Extended performance reporting framework: A form of sustainability reporting

There have been growing concerns over the limitations of traditional financial reporting. This paper briefly reviews three reporting approaches, namely the intellectual capital, balanced scorecard and social and environmental reporting. The paper demonstrates that the theoretical emphases of these reporting approaches are complementary to one another. It argues that integration of these will overcome several limitations of the traditional financial reporting. This paper develops an extended performance reporting framework, which is the result of such integration and is expected to provide a more complete account of the value and performance of a business. It provides both economic and non-economic performance information. It is argued that the extended performance reporting framework developed in this paper can be a form of sustainability reporting.

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