Financial versus and Non-Financial Information

Question  According to Sievers et al. (2013, p 468), ‘Accounting information…captures an amount of economic information that is equivalent to that of non-financial information’. Journal article: Sievers, S., Mokwa, C.F. and Keienburg, G. (2013).The relevance of financial versus non-financial information for the valuation of venture capital-backed firms,European Accounting Review, 22(3), pp. 467-511. Required: • Critically evaluate the use of financial and non-financial information included in the annual report of a multinational corporation.What type of financial or non-financial information should multinational corporations disclose? How are such information used by different user groups (its relevance or importance to users of annual reports be they investors or any other stakeholders) • The quote provided should be your starting point but your answer should not be limited to this. • You should make use of a minimum of 10 academic papers.

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