scholarly journals THEORETICAL AND APPLIED ASPECTS OF ANALYSIS OF INTEGRATED REPORTING OF AGRICULTURAL CORPORATIONS: HUMAN CAPITAL

2021 ◽  
Vol 2 (2) ◽  
pp. 29-36
Author(s):  
Ruslan Kostyrko ◽  
Denys Prozorov
Keyword(s):  
Human Capital ◽  
Financial Reporting ◽  
Critical Evaluation ◽  
Well Being ◽  
Organic Production ◽  
International Standards ◽  
Global Reporting Initiative ◽  
Integrated Reporting ◽  
Disclosure Of Information ◽  
The Impact

The purpose of the paper is to improve scientific and applied aspects of analysis of integrated reporting of agricultural corporations on the example of human capital indicators. Methodology. Theoretical aspects of the study are based on the international standards of the Global Reporting Initiative and AccountAbility. Applied aspects are the generalization and critical evaluation of the form, content, quantitative and qualitative indicators of integrated reporting of agricultural corporations. The results of the paper are to define non-financial reporting as an integrated format of information on natural, industrial, financial, human, intellectual, social, institutional capital of enterprises. It is shown that the development of the system of formation and presentation of integrated reporting is influenced by two trends that are somewhat mutually exclusive: firstly, supranational regulation by GRI and AA1000 standards; secondly, the voluntary nature and predominance of content over form, which cause significant differences in formats and the difficulty of conducting a comparative analysis of reporting enterprises. It is proved that integrated reporting is a comprehensive set of quantitative and qualitative indicators, which are divided into general, common to all enterprises of the national economy, and specific, inherent in certain types of economic activity. For agricultural corporations, the latter are: protection of agricultural lands, animal well-being, state and directions of development of organic production, etc. The components of integrated reporting of four agricultural corporations of Ukraine are summarized. Their similarity is determined by the substantive characteristics associated with the disclosure of information about the impact of the enterprise on the environment, social and economic impact, corporate governance, animal well-being. The differences are related to the form of presentation of information, the number of sections of integrated reporting. The conceptual basis of human capital management and features of program in separate researched agrarian corporations are generalized. The analysis of human capital as an object of integrated reporting of agricultural corporations on the indicators of the total number of staff, its permanent and seasonal part, gender composition, categories of employees, age, and duration of training has been performed. Practical implications are the development of recommendations aimed at eliminating the shortcomings of the disclosure of information about human capital associated with the prevalence of quantitative indicators over qualitative ones. It is proposed to use indicators of labor productivity, average wages compared to the industry level, as well as motivational mechanisms for staff in the form of corporate health insurance. Value/originality. The necessity of data integration is substantiated not only at the level of the non-financial report, but also at the level of separate sections, which is advisable to be represented by separate types of capital. On the example of the section “Human capital” it is recommended to highlight the units related to its economic, social, cultural, intellectual development, etc. in its composition.

scholarly journals ВІДОБРАЖЕННЯ ІНФОРМАЦІЇ ПРО КАПІТАЛИ В ІНТЕГРОВАНІЙ ЗВІТНОСТІ

2021 ◽  
pp. 67-73
Author(s):  
Денис Вікторович Прозоров
Keyword(s):  
Human Capital ◽  
Value Added ◽  
International Standards ◽  
Information Support ◽  
Practical Significance ◽  
Integrated Reporting ◽  
Basic Principles ◽  
Advantages And Disadvantages ◽  
Disclosure Of Information ◽  
The Given

Formulation of problem. Meeting the needs of stakeholders for the disclosure of financial and non-financial information about the effectiveness of enterprises actualizes the solution of disclosure of information about the contribution of capital to the creation of value added in integrated reporting. The aim of the article is research of problems of formation of the integrated reporting and justification of scientific and methodical recommendations about reflecting indicators of the formation and use of capital in reporting. The object of the research is the process of the formating accounting and analytical information in integrated reporting. Methods used in the research: logical and informative, scientific generalization, induction, deduction, analysis, synthesis. The hypothesis of the research is the assumption about improving the information support for integrated reporting by disclosing information about capital in accordance with the requirements of international standards that will contribute to increasing the effectiveness of management decisions about creation of value and addressing informational needs of stakeholders. The statement of basic materials. Based on the research, the structure of integrated reportings of individual companies is analyzed, their advantages and disadvantages, the basic principles of the formation of integrated reporting are determined, indicators of integrated reporting in terms of six types of capitals are disclosed, the stages of formation of the information about human capital in the integrated reporting are determined. The originality and practical significance of the research is the description of the information about capital in integrated reporting of scientific and methodical recommendations for the disclosure of information about the capital of integrated reporting and the formation of information and analytical platform for human capital Conclusions and perspectives of further research. The research proves that the disclosure of information about capital in integrated reportingt allows to form the mission and vision about the prospects of increasing value for the future. The given system of indicators characterizing efficiency of human capital allows to estimate the contribution of the capital in creation of value of the enterprise and to form strategy of its sustainable development.

