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THE PURPOSE AND OBJECTIVES OF THE FORMATION THE INTEGRATED REPORTING AGRIBUSINESS FIRMS

Liudmila Khoruzhy, Tatyana Gupalova, Valery Khoruzhiy

The article proposes the author's approach to defining the goal and objectives of forming integrated reporting in agribusiness firms based on the value approach in the economic, social and environmental aspects of sustainability and development of economic entities. The purpose and objectives of reporting are one of the determining factors of the methodology. For agribusiness firms, this is particularly relevant due to the special nature of production, the focus of agribusiness firms on innovation in organizational, technical and technological aspects to maintain competitiveness and interconnection with society. Therefore, it is important for modern agribusiness firms to present financial and non-financial information in a single form about their activities in accordance with the values that determine normal economic activity in interactions with society in the short, medium and long term, which implies the need to formulate such goals and objectives its achievement, which align reporting with consistent steps to ensure the information needs of its interested users. For agribusiness firms, the goal of forming integrated reporting is to provide interested users with information on the direction and results of the firm’s development in economic, social and environmental aspects in order to meet the needs of the population with agricultural products and domestic products, improve and increase the productivity of land and other natural resources used in agriculture. ecosystem restoration and development of rural areas. Accordingly, to achieve the goal of forming integrated reporting of agribusiness firms, such tasks as: informing about the economic, environmental and social effectiveness of the organization; Demonstration of corresponding relationships between the values of the organization and the values of society; representation of the management of the organization’s resources and capital in enhancing the competitiveness of the organization and its products (works, services); control of factors affecting the implementation of the selected business model in enhancing the innovativeness of the organization and its products (works, services). Key words: value added, reporting users, development, strategy, value.

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