Integrated Reporting: A Retrospective and Perspective in Ukraine

After the financial and social crises of the late XX - early XXI century, the civilized world became interested in the possibilities of expanding reporting by the inclusion to the reporting forms the information revealing the goals and results of sustainable development policies. The purpose of the article is to form the basic principles of the restoration of integrated reporting in Ukraine, taking into account the IRC standards, approaches to reporting on sustainable development and the capabilities of modern information and communication technologies. The prerequisites for improving the information capabilities of financial and statistical reporting were detected and historical milestones of the development and implementation of standards of integrated reporting were disclosed. The analysis of legislative changes in the field of accounting in Ukraine aimed at the development of financial and non-financial reporting was made. The evaluation of the existing in Ukraine structure of the annual accounting reporting of agricultural enterprises in the context of integrated reporting was carried out. It was revealed that the methodology of the Soviet extended reporting had a complex character - it was formed by the accounting services of enterprises, but additionally accumulated the data of the agronomic, zootechnical, planning, engineering and other services. It was proved that in the absence of a clear standardization of the process of drawing up integrated reporting, the Ministry of Finance of Ukraine should not implement, but adapt the international provisions of integrated financial reporting to the institutional conditions of Ukraine. Such adaptation should be carried out in compliance with a number of key principles: 1) from simple to complex; 2) the historical heredity; 3) the priority of standardization; 4) the generalization. According to the author, Ukrainian scientists and accounting practical workers have the experience of rationally building extended (integrated) reporting, and therefore there will be no methodological or methodical problems to make it once again.