The Annual Report

Francesca Magli () and Andrea Amaduzzi ()
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Francesca Magli: University of Milano-Bicocca
Andrea Amaduzzi: University of Milano-Bicocca

Chapter Chapter 4 in Innovations in Corporate Reporting, 2025, pp 31-44 from Springer

Abstract: Abstract This chapter traces the evolution of annual reports from basic financial statements to comprehensive tools for corporate communication. Initially focused solely on financial data, annual reports now include narrative reporting, providing insights into company performance, strategy, and outlook. Key milestones include: • Regulatory Changes: In both EuropeEurope and the United SUnited States (US)tates, regulations like the EUEuropean Union (EU) Accounting DirectivesEU Accounting Directives and Securities Acts have introduced stricter disclosure requirements for financial and non-financial informationInformation. • Accounting Standards: The adoption of IFRSInternational Financial Reporting Standards (IFRS) and GAAPGenerally Accepted Accounting Principles (GAAP) ensures standardized, comparable financial reportingFinancial reporting across companies and regions. • Corporate Governance: Increased emphasis on transparencyTransparency has led to detailed disclosures on governance, executive compensationExecutive compensation, and risk managementRisk management" . • Sustainability ReportingSustainability reporting: With growing focus on ESG factors, annual reportsAnnual report now include sustainability metricsSustainability metrics, influenced by directives like the EUEuropean Union (EU) Non-Financial Reporting DirectiveEU Non-Financial Reporting Directive (NFRD)" . • Integrated ReportingIntegrated Reporting (IR)" : This approach combines financial and non-financial dataNon-financial data, offering a holistic view of performancePerformance and long-term value creation. • Technological InnovationTechnological innovation in reporting: Digital toolsRole of Digital tools in reporting have transformed annual reportsAnnual report into interactive, multimedia experiences, enhancing stakeholder engagementStakeholder engagement. Additionally, Business Intelligence (BI) toolsBusiness Intelligence (BI) Tools streamline data integration, analysis, and reporting, ensuring real-time accuracy and impactful visual presentation. This innovationInnovation helps create more insightful and engaging annual reportsAnnual report.

Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-80404-5_4

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DOI: 10.1007/978-3-031-80404-5_4

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