Integration as a Foundation for the Establishment of a New Model of Accounting Reporting in Agrarian Organization
BL.I. Khoruzhy1, T.N. Gupalova2, Yu.N. Katkov3
1L.I. Khoruzhy, Russian State Agrarian University – MAA named after K.A. Timiryazev, Moscow, Russian Federation.
2T.N. Gupalova, Russian State Agrarian University – MAA named after K.A. Timiryazev, Moscow, Russian Federation.
3Yu.N. Katkov, Russian State Agrarian University – MAA named after K.A. Timiryazev, Moscow, Russian Federation.
Manuscript received on 02 June 2019 | Revised Manuscript received on 10 June 2019 | Manuscript published on 30 June 2019 | PP: 3064-3070 | Volume-8 Issue-8, June 2019 | Retrieval Number: H7054068819/19©BEIESP
Open Access | Ethics and Policies | Cite | Mendeley | Indexing and Abstracting
© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The establishment of integrated reporting in agribusiness organizations is substantiated in the present article. Particular attention is paid to the issues related to studying the impact of market development on the evolution of the reporting models in organizations.The purpose of the study is to create an integrated reporting model for agribusiness organizations, with due consideration for the impact of innovation, competitiveness, and interrelation with the environment in order to secure the sustainability and independence of an organization in a global saturated market that will fully provide the stakeholders with information on the values and efficiency of the sustainable development of the organization.Methods: monographic, abstract logical, economic mathematical, and comparison methods have been used in this study.Results: transformation of national accounting models has been reflected with due consideration for globalization processes; description of the requirements for reporting in agribusiness organizations, being interrelated with the general scientific systematization laws, has been provided; benefits from the integration of agribusiness organizations have been identified; and a three-factor model of integrated reporting in agribusiness organizations has been presented. Conclusions: the presented three-factor accounting reporting model can provide its users with not only basic but also extended information required for making sound managerial decisions in agribusiness organizations and secure their sustainable development.
Keyword: Agribusiness, fractal, Integrated reporting, International financial reporting standards, Sustainable development.
Scope of the Article: Foundations of Communication Networks.