scholarly journals IMPORTANCE OF NON-FINANCIAL INDICATORS OF STATEMENT OF SUSTAINABLE DEVELOPMENT OF ECONOMIC SUBJECTS WHEN ADOPTING MANAGERIAL DECISIONS

2019 ◽  
Vol 7 (2) ◽  
pp. 41-45
Author(s):  
Ольга Гизатуллина ◽  
Olga Gizatullina
Keyword(s):  
Sustainable Development ◽  
Financial Reporting ◽  
Financial Indicators ◽  
Strategic Decisions ◽  
Economic Activities ◽  
Management Decisions ◽  
The Sustainable Development ◽  
Economic Entity ◽  
Social Environmental ◽  
Social And Environmental Performance

The article is devoted to the importance of non-financial indicators of reporting on the sustainable development of Russian economic entities and their role in making effective management decisions that determine the strategy for the functioning of the entity. Modern Russian conditions of doing business and managing economic entities determine the importance of information flows in the political, social and economic sphere. Lack of information distorts management decisions made on the basis of incomplete and often inaccurate data. Many economic entities seek to obtain the necessary amount of information to carry out their financial and economic activities and, along with financial reporting, they form public non-financial reporting for ensuring sustainable development and making strategic decisions, both now and in the future. Public non-financial reporting of an economic entity, as a rule, reflects more extensive information, considering the rules of corporate governance; strategic goals and priorities of the economic entity. This information reflects the key events of the year, the main indicators of financial and economic activity, competitive advantages, socially significant development directions and main target targets. Based on indicators of economic and production activities, social and environmental performance of an economic entity, interaction with stakeholders (local communities, including social investments, charity, sponsorship, etc.) is revealed. On the basis of public non-financial reporting, risk management of an economic entity calculates social, environmental, economic risks and determines ways to prevent or minimize their impact, which in turn contributes to obtaining economically advantageous indicators determining the level of sustainable development of economic entities.

scholarly journals WILL ROMANIA’S STRATEGY OF DEVELOPMENT AFFECT THE INTEGRATION OF THE SUSTAINABLE DEVELOPMENT IN THE ACCOUNTING OF ROMANIAN ENTITIES?

2019 ◽  
Vol 4 (special) ◽  
pp. 80-89
Author(s):  
Maria-Madalina Bogeanu-Popa
Keyword(s):  
Sustainable Development ◽  
Development Strategy ◽  
External Information ◽  
Economic Activities ◽  
The Sustainable Development ◽  
Strategy Of Development ◽  
Economic Entity ◽  
Long Run ◽  
Accounting Model ◽  
Periodic Evaluation

This paper presents the influence that the sustainable development strategy has over the economic environment and especially over the national accounting model. Generally, the strategies of the sustainable development are carefully monitored and the periodic evaluation of them is a defining element. The processes involved in the evolution of the economic activities support the pylons of sustainable development and it integrates in this process the future request and offer. The elaboration of these strategies in the long run represents a primordial objective of the economic entities. The function of foresight from within the accounting model is used to showcase the strategy and to establish the mission that the economic entity has. By actively involving the accounting model, the internal and external information is contained into one single process. A different reason for which the accounting model is headed towards this direction is the fact that the objectives established in the long run contain at least one of the different environmental, social and economic factors, achieving at least one specific pylon of the sustainable development. Discussing assumed objectives, organizing programs and strategies of education and improvement in the field of sustainable development are key elements. These can be analyzed carefully within the entity and can guide the economic activity towards planning the strategy starting from its own accounting model. Respecting everything that has been mentioned, the integration of the sustainable development’s aspects needs to complete the process of sustainable development specific to the economic entity’s objectives and the accounting model.

scholarly journals FINANCIAL AND NON-FINANCIAL REPORTING OF ECONOMIC AGENTS: IMPORTANCE, OBJECTIVES AND DECISION

2019 ◽  
Vol 7 (2) ◽  
pp. 46-50 ◽  
Author(s):  
Ольга Шнайдер ◽  
Ol'ga Shnayder ◽  
Татьяна Иззука ◽  
Tatjana Izzyka
Keyword(s):  
Sustainable Development ◽  
Financial Reporting ◽  
Complex Analysis ◽  
Well Being ◽  
The Sustainable Development ◽  
Factors Affecting ◽  
Economic Agents ◽  
Financial Factors ◽  
Economic Entity ◽  
Cultural Investment

