INTEGRATED REPORTING AS A NEW APPROACH TO CHARACTERISTICS OF THE BUSINESS-UNIT

The purpose of this study is a critical analyze of the current practice of Russian companies in the preparation of non-financial reports to identify factors that can contribute to the development of integrated reporting methodology. Based on the review of different approaches to the conceptual presentation of integrated information, a number of serious problems have been identified that prevent the spread of non-financial reporting, in particular, the high costs of collecting, interpreting and presenting large amounts of reporting information, the predictive difficulties in calculating targets for a long-term perspective period, the imbalance of information interests of various stakeholders. The analysis of the practice of integrated reporting in Russia revealed the structure of reporting companies, taking into account the scale of business and industry. The transparency of non-financial reporting of the largest oil and gas corporations was analyzed, the General condition of which indicates the need in the development of the Institute of verifiability of non-financial reports. To improve the reliability of integrated reporting, some measures to form a unified information base of company development ratings in the form of an Internet portal, where stakeholders will be able to immediate search and compare integrated information about companies were proposed. The structure of non-financial information reporting recommended for Russian organizations has been developed, the use of which will improve transparency and investment attractiveness. (c) 2019 Published by Future Academy www.FutureAcademy.org.UK