scholarly journals METHODOLOGICAL APPROACHES TO THE FORMATION OF THE FINANCIAL MANAGEMENT POLICY OF RECEIVABLE ARREARS

2019 ◽  
Vol 14 (1) ◽  
pp. 126-131
Author(s):  
Гузалия Клычова ◽  
Guzaliya Klychova ◽  
Алсу Закирова ◽  
Alsu Zakirova ◽  
Зульфат Хамидуллин ◽  
...  
Keyword(s):  
Financial Management ◽  
Credit Rating ◽  
Systems Approach ◽  
Management Policy ◽  
Credit Policy ◽  
Accounts Receivable ◽  
Proof Systems ◽  
Analysis And Synthesis ◽  
Logical Method ◽  
Methodological Approaches

In modern conditions, an objective need arises in controlling education and the state of accounts receivable, determining credit policy, analyzing and ranking clients, forecasting cash receipts from debtors, and reducing bad debts. Using the methods of theoretical and empirical research, such as analysis and synthesis, classification, proof, systems approach, logical method, the significance of the credit policy is revealed, its elements are considered in detail, the main problems of the credit policy organization are highlighted. On the basis of the materials presented by practitioners in this field, a critical analysis was conducted of the method for calculating the rating assessment of debtors, the calculation of limits for the provision of installments, and the assessment of the client’s solvency. According to the results of the study, methodological approaches were identified that allow creating an effective credit policy in order to control receivables and reduce the risk of uncollectible receivables and doubtful debts. To calculate the credit limit, you should create a system to evaluate the creditworthiness of their counterparties. To this end, it is necessary to assess the reliability of customers, applying one of the techniques discussed in the article. When calculating the limit of a specific counterparty, a number of techniques can be applied. One of them is to implement a series of successive procedures for assessing a credit rating, forecasting the distributor’s need for financing and determining the credit limit. Alternatively, you can apply the formula for calculating the limit on the basis of turnover and the planned volume of sales for the period. The article examined ways to increase cash turnover, allowing to attract customers and improve the efficiency of return of receivables. These methods include the provision of discounts to the buyer, obtaining a short-term loan or factoring.

scholarly journals Increasing the Multiplier Effect of the Agro-Industrial Complex in the Northern Region: New Guidelines for Strategic Development

2021 ◽  
pp. 5-35
Author(s):  
Aziz A. MUSTAFAEV ◽  
◽  
Nikolay D. NAYDENOV ◽  
Elena N. NOVOKSHONOVA ◽  
◽  
...  
Keyword(s):  
Systems Approach ◽  
Komi Republic ◽  
Northern Region ◽  
Industrial Complex ◽  
Capital Investments ◽  
Multiplier Effect ◽  
Analysis And Synthesis ◽  
Logical Method ◽  
Business Entities ◽  
New Guidelines

The article discusses the problems of increasing the multiplier effect of the agro-industrial complex of the Komi Republic as a result of investment, as well as ways to accelerate the economic growth of its spheres and individual enterprises. The problems of motivation to increase capital investments in order to increase production and competitiveness of marketable products remain without due attention. The aim of the study is to substantiate the transition of the agro-industrial complex of the Komi Republic to an innovative and investment path of development, to more active methods of using advanced technologies and resource provision of investments, increasing the share of the intellectual component in their composition. The subject of the study is to determine the level of the multiplier effect of the agro-industrial complex of the Komi Republic as a method for assessing its effectiveness and competitiveness. Research methods — quantitative assessment of the effectiveness of total costs, scientific abstraction, analysis and synthesis, systems approach, historical and logical method, statistical observations. The article reveals the main trends of the multiplier effect in the agro-industrial complex of the Komi Republic. It is proposed to increase the multiplier effect of the agro-industrial complex for business entities to focus on the tasks of coordinating the flows of available investment resources.

Budgeting at the university: Organizational solutions and methodological approaches

2021 ◽  
Vol 22 (11) ◽  
pp. 1225-1242
Author(s):  
Ekaterina M. EGOROVA ◽  
Aleksandra V. GLUSHCHENKO
Keyword(s):  
Strategic Planning ◽  
Organizational Structure ◽  
Financial Management ◽  
Business Processes ◽  
Strategic Development ◽  
Economic Mechanism ◽  
Analysis And Synthesis ◽  
Methodological Approaches ◽  
The University ◽  
And Training

