There are two categories of disclosures within the financial statement of Microsoft. They include the following:
- Mandatory Disclosures
These are parts of the financial report that are found to be mandated lawfully through regulation or bookkeeping standard(Heritage, 2010). The examples incorporate within several jurisdictions i.e. balance sheet, income statement, statement of cash flows, changes in the equity statement, information associated with the operating segments, auditor reports, corporate governance disclosure, for example, remuneration report and a few things in the directors’s report (e.g. synopsis of operating position)
- Voluntary Disclosures
These are parts of the financial report that are not basically mandated throughout the law or regulation however is nevertheless disclosed. They are regularly predominantly narrative as opposed to numerical in nature. Examples incorporate in several jurisdictions informational risk, environmental and social information, the CEO’s review and operating review as well.
Impression management is a goal based conscious or oblivious process in which individuals endeavor to impact the view of others around a person, event or an object. Impression management is performed by controlling or forming data in interactions within a social basis(Niamh, 2012). It is normally synonymous with presentation toward oneself, in which a man tries to impact how others see their picture. Impression management is utilized by interchanges and advertising experts to shape a public image of an organization. The thought that perception is the truth and is the premise for this sociological theory. The perception of an individual—an employee or a manager generally shapes how the general public sees an association and the related products (Pitta, 2010).
The theory of impression management basically expresses that any organization or individual must make and keep up impressions that are compatible with the perceptions they need to pass on to their groups of stakeholders (Heritage, 2008). From both public relations viewpoint and communications, impression management includes methods for imparting consistency between individual or hierarchical objectives and their proposed activities so as to impact perception of the public viewpoint.