The following part presented a ‘new’ concept of financial reporting as a consequence of the result of the examination to the concept of current financial reporting. This ‘new’ concept based on the absolute objectivity and sustainable aspect to replace or substitute the current financial reporting. To enable the application in the real world of economy where the business unit from small, medium to multinational company even to not profit organization, it uses two approaches – simple and comprehensive approach. This ‘new’ financial reporting can adopt the concept of sustainability if needed. This concept remain enable people to measure the performance of management in handling the resources of company by making analyzing of transactions of cash and liabilities instead of earnings. Here the author accommodates the sustainability concept as applied by the United Nations in the format of financial statement and mention this ‘new’ concept with the True Global Financial Statement. The appendix will present examples of the format of financial statements in applying the concept of sustainability or not.