IFAC - International Federation of Accountants

01/08/2021 | News release | Distributed by Public on 01/08/2021 17:22

Rethinking Value Creation

On this page you will find resources and latest thinking from the global accountancy profession and beyond on rethinking value creation.

For the better half of the last millennia, accounting has been the language of business, governments, trade and capital markets. But corporate success and value creation needs rethinking. Value is created through knowledge and creativity. Digital disruption is threatening entire industries. Financial markets are fraught with geopolitical and economic volatility. The deepening climate emergency, and other environmental issues, such as water and land use, mean that business as usual is not an option.

Accounting for and reporting on value creation is an evolving area of importance to future-ready professional accountants. Many prevailing ideas on how to measure value creation and impact are emerging and not yet subject to global standards. Yet, the enhanced role that the CFO and finance function can play in accounting for value creation will result in a stronger and more effective finance and accounting profession that sits at the heart of organizations.

Both integrated thinking and reporting, as well as impact measurement and management, are becoming more mainstream. This area is of particular importance for understanding, measuring and providing confidence on business performance, and involves accountants working closely with others from a wide range of disciplines and perspectives.

Value Creation Publications

Value Creation Gateway Articles

November 2, 2020 | Presentation by Datuk Zaiton Mohd Hassan, Chair, Bank Pembangunan Malaysia Berhad (BPMB)

November 2, 2020 | Presentation by Ian Kramer, Interim CFO, AngloGold Ashanti

May 7, 2020 | Presentation by Tjeerd Krumpelman, Global Head of Advisory, Reporting & Engagement, ABN AMRO

November 8, 2019 | Presentation by Simon Theeuwes, Senior Manager Corporate Treasury, Royal Schiphol Group

Resources from our Network

Guidance on improving the quality of ESG information for decision-making

June 24, 2019 | WBCSD

Intangible Asset Market Value Study

| Ocean Tomo

A framework for contributing to the SDGs through the value creation process

| IIRC

Why a CFO is the True Change Maker Inside a Company

October 16, 2017 | The CPA Journal

Embankment Project for Inclusive Capitalism releases report to drive sustainable and inclusive growth

November 16, 2018 | EY

Accountants, Purpose and Sustainable Organisations

April 6, 2020 | ACCA

CFO As Value Creator

June 8, 2020 | IMA

Business Models Concepts - CGMA White Paper

July 3, 2018 | CGMA

Connecting Value Generation for the Long Term

May 21, 2018 | CGMA