METAMORPHISM AND ISOMORPHISM OF FORMS AND TYPES OF REPORTING FOR THE PURPOSES OF ANALYSIS AND MANAGEMENT OF ECONOMIC ENTITIES
Abstract
New challenges and threats arising in the modern economic system require constant monitoring and analysis of various types of reporting by business entities and clarification of its components. In this context, the question of clarifying the directions and composition of the influence of metamorphism and isomorphism on the forms and types of reporting for the formation of a comprehensive system of final data, necessary for the analysis of the activities of enterprises, in order to reduce the level of risks, becomes especially relevant. The modern concept of metamorphism and isomorphism of forms and types of reporting is substantiated from the standpoint of considering them as tools for increasing the informativeness of generalizing data and improving the analyticity of reported information. Essential signs of isomorphism and metamorphism regarding the forms and types of reporting of economic entities, which are based on the requirements of sustainable development, international integration and standardization, have been identified. At the same time, emphasis is placed on taking into account the needs of improving the processes of analysis and management in the activities of modern business entities to promote their better adaptation to new requirements and challenges, as well as ensuring the development of effective strategies. The concept of metamorphism is proposed in the plane of qualitative development of a strategic program for the development of a business entity on the basis of taking risks into account in the process of activity, adapting to market changes and ensuring better stability and higher competitiveness. According to the results of the conducted scientific research, the categories of the concept of metamorphism (adaptation to changes, innovation and transformation, risk management, creation of strategic partnerships, improvement of the management process, creation of competitive advantages) are distinguished and the specifics of their application in the management process are described. Presentation of relevant examples of the effective implementation of metamorphism concepts in the practice of enterprise management will allow analysts to quickly assess, as well as adjust and make effective management decisions thanks to the correct choice of the direction of application of such a tool. In order to achieve the comprehensiveness of the development of the conceptual foundations of the forms and types of reporting in modern conditions, there is a need to conduct a theoretical substantiation of the concept of isomorphism in combination with the use of modern information technologies not only for accounting and reporting, but also for the purposes of strategic planning.
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Yasseen Y., Nerine Stegmann N., Crous F. (2020) An Investigation into the Legitimisation of the Role of the Professional Accountant within South African SMEs. Journal of Accounting and Management, vol. 10, no. 2, рр. 7-19.
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