scholarly journals Development of Integrated Reporting in Poland

2021 ◽  
Vol 1 (2) ◽  
Author(s):  
Bartosz Rymkiewicz
Keyword(s):  
Negative Impact ◽  
Rapid Development ◽  
Point Of View ◽  
Financial Information ◽  
Integrated Reporting ◽  
Public Companies ◽  
Wide Range ◽  
Quality Of Reports ◽  
Financial Disclosures ◽  
Social Environmental

Organizational reporting is the most important tool of communication between an enterpriseand its stakeholders. However, it is not a static tool but continues to develop and adapt to ongoingeconomic and social changes. Formerly covering only financial information; currently, it is supplementedby a wide range of non-financial information relating to all aspects of the business. The evolution ofreporting is particularly fostered by the rapid development of the concepts of corporate socialresponsibility and sustainable development, as well as the progressing changes in the information needsof stakeholders. Enterprises are increasingly publishing voluntary reports concerning the social,environmental, and employment aspects of their business in addition to reports required by law. Thisresults in the multiplication of reports and duplication of content, which has a negative impact on thereports' usefulness. The solution to this problem may be integrated reporting, which integrates andinterconnects financial and non-financial disclosures. A milestone for the development of integratedreporting was the elaboration of integrated reporting guidelines by the International Integrated ReportingCouncil (IIRC) in December 2013. The aim of the paper is to present the development of integratedreporting in Poland in 2014-2020 on the example of public companies listed on the Warsaw StockExchange. The quality of reports was assessed from the point of view of compliance with IIRC guidelines,as well as their usefulness for stakeholders. Content analysis of corporate publications and comparativeanalysis was used for this purpose.

THE RESPONSIBILITY FOR RISK MANAGEMENT IN THE SLOVAK SMEs FROM THE POINT OF VIEW OF THE HUMAN RESOURCES IN THE PERIOD OF QUALITATIVE ECONOMIC CHANGES

2020 ◽  
Vol Vol. 36 (No. 2) ◽  
pp. 71-77
Author(s):  
Katarina Haviernikova ◽  
Janka Betakova
Keyword(s):  
Risk Management ◽  
Negative Impact ◽  
Fundamental Problem ◽  
Developed Countries ◽  
Point Of View ◽  
Economic Environment ◽  
Negative Effects ◽  
Chi Square ◽  
Size Category ◽  
Wide Range

Small and medium-sized enterprises (SMEs) in developed countries represent an important part of their economic environment. They belong to accelerators of economic development in regions and countries. One of the specifications of SMEs is that they allow people to learn to use their own entrepreneurial skills. Thus, the success of SMEs depends on the skills of the person who is responsible for business management in the enterprise. Without skilled and competent managers no activity will be performed effectively. The development and changes in the economic environment, in which SMEs operate, cause the various reversals connected with uncertainty and the resulting risks. A competent person (owner/manager) in SME will need to anticipate these risks and develop appropriate mitigation and strategies for them. The owner/manager of SME should consider the fact, that there could be deviations in the realization process against the planned goal. This deviation presents the risk and the representative of SME should know, how it is possible to manage this risk. It means to reduce its negative impact. The lack of knowledge is a fundamental problem in the failure of most initiatives in the SMEs and the lack of experience can become a major risk to business survival. The goal of owners/managers in SMEs should be to reduce the possible errors and risks in that way that the SME gets into a situation in which it can anticipate changes, and it is able to respond to them and exploit them to their advantage. Each SME is unique and the risk may occur differently in comparison with other SMEs. Risk management and mitigation of risk are important to ensure the security of the company and its continuous development. The risk management in SMEs is perceived as a means of the improvement of SMEs’ success in their activities, due to the fact, that in most cases the unpredictable situations represent a serious loss-making exposure for the SMEs business sector which leads to the loss. For those SMEs whose capital base is insufficient, they can have catastrophic consequences in the case of realized activities, and they can lead to financial losses and subsequently to possible bankruptcy. For this reason, risk management is a prerequisite for minimization of the negative effects of unexpected situations. Still, a lot of SMEs rarely carry out process-related activities risk management. It is affected by limited resources (financial, human), which SMEs have, and which process risk management. There is a wide range of studies focused on risk management in SMEs, but only several of them are focused currently on the responsibility for risk management. This paper contributes to the dissemination of knowledge about the responsibility for risk management in SMEs and provides wider analysis in ways of responsibility for it. To reach the main of the paper, questionnaire surveys among 1018 Slovak SMEs were conducted. We compared the responsibility for risk management in SMEs between two groups of SMEs – technological and tourism from the point of view of sized category, and regional of SMEs. For the evaluation of differences and dependencies among three groups of respondents’ answers, according to their size category, economic branch in which they operate, and regional location, the Chi-square test was used. The associations among respondents’ answers were evaluated through Cramer’s V. The results showed the differences in responsibility for risk management among Slovak SMEs. The results of this study may provide implications for subsequent research focused on responsibility for risk management in the wider context.

