INTEGRATED REPORTING IN THE POST-WAR RECOVERY OF UKRAINE’S ECONOMY: ACCOUNTING AND INSTITUTIONAL DIMENSIONS

Анотація

The article provides a theoretical framework for understanding the role of integrated reporting as an instrument for ensuring transparency, accountability, and increasing the investment attractiveness of business entities under conditions of the post-war recovery of Ukraine’s economy. Particular attention is focused on the transformation of the functional purpose of corporate reporting in a war economy, which determines the need to expand the boundaries of disclosure regarding enterprise activities. It has been proven that the accounting, assessment, and disclosure of losses caused by military actions acquire system-forming significance, since they determine the scale of the loss of economic potential and form the informational basis for managerial decision-making and attracting financial resources for recovery. It is substantiated that the traditional financial reporting system is limited in reflecting the comprehensive nature of such losses, due to its orientation mainly toward financial indicators and the insufficient level of disclosure of non-financial aspects. In this context, integrated reporting is considered as an instrument for the systematic reflection of the impact of war-related factors on enterprise activity, ensuring the combination of financial and non-financial parameters, the disclosure of the transformation of various types of capital, and the assessment of the entity’s ability to recover. A conceptual model for integrating loss accounting into the integrated reporting system has been proposed, which reflects the logic of transition from the recognition of losses to the formation of the economic results of recovery. It has been demonstrated that the use of integrated reporting contributes to reducing information asymmetry, increasing the level of trust on the part of investors, international financial institutions, and other stakeholders, and also creates prerequisites for the effective integration of the national economy into the European economic space. It has been determined that the further development of integrated reporting in Ukraine requires further improvement of the regulatory framework, methodological tools, digital reporting processes, and professional competencies.

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