Accounting and Analytical Support for Cost and Value Added Management: The Way to Sustainable Development

Current trends of financial and non-financial reporting development lead to greater interconnection and intersection of accounting methods and means, which in turn will activate the analytical component. This ultimately leads to the organization of accounting and analytical support system for sustainable development. The purpose of the article is to confirm the scientific and practical hypothesis about theoretical and methodological ability of the Accounting Institute to solve the problem of information support for the implementation of the global (and national) sustainable development policy. This goal was achieved by accounting/analytical support and mathematical analysis of the quadratic correlation and regression dependence of the added value of enterprises on the size of social and environmental costs. First math analysis results indicate a reverse U-shaped curve, and indicates the following trend: firstly, insignificant increase social expenditures at the beginning lead to a rapid increase in the added value of enterprises (the growth rate of added value is larger than social expenditures), secondly, the moment comes, the accumulated social expenditures begin slow down the growth rate of value added of enterprises. Second analysis gives evidence of a U-shaped quadratic dependence of value added on environmental costs of enterprises. Analyzing the data of the correlation coefficient of micro and small enterprises, we can conclude that value added is significantly dependent on environmental costs. Less dependence can be seen in medium and large enterprises, but also sufficient. The analysis showed that social / environmental costs lead to an increase in the added value of the enterprise to varying degrees. At the same time, the integrated reporting formation mitigates the risks of enterprise value loss. Finally, the accounting method (reporting) is a tool for sustainable development. Integrated reporting should be formed and issued not only by larger enterprises, but also by medium and small companies. This ultimately leads to the sustainable development of the region, industry, country, etc.