Research of the practice of using integrated thinking in the formation of corporate reporting

In conditions of economic uncertainty, issues related to the disclosure of information in corporate reporting focused on a wide range of stakeholders are of paramount importance, which requires analysis and generalization of best practices in this area. The process of improving corporate reporting, associated with numerous criticisms of the value of financial and various types of non-financial reporting, has led to the emergence of integrated reporting. Today, corporate reporting of large companies includes a wide range of financial and non-financial reports, a number of companies form integrated reporting. The emergence of integrated reporting is associated with the requirements for companies to provide information on financial performance, corporate governance and sustainability, aimed at various stakeholders. Integrated reporting acts as a means to an end within the company’s strategy, while the integrated report discloses financial and non-financial information regarding the company’s value creation process and the use of six types of capital, as well as aspects related to sustainable development. Integrated reporting is the highest level of corporate reporting maturity, involving the use of integrated thinking not only for reporting purposes, but also in a much broader context. The article is aimed at studying the current practice of applying integrated thinking in the formation of corporate reporting in foreign companies. The study of the practice of applying integrated thinking in the formation of corporate reporting in foreign companies was aimed, firstly, at identifying the factors that prompted the use of integrated thinking, and secondly, to generalize the features of the formation of corporate reporting based on integrated thinking; thirdly, to review the tools used in order to form corporate reporting based on integrated thinking; fourthly, to summarize the results of using integrated thinking in the preparation of corporate reporting. The study can be useful for specialists who form the corporate reporting model of the organization, managers and decision makers aimed at implementing the Concept of sustainable development, achieving sustainable development goals, and ensuring inclusive economic growth

Formation of an integrated accounting and analytical management system for value analysis purposes

The article is devoted to the problems associated with the formation and the improvement of accounting and analytical support framework when establishing the business entities’ integrated accounting and analytical managerial system for the value analysis purposes. According to the authors’ opinion, introducing the integrated accounting and analytical system is not only a certain way to improve the efficiency in the managerial decision-making sphere, but also an essential tool throughout the whole value analysis process as well as a tool to improve the qualitative measures of accounting and analytical data required for value analysis. Establishing the integrated accounting and analytical managerial system is an intensive factor to improve the whole analysis process and is intended to optimize the data flows in business entities. It also increases the analyticity of non-engineering and engineering data, that are used in value analysis group’ documents set. Tools that optimizing and structuring the data flows in business entities are analyzed in this article. They are as follows: applying the managerial accounting based on financial responsibility centers and the ad hoc software – i.e., modular database that collects and processes all data from business entity’s subdivisions and helps to create all types of value analysis’ working papers. The pattern of managing value analysis’ in- and out data flows within the integrated system is also revealed by the authors.peer-reviewe

Research on the Evolution of Methodological Approaches to Accounting and Auditing of Estimated Values in the Context of Digitalization

The article is devoted to the issues of development of methodological approaches to accounting and auditing of estimated values and their changes in the conditions of digitalization. The purpose of the research is to study modern methodological approaches to accounting and auditing of estimated values, taking into account the specifics of the current stage of digital transformation, and to develop the main directions for their improvement in order to improve the quality of the information base in order to be able to make sound management decisions. The theoretical and methodological basis of the research consists of the evolutionary-adaptive theory, balance sheet theory, risk-based approach, methods contained in IFRS, ISA, FSB in the field of accounting and auditing of estimated values, regulatory legal acts of the Russian Federation, research in the field of modern international and Russian accounting and auditing practice. The research methodology included a review of accounting and auditing practices in the field of estimated values. The main features of accounting and auditing of estimated values are defined. Methodological approaches to improving accounting and auditing of estimated values that are based on digital technologies are proposed. Implementation of the proposed methodological approaches to accounting and auditing of estimated values in the context of digitalization will significantly improve the quality of accounting and control support for business