CONCEPTUAL VIEW OF MANAGEMENT ACCOUNTING IN BUSINESS STRUCTURES OF THE AGRICULTURAL SECTOR THAT IMPLEMENT THE CONCEPT OF SUSTAINABLE DEVELOPMENT BASED ON THE ESG STRATEGY

Abstract

The transformations which are going on in our country, dictated by the construction of an information economy, the implementation of the concept of sustainable development based on the ESG strategy, focusing on environmental (E), socio-economic (S) and management (G) issues. The realisation of strategic plans of the sustainable development of business structures in the agro-industrial complex determines the modern gradation of accounting and information support for management processes and decisions, which is an extremely complex task due to the limitation of goal setting, limitations of theoretical views, factual, objective and instrumental basis of the traditional management accounting system, its absence of focus on the information interests of modern management and inability to facilitate the implementation of ESG strategy, the formation of ESG reporting, which shows the level of achievement of environmental, social and governance performance goals. The use of a complex of general and specific scientific methods of cognition, the provisions of the concept of sustainable development, and the ESG strategy have made it possible to develop a fundamentally new concept of management accounting in business structures of the agro-industrial complex, which specifies its purpose, objectives, principles, functions, and object basis, and allows for the formation of ESG reporting, ensuring high-quality accounting and information support for sustainable development management. For the purpose of organizational and methodological support for management accounting of this conceptual idea, the following have been developed: a scheme and algorithm for creating a strategic development map of an agricultural market entity, necessary for defining and identifying of accounting objects important for the implementation of the ESG strategy; the management accounting system, broken down into its main structural elements; categories of financial/non-financial accounting indicators characterizing the achievement of the ESG strategy goals; the concept of ESG reporting that defines the goal and basic principles, specifies the objectives and functions that follow from them, and reveals the structure and content of the reporting indicators.