scholarly journals Integrated Reporting and European State-Owned Enterprises: A Disclosure Analysis Pre and Post 2014/95/EU

2020 ◽  
Vol 12 (5) ◽  
pp. 1908 ◽  
Author(s):  
Giuseppe Nicolò ◽  
Gianluca Zanellato ◽  
Adriana Tiron-Tudor
Keyword(s):  
Public Sector ◽  
Public Management ◽  
New Public Management ◽  
Sustainability Reporting ◽  
Financial Information ◽  
The European Union ◽  
Integrated Reporting ◽  
Long Time ◽  
Increasing Demand ◽  
Social Environmental

The European Directive 2014/95/EU regulating the disclosure of non-financial information for public interest organisations is enjoying its first years since entering into force in 2017. The emerging of social, environmental and sustainability issues in combination with the New Public Management (NPM) reforms, led public sector entities to huge demands of accountability. Long time before the European Union Directive (EUD) on non-financial information, public sector entities were pushed to demonstrate to a broad range of stakeholders how public resources are used. Accordingly, the stakeholders’ increasing demand for social and environmental information has encouraged the adoption of different types of reports by organisations, such as the Corporate Social Responsibility (CSR) Report, Sustainability Reporting (SR) and the Integrated Report (IR).In the context of State-Owned Enterprises (SOEs), the disclosure of non-financial information gains a pivotal relevance as these type of organisations face a more comprehensive range of stakeholders than private organisations. In this vein, the present paper aims to investigate whether the mandatory disclosure directive increased the level of information provided by SOEs issuing an IR between the years 2016 and 2017 in order to demonstrate whether a mandatory regulation leads to higher disclosure.

scholarly journals Public companies non-financial reporting and audit in Ukraine: challenges and prospects

2017 ◽  
Vol 1 (1) ◽  
pp. 32-38 ◽  
Author(s):  
Inna Makarenko
Keyword(s):  
Sustainable Development ◽  
Development Strategy ◽  
Financial Reporting ◽  
Financial Information ◽  
System Reform ◽  
Accounting System ◽  
Integrated Reporting ◽  
Public Companies ◽  
Association Agreement ◽  
Eu Directive

Public interest entities and public companies as their representatives should be an example in implementing of sustainable development initiatives (sustainable development goals of the United Nations, development strategy «Europe-2020», «Sustainable Development Strategy»Ukraine-2020») in the light of Association agreement. Main challenges for Ukrainian public companies are non-financial information disclosure and assurance of both financial and non-financial reporting through statutory audit. Key prospects of public companies accounting system reform were outlined in this regard. This research may contribute to the existing literature in regard of identifying key areas of improving financial and non-financial information PIEs disclosure as well as its independent verification through statutory audit. This improvement should incorporate European experience and provision of Directive 2014/95 / EU, Directive 2013/34 / EU, Directive 2014/56 / EU and Regulation (EU) no. 537/2014. Among the promising areas of research, introduction of integrated reporting for Ukrainian PIEs is worth noting.

