Abstract
Complicated, diverse, multidirectional institutional processes, taking place around the world, have led to the fact, that in modern conditions the priority direction for disclosing of information about the reporting entity activities to its stakeholders is corporate integrated reporting. It is increasingly acting as a new effective management tool that provides the necessary information connectivity and completeness of disclosure of information on sustainable business development. The article is devoted to one of the effective methods used in the preparation of integrated corporate reporting: internal self-assessment of the organization. The authors substantiate the need for internal self-assessment in order to prepare integrated corporate reporting; made proposals for the development of methods of the organization self-assessment; formed several proposals to improve the organizational and methodological support of the procedure of its implementation; disclosed the main content of the stages of internal self-assessment of the organization. The peculiarity of the proposed methodological solution is the focus on in-depth analysis of the existing business model, the assessment of the contribution of all types of capitals to the result of the organization, taking into account the features of the internal and external environment and industry specifics. The practical application of the proposed methodology as one of the tools of corporate governance allows to increase the level of standardization of integrated reporting and to ensure optimal management of financial and non-financial information flows.
Highlights
Domestic and international experience in the integrated corporate reporting formation shows that Russian scientists constantly face with a number of conceptual issues and problems in the development of relevant methodological materials and the attempt of their practical application: the lack of complex necessary information, both in open sources and in the accounting systems of organizations, the lack of data and statistics in the needful analytical context, the use of complex indicators, the inability of accounting system to provide relevant non-financial information, etc.In this regard, despite the high need for high-quality methodological developments in the field of organizational and methodological support for the integrated corporate reporting preparation, there is a noticeable lack of them
Initial methodological assumption is the recognition that the existing accounting and information system of domestic organizations in the real sector of the economy is focused primarily on the collection and presentation of value information and is not well suited for non-financial information in the formats required for submission in non-financial reporting (Dunets et al, 2019; Chernysheva et al, 2019; Nikolaeva et al, 2018; Goryushkina et al, 2018)
From the point of view of the integrated corporate reporting preparation process, self-assessment can be considered simultaneously as an internal questionnaire independently conducted by responsible executives and as a comprehensive, systematically organized analysis of the current business model, taking into account the main capital involved in it
Summary
Domestic and international experience in the integrated corporate reporting formation shows that Russian scientists constantly face with a number of conceptual issues and problems in the development of relevant methodological materials and the attempt of their practical application: the lack of complex necessary information, both in open sources and in the accounting systems of organizations, the lack of data and statistics in the needful analytical context, the use of complex indicators, the inability of accounting system to provide relevant non-financial information, etc.In this regard, despite the high need for high-quality methodological developments in the field of organizational and methodological support for the integrated corporate reporting preparation, there is a noticeable lack of them. Domestic and international experience in the integrated corporate reporting formation shows that Russian scientists constantly face with a number of conceptual issues and problems in the development of relevant methodological materials and the attempt of their practical application: the lack of complex necessary information, both in open sources and in the accounting systems of organizations, the lack of data and statistics in the needful analytical context, the use of complex indicators, the inability of accounting system to provide relevant non-financial information, etc. An orderly, albeit distributed, mechanism for collecting information through internal self-assessment could be a possible solution
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