Subject. This article deals with the issues related to the creation and development of a new organizational and economic mechanism for the functioning of universities and the system of their budgeting. Objectives. The article aims to develop methodological foundations of the organization and mechanism for the budgeting implementation at modern universities that apply strategic planning and process-oriented organizational structure. Methods. For the study, we used analysis and synthesis, induction and deduction, systematization, and the systems and process approaches. Results. The article presents developed methodological foundations of the organization of budgeting at the university, based on advanced accounting, financial and management technologies that help determine the stages of university budgeting organization and describe their substantive characteristics. The article also defines the types of responsibility centers and budgets of the university. Conclusions and Relevance. Budgeting as the most important element of the intra-university mechanism of innovative strategic development of the university focuses on educational and research business processes. It helps plan specific goals, develop indicators of their achievement and justify the allocation of budgetary and extrabudgetary funds by the expected result of expenditure. The results of the study are intended for scientific and practical activities and training of specialists in the field of accounting and financial management.

scholarly journals КОНЦЕПТУАЛЬНО-КРИТЕРІАЛЬНИЙ ПІДХІД ДО ЗАБЕЗПЕЧЕННЯ КОНКУРЕНТОСПРОМОЖНОСТІ АПК ПІВНІЧНОГО РЕГІОНУ

2019 ◽  
pp. 90-99
Author(s):  
А. А. Мустафаев
Keyword(s):  
Systems Approach ◽  
Practical Significance ◽  
High Tech ◽  
Industrial Complex ◽  
Integrated Education ◽  
The Sustainable Development ◽  
Agricultural Enterprises ◽  
Analysis And Synthesis ◽  
Logical Method ◽  
The Republic

Formulation of the problem. One of the key objectives of the sustainable development of the agro-industrial complex of the Republic of Komi is the development of a conceptual framework to increase its competitiveness in a market economy. The purpose of the research is to develop the theoretical and methodological foundations of the competitiveness of the regional agro-industrial complex. The main practical task is the transfer of agricultural enterprises to a high-tech industrial and intellectual basis. The object of the research is the assessment of the competitiveness of the agro-industrial complex of the region, taking into account its sectoral and territorial features and integration motives. The methods used of the research: scientific abstraction, analysis and synthesis, systems approach, historical and logical method, observation, information technology. The hypothesis of the research is the possibility of ensuring the high competitiveness of the agro-industrial complex for the future through the solution of the strategic tasks of its operation. The statement of basic materials. The principles of increasing the competitiveness of the agro-industrial complex of the region are outlined in its main directions and tasks. Given the weak financial and economic state of small and medium-sized enterprises, it was proposed to create large integrated education with significant competitive advantages. Originality and practical significance of the research in the fact that competitiveness is seen as a key economic category capable of characterizing the positive and negative aspects of the life of the agro-industrial complex. Conclusions of the research are to ensure the expanded reproduction of the regional agro-industrial complex, the production and sale of more attractive goods to consumers, to achieve high competitiveness of the regional agro-industrial complex, to strengthen market positions in terms of quality and price characteristics of commercial products.

scholarly journals Integral Assessment of the Financial Security Level of Agrarian Corporations of Ukraine

2021 ◽  
Vol 39 (7) ◽  
Author(s):  
Nadiia Davydenko ◽  
Zoia Titenko ◽  
Nadiia Mrachkovska ◽  
Inna Horislavska
Keyword(s):  
Security Analysis ◽  
Security Level ◽  
Financial Security ◽  
Agricultural Enterprises ◽  
Analysis And Synthesis ◽  
Logical Method ◽  
Methodological Approaches ◽  
Integral Assessment ◽  
The Impact ◽  
Integral Indicator

Issue of providing and assessing the financial security of Ukrainian agricultural corporations is becoming more relevant in the current economic environment. Improving the financial security of the country as a whole and its components is necessary. Improvement of the methodology for assessing the financial security of Ukrainian enterprises in the conditions of difficult economic situation in the country is also required.The development of methodological approaches to improving the assessment of financial security of Ukrainian agricultural corporations is the purpose of this article.In the process of research used scientific methods:modeling was used to determine the impact of economic and financial potential of agricultural enterprises on the level of their financial security; the economic and statistical method were used to evaluate the dynamics of financial security; analysis and synthesis were used to find out the reasons behind the change in the level of financial security; tabular and graphical methods were used to represent the results of the study; abstract-logical method was used in the implementation of theoretical and methodological generalizations.The results of the study are an analysis of the level of financial security of agricultural corporations of Ukraine using an integral indicator. It takes into account the impact of economic and financial factors. Proposals for the formation of the system of financial security of agricultural enterprises were formulated according to the results of the study.