IR in Romania

2017 ◽  
pp. 46-50
Keyword(s):  
Financial Performance ◽  
Conceptual Model ◽  
National Level ◽  
Financial Information ◽  
Annual Reports ◽  
Successful Implementation ◽  
Integrated Reporting ◽  
Reporting Scheme ◽  
Corporate Reporting ◽  
Social Environmental

This chapter investigates the topic of integrated reporting at national level. We demonstrate that a Romanian company, Rosia Montana Gold Corporation, issued in 2010 an Annual Report that can be considered a real prototype of an integrated report. Derived from the need to fulfill the gaps in corporate reporting (lack of non-financial information in the annual reports, organizations' failure in explaining social/environmental/other impacts, aggregation of CSR/environmental/social reports in the annual reports – without any connectivity to the financial performance, etc.), the new IR trend should be shaped by international accounting organizations and accountancy profession. This is one of the few studies that aimed to develop a conceptual model for the integrated report that can be applied by companies intending to implement this reporting practice. The originality of our book results from the various perspectives contained in our model: from the IIRC content elements and principles, to IASB/IFRS implications for integrated reporting. Finally, we strongly believe that the evolution of integrated reporting will end with a common standard issued by IASB/IFRS in cooperation with IIRC, and even European legislation/ or going further- national requirements. Therefore, research on a complex framework for integrated reporting (that has to address both financial and non- financial focus) and provide extended guidelines for an integrated report, should be useful for standard setters – for regulatory purposes, and companies- for a successful implementation of this reporting scheme.

scholarly journals Integrated Thinking and Reporting Process: Sensemaking of Internal Actors in the Case of Itaú Unibanco

2021 ◽  
Vol 14 (6) ◽  
pp. 245
Author(s):  
Kelli Juliane Favato ◽  
Marguit Neumann ◽  
Simone Leticia Raimundini Sanches ◽  
Manuel Castelo Branco ◽  
Daniel Ramos Nogueira
Keyword(s):  
Empirical Work ◽  
Integrated Reporting ◽  
Case Study Methodology ◽  
Social Actors ◽  
Reporting Framework ◽  
The Social ◽  
Financial Disclosures ◽  
Social Environmental ◽  
The Individual ◽  
Interpretative Approach

This study aims to understand the meaning created by Itaú Unibanco’s internal actors in the Integrated Reporting (IR) processes. An interpretative approach based on Karl Weick’s sensemaking perspective is adopted. A case study methodology was adopted for undertaking the empirical work. The results show that IR identity in the institution is related to three issues: synergy processes between sectors; integration for the production of other reports; and development of an integrated thinking chain for the entire business. We present perceptions on benefits and difficulties in the process of preparing the integrated report. Although the practices and processes established did not change the characteristics of the bank, the perspective of the social actors seems to have changed from a sectoral view to a multidimensional view. In addition, the conclusions suggest that it is not difficult to understand that separating ‘thinking’ from ‘doing’, attributing to the individual the role of mere operationalization is tantamount to ignore the meaning attributed to the organization’s journey towards the creation of a process, namely the IR one. The study’s contribution lies in pointing out that the IR process is directly related to the integrated thinking process. This could be the most significant differential of IR as a form of corporate communication as it amounts to a new reporting framework that proposes integrating social, environmental, and governance disclosures (non-financial information) with financial disclosures in a single report.

scholarly journals Integrated Reporting Practice and Disclosure in Bangladesh’s Banking Sectors

2019 ◽  
Vol 3 (2) ◽  
pp. 147
Author(s):  
Niaz Mohammad
Keyword(s):  
Annual Report ◽  
Sustainability Reporting ◽  
Financial Statements ◽  
Financial Information ◽  
Annual Reports ◽  
Integrated Reporting ◽  
Corporate Reporting ◽  
Reporting Practice ◽  
Social Environmental ◽  
Corporate Social

