Disclosure Of Non-Financial Information In Corporate Social Reporting As A Strategy For Improving Management Effectiveness

Abstract

With the economic relationships being, as evolved, as they are today, the need for further development of the concept of intellectual capital is gaining particular relevance as it is the key factor that determines the diff erence between companies' market and book values, and corporate social responsibility levels. Th e objective of the research is to fi nd the key gaps and shortcomings in the existing approach to intellectual capital accounting and reporting, and to propose appropriate solutions relevant to fully meet the information needs of stakeholders regarding the capitalization of costs associated with the creation of internally generated intangible assets, maintaining records of personnel-related costs. Th e authors propose a technique for data completeness analysis, which allows evaluating the quality of non-fi nancial report (on the scale from 1 to 268, were the 268 is the most informative report) by taking in consideration the contents of information provided in the companies' reports under each of 32 disclosure items grouped into eigth content elements. Disclosure items developed are based on the assessment of possible information wich can be provided in non-fi nancial reports. Ten Ukrainian businesses operating across diff erent sectors of the economy which published their corporate social responsibility reports have been evaluated by using the proposed technique and the received total rate is from 24 to 150 points.

Improvement of the essence of professional judgment in accounting of Ukraine

“…); -the application of professional judgement on mate riality; -the use of professional judgment in the choice of the evaluation of the accounting object (using the historical or fair value); -the need to expand the information base to meet the information needs of the parties concerned in case of decision making (in particular, filing non financial information in the form of non financial reportinga corporate social responsibility report, sustainability report, integrated reporting, etc.) [18]. Technology audiT and producTion reserves -№ 2/4(34), 2017…”

“…Furthermore, an important condition for high quality valid results is to analyse international [1][2][3][4] and national laws and regulations [5,6], as well as the approaches of na tional and foreign scientists [7][8][9][10][11][12][13][14][15][16][17][18][19][20].…”

“…The vast majority of scientists accountants of the post Soviet era only begin exploring the issues of the essence of professional judgment due to the lack of mechanisms of its implementation in the accounting system, considering professional judgement as a process or a set of specific actions of an accountant in response to certain conditions [12][13][14]17]. Furthermore, some studies are devoted to the classification of professional judgment by various features and factors influencing it [9,[15][16][17][18].…”

Sustainability reporting disclosure practices among Bangladeshi companies in line with Global Reporting Initiatives

“…Hence, the objective of this study is to identify the nature and extent of sustainability reporting disclosure practices by Bangladeshi firms, in line with Global Reporting Initiatives (GRI). The most comprehensive global frameworks for non-financial reporting are GRI, Accountability Standard, ISO 26000, and Integrated Reporting (Boyko & Derun, 2016). However, this study only considers the GRI as it is the most preferred for the three pillars of sustainable development, i.e., economic, social, and environmental performance (Hohnen, 2012) and the most successful in promoting the practice of sustainability reporting, particularly among Asian and South American companies (Barkemeyer et al, 2015).…”

Organizational Model of Accounting Policy Under Conditions of Ifrs Use

“…-the appearance of the accounting new objects, which are not reflected in the enterprise's financial reporting (business reputation of the company, human capital, client base, transactional expenses, etc. ); -the use of the professional opinion on its vitality; -the use of the professional opinion at the estimation choice of the accounting object (Boyko, 2016).…”