• Larysa Hnylytska Vadym Hetman Kyiv National Economic University



social responsibility of business, accounting paradigm, risk-oriented accounting, social reporting, digitalization of accounting, risk, professional judgment


The article is devoted to the justification of the modern paradigm of accounting, based on the principles of concepts of sustainable development and social responsibility of business. The purpose of the research is to clarify organizational and methodological aspects of the functioning of the existing accounting system in Ukraine and determine the directions for further improvement of information support of socially responsible business from the positions of: 1) expansion of accounting objects, taking into account the impact on the accounting system of complications of management processesI, increasing the uncertainty of the external environment, increasing the role of digitization of society; 2) increasing the requirements for the components of social reporting (taking into account the needs of users) with the obligatory observance of common principles of preparation of accounting information; 3) continuity of professional education of accountants to increase their qualifications and prestige of the profession; 4) activation of professional organizations of accountants and auditors when justifying proposals for the creation of information infrastructure adequate to the requirements of the market economy in the interests of all members of society. To achieve this goal, the need to improve the methodology of accounting and reporting of domestic enterprises in three interdependence areas: risk-orientedness is scientifically substantiated; social focus; digital-oriented. At the level of practical developments in terms of improving the accounting policy of domestic enterprises, the results of scientific research aimed at solving specific problems in the field of socially oriented accounting are presented.

Author Biography

Larysa Hnylytska, Vadym Hetman Kyiv National Economic University

Doctor of Sciences (Economics), Professor, Professor of the Department of Accounting and Consulting of Vadym Hetman Kyiv National Economic University, Kyiv, Ukraine


Brukhansky R.F. Change of management paradigms as a factor in the development of accounting: strategic aspect. Accounting and finance. 2014. № 3 (65). P. 15-20.

Beyko O.V. Accounting in the information support system for managing sustainable development of the enterprise. Scientific bulletin of Kherson State University. Issue 10. 2015. 165-170.

Hnytska L.V. Accounting and analytical support of economic security of enterprises: monograph. Kyiv: KNEU, 2012. 305 p.

Godniuk I.V., Semenishena N.V. Social accounting and reporting as instruments of social responsibility. Podolsky Bulletin. 2017. №26. P. 131-140.

Zhigley I.V. Evolution of accounting in the context of the development of social relations. Problems of the theory and methodology of accounting, control and analysis. 2009. Issue 1 (13). 64-74.

Winterkova L.A., Veretnikova Y.V. Interrelation of different types of accounting in the condition of the information space of the economic entity. URL: http://olimpiks. ru/d/1340546/d/zhurnal_ vypusk_ (date of appeal: 15.02.2021).

Kulynych M. Deepening the content of objects and the method of accounting in the conditions of digitalization of the economy. Economic magazine of The Eastern European National University named after Lesya Ukrainka. 2019. № 2. P. 128-135.

Levitska S.O. Social accounting: methodical approach and organizational support. Bulletin of Lviv Polytechnic National University. 2014. № 797. P. 255-262.

Mossakovsky V., Kononenko T. The concept of accounting in Ukraine Accounting and auditing. 2009. №11. P.8-13

On amendments to the Constitution of Ukraine (regarding the strategic course of the state for acquiring full membership of Ukraine in the European Union and in the North Atlantic Treaty Organization) to improve some provisions: Law of Ukraine of 07.02.2019 No. 2680-VIII / Verkhovna Rada of Ukraine. URL: /laws/ show/ 2680-19#n2 (hit 21.02.2021)

On approval of methodological recommendations for the preparation of the management report: Order no. 982 of 07.12.2018 / Ministry of Finance of Ukraine. URL: v0982201-18 (date of appeal 12.02.2021).




How to Cite

Hnylytska, L. (2021). IMPACT OF THE CONCEPT OF SUSTAINABLE DEVELOPMENT ON THE ACCOUNTING PARADIGM. Economics, Finance and Management Review, (1), 60–66.



Chapter 2. Development of Finance, Accounting and Auditing