АНАЛИЗА УСПЕШНОСТИ ИЗВЕШТАВАЊА О ОДРЖИВОСТИ ВЕЛИКИХ ПРЕДУЗЕЋА У РЕПУБЛИЦИ СРБИЈИ
ANALYSIS OF SUCCESSFUL REPORTING ON THE SUSTAINABILITY OF LARGE COMPANIES IN THE REPUBLIC OF SERBIA

Author(s): Veljko Dmitrović, Miroslav Čavlin
Subject(s): Business Economy / Management, Energy and Environmental Studies, Economic development, Environmental interactions, Accounting - Business Administration
Published by: Savez računovođa i revizora Republike Srpske
Keywords: sustainability reporting; sustainability accounting; non-financial reporting; integrated reporting; Republic of Serbia;
Summary/Abstract: In order to preserve the environment and social issues, there is a growing concern of stakeholders, and therefore they put pressure on companies to improve the quality of reporting on sustainable development and to increase their responsibility towards the environment. In any case, improving relations with stakeholders and significantly improving corporate reputation can contribute to adequate evaluation and disclosure of information about performance in the field of environmental protection and improving relations with society as a whole. The aforementioned has initiated many national governments to increase the scope of legal requirements for sustainability reporting. The traditional practice of classical (conventional) accounting is facing challenges brought about by the problems of sustainable development. There is a view on the part of certain authorities that the existing practice of classic (conventional) accounting should undergo serious changes in order to comply with the concept of sustainable development. On the other hand, there are justified opinions that classical (conventional) accounting cannot radically change its established rules for preparing financial statements, and there are justified opinions that classical (conventional) accounting cannot be expected to service all the needs of reporting on sustainable development. Therefore, there is a need to form a subvariant of classical accounting, called sustainability accounting

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