УДК 657.37
DOI: https://doi.org/10.36887/2415-8453-2025-1-64
JEL classification: M41; G10
Changing business conditions, priorities, and values lead to a corresponding change in the provisions and standards that disclose their results for the management system. International accounting and financial reporting standards have significant advantages over national ones and reflect the latest transformations in the world economy. In the period from 2024, changes have taken place in such international standards as IFRS 18 “Presentation and Disclosure of Information in Financial Statements”, IFRS 19 “Subsidiaries without Public Reporting: Disclosures”. In 2025, changes are foreseen in the composition of the IFRS 19 “The Effect of Changes in Exchange Rates”, in the future IFRS 9 “Financial Instruments” and IFRS 7 “Financial Instruments”. In the context of recent global trends, international standards are increasingly focused on the values of sustainable development and contribute to a more accurate and transparent reflection of the results of companies’ activities and the activities of governments. Among the main characteristics of international accounting and financial reporting standards under the concept of sustainable development, the following were identified: transparency and comparability of reporting, integration of sustainable development principles, increasing stakeholder and investor confidence, ensuring compliance with regulatory requirements, supporting corporate governance, and integrating financial and non-financial reporting. Among the effects that manifest themselves as a connection between trends in the implementation of sustainable development values and the landscape of corporate reporting of companies, the main ones were identified: increasing the clarity, completeness, and clarity of financial and economic information; increasing the level of transparency and openness of business and management; increasing the effectiveness of resource use; improving the quality of state registration systems for data on economic entities; creating prerequisites for assessing and measuring the progress of positive sustainable changes. The article also analyzes the prospects for further unification of the accounting and reporting system of Ukraine with world standards in accordance with the adopted national strategy. Among them: accelerating Ukraine’s accession to the European Economic Area, attracting investment capital, entering global markets and receiving international grant assistance.
Keywords: accounting, reporting, management, sustainable development, regulations, business entities.
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The article was received 08.01.2025