Putting integrated reporting where it was not: The case of the not-for-profit sector

FINANCIAL REPORTING ◽

10.3280/fr2019-002005 ◽

2019 ◽

pp. 111-140

Author(s):

Laura Girella ◽

Paola Dameri

Keyword(s):

Listed Companies ◽

Financial Capital ◽

Integrated Reporting ◽

For Profit ◽

Not For Profit ◽

Comprehensive Picture ◽

New Phase ◽

Made In ◽

Transparency And Accountability

Nowadays we are facing a new phase of capitalism. Information that is beyond financial capital and able to provide a more comprehensive picture of the path towards better transparency and accountability is increasingly needed and requested. A remarkable body of evidence already exists on how large, listed companies are facing this change, but very little is known about the not-for-profit sector. This work aims to analyse if and how new forms of reporting, such as integrat-ed reporting, can be adopted by not-for-profit organisations to illustrate their ef-forts towards an improvement in their accountability processes. To this end, through an interventionist approach, the case of an Italian not-for-profit organisa-tion operating in the collection and redistribution of food is examined. It emerges that, integrated reporting can represent a valuable device that can be adopted also by the not-for-profit sector to improve its accountability. However, in order to be successfully implemented, some modifications have to be made in order to better encounter the specificities of these organisational settings.

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Conceptualising integrated thinking in practice

Managerial Auditing Journal ◽

10.1108/maj-10-2015-1253 ◽

2016 ◽

Vol 31 (2) ◽

pp. 228-248 ◽

Cited By ~ 34

Author(s):

Judy Oliver ◽

Gillian Vesty ◽

Albie Brooks

Keyword(s):

Systems Thinking ◽

Well Being ◽

Thinking Skills ◽

Integrated Reporting ◽

Content Type ◽

For Profit ◽

Not For Profit ◽

And Control ◽

Measurement And Control ◽

Health And Well Being

Purpose – The purpose of this paper is to offer theoretical and practical insights on the ways in which integrated thinking is observed in practice. Integrated thinking is linked to integrated reporting, and described as an attribute or capacity for senior management to constructively manage tensions between the multiple capitals (manufactured, intellectual, human, natural, social and relationship as well as financial capital) in strategy, resource allocation, performance measurement and control. Design/methodology/approach – A theoretical framework is developed from the accounting and systems thinking literature, linking integrated thinking to sustainability. Soft versus hard integrated thinking approaches are applied to contrast the siloed management of sustainability with a model that focuses on relationships and broader indicators of societal health and well-being. Practical illustrations of the conceptualised framework are presented for discussion and for further empirical research. Findings – The illustrative examples offer a diversity of corporate, government and not-for-profit viewpoints, providing evidence of both hard and soft integrated thinking in practice. Valuable insights are provided into innovative approaches that foster and make explicit the soft integrated thinking skills and map them to broader societal outcomes. Research limitations/implications – Potential problems can arise if hard integrated thinking dominates over the soft, and data required for internal management accounting purposes become narrow, linear and segregated. Routines and practices will then be based on quasi-standards, further concealing the soft integrated thinking that might be occurring within the organisation. Originality/value – With theoretical roots in systems thinking, this paper contributes to the relatively underexplored area of integrated thinking in accounting for sustainability.

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Integrated Reporting: An Opportunity for Australia's Not-for-Profit Sector

Australian Accounting Review ◽

10.1111/j.1835-2561.2011.00143.x ◽

2011 ◽

Vol 21 (3) ◽

pp. 292-301 ◽

Cited By ~ 146

Author(s):

Sarah Adams ◽

Roger Simnett

Keyword(s):

Integrated Reporting ◽

For Profit ◽

Not For Profit

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The Human Capital for Value Creation and Social Impact: The Interpretation of the IR’s HC Definition

Sustainability ◽

10.3390/su13136989 ◽

2021 ◽

Vol 13 (13) ◽

pp. 6989

Author(s):

Maurizio Cisi ◽

Francesca Alice Centrone

Keyword(s):

Human Capital ◽

Value Creation ◽

Social Impact ◽

Integrated Reporting ◽

For Profit ◽

Not For Profit ◽

Human Resources Managers ◽

Definition Of ◽

Depth Interviews ◽

Selection Of

The paper aimed at assessing and identifying in a comparative way the potentiality and suitability of the Integrated Reporting (IR)’s definition of human capital (HC) within a selection of companies and social cooperatives. Employing in-depth interviews, the qualitative study analyzed the points of view of a selection of human resources managers to firstly check and test the connection between human capital, value creation, and social impact. The contribution of human capital to value creation is not easily recognized, especially by smaller-sized companies. The results suggested that the HC definition of the IR in the for-profit sector seems to be more applicable to the top management than to the whole workforce, while it appears as “fitting” for the managers of social cooperatives because of its explicit focus on ethical values, loyalty, and motivation. This allowed opening possible channels of dialogue between the profit and not-for-profit sectors. The paper proposed practical recommendations to operationalize the IR’s HC definition.

