The Integrated Reporting Philosophy in Business Strategy

Authors

Armen HAKOBYAN Armenian State University of Economics, Yerevan, Armenia https://orcid.org/0000-0001-9884-5404
Armen TSHUGHURYAN Armenian State University of Economics, Yerevan, Armenia https://orcid.org/0000-0002-9244-9280
Gevorg MARTIROSYAN Armenian State University of Economics, Yerevan, Armenia https://orcid.org/0000-0002-1776-1151

DOI:

https://doi.org/10.24234/wisdom.v25i1.978

Keywords:

philosophy of integrated reporting, integration of financial and non-financial reporting, business strategy for sustainable development, integrative philosophical thinking

Abstract

In relation to the reports published by organizations, today not only financial information is required, but also information related to sustainable development. Philosophical approaches of the beneficiaries using the information have changed. Currently, organizations are faced with the task of representing not only the economic interest of an enterprise, but also the contribution of the organization in forming the additional result pursuing sustainable development.

The purpose of the article is to present a new philosophical framework of reports published by organizations, as a result of which philosophical approaches to sustainable development, revised philosophical foundations of business strategy construction were revealed. Recommendations were made in the direction of building a philosophical concept for the dissemination of financial and non-financial integrated reports.

Downloads

Download data is not yet available.

References

Accounting for sustainability: From sustainability to business resilience. (2018). IFAC. Retrieved February 2, 2023, from https://www.ifac.org/system/files/publications/files/IFACJ3441_Accounting_for_sustainability_FINALWEB.pdf

Adams, C. A., & Larrinaga, C. (2019). Progress, engaging with organizations in pursuit of improved sustainability accounting and performance. Accounting, Auditing & Accountability Journal, 32, 2367-2394. https://doi.org/10.1108/AAAJ-03-2018-3399 DOI: https://doi.org/10.1108/AAAJ-03-2018-3399

Al Mahameed, M., Belal, A., Gebreiter, F., & Lowe, A. (2020). Social accounting in the context of profound political, social and economic crisis: The case of the Arab Spring. Accounting, Auditing & Accountability Journal, 34, 1080-1108. https://doi.org/10.1108/AAAJ-08-2019-4129 DOI: https://doi.org/10.1108/AAAJ-08-2019-4129

Alodat, A., Salleh, Z., Hashim, H., & Sulong, F. (2021). Corporate governance and firm perfor-mance: Empirical evidence from Jordan. Journal of Financial Reporting and Accounting, 20(5), 866-896.8, 34-47 doi: 10.1108/JFRA-12-2020-0361 DOI: https://doi.org/10.1108/JFRA-12-2020-0361

Amoako, K., & Amoako, I. (2022). Formal and informal sustainability reporting: an insight from a mining companyís subsidiary in Ghana. Journal of Financial Reporting and Accounting, 7, 45-64. doi: 10.1108/JFRA-12-2020-0368 DOI: https://doi.org/10.1108/JFRA-12-2020-0368

Bebbington, J., & Unerman, J. (2020). Advancing research into accounting and the UN sustainabil-ity development goals. Accounting, Auditing & Accountability Journal, 33, 1657-1670. Re-trieved February 2, 2023, from https://eprints.lancs.ac.uk/id/eprint/145073/1/AAAJ_AAM_of_Advancing_research_into_accounting_and_the_UN_sustainable_development_goals.pdf DOI: https://doi.org/10.1108/AAAJ-05-2020-4556

Busco, C., Consolandi, C., Eccles, R. G., & Sofra, E. A. (2020). Preliminary analysis of SASB re-porting: Disclosure topics, financial relevance, and the financial intensity of ESG materi-ality. Journal Applied Corporate Finance, 32(2), 117-125. https://doi.org/10.1111/jacf.12411 DOI: https://doi.org/10.1111/jacf.12411

Cho, C., Kim, A., Rodrigue, M., & Schneider, T. (2020). Towards a better understanding of sus-tainability accounting and management research and teaching in North America: A look at the community. Sustainability Accounting, Management and Policy Journal, 11, 985-1007. doi: 10.1108/SAMPJ-08-2019-0311 DOI: https://doi.org/10.1108/SAMPJ-08-2019-0311

Demir, M., & Min, M. (2019). Consistencies and discrepancies in corporate social responsibility reporting in the pharmaceutical industry. Sustainability Accounting, Management and Pol-icy Journal, 10, 333-364. doi: 10.1108/SAMPJ-03-2018-0094 DOI: https://doi.org/10.1108/SAMPJ-03-2018-0094

Tshughuryan, A. (2022). Conseptual issues of accounting development. Finance and Accounting Scientific Journal, 1(9), 31-44. Retrieved February 2, 2023, from http://iatc.am/pub/Journal_2(10)_2022.pdf

Tshughuryan, A., Hakobyan, A., Grigoryan, L., & Bayadyan, A. (2022). The philosophy of assets fair value presentation in financial statements. WISDOM, 24(4), 152-158. https://doi.org/10.24234/wisdom.v24i4.962 DOI: https://doi.org/10.24234/wisdom.v24i4.962

Downloads

Published

2023-03-25

How to Cite

HAKOBYAN, A., TSHUGHURYAN, A., & MARTIROSYAN, G. (2023). The Integrated Reporting Philosophy in Business Strategy. WISDOM, 25(1), 169–176. https://doi.org/10.24234/wisdom.v25i1.978

Download Citation

Endnote/Zotero/Mendeley (RIS)

Issue

Vol. 25 No. 1 (2023): 1-2023

Section

Articles

License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Creative Commons Attribution-Non-Commercial (CC BY-NC). CC BY-NC allows users to copy and distribute the article, provided this is not done for commercial purposes. The users may adapt – remix, transform, and build upon the material giving appropriate credit, and providing a link to the license. The full details of the license are available at https://creativecommons.org/licenses/by-nc/4.0/.