Accounting & Analytical Aspects of Non-Financial Reporting Formation by Ukrainian Companies

Today non-financial reporting is the main tool for managing and informing stakeholders about the level of corporate social responsibility. Proper preparation of non-financial statements requires adequate information support and sets particular requirements for the accounting system. The purpose of the article is to investigate the content and structure of non-financial reporting as a tool of corporate social responsibility, as well as to substantiate the importance and directions of forming a system of social and environmental accounting in companies to ensure proper preparation of non-financial reporting. Non-financial reports of the six largest companies in Ukraine were selected as the object of study. The content of key standards for non-financial reporting was considered. The analysis of non-financial reports of well-known domestic companies prepared according to GRI standards was performed. Also, advantages and disadvantages in the preparation of the investigated reporting were identified. The performance targets of the socially responsible activity of the companies were grouped into the following areas: personnel management, interaction with consumers, interaction with society, environmental management, and economy. The economic essence of the concepts of "corporate social responsibility", "socially responsible business", "social accounting" was disclosed. As an information base for the preparation of non-financial statements, authors propose the system of social and environmental accounting which includes social and environmental financial accounting, social and environmental management accounting, social and environmental controlling and social and environmental audit. The characteristics of these components were presented and the objects of social and environmental accounting were defined. The necessity of using additional subaccounts in the working Accounting chart of accounts and the importance of standardizing non-financial reporting at the national level were emphasized.