Integrated reporting (IR) is a new form of corporate reporting that has emerged after decades of calls by academics and practitioners for more holistic and integrated corporate reporting on the economic, environmental, and social aspects of business. The present research relied on a critical review of the literature on IR practices and sustainability reporting. Indexed journals were reviewed, and evidence was drawn upon to develop a model examining the possible determinants of IR in annual reports. To this end, reports from 20 different banks from 2012 to 2017 were considered. Analyzing the financial statements of these banks through their annual reports provided insightful disclosures concerning triple bottom lines (social, environmental, and economic); the findings of the study suggested that very few banks have taken initiatives to disclose such information in their annual reports. Using annual report content analysis, the findings showed that in 2017, companies started providing non-financial information regarding the environment, society, and governance along with financial figures. However, it is noteworthy that companies still provide this information in disconnected strands and as part of corporate governance or corporate social responsibility disclosures instead of linking such information to financial information and providing it within integrated reports.

scholarly journals Kalmykia in the Space of Russian-Mongolian Relations in the 20th – Early 21st Centuries: Historical and Cultural Aspect

2021 ◽  
pp. 191-201
Author(s):  
Nina Ochirova ◽  
◽  
Nadmidyn Sukhebaatar ◽  
Keyword(s):  
Regional Cooperation ◽  
Negative Impact ◽  
Objective Assessment ◽  
Far East ◽  
100Th Anniversary ◽  
Point Of View ◽  
Sovereign State ◽  
Difficult Situation ◽  
Wide Range ◽  
History Of

Introduction This article within the framework of Russian-Mongolian relations examines the regional aspect of cultural cooperation between Mongolia and Kalmykia in the Soviet and post-Soviet periods. The authors investigated a wide range of problems related to the place and role of Kalmykia in the history of Russian-Mongolian relations, studied the development of multifaceted interaction between two kindred peoples. Methods and materials. From a methodological point of view, this study is an experience of building a comprehensive vision of the problem. An interdisciplinary, comprehensive approach to solving current research problems makes it possible to synthesize all relevant aspects of studying the historical and cultural aspects of regional cooperation between Kalmykia and Mongolia within the framework of Russian-Mongolian relations. Analysis. 2021 marks the 100th anniversary of the establishment of Soviet-Mongolian official diplomatic relations. The Agreement between Mongolia and Russia signed on November 5, 1921 strengthened the military-political cooperation between the two countries, served as a broad international recognition of Mongolia as a sovereign state and played an important stabilizing role in the difficult situation in the Far East. In the 90s of the last century, Russia and Mongolia engaged in profound transformations. The scale of the work carried out by our countries demanded to shift all their attention to solving internal problems, which undoubtedly had a negative impact on the level of relations between the two states. Later, having solved the problems of radical transformations of society, Russia and Mongolia began to restore relations, but on completely new principles. In these conditions, along with other industries, the sphere of cultural interaction between Russia and Mongolia, the development of regional cooperation, becomes significant. One of the Russian regions is Kalmykia, which is linked with Mongolia by ancient historical roots, the unity of culture, religion, language and tradition. These factors play an important role in the further strengthening of good neighborly relations between Russia and Mongolia, in the development of regional cultural cooperation. Results. Studying the history of interaction between the two fraternal peoples in the past and present in the aspect of Russian-Mongolian relations provides rich material for an objective assessment of events in specific historical conditions. Kalmykia, like the border regions of Russia, makes a certain contribution to the strengthening of Russian-Mongolian relations.

scholarly journals FORMATION OF INTEGRATED REPORTING IN THE CONTEXT OF SUSTAINABLE DEVELOPMENT

2021 ◽  
Vol 7 (2) ◽  
pp. 129-138
Author(s):  
Olha Luhova ◽  
Tetiana Pisochenko
Keyword(s):  
Sustainable Development ◽  
Financial Reporting ◽  
Business Strategy ◽  
Sustainability Reporting ◽  
Integrated Reporting ◽  
Sustainable Business ◽  
Wide Range ◽  
Analysis And Synthesis ◽  
Social Environmental ◽  
The Impact

