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ИД «Финансы и кредит»






International Accounting

The comprehensive characteristics of the concept Integrated Information

Vol. 22, Iss. 2, FEBRUARY 2019

PDF  Article PDF Version

Received: 2 November 2018

Received in revised form: 6 December 2018

Accepted: 24 December 2018

Available online: 15 February 2019


JEL Classification: M10, M14, Q01

Pages: 158–173


Shilovskaya M.S. Yuri Gagarin State Technical University of Saratov, Saratov, Russian Federation

ORCID id: not available

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.

Keywords: financial information, non-financial information, integrated reporting, integrated information, corporate social responsibility


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