Consolidated Reporting on the Road from the Age of Trust to the Time of Dilettantism

Abstract

The article is devoted to discussion of the possibility of periodization of development of practice of formation of consolidated reporting within the classification of the stages of development of Western civilization, suggested by A. Giddens. A hypothesis of the possibility of periodization of development of practice of accounting and consolidated reporting as activities on formation of information about economic facts and processes in the light of general periodization of development of world perception in Western culture, as well as an assumption that formation of such periodization could be a tool for apprehension of this practice in modern conditions, are made. Three stages of development of practice of presentation and use of accounting and reporting data are marked out - the time of «faith», «trust» and «dilettantism» . The suggested periodization is considered as the basis for characterization of the current state of the consolidated reported institute. It is shown on the basis of the studies by F Hayek, M. McLuhan and N. Bolz how the development of information and communication technologies starts to treat compliance with information requests of dilettante as key characteristic of reporting data. The latter, when reflected in processes of deprofessionalisation of consolidated reporting, stimulates the practice of presentation of new nonfinancial consolidated reporting.