scholarly journals Improving the efficiency of corporate management of agricultural enterprises

2021 ◽  
Vol 262 ◽  
pp. 03001
Author(s):  
Sergey Yekimov ◽  
Vladimir Purtov ◽  
Ievgen Buriak ◽  
Dmytro Kabachenko ◽  
Anastasiia Poltorak
Keyword(s):  
Financial Stability ◽  
Financial Analysis ◽  
Management Accounting ◽  
Analysis Data ◽  
External Factors ◽  
Corporate Management ◽  
Financial Indicators ◽  
Agricultural Enterprises ◽  
Agricultural Enterprise ◽  
Strategic Goals

Financial indicators play an important role in the management of an agricultural enterprise. the tasks of the management of the agricultural enterprise are to control the efficiency of employees and maintain the financial stability of the enterprise. In this paper, the problem of ensuring effective management of an agricultural enterprise was investigated. The activity of an agricultural enterprise depends on the influence of external factors: political and legal, technical and economic, ecological and economic, demographic, socio-cultural. We studied the question of how to take into account the influence of variable external factors in the management of an agricultural enterprise. Traditional methods based on financial analysis data, in our opinion, do not fully reflect the situation in the agricultural enterprise. International management accounting standards are optional, but they allow for the use of more flexible indicators in management accounting that take into account the activities of a particular agricultural enterprise. This will facilitate short - and medium-term planning at the agricultural enterprise and facilitate the achievement of the enterprise’s tactical and strategic goals.

scholarly journals ESTIMATION OF FINANCIAL STABILITY OF AGRARIAN ENTERPRISES IN UKRAINE

2021 ◽  
pp. 40-52
Author(s):  
Nadia Davidenko ◽  
Natalia Wasilewska
Keyword(s):  
Risk Management ◽  
Financial Stability ◽  
Financial Sustainability ◽  
Enterprise Integration ◽  
Financial Decisions ◽  
Agricultural Enterprises ◽  
Factors Influencing ◽  
Governance Systems ◽  
The Face ◽  
Strategic Goals

In this paper the system of factors influencing the formation of financial solvency was investigated, the financial sustainability of agricultural enterprises of Ukraine was evaluated, and an approach was developed to define and help ensure the financial sustainability of enterprises in the face of contemporary economic and market challenges. According to the research, the main principles for maintaining financial sustainability are: responsiveness to internal and external changes; governance systems; risk management; analysis of financial ratios; real assessment of the financial solvency of the enterprise; integration with the overall management system; orientation towards achieving the strategic goals of the enterprise; use of qualitative methods to inform financial decisions in the face of uncertainty and risk.

scholarly journals FORMATION OF THE SYSTEM OF MANAGEMENT OF THE PERFORMANCE OF MARKETING ACTIVITY OF AGRARIAN ENTERPRISES ON THE BASIS OF A SYSTEM OF BALANCED INDICATORS

2020 ◽  
pp. 95-108
Author(s):  
Olga Varchenko ◽  
Iryna Artimonova ◽  
Iryna Herasymenko
Keyword(s):  
Agricultural Sector ◽  
Business Development ◽  
Marketing Activity ◽  
Agricultural Enterprises ◽  
Theoretical Approaches ◽  
Agricultural Enterprise ◽  
Marketing Activities ◽  
Strategic Goals ◽  
Methodological Approaches ◽  
Business Orientation

