Subject. This article deals with the issues of reflection of social capital in integrated reporting and methodological support for the processes of its formation in the business accounting system. Objectives. The article aims to prove the need for this reflection and describe an approach to determining the content of new accounting methods. To achieve this goal, it is advisable to use the theory of economic agreements. Methods. For the study, we used the methods of analysis, considering the institutional economics, integrated reporting, and the Framework for the Preparation and Presentation of Financial Statements. Results. The article substantiates the expediency of forming defined-benefit pension plans for entrepreneurs, employees and the State, and it emphasizes that the right of the employee to receive a fixed amount of money after the one's employment activity has ended, should be reflected in the defined-benefit schemes. Conclusions. The proposed social capital business accounting model fits well into the fundamental concept of integrated reporting, and it can be an integral part of an integrated report. Information on social capital is necessary for a balanced social security system involving commercial organizations, employees, and the State.
Keywords: business accounting model, social capital, defined-benefit pension plan
Hausman D.M. (Ed.). Filosofiya ekonomiki. Antologiya [The Philosophy of Economics: An Anthology]. Moscow, Gaidar Institute Publ., 2012, 520 p.
Katsikas E., Manes Rossi F., Orelli R.L. Towards Integrated Reporting: Accounting Change in the Public Sector. Series: Springer Briefs in Accounting. Cham, Switzerland, Springer International Publishing, 2017, 119 p. URL: Link
Sen A. Capability and Well-Being. In: M. Nussbaum, A. Sen The Quality of Life. Oxford, Clarendon Press, 1993, pp. 30–42, 46–53.
Holmstrom B., Milgrom P. Aggregation and Linearity in the Provision of Intertemporal Incentives. Econometrica, 1987, vol. 55, no. 2, pp. 303–328. URL: Link
Furubotn E., Richter R. Instituty i ekonomicheskaya teoriya: Dostizheniya novoi institutsional'noi ekonomicheskoi teorii [Institutions and Economic Theory: The Contribution of the Institutional Economics]. St. Petersburg, Saint-Petersburg State University Publ., 2005, 701 p.
Benington J. Creating the Public in Order to Create Public Value? International Journal of Public Administration, 2009, vol. 32, iss. 3-4, pp. 232–249. URL: Link
Sokolov Ya.V. Osnovy teorii bukhgalterskogo ucheta [Principles of the accounting theory]. Moscow, Finansy i Statistika Publ., 2000, 473 p.
Simon H.A. Teoriya prinyatiya reshenii v ekonomicheskoi teorii i nauke o povedenii. Teoriya firmy [Theories of Decision-Making in Economics and Behavioral Science. In: The Theory of Firm]. St. Petersburg, Ekonomicheskaya shkola Publ., 1995, pp. 54–58.
Simon H.A. Rational Choice and the Structure of the Environment. Psychological Review, 1956, no. 63, pp. 129–138. URL: Link
Friedman M. [The Methodology of Positive Economics]. THESIS, 1994, iss. 4, pp. 20–52. URL: Link (In Russ.)
Schmalenbach E. Schetnye plany: opyt unifitsirovannoi klassifikatsii schetov proizvodstvennykh predpriyatii [Der Kontenrahmen]. Leningrad, Ekonomicheskoe obrazovanie Publ., 1928, 93 p.
Watts R.L., Zimmerman J.L. Positive Accounting Theory: A Ten Year Perspective. The Accounting Review, 1990, vol. 65, no. 1, pp. 131–156. URL: Link
Watts R.L., Zimmerman J.L. Towards a Positive Theory of the Determination of Accounting Standards. The Accounting Review, 1978, vol. 53, no. 1, pp. 112–134. Available at SSRN: Link
Plotnikov V.S., Plotnikova O.V. [In the conceptual basis of accounting]. Auditor, 2014, no. 9, pp. 52–61. (In Russ)
Damodaran A. Investitsionnaya otsenka: instrumenty i metody otsenki lyubykh aktivov [Investment Valuation: Tools and Techniques for Determining the Value of Any Asset]. Moscow, Al'pina Pablisher Publ., 2020, 11th ed., 1316 p. (In Russ.)
Black A. Voprosy stoimosti. Ovladeite noveishimi priemami upravleniya, investirovaniya i regulirovaniya, osnovannymi na stoimosti kompanii [Questions of Value: Master the Latest Developments in Value-Based Management, Investment and Regulation]. Moscow, Olimp-Biznes Publ., 2009, 400 p.
Hendriksen E.S., Van Breda M.F. Teoriya bukhgalterskogo ucheta [Accounting Theory]. Moscow, Finansy i Statistika Publ., 1997, 574 p.
Plotnikov V.S., Plotnikova O.V. [Concept of positive accounting obligations]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2013, vol. 16, iss. 23, pp. 9–17. URL: Link (In Russ.)
Plotnikov V.S., Plotnikova O.V. [Business accounting and integrated reporting]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2014, vol. 17, iss. 13, pp. 25–34. URL: Link (In Russ).