CAS3701 Assignment 6 (COMPLETE ANSWERS) 2024 - DUE 28 June 2024 ;100 % TRUSTED workings, explanations and solutions. For assistance call or W.h.a.t.s.a.p.p us on ...(.+.2.5.4.7.7.9.5.4.0.1.3.2)...........
Part 1 The seven guiding principles of the Integrated Reporting Framework (IRF) which impact ...
CAS3701
ASSIGNMENT 6 2024
UNIQUE NO.
DUE DATE: 28 JUNE 2024
, CAS3701
Assignment 6 2024
Unique Number:
DUE DATE: 28 June 2024
Capstone in Accounting Sciences
UNISA@2024
, PART 1
1. Introduction
Integrated Reporting Framework (IRF): The IRF aims to improve the quality of
information available to investors and other stakeholders to enable a more efficient and
productive allocation of capital. It emphasizes the interconnections between financial
and non-financial information to provide a holistic view of a company's performance.
IFRS Conceptual Framework: The IFRS Conceptual Framework provides a foundation
for the development of accounting standards, ensuring that financial statements are
useful for decision-making. It emphasizes the importance of relevance, faithful
representation, comparability, verifiability, timeliness, and understandability.
2. Comparison and Contrast
a. Remuneration
IRF Principle: Strategic focus and future orientation
IFRS Characteristic: Relevance
IRF Example from ABC Ltd.'s Integrated Report:
o The Integrated Report of ABC Ltd. for 2022 highlights how executive
remuneration is aligned with the company’s strategic goals, such as long-
term value creation and sustainability targets. For instance, the CEO's
compensation package includes performance-based incentives tied to
achieving sustainability milestones.
IFRS Example from ABC Ltd.'s Annual Financial Statements:
o The Annual Financial Statements (AFS) of ABC Ltd. for 2022 provide
detailed disclosures on executive remuneration, including the breakdown
of salaries, bonuses, and stock options. The relevance of this information
is evident as it allows investors to assess how well the remuneration
aligns with the company's performance and strategic objectives.
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