Resumen de Financial reporting that adds value: a literature review

Sergio López Moreno, Patricia Granados Gonzalez, Ana Moreno Adalid

• Objective: The main objective of this paper is to review the literature on financial reporting models and the methodologies designed to improve their efficiency and usefulness.

  Methodology: It is conducted using a literature review methodology divided into three thematic groups, and includes keyword and snowball search techniques.

  Findings: The main conclusion focuses on the need for a decision architecture that considers financial reports as complementary tools to traditional instruments, highlighting the importance of clarity, relevance, transparency and comparability in the production of these reports to improve decision making and user confidence.

  Discussion: The different views on the concept of financial reporting are discussed and the different forms that can be found are summarised.

  Practical implications: This research is useful to establish the objective of new research to fill the identified gap. Financial reporting is of great importance for corporate decision making and transparency. The integration between financial information and decision making is crucial for the company’s return on investment, adaptation and growth. Although this is an extremely important aspect, paradoxically there is a gap in academia as very few studies have focused on this integration in terms of how the financial reports that are exchanged between these departments and that are the fundamental basis for building resilient decisions should be prepared.