Consider the costs and benefits to a company of gathering, reporting, Term Paper

Consider the costs and benefits to a company of gathering, reporting, and disclosing non financial information ( Balanced Scorecard, Corporate Social Responsibility Reporting, Sustainability Reporting - Term Paper Example ment of any form of information is often a costly process that requires the installation of effective information system in order to enhance the collection, processing and presentation of the information systematically. Despite the cost implication of the entire process, effective management of such information enhances the profitability of an organization since it enhances the operations of the organization. Such non-financial information often include marketing information, social responsibility reporting and balanced score card reporting among many others. Such are vital information that enhances the operations of the organization. Such activities are major projects undertaken by the company with the view to enhancing its profitability. Marketing for example is a fundamental function of the management whose primary mandate is to enhance the profitability of the organization (Burrow and Jim 44). The same is the case with social responsibility which is often a method of advertising products strategically thus improving the reputation of the company in a particular market. Collection of the information about such processes is vital since they contribute to the management of the resources of the organization. Effective management of the non-financial information enhances the operations of the organization. Such information portrays the amount of resources allocated to such undertaking and the returns the organization obtains from the projects. As explained earlier, non-financial information, include information on some of the most sensitive undertakings in the company. Such information requires effective collection, processing, filing and dissemination for future references. This implies that such systematic management of the information enhances the accountability desired by the management in the organization. The information facilitates investigation and auditing of the activities of the company a fundamental feature that contributes to the efficiency of the