ADAPTATION OF ACCOUNTING TO THE REQUIREMENTS OF SUSTAINABLE DEVELOPMENT STRATEGIC APPROACHES AND ALGORITHM FOR INTEGRATING NON-FINANCIAL REPORTING
Abstract
The article is devoted to the adaptation of accounting to the requirements of sustainable development in the context of global and national challenges, in particular in the context of martial law in Ukraine and European integration processes. The need to integrate environmental, social and management indicators into internal accounting procedures is substantiated to ensure transparency, compliance with international standards (CSRD, ESRS, GRI, SASB) and increase investment attractiveness. Strategic approaches to the transformation of accounting systems are studied, including reactive and proactive models, as well as step-by-step and integrated implementation of non-financial metrics. Key barriers to the implementation of non-financial reporting are systematized, including technological (limited compatibility of information systems), personnel (deficit of competencies), regulatory (inconsistency of national standards with European requirements) and economic (high costs of digitalization and audit). The author’s algorithm for the phased integration of ESG indicators is proposed, which includes diagnostics of information needs, modification of accounting policies, implementation of digital tools (automated platforms, iXBRL format) and internal control and audit mechanisms. Particular attention is paid to the impact of martial law, which complicates data collection and requires flexible accounting models to reflect environmental and social challenges. The results of the study offer practical recommendations for harmonizing national standards with European ones, training specialists and creating a digital infrastructure for automating reporting. The practical value of the article lies in the development of a universal algorithm adapted to the conditions of the transformation economy, which helps reduce regulatory and reputational risks, as well as increase the competitiveness of enterprises in international markets. The materials can be used to form corporate ESG strategies, modernize accounting systems and develop national methodological guidelines.
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