Global Tends in the Corporate Reporting Development

Abdalova, Elena; Karelskaia, Svetlana

doi:10.26794/2408-9303-2022-9-1-19-30

Cited by 4 publications

(1 citation statement)

References 14 publications

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“…Ковалев: «фактически мы говорим об отчетности в контексте аналитического обоснования решений финансового характера. Публичная отчетность производится не ради самой себя, но для того, чтобы быть весомым аргументом при принятии решений по проектам инвестирования ... и финансирования ...» 1 . Вместе с тем качество современной бухгалтерской (финансовой) отчётности не удовлетворяет информационных запросов владельцев бизнеса.…”

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Reporting that meets the needs of the owners of the organization

Tkachuk

2023

Putevoditelʹ predprinimatelâ

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The subject of the study is to find ways to improve the usefulness of accounting data for its owners. The article highlights the interpretation of the concept of «owner of the organization»: the owners of all units of property, only the holders of the right to vote; only shareholder. It is concluded that financial statements are both a mandatory and a voluntary source of information for transactions on the transfer of ownership of a share and share. The situations of using accounting data on a mandatory basis are highlighted: to calculate the actual value of a share when a participant leaves the company or is expelled from it, and on a voluntary basis: to determine the transaction price when buying and selling shares or shares when it is impossible to evaluate the enterprise as a business. The author proved that the principle of conservatism does not allow to calculate the adequate property value of a share or share according to the organization’s financial statements.It is concluded that the calculation of the actual value of the participant’s share should be based on the assessment of the value of the enterprise as a business. The necessity of harmonization of normative documents regulating the procedure for the functioning of legal entities and the procedure for the formation of financial statements is substantiated.

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Reporting that meets the needs of the owners of the organization

Tkachuk

2023

Putevoditelʹ predprinimatelâ

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Approaches to climate-related risk disclosure in the draft international climate-related disclosure standard

Malinovskaya

2022

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Subject. This article discusses the Exposure Draft IFRS S2 Climate-related Disclosure Standard. Objectives. The article aims to address the content of the proposals set forth in the Exposure Draft that is one of the first documents published by the International Sustainability Standards Board in the structure of the IFRS Foundation for comment. Methods. For the study, I used analysis, synthesis, comparison, and generalization. Results. Based on a study of the structure of the Exposure Draft IFRS S2 Standard, the article notes that the main focus is on disclosing information about the impact of significant climate-related risks and opportunities on the value of the enterprise, which is useful to users of general-purpose financial statements. Conclusions and Relevance. The approaches to disclosing climate-related risks and opportunities proposed in the Exposure Draft IFRS S2 Standard can help improve the quality of decision-making by key users of general-purpose financial statements. They can be used by Russian organizations to disclose information on climate-related risks and opportunities.

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Sustainability factors consideration: Emerging trends in financial reporting

MALINOVSKAYA,

KIREEVA

2024

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Subject. This article discusses the requirements for disclosure of sustainability factors in financial statements due to the release of the International Disclosure Standard IFRS S1 – General Requirements for Disclosure of Sustainability-related Financial Information. Objectives. The article aims to reveal the content of the main provisions set forth in the IFRS S1 Standard issued by the International Sustainability Standards Board (ISSB) (sponsored by the IFRS Foundation), assess the possibility of applying the requirements of the Standard in Russia, and identify possible problems in its implementation and propose ways to solve them. Methods. For the study, we used analysis, synthesis, comparison, generalization, and abstraction. Results. The article defines that the presentation of information on risks and opportunities related to sustainable development should be carried out from the perspective of four aspects, namely governance, strategy, risk management, metrics and goals of the organization in the field of sustainable development. It discloses the content of the main sections of the Standard and formulates the factors and conditions for the applicability of the IFRS S1 Standard in Russia, as well as possible problems associated with its application, and proposals for their solution. Conclusions. The requirements for disclosure of financial information on risks and opportunities related to sustainable development, established by the International Disclosure Standard IFRS S1, are aimed to increase the availability of key users of financial statements to information reflecting the impact of sustainable development factors on the financial position, financial results, and cash flows of the organization. Standardization of disclosure of such information can help reduce the costs of preparers, analysts, auditors and other interested users, and stimulates the current trend of introducing the concept of sustainable development into management practice, including by Russian organizations.

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Global Tends in the Corporate Reporting Development

Cited by 4 publications

References 14 publications

Reporting that meets the needs of the owners of the organization

Reporting that meets the needs of the owners of the organization

Approaches to climate-related risk disclosure in the draft international climate-related disclosure standard

Sustainability factors consideration: Emerging trends in financial reporting

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