ABSTRACT
For company financial reporting it is not completely possible to set the boundaries of reporting in an explicit way. With reference to group financial reporting, since the very first conceptualisations, both the proprietary and entity view for consolidated financial statements can be characterised by a strong intertwining of accounting and law. Accordingly, in the scheme of Zambon the boundaries of reporting could be drawn, with reference to financial reporting, in between the accounting model and the users, with the exception of internal users, which will be considered as laying within the boundaries. In providing boundaries with 'visibility', the focus should clearly be on the process rather than on the objects that are separated or unified through boundaries. To conclude, the ways reporting boundaries are defined and set is a topic which needs to be placed at the centre of accounting, financial and nonfinancial reporting research, institutional and professional agendas.
