Development of analytical support for the formation of the Management Report

Abstract

In order to promote the transparency, completeness and relevance of accounting and reporting information, the article presents proposals for the development of analytical support for the Management Report. It is recommended to analyze the Management Report in the following stages: disclosure of information on financial results; analysis of liquidity and liabilities; disclosure of information on environmental aspects of activities; disclosure of information on social aspects and personnel policy; study of the prospects for the development of enterprises; analysis of the state of corporate governance. Approbation of the proposed approach made it possible to identify differences and similar aspects of generating reports on the management of electricity distribution enterprises. In particular, it was found that there is no unified approach to the use of liquidity and liabilities indicators, therefore it is recommended to use absolute liquidity indicators and coverage ratio. The environmental aspects of companies’ activities have been identified and an insufficient level of disclosure of relevant information in the management reports of electricity distribution enterprises has been established. Research in the reports of personnel policy and social issues allowed establishing equal career opportunities for all categories of personnel, timely training and professional development of the operational needs of the company. It was found that the prospects for the development of all studied enterprises are efficient use of resources and reducing the impact on the environment, increasing industrial safety and timely renewal of electrical networks and equipment.