Subject The article discusses the existing and new types of qualitative information disclosed in corporate reports, which arise from transformation processes and digitization of the economy. Objectives The research analyzes and generalizes the existing terminology on financial data and non-financial information and defines the concept Digital Information. The article also indicates the significance of text information and management's opinion as presented in corporate reports, summarizing the existing standards governing the presentation of such information. Methods The research involves general approaches, namely observation, analysis, synthesis, induction, deduction, and methods of comparison and logic generalization. Results I analyzed the existing scholarly and regulatory literature to find definitions of financial and non-financial information and digital information. I also demonstrate the importance of releasing text or descriptive information with the management's opinion. Based on the findings, I propose a new comprehensive characteristic of the concept Integrated Information combining five key constituents. Conclusions and Relevance Integrated information shall become an absolutely new basis that not only aggregates financial reporting information and sustainable development reports, but also discloses the corporate position and its development prospects since it unveils the company’s business model, strategy and describes the value creation process over time and the management's opinion. It uses the most effective method to reconcile financial and non-financial information, including digital one, without sacrificing its accessibility and utility for parties concerned.
Azam S., Warraich Kh.M., Awan S.H. One Report: Bringing Change in Corporate Reporting through Integration of Financial and Non-Financial Performance Disclosure. International Journal of Accounting and Financial Reporting, 2011, vol. 1, no. 1, pp. 50–71. URL: Link
Shannon C. Raboty po teorii informatsii i kibernetike [Russian edition. Proceedings on the information theory and cybernetics]. Moscow, Izdatel'stvo inostrannoi literatury Publ., 1963, 830 p.
Chernikova L.I., Suvorova T.P. [Financial information and its role in modern economy]. Rossiiskoe predprinimatel'stvo = Russian Journal of Entrepreneurship, 2009, no. 1-2, pp. 32–35. URL: Link (In Russ.)
Morozova E.V. [Non-financial reporting as a source of information about a company]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2014, no. 22, pp. 25–37. URL: Link
Rozhnova O.V. [Urgent problems of financial statements]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2013, no. 15, pp. 2–8. URL: Link (In Russ.)
Efimova O.V. [Sustainability report as a new form of corporate reporting]. Auditorskie vedomosti = Audit Journal, 2014, no. 8, pp. 36–47. (In Russ.)
Vorob'eva O. [Non-financial reporting of the companies: Evolution of concept and kinds]. RISK: resursy, informatsiya, snabzhenie, konkurentsiya = RISK: Resources, Information, Supply, Competition, 2015, no. 1, pp. 293–296. (In Russ.)
Alborov R.A., Kontsevaya S.M., Kozmenkova S.V. [Integrated reporting in agriculture: A structure and the problems of implementation]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2018, vol. 21, no. 7, pp. 413–428. (In Russ.) URL: Link
Bataeva B.S. [Evaluation of investor’s interest in the non-financial information of public companies: Foreign experience]. Upravlencheskie nauki v sovremennom mire = Management Sciences in Contemporary World, 2015, vol. 1, no. 1, pp. 262–266. (In Russ.)
Sternik S.G., Muratova E.V., Lapko K.S. [Generation non-financial information in annual reports: Comparison of Russian and foreign experience]. Audit i finansovyi analiz = Audit and Financial Analysis, 2013, no. 2, pp. 78–84. (In Russ.)
Eccles R., Serafeim G. Corporate and Integrated Reporting: A Functional Perspective. Harvard Business School Working Paper, 2014, no. 14-094. URL: Link
Carini C., Chiaf E. The Relationship Between Annual and Sustainability, Environmental and Social Reports. Corporate Ownership of Control, 2015, vol. 13, iss. 1, pp. 979–993. URL: Link
Kharin A.G. [Principles of integration of financial and non-financial statements as system basis value-oriented company management]. Finansovaya analitika: problemy i resheniya = Financial Analytics: Science and Experience, 2013, no. 48, pp. 9–16. URL: Link (In Russ.)
Malinovskaya N.V. [Methods of preparation of integrated reporting]. Bukhuchet v stroitel'nykh organizatsiyakh = Accounting in Construction Companies, 2016, no. 4, pp. 58–68. (In Russ.)
Malinovskaya N.V., Vakhrushina M.A. [Corporate reporting: New requirements and lines of development]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2014, no. 16, pp. 2–9. URL: Link (In Russ.)
Kogdenko V.G., Mel'nik M.V. [Integrated reporting: Questions of formation and analysis]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2014, no. 10, pp. 2–15. URL: Link (In Russ.)
Pan'shin B. [Digital economy: Features and development trend]. Nauka i innovatsii = Science and Innovations, 2016, no. 3, pp. 17–20. (In Russ.)
Begishev I.R. [Digital information: Notion and essence as a subject of crime under Russian criminal law]. Akademicheskii yuridicheskii zhurnal = Academical Law Journal, 2011, no. 2, pp. 47–55. (In Russ.)
Plotnikova V.V. [The importance of the management report on the financial position and financial results for stakeholders]. Bukhgalterskii uchet, upravlenie i finansy: perspektivy razvitiya v usloviyakh ekonomicheskoi nestabil'nosti: materialy mezhdunarodnoi nauchno-prakticheskoi konferentsii [Proc. Int. Sci. Conf. Accounting, Management and Finance: Development Prospects During Economic Instability]. Saratov, Saratov Socio-Economic Institute Publ., 2016, pp. 138–142.
Shilovskaya M.S. [Analysis of interrelation between the financial status and the level of corporate transparency of annual financial statements of Russian companies]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2018, vol. 17, no. 6, pp. 1073–1087. (In Russ.) URL: Link
Plotnikov V.S., Plotnikova O.V. [Qualitative characteristics of information in integrated reporting]. Uchet. Analiz. Audit = Accounting. Analysis. Auditing, 2018, vol. 5, no. 1, pp. 6–17. URL: Link (In Russ.)