Accounting support for the management of foreign economic activity of enterprises in the context of the principles of integrated reporting

Abstract

Abstract. The relevance of the article is determined by the need to modernize accounting systems to ensure transparency, accountability, and strategic orientation of information necessary for effective management of foreign economic activity (FEA) of enterprises. The purpose of the study is to conceptualize approaches to the formation of an information model for accounting support of FEA management of enterprises based on the principles of integrated reporting and sustainable development. Methods. The research methodology is based on a combination of methods of analysis and synthesis, comparison, a systematic approach, grouping, abstract-logical generalization, and graphical representation. Results. The requirements for the transformation of accounting information for management purposes and integration into accounting systems of non-financial data reflecting the economic, environmental, and social aspects of foreign economic activity have been determined. An information model of accounting support has been proposed, which covers the stages of data collection, processing, integration, and the formation of a comprehensive information base to support management decisions. The principles of integrated reporting and sustainable development that contribute to the creation of value for stakeholders have been identified. Foreign economic activity accounting objects have been structured with the identification of types of activities, sources of information, and risks. A system of relevant financial and non-financial indicators has been developed to assess the effectiveness of foreign economic activity in order to increase transparency and management efficiency. Conclusions. The implementation of the proposed approaches provides comprehensive, reliable, and timely information support for management decisions in the field of international cooperation, integrating not only financial but also economic, environmental, and social aspects. This contributes to increasing the transparency of accounting information and expands opportunities for making strategically sound decisions and sustainable development of the enterprise, increasing its competitiveness at the international level. Further research will be aimed at improving methods for assessing foreign economic activity risks and adapting accounting systems to digital technologies.