REGULATORY MEANS OF ACCOUNTING INFORMATION ON INNOVATION CAPITAL DISCLOSURE: COMPARATIVE ANALYSIS
Abstract
A comparative analysis of the means of regulating additional disclosure of accounting information on innovative capital has made it possible to establish that they currently lack unity in terms of what information should be disclosed. First of all, this is due to the absence of innovative capital as a separate reporting object in any of these means of regulating. Therefore, information on innovative capital is usually disclosed partially and fragmentarily, which does not allow stakeholders to obtain a systematic vision of the state, opportunities and prospects of the enterprise's innovative activity. This necessitates their improvement in order to solve the problem of disclosing relevant and reliable information on the enterprise's innovative capital for interested stakeholders, in particular, by supplementing them with financial and non-financial indicators, as well as high-quality narrative information. The need for analysis of concepts that ensure regulation of additional disclosure of accounting information on innovation capital has been grounded. The requirements of the conceptual framework, sustainability accounting standards (SASB), and GRI standards for disclosure of information on the innovative capital of an enterprise have been analyzed. The possibilities of the WEF Conceptual Framework, DVFA and EFFAS recommendations, and the German Sustainability Code for disclosure of information on the role of the innovative capital of an enterprise in solving sustainable development problems have been investigated. The evolution of requirements for disclosure of information on the innovative capital of an enterprise in the EU Directives (2013/34/EU, 2014/95/EU, 2022/2464/EU) has been analyzed. The requirements for disclosure of information about the innovative capital of an enterprise in the Management Report in Ukraine have been considered. The differences between the existing means of regulating additional disclosure of accounting information on innovative capital in terms of the content of such information and the form of its presentation have been identified. The trends in the disclosure of accounting information about the innovative capital of an enterprise have been identified and described.
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