Open AccessACCOUNTING FOR NATURAL CAPITAL AS AN IMPERATIVE OF THE SOCIO-ECONOMIC PARADIGM OF FINANCIAL STATEMENTS: THE CURENT STATE AND PROSPECTS OF THE REPUBLIC OF MOLDOVA
Author(s) -
Irina Golochalova
Publication year - 2021
Publication title -
vestnik polockogo gosudarstvennogo universiteta. seriâ d. èkonomičeskie i ûridičeskie nauki
Language(s) - English
Resource type - Journals
eISSN - 2710-1916
pISSN - 2070-1632
DOI - 10.52928/2070-1632-2021-58-13-16-23
Subject(s) - natural capital , context (archaeology) , accounting , sustainable development , capital (architecture) , financial capital , business , accounting information system , economic system , economics , finance , economic growth , political science , human capital , ecology , archaeology , ecosystem , ecosystem services , law , biology , history , paleontology
In the context of the implementation of the concept of sustainable development, the business unit activities are interpreted as a three-component system, including the economic, social, environmental segments of the economy. This trend led to the transition to the socio-economic paradigm of financial statements, which predetermines its deep transformations, one of which is to find ways to recognize natural capital and disclosure of information on its influence on the value of the business as a whole.During the study, the author nominated hypotheses: H1 - recognition and accounting of natural capital is imperative in the context of the implementation of the socio-economic development model; N2 - current in the Republic of Moldova (PM) there is no effective methodology for the financial accounting of natural capital, as a factor in the development of the environmental subsystem of the business unit, and their rationale is given according to the scheme: the imperativeness of the institutional platform of the mechanism of business interaction and natural capital is argued when moving to social -Economic development model; The state of the designated institutional platform in the PM is analyzed; A model of recognition of natural capital on the basis of IFRS is proposed; The overall assessment of the RM financial statement system in the context of its compliance of the concept of sustainable development is given.