Introduction. In an unstable market environment, it is quite difficult to objectively evaluate the effectiveness of marketing activities for agricultural enterprises using traditional methodological approaches. We believe that now there is a need to develop methodological approaches that will help to establish the relationship in the marketing management system, taking into account the changing market conditions and the resource potential of the agricultural enterprise. Methods. The following methods are used to achieve this goal, namely: methods of monographic comparative analysis and specific methods in the field of analysis of theoretical and analytical foundations of marketing activities to determine the strategic prospects of marketing activities, identify effective measures to improve marketing activities in agricultural enterprises. Research methods are based on theoretical developments and scientific tools, which includes analysis and evaluation of formulated methodological approaches to assess the effectiveness of management of marketing activities of agricultural enterprises on the basis of quantitative and qualitative indicators. The research methodology also provides for the generalization of scientific sources that explore the rational aspects of management and increase the effectiveness of marketing activities of enterprises in the agricultural sector of Ukraine. Results. Theoretical approaches to understanding the management of enterprise marketing activities are summarized, and the distinction and fundamental relationship between the categories «marketing performance» and «marketing efficiency» are established. It has been found that the main purpose of these categories is to achieve the desired results, in which the achievement does not take into account the method and the costs incurred, and the efficiency takes into account the way with the resources expended. The formation of a holistic system for managing the effectiveness of marketing activities is achieved through synchronization of the process of influencing marketing tools in order to create an overall synergistic effect. We have developed a balanced system of indicators of the enterprise to evaluate the effectiveness of marketing activities of the enterprise, which considers the specific activity and business orientation of the agricultural enterprise. It is proved that, depending on strategic goals, business orientations of agrarian enterprise are determined, which set the future vector of business development, therefore marketing activity should promote business development. Discussions. Promising areas of further research are the development of methods for analyzing the cost-effectiveness of marketing activities in the agricultural sector. Keywords: management, marketing complex, business orientation, strategic goals, performance, efficiency, production resources.

scholarly journals Organizational and methodological approach to managing financial flows of agricultural enterprises

2020 ◽  
Vol 164 ◽  
pp. 10009 ◽  
Author(s):  
Alsou Zakirova ◽  
Guzaliya Klychova ◽  
Gamlet Ostaev ◽  
Evgenia Zaugarova ◽  
Almaz Nigmetzyanov ◽  
...  
Keyword(s):  
Management Accounting ◽  
Methodological Approach ◽  
Enterprise Management ◽  
Financial Strategy ◽  
Financial Flows ◽  
Agricultural Enterprises ◽  
Agricultural Enterprise ◽  
Methodical Approach ◽  
Main Components

Management accounting and management of an agricultural enterprise includes strategic planning and regulation of financial flows. Therefore, at the present stage, the development of measures to develop management accounting and improve the management of financial flows of agricultural enterprises is a significant problem. Management accounting and management of financial flows is the management of cash (financial) flows arising in the process of promotion of tangible and intangible assets. Besides, in the process of management accounting there is a purposeful distribution of financial resources in the logistic financial system of an agricultural enterprise. Management of financial flows is carried out both for the internal environment of the agricultural enterprise and for the external environment. The aim of the article is the justification of theoretical provisions and development of organizational and methodical approach to management of financial flows of agricultural enterprises in the system of management accounting. Objectives of the research: to determine the main components, directions and mechanism of development in the management accounting of financial strategy; to develop a method of management accounting for management of financial flows of developing enterprises, planning to expand their activities in the long term.

scholarly journals Investment attractiveness in the system of management and business reputation of agricultural enterprises

2021 ◽  
pp. 125-138
Author(s):  
O. Shust ◽  
Yu. Grinchuk ◽  
I. Paska ◽  
K. Tkachenko
Keyword(s):  
Management System ◽  
Financial Stability ◽  
Business Processes ◽  
General Characteristic ◽  
Added Value ◽  
Reputation Management ◽  
Agricultural Enterprises ◽  
Agricultural Enterprise ◽  
The Impact

