Reporting of non-financial information
- Credits: 8
- Ending: Examination
- Range: 4S
- Year: 1
- Faculty of Economic Informatics
Teachers
Included in study programs
Indicative content
The course is aimed at understanding the importance of the complexity of information for creating an integral image of the enterprise, which includes non-financial information. It aims to prepare students for flexible adaptation in the field of accounting, in particular reporting in the context of sustainability and digitization, with the ability to contribute to the development of reporting theory and the potential for their use in both practice and research.
Brief outline of the course:
• Image of the undertaking and the possibility of its detection, assessment of the quality of the information.
• Sustainable finance at transnational, national and corporate level in the context of the SDG objectives
• Reporting and disclosure of non-financial information in Slovakia
• Reporting and disclosure of sustainability on a transnational scale – frameworks and standards
• Corporate social responsibility and its environmental, social, and economic aspects
• The needs of non-financial information of the various stakeholder groups and the link to decisions
• Business strategy and business models in the context of non-financial information and sustainability
• Sustainable development of the enterprise, its elements, tools, and procedures.
• Linking financial and non-financial information
• Management commentary, management report, annual report, separate sustainability report
• Procedural aspects of reporting in an entity
• Different reporting formats in the context of digitization and artificial intelligence
Availability of non-financial information for stakeholder decision-making and for scientific activities at Slovak and international level
Support literature
1. Directive 2014/95/EU amending Directive 2013/34/EU as regards the disclosure of non-financial and diversity-related information by certain large enterprises and groups
2. Directive 2017/1132 of the European parliament and of the Council concerning certain aspects of company law, e.g., in relation to the disclosure of non-financial information in access to information and cross-border data flow
3. Non-financial disclosure guidelines (non-financial disclosure methodology) (2017/C 215/01)
4. Guidelines for the disclosure of non-financial information: climate-related reporting supplement (2019/C 209/01).
5. EU Taxonomy for Sustainable Activities (Regulation (EU) 2020/852 (Taxonomy) and subsequent implementing and delegated acts.
6. European Financial Reporting Advisory Group. Activities of the preparation of the CSRD directive and ESRS standards. Available at:
7. https://www.efrag.org/Activities/2105191406363055/Sustainability-reporting-standards-interim-draft
8. Sustainability reporting standards and frameworks (e.g., GRI, ISSB),
9. Accounting Act, Commercial Code, and other national and supranational regulations
Literature will be continuously updated with the latest scientific and professional resources.
Syllabus
1. Image of the undertaking and the possibility of its detection, assessment of the quality of the information. 2. Sustainable finance at transnational, national and corporate level in the context of the SDG objectives 3. Reporting and disclosure of non-financial information in Slovakia 4. Reporting and disclosure of sustainability on a transnational scale – frameworks and standards 5. Corporate social responsibility and its environmental, social, and economic aspects 6. The needs of non-financial information of the various stakeholder groups and the link to decisions 7. Business strategy and business models in the context of non-financial information and sustainability 8. Sustainable development of the enterprise, its elements, tools, and procedures. 9. Linking financial and non-financial information 10. Management commentary, management report, annual report, separate sustainability report 11. Procedural aspects of reporting in an entity 12. Different reporting formats in the context of digitization and artificial intelligence 13. Availability of non-financial information for stakeholder decision-making and for scientific activities at Slovak and international level
Requirements to complete the course
52 hours: seminars
52 hours: preparation for the seminars
50 hours: preparation of the team project
26 hours: preparation of the individual seminar work
8 hours: participation in colloquium
20 hours: preparation for the final exam
Student workload
Achievement of at least 51 % of the total points attributed for the team project, seminar work and final exam.
Language whose command is required to complete the course
slovak
Date of approval: 10.02.2023
Date of the latest change: 08.01.2022