IFRS IMPLEMENTATION AS ONE OF THE FACTORS FOR IMPROVING THE INVESTMENT CLIMATE IN UKRAINE

2017 ◽  
Author(s):  
Kateryna Sova ◽  
◽  
Natalia Yatsenko ◽  
Denys Zagirniak ◽  
◽  
...  
Keyword(s):  
Financial Reporting ◽  
Direct Investment ◽  
Financial Statements ◽  
International Standards ◽  
Investment Climate ◽  
The European Union ◽  
Economic Activities ◽  
Financial Reporting Standards ◽  
Almost All ◽  
The Impact

The article is devoted to the study of the impact of the introduction of International Financial Reporting Standards (IFRS) on changes in the investment climate in Ukraine. The relevance of the topic is that improving the practice of applying IFRS as a tool for exchanging financial information is one of the key conditions for improving the investment climate in Ukraine. The authors have created the generalized scheme that illustrates the chronological list of enterprises that are required by law to prepare financial statements in accordance with IFRS. It was noted that in 2018, in accordance with Part 2 of Article 12 of the law on accounting and financial reporting in Ukraine and resolution of the Cabinet of Ministers of Ukraine No. 547 from 11.07.2018, the criteria of enterprises that are required to prepare financial statements in accordance with IFRS were updated. This step significantly increased the level of application of international standards due to the adoption of such a decision at the legislative level. The dynamics of the number of IFRS enterprises in Ukraine was analyzed. The analysis showed that over the past three years, the number of almost all enterprises that must apply international standards has been growing. The advantages of using IFRS for different users of financial statements were determined. It was determined that the priority users of IFRS financial statements are investors. At the same time, it was noted that the main advantage for other users of financial statements prepared in accordance with international standards is the improvement of the investment climate. The dynamics of the Investment Attractiveness Index of Ukraine based on the Likert scale in the period from 2016 to 2020 was analyzed. The direct investment receipts to Ukraine from the European Union countries were studied. The dynamics of direct investment in the Ukrainian economy was analyzed for two types of economic activities that should form financial statements in accordance with IFRS, namely, the extractive industry and quarrying, as well as financial and insurance activities.

scholarly journals Empirical Study on the Impact of Evaluation of Intangible Assets on the Market Value of the Listed Companies

2021 ◽  
Vol 24 (1) ◽  
pp. 84-101
Author(s):  
Cristina Gabriela Cosmulese ◽  
Marian Socoliuc ◽  
Marius-Sorin Ciubotariu ◽  
Veronica Grosu ◽  
Dorel Mateş
Keyword(s):  
Empirical Study ◽  
Financial Reporting ◽  
Intangible Assets ◽  
Market Value ◽  
Added Value ◽  
Manufacturing Companies ◽  
Integrated Reporting ◽  
Digital Revolution ◽  
Service Companies ◽  
The Impact

The accelerated pace of economic development, the digital revolution and the internationalization of business has meant for some entities the creation or acquisition of intangible assets (IA), which have become increasingly important for the economic prosperity and for determining the global value of a company, also becoming an important incentive in creating added value. The aim of this paper is focused on analyzing the impact of internally generated intangible assets on the market value of the companies. In order to achieve this aim, we conducted an empirical study involving a sample of 180 NASDAQ and NYSE listed entities between 2007 and 2016. The sample has obtained by applying the inclusion and exclusion criteria on the 500 large-capitalization companies (S&P 500 Index). Making use of regressive techniques, the authors undertook an econometrical model to test whether the impact of intangible assets on the market value of the entities increases when are provided complete, clear and easy-to-understand accounting information about the intangible assets value, which aid business to properly estimate corporate value ratio and reduce implicit bias, due to mainly taking into account those reported values when measuring an entity’s value. The results revealed an impact of the value of the reported and unreported IA on the market value of the entities, for manufacturing companies relative to service companies, which generates an added value on the capital market and implicates a close linkage of disclosure compliance and the associated industry sector. The proposed model can be an inspiration for the legislator to change the structure of financial reporting, or anticipated a valuable informational source for increasing the quality of integrated reporting of economic entities.

