Features of Performance Analysis of Financial and Economic Activities of the Economic Entity in the Framework of the Statutory Audit

Auditor ◽  
2018 ◽  
Vol 4 (1) ◽  
pp. 36-43
Author(s):  
Ирина Егорова ◽  
Irina Egorova
Keyword(s):  
Performance Analysis ◽  
Economic Performance ◽  
Financial Accounting ◽  
Economic Activities ◽  
Economic Entity ◽  
Analytical Procedures

Th is article is devoted to the features of the analysis of financial and economic performance of enterprises in terms of the application of analytical procedures in the framework of mandatory audit of their financial (accounting) statements.

scholarly journals Standardization as Multifunctional Tool to Improve the Effectiveness of Analytical Procedures

2019 ◽  
Vol 6 (1) ◽  
pp. 19-27
Author(s):  
E. B. Gerasimova
Keyword(s):  
Performance Analysis ◽  
Economic Analysis ◽  
Business Performance ◽  
Information Needs ◽  
Evaluation Study ◽  
Economic Entity ◽  
Starting Point ◽  
Analysis And Synthesis ◽  
Analytical Procedures

Modern social and economic conditions require the development of new approaches to the organization and analysis of an economic entity performance. The article pays special attention to the system of analytical activities standardization in order to meet the information needs of stakeholders. The objective of the study is the author’s development of the system of standardization of the economic entity performance analysis. The methods of system research (analysis and synthesis), comparative analysis, and the method of analogies are used to solve the problems. The study is based on the study of current economic literature and the use of structural analysis. The following results are obtained on the basis of the analysis. First, the special features of analytical procedures as an object of standardization were identified. These features are the starting point to develop a system of economic analysis standardization. Second, the algorithm of standardization of management activities was formulated. This algorithm is a basis to build a system of economic analysis standards. Third, a model of interaction between the main groups of stakeholders and the economic entity in terms of analytical activity standardization is proposed and the need to standardize the analysis of financial and nonfinancial characteristics of business quality of the object under analysis is proved. Fourth, the process of analytical activities standardization is developed. The system of indicators to assess the quality of the system of standardization for analytical procedures is offered. The development of the standardization system of the business performance analysis is a very promising direction to improve the quality of business. Standardization of economic analysis opens up great opportunities to improve the quality of activities of economic entities, regardless of the specific scope of the evaluation study.

Actual issues of valuation of businesses of the economic entity

2017 ◽  
Vol 31 (2) ◽  
pp. 156-162 ◽  
Author(s):  
O. V. Schneider
Keyword(s):  
Discount Rate ◽  
Accurate Prediction ◽  
Economic Activities ◽  
Business Valuation ◽  
Economic Entity ◽  
The World ◽  
Definition Of

The article summarizes the main approaches in the definition of business valuation the economic entity. In the process of business valuation, taking into account the risks of financial and economic activities necessary to obtain information on what stage the owner implements the business will receive income. The most difficult task is the impossibility of accurate prediction in determining the level of income and the determination of a discount rate capitalization of future incomes due to the instability of the economy, both in the country and around the world.

RELATIONSHIP OF ACCOUNTING AND STATISTICAL ACCOUNTING OF LOGISTIC COSTS IN THE INTEGRATED BUSINESS STRUCTURE

2021 ◽  
Vol 16 (3) ◽  
pp. 106-111
Author(s):  
Olga Gizatullina
Keyword(s):  
Supply Chains ◽  
Business Processes ◽  
Management Accounting ◽  
Added Value ◽  
Economic Activities ◽  
Legal Form ◽  
Economic Entity ◽  
Accounting Management ◽  
Supply Costs