The economy of our country is going through a difficult period, which is aggravated by endless sanctions and difficult economic conditions in the world, which in turn affects the level of sustainable development of Russian economic entities. The primary problem of instability in terms of sustainable development of Russian companies is determined by the inability of economic entities to respond effectively to changes in the internal and external environment. In this regard, there is a need to establish an effective mechanism for managing sustainable development. One of the tools of this mechanism is non-financial reporting. The complexity of the complex analysis of the sustainability of development due to the large number and variety of financial and non-financial factors affecting the sustainable development of the economic entity, and therefore their study is a certain complexity. First of all, it is necessary to pay attention to the fact that Russian companies, as well as foreign ones, are guided by the level and volume of harmful emissions into the atmosphere, water bodies and soil. The reports show the resources consumed and their classification, the level of education and the age composition of the staff, as well as social factors focused on the average wage level, the involvement of personnel in the production process, the possibility of training and other non-financial factors. Do not forget about the socio-cultural, investment and other factors affecting the economic entity as a whole. It is important to understand that economic actors seeking to benefit from the transition to sustainable development often have a longer time horizon and a broader set of objectives than traditional companies. As a rule, they are dissatisfied with the status quo and want to act socially responsible, as well as to protect the environment. They value employee well-being, society, culture and future generations. However, without being able to ignore short-term challenges, success in implementing the concept of sustainable development is more complex and time-consuming.

scholarly journals Sustainable Development Modelling of Regional Agritourism Clusters (Case of Belarus)

2020 ◽  
Vol 4 ◽  
pp. 83-98
Author(s):  
Vital Kazlovski ◽  
◽  
Uladzimir Ganski ◽  
Katsiaryna Andreichyk ◽  
◽  
...  
Keyword(s):  
Sustainable Development ◽  
Rural Areas ◽  
Management Decisions ◽  
The Sustainable Development ◽  
Investment Projects ◽  
Software Products ◽  
Applied Software ◽  
The Social ◽  
Systematic Solution ◽  
Social Environmental

Goal – construction of models that describe the social, environmental, and economic sustainability of rural areas in the context of the development of agritourism, which would make it possible to determine the leading factors for their sustainable development. Research methodology – the research applied the procedures of goal setting, measurement, establishing criteria, forming and choosing alternatives, algorithms, methods of PLS‑PM modeling, and methods of qualitative modeling. Score/results – a systematic solution to the numerous environmental, social, and economic problems of the development of agritourism cluster is not achievable without appropriate economic and mathematical models and tools for their support, which would make it possible to accurately predict the main indicators of the sustainable development of agritourism, identify the main factors of sustainable development, determine the degree of the effectiveness of certain management decisions. Originality/value – based on the applied software products developed in this way, support systems for making complex management decisions can be formed that make it possible to identify all potential scenarios for the development of any complex systems and transitions between them, as well as provide a predictive function for evaluating key blocks. In the future, the proposed toolkit can be used to model and optimize the sustainable development of specific tourism investment projects in rural regions, as well as to select investment areas at the regional agritourism cluster level.

scholarly journals Development of Public Non-financial Reporting of Economic Entities

2020 ◽  
Vol 7 (4) ◽  
pp. 63-70
Author(s):  
E. V. Nikiforova
Keyword(s):  
Sustainable Development ◽  
Financial Reporting ◽  
Mutual Influence ◽  
Comprehensive Assessment ◽  
Real Economy ◽  
Financial Indicators ◽  
Financial Reports ◽  
Economic Entity ◽  
Key Stakeholders

The paper describes the main directions of public non-financial reporting development of economic entities. The main reason of disclosure non-financial indicators of an economic entity is to make the content more informative of the most significant of them for business. The research methodology, based on the methods of logical analysis, comparison and comparison, provides for the use of non-financial drivers of an economic entity, formed through an information system for a comprehensive assessment of its effectiveness. The result of the study is a proposal for a multi-factor approach to solving issues of sustainable development of economic entities. A comprehensive assessment of the economic entities performance should be based on the analysis of financial and non-financial reports that contributes the improvement of the information reliability about the activities of economic entities both in relation to their indicators in the medium and long term. Also, this concerns other fields of activity, taking into account the relationship and mutual influence of economic indicators. There have been formulated some recommendations regarding the information area of sustainable development of economic entities, which provides key stakeholders with timely and reliable information for developing ways of interaction. The research may be of interest to economic entities in the real economy sector in various fields of activity.

