I. Derun, PhD in Economics, Assistant Taras Shevchenko National University of Kyiv, Kyiv, Ukraine CORPORATE SOCIAL REPORTING AS APPENDIX TO FINANCIAL STATEMENT

Posted on by

The paper deals with essence and importance of corporate social reporting in the management of business entity management. The study examines several approaches for providing data about economic, ecological and social aspects of the companies. There are approaches of formulating of separated reports as addition to financial statements (for example Value Added Statement, Intellectual Capital Statement) and integrated reporting. The article examines positive and negative factors that could significantly influence the implementation process of corporate social reporting for companies in Ukraine and around the world. Principles of corporate social reporting are considered. The research analyzes methodical approaches of preparing of integrating statements for large companies and data needs of stakeholders for making effective management decisions.

Keywords: sustainability reporting, Value Added Statement, Intellectual Capital Statement, integrated reporting, corporate social reporting, nonfinancial information.

DOI: http://dx.doi.org/10.17721/1728-2667.2015/175-10/2

References
  1. Alcaniz L., Gomez-Bezares F., Roslender R. (2011), Theoretical Perspectives on Intellectual Capital: a Backward Look and a Proposal for Going Forward, Accounting Forum, 2011, No 35, pp. 104−117, DOI: http://dx.doi.org/ 10.1016/j.accfor.2011.03.004
  2. Bezverkhiy K. (2015), Socio-oriented Reporting of Enterprises, Accounting and Audit, No. 2–3, pp. 70–78.
  3. Butynets F. F. (2014), Contemporary Accounting and Control: Problems of Development, Zhitomir, PP Ruta, Translated into Ukrainian, 380 p.
  4. Dhaliwal D. S., Radhakrishnan S., Tsang A., Yang Y. G. (2012), Nonfinancial Disclosure and Analyst Forecast Accuracy: International Evidence on Corporate Social Responsibility Disclosure, The Accounting Review, Vol. 87, No. 3, pp. 723–759, DOI: http://dx.doi.org/10.2308/accr-10218
  5. Zhyhley I. V. (2012), Social Accounting of Business Entities, Zhitomir, ZSTU, Translated into Ukrainian, 496 p.
  6. Eccles R. G., Krzus M. P., Serafeim G. (2011), Market Interest in Nonfinancial Information, Journal of Applied Corporate Finance, 2011, Vol. 23, No. 4, pp. 113–127, DOI:10.1111/j.1745-6622.2011.00357.x
  7. Kostyrko R. O. (2013), Integrated Model of Company Reporting: Background, Principles, Elements, Economy of Ukraine, Vol. 615, No. 2, pp. 18–28.
  8. Mathwes M. R, Perera M. H. B. (1999), Accunting Theory, Moscow, Unity, Translated into Russian, 663 p.
  9. International Accounting Standard 1 “Presentation of Financial Statements”, http://zakon4.rada.gov.ua/laws/show/ 929_013 (reffered on 20.07.2015).
  10. Chaly I. (2011), Accounting for Adults. IFRS-transformation. Profit Management Kharkiv, Factor, Translated into Ukrainian, 400 p.
  11. Value Added Statement, http://www.imperial.co.za/sus-value.php# (reffered on 20.07.2015). ~ 76 ~ В І С Н И К Київського національного університету імені Тараса Шевченка ISSN 1728-3817
  12. Mouritsen J., Per Buck N., Marr B. (2004), Reporting on Intellectual Capital: Why, What and How? Measuring Business Excellence, Vol. 1, No. 2 No. 2 (Vol. 1), pp. 46−54. DOI: http://dx.doi.org/10.1108/13683040410524739
  13. Integrated Report of DTEK Company for 2013, http://www.dtek.com/library/file/dtek-ar2013-ru-ua.pdf (reffered on 24.07.2015).
  14. Sustainable Development Report of Obolon Corporation for 2013–2014, http://report.obolon.ua/img/Obolon-report- 2013-14__ru.pdf (reffered on 24.07.2015).
  15. Social Report of Coca-Cola for 2010–2011, http://assets.coca-colacompany.com/e7/f8/ f813c0224520a06e7fb32e20c056/csr-report-2010-2011.pdf (reffered on 24.07.2015).
  16. Social Report of VIDI Grope Company for 2011–2013, http://www.vidigroup.com/upload/iblock/af9/ work_so_2013_.pdf (reffered on 24.07.2015).
  17. Benefits of Sustainable Development Reporting, http://www.ey.com/Publication/vwLUAssets/EY-Value-of-Sustainability- RUS/$FILE/EY-Value-of-Sustainability-RUS.pdf (reffered on 24.07.2015).
  18. G4 Sustainability, Reporting, Guidelines. Reporting Principles and Standard Disclosure, https://www.globalreporting.org/ resourcelibrary/Russian-G4-Part-One.pdf (reffered on 24.07.2015).
  19. United Nations Global Compact, https://www.unglobalcompact.org/what-is-gc (reffered on 24.07.2015).
  20. ISO 26000 “Social Responsibility”, http://www.iso.org/iso/ru/home/standards/iso26000.htm (reffered on 24.07.2015).
  21. GRI G4 Guidelines and ISO 26000:2010 How to use the GRI G4 Guidelines and ISO 26000 in conjunction, http://www.iso.org/iso/ru/iso-gri-26000_2014-01-28.pdf (reffered on 24.07.2015).

Download

  • pdf 175_2
    File size: 359 kB Downloads: 978