IDEAS home Printed from https://ideas.repec.org/a/iaf/journl/y2020i2p18-28.html

Accounting & Analytical Aspects of Non-Financial Reporting Formation by Ukrainian Companies

Author

Listed:
  • Olha Dmytrenko

    (Polissya National University, Zhytomyr, Ukraine)

  • Svitlana Viter

    (Polissya National University, Zhytomyr, Ukraine)

Abstract

Today non-financial reporting is the main tool for managing and informing stakeholders about the level of corporate social responsibility. Proper preparation of non-financial statements requires adequate information support and sets particular requirements for the accounting system. The purpose of the article is to investigate the content and structure of non-financial reporting as a tool of corporate social responsibility, as well as to substantiate the importance and directions of forming a system of social and environmental accounting in companies to ensure proper preparation of non-financial reporting. Non-financial reports of the six largest companies in Ukraine were selected as the object of study. The content of key standards for non-financial reporting was considered. The analysis of non-financial reports of well-known domestic companies prepared according to GRI standards was performed. Also, advantages and disadvantages in the preparation of the investigated reporting were identified. The performance targets of the socially responsible activity of the companies were grouped into the following areas: personnel management, interaction with consumers, interaction with society, environmental management, and economy. The economic essence of the concepts of "corporate social responsibility", "socially responsible business", "social accounting" was disclosed. As an information base for the preparation of non-financial statements, authors propose the system of social and environmental accounting which includes social and environmental financial accounting, social and environmental management accounting, social and environmental controlling and social and environmental audit. The characteristics of these components were presented and the objects of social and environmental accounting were defined. The necessity of using additional subaccounts in the working Accounting chart of accounts and the importance of standardizing non-financial reporting at the national level were emphasized.

Suggested Citation

  • Olha Dmytrenko & Svitlana Viter, 2020. "Accounting & Analytical Aspects of Non-Financial Reporting Formation by Ukrainian Companies," Oblik i finansi, Institute of Accounting and Finance, issue 2, pages 18-28, June.
    • Handle: RePEc:iaf:journl:y:2020:i:2:p:18-28
    as