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Microlending: What Business Can Do To Facilitate Community-Based Growth

Journal of Applied Business Research (JABR) ◽

10.19030/jabr.v26i6.324 ◽

2010 ◽

Vol 26 (6) ◽

Author(s):

Mackenzie M. Festa ◽

Alan J. Wilson ◽

Presha E. Neidermeyer

Keyword(s):

Third World ◽

Foreign Assistance ◽

Business Professionals ◽

Short Term ◽

Community Based ◽

For Profit ◽

Not For Profit ◽

The Third World ◽

Made In

Billions of dollars have been expended in foreign assistance throughout the third world, with much of this aid being provided by the not-for-profit community. While frequently effective in facilitating short-term benefits, these projects often do not improve the continuing living conditions for the residents of the community.  Not-for-profits generally are in the business of short-term crisis relief; consequently, they do not have a focus on job provisions in the affected community that would increase their living standards in the long-term.  Entrepreneurs, on the other hand, are in the business of job creation, which not only provides long-term benefits for the entrepreneur, but also for the entire community.  Microlending, a term coined originally by Muhammad Yunus to describe very small loans made in third-world countries, has had an enormous impact on the lives of entrepreneurs, their families, and their communities.  Many not-for-profits may wish to employ the techniques illustrated by Yunus and other successful microlending institutions.  They may find the task overwhelming, however, without employing business professionals, whose services can be costly.  For not-for-profits who might be interested in starting such a program, this paper will describe the process of microlending, articulate methods of selecting a loan recipient, and show mechanisms for documenting a microloan.

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Managing Competency in Non-Profit Organization: Experience with a European University

Issues in Social and Environmental Accounting ◽

10.22164/isea.v8i4.94 ◽

2014 ◽

Vol 8 (4) ◽

pp. 209

Author(s):

Mostaq M. Hussain ◽

John Russell ◽

Ayman Haddad

Keyword(s):

Manufacturing Sector ◽

Educational Institution ◽

Nordic Country ◽

Educational Institutions ◽

Research Report ◽

Research Directions ◽

Non Profit ◽

For Profit ◽

Not For Profit ◽

Made In

Competence Management (CM) has been discussed in contemporary academic and practitioner literature as a managing tool of Core Competences. Most of the studies of CM deal with manufacturing sector and profit organizations. Very little is known about CM in services and almost nothing in not-for profit organization. No research report has yet been found in educational institutions. Although, CM is not only important in manufacturing and profit organizations but also important in non-profit, like educational institutions, in order to meet the required quality and competitiveness of 21st century's education. Thus, an attempt has been made in this research to study CM in the administration of one the top ranking University in a Nordic country. The result results reveal that competencies had been defined in individual, network and unit level, but lack of integration of a comprehensive CM framework unable the higher educational institution to achieve the benefits of core competence. Based on the empirical findings, some policy and research directions are given at the end of the research.

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A Waqf-Integrated Reporting (WAQIR) Model

Challenges and Impacts of Religious Endowments on Global Economics and Finance - Advances in Finance, Accounting, and Economics ◽

10.4018/978-1-7998-1245-6.ch014 ◽

2020 ◽

pp. 281-300

Author(s):

Rosnia Masruki ◽

Mustafa Mohd Hanefah ◽

Muhammad Iqmal Hisham Kamaruddin

Keyword(s):

Economic Impact ◽

Information Disclosure ◽

Management Practices ◽

Integrated Reporting ◽

Reporting Practices ◽

For Profit ◽

Faith Based ◽

Not For Profit ◽

Reporting Tool ◽

Socio Economic Impact

This chapter proposes the best reporting practices for waqf institutions, concerning information disclosure on performance, governance, and socio-economic impact using the waqf integrated reporting (WAQIR) model. The WAQIR model is viewed as a comprehensive reporting tool for waqf institutions. This study reviewed previous literature and reporting guidelines for waqf and similar organisations, such as not-for-profit and faith-based organisations, to identify the appropriate measurements for disclosure, limited not only to the input and output of the waqf project, but also its governance and socio-economic impact. Based on the review, the WAQIR model is explicated with four pillars of disclosure: (i) waqf financial and non-financial; (ii) waqf governance; (iii) waqf performance; and (iv) waqf socio-economic impact. The proposed WAQIR model would be useful for waqf institutions in implementing best waqf reporting practices. This could help them to enhance their accountability and to promote transparency, enabling the sustainability of the entire waqf management practices.

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