The Phoenix Rises: The Australian Accounting Standards Board and IFRS Adoption

2017 ◽  
Vol 16 (2) ◽  
pp. 127-154 ◽  
Author(s):  
Bryan Howieson
Keyword(s):  
Financial Reporting ◽  
Social Order ◽  
Standard Setting ◽  
International Standards ◽  
Technical Staff ◽  
Staff Members ◽  
Political Skills ◽  
Financial Reporting Standards ◽  
Ifrs Adoption ◽  
The Impact

ABSTRACT The Australian experience of International Financial Reporting Standards (IFRS) is used to explore the impact of IFRS adoption on the sphere of authority (SOA) of a national accounting standard-setter (NASS). Data for the study were gathered from interviews with AASB technical staff and retired IASB members. The study demonstrates how changes in the social order between the IASB and NASSs impact domestic and international standards and how power is exercised and shared in the IASB/NASSs relationship. I find that a standard-setter's technical agenda is influenced by its strategic agenda. I show the significant influence of the standard-setting entity's chairperson on the development and implementation of the strategic agenda. In addition, individual technical staff members help drive this agenda. Knowledge of the behavior of standard-setting organizations can be considerably deepened by studying the characteristics and motivations of the individuals within those organizations. The findings are useful to NASSs by, for example, demonstrating the importance of employing individuals with both strong technical and political skills. If NASSs wish to have influence at the global level, then they must be proactive in driving change through networks and alliances with other NASSs.

The impact of audit committee financial expertise on de facto use of IFRS: does external auditor’s size matter?

2020 ◽  
Vol 20 (7) ◽  
pp. 1243-1263
Author(s):  
Ahmed Atef Oussii ◽  
Mohamed Faker Klibi
Keyword(s):  
Financial Reporting ◽  
Audit Committee ◽  
International Standards ◽  
Moderator Variable ◽  
Content Type ◽  
Big 4 ◽  
Important Message ◽  
Financial Expertise ◽  
Size Matter ◽  
The Impact

Purpose De facto use of International Financial Reporting Standards (IFRS) is a particular form of voluntary compliance with International Accounting Standards (IAS). It is practiced when an enterprise uses a number (and not all) of international standards as a complement to overcome the unachieved nature of local generally accepted accounting principles. The purpose of this paper is to analyze, at first, whether the financial expertise of Tunisian audit committee’s members is associated with de facto use of IFRS. Second, it explores to what extent and in what direction this association evolves when the factor auditor’s size is introduced as a moderator variable. Design/methodology/approach Data spanning a seven-year period (2012–2018) was hand-collected for a sample of 497 firm-year observations. Further, regression analysis was used to test the study’s hypothesis. Findings Findings show that the proportion of financial experts who sit on the audit committee is positively associated with the de facto use of IFRS. Besides, the association between audit committee members’ financial expertise and the voluntary use of IFRS is more pronounced when the company is audited by at least one BIG 4 audit firm. Practical implications The paper’s findings have implications for regulatory bodies and standards setters who are concerned with the functioning of the audit committee, especially when it comes to enhancing the quality of the financial statements. The results also shed light on the role of financial experts on the audit committee and Big 4 auditors to enforce the de facto use of IFRS. Originality/value The findings of this study contain an important message for the drift toward national de jure convergence with IAS.

scholarly journals The role of disclosure and transparency in financial reporting

2015 ◽  
Vol 3 (1) ◽  
pp. 60 ◽  
Author(s):  
Shaban Mohammadi ◽  
Behrad Moein Nezhad
Keyword(s):  
Financial Reporting ◽  
Voluntary Disclosure ◽  
Disclosure Of Information ◽  
The Impact

<p>Voluntary disclosure and transparency can preserve the interests of shareholders, and the company's performance improves. in this paper, the importance of transparency in financial reporting and expressed its limitations and quality of disclosure and transparency, we express and at the end of the importance and benefits of voluntary disclosure, as well as major issues and the impact of voluntary disclosure of information in the market. we will examine.</p>

scholarly journals MAIN TENDENCIES AND POSSIBILITIES OF CHANGE OF EXPORT SPECIALIZATION OF RUSSIA

