INTEGRATED REPORTING AS A TOOL FOR OPTIMIZING AGRICULTURAL ENTERPRISES

Abstract

The purpose of the article is to reveal the meaning and formation of integrated reporting as a tool for optimizing agricultural enterprises. Research methodology. To achieve the goal, the article used the following research methods: synthesis (for combining information and integrated reporting), modeling (studying integrated reporting to create its model), a systems approach (considering the object of research as a holistic system), and document study.. Results. In recent years, there has been growing interest in integrated reporting, which combines financial and non-financial indicators. The International Integrated Reporting Council (IIRC) published the first version of its framework for integrated reporting in 2013. Changes to the Integrated Reporting Framework were made in 2021. In recent decades, issues of sustainable development, European integration, and disclosure of information about non-financial aspects of agricultural enterprises have become increasingly relevant. These are issues that are of interest to both the internal management system and investors. Therefore, the complex combination of financial and non-financial data led to the creation of such a form of reporting as integrated reporting. The article examines the purpose, main components of integrated reporting and its formation by agricultural enterprises. Practical significance of the research results. Some approaches to defining the concept of "integrated reporting" are analyzed. A basic model for creating integrated reporting is formed, which reveals the main directions such as: a comprehensive combination of information, future orientation, team formation with modern thinking, and transparency of information in integrated reporting. Since little attention is paid to the agricultural sector, it is proposed to pay more attention to agricultural enterprises and the peculiarities of their formation of various forms of reporting on both financial and non-financial issues. For agricultural enterprises, integrated reporting should be significant, meaningful, informative, and not just formal, as relevant information will contribute to increasing their economic efficiency. Not many works are devoted to the problematic issues of compiling and submitting tax reports by agricultural enterprises. But in this article we want to highlight the importance of reflecting the significance of taxation for agricultural enterprises in integrated reporting and the issue of tax transparency. It should be important to study the issue of taxes in terms of studying the protective function of the management system and their response to tax evasion both in the notes to financial statements and in other forms of reporting.