On Improving the Definition of Reporting and its Place in the Enterprise Development Strategy

Abstract

The interpretations of the concept of «reporting» have been considered according to different sources and an own vision of this category has been suggested based on an analysis of the tendency of relations in the economic sphere. Also an own interpretation of accounting as a process has been suggested. The need to correctly define reporting in terms of the overall enterprise strategy and formation of the correct stakeholders’ perception of reporting as an information array has been substantiated. The authors have clarified the place of the non-financial reporting in the overall development strategy of enterprise and demonstrated the appropriateness of providing interested users with full information about the activities of enterprise. The main possibilities for introducing an open reporting mechanism have been indicated.

Keywords

• reporting
• definition
• classification
• accounting
• strategy