Report leadership: Narrative and financial reporting
Meeting expectations for effective reporting
There is often a disconnect between the information investors and other stakeholders say that they need, and the information actually reported by companies. Back in 2006, Report Leadership, a multi-stakeholder group, aimed to put that right.
PricewaterhouseCoopers worked with the Chartered Institute of Management Accountants (CIMA) and Radley Yeldar to develop some simple, practical ways to improve narrative and financial reporting.
The resulting Report Leadership guides aim to provide you with a series of ideas for improving the form and content of corporate reporting. They reflect input and feedback from a range of investors and focus on: effective communication, modelling the future and rethinking the financials. All themes that are as relevant today as they were when the project was launched.
The guides are supported by the fictitious annual report of a company called Generico. It brings the ideas alive and illustrates how they can be addressed in practice. It shows what is achievable today within the current International Financial Reporting Standards (IFRS) model by improving disclosure and presentation of information.
Following the success of the initial guides, further publications were developed to address the changing requirements of the remuneration report and to offer companies ideas on reporting better online.