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Integrated reporting presents a better platform for corporate disclosures for users of Financial Reports. In the case of National Australia bank using the integrated accounting reports are used to provide the complete details of the financial statement of a particular company. Lenders or creditors use the financial report to know the company's financial condition. To derive company liquidity condition, to acquire companies marketing goodwill as well as for understanding future strategy and growth integrated reporting is used to present a better platform for corporate disclosures in case of analyses of the financial Report of an organization. The National Australian bank usually uses the integrating accounting reporting system in case of maintaining their financial statements efficiently. The purpose of using such an integrated Report are as follows:
Generally, the financial statement is used as the disclosure of financial transactions of the company. Using such financial statement the company's lenders can be able to evaluate the overall financial abilities of the company
Through the integrated financial statements, the liquidity power of an organization can be evaluated. In the case of National Australia bank, the lenders use generally such financial information procedure for analyzing a corporations’ liquidity positions.
Through the analyzing of the company’s integrated financial statement, the marketing goodwill condition of an organization can be evaluated. In the case of lenders, such statements are also used to measure organizations’ marketing positions so that they could support it financially.
Integrated financial statements are also used to evaluate an organization’s financial strategy and growth stability in the case to generate the overall performance. Through the handling of such statements, the lenders can assess the financial corporations’ plans and also the global growth from the past few years.
Company reacts to the institutional pressures through the adoption of rules as well as procedures. As per institutional theory for the firm given specific processes have brought about the establishment in the form of specific guidelines in terms of social behaviours. It can be said that the structures can be recreated or adopted over time. They can even fall in the form of declining of the firm .This institutional theory says about this specific firm that it has the capacity for creation, maintenance of as well as has brought about a change in terms of mechanisms for integrated reporting. Efficiency based theory has given rise to this firm's profit maximization but the institutional approach has led to integrated reporting of this firm by consideration of large set of variables as an influencing factor for the firm's process of decision making in this given firm including firm's span of control, their programmability of jobs as well as their policy of compensation. The situational variables in the culture of the firm influence normative structure as well as contingencies related to reinforcement, including employees towards authority and acceptance of the responsibility.
The institutional theory gives justification towards how this firm is responding to its environments for their operations. Stakeholders of the firm, including- government, regulatory authorities can provide their influences towards the business of the firm. This firm should be in the form of institutional norms and work as per the rules prevailed in terms of this firm's operation. Due to this as a consequence, the firm's compliance concerning formal regulations does earn legitimacy among its stakeholders. Institutional theory has affected the financial statements of this firm. CSR has brought about as an establishment from CSR disclosure issues. CSR has emerged as a result of institutional theory in the norms of social solidarity emerging the economies in a liberal market condition. Institutional theory has brought about different ways of investigation, and this firm is influenced through ethos of institutional theory, voluntary principle, policies as well as programs. In the case of this firm CSR, the practice has brought about this firm's voluntary engagement as well as social responsibilities. Due to the establishment of this institutional theory, CSR practice became a deliberate practice. Institutional theory has brought about to act as a dynamic role in case of improving the integrated reporting. As we know, the government is the primary force for promoting financial reporting standards, and they have facilitated the growth of non-financial reporting.
Thomson, Ian. But does sustainability need capitalism or an integrated report' a commentary on 'The International Integrated Reporting Council: A story of failure' by Flower, J." Critical Perspectives on Accounting 27 (2015): 18-22.
Integrated reporting is challenging and brings about creative thinking in preparation of financial reports. It brings about improvement that can be found in this annual report itself. It has been helping in the creation of value. The report includes good discussion with respect to integrated report element and with the use of the integrated thinking has brought about to creation of value. This firm has been successful in identifying its stakeholders and considering them as "values". Integrated thinking of managers over integrated reporting for this firm has brought about the process of engagement of its stakeholders and the development of the firm's framework.
With the help of integrated reporting, managers of this firm could show a better connection of information. It could bring about changes in existing data and financial information collection process. Integrated reporting has brought about materiality in terms of presentation of the financial reports. It brought about changes for the managers to use value creation for the determination of materiality. This can bring about a reconciliation of requirements of various stakeholders of this firm given, and management can have integrated thinking over it. Determination of materiality through integrated reporting explained how important material matters are and how they get an evaluation and what management can make a decision in this regard.
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Dumay, John, and Tim Dai. "Integrated thinking as a cultural control?." Meditari Accountancy Research 25.4 (2017): 574-604.
De Villiers, Charl, Jeffrey Unerman, and Leonardo Rinaldi. "Integrated Reporting: Insights, gaps and an agenda for future research." Accounting, Auditing & Accountability Journal (2014).
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Serafeim, George. "Integrated reporting and investor clientele." Journal of Applied Corporate Finance 27.2 (2015): 34-51.
Stubbs, Wendy, and Colin Higgins. "Integrated reporting and internal mechanisms of change." Accounting, Auditing & Accountability Journal 27.7 (2014): 1068-1089.
Thomson, Ian. "‘But does sustainability need capitalism or an integrated report’a commentary on ‘The International Integrated Reporting Council: A story of failure’by Flower, J." Critical Perspectives on Accounting 27 (2015): 18-22.
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Wang, Yihui, and Han Xia. "Do lenders still monitor when they can securitize loans?." The Review of Financial Studies 27.8 (2014): 2354-2391
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