Integrated reporting in corporate communication is a process that results in improved communication, most visibly an ‘integrated report,’ about value creation over time. An integrated report is a concise communication about how an organization’s strategy, governance, performance, and prospects lead to the creation of value over the short, medium, and long term. It represents the integrated summarization of a company’s performance in terms of both financial and other relevant information. Integrated reporting provides greater context for performance data, clarifies how relevant information fits into operations or a business, and may help make decision making better in the long-term.
The aim and scope of this book is to provide readers with an overview and analysis of the topics of both integrated financial reporting and a multiple capital model. Analyzing this topic through both a qualitative and quantitative framework, this important business topic is introduced and framed in the context of current market trends, while also including implications for business management professionals. This book provides a thorough examination of the topics of integrated reporting, management ramifications, and opportunities for management professionals. This easy to read and understand book provides numerous take away points, action items and implications. It includes real world examples, sources where more information can be obtained, and direct cause-to-effect examples, making it a valuable resource for readers.
Dr. Sean Stein Smith is a recognized subject matter expert in the fields of integrated reporting, the changing accounting profession, and the intersection of stakeholder reporting, and management decision making. Building on his doctoral research and analysis, which quantitatively studied the implications of integrated reporting on financial performance, Sean has continued to explore and research what integrated reporting means for the marketplace, accounting practitioners, and management professionals. As a tenure track academic at the City University of New York, and leveraging previous experience working in private industry, he takes a hands-on approach to topical analysis to build on both market available information and his own experience.
In addition to having published numerous articles, Dr. Smith also presents at national and regional level conferences and conventions. He is the author of the newly published book, Strategic Management Accounting (2017) with Business Expert Press which provides an analysis of trends generating an impact on the accounting field. He is currently a reviewer for the Journal of Sustainability, Accounting, & Policy. He is currently a tenure track faculty member at Lehman College where he teaches Intermediate Accounting, focusing on advanced applications of certain accounting principles and Advanced Accounting Problems, drilling in to specific applications of advanced accounting concepts and principles. He holds a Doctorate of Business Administration with a specialization in Strategy & Innovation from Capella University. His doctoral dissertation was titled: Effect of Integrated Reporting on Financial Performance.