The article considers the issue of increasing the investment attractiveness of agricultural enterprises in terms of the effectiveness of their management system and business reputation. It is proved that in the conditions of digital transformation of the economy, as well as the manifestation of crisis phenomena, in particular, the Covid-19 pandemic, certain adjustments are made in business processes, which requires agricultural enterprises to improve the quality of management and management system in general. It is established that the effectiveness and quality of management are indicators of the level of development of the management system, which characterize the potential and actual levels of potential of the management system of any business entity. It is substantiated that the business reputation of an agricultural enterprise in terms of digitalization is a decisive factor in increasing the investment attractiveness of the organization, and the quality of the management system is characterized by the degree of development of senior managers and professionalism of employees who contribute to achieving business reputation. The components of the formation of external and internal business reputation of the enterprise, which determine the added value, are systematized in the form of a reputational premium that its owner can receive when selling his organization on the market. The definition of investment attractiveness of an agricultural enterprise as a general characteristic that reflects the efficiency and reliability of investing in the development of the enterprise includes the state, innovation and efficiency of its assets, their liquidity, solvency and financial stability, as well as strategic prospects for the industry. It is proved that the quality of the management system of the enterprise affects the business reputation of the enterprise, the awareness of investors about the profitability of the business, the profitability of shares, which contributes to the intensification of investment activities. The system of a balanced system of indicators has been adapted to assess the impact of business reputation on the investment attractiveness of an agricultural enterprise. It is substantiated that in order to protect investments, the shareholder exercises managerial influence on the enterprise, increasing investment attractiveness is formed by the investment management subsystem and the dividend management subsystem. Key words: investment attractiveness, business reputation, management system, agricultural enterprise.

scholarly journals THEORETICAL ASPECTS OF ASSESSMENT OF FINANCIAL SUSTAINABILITY OF AGRICULTURAL ENTERPRISES

2021 ◽  
Author(s):  
Oksana Pavlenko ◽  
◽  
Diana Kogushko ◽  
Keyword(s):  
Financial Stability ◽  
Agricultural Development ◽  
Legal Framework ◽  
Normative Values ◽  
Financial Sustainability ◽  
Agricultural Enterprises ◽  
Financial Condition ◽  
Agricultural Enterprise ◽  
The Absolute ◽  
High Level

The article examines the essence of the concept of “financial stability of the enterprise” and different views on its interpretation by domestic scientists. The methodical bases of an estimation of financial stability of the enterprise to which calculation and the analysis of absolute indicators and relative indicators most often belong are considered. Their explanations, formulas for calculation and normative values of these indicators are given. Theoretical aspects of the influence of factors on the provision of financial stability are also given, because this is one of the most important conditions for life, development and further stable provision of a high level of competitiveness of the enterprise. Namely, the factors that are divided into independent of the enterprise and those that directly depend on the internal situation and development of the enterprise were considered. The existing methods of analysis of financial stability of the enterprise are considered and explained. The main ones are aggregate, coefficient, margin, point, balance, integral and factorial methods, as well as the most suitable methods for determining the financial stability of the agricultural enterprise. The application of the main indicators of financial stability of an agricultural enterprise as an indicator of financial stability of the enterprise and solvency is given and substantiated. The main types of financial stability of the enterprise are also given and explained, namely the absolute type, normal, pre-crisis and crisis. The main tasks and prospects of agricultural development are determined. In addition, the main problems in the calculation of indicators and the overall assessment of the financial condition of the agricultural enterprise are identified. The issues that need urgent solution and improvement are proposed to further improve the financial stability of the agricultural enterprise. The main ones are the improvement of the legal framework of Ukraine, to improve the regulation of relations between participants in agriculture, the development of new indicators for assessing the financial condition of agricultural enterprises and revision of regulatory values of these indicators in connection with the specifics of this industry.

scholarly journals The methodological aspects of assessment of solvency and liquidity of agricultural enterprises

2020 ◽  
pp. 27-32
Author(s):  
Inna DVORNYK
Keyword(s):  
Financial Stability ◽  
Balance Sheet ◽  
Systematic Analysis ◽  
Agricultural Enterprises ◽  
Agricultural Enterprise ◽  
Priority Task ◽  
Rational Management ◽  
Balance Sheet Liquidity ◽  
Business Entities ◽  
Methodological Aspects

