US CMA questions on integrated reporting
Understand the Problem
The question is asking for questions related to the Certified Management Accountant (CMA) program in the United States that specifically focus on integrated reporting. Integrated reporting refers to a holistic approach to reporting that combines financial and non-financial information, aiming to provide a comprehensive view of an organization's performance.
Answer
To provide a holistic account of value creation and preservation.
The primary purpose of integrated reporting is to provide a holistic account of how an organization's strategy creates and preserves value over time.
Answer for screen readers
The primary purpose of integrated reporting is to provide a holistic account of how an organization's strategy creates and preserves value over time.
More Information
Integrated reporting includes not only financial results but also the impact on stakeholders, the environment, and other non-financial elements, offering a more comprehensive view of an organization's performance.
Tips
Sometimes students confuse integrated reporting with just financial reporting. Instead, it encompasses a broader range of aspects.
Sources
- P1-U4-QA - Unit 4 Part 1 CMA Q&A - Warning: TT - Studocu - studocu.com
- Integrated Reporting - CMA USA Study - elitecmaeducation.com
- 2020 CMA Part 1 New Topic: Integrated Reporting (Section A) - hockinternational.com
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