2018 ◽  
Vol 20 (2(67)) ◽  
pp. 48-57
Author(s):  
M.A. ZDOROV
Keyword(s):  
Import Substitution ◽  
Critical Evaluation ◽  
Economic Assessment ◽  
Organic Production ◽  
International Standards ◽  
Cottage Cheese ◽  
Complex Method ◽  
The North ◽  
Recreational Resources ◽  
Export Specialization

Topicality. The relevance of change of export specialization of Russia has paramount character. Methodical approaches to an economic assessment of recreational resources of the region are considered (rent, expensive, standard, etc.), their critical evaluation is given, and expediency of application of a complex method of an assessment is proved. It consists in group of all existing methods and allocations of indicators of efficiency by each group of methods. The system of calculation of an integrated (complex) indicator of an economic assessment of recreational resources is given.Aim and tasks. For stimulation of agrotourist activity in the Russian Federation we conducted researches on measurement of agrotourist capacity of the economic region of Russia united in the North-South program for a long time. Tasks of identification of agrotourist capacity of regions at respect for the principles of territorial division of labor were set, and according to rationalization of placement and specialization of branches.Research results. Import substitution of food opens ample opportunities for entrance tourism which is a peculiar form of export of food production and tourist's services. It especially is important that organic production often is perishable (hot bread, pair milk, cottage cheese, sour cream, etc.). From this it follows that tendencies of small farms in the village (LE, K(F)H, SPK, etc.) on reception of foreign tourists have the prospects. The interests of the tourists wishing to get acquainted with the multinational culture of Russia features of national crafts and crafts, dream natural places are many-dimensional complemented with consumer goods in the form of organic production.As a result of carried out researches it has turned out that indicators on tourism and agrotourism have coincided. The economic sense is quite explainable here. In the future prospect, it is expedient to transfer all internal and entrance tourism to agrotourism or tourism of rural territories, there is an insignificant part of a tourist's product in the large cities of regional value. Agrotourism on the international standards includes the small and average cities, reflecting all means of placement, natural and cultural and historical potential.Conclusions. As a result of a research, it is possible to draw a conclusion that today the scheme of the movement of financial resources - from tourist to the agricultural enterprises is of particular importance. The calculations which are carried out according to this scheme allow to define for three-year term limits of multiplicative stability of agrotourist production, components 5,9 and 11,7 trillion rubles.

scholarly journals Remote work and human capital: new challenges and threats (international experience)

2021 ◽  
pp. 107-119
Author(s):  
Oleksandr Burov
Keyword(s):  
Artificial Intelligence ◽  
Human Capital ◽  
Data Science ◽  
Well Being ◽  
Business Environment ◽  
Remote Work ◽  
Science Data ◽  
Creative Abilities ◽  
The Impact

Keywords: human capital, remote work, cybersecurity, workforce, digital economics The article considers the role of human capital in the transitionto the remote work. The analysis of world changes in the field of safe and effectiveuse of digital business environment and qualification of workforce in the conditions ofgrowth of remote work is carried out. The analysis was conducted in the following areas:general features of the digitalizing in crisis and innovation, a new paradigm of business«Data is the new gold», the organization of the workforce in the transition to teleworking,the priorities of today's professions, the problems of cybersecurity in teleworking. It has been articulated that the main requirements for the today’s workforce are intellectualand creative abilities, competence in the field of creation and use of ICT, bigdata (data science, data mining, data analytics) and artificial intelligence, the role ofwhich has grown even more due to the COVID-19 pandemic. The human component ofintellectual capital (in the form of knowledge, skills and competencies, as well as intellectualand creative abilities) is gaining new importance in the digital economy.The analysis of relationship of the crisis and innovation made on the basis of the ClarivateDerwent report has demonstrated the impact of the pandemic on the global lifecycle of research and innovation projects in the first half of 2020, namely that COVID-19violated innovation strategy of the innovative leaders worldwide. The analysis hasdemonstrated: in the new conditions of accelerated digitalization, ingenuity and speed ofdecision-making and innovation are needed more than ever. These priorities will affectthe world economy in the coming year.Special attention in analysis has been paid to the new business paradigm related touse and role of data. It was highlighted that digitization generates vast amounts of datathat offer many opportunities for business, human well-being, and the environment. As aresult, new capabilities and opportunities arise for business with the ecosystem of cooperationand partnership, as well as collaboration of stakeholders.The core of changes in digitalization is reskilling and upskilling of the workforce accountingnew workplaces and new requirements for them. It is recognized that talentmanagement and creative people selection can be the main engine in future transformationof economics, and workforce becomes an effective pole for investments. At the sametime, it is argued that remote worker is outside the scope of corporate protection, and virtuallyany production information, like human capital, becomes much more vulnerablein such conditions and requires appropriate cybersecurity methods.As a conclusion, it is articulated that the ability of companies to use big data is beginningto play a significant role in the economy, which in turn requires the involvementand training of data processing and analysis specialists. The direction of professions thatis being actively formed recently — data science — is one of the most priority in the labormarket. At the same time, the labor market needs skills and abilities in the field of interpersonalcommunication (soft skills), which are able to ensure the effective operation ofpeople and systems of hybrid intelligence «human-artificial intelligence».For the further research it has been recommended a comprehensive study of protectionof objects and subjects of intellectual property in open networks.

