合并财务报表概要1.docx

Research on MASISA Integrated Reporting1. IntroductionThe emergence and development of enterprise reporting system has experienced a long history. It has changed from the financial information-oriented to the coexistence of financial information and non-financial information, from the simple disclosure of financial reports, to the coexistence of financial report and social responsibility report, sustainable development report and a series of non-financial reports. At present, the historical limitations of the enterprise reporting system, which is mainly based on financial reports and supplemented by various non-financial reports, have become increasingly prominent (Lewis, N. R., et al, 1986).The enterprise integrated reporting attempts to expose information from a systematic and comprehensive angle of view, in order to overcome the limitations of information overload, separated contents and single form (Eccles, R. G. ., et al, 2010).MASISA is a leading enterprise in the field of wood-based panels in South America. It has 11 production bases in Chile, Argentina, Mexico, Venezuela and Brazil. Relying on its own large area of forest land, MASISA provide high-quality radiation pine, medium density board and particleboard as raw materials, to the worlds architectural decoration enterprises, furniture manufacturers. The companys products have received the United States CARB P2 certification, and FSC certification, which is an excellent choice for export furniture manufacturers. MASISAs integrated reporting will be used as a case study source for this essay.2. Critical Analysis2.1 The development process of the integrated reportingSince 1980s, with the rise of the knowledge economy, the pure financial reporting information has not been able to fully reflect the value of the enterprises. People started focusing their attention on the reporting model, including reports of financial and non-financial information. In the middle of the 1980s, more and more enterprises began to