For economic entities, business partnerships are not based on individual competition or improving individual business processes, but on improving supply chains. When making management decisions, the question arises about the performance indicators of business processes both at the level of an economic entity and at the macro level. When assessing the effectiveness of supply chains, it is necessary to assess the costs arising in the course of financial and economic activities. The logistics component has a large share in the supply costs. A full accounting of logistics costs allows you to obtain reliable information for the analysis and development of measures to reduce them, which increases the efficiency of the entire economic activity of an economic entity. The article proposes a classification of logistics costs according to the degree of added value creation and dependence on the volume of production, including the allocation of transaction costs, which make up a significant share in the overall structure of logistics costs. The classification of logistics costs should be transformed depending on the organizational and legal form of the organization and the field of activity. The system of accounting for the logistics costs of economic entities should highlight them when implementing all logistics functions; study information about the most significant logistics costs and the nature of their occurrence; study the interdependencies of logistics costs throughout the entire supply chain. The developed system allows keeping separate accounting of logistics costs on a separate account, which makes it possible to control them. In modern conditions, organizations are faced with the need to integrate various types of accounting, including accounting, management and statistical. The algorithm for the implementation of this task includes four stages: development of a methodology for the integration of accounting, management and statistical accounting; formation of management accounting policies; development of data transformation regulations; selection of software for the automation of statistical, accounting and management accounting

scholarly journals THE RISKS OF OPERATING A CRYPTOCURRENCY BUSINESS

2021 ◽  
pp. 81-86
Author(s):  
Honak I.
Keyword(s):  
Financial Stability ◽  
Banking System ◽  
Legal Regulation ◽  
Practical Training ◽  
Economic Activities ◽  
Economic Entity ◽  
Card Number ◽  
Bank Card ◽  
The Individual ◽  
Monetary Circulation

The article is devoted to the study of theoretical and practical aspects of the risks that accompany the activities of economic actors in the cryptocurrency market (both mining and trading) at the micro­ and macro­economic level at the beginning of the third decade of the XXI century. The risks associated with the functioning of economic entities in the market of cryptocurrency coins and such risks are the following: lack of legal regulation on the cryptocurrency market and insurance of owners of assets stored on crypto wallets; use of malware in order to access assets rotating on the cryptocurrency market; hacking attacks on cryptocurrency wallets and exchanges in order to steal cryptoassets; loss of assets deposited into accounts of cryptocurrency exchanges in case of bank-ruptcy or closure of these exchanges; loss of the password used to access the crypto wallet; loss of a secret personal PIN code, which is the key to access funds deposited into the crypto wallet at the exchange and used to transfer assets (cryptocurrencies or fiat currencies) to other crypto wallets or a bank card; erroneous transaction due to one number or letter mistake when transferring from one crypto wallet to another or error (when entering bank card number), when transferring funds from crypto wallet to bank card, a mistake of one or more numbers is possible and funds will be transferred to the wrong addressee, in both cases it is impos-sible to cancel the transaction and funds are lost irrevocably; significant volatility in the value of cryptocurrencies, because of which an investor can go bankrupt. It was revealed that the functioning of the cryptocurrency market is also associated with risks to the national economy and security: monetary policy (reduction of control over monetary circulation due to the replacement of national fiat currency with cryptocurrency coins and the loss of the central bank monopoly on the emission of money and reducing the country's income from seigniorage due to mining cryptocurrencies), financial stability (because of the threat of the outflow of deposits from the banking system and replacing them with investments in cryptocurrencies, the possibility of replacing traditional banking, as well as the possibility of avoiding taxation and shadowing the economy) and national security. It has been proven that the intensive activity of an economic entity associated with mining, trading, investing or other economic activities in the cryptocurrency market requires significant theoretical and practical training of the individual and patience and faith in the future of cryptocurrency market activity because of the probability of losing savings invested in cryptocurrencies or investments.Keywords: risk, cryptocurrency, cryptocurrency market, crypto coin, crypto wallet, Bitcoin, Ethereum, cyberattack. Статтю присвячено дослідженню ризиків, які супроводжують діяльність ринку криптовалют, як майнінгу, так і трейдингу. Охарактеризовано ризики, з якими пов’язане функціонування ринку криптовалют, і такими ризиками є: відсутність правового регулювання та страхування власників криптогаманців; використання шкідливих програм та здійснення хакерських атак на криптогаманці і біржі криптовалют; утрата активів, розміщених на рахунках криптовалютних бірж, у разі банкрутства чи закриття цих бірж; утрата паролю від криптогаманця чи втрата секретного персонального PIN­коду, що є ключем доступу до коштів, розміщених на криптогаманці на біржі; помилкова транзакція (через помилку на одну цифру чи букву) під час переказу з одного криптогаманця до іншого (також під час переказу грошових коштів із криптогаманця на банківську картку можлива помилка на одну чи кілька цифр, і кошти будуть переказані не тому адресанту, якому вони передбачалися); значна волатильність вартості криптовалют. Виявлено, що функціонування ринку криптовалют пов’язане з ризиками для національної економіки: монетарної політики, фі-нансової стабільності, інвестиційної та банківської діяльності. Доведено, що активна діяльність економічного суб’єкта, пов’язана з майнінгом, торгівлею, інвестуванням чи іншою економічною діяльністю на ринку криптовалют, вимагає значної теоретичної і практичної підготовки особи через імовірність утратити заощадження, вкладені у криптоферми чи інвестиції.Ключові слова: ризик, криптовалюта, крипторинок, криптомонета, криптогаманець, Bitcoin, Ethereum, хакерська атака.

