Question

Compare and contrast balanced scorecards and integrated reporting.

Answer 1

Answer:

Compare and contrast between Integrated reporting and Balanced scorecard in the following:

Integrated reporting:

Integrated reporting is an presentation of fiscal reports in a way to disclose the stakeholders with respect to how the organization has created value for them after some time.

The significant objective of integrated reporting is to emphasize on esteem or value addition after some time and give a far comprehensive perspective on the allocation of capital.

Balanced scorecard:

Balance scorecard approach utilizes the parts of business, business procedures, clients and learning and development, the common regions or aspects of a balanced scorecard to give the board of directors an accurate and deep understanding in to money related or fiscal and non fiscal performance.

A balanced scorecard approach objective or intends to present to the stakeholders the fiscal just as non fiscal parts of reporting and clarify how different connections or relationships are critical for the business to work.