In modern conditions, the search for opportunities to strengthen the financial position and increase financial stability becomes a priority task of business entities, which is solved by means of a comprehensive systematic analysis of the enterprise. The purpose of the paper is to analyze the existing methodological approaches to assess the liquidity and solvency of an agricultural enterprise and to determine the directions of their improvement. Solvency is the presence in the enterprise of funds for repayment by them in due time and in full of their debt obligations arising from credit and other transactions of a monetary nature. Liquidity is a way to maintain solvency. Liquidity of an enterprise includes the concepts of liquidity and balance sheet liquidity. The article summarizes the classification of assets and liabilities of the balance sheet and defines the conditions of its absolute liquidity. The method of estimation of solvency and liquidity indicators is presented. The main factors, that influence the on the level of solvency of an agricultural enterprise, are summarized: nature of the enterprise activity, stock status, terms of settlements with debtors, state of accounts receivable. Areas of increase of solvency are distinguished: ensuring balance of assets and liabilities, increase of sales volumes and reduction of expenses, coordination of plans of production and sale, ensuring of uninterrupted work of the enterprise, attraction of long-term loans for financing of capital expenses, rational management of available financial resources, including determination of optimal volumes of production stocks control over the shipment of products, compilation of receivables, management of receivables, the collection of receivables in the next period, the use of modern forms of refinancing.

scholarly journals MANAGEMENT ACCOUNTING: MANAGEMENT OF FINANCIAL FLOWS OF AGRICULTURAL ENTERPRISES

2018 ◽  
Vol 13 (3) ◽  
pp. 135-140
Author(s):  
Гамлет Остаев ◽  
Gamlet Ostaev ◽  
Борис Хосиев ◽  
Boris Hosiev ◽  
Айгуль Клычова ◽  
...  
Keyword(s):  
Agricultural Production ◽  
Raw Materials ◽  
Management Accounting ◽  
Materials Management ◽  
Present Stage ◽  
Financial Flows ◽  
Production Sector ◽  
Agricultural Enterprises ◽  
Accounting Management ◽  
Agricultural Enterprise

At the present stage, the development of measures for management accounting, management and improvement of financial flows for agricultural enterprises is a significant problem. Financial flows for agricultural enterprises are a necessary measure for the development of not only the agricultural production sector, but also the processing of agricultural raw materials. Management accounting and management of an agricultural enterprise include strategic planning and regulation of financial flows. Management accounting and management of financial flows - is the management of the movement of cash (financial) funds, which arose in the process of promoting commodity-material and intangible values. In addition, in the process of management accounting, a purposeful allocation of financial resources in the logistical financial system of the agricultural enterprise is carried out. Management of financial flows is carried out both for the purposes of the internal environment of the agricultural enterprise, and for the external environment.

scholarly journals Analysis of Trends in the Development of Agricultural Enterprises and the Formation of Operating Profit

2021 ◽  
Vol 37 ◽  
pp. 00187
Author(s):  
Lyubov Vinnichek ◽  
Dina Badmaeva
Keyword(s):  
Business Processes ◽  
Financial Analysis ◽  
Economic Criterion ◽  
Agricultural Enterprises ◽  
Operating Profit ◽  
Agricultural Enterprise ◽  
Important Direction ◽  
Specific Factors ◽  
Agricultural Business

In agricultural business, some specific factors, such as high natural and climatic risks, seasonality of production, reliance on biological assets, slow cycle of capital turnover, timeliness and completeness of budgetary assistance, have a significant impact on financial results. The role of budgetary funds in modern conditions is clearly manifested at the stage of formation and presentation of operating profit in the reports of an agricultural enterprise. The analysis of profit and assessment of its basis of efficiency of business processes of the enterprise are the most important direction of financial analysis of market entities' activity. Information about the amount of operating profit is an economic criterion for the development of an agricultural enterprise and can be a signal reference point for potential investors in the agricultural market when considering business cooperation and partnership.

