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Technical

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  Tomorrow's Company, CIMA, IIRC |   Free |   Tomorrow's Company |   2014 |   Thought leadership
Global companies must create value for the short, medium and long term. But they are doing this in an environment where there is a general lack of trust in businesses; pressures favouring immediate rewards; and the need to integrate many different sources of value spanning borders, cultures and generations.

This guide explains how being able to excel in telling your value creation story will be an increasing source of competitive advantage. 
Topics covered:
  • Management accounting: Technical: Management reporting & analysis: Management reporting, Expert

2 Comments/Reflections

Gary Hammond

Gary Hammond Sep 2018

An interesting article that stresses the importance of communicating not only 'what' a business does and 'how' they do it, but also 'why' they exist, and the values at the core of the business.

Communication of this important 'why' element ensures understanding and strategic goal alignment for employees, investors and other stakeholders, and the quickest route to success and achievement of business goals.  


Sadia Yasin

Sadia Yasin Jul 2018

Reflecions

The Integrated Reporting report was an insightful piece of learning material as it helped me to understand the value of not just short term but also the medium and long term drivers of a business and how these can add value for both shareholders and other business stakeholders.

The pressure is always there for a business to  hit profit targets on a monthly and annual basis and align to business strategic growth year on year. The IR highlights the growing significance of achieving long term sustainable value and ensuring there is not a trade off of the strategic direction over short term reporting.

I am increasingly involved in producing more meaning reporting which helps senior management to make long term capital and operational decisions in the business and this reports helps identify what areas to focus on as well as the importance of achieving trust in the business and minimising interdepartmental silos in order to identify risk earlier and manage it better for the overall success of the business.

I have definitely achieved what i set out.