Organizational and Methodological Determinants of Integrated Reporting Development: A Case Study of Ukraine

Vitalii Shkromyda; Taras Gnatiuk; Nadiia Shkromyda; Mariya  Vasylyuk; Olena  Zorina

doi:10.26668/businessreview/2023.v8i5.1919

Authors

Vitalii Shkromyda https://orcid.org/0000-0003-1826-8243
Taras Gnatiuk https://orcid.org/0000-0002-7984-987X
Nadiia Shkromyda https://orcid.org/0000-0001-7170-2497
Mariya Vasylyuk https://orcid.org/0000-0001-7372-4382
Olena Zorina https://orcid.org/0000-0003-4327-8283

DOI:

https://doi.org/10.26668/businessreview/2023.v8i5.1919%20

Keywords:

Accounting, Corporate Accounting Policy, Management Accounting, Management Reporting, Integrated Reporting

Abstract

Purpose: This article aims to clarify the main theoretical and practical aspects of Ukraine's integrated reporting development process from organizational and methodological perspectives.

Theoretical framework: Understanding the specifics of the production factors consumed and created by the company - financial, productive, human, intellectual, natural, and social - is the fundamental purpose of the organization's integrated reporting as one of the critical elements of the firm's performance.

Design/methodology/approach: The research used the analytical and bibliographic methods to study the scientific literature on integrated reporting development, as well as induction, deduction, analysis, synthesis of information, systemic and structural, comparative, logical and linguistic methods, abstraction, idealization for studying and processing data, and a questionnaire survey conducted by the research authors online to practically clarify the most critical issues related to the organizational and methodological aspects of the integrated reporting problem.

Findings: Various forms of integrated reporting were available in Ukraine during the research period. Therefore, the concept of integrated reporting is relevant today for Ukraine and the whole world. However, the problems of implementing integrated reporting currently need to be sufficiently disclosed in domestic scientific studies, mainly due to their novelty and require further research.

Research, Practical & Social implications: The study identified the leading, most important theoretical aspects of the integrated reporting development issue and studied the opinion of scientists and managers of enterprises that use integrated reporting in their work on the critical elements of this issue.

Originality/value: The analysis of the scientific literature on the research topic and the questionnaire survey results showed that the integrated reporting concept should be understood as a new approach to the purpose of reporting documentation, which consists in combining financial and non-financial indicators of the company's activities as a tool for socially responsible management to disclose information about the company's impact on the social and economic sphere, as well as on the future business development strategy.

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