Development of non-financial reporting system as a business efficiency improving tool
The problem of increasing informativeness about all the components of the activities of economic entities is the basis for emergence of non-financial reporting system. It discloses non-financial information about the environmental status of an organization, its social responsibility, and sustainable...
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| Format: | Article |
| Language: | English |
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Publishing House of the State University of Management
2023-07-01
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| Series: | Вестник университета |
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| Online Access: | https://vestnik.guu.ru/jour/article/view/4543 |
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| author | Zh. M. Korzovatykh |
| author_facet | Zh. M. Korzovatykh |
| author_sort | Zh. M. Korzovatykh |
| collection | DOAJ |
| description | The problem of increasing informativeness about all the components of the activities of economic entities is the basis for emergence of non-financial reporting system. It discloses non-financial information about the environmental status of an organization, its social responsibility, and sustainable development for the continuity of activities and careful attitude to nature. The activities of economic actors affect all spheres of social life and the environment as well, so the issue of non-financial reporting is relevant. The article studies state regulation of the system and identifies the need for area management and control. In order to effectively assess the contribution of an economic entity to the economy and the environment of a country, uniform standards for the composition and content of information disclosed in non-financial reporting and mandatory reflection parameters depending on the industry affiliation of companies, strategic orientation, and focus on the future are necessary to be used. Content-analysis of scientific publications on the system and general scientific methods of knowledge (systematic approach, logical generalization, and hypotheses) have been used as the methods of the research. The purpose of the study is to determine the main directions of harmonization of financial and non-financial reporting allowing to collect, evaluate, and analyze all the characteristics of an organization in the aggregate and increase the reliability of information about the economic entity as a whole. |
| format | Article |
| id | doaj-art-d8ba986f09df488d8c3bc20f03dca0d1 |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2023-07-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-d8ba986f09df488d8c3bc20f03dca0d12025-02-04T08:28:17ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152023-07-011611512210.26425/1816-4277-2023-6-115-1222812Development of non-financial reporting system as a business efficiency improving toolZh. M. Korzovatykh0State University of ManagementThe problem of increasing informativeness about all the components of the activities of economic entities is the basis for emergence of non-financial reporting system. It discloses non-financial information about the environmental status of an organization, its social responsibility, and sustainable development for the continuity of activities and careful attitude to nature. The activities of economic actors affect all spheres of social life and the environment as well, so the issue of non-financial reporting is relevant. The article studies state regulation of the system and identifies the need for area management and control. In order to effectively assess the contribution of an economic entity to the economy and the environment of a country, uniform standards for the composition and content of information disclosed in non-financial reporting and mandatory reflection parameters depending on the industry affiliation of companies, strategic orientation, and focus on the future are necessary to be used. Content-analysis of scientific publications on the system and general scientific methods of knowledge (systematic approach, logical generalization, and hypotheses) have been used as the methods of the research. The purpose of the study is to determine the main directions of harmonization of financial and non-financial reporting allowing to collect, evaluate, and analyze all the characteristics of an organization in the aggregate and increase the reliability of information about the economic entity as a whole.https://vestnik.guu.ru/jour/article/view/4543non-financial reportingsocial responsibilityenvironmental situation of the organizationsustainable developmentdisclosure of informationreporting standardsintegrated reporting |
| spellingShingle | Zh. M. Korzovatykh Development of non-financial reporting system as a business efficiency improving tool Вестник университета non-financial reporting social responsibility environmental situation of the organization sustainable development disclosure of information reporting standards integrated reporting |
| title | Development of non-financial reporting system as a business efficiency improving tool |
| title_full | Development of non-financial reporting system as a business efficiency improving tool |
| title_fullStr | Development of non-financial reporting system as a business efficiency improving tool |
| title_full_unstemmed | Development of non-financial reporting system as a business efficiency improving tool |
| title_short | Development of non-financial reporting system as a business efficiency improving tool |
| title_sort | development of non financial reporting system as a business efficiency improving tool |
| topic | non-financial reporting social responsibility environmental situation of the organization sustainable development disclosure of information reporting standards integrated reporting |
| url | https://vestnik.guu.ru/jour/article/view/4543 |
| work_keys_str_mv | AT zhmkorzovatykh developmentofnonfinancialreportingsystemasabusinessefficiencyimprovingtool |