International Journal of Contemporary Accounting
Vol. 5 No. 2 (2023): December

CHALLENGES IN DEVELOPING ANNUAL AND SUSTAINABILITY REPORTS: IS DATA MANAGEMENT MATTER?

Angelica Valerie Amaranydia (University of Leeds, United Kingdom)
Aghnia Nadhira Aliya Putri (School of Business and Management, Institut Teknologi Bandung, Indonesia)



Article Info

Publish Date
19 Dec 2023

Abstract

This study examines the multifaceted approval process in the preparation of Company X's annual and sustainability report, a subsidiary of a State-Owned Enterprise (SOE). The report's crafting involves various stages, from initial data collection fraught with reliability issues to final consensus-driven approval before release. The process is marked by intense scrutiny and a necessity for alignment with the company's strategic vision and the rigorous standards set by its leadership. Despite the application of best practices and lessons from previous research, the team encountered significant challenges, such as data inconsistency, excessive irrelevant information, and a lack of coordination between different reporting segments. These issues necessitated iterative revisions, meticulous translation accuracy, and careful management of stakeholder feedback. The study delineates the complexities of each phase of report preparation, highlighting the critical importance of the approval phase as a crucial gateway that ensures the report's quality, accuracy, and resonance with the company's strategic and brand considerations.

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Journal Info

Abbrev

ijca

Publisher

Subject

Economics, Econometrics & Finance

Description

The International Journal of Contemporary Accounting is an international, peer-reviewed, and research published by the Lembaga Penerbit Fakultas Ekonomi dan Bisnis, Universitas Trisakti, or Economics and Business Publishing Institution, Faculty of Economics and Business, Trisakti University. IJCA ...