scholarly journals Integrated Reporting’s Impact on Corporate Governance: Study in Asean Capital Market

2020 ◽  
Vol 9 (1) ◽  
pp. 1
Author(s):  
Shanti Shanti ◽  
Bambang Tjahjadi ◽  
I Made Narsa
Keyword(s):  
Corporate Governance ◽  
Financial Reporting ◽  
Family Business ◽  
Capital Market ◽  
Positive Impact ◽  
Mining Industry ◽  
Financial Information ◽  
Integrated Reporting ◽  
Statistical Program ◽  
The Impact

<p class="JurnalASSETSABSTRAK">ABSTRACT</p><p>Integrated reporting (IR) that merges the firm's financial and non-financial information into one single reporting is the latest evolution of corporate financial reporting today. This study purposes to examine the impact of the implementation of IR on corporate governance, especially family business in the mining industry listed on the ASEAN capital market in the 2014-2017 period. The results of the study based on the Stata 14.2 statistical program concluded that the implementation of IR has a positive impact on corporate governance in the ASEAN capital market, i.e. the implementation of IR drivers changes in behavior and perceptions in corporate governance (reporting driven behavior), thus making corporate governance more effective.</p><p><em>ABSTRACT</em></p><p><em>Pelaporan terintegrasi (IR) yang menyatukan informasi keuangan dan non-keuangan perusahaaan ke dalam satu pelaporan tunggal merupakan evolusi pelaporan keuangan perusahaan terbaru saat ini. Penelitian ini bertujuan untuk meneliti dampak penerapan pelaporan terintegrasi (IR) terhadap tata kelola perusahaan, khususnya perusahaan keluarga dalam industri pertambangan yang terdaftar di pasar modal ASEAN tahun 2014 s.d. 2017. Hasil penelitian berdasarkan program statistik Stata 14.2 menyimpulkan bahwa penerapan pelaporan terintegrasi (IR) berpengaruh positif terhadap tata kelola perusahaan di pasar modal ASEAN, yaitu bahwa penerapan pelaporan terintegrasi (IR) memicu terjadinya perubahan perilaku dan persepsi dalam tata kelola perusahaan (reporting driven behavior), sehingga menjadikan tata kelola perusahaan menjadi lebih efektif.</em></p>

scholarly journals Impact of human capital on sustainable development of Russia in digitalization environment

2021 ◽  
Vol 244 ◽  
pp. 11038
Author(s):  
Victor Medennikov ◽  
Tatiana Kokuytseva ◽  
Oksana Ovchinnikova ◽  
Alexey Shimansky
Keyword(s):  
Sustainable Development ◽  
Human Capital ◽  
Well Being ◽  
Russian Society ◽  
Types Of Knowledge ◽  
The Social ◽  
Innovative Solutions ◽  
On Line ◽  
The Impact

Studies of human capital at the present stage of human development are extremely relevant, since at present human capital is steadily transforming from a factor of economic development into a target for its sustainable development. The paper proposes the basic tool i.e. a new mathematical model for assessing the impact of human capital on social well-being and development of Russian society. It uses the interdependencies among the criteria of human capital and general development. The tool proposed in paper will be powerful for improving and increasing the quality of human capital, improving the social welfare of society, bringing the most effective innovative solutions to the economy. The Human Capital can be assessed in particular by publications, proceedings, and other types of knowledge representation on the websites. And also all this materials can be automatically placed in other databases, including in Elibrary which can also be a parameter of a model. The assessments of the impact of human capital on social well-being and the development of regions and countries can be obtained automatically on-line.

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