Actual problems of innovative economy and law

Journal "Actual problems of innovative economy and law" is included in category B for specialties: in the field of knowledge "Management and administration": 073, 076 (order of the Ministry of Education and Science of Ukraine dated 23.08.2023 No. 1035) and 071, 072, 075 (order of the Ministry of Education and Science of Ukraine dated 12.20.2023 No. 1543); in the field of knowledge "Social and behavioral sciences" 051 (order of the Ministry of Education and Science of Ukraine dated August 23, 2023 No. 1035); in the field of knowledge "Law" - 081 and "Public management and administration" - 281 (order of the Ministry of Education and Science of Ukraine dated 12.20.2023 No. 1543).
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The concept of accounting and analytical support for sustainable business development management

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УДК: 657.01:330.34

DOI: https://doi.org/10.36887/2524-0455-2024-3-15

Rudenko Serhii,
Candidate of Science (in Economics), Associate Professor, Associate Professor of the Accounting, Auditing and Taxation Department,
State Biotechnological University,
https://orcid.org/0000-0002-2874-1957
Nakisko Oleksandr,
Candidate of Science (in Economics) Accounting, Associate Professor, Associate Professor of the Auditing and Taxation Department,
State Biotechnological University,
https://orcid.org/0000-0003-3789-2455
Ryzhikova Natali,
Doctor of Science (in Economics), Professor, Professor of the Accounting, Auditing and Taxation Department,
State Biotechnological University,
https://orcid.org/0000-0002-3019-8172
Khakhaliev Dmytro,
Candidate of Science (in Economics),
the tax department of strategic assets,
https://orcid.org/0009-0007-4861-3550

The article proposes the conceptual foundations of accounting and analytical support for managing the sustainable development of business entities. It also offers comprehensive proposals for reporting on the achievements of these entities. The accounting system for sustainable development, based on the principle of the Global Reporting Initiative, is not just unique and important, but it is also comprehensive. It provides information for strategic business planning, performance measurement, and active public involvement in the dialogue on quality of life and sustainable development at different levels – national, regional and corporate. The system’s advantage lies in its ability to use conventional accounting tools, such as financial reports, to measure and report on socio-ecological-economic development. It is a subsystem of the three areas of sustainability – economy, society and environment, and includes various types of data that can be combined into systemic indicators. The author’s own scheme of the concept of accounting and analytical support for the management of sustainable business development is proposed, which is based on the vision of the need for an integrated approach to the collection, processing, analysis and use of information for decision-making aimed at achieving sustainable development of the company. This concept considers the social, environmental and economic areas of the organization to ensure a balance between profitability, social responsibility and environmental protection. It is determined that integrated reporting should be prepared based on the most common and well-developed practices that have been described in relation to international GRI standards. The implementation of these practices in the operations of Ukrainian enterprises will create a database for the development of strategies for managing sustainable development and providing them with appropriate financial and other resources.

Keywords: sustainable development management, integrated reporting, environmental accounting, social accounting, Global Reporting Initiative (GRI).

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The article was received 02.04.2024