全英语讲解ACCA第二弹：Reporting Change-高顿教育ACCA培训机构官方网站

全英语讲解ACCA第二弹：Reporting Change

2016年11月01日
10:03
作者：高顿财经
来源：高顿财经
阅读：（145）

2023ACCA备考资料

财务英语入门
历年考题答案
2023考纲白皮书
2023考前冲刺资料
高顿内部名师讲义
高顿内部在线题库

摘要：Corporate reporting is a vital area of activity for professional accountants,and one that continues to evolve.Encompassing both financial and non-financial information,and both statutory and voluntary ...

　　Corporate reporting is a vital area of activity for professional accountants,and one that continues to evolve.Encompassing both financial and non-financial information,and both statutory and voluntary disclosures,drivers of change in corporate reporting will shape the key skills and competencies required of professional accountants working in this field.

　　Responding to change

　　Business and investment activity is becoming increasingly global,with large corporates becoming increasingly powerful.At the same time,internet-enabled stakeholder activists are having more impact.Such factors have contributed to a loss of trust in corporate structures,behaviors and information since thefinancial crisis.This has resulted in more regulation and more frequent corporate disclosures.

　　At the same time businesses and other stakeholders are becoming increasingly aware of the insights that can be gained from non-financial reporting,particularly the more complete picture that can be created of a business.Sustainability reporting is becoming more widespread,expected to become mandatory across the world.For example,Singapore plans to require listed companies to report on sustainability by 2020.Investors are already showing a strong appetite for integrated reporting(IR),which highlights the linkage between factors such as business strategy,risk,remuneration,the economy,the environment,society,business,past company performance and current decisions.Based on ACCA’s workshops,accountants in Africa and Asia expect IR to emerge as the new norm by 2020,while Europeans anticipate this by 2020-25.Developments in digital technology are also driving change in corporate reporting.For example,technology enables far greater analysis of data(including big data).It is allowing new ways of reporting–for example,using video–and supporting the production of faster reporting.Social media is also increasingly being used for company disclosures.The Securities and Exchange Commission,for example,already allows companies to use social media outlets such as Facebook and Twitter to announce key information as long as investors have been notified.

　　Planning for action

　　Although non-financial reporting will become more important,financial reporting will continue to form the core of corporate reporting.Strong technical skills and an ethical mindset will therefore remain vital competencies required of professionalaccountants working in this field.Participants in ACCA’s global workshops,which underpin ACCA’s report Professional accountants–the future,expect some areas to become more challenging technically and ethically,particularly financial instruments,lease accounting,provisioning,segment reporting and related-party transactions.Tax reporting is also expected to pose new technical challenges.Future accountants will need to stay up to date with developments in the international financial reporting framework,monitoring emerging trends in accounting standards(including valuation models)and regulation.

　　Based on opinions shared during the workshops,the 10 competencies and skills considered to be most important to professional accountants working in the corporate reporting arena have been identified(see below).Topping the list is the ability to communicate a holistic view of corporate reporting,presenting the big picture story of an organization’s performance and progress,rather than focusing on detailed numbers.This will require professional accountants to become skilled in aligning non-financial information with current financial reporting requirements and to be able to explore the merits of integrated reporting.However,holistic corporate reporting is also the area where some professional accountants feel their skills are most lacking.For example,professionals are likely to need greater understanding of how to measure and account for assets and issues such as knowledge capital,data and sustainability.

　　Professional accountants involved in corporate reporting will also need to be able to manage relationships with multiple stakeholder groups.In doing so they will be helping users of financial statements understand and interpret reported information,go beyond the numbers,and so support effective decision-making.Analytic skills,such as the ability to evaluate performance indicators to support business decisions,will also be vital.So will critical thinking–for example,to evaluate accounting principles and practices used in corporate reporting.Globalization will also have an impact,emphasizing the need for skills and competencies associated with accounting for the acquisition,disposal and consolidation of foreign operations.

　　In addition to the top 10 competencies,other skills have been identified as becoming increasingly important for professional accountants in corporate reporting roles.For example,group restructuring skills are likely to be widely needed,alongside the communication and interpersonal skills necessary for fulfilling a business partnering role.Professional accountants will need to be comfortable using technologies such as cloud computing and big data.This is a key area where workshop participants felt current skills are inadequate.Another such area is financial mathematics,which professionals need in order to understand complex accounting,particularly for financial instruments.

　　In contrast,over the next one to three years,some current corporate reporting skills are expected to become less important.These include basic and manual bookkeeping and accounting skills and compliance reporting.

　　Top 10 competencies in corporate reporting*Holistic view of corporate reporting

　　*Ethics

　　*Stakeholder management and engagement

　　*The financial reporting framework

　　*Reporting the financial performance of entities*Non-financial reporting

　　*Analysis and interpretation of financial and non-financial data*Foreign transactions and entities

　　*Financial instrument valuation

　　*Critical thinking

推荐：考生都在用的ACCA资料>>【领取2023ACCA完整资料】 (资料包含ACCA必考点总结,提升备考效率,加分必备)

1、凡本网站注明“来源高顿ACCA”或“来源高顿、ACCA学习帮”，的所有作品，均为本网站合法拥有版权的作品，未经本网站授权，任何媒体、网站、个人不得转载、链接、转帖或以其他方式使用。

2、经本网站合法授权的，应在授权范围内使用，且使用时必须注明“来源高顿ACCA”或“来源高顿、ACCA学习帮”，并不得对作品中出现的“高顿”字样进行删减、替换等。违反上述声明者，本网站将依法追究其法律责任。

3、本网站的部分资料转载自互联网，均尽力标明作者和出处。本网站转载的目的在于传递更多信息，并不意味着赞同其观点或证实其描述，本网站不对其真实性负责。

4、如您认为本网站刊载作品涉及版权等问题，请与本网站联系(邮箱fawu@gaodun.com，电话：021-31587497)，本网站核实确认后会尽快予以处理。

急速通关计划 ACCA全球私播课周末面授班其他课程

急速通关计划-全科免费试听课程咨询

私播课免费试听课程咨询
ACCA私播课2.0 免费试听课程咨询

周末面授班免费试听课程咨询

周末精品面授班免费试听课程咨询

寒假冲刺班免费试听课程咨询
暑假冲刺班免费试听课程咨询

其他课程免费试听课程咨询