    Download full text from publisher

    File URL: http://www.afj.org.ua/pdf/744-oblikovo-analitichni-aspekti-formuvannya-nefinansovoi-zvitnosti-ukrainskimi-kompaniyami.pdf
    Download Restriction: no
    File URL: http://www.afj.org.ua/en/article/744/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Henri Servaes & Ane Tamayo, 2013. "The Impact of Corporate Social Responsibility on Firm Value: The Role of Customer Awareness," Management Science, INFORMS, vol. 59(5), pages 1045-1061, May.
    2. Benedict Sheehy, 2015. "Defining CSR: Problems and Solutions," Journal of Business Ethics, Springer, vol. 131(3), pages 625-648, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kyungtag Lee & Hyunchul Lee, 2019. "How Does CSR Activity Affect Sustainable Growth and Value of Corporations? Evidence from Korea," Sustainability, MDPI, vol. 11(2), pages 1-11, January.
    2. Manoj Anand & Jagandeep Singh, 2021. "Business students’ perception of corporate social responsibility: an exploratory study," DECISION: Official Journal of the Indian Institute of Management Calcutta, Springer;Indian Institute of Management Calcutta, vol. 48(3), pages 261-284, September.
    3. Mario La Torre & Sabrina Leo & Ida Claudia Panetta, 2021. "Banks and environmental, social and governance drivers: Follow the market or the authorities?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(6), pages 1620-1634, November.
    4. Fabrizio Rossi & Maretno Agus Harjoto, 2020. "Corporate non-financial disclosure, firm value, risk, and agency costs: evidence from Italian listed companies," Review of Managerial Science, Springer, vol. 14(5), pages 1149-1181, October.
    5. Dipanita Deb & Philippe Gillet & Philippe Bernard & Anupam De, 2025. "Examining the Impact of Corporate Social Responsibility on the Financial Performance of Indian Companies," FIIB Business Review, , vol. 14(4), pages 521-539, August.
    6. Peiró-Signes, Ángel & Segarra-Oña, Marival & Trull-Domínguez, Óscar & Sánchez-Planelles, Joaquín, 2022. "Exposing the ideal combination of endogenous–exogenous drivers for companies’ ecoinnovative orientation: Results from machine-learning methods," Socio-Economic Planning Sciences, Elsevier, vol. 79(C).
    7. Gary F. Peters & Andrea M. Romi & Juan Manuel Sanchez, 2019. "The Influence of Corporate Sustainability Officers on Performance," Journal of Business Ethics, Springer, vol. 159(4), pages 1065-1087, November.
    8. Jongmoo Jay Choi & Hoje Jo & Jimi Kim & Moo Sung Kim, 2018. "Business Groups and Corporate Social Responsibility," Journal of Business Ethics, Springer, vol. 153(4), pages 931-954, December.
    9. Leon Zolotoy & Don O’Sullivan & Keke Song, 2021. "The Role of Ethical Standards in the Relationship Between Religious Social Norms and M&A Announcement Returns," Journal of Business Ethics, Springer, vol. 170(4), pages 721-742, May.
    10. Byun, Seong K. & Han, Sulei & Oh, Jong-Min & Xu, Jing, 2025. "ESG complementarity in emerging market: Evidence from China," Finance Research Letters, Elsevier, vol. 73(C).
    11. Misra, Shekhar & Mishra, Saurabh, 2026. "Environmental, social, and governance performances, media sentiments, and shareholder wealth," Journal of Business Research, Elsevier, vol. 203(C).
    12. Wen, Hui & Ho, Ken C. & Gao, Jijun & Yu, Li, 2022. "The fundamental effects of ESG disclosure quality in boosting the growth of ESG investing," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 81(C).
    13. Som Sekhar Bhattacharyya & Sumi Jha, 2020. "Explicating micro foundations of corporate social responsibility: a moderated-mediation study of customer, investor and employee roles," International Journal of Ethics and Systems, Emerald Group Publishing Limited, vol. 36(4), pages 619-640, September.
    14. Cellier, Alexis & Chollet, Pierre, 2016. "The effects of social ratings on firm value," Research in International Business and Finance, Elsevier, vol. 36(C), pages 656-683.
    15. Jiaen Hu & Luis Miguel López-Bonilla & Jesús Manuel López-Bonilla, 2023. "CSR Perceptions and Brand Attitudes in Chinese Luxury Hospitality: The Moderating Effect of Ads vs. Media Reports," Sustainability, MDPI, vol. 15(9), pages 1-17, May.
    16. Alexandra ZBUCHEA & Florina PÎNZARU, 2017. "Tailoring CSR Strategy to Company Size?," Management Dynamics in the Knowledge Economy, College of Management, National University of Political Studies and Public Administration, vol. 5(3), pages 415-437, September.
    17. Elettra Agliardi & Rossella Agliardi, 2021. "Corporate Green Bonds: Understanding the Greenium in a Two-Factor Structural Model," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 80(2), pages 257-278, October.
    18. Aseem Kaul & Jiao Luo, 2018. "An economic case for CSR: The comparative efficiency of for‐profit firms in meeting consumer demand for social goods," Strategic Management Journal, Wiley Blackwell, vol. 39(6), pages 1650-1677, June.
    19. Adhikari, Binay K., 2016. "Causal effect of analyst following on corporate social responsibility," Journal of Corporate Finance, Elsevier, vol. 41(C), pages 201-216.
    20. Vivek Astvansh & Tao Chen & Jimmy Chengyuan Qu, 2023. "The social cost of investor distraction: Evidence from institutional cross-blockholding," PLOS ONE, Public Library of Science, vol. 18(12), pages 1-26, December.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iaf:journl:y:2020:i:2:p:18-28. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Serhii Ostapchuk (email available below). General contact details of provider: https://edirc.repec.org/data/iafkvua.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.