The purpose of the paper is to theoretically justify the preparation of integrated reporting, the influence of sustainable development ideas on the formation of the concept of integrated reporting, the problems of its creation and implementation in the practice of organizations. Methodology. The methodological and theoretical basis of the study was made up of the works of scientists and specialists in corporate reporting and sustainable development; frameworks, instructive and methodological materials for the formation of integrated reporting. We used general scientific methods of cognition such as comparison, analysis and synthesis, generalization, systematization, historical and logical methods. Results. Information deficiency arising from the formation of exclusively financial statements stimulates the emergence of integrated reporting. Non-financial reporting (social, environmental, etc.) provides useful information but does not reflect the relationship between different aspects of the company’s activities and its results, which does not contribute to understanding its ability to create value over time. The constant trend of companies to sustainable development involves the study of issues of formation of integrated reporting as a tool for building a sustainable business. The integrated report aims to provide an insight into the company’s resources and relationships that are known as the capitals and how the company interacts with the external environment and the capitals to create value. Key indicators of sustainability reporting, which should be reflected in integrated reporting, are grouped into three components: economic, environmental, and social. They are based on an assessment of the value of business and the value of capitals. Companies interested in implementing integrated reporting face a number of challenges, beginning with the fact that no globally accepted framework specifying what goes into an integrated report exists. But there are a growing number of examples of integrated reports from which companies can learn. Practical implications. This is an explanatory research to come with conceptual paper cited with recent literature for understanding the impact of sustainable development ideas on the emergence of integrated reporting. Despite the long list of internal and external challenges, the list of drivers contains a wide range of business advantages. Value / originality. Integrated reporting is a powerful tool for transparency and information openness of the company, which contributes to the sustainability of the business. Integrated reporting can become a tool for building a sustainable business for a company. In the process of its implementation and formation, the issues of the need to transform the company’s management system, strengthen control over the solution of environmental and social problems, study and improve the company’s business strategy should be resolved.

THE IMPACT OF MIGRATION FLOWSON THE IDENTITY OF RUSSIANS

2020 ◽  
Author(s):  
E.Z. DATUKISHVILI
Keyword(s):  
Identity Formation ◽  
Negative Impact ◽  
National Policy ◽  
Point Of View ◽  
Wide Range ◽  
Political Conditions ◽  
Migration Flows ◽  
Sociological Studies ◽  
The Impact ◽  
Different Levels

This article is devoted to the analysis of the influence of migration flows on the identity of Russians in modern socio-political conditions of the countrys development. Based on the study of a wide range of theoretical material and analysis of sociological studies, the author of the article comes to the conclusion about a significantly negative impact of the immigration factors in the civil and ethno-cultural identity of Russians. The article also formulates proposals for changes in the migration and national policy of the country to level the above risks. When analyzing the influence of migration flows on the Russians identity it is necessary, first of all, to pay special attention to the fact that a persons identity from the sociological point of view is multilevel in nature and its structure is influenced by a variety of factors relevant to different levels of identity formation. The impact of migration flows on the identity of Russian citizens is multifaceted and profound, and is manifested to varying degrees in different parts of the country and in the context of different types of identity.

Rationale and Design Considerations for a Semantic Mediator in Health Information Systems

1998 ◽  
Vol 37 (04/05) ◽  
pp. 518-526 ◽  
Author(s):  
D. Sauquet ◽  
M.-C. Jaulent ◽  
E. Zapletal ◽  
M. Lavril ◽  
P. Degoulet
Keyword(s):  
Information Systems ◽  
Software Engineering ◽  
Health Information ◽  
Rapid Development ◽  
Heterogeneous Systems ◽  
Health Information Systems ◽  
Semantic Interoperability ◽  
Point Of View ◽  
Current State ◽  
Engineering Environment

AbstractRapid development of community health information networks raises the issue of semantic interoperability between distributed and heterogeneous systems. Indeed, operational health information systems originate from heterogeneous teams of independent developers and have to cooperate in order to exchange data and services. A good cooperation is based on a good understanding of the messages exchanged between the systems. The main issue of semantic interoperability is to ensure that the exchange is not only possible but also meaningful. The main objective of this paper is to analyze semantic interoperability from a software engineering point of view. It describes the principles for the design of a semantic mediator (SM) in the framework of a distributed object manager (DOM). The mediator is itself a component that should allow the exchange of messages independently of languages and platforms. The functional architecture of such a SM is detailed. These principles have been partly applied in the context of the HEllOS object-oriented software engineering environment. The resulting service components are presented with their current state of achievement.

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