted Accounts Framework (IWAF) is designed to ensure complete and consistent impact-weighted reporting.




== See also ==
* [[Financial reporting]]
* [[Impact]]
* [[Impact accounting]]
* [[Impact economy]]
* [[Impact Economy Foundation]]  (IEF)
* [[Impact reporting]]
* [[Impact-weighted accounts]]  (IWAs)
* [[Impact-Weighted Accounts Framework]]  (IWAF)
* [[International Sustainability Standards Board]]  (ISSB)
* [[Sustainability]]
* [[Sustainability Accounting Standards]]
* [[Sustainability Accounting Standards Board]]
* [[Total Societal Impact]]
* [[Value Balancing Alliance]]  (VBA)
* [[Value Reporting Foundation]]  (VRF)


:<span style="color:#4B0082">'''''The objective of financial reporting (International Financial Reporting Standards overview)'''''</span>
:The users of financial information need to assess:
:*Prospects for future net cash inflows to the reporting entity; and
:*Management's stewardship of the entity's economic resources.
:Accordingly, financial reporting seeks to provide information about:
:*The entity's economic resources (assets), claims against the entity (liabilities) and changes in those resources and claims; and
:*How efficiently and effectively management has discharged its responsibilities to use the entity's economic resources.
External reporting is mandatory for all limited liability companies, regardless of who owns them.
However, smaller and privately owned companies do have relatively lighter (mandatory) reporting requirements.
All companies may choose to publish more than the minimum mandatory information.


 
==External link==
Financial reporting is also known as ''financial accounting''.
*[https://www.hbs.edu/impact-weighted-accounts/Pages/default.aspx Impact-Weighted Accounts - Harvard Business School]
 
 
2. ''Internal.''
 
The term 'financial reporting' is also used by some organisations in a broader sense, to include internal reporting (as well as external).
 
 
 
== See also ==
* [[Accounts]]
* [[Annual report]]
* [[Assets]]
* [[Balance sheet]]
* [[Cash flow statement]]
* [[Closing exchange rate]]
* [[Company]]
* [[Conceptual framework]]
* [[Credit]]
* [[Entity]]
* [[Environmental profit and loss]]
* [[Equity]]
* [[Finance]]
* [[Financial accounting]]
* [[Financial planning and analysis]]
* [[Fiscal]]
* [[Income statement]]
* [[Incremental]]
* [[International Financial Reporting Standards]] (IFRS)
* [[International Integrated Reporting Council]] (IIRC)
* [[Liabilities]]
* [[Limited liability company]]
* [[Management accounting]]
* [[Management efficiency ratio]]
* [[Performance]]
* [[Position]]
* [[Primary statements]]
* [[Private company]]
* [[Shareholder]]
* [[Small and Medium-sized Enterprises]]
* [[Stakeholder]]
* [[Statement of changes in equity]]
* [[Statement of comprehensive income]]
* [[Stewardship]]
* [[Sustainability Accounting Standards Board]] (SASB)
* [[Sustainability reporting]]
* [[Sustainable Finance Disclosure Regulation]] (SFDR)
* [[Useful financial information]]
* [[Value Reporting Foundation]] (VRF)


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Ethics]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Financial_products_and_markets]]

Revision as of 13:50, 12 February 2022

Sustainability - impact - financial reporting - Impact Economy Foundation (IEF).

(IWAI).

Impact-weighted reporting and accounts are designed to supplement traditional financial reporting, taking a broader perspective on an organisation's total impact.

The Impact Weighted Accounts Initiative - in conjunction with the Impact-Weighted Accounts Framework (IWAF) is designed to ensure complete and consistent impact-weighted reporting.


See also


External link

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