Because integrated reporting is still a new management practice, IMA® (the association of accountants and financial professionals in business) published a Statement on Management Accounting on this subject. The report outlines both the guiding principles of integrated reporting and the content elements of an integrated report. Specific examples are provided throughout to illustrate how leading companies are putting the guiding principles into practice and to provide information on the various content elements. Different types of capitals are discussed, and specific examples are provided to illustrate how metrics for these different types of capitals can be constructed. The statement concludes with a discussion of how integrated reporting can be optimized through online technologies and communication practices in conference calls as well as what the future holds.
The report is authored by George Serafeim (Jakurski Family Associate Professor of Business Administration at Harvard Business School).