Financial reporting is an essential aspect of corporate accountability and transparency. It involves the communication of a company's financial and non-financial performance to stakeholders such as investors, creditors, employees, and regulators. However, there are different views on how companies should report the outcomes of their activities. Some argue that it is essential to consider the economic impact of a company's activities on stakeholders, while others believe that the monetary value of activities is of primary importance.

Discuss these two distinct perspectives how do they differ? Which perspective do you support, and what is your justification for this choice?