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Introduction to strategic management accounting

The IIRC (International Integrated Reporting Council)

 Aim: To create a globally accepted framework for IR.

 Sets out guiding principles and content elements to consider when preparing
an IR.

Guiding principles Content elements

1 Strategic focus and future 1 Organisational overview and
orientation external environment

2 Connectivity of information 2. Risks and opportunities

3 Stakeholder relationships 3 Strategy and resource
allocation
4 Materiality
4 Business model
5 Conciseness
5 Future outlook
6 Reliability and completeness
6 Performance
7 Consistency and comparability
7 Governance

8 Basis of preparation and
presentation

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