Identify the most “material” capitals to include in an Integrated Report for J WiFi. Arguably, financial reporting does not disclose all the required information required by investors and other stakeholders. In Australia, the need to supplement financial information from listed companies is recognized in the Financial and Operating Review and in disclosures to comply with the SAX Corporate Governance Principles and Recommendations. However, there are further calls for additional reporting based on the International Integrated Reporting Framework (IIRC) which seeks to become the corporate reporting norm. At the core of the IIRC is the business model based on the six capitals (financial, manufactured, intellectual, human, social and relational, and natural capital).
In this maximum 2000-word essay, you must use the IDEALS framework to critically analyze which of the capitals is most “material” for J WiFi. Essential elements of the essay are:
1. In defining the context you must identify key measures for all six capitals as both inputs and outputs of J WiFi’s business model based on the IIRC business model framework. All data must come primarily from the Operating and Financial Review and Corporate Governance Statement in the J WiFi annual reports for the past three years.
2. From the six capitals identify and provide reasons for selecting three core capitals are the most “material” to J WiFi’s business model.
3. Discuss the impact the three selected capitals as it is transformed from an input to an output. You must show how the capital increases or decreases, whether the increase or decrease is beneficial or detrimental to value creation.
4. To conclude the essay, identify which of the three selected capitals is the most important for J WiFi to create value. 5. In your closing reflection, outline whether or not integrated reporting has for improving financial reporting. A reference list is required and does not form part of the word count.
It is required that you use EndNote for referencing and the SPA 6th Style for your reference list.
Task overview: The purpose of the research report is to allow you to display:
• Discipline knowledge and skills;
• Critical, analytical and integrative thinking; and
• Effective communication.
This Is A Assumptive Assessment.