IMPROVING THE QUALITY AND INFORMATION CONTENT OF FINANCIAL AND STATISTICAL REPORTING IN THE FIELD OF LAND USE

Abstract

The purpose of this article is to examine the challenges of adapting reporting indicators for land use entities to enhance land resource management. This involves interpreting information about land resources in a way that facilitates operational analysis and control. An important aspect of effective land resource management is the function of monitoring, which is achieved through the collection and analysis of land use indicators. To ensure effective management, it is essential to establish an accounting and analytical system for land use entities that meets contemporary requirements. This system will provide the necessary information for planning, forecasting, organisation, control, and protection in the pursuit of balanced land use. The accounting and analytical data required for making sound management decisions should be organised and reflected in the financial and statistical reports of land use entities. Overall, such reports should include a comprehensive list of relevant indicators and data concerning land conditions. This will ensure that assessments of land use entities are adequate, real, and objective. This article summarises the findings regarding how land resources are presented in the financial statements of business entities, in accordance with current regulatory frameworks and national accounting standards. To better represent the characteristics of land resources in financial reporting and to build a reliable information base that meets the needs of land resource management, the article suggests enhancing financial reporting forms to improve their informational value related to land use. Integrated reporting is explored as an effective tool for increasing transparency by merging various information about land resources into a clear and user-friendly format. The article proposes introducing an integrated statistical observation form titled "Main Indicators of the State and Use of Land Resources." Utilising this form of statistical reporting in land use will help create a cohesive, macro-level information system that reflects both the quantitative and qualitative status of the land. Additionally, it will establish a solid foundation for determining accurate market prices for land.