With the advent of science and technology development and the rapid of the financial crisis, the traditional concept of corporate resources also will be a fundamental change, knowledge, ability, goodwill and intangible resources and other information which has become an increasingly important strategic resource, economic operation system has gradually become the dominant social elements.
On April 6, 2013, the International Integrated Reporting Council (IIRC) published International Integrated Reporting Framework for comment. Li (2013) whom is Chinese Institute of Certified Public Accountants said that “This is the IIRC and accounting industry experts is committed to promoting the traditional financial reporting or innovation and reform of the important results comprehensive defendant report is a form of business reports, designed to integrate financial information with non-financial information together to provide a more comprehensive, relevant, accurate decision-making information for stakeholders”. Thus, an Integrated Reporting it produces conform sustainable global economic development model for the reform of corporate reporting requirements.
In the past, we have seen the traditional enterprise report is focused solely on historical financial information, while some listed companies will publish separate CSR reports, sustainability reports, but so that the content between the reports repeated information cumbersome and increase the report difficult to read and understand the report user. Synthesis Report is not a simple superposition of the report, making investors more effective decision-making.
Business model has become a noun entrepreneurs and venture capitalists often mentioned. A good business model means that we are one step closer from the success. Define the business model is to maximize customer value, to enable businesses to run inside and outside of the elements integrate together to form a complete...