MONITORING AND CONTROL OF FINANCIAL STABILITY AND ECONOMIC SECURITY OF AGRICULTURAL ENTERPRISES

2019 ◽  
pp. 24-31
Author(s):  
Oleksiy GAVRILENKO
Keyword(s):  
Financial Stability ◽  
Food Industry ◽  
Economic Security ◽  
Financial Sustainability ◽  
Monitoring And Control ◽  
Agricultural Enterprises ◽  
Agricultural Enterprise ◽  
The Matrix ◽  
Stability Type ◽  
And Control

Abstract Introduction. Food businesses are constantly experiencing financial difficulties due to untimely activity results analysis. The financial stability support program is a key objective of the agricultural enterprise. It is possible to ensure its effective functioning through the introduction of an appropriate internal control system. In today's volatile economic environment, only businesses with the proper level of competitiveness and financial sustainability can function productively. The purpose of the article is to substantiate the need and to find ways to implement monitoring and control of financial stability and economic security in the management of agricultural enterprises. Results. The purpose and the most effective means of ensuring Ukraine's food policy in the current economic conditions are determined. The stages of economic monitoring (preparatory stage, research and analysis of the obtained results) are presented. The economic monitoring scheme of financial and economic situation at the enterprise is presented. Possible types of financial condition of agrarian enterprise are described. The interdependence of the financial stability type and the concept of competitive advantages development in food industry enterprises at different stages of their life cycle are presented. The comparative assessment of the existing ways and methods of monitoring financial stability have been shown in the context of conducting an internal analysis of the agricultural enterprises financial stability. The characteristic of financial stability monitoring of agrarian enterprise production on the basis of matrix method is given. The results of the financial sustainability assessment of the enterprise «Kulindorovsky» are presented based on the matrix scheme. The conformity of the integral indicator of the enterprises financial stability type of the food industry in the Odessa region is estimated. The realization directions of the algorithm of internal systematic analysis implementation of agricultural enterprises financial stability are indicated. Conclusions. Analysis of agrarian enterprise financial stability it is advisable to carry out using the matrix algorithm. The proposed methodology will allow to anticipate possible threats to the financial activity of the agricultural enterprise. The results obtained will help to make management decisions aimed at stable activity of the enterprise. Keywords: monitoring, control, analysis, economic security, risk, agricultural enterprise, financial security of agricultural enterprises.

scholarly journals The use of accounting outsourcing in small agricultural enterprises

2021 ◽  
Vol 285 ◽  
pp. 01002
Author(s):  
Sergey Yekimov ◽  
Viktoriia Nianko ◽  
Serhii Harkusha ◽  
Oksana Burlitska ◽  
Tetiana Gavrilko
Keyword(s):  
Reporting System ◽  
Management Accounting ◽  
Production Costs ◽  
Effective Control ◽  
Batch Method ◽  
Agricultural Enterprises ◽  
Agricultural Enterprise ◽  
Cost Of Production ◽  
The One ◽  
The Cost

Accounting and management accounting at an agricultural enterprise reflects the results of economic and financial activities. The success of the company’s operation largely depends on the performance of its accounting functions. The article deals with the problems of setting and maintaining management accounting at agricultural enterprises. The necessity of using accounting outsourcing in small agricultural enterprises is justified. Calculating the cost of production of an agricultural enterprise is an important problem on the way to reducing it. To effectively calculate the cost of production, an agricultural enterprise should combine the process-by-process and batch method of cost accounting. This will make it possible to increase control over production costs, but requires the use of accounting specialists with appropriate competencies and skills. As a rule, small agricultural enterprises and primarily farms use a simplified accounting and reporting system. The simplified form of accounting and reporting, on the one hand, significantly simplifies the preparation and submission of tax reports for small agricultural enterprises, but at the same time does not allow for effective control of production costs. Accounting outsourcing allows you to reduce the costs of the company for the services of accountants and at the same time increase their efficiency..

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