Financial reporting and Mentor: Difference between pages

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Financial reporting is traditionally external.
An independent experienced person in an organisation who advises and supports less experienced employees, sometimes known as 'mentees'.


It is concerned with collating and providing information to external stakeholders, the financial markets and the public.
The mentor is normally experienced in the mentee's professional specialism.


Contrasted with management accounting, which provides information for internal stakeholders.


2.


2.  
A similarly independent person employed by a different organisation from the mentee.


The term 'financial reporting' is also used by some organisations in a broader sense, to include internal reporting (as well as external).


==See also==
*[[Association of Corporate Treasurers]]
*[[Coach]]
*[[USP]]
*[[Working effectively with others]]


Financial reporting is also known as ''financial accounting''.


==The ACT's Mentor Me scheme==


:<span style="color:#4B0082">'''''The objective of financial reporting (IFRS)'''''</span>
The ACT runs a mentoring matching service for its members and students.


:The users of financial information need to assess:
[https://www.treasurers.org/cpd/mentoring Mentor Me]


:*Prospects for future net cash inflows to the reporting entity; and
[[Category:Self_management_and_accountability]]
:*Management's stewardship of the entity's economic resources.
[[Category:Working_effectively_with_others]]
 
 
: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.
 
 
== See also ==
* [[Assets]]
* [[Closing exchange rate]]
* [[Conceptual framework]]
* [[Credit]]
* [[Entity]]
* [[Equity]]
* [[Financial accounting]]
* [[FP&A]]
* [[International Financial Reporting Standards]] (IFRS)
* [[Liabilities]]
* [[Management accounting]]
* [[Management efficiency ratio]]
* [[Primary statements]]
* [[Stakeholder]]
* [[Stewardship]]
* [[Useful financial information]]
 
[[Category:Accounting,_tax_and_regulation]]

Revision as of 21:59, 11 May 2020

1.

An independent experienced person in an organisation who advises and supports less experienced employees, sometimes known as 'mentees'.

The mentor is normally experienced in the mentee's professional specialism.


2.

A similarly independent person employed by a different organisation from the mentee.


See also


The ACT's Mentor Me scheme

The ACT runs a mentoring matching service for its members and students.

Mentor Me

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