Relevance of financial reporting systems : single-bottom line or triple-bottom line

Show simple item record Khomba, J.M. Vermaak, Frans N.S. 2013-03-22T12:52:44Z 2013-03-22T12:52:44Z 2012-03-07
dc.description.abstract Traditional financial reporting systems have geared towards the single-bottom line reporting in the form of profitability. However, there are arguments that corporate reporting systems should not just dwell on a single-bottom line but should be reported upon on three elements comprising economic/financial, social and environmental elements that constitute the triple-bottom line. This study aimed at empirically researching on what current practices corporate business executives and financial managers deploy in their corporate financial reporting systems. The focus of the study was on the assessment of the relevance of either the single-bottom line or triple-bottom line reporting systems within an African framework. Data was collected using the structured questionnaire that was administered across different countries from Southern Africa. The study results reveal that a sustainability (triple-bottom line) reporting system has been embraced by many organisations in Africa. The study findings suggest that there is a need to review and redesign accounting and financial principles and policies so that they are aligned with the emerging triple-bottom line reporting system requirements. The study findings will be of much relevance to academics, researchers and industry practitioners. en_US
dc.description.librarian am2013 en_US
dc.description.uri en_US
dc.identifier.citation Khomba, JK & Vermaak, FNS 2012, 'Relevance of financial reporting systems : single-bottom line or triple-bottom line', African Journal of Business Management, vol. 6, no. 9, pp. 3519-3527. en_US
dc.identifier.issn 1993-8233
dc.identifier.issn 2079-410X (online)
dc.identifier.other 10.5897/AJBM11.2956
dc.language.iso en en_US
dc.publisher Academic Journals en_US
dc.rights ©2012 Academic Journals en_US
dc.subject Africa en_US
dc.subject Financial reporting en_US
dc.subject Malawi en_US
dc.subject Profitability en_US
dc.subject Stakeholders en_US
dc.subject Sustainability en_US
dc.subject Triple-bottom line en_US
dc.title Relevance of financial reporting systems : single-bottom line or triple-bottom line en_US
dc.type Article en_US

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