Specifics of strategic financial planning of enterprise activity in the digital economy

2020 ◽  
Vol 26 (3) ◽  
pp. 499-507
Author(s):  
P.A. Levchaev ◽  
B. Khezazna
Keyword(s):  
Strategic Planning ◽  
Financial Planning ◽  
Financial Management ◽  
Digital Economy ◽  
Economic Life ◽  
Corporate Management ◽  
Economic Relations ◽  
Digital Era ◽  
Analysis And Synthesis ◽  
Corporate Management System

Subject. The article investigates the specifics of strategic financial planning of enterprise operations in conditions of digitalization processes, as well as the introduction of advanced technologies in all spheres of social and economic life. It determines unique opportunities for company development in the international market. Objectives. The study aims at reviewing a set of economic relations and problems emerging in the process of strategic financial planning of enterprise performance in the digital economy, and developing recommendations to improve the financial strategic planning of economic entities. Methods. We employ methods of economic analysis and synthesis, and comparison. The paper rests on works by academic economists on the problems of finance, financial management, and planning. Results. We investigated the most important features and problems of strategic financial planning of enterprises in the digital economy, and how the digital era increases the level of competition of participants for economic dominance. Identified features of financial strategic planning of the corporation's activities in the digital economy are recommended for use in the corporate management system of an industrial enterprise. Conclusions. Improving the strategic management process is a stage of transformations in the digital economy. Enterprises create new priorities through using management models. At the same time, the role of fixed assets is reduced, and intangible assets and information accelerate the business. The effectiveness of company operations is often determined by the availability of accurate and timely information that reflects the necessary aspects of financial and economic practice.

The Soviet and Western theories of financial management – The competition or the partnership?

2020 ◽  
Vol 26 (5) ◽  
pp. 991-1016
Author(s):  
A.G. Lukin
Keyword(s):  
Soviet Union ◽  
Financial Management ◽  
Historical Analysis ◽  
Management Theory ◽  
Financial Risks ◽  
Financial Flows ◽  
Dialectical Approach ◽  
The Soviet Union ◽  
Analysis And Synthesis ◽  
Effective System

Subject. This article explores the main points of the theory of financial management, developed within the framework of the Western general theory of finance, and the theory of financial management developed in the Soviet Union. Objectives. The article aims to substantiate an idea that these theories are complementary, and their harmonious application can help build the most effective system of financial relations management at both the macro-and microeconomic levels. Methods. For the study, I used a dialectical approach and the methods of comparison, analysis and synthesis, and historical analysis. Results. The article substantiates the point that the methodology of Western financial management theory is aimed at managing external financial flows and combating external financial risks. It notes that the Soviet theory regulates methods and techniques of financial management within the business entity or the State. Conclusions. Theoretical updating of the Soviet practices of financial management combined with the modern achievements of financial management theory will create conditions for the formation of an optimal financial management structure at both the micro-and macroeconomic levels. This can improve the efficiency of financial management, in general. Renewed interest in the theoretical developments of the Soviet Union will contribute to the development of financial science at the present stage.

The investment activity of Russian business: Relationships with corporate income tax burden

2020 ◽  
Vol 23 (7) ◽  
pp. 800-823
Author(s):  
A.A. Razuvaeva ◽  
N.V. Pokrovskaya
Keyword(s):  
Income Tax ◽  
Systems Approach ◽  
Corporate Income Tax ◽  
Federal State ◽  
Tax Burden ◽  
Return On Assets ◽  
Investment Activity ◽  
Analysis And Synthesis ◽  
Tax Benefits

Subject. This article assesses the role of tax incentives for the Russian business' investment behavior. Objectives. The article aims to identify the relationship between the corporate income tax burden as an indicator responding to tax benefits application and the investment activities of Russian companies. Methods. For the study, we used the methods of analysis and synthesis, and the systems approach. The analysis covers the period from 2012 to 2018. The data of the Russian Federal State Statistics Service, Federal Tax Service of Russia, and the Ministry of Finance of the Russian Federation are the source of information for analysis. Results. The article summarizes the characteristics of the investment activity of the Russian business. However, the article does not reveal any obvious relationship between the income tax burden and the investment activity of the Russian business in the 2010s. There is also no link found between fixed investment and return on assets. Conclusions. The increase in income tax burden in the late 2010s, accompanied by a decrease in profitability, poses a threat to the active investment development of Russian organizations.

