Non-financial reporting of organizations: Stages and procedures of preparation

Abstract

Subject. This article discusses the areas of concern associated with the stages and procedure for preparing non-financial reporting of organizations of various forms of management. Objectives. The article aims to explore the theoretical foundations and practical aspects of data preparation for non-financial reporting, systematize the factors characterizing the sustainable development of an economic entity, and present the principles of formation of non-financial reporting of the company. Methods. For the study, we used comparison, data systematization and generalization. Results. The article identifies areas of concern in the field of formation of data of non-financial reporting of an enterprise in modern economic conditions, presents the factors that influence the social sphere of activity of economic entities, and identifies key aspects that can be reflected in reporting that characterize the sustainable development of an economic entity. Conclusions and Relevance. Corporate social responsibility of business is not a contribution to socially significant and environmental projects only, its importance is due to economic efficiency for the business itself. The results of the study can be applied both in the development of the theory of reporting on sustainable development, and in the practice of socioeconomic activities of an economic entity in the context of sustainable business development.