RECOGNITION OF NATURAL CAPITAL IN FINANCIAL REPORTING IN THE CONTEXT OF THE SOCIO-ECONOMIC PARADIGM: PRACTICE OF THE REPUBLIC OF MOLDOVA AND INTERNATIONAL EXPERIENCE
In the context of ensuring sustainable development, the activity of a business unit has come to be seen as a three-component system designed to provide reliable information about the contribution of business to the social and environmental segments of the economy. This trend led to the transition to...
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| Format: | Article |
| Language: | English |
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University of Agricultural Sciences and Veterinary Medicine, Bucharest
2022-01-01
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| Series: | Scientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development |
| Online Access: | https://managementjournal.usamv.ro/pdf/vol.22_3/Art28.pdf |
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| _version_ | 1849692082205097984 |
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| author | Irina GOLOCHALOVA Maria COJOCARU |
| author_facet | Irina GOLOCHALOVA Maria COJOCARU |
| author_sort | Irina GOLOCHALOVA |
| collection | DOAJ |
| description | In the context of ensuring sustainable development, the activity of a business unit has come to be seen as a three-component system designed to provide reliable information about the contribution of business to the social and environmental segments of the economy. This trend led to the transition to the socio-economic paradigm of financial reporting, which predetermines its revolutionary transformations, one of which is finding ways to recognize natural capital (NC) and disclose information about its impact on the value of the business as a whole. This article puts forward and proves the hypotheses, which leads to the following conclusion: the recognition of NC as an element of financial reporting is an imperative of the socio-economic reporting paradigm. This study was conducted on the basis of general scientific and special methods: systematic approach, collection and comparison, analysis, synthesis, modeling, study of special literature. The justification of the hypotheses is carried out according to the following scheme: the current state of natural capital of the Republic of Moldova is assessed; the national accounting and financial reporting system is characterized in the context of the requirements of the socio-economic paradigm; methodological aspects of the recognition of natural capital as an element of financial reporting are analyzed; an algorithm and arguments of the NC recognition model based on the provisions of IFRS are proposed. |
| format | Article |
| id | doaj-art-9a8bcd17a073405da48d4ae21a874a1b |
| institution | DOAJ |
| issn | 2284-7995 2285-3952 |
| language | English |
| publishDate | 2022-01-01 |
| publisher | University of Agricultural Sciences and Veterinary Medicine, Bucharest |
| record_format | Article |
| series | Scientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development |
| spelling | doaj-art-9a8bcd17a073405da48d4ae21a874a1b2025-08-20T03:20:50ZengUniversity of Agricultural Sciences and Veterinary Medicine, BucharestScientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development2284-79952285-39522022-01-01223269278962RECOGNITION OF NATURAL CAPITAL IN FINANCIAL REPORTING IN THE CONTEXT OF THE SOCIO-ECONOMIC PARADIGM: PRACTICE OF THE REPUBLIC OF MOLDOVA AND INTERNATIONAL EXPERIENCEIrina GOLOCHALOVAMaria COJOCARUIn the context of ensuring sustainable development, the activity of a business unit has come to be seen as a three-component system designed to provide reliable information about the contribution of business to the social and environmental segments of the economy. This trend led to the transition to the socio-economic paradigm of financial reporting, which predetermines its revolutionary transformations, one of which is finding ways to recognize natural capital (NC) and disclose information about its impact on the value of the business as a whole. This article puts forward and proves the hypotheses, which leads to the following conclusion: the recognition of NC as an element of financial reporting is an imperative of the socio-economic reporting paradigm. This study was conducted on the basis of general scientific and special methods: systematic approach, collection and comparison, analysis, synthesis, modeling, study of special literature. The justification of the hypotheses is carried out according to the following scheme: the current state of natural capital of the Republic of Moldova is assessed; the national accounting and financial reporting system is characterized in the context of the requirements of the socio-economic paradigm; methodological aspects of the recognition of natural capital as an element of financial reporting are analyzed; an algorithm and arguments of the NC recognition model based on the provisions of IFRS are proposed.https://managementjournal.usamv.ro/pdf/vol.22_3/Art28.pdf |
| spellingShingle | Irina GOLOCHALOVA Maria COJOCARU RECOGNITION OF NATURAL CAPITAL IN FINANCIAL REPORTING IN THE CONTEXT OF THE SOCIO-ECONOMIC PARADIGM: PRACTICE OF THE REPUBLIC OF MOLDOVA AND INTERNATIONAL EXPERIENCE Scientific Papers Series : Management, Economic Engineering in Agriculture and Rural Development |
| title | RECOGNITION OF NATURAL CAPITAL IN FINANCIAL REPORTING IN THE CONTEXT OF THE SOCIO-ECONOMIC PARADIGM: PRACTICE OF THE REPUBLIC OF MOLDOVA AND INTERNATIONAL EXPERIENCE |
| title_full | RECOGNITION OF NATURAL CAPITAL IN FINANCIAL REPORTING IN THE CONTEXT OF THE SOCIO-ECONOMIC PARADIGM: PRACTICE OF THE REPUBLIC OF MOLDOVA AND INTERNATIONAL EXPERIENCE |
| title_fullStr | RECOGNITION OF NATURAL CAPITAL IN FINANCIAL REPORTING IN THE CONTEXT OF THE SOCIO-ECONOMIC PARADIGM: PRACTICE OF THE REPUBLIC OF MOLDOVA AND INTERNATIONAL EXPERIENCE |
| title_full_unstemmed | RECOGNITION OF NATURAL CAPITAL IN FINANCIAL REPORTING IN THE CONTEXT OF THE SOCIO-ECONOMIC PARADIGM: PRACTICE OF THE REPUBLIC OF MOLDOVA AND INTERNATIONAL EXPERIENCE |
| title_short | RECOGNITION OF NATURAL CAPITAL IN FINANCIAL REPORTING IN THE CONTEXT OF THE SOCIO-ECONOMIC PARADIGM: PRACTICE OF THE REPUBLIC OF MOLDOVA AND INTERNATIONAL EXPERIENCE |
| title_sort | recognition of natural capital in financial reporting in the context of the socio economic paradigm practice of the republic of moldova and international experience |
| url | https://managementjournal.usamv.ro/pdf/vol.22_3/Art28.pdf |
| work_keys_str_mv | AT irinagolochalova recognitionofnaturalcapitalinfinancialreportinginthecontextofthesocioeconomicparadigmpracticeoftherepublicofmoldovaandinternationalexperience AT mariacojocaru recognitionofnaturalcapitalinfinancialreportinginthecontextofthesocioeconomicparadigmpracticeoftherepublicofmoldovaandinternationalexperience |