1. The document discusses corporate reporting standards and frameworks, including financial reporting, corporate governance, executive remuneration, and corporate social responsibility. It outlines the benefits of reporting for companies, communities, and the environment. 2. New trends in reporting include developments in gender equality reporting, sustainability reporting, and compliance through websites. Global trends are driving greater transparency in areas like carbon emissions reporting. 3. The document provides tips for effective corporate reporting, including presenting key information and metrics clearly, using charts to illustrate trends and risks, and reconciling non-GAAP measures with GAAP standards. Good practices include selecting illustrative examples and seeking feedback through reporting awards.

1. Technical Session-I Corporate Reporting & Accounting Standards in the Global Scenario:

2. INTRODUCTION: What is corporate reporting? Corporate reporting framework: Benefits of reporting NEW TRENDS IN REPORTING: Latest developments : Corporate social responsibility (CSR) perspective Insights drawn : Global trends : Good practices : Reporting Tips :

3. INTRODUCTION: reporting is considered a core business intelligence (BI) allows organizations to easily access, format, and deliver information to employees, customers, and Stakeholders

4. What is corporate reporting? relate to the presentation and disclosure aspects on: Financial reporting Corporate governance Executive remuneration Corporate responsibility Narrative reporting

5. Corporate reporting framework:

6. Benefits of reporting 1. Company benefits: Improved financial performance; Lower operating costs; Enhanced brand image and reputation; Increased sales and customer loyalty; Greater productivity and quality; More ability to attract and retain employees; Reduced regulatory oversight; Access to capital; Workforce diversity; Product safety and decreased liability.

7. 2. Benefits to the community and the general public: Charitable contributions; Employee volunteer programmes; Corporate involvement in community education, employment and homelessness programmes; Product safety and quality.

8. 3. Environmental benefits: Greater material recyclability; Better product durability and functionality; Greater use of renewable resources; Integration of environmental management tools into business plans, including life-cycle assessment and costing, environmental management standards, and eco-labelling.

9. NEW TRENDS IN REPORTING: Corporate Reporting Compliance through Web Sites Developments in company reporting on workplace gender equality ( Sarbanes-Oxley US example ) Reporting has emerged as Global & International Responsibility (IFRS) As Business Action for Sustainable Development Corporate reporting is not just form-filling Corporate’s social responsibility

10. Latest developments : Amendments to IAS 39 and IFRS 7 Legislation and guidance Effective on-line reporting Transparency in energy company accounts Excutive remuneration FRCouncil periodical reviews disclosure Key Performance Indicators on carbon emissions

11. Corporate social responsibility (CSR) perspective: Some of the drivers pushing business towards CSR include : The shrinking role of government Demands for greater disclosure Increased customer interest Growing investor pressure Competitive labour markets Supplier relations Developments in company reporting on workplace gender equality

12. Insights drawn : reports are weak on disclosure and market context for investor needs Getting to grips with non-GAAP measures - pitch variances Take sustainability to heart – make it a mantra Emissions reporting as per new report requirements Improvement to the Financial Reporting Supply Chain and Areas for Future Actions. Draft the New Sustainability reports. Annual reports to be featured on You-Tube :

13. Report Leadership - executive remuneration Report Leadership - online reporting Show more than the money Comply Chartered Institute of Management Accountants (CIMA) Shareholder friendly report Best Practice Environmental Social and Governance Reporting

14. Global trends : The Australian Reporting Environment – Telling it like it is Tax Transparency Framework’ 2007 to report on carbon activity disclosures Corporate reporting be not reduced to form- filling. Learning to learn from the Global experiences. The Business Review and AIM(Alternative Investment Market )

15. Good practices : Selecting examples in reporting Building Public Trust Awards for excedllence in reporting Bringing ideas to life Shareholder friendly report Best Practice Environmental Social and Governance Reporting

16. Reporting Tips : Have a backbone – thru Strategic statements Present the big picture- Put your results in the context of market trends Whom are you kidding? - Provide an honest and open analysis of both the upsides and the challenges the company faces. Flash in the pains pan - provide charts to help investors understand what is driving revenue and profit growth. Is the growth sustainable, or not?

17. Cash is king -'Let's clear up the cash flow statement Report is not the kitchen sink - The important things are no more prominent than the things that aren't important.' Highlight principal risks, not all risks. Bottom up - 'The area where there is greatest potential for increased disclosure that would add value Bridging the GAAP - Embrace non-GAAP measures but apply certain ground rules “reconcile non-GAAP back to GAAP”

18. You owe it to the Creditors - Debt information Metrics that pay Explain clearly how management are incentivised Wood for the trees Key information and messages can get lost in the volume of data and the use of jargon

20. Dr. M.G.Hiremath. & Dr. (Smt) S.S.Aralelimath. Dept of Commerce & Accountancy KLS Gogte College of Commerce Belgaum-590006 (Karnataka) Cell No: 094489 89384 e Mail: [email_address] Thank you-