Integrated reporting in agriculture: A structure and the problems of implementation

The efficient use of resources in the agricultural economy and a significant increase in agricultural production volumes have ensured a more sustainable development of all activities of agricultural organizations. Therefore, there is an objective need for the formation of integrated reporting in these organizations for the purpose of presenting to users reliable and complete not only financial information, but also non-financial information, which in integration represents a holistic picture of the combination, relationship, interdependence between factors affecting the organization’s ability to create value in the form of funds and items of labor, current costs and capital investments. The main source of financing for value creation for the reporting period and for the long term is financial capital, which changes over time, that is, increases, decreases or transforms into various types of capital: reproductive and intellectual capital; human capital; social capital; natural-ecological capital. In this regard, the objective formation and disclosure of information about all changes in capital associated with the creation of value in agricultural organizations becomes an urgent task. The generation and disclosure of such information is currently quite difficult in agricultural organizations due to the lack of an appropriate information base. The proposed digital economic information system, including subsystems for accounting, analysis, planning and verification of information, makes it possible to fundamentally change the formation of integrated reporting indicators in the direction of increasing the degree of their reliability, comparability, objectivity, reliability and usefulness for users to make scientifically based economic decisions. The study substantiates the methodology for maintaining off-balance sheet accounting of the presence and movement of capital in dual-use accounts, in which transactions are recorded using the double entry method and the simple entry method. All changes in capital in these accounts are reflected and taken into account when forming the economic, social and environmental infrastructure of the organization, as well as when disposing of (writing off) various types of funds from these areas of activity. In addition, the information from these accounts allows, in integrated reporting, to draw up a special form of balance of resources and capital, used to assess the efficiency of resource use in the economic, social and environmental spheres of the organization’s activities.

unclassified

Off-Balance Sheet Accounting for Changes (Transformations) of Capital in Value Creation Processes

Dzhikiya

2023

“…Проблемы управленческого учёта освещены в трудах отечественных ученых экономистов [1,2,3,4,5,6,7,12,15 ] и др. Накоплен значительный опыт управленческого учёта, однако, управленческий учёт макросреды, мезосреды и микросреды в аграрном бизнесе имеет свои особенности, поэтому данная методика требует развития.…”

unclassified

Management Accounting of Macro Environment, Mesa Environment and Micro Environment in Agrarian Business

Ostaev¹,

Klychova²,

Соколова³

2019

An important and difficult problem in the agricultural business is not only the production of crop and livestock products, but also their processing. Agricultural business has a great impact on the country’s economy in modern times. In the conditions of the modern market, there is an increasing demand for the study of the theory and practice of management accounting and its features in relation to a specific target audience. Among the variety of agricultural organizations that has emerged, the most important is to determine priorities in improving our own business in order to increase its efficiency and uniqueness. For reliable information and analytical support for agricultural business and management decisions, it is necessary to keep management records in organizations (production accounting, budgeting, management, planning, analysis, evaluation, abstraction, etc.). At the present stage of economic relations between business entities, it can be said that the success of any agricultural business depends largely on management accounting, which should point to the advantages, novelty and main features of the business that distinguish it from its competitors in the field of agriculture. The success of management accounting, as an instrument of the entire business mechanism of an economic entity, is currently determined by three main factors: purposefulness; systematic character; and clearly defined quality of information provision for management decision-making. Any management decision made in the agricultural business should be based on timely analyzed information on the macro environment, the environment and the microenvironment. Thus, management accounting gives impetus to the development of agricultural business on the basis of the studied factors.

“…Корпоративная социальная ответственность предполагает ответственность во взаимоотношениях с бизнес-партнерами; ответственность в отношении потребителей и работников; экологическую ответственность; ответственность перед обществом в целом [1,5]. В первую очередь социальноориентированный бизнес должен быть направлен на осуществление инвестиций в персонал и лишь после их реализации разрешать экологические и общечеловеческие проблемы [4,6].…”

unclassified

The Main Directions of Estimation of Corporate Social Responsibility of Business

Клычова¹,

Klychova

Закирова³

et al. 2018

In modern conditions, the social component of business is becoming increasingly important both for organizations and for society as a whole, since, as many years of experience show, those enterprises that develop their socially-oriented activities are more trusted by the state, investors, counterparties, creditors and other business partners. The social responsibility of business helps minimize the negative impact of the enterprise's production activities, the formation of an atmosphere of trust, predictability and common values in society, thanks to which, business becomes economically and socially more sustainable. In this regard, relevant issues are related to the assessment of the level of social responsibility of the enterprise, determining the main directions of social development of companies. The economic essence of the concept “corporate social responsibility” has been studied and specified in the article, the main directions of the corporate social responsibility of business assessment are examined. For a comprehensive assessment of corporate social responsibility, a system of indicators is proposed that takes into account its following components: the development and implementation of human resources, the formation of environmental sustainability and the implementation of socially significant projects.