SD# 3 Essay Example | Topics and Well Written Essays - 500 words

SD 3 - Essay ExampleConsequently, the monetary prize of the firm, as expressed through the financial statement, incorporates these factors to ensure that the come with is responsible and maintains a healthy family relationship with the environment for a future success. When a firm fails to leave better services or pollutes the environment, the resulting payoff provide affect its reputation and operations, thus threatening its existence.The purpose of the International Integrated Reporting Council (IIRC) is to provide a holistic model that gives a comprehensive view of the firm operations and business strategies. Specifically, the programme uses both the financial and nonfinancial information to establish the effectiveness of the business in maintaining a workable and sustainable business environment (IIRC n.p.). As expressed in its vision, the IIRC intends to embed integrated thinking in the business practices to make it a corporate reporting norm that leads to efficient and productive capital allocation. Consequently, this will lead the company to financial stability and sustainability in its operations. Therefore, the purpose of the IIRC is to improve business reporting to revitalize public trust in businesses, enhance investors confidence, and ensure efficient capital allocation in the economy for a sustainable and stable business environment (IIRC n.p.).The stock exchange market is a dynamic industry that changes drastically due to various factors such as public perception of the company or a negative assessment of the firm by an external entity. Therefore, for the NASDAQ exchange market to take account a business, it must have holistic and comprehensive information about the company. Specifically, that does not only hatch its financial performance but also its nonfinancial activities that are crucial in determining its future performance in the stock exchange. The profitability of a business depends on strategic management and companionable