Modern Trends and Issues of Corporate Reporting Data Disclosure on Organization Activities

Abstract

The major objective of this study is to review trends and ways to improve the disclosure of organization activities in corporate reporting in the context of increasing stakeholders’ needs. The object of study is financial and non-financial companies’ reporting. The achievement of this goal included realization of following tasks: 1) to reveal the background of non-financial company reporting maintenance and to identify the stages of corporate reporting model evolution; 2) to examine and validate the process of integrated reporting concept formation and promotion at international scale as it is the main trend of corporate reporting improvement; 3) to identify and disclose problems of non-financial reporting formation and presentation; 4) to study the development of corporate reporting standardization with regard to the disclosure of non-financial information on company’s activities; and 5) to assess the prevalence of non-financial reporting within Russian corporate practices. The study involves comparative analysis of the Guide to Sustainability Reporting and the International Integrated Reporting Council. According to its results, non-financial reporting, remaining voluntary, becomes common practice and evidence of a strong corporate culture. In conclusion, the article introduces the directions of non-financial reporting further development, implementation of which could expand the corporate practice of its formation throughout the world.

DOI: 10.5901/mjss.2016.v7n3p212