FORMATION OF THE SYSTEM OF FINANCIAL-INFORMATION SUPPORT OF ENVIRONMENTALLY-ORIENTED MANAGEMENT OF THE ENTERPRISE

L M L M Akimova,N M N M Kondratska,K M K M Fedyna,V V V V Bashtannyk,O O O O Osadcha

doi:10.18371/fcaptp.v1i32.200606

Abstract

The relevance of the study is due to the need for changes in the methodology and organization of financial and information support for the activities of business entities taking into account modern socio-economic transformations. It has been established that awareness of limited resources and the introduction of programs for their conservation, ensuring the harmonious development of mankind has an impact on the conduct of economic activity. In addition, the need for systematic research aimed at creating modern information support for an environmentally-oriented enterprise management system is maximally connected with the need for close cooperation with international financial organizations, among which are comparability and objectivity of indicators. This confirms the importance of reflecting the above trends in the accounting methodology — a system that generates information about the results of an enterprise. The article substantiates that the formation of a modern system of financial and information support for business activities aimed at the conservation and rational use of natural resource potential at the micro level will minimize financial risks associated with environmental changes, and at the macro level it will help to achieve the goals of environmentally sustainable development and implementation of state programs environmental safety of Ukraine. The main global forms of non-financial reporting are analyzed, as well as the domestic Management Report for the publication of information on environmental aspects of economic activity. Given the recommendations of the International Federation of Accountants on the dissemination of the use of integrated reporting, considerable attention is focused on the study of the reflection in it of the environmental components of the enterprise. It was found that based on integrated reporting, not only climate change strategies are formed, but also information on how climate change affects the enterprise’s business strategy and its ability to create value. Thus, integrated reporting formalizes the process of building strategies. Building an enterprise management system based on long-term strategies will not only reduce climate risks, but also create better models for building business structures, increase the stability of capital markets and global financial stability. It is proved that the development of modernization tools for the domestic financial accounting system, the introduction of environmentally oriented accounting systems will, in addition to increasing the quality of accounting and analytical information, achieve global sustainable development goals and ensure environmental safety, stimulate the subjects of the domestic economy to protect, reproduce and rational use of natural resources.

Highlights

The greatest concern of the world community is the inevitable change in climatic conditions, their negative threatening impact on the continued existence of mankind
The International Federation of Accountants has identified the following tasks in combating climate change and its consequences, which are relevant to the profession of an accountant and should be reflected in the methodology and organization of accounting: 1) increase resistance and ability to adapt to dangerous climatic events and natural disasters in all countries; 2) integrate climate change responses into national policies, strategies and plans; 3) contribute to the growth of education and ensure the ability of individuals and institutions to alleviate the severity and weaken the effects of climate change, adaptation and early warning of such changes [1, p. 23]
Scientists claim that social responsibility for sustainable development, which leads to a harmonious relationship between the business and the natural environment, is in the plane of the professional management of the enterprise

Summary

Introduction

The greatest concern of the world community is the inevitable change in climatic conditions, their negative threatening impact on the continued existence of mankind. In order to objectively reflect information on the results of activities of business entities in the context of achieving sustainable development goals, attention is being paid to ensuring the quality of financial statements.

Results

Conclusion