Abstract
Complex, diverse, multidirectional institutional processes taking place around the world have led to the fact that in modern conditions, priority direction of disclosure of information about the activities of the reporting entity to its stakeholders is integrated corporate reporting, which increasingly acts as a new effective management tool of the organization, providing the necessary information coherence and completeness of disclosure of information about sustainable business development. The authors analyzed three main types of elements combination providing different connectivity of the final report: centered, distributed and mixed, and determined approaches to the integration of information taking into account the interests of interested reporting users. Recommendations on methodological support for the preparation of integrated corporate reporting allow us to introduce an innovative approach to formalization of reports, and to ensure comparability and consistency of the presentation of accounting data at the strategic level.
Highlights
Russia's integration into the world economic system expands opportunities, and naturally increases the variability of economic conditions
The concept of corporate reporting is increasingly used throughout the world
The requirements for the quality of both source information and information contained in corporate reporting are significantly increasing (Filippov, 2009)
Summary
Russia's integration into the world economic system expands opportunities, and naturally increases the variability of economic conditions. This means the need to constantly seek new ways to increase competitiveness, growth directions and sources of investment. In these conditions, information requests of people interested in the effectiveness and efficiency of the business inevitably grow. The main primary source of obtaining financial information by stakeholders was accounting (financial) statements. In current conditions, new forms and methods of information disclosure and business transparency are required
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