Directions of Accounting Environmental Factors for Forecasting Formation of Agroecosystems

2020 ◽  
pp. 31-35
Author(s):  
L.Z. Khalishkhova ◽  
◽  
A. Kh. Temrokova ◽  
I.R. Guchapsheva ◽  
K.A. Bogаtyreva ◽  
...  
Keyword(s):  
Sustainable Development ◽  
Comparative Analysis ◽  
Environmental Factors ◽  
Environmental Safety ◽  
Logical Analysis ◽  
Management Decisions ◽  
The Sustainable Development ◽  
The Impact

Ensuring the sustainable development of agroecosystems requires research into the justification of the impact of environmental factors on the formation of territorial agroecosystems and identifies ways to take them into account in order to justify management decisions and ensure environmental safety. The main goal of the research within the article is to identify the most significant environmental factors in predicting the formation of agroecosystems. Provisions are devoted to the study of the laws governing the functioning of agroecosystems in order to increase their stability. The methods of comparative analysis, generalization, abstraction, logical analysis are applied. A number of provisions are formulated regarding ways to account for the influence of factors on the formation of key elements of agroecosystems.

scholarly journals Does Emotional Intelligence Influence Academic Performance? The Role of Compassion and Engagement in Education for Sustainable Development

2021 ◽  
Vol 13 (4) ◽  
pp. 1721
Author(s):  
Marta Estrada ◽  
Diego Monferrer ◽  
Alma Rodríguez ◽  
Miguel Ángel Moliner
Keyword(s):  
Sustainable Development ◽  
Emotional Intelligence ◽  
Academic Performance ◽  
Structural Equation ◽  
The Sustainable Development ◽  
Equation Analysis ◽  
Emotional Aspects ◽  
Development Goals ◽  
Sustainable Societies ◽  
Social Environmental

Education must guide students’ emotional development, not only to improve their skills and help them achieve their maximum performance, but to establish the foundations of a more cooperative and compassionate society. Achieving the Sustainable Development Goals, therefore, implies focusing on emotional aspects as well as financial, social, environmental, and scientific objectives. In this line, the goal of this study is to show how emotional intelligence, which is an essential dimension in the development and management of emotional competences required to build sustainable societies, plays a key role in optimising student’s academic performance in the classroom through compassion and academic commitment. The research model was tested with a questionnaire addressed to 550 students from four higher education institutions and one secondary school. The results of a structural equation analysis confirmed the study hypotheses. Emotional intelligence was shown to be positively related to compassion and higher levels of commitment, which, consequently, led to better academic performance. This finding will encourage interest in developing emotional intelligence, not only for its long-term value in training healthy citizens, but also for its short-term results in the classroom.

CRITERIA FOR ASSESSING THE SUSTAINABLE DEVELOPMENT OF THE RUSSIAN PUBLIC CORPORATION DURING THE TRANSITION TO THE GREEN ECONOMY

2021 ◽  
Vol 2 (12) ◽  
pp. 90-94
Author(s):  
V. V. Rebrova ◽  
Keyword(s):  
Sustainable Development ◽  
Economic Benefits ◽  
Green Economy ◽  
Business Practices ◽  
Ethical Business ◽  
The Sustainable Development ◽  
Financial Condition ◽  
Public Corporations ◽  
Economic Entity ◽  
Public Corporation

The article gives the author's vision of the sustainable development of a public corporation based on the movement towards "green" growth. The results of the author's research aimed at establishing a link between the financial condition of Russian public corporations and ESG criteria are presented. This is a connection that necessitates the transition to a "green" economy at the level of an individual enterprise, not only for reasons of ethical business practices, but also because of the possibility of extracting financial and economic benefits. The article proves that the application of ESG practice leads an individual economic entity to economic and social prosperity.

