NON-FINANCIAL INDICATORS OF RESULTS FOR ENTERPRISES ACTIVITIES IN CURRENT MARKET CONDITIONS
DOI:
https://doi.org/10.31713/ve4202015Keywords:
non-financial indicators, accounting, management, financial reporting, the Report about the Management, enterprises, integrated reporting, economic markets, balance economic activity.Abstract
The article is devoted to formation of non-financial indicators of economic activity for enterprises on the principles of economic, social and environmental balance as business components. International practice of using non-financial indicators as an integral part of an enterprise’s integrated reporting is generalized. It is suggested to determine the usefulness potential of such reporting information, in particular, through estimation of: economic benefits – material and monetary income that is obtained as a result of business operations; socio-economic benefits – economic benefits assessment which takes into account both the direct inflows of assets and the documented assessment of the impact of the operation on increasing economic benefits for social programs implementation; socio-economic effect – the intangible socio-economic benefit that is gained by economic entities through the assessment of both losses prevention/ reduction or increase in income.The non-financial indicators in the Report about the Management (thatare published by domestic securities issuers since 2019) are analyzed, aswell as their conformity with the international practice of such datadisclosure in reporting of legal entities. The conceptual framework for thepreparation of non-financial enterprises indicators is presented, taking into account current challenges in world markets, in particular principles of nonfinancial reporting information preparation as well as key areas of economic activity as non-financial data objects.References
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