THE ISSUES OF SUSTAINABLE DEVELOPMENT INFORMATION MANAGEMENT IN COMMERCIAL ORGANIZATIONS

Abstract

The publication of the standards of the IFRS-Sustainability series, and in particular the IFRS-S standards, which came into force on January 1, 2024, set new requirements for financial information management, in particular, setting the problem of identifying the risks and opportunities of activities formed by the main provisions of the concept of sustainable development.

However, the information formed in the account registers of commercial organizations with traditional information flows is essentially retrospective and does not take into account sustainable development goals in the foreseeable future. Therefore, the formation of a new management structure acquires primary importance, which, in the opinion of the author, should target the application of accountability approaches that correspond to the organization's sustainable development goals and the appropriate measurability resulting from it.

The article presents the transformation from an information system with traditional, retrospective nature and operational goals to an integrated financial information flow management system aimed at the foreseeable future and sustainable development. As tools, the definition of key activity indicators corresponding to strategic objectives and the development of comprehensive assessment mechanisms, which becomes possible in the context of improving the management accounting policy, were considered.