scholarly journals ANALISIS POTENSI EKONOMI DI SEKTOR DAN SUBSEKTOR PERTANIAN, KEHUTANAN DAN PERIKANAN KABUPATEN JEMBER

2017 ◽  
Vol 15 (2) ◽  
pp. 137
Author(s):  
Ahmad Rizani
Keyword(s):  
Economic Performance ◽  
Research Result ◽  
Large Contribution ◽  
Economic Potential ◽  
Ratio Model ◽  
Economic Activities ◽  
Location Quotient ◽  
Growth Ratio ◽  
Agriculture Sector ◽  
Estate Crop

This study aims to examine the economic potential in the sector and sub-sector of agriculture, forestry and fishery of Jember Regency. In addition, this study also identifies and determines the leading sectors and sub-sectors in Jember Regency to provide an overview of the leading economic activities that can be developed in increasing the economic potential in Jember District. Analyzer used in this research include analysis of Shift-Share, Location Quotient (LQ), and Growth Ratio Model (MRP). From the research result, it can be seen that: (1) shift-share analysis shows Jember Regency economy during 2010-2015 period increased by Rp2,412.3 billion. The improvement of economic performance in Jember Regency can be seen from positive sector of agriculture sector, forestry and fishery; (2) Based on the analysis of Location Quotient (LQ) sector and the leading sub-sector in Jember Regency there is 1 sector and 1 sub-sector having average LQ> 1 or sector and subsector of the (potential) ie agriculture, farming, and plantation sub-sector; (3) Growth Ratio Model (MRP) analysis shows that the dominant sectors of growth and large contribution include estate crop sub-sector, agriculture and hunting services sub sector, forestry and logging sector, and fishery sector; (4) weighted results based on Shift-Share, Location Quotient (LQ) and Growth Ratio (MRP) analysis were obtained by the highest ranking sub-category of the most potential weighted crops sub-sector.

Performance Analysis and Improvement Approach of HEV Extended Expansion Gasoline Engine

2011 ◽  
Vol 317-319 ◽  
pp. 1999-2006
Author(s):  
Yu Wan ◽  
Ai Min Du ◽  
Da Shao ◽  
Guo Qiang Li
Keyword(s):  
Mathematical Model ◽  
Performance Analysis ◽  
Fuel Consumption ◽  
Economic Performance ◽  
Gasoline Engine ◽  
Engine Performance ◽  
Valve Train ◽  
Gasoline Engines ◽  
Simulation Results ◽  
Negative Impacts

According to the boost mathematical model verified by experiments, the valve train of traditional gasoline engine is optimized and improved to achieve extended expansion cycle. The simulation results of extended expansion gasoline engine shows that the extended expansion gasoline engine has a better economic performance, compared to traditional gasoline engines. The average brake special fuel consumption (BSFC) can reduce 22.78 g / kW•h by LIVC, but the negative impacts of extended expansion gasoline engine restrict the potential of extended expansion gasoline engine. This paper analyzes the extended expansion gasoline engine performance under the influence of LIVC, discusses the way to further improve extended expansion gasoline engine performance.

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