Major Approaches to Assessing the Fiscal Sustainability of the Constituent Entities of the Russian Federation

2020 ◽  
Vol 26 (6) ◽  
pp. 577-583
Author(s):  
L. A. Tuaeva ◽  
I. Z. Toguzova ◽  
S. K. Tokaeva
Keyword(s):  
Russian Federation ◽  
Systems Approach ◽  
Fiscal Sustainability ◽  
Qualitative Assessment ◽  
Universal System ◽  
Russian Scientific ◽  
Analysis And Synthesis ◽  
The Russian Federation ◽  
State And Local

The presented study develops theoretical and methodological foundations for assessing the fiscal sustainability of the constituent entities of the Russian Federation in perspective.Aim. The study aims to develop a systems approach to assessing the fiscal sustainability of the constituent entities of the Russian Federation in the medium and long term.Tasks. The authors analyze the major approaches to assessing the fiscal sustainability of federal subjects and determine the significance of quantitative and qualitative assessment methods in the development of a methodology for assessing the fiscal sustainability of federal subjects in the medium and long term.Methods. This study uses scientific methods of cognition, analysis and synthesis, comparison and analogy, systems and institutional approaches to assess the fiscal sustainability of federal subjects.Results. The authors examine the major approaches to assessing the fiscal sustainability of federal subjects developed by Russian scientific schools and disciplines; approaches used by state and local authorities; approaches to assessing the fiscal sustainability of federal subjects used by international and national rating agencies; foreign experience. In general, this implies the development of a universal system of indicators for assessing the fiscal sustainability of federal subjects.Conclusions. It is substantiated that under the current conditions of new challenges, particularly in the context of the coronavirus pandemic, it is necessary to assess the long-term balance and sustainability of the budgets of federal subjects using a systems approach based on quantitative and qualitative methods, making allowance for the medium- and long-term prospects to make efficient management decisions at different levels of the economic system.

Uncertain Meanings of Risk

2018 ◽  
Author(s):  
Natalia Besedovsky
Keyword(s):  
Financial Markets ◽  
Credit Rating ◽  
Traditional Approach ◽  
Credit Ratings ◽  
Assessment Practices ◽  
Structured Finance ◽  
Rating Agencies ◽  
Measures Of Risk ◽  
Methodological Approaches ◽  
Ontological Uncertainty

This chapter studies calculative risk-assessment practices in credit rating agencies. It identifies two fundamentally different methodological approaches for producing ratings, which in turn shape the respective conceptions of credit risk. The traditional approach sees ‘risk’ as an only partially calculable and predictable set of hazards that should be avoided or minimized. This approach is particularly evident in the production of country credit ratings and gives rise to ordinal rankings of risk. By contrast, structured finance rating practices conceive of ‘risk’ as both fully calculable and controllable; they construct cardinal measures of risk by assuming that ontological uncertainty does not exist and that models can capture all possible events in a probabilistic manner. This assumption—that uncertainty can be turned into measurable risk—is a necessary precondition for structured finance securities and has become an influential imaginary in financial markets.

Assessing the financial potential of organizations in the context of professional standard ‘Accountant’

2021 ◽  
Vol 14 (4) ◽  
pp. 407-432
Author(s):  
Irina A. ASTRAKHANTSEVA ◽  
Irina N. KOYUPCHENKO ◽  
Aleksandra A. TERSKIKH
Keyword(s):  
Financial Management ◽  
Systems Approach ◽  
Analytical Models ◽  
Rational Approach ◽  
Financial Strategy ◽  
Economic Relations ◽  
Business Plans ◽  
Finance Management ◽  
Economic Entity ◽  
Potential Formation

Subject. The article addresses the financial potential of the organization, investigates economic relations stemming from financial potential formation and prospects for its growth as a result of actions and initiatives of managerial staff. Objectives. The aim is to disclose the content of the rational approach in financial and analytical studies focused on expressing the analytical value of qualitative and quantitative determination of financial potential in the process of substantiating management decisions on achieving competitiveness and long-term efficiency of economic entity. Methods. The study rests on modern theories of capital structure, methods for developing financial strategy, solving multi-criteria economic problems, including ranking techniques, the graphical and analytical models. Results. We developed methodological recommendations for financial potential assessment, which include the indicators of strategic level of investment capital management based on the systems approach to the use of financial, strategic and investment analysis tools. Their application in practice will increase the informativeness of potential assessment. The findings have an applied focus aimed at professional competencies in the development of organizational and administrative documents that regulate the analysis and assessment of financial potential based on strategic goals. Conclusions. Along with the existing methods, the methodological recommendations form a subsystem of analytical support focused on the organization’s value and finance management. Their use in financial strategy formation enables to identify and study strategic alternatives of development, create financial sections of business plans, justify adjustments to the strategy and tactics of financial management.

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