Mechanism of formation of the social component of sustainable development reporting

As a part of the study of the social component of sustainable development reporting, the mechanism for recording of its indicators were improved. On the basis of this, directions for accounting support were outlined and a classification of social activity expenses was given, dividing them according to reporting objects in the context of indicators of sustainable development reporting. This allowed us to identify the objects of accounting for the social activity of the company. Improvement of reporting as the basis for information support of the process of formation of indicators of the social aspects of sustainable development reporting took place as the proposed form of an internal report (Report on social activities), which is reasonably prepared to summarize the social aspects of business entities. This allows the assessment of social activities on positive and negative impacts on society, labor relations, human rights, as well as to obtain reliable and timely information for the formation of indicators of sustainable development reporting. The proposed procedure for carrying out the procedure for the reporting of sustainable development verification can be adjusted in accordance with the main strategic indicators of the company development, current policies, as well as the guidelines approved by the social reporting indicators

Accounting and verification of sustainable enterprise development reporting

The mechanism for indicators formation of the social components of sustainable development reporting was improved through substantiation of accounting and nonaccounting information support and a development of an algorithm for their formation, which is the basis of a new information disclosure format for participants in socio-economic relations. The organizational provisions of the system of verification of sustainable development reporting were considered, and as a result: components of the verification system were substantiated (the company's obligations, principles, confirmation, requirements for the subject of verification); a model of the verification system organization was developed; and an algorithm for assessing and assigning a rating of verification was developed which is one of the key elements of the new mechanism for publicizing information about the economic activity of an enterprise. The methodological support of the verification procedure for sustainable development reporting was analyzed in terms of the assessment of the level of completeness of the subject of verification, the importance of requests from stakeholders and the effectiveness of socially responsible activities which involve the use of a set of analytical procedures and taking into account the information request of stakeholders on the sustainable development of the enterprise