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Create a 10 page essay paper that discusses Consider to what extent the regulatory framework , together with the various codes and guidelines , encourages companies to report non-financial information
Create a 10 page essay paper that discusses Consider to what extent the regulatory framework , together with the various codes and guidelines , encourages companies to report non-financial information in their annual reports, and assess the usefulness of such information.
gathering the financial information and assessing the financial position of the business and the entity and also interested in assessing and evaluating the performance of the business and the future prospective of the business in order to assist and guide the users of the non financial information in the process of decision making. The information that is being provided by the annual report towards its shareholders and stakeholders mainly comprises of two types that is compulsory disclosure and the voluntary disclosure. The mandatory disclosure includes the market demand arising due to the information that is needed by different regulatory bodies and rules and regulations which is considered through the regional and local level through the government authorities and the professional organizations. The proper and accurate non financial and the key performance indicator is significant and important to a particular business which mainly includes the information that is related to the employee and environmental matters. The disclosure of the non financial information increases the efficiency and improves the transparency of the companies or the organizations.
There is an essential requirement and the increasing trend among the businesses or the organizations in Hong Kong to produce, develop and publish the non financial information such as environmental, social and the different sustainable aspects of the related operations carried out by the businesses in Hong Kong. The disclosure of such non financial information is mainly disclosed through the corporate social responsibility and sustainability in the report. The companies established and carrying out its operation in Hong Kong market find it interesting to disclose the various voluntary and non financial information that is particularly designed and formulated as a part of the company’s package in order to develop and improve the acceptance and credibility in the Hong Kong market place and it enables
