Question

5. Discuss the concept of triple bottom line reporting and integrated reporting 6. Identify five journals on corporate disclosures and identify the following in each journal: i. The purpose and objectives of the study ii. Major findings ii. Recommendations of the study on disclosure

Answer 1

As per policy, only one question is allowed to answer at a time, so here answering Q5 for you :

5)

The concept of Triple Bottom Line (TBL) has been defined as an accounting framework where the reporting of the performance is being done through incorporating the three dimensions of performance ie. social, environmental and financial. The TBL has also been defined as reporting of three dimensions like People, Planet and Profits. In this concept, the inter-factor effects of socio-environment on the company and industry financial structure. This concept goes beyond the traditional way of reporting of financials of the company, which includes the Turnover, profits and return to the shareholders.

An integrated reporting is a concept where reports are created and presented which includes the company’s strategy, governance, performance and prospects, while considering the external environment with a lead in all lengths of period ie. short, medium and long term. It is also termed as periodic reporting which is being integrated about the financials and value created towards environment while displaying the favors and challenges in each reported field.