Subject The article determines the content of non-financial reporting which respective parties may need in pursuit of transparent, diverse and meaningful information to evaluate corporate performance and make decisions. Objectives The research reviews the improvement of corporate performance disclosure in corporate reporting in terms of the observable trends and aspects to be addressed, considering growing needs of stakeholders. Methods The research deploys general methods, such as analysis, synthesis, specification, generalization, comparison, abstraction, analogy, and historical, logic and systems approaches. Results The article reports on findings of the research into the development of non-financial reporting, its standardization and corporate practices of using it worldwide and in the Russian Federation. I summarize findings of the analysis of key non-financial reporting models and methodological reporting approaches, which was performed to assess the informative and analytical value of non-financial reporting disclosure of corporate performance. I propose and substantiate a mechanism for ensuring the appropriate informative value of non-financial reporting. The mechanism coordinates standards, regulatory, legislative and methodological principles for non-financial reporting in accordance with distinctions of a company, its goals and priorities, and needs of parties concerned. Conclusions and Relevance My conclusions and suggestions pursue a higher quality of information on value creation drivers and components of corporate sustainable development, better transparency and informative value of corporate non-financial reporting in accordance with stakeholders' need for reliable and useful information so that they could make informed and reasonable decisions.
Markota Vukić Nikolina, Vuković Renata, Calace Donato. Non-Financial Reporting as a New Trend in Sustainability Accounting. Journal of Accounting and Management, 2017, vol. 7, no. 2, pp. 13–26.
Jean Jacques du Plessis. Disclosure of Non-Financial Information: A Powerful Corporate Governance Tool. Company and Securities Law Journal, 2016, vol. 34, no. 1, pp. 69–74.
Khoruzhii L.I. [Conceptual provisions for the formation of public non-financial reporting]. Bukhuchet v sel'skom khozyaistve = The Journal of Accounting in Agriculture, 2017, no. 8, pp. 7–21. (In Russ.)
Get'man V.G. [The conceptual framework and the structure of international standard on integrated reporting]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2014, no. 44, pp. 2–15. URL: Link (In Russ.)
Samusenko S.A. [The concept of information asymmetry as a theoretical substantiation of phenomenn of public non-financial reporting]. Uchet. Analiz. Audit = Accounting. Analysis. Auditing, 2018, no. 3, pp. 6–15. URL: Link (In Russ.)
Vakhrushina M.A., Tolcheeva A.A. [Corporate reporting as the result of reports evolution of a company]. Vestnik Permskogo universiteta. Seriya: Ekonomika = Perm University Herald. Economy, 2017, vol. 12, no. 2, pp. 2–9. URL: Link (In Russ.)
Malinovskaya N.V. [Foreign experience in the preparation of integrated reporting]. Uchet. Analiz. Audit = Accounting. Analysis. Auditing, 2018, no. 3, pp. 54–61. URL: Link (In Russ.)
Efimova O.V. [Non-financial reporting in Russia: Opportunities and prospects of development]. Auditorskie vedomosti = Audit Journal, 2017, no. 9, pp. 30–39. (In Russ.)
Rozhnova O.V., Sidneva V.P. [Adaptation of guidelines of non-financial reporting to the Russian economic conditions]. Ekonomika i predprinimatel'stvo = Journal of Economy and Entrepreneurship, 2018, no. 6, pp. 1049–1051. (In Russ.)
Khoruzhii L.I., Khoruzhii V.I., Gupalova T.N. [Methodology for the formation of non-financial information in integrated reporting]. Bukhuchet v sel'skom khozyaistve = The Journal of Accounting in Agriculture, 2017, no. 9, pp. 9–28. (In Russ.)
Efimova O.V. [Matrix approach to formation and information disclosure of researchers in integrated reporting]. Auditorskie vedomosti = Audit Journal, 2017, no. 3, pp. 23–34. (In Russ.)
Kogdenko V.G., Mel'nik M.V. [Modern trends in business analysis: Studying the company's ecosystem, reviewing the business model's information content, evaluating growth opportunities]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2017, vol. 16, iss. 10, pp. 1878–1897. (In Russ.) URL: Link
Kogdenko V.G. [Analysis of integrated reporting: Intangible types of capital]. Innovatsionnoe razvitie ekonomiki = Innovative Development of Economy, 2016, no. 4, pp. 247–254. (In Russ.)
Barilenko V.I. [Solving business problems and sustainable development of economic subjects]. Menedzhment i biznes-administrirovanie = Management and Business Administration, 2015, no. 4, pp. 113–122. (In Russ.)
Bulyga R.P. [A concept of the Russian higher educational institutions]. Vestnik Finansovogo universiteta = Bulletin of the Financial University, 2015, no. 6, pp. 156–170. (In Russ.)
Alborov R.A., Kontsevaya S.M., Kozmenkova S.V. [Integrated reporting in agriculture: A structure and the problems of implementation]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2018, vol. 21, iss. 4, pp. 413–428. (In Russ.) URL: Link
Malinovskaya N.V., Malinovskii M.D. [Experience in preparing non-financial reporting by health organizations]. Bukhuchet v zdravookhranenii = Accounting in Healthcare, 2018, no. 6, pp. 21–26. (In Russ.)