Slobodianyk Yulia, Doctor of Economics, Professor, Professor of the Audit Department, Kyiv National Economic University named after Vadym Hetman, Kyiv, Ukraine

ORCID ID: 0000-0002-5838-2342
e-mail: yslobodyanik@ukr.net

Syrotenko Nataly, PhD (Economics), Associate Professor of the Department of Accounting and Auditing, Odessa National Economic University, Odessa, Ukraine

ORCID ID: 0000-0002-4572-6505
e-mail: nsirotenko@ukr.net

Management Report: Qualitative Characteristics and Experience of Its Preparation by Passenger Transport Enterprises

Abstract. Introduction. Companies’ efforts to provide information in response to stakeholder requests were embodied in the preparation of various corporate governance and management reports, which led to the development of appropriate standards in this area. At the same time, issues such as the structure of the reports accompanying the financial statements for the various stakeholders, the order of presentation and the appropriateness of including certain financial and non-financial indicators continue to be relevant.

Purpose. The purpose of the study is to determine the qualitative characteristics of the management report based on an analysis of regulatory requirements for its preparation, the experience of its preparation by domestic passenger transport enterprises and comparison with the best international practices.

Results. It is advisable to distinguish the qualitative characteristics of the management report on the content of the report (accuracy and completeness; objectivity and impartiality; materiality of disclosed information; relevance and comprehensibility; reasonableness and persuasiveness of conclusions), and on the form of its presentation (clarity and accuracy; logical presentation; informativeness; data visualization (graphs, tables, images, photos, etc.). The content analysis of the management reports of the domestic passenger transport enterprises has been carried out. Positive and negative aspects of these reports are revealed. They are compared with best practice.

Conclusions. The preparation of the management report requires considerable management effort, in particular, the additional time spending, the involvement of qualified specialists to provide quality information coverage, including the social and environmental activities of the enterprise. Simultaneously, the regulator should generate a positive attitude in the public to disclose certain information in the management report, which will help the state and the society to take timely measures to create a more sustainable environment, to ensure accountability of enterprises and to achieve the goals of sustainable development.

Keywords: management report; financial statements; integrated reporting; quality of reporting; sustainable development; environmental performance; social responsibility; passenger transport.

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