Financial reporting Assignment Example | Topics and Well Written Essays - 1500 words

Financial reporting - Assignment Example rganization is not to simply promote its very own business and increase the ultimate goal of profit figures but, on the other hand, these organization also acknowledges their secondary responsibility towards its society people and environmental affects. The primary purpose of conducting various CSER activities by Company is the clear acknowledgement on the part of the Company that they do care about its society, their peoples, and environment and therefore, is consistently working on the promotion of various subjects of the society including, literature, sports, health, safety and others. CSER involve in incurring some short-term expenses and costs for the organization that do not also provide an instant financial benefit to the business, but instead it provides some qualitative return to the business in the long run. The activities of CSER widely promote many positive and beneficial transformations into the society and environment, in which the organization is performing their operations. With the help of CSER report, the ultimate aim of the business is to signify towards the society that they are the organization which have strict regulations and controls over the various business evils, including, Frauds, Bribery, Political influences and gifts, conflict of interests, compromise of independence issues, tax evasion, unethical business practice, unfair competitive activities, lack of confidentiality of business information and acumen, harassment of human rights and values, discrimination and many others, depending on the structure and needs of the organization. Through, CSER, business organization also wants demonstrate they strictly follow health and safety measures, its code of conduct, regulatory guidelines and are continually striving for improvement in order to accrue lesser and lesser damage to physical environment and nature. ABF Plc’s Corporate Responsibility Report clearly demonstrates that how much importance they are actually giving to the area