scholarly journals Financial statements as the main source of information on the enterprise activity

2021 ◽  
Vol 11/1 (-) ◽  
pp. 27-30
Author(s):  
Nina OVSIUK ◽  
Zhanna SHALIIEVSKA ◽  
Kateryna HULKO
Keyword(s):  
Financial Reporting ◽  
Financial Statements ◽  
International Standards ◽  
Foreign Banks ◽  
Practical Implementation ◽  
Economic Activities ◽  
Management Decisions ◽  
Economic Relations ◽  
Intelligent Technology ◽  
Transparency And Disclosure

The essence of effective management of each business entity depends primarily on transparency and disclosure of information about its financial and economic activities. The financial report itself covers all important information about the state of the enterprise and provides an opportunity to obtain financial status with it by the interested user for further analysis and decision-making on further activities. As a rule, investors of creditors, state bodies, representatives who are preparing in construction with the business entity are interested in financial reporting. In order to provide more detailed and informative financial reporting to users, it is necessary to compile it with international standards, which act as tools for globalization of the economy and contribute to the development of global economic relations. During 2020–2021, the activities of enterprises took place in extremely difficult conditions, which is why the pandemic significantly affected the financial reporting indicators. Today, there is an appropriate use of intelligent technology and computer technology in the formation of financial statements. Financial statements based on taxonomies of financial statements for IFRS are prepared and presented in a single electronic format using Extensible Business Reporting Language (XBRL). XBRL is a generally accepted international standard for presenting financial statements in accordance with IFRS in electronic form. With the help of IFRS, Ukrainian companies have more effectively solved the following tasks: attracting investments and loans from the world's largest companies and banks, the ability to service financing from foreign banks and other organizations; placement of shares on international stock exchanges; providing the company's management with reliable information for making management decisions, as well as evaluating their adoption. Thus, today the economy of Ukraine depends on the choice of IFRS as a conceptual basis for accounting and its practical implementation. After all, the financial statements are fully open to internal and external users to make informed management decisions regarding cooperation with the relevant entity.

scholarly journals FEATURES OF MANAGEMENT OF SUSTAINABLE DEVELOPMENT OF THE ECONOMY OF THE REGION WITH THE PREDOMINANT TYPE OF ECONOMIC ACTIVITY

2018 ◽  
Vol 9 (2) ◽  
pp. 312-326
Author(s):  
I. S. Borisova
Keyword(s):  
Sustainable Development ◽  
Economic Activity ◽  
Regional Economy ◽  
Practical Importance ◽  
Economic Activities ◽  
Dominant Type ◽  
The Sustainable Development ◽  
Predominant Type ◽  
Priority Direction ◽  
Scientific Results

The article considers the main features of managing the sustainable development of the region's economy, which includes a predominant type of economic activity (PVCC). It is shown that in the current conditions, firstly, the process of planning the development of the regional economy is based on cascading, and secondly, when creating a scheme for interaction between the subjects of the economy, the main tasks are focused on improving the sustainability of the region's development, taking into account the resource restructuring of the dominant type of economic activity; thirdly, in order to involve PVCD in sustainable development of the region, the possibilities of using this type of activity as the driving force of changes are taken into account. Also, the article describes the enlarged list of ways to manage the sustainable development of the region's economy with PVC, presents a map of approaches to managing sustainable development of the economy of the Lipetsk region, with the predominance of the type of economic activity "Processing industries", and an author's algorithm for selecting the priority direction for the development of the region's economy with PVC. The analysis of the stability of products according to the types of economic activity of the Lipetsk region was carried out, on the basis of which a conclusion was made about the prospects of economic activities for balancing PVC. The most widespread restrictions of development of economy of region with prevailing type of economic activity are presented.Purpose; to formulate recommendations on the analysis of economic activities and the choice of products that will reduce the dependence of the region's economy on PVC.Methods: the scientific results are based on the main provisions of the neoclassical institutional theory, the principles of sustainable development and the basic postulates of the regional economy. The article uses comparative, analytical and economic-statistical methods.Results: formed a consolidated list of ways to manage the sustainable development of the region's economy with PVC, described the opportunities for choosing approaches to managing sustainable development of the economy of the Lipetsk region, with the predominance of the type of economic activity "Processing industries'", an algorithm for selecting the priority direction for the development of the region's economy with PVC, transformer rolling, anonymous expert questioning of the sustainability of economic activities of the Lipetsk region, the most common restrictions on the development of the region's economy with the predominant type of economic activity are revealed.Conclusions and Relevance: the practical importance of the developed methodological provisions lies in the possibility of their application to analyze possible directions for improving the sustainability of economic development in specific regions. In particular, for the Lipetsk region, the most potential for sustainability are the types of economic activities "Transport and Communication", "Agriculture, Hunting and Forestry".

