The role of value added statement in integrated reporting in line with stakeholder theory

Document Type : Original Article

Authors
Naghmeh Molaverdi 1
hamidreza vakilifard 2
mahdi beshkooh 3
1 Ph.D. Candidate, Department of Accounting, Qazvin branch, Islamic Azad University, Qazvin, Iran.
2 Associate Prof, Department of Management, Science and Researches branch, Islamic Azad University, Tehran, Iran.
3 Assistant prof, Department of Accounting, Qazvin branch, Islamic Azad University, Qazvin, Iran.
Abstract
With the increasing spread of information needs regarding business unit operations, the presentation of financial statements in the traditional way does not meet all the needs of users. Currently, financial statements provided by companies are based on historical information and require financial expertise to use. Traditional financial reporting not only does not provide users with complete information to respond to business activities, but also fails to provide adequate and adequate information on the economic performance and business value of a business unit to meet the interests of its stakeholders. It is reported separately (financial report, management report, monitoring report and reward award and sustainable development report) in a coherent set of statements and the relationship between them and how they affect the company's ability to create and maintain value in Describes short-term, medium-term and long-term.
The purpose of this paper is to help explain the concept of integrated reporting and the use of value added form as a practical, appropriate and useful tool for companies to use the concept of integrated reporting in line with stakeholder theory. Since the value added form fully complies with the principles and concepts proposed in the integrated reporting framework of the International Integrated Reporting Committee and also with the ultimate goal of integrated thinking and the interests of the organization's stakeholders, it has the potential to be used as an integrated reporting tool.
Keywords
value added
value added statement
integrated reporting
stakeholder theory
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