JB Hi-Fi-Report.docx - REPORT 2 1 Identify the problem This essay focuses on the JB Hi-Fi Limited an Australian retail company and their financial

JB Hi-Fi-Report.docx - REPORT 2 1 Identify the problem This...

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REPORT 2 1. Identify the problem 2. Determine relevant information 2.1. IIRC’s business model framework An organization’s business model is its system of transforming inputs, through its business activities, into outputs and outcomes that aim to fulfil the organization’s strategic purposes and create value over the short, medium and long term. This definition may at first glance seem sterile, but a growing number of examples demonstrate how it is being used to succinctly communicate those capitals (or resources) that the organization draws on as inputs to its business activities, and how these are converted to outputs (products, services, by-products, and waste), which ultimately lead to outcomes in terms of effects on the capitals and stakeholders. (The International Integrated Reporting Council (IIRC), 2018) . Reporting on an entity's business model is central to an investors understanding of the entity and its strategy, governance, performance and prospects. Integrated reporting first serves to improve the information quality supplied to capital providers, in order to engender a more effective allocation of capital. Therefore, the ultimate goal is to provide users with insight on the ability of the business to adapt to changes, for example, in the availability, quality, and
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affordability of inputs, and how these changes can affect the organization’s longer-term viability. (The International Integrated Reporting Council (IIRC), 2018). The (IR) Framework provides a way to help make business reporting more consistent in its overall approach across organizations, and more connected with the other elements of integrated and narrative reporting. 2.2. The 6 capitals Capital Item Approximate value (2018,2017,2 016) Remark Financial Internal and external sources of finance 2018 -$6,854 million 2017 -$5,629 million 2016 -$3,953 million JB Hi-Fi company generates funds both from the internal and external sources of finance.
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  • Fall '09
  • JSTEWART
  • Business, Management, JB Hi-Fi, JB Hi-Fi Limited, Keilor East, Victoria, Hill and Stewart

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