Financial Disclosure and Performance of Microfinance

Question: Discuss about the Financial Disclosure and Performance of Microfinance. Answer: Introduction The present study aims to discuss the accounting disclosures as a part of management of stakeholders as well as legitimacy activities for the given company Graincorp Limited for the year ended 30 September 2016. Each of the organization is required to disclose the relevant financial and non- financial information in the annual report for the use of stakeholders. Considering the concept of legitimacy theory, it is essential for the companies to disclose the business information in terms of appropriates values, norms and beliefs (Quayes Hasan, 2014). In view of the present annual report, the company disclosed the relevant disclosures for estimating impairment of goodwill and other assets, which is essential to determine the appropriate value of financial position. It is essential for the business organizations to present the appropriate disclosures for present and prospective investors (Graincorp.com.au, 2017). For instance, the company disclosed the judgments for making provisions for claims and losses based on the historical information as well as business practices. Based on the companys business functions, it is essential to disclose the segment information to describe the segments geogra phically and business segments. It has been mentioned that the company described the business activities and stated reportable segment. As per the reported business segments, company provided reportable profit for different business segments which indicates the financial performance of the company from each segments. Such information assists in taking proper business and investment decisions considering the information on business ethics and values as described in the financial report (Graincorp.com.au, 2017). Conclusion In view of the present discussion, it can be said that the organization is required to explain the behavior and values that have been implemented and disclosed in respect to social and environmental factors. The present company provided disclosures on accounting estimates and judgments as well as asset valuation methods so that the stakeholders and prospective investors. The company followed the accounting principles as well as the business values while disclosing the financial and non- financial information to provide transparent and accountable information. Reference List Graincorp.com.au. (2017). GrainCorp.. Retrieved 7 April 2017, from https://www.graincorp.com.au Quayes, S., Hasan, T. (2014). Financial disclosure and performance of microfinance institutions.Journal of Accounting Organizational Change,10(3), 314-337.