Home  Journals  International Accounting  12(354) - 2015 March

Developing the key characteristics of the corporate reporting definition

Available online: 3 June 2015

Subject Heading: CORPORATE SOCIAL ACCOUNTABILITY

JEL Classification: 

Pages: 25-34

Importance One of the main sources of information about the success of business operations for investors and other stakeholders is the corporate reporting presented by companies. Improving the quality of corporate reporting through the development and refinement of basic vocabulary and definitions, formation of the methodology of report compilation becomes an essential requirement for companies to lead in the vying.
     Objectives The main objective of the article is to explore the corporate reporting definition, which is presented in modern scientific literature by domestic and foreign authors.
     Methods To ensure uniform definitions, we analyzed the viewpoints of domestic and foreign authors on the corporate reporting definition, identified major approaches to its representation, grouped the main prerequisites of its preparation, and defined the ways of improving the modern paradigm of management reporting.
     Results We have developed the modern paradigm of corporate reporting by means of improving the terminology based on selected groups of approaches to the concept.
     Conclusions and Relevance The modern corporate reporting in conditions of sustainable development of the economy reflects the transparency of company operations, includes a set of indicators, like system and non-system, financial and non-financial indices, planed performance and bottom-line information required for making effective management decisions.

Keywords: corporate reporting, definition, approaches, accounting, financial statements

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