INTEgrated REporting for SMEs Transparency, the INTEREST project supported by the ERASMUS+ European programme

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INTEREST in short

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INTEREST outputs
  1. Direct application to SMEs is not working, so the goal is to develop an adaptation scheme of the 6-capital-based integrated reporting to SMEs. An intellectual output of the INTEREST project in form of a Guide will produce an easily digestible suggestion for SMEs on how to prepare their Integrated Reports and develop an integrated thinking approach to value creation and decision making processes.
  2. Another intellectual outcome will be a mix of face-to-face, e-learning and work based learning modular training material for SMEs, SME accountants and students on IR, based on the 6 capitals. While the VET trainings will be subjected to institutional or national vocational qualifications, the courses targeting the students will be accredited through ECTS. The hidden purpose is to transform the mind-sets of SME senior management, accountants and students by adopting integrated thinking on the whole value creation process of an SME.
  3. Another task set out by the partnership is to elaborate on possible incentives to encourage SMEs to adopt IR. Meeting the information needs of investors, finance providers and other stakeholders is only one of the most convincing arguments. Others include better decision making, enhanced reputation and trustworthiness, and finally a focus on the longer-term sustainability of SMEs. We intend to point out how the practice of IR can help improve the economic, social and environmental performance of an SME.

Coordinator:

Dr. Péter Soltész and László Varga
BBS - Budapest Business School
29-31 Markó Street,
H-1055 Budapest, Hungary
INTEREST project
EU flag Erasmus+
This project has been funded with support from the European Commission under the ERASMUS + European programme.
This publication reflects the views only of the author, and the Commission cannot be held responsible for any use which may be made of the information contained therein.