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The evolution of the financial performance statement within the framework of the concept of sustainable development

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  • N. V. Tkachuk

Abstract

The subject of the article is the development trends of the financial results statement. The study is based on the analysis of documents regulating the preparation of financial statements according to Russian and international standards, as well as the main provisions of the concept of sustainable development. The features of the financial results statement effective in 1996 are presented. The article substantiates significant changes in the income statement from 1996 to 2023. The main documents regulating the presentation of financial performance report indicators are highlighted. An analysis was carried out of the appearance of indicators reflecting the result of the revaluation of fixed assets and intangible assets and the total financial result of the period. Changes in the financial results statement introduced in the reporting generated from 2025 are highlighted. A conclusion is drawn about the advantages of bringing domestic reporting forms closer to IFRS. The need to include expenses in line with the concept of sustainable development in the financial performance report has been identified. The importance of reflecting the elements of the concept of sustainable development should be reflected in the accounting (financial) statements is substantiated. The foundations for the development of accounting (financial) reporting in our country are determined: IFRS and the concept of sustainable development.

Suggested Citation

  • N. V. Tkachuk, 2024. "The evolution of the financial performance statement within the framework of the concept of sustainable development," Entrepreneur’s Guide, JSC “Publishing Agency “Science and Educationâ€, vol. 17(3).
    • Handle: RePEc:ahc:journl:y:2024:id:1972
    DOI: 10.24182/2073-9885-2023-17-3-76-81
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