scholarly journals Turismo de Base Comunitária sob influência do processo de Proteção da Natureza na Reserva Extrativista Prainha do Canto Verde (CE) e na Reserva de Desenvolvimento Sustentável do Aventureiro (RJ)

2016 ◽  
Vol 9 (1) ◽  
Author(s):  
Teresa Cristina de Miranda Mendonça ◽  
Edilaine Albertino de Moraes
Keyword(s):  
Sustainable Development ◽  
Rio De Janeiro ◽  
Field Research ◽  
Cultural Dynamics ◽  
Conservation Units ◽  
Nature Protection ◽  
Community Based ◽  
The Sustainable Development ◽  
Extractive Reserve ◽  
Social Environmental

EEste artigo apresenta como discussão temática o turismo de base comunitária sob influência do processo de proteção da natureza, que tem como estratégia a criação de Unidades de Conservação, das categorias Reserva Extrativista e Reserva de Desenvolvimento Sustentável. Neste contexto, considera-se a lógica peculiar da dinâmica social, ambiental e cultural da Reserva Extrativista Prainha do Canto Verde (Ceará) e da Reserva de Desenvolvimento Sustentável do Aventureiro (Rio de Janeiro). O objetivo do trabalho se define na descrição e análise sobre o processo de fortalecimento do turismo de base comunitária sob influência das Unidades de Conservação instituídas na área abrangente da Prainha do Canto Verde e da Vila do Aventureiro. O caminho metodológico de trabalho compreendeu pesquisa bibliográfica, documental e de campo, desde 2003, considerando dados de projetos de pesquisa e extensão universitária, como possibilidade de cobertura ampla de fenômenos semelhantes, permitindo uma comparação dos resultados obtidos para ampliar as perspectivas de análise temática. O resultado principal alcançado na pesquisa se baseia na importância da criação da Reserva Extrativista Prainha do Canto Verde e da Reserva de Desenvolvimento Sustentável do Aventureiro para a valorização e validação do turismo de base comunitária, garantindo sua premissa básica: a concepção, o planejamento, a operação e a gestão do turismo pelos agentes locais. Community-based Tourism under the influence of Nature Protection process in the Extractive Reserve Prainha do Canto Verde (CE, Brazil) and the Sustainable Development Reserve Aventureiro (RJ, Brazil) ABSTRACT This paper discusses Community-based Tourism influenced by the process of nature protection and the strategic creation of Conservation Units, and the categories Extractive Reserve and Sustainable Development Reserve. In particular, we approach the peculiar logic of the social, environmental and cultural dynamics of the Extractive Reserve of Prainha do Canto (Ceará,Brazil) and the Sustainable Development Reserve of Aventureiro (Rio de Janeiro, Brazil) to describe and analise the reinforcement of Community-based Tourism in the conservation units created in these Reserves. The methodology includes bibliographical, documental and field research conducted since 2003, and the extension and research academic projects covering similar phenomena to enable a comparison of the findings to widen the perspectives of the analysis. The main findings point to the relevance of the creation of Reserves for valorization and validation of Community-based Tourism assuring its basic assumption: the conception, planning, operation and management of tourism by local agents. KEYWORDS: Community-based Tourism; Nature Protection; Extractive Reserve; Sustainable Development Reserve.

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