Browsing by Author "Chavleshvili, Nino"

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    Corporate sustainability reporting, goals and challenges
    (Ivane Javakhishvili Tbilisi State University Press, 2024) Maisuradze, Marina; Chavleshvili, Nino
    Corporate sustainability financial reporting focuses on integrating environmental, social, and governance (ESG) factors into financial disclosures. Here’s a summary of its goals and challenges: Goals: Transparency: Improve the clarity and accessibility of sustainability-related information for stakeholders, including investors, customers, and regulators. Accountability: Hold companies accountable for their sustainability commitments and performance, fostering trust among stakeholders. Decision-Making: Provide relevant data to help investors and management make informed decisions regarding sustainability risks and opportunities. Challenges: Data Collection and Quality: Difficulty in gathering accurate and comprehensive data on sustainability metrics, often due to lack of systems or standard definitions. Regulatory Complexity: Navigating a patchwork of evolving regulations and reporting requirements across different jurisdictions. Integration with Financial Reporting: Integrating ESG data with traditional financial metrics in a meaningful way remains complex and often inconsistent. Stakeholder Expectations: Balancing diverse stakeholder demands and expectations regarding sustainability reporting, which can vary widely. Resource Constraints: Limited resources (financial, human, technological) for companies, especially smaller ones, to invest in robust sustainability reporting practices. Overall, while the goals of corporate sustainability financial reporting are geared towards enhancing transparency and accountability, the challenges often stem from data limitations, regulatory landscapes, and the need for integration with traditional financial metrics.
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    Evaluative indicators and their impact on the reliability of financial statement information
    (Ivane Javakhishvili Tbilisi State University Press, 2023) Sreseli, Nana; Chavleshvili, Nino
    The article discusses the theoretical and practical aspects of determining the impact of evaluation indicators on the reliability of financial reporting. Valuation indicators are the determination of the value of assets and liabilities in the current conditions of economic activity. When preparing financial statements, in some cases it is inevitable not to accurately reflect the events, but to take into account professional judgment and approximate estimation models based on analytical reasoning and available information, in such conditions, the financial statements reflect estimates formed due to probable uncertainty or lack of accurate estimation. Such values are called estimates and are based on the approaches and concepts established in the conceptual foundations of financial reporting. Despite the fact that due to objective circumstances, it is impossible to develop an ideal financial statement corresponding to the conceptual foundations, it is still of crucial importance to prepare it in such a way as to improve the quality of usefulness of financial statements. The article discusses the basis of the generation of evaluative indicators and their impact on the usefulness of general purpose financial statements. The work also presents issues regulated by International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS), which relate to the assessment and revaluation of reserves in own capital.