Published December 7, 2023 | Version v1
Journal article Open

ACCOUNTING PROVIDING FINANCIAL AND NON-FINANCIAL REPORTING OF ENTERPRISES

Creators

Description

The article examines the features of accounting support for financial and non-financial
reporting of enterprises and ways to improve it in modern business conditions. Disclosure of financial
and non-financial information and various information is becoming an important tool of business
communication with external parties. The information presented in all forms of reporting helps
enterprises in creating their own image, promoting the brand, building trust and confidence on the
part of interested parties. Financial information refers to accounting and financial reports of the
enterprise, which provide information about the financial condition, value and composition of assets,
equity, liabilities, income and expenses, indicators of business activity, cash flows. Non-financial
information covers a wide range of information about the company's work, internal and external
factors, including environmental, social and governance issues (ESG), such as sustainable
development, protection of human rights, business ethics. Information on diversity refers to
information on the composition of the company's employees by age, gender, nationality, ethnicity,
etc., on compliance with the principles of equality and social justice. The procedure for disclosing
financial information in reporting is regulated by legislation, national and international standards, EU
Directive 2013/34 and EU Directive 2014/95. Mandatory financial reporting requirements vary by
jurisdiction, size and type of business. However, more and more companies are voluntarily disclosing
non-financial and diverse information to meet stakeholder needs for transparency, accountability and
corporate social responsibility.

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Additional details

Identifiers

ISSN
2585-7738

Dates

Issued
2023-12-07

References

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