Financial reporting as the instrument presenting entities’ responsibility for their economic and social performance
Financial reporting as the instrument presenting entities’ responsibility for their economic and social performance

Summary/Abstract: Economic entities, through their impact on the surrounding environment, co-create the reality and influence both our future and that of the generations to come. Therefore it is of crucial importance to present an entity performance not only in the financial perspective, but also from the position of its impact on environment and the responsibility for the actions taken. Bearing in mind the fact that financial reporting is the most commonly applied form of financial performance presentation used by entities, the objective of the hereby paper is to analyse possibilities for preparing a single, integrated financial statement of both retro- and prospective character and covering information of financial and non-financial nature and also referring to entities’ social responsibility for their performance.

• Details
• Contents