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Relevance of financial reporting systems : Single-bottom line or triple-bottom line
| Content Provider | Semantic Scholar |
|---|---|
| Author | Khomba, James Kamwachale Vermaak, Frans N. S. |
| Copyright Year | 2012 |
| Abstract | Traditional financial reporting systems have geared towards the single-bottom line reporting in the fo rm of profitability. However, there are arguments that corporate reporting systems should not just dwell on a single-bottom line but should be reported upon on three elements comprising economic/financial, social and environmental elements that constitute t he triple-bottom line. This study aimed at empirica lly researching on what current practices corporate bus iness executives and financial managers deploy in their corporate financial reporting systems. The fo cus of the study was on the assessment of the relevance of either the single-bottom line or tripl e-bottom line reporting systems within an African framework. Data was collected using the structured questionnaire that was administered across different countries from Southern Africa. The study results reveal that a sustainability (triple-botto m line) reporting system has been embraced by many or ganisations in Africa. The study findings suggest that there is a need to review and redesign account ing and financial principles and policies so that t hey are aligned with the emerging triple-bottom line re porting system requirements. The study findings wil l be of much relevance to academics, researchers and industry practitioners. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://repository.up.ac.za/bitstream/handle/2263/21204/Khomba_Relevance(2012).pdf;jsessionid=AB203DD18D80C988FE85910E07082B2C?sequence=1 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
