Economic analysis: workshop

2019 ◽  
Author(s):  
Людмила Куприянова ◽  
Lyudmila Kupriyanova ◽  
Елена Никифорова ◽  
Elena Nikiforova
Keyword(s):  
Economic Analysis ◽  
Cash Flow ◽  
Financial Statements ◽  
Effective Management ◽  
Economic Activities ◽  
Management Decisions ◽  
Methods Of Analysis

The workshop on economic analysis introduces readers to the methodology of economic analysis, which is essential in the development of effective management decisions aimed at improving the financial and economic activities of economic entities. Reveals methods of analysis of financial and economic activities, assessment of inventories, depreciation, debt, analysis of profit formation, forecasting of costs, break-even analysis, cost, balance, cash flow, etc. The authors take into account the latest changes in the field of accounting and preparation of financial statements.

scholarly journals Financial statements as the main source of information on the enterprise activity

2021 ◽  
Vol 11/1 (-) ◽  
pp. 27-30
Author(s):  
Nina OVSIUK ◽  
Zhanna SHALIIEVSKA ◽  
Kateryna HULKO
Keyword(s):  
Financial Reporting ◽  
Financial Statements ◽  
International Standards ◽  
Foreign Banks ◽  
Practical Implementation ◽  
Economic Activities ◽  
Management Decisions ◽  
Economic Relations ◽  
Intelligent Technology ◽  
Transparency And Disclosure

The essence of effective management of each business entity depends primarily on transparency and disclosure of information about its financial and economic activities. The financial report itself covers all important information about the state of the enterprise and provides an opportunity to obtain financial status with it by the interested user for further analysis and decision-making on further activities. As a rule, investors of creditors, state bodies, representatives who are preparing in construction with the business entity are interested in financial reporting. In order to provide more detailed and informative financial reporting to users, it is necessary to compile it with international standards, which act as tools for globalization of the economy and contribute to the development of global economic relations. During 2020–2021, the activities of enterprises took place in extremely difficult conditions, which is why the pandemic significantly affected the financial reporting indicators. Today, there is an appropriate use of intelligent technology and computer technology in the formation of financial statements. Financial statements based on taxonomies of financial statements for IFRS are prepared and presented in a single electronic format using Extensible Business Reporting Language (XBRL). XBRL is a generally accepted international standard for presenting financial statements in accordance with IFRS in electronic form. With the help of IFRS, Ukrainian companies have more effectively solved the following tasks: attracting investments and loans from the world's largest companies and banks, the ability to service financing from foreign banks and other organizations; placement of shares on international stock exchanges; providing the company's management with reliable information for making management decisions, as well as evaluating their adoption. Thus, today the economy of Ukraine depends on the choice of IFRS as a conceptual basis for accounting and its practical implementation. After all, the financial statements are fully open to internal and external users to make informed management decisions regarding cooperation with the relevant entity.

scholarly journals MANAGEMENT OF METHODICAL APPROACHES TO THE ANALYSIS OF INDICATORS OF INVESTMENT ATTRACTIVENESS OF AGRICULTURAL ENTERPRISES

2020 ◽  
Vol 288 (6) ◽  
pp. 159-163
Author(s):  
G. Khioni ◽  
Keyword(s):  
Financial Stability ◽  
Economic Effect ◽  
Integrated Approach ◽  
Climatic Conditions ◽  
Animal Origin ◽  
Due Diligence ◽  
Effective Management ◽  
Management Decisions ◽  
Agricultural Enterprises ◽  
Methods Of Analysis

The purpose of this study is to assess the current methodological support for the analysis of indicators of investment attractiveness of enterprises and agribusiness projects, identify shortcomings and justify proposals in order to make effective management decisions on the feasibility of investing. Methods of analysis of indicators of investment attractiveness of enterprises, approved at the legislative level, are investigated, their shortcomings are defined. Indicators of investment attractiveness are indicators on the basis of which investors determine the feasibility of investing. In most cases, in order to make effective management decisions, it is customary to conduct a comprehensive analysis. One of the methods of independent inspection of an enterprise or object for investment, based on an integrated approach, is the Due Diligence method. To date, there is no single comprehensive method of Due Diligence. Such verification is carried out by enterprises with the use of foreign practices, with the adaptation of the methodology to the peculiarities of the national business and economic environment, as well as with the use of national methods of analysis and evaluation of enterprises. Having analyzed the methodological support for the analysis of enterprises in Ukraine, we can state that the main criteria for assessing the financial stability of the enterprise are: financial stability, profitability, solvency, creditworthiness, liquidity and business activity. According to the functional purpose, the assessment of agribusiness enterprises has the same methodology as the assessment of enterprises of other sectors of the economy. However, when analyzing the performance of agricultural enterprises, it is necessary to take into account specific objects – biological assets of plant and animal origin, seasonality, climatic conditions, land relations, heterogeneity of equipment and means of production over time. As a result of the study, the method of analysis of investment attractiveness of agricultural enterprises taking into account sectoral characteristics was further developed, including the following indicators: environmental and economic effect, budget effect, social efficiency of the project, efficiency of modernization, efficiency of innovation. The use of these indicators will increase the efficiency of managing indicators of investment attractiveness of investments.

scholarly journals DEVELOPMENT OF THEORETICAL BASIS OF THE INTERIOR CONTROL OF ENTERPRISE FINANCIAL RESULTS

2020 ◽  
Vol 15 (3) ◽  
pp. 99-106
Author(s):  
Alsu Zakirova ◽  
Guzaliya Klychova ◽  
Angelina Dyatlova ◽  
Al'fiya Yusupova ◽  
Ildus Gimadiev
Keyword(s):  
Control System ◽  
Internal Control ◽  
Management System ◽  
Agricultural Sector ◽  
Control Process ◽  
Information Support ◽  
Effective Management ◽  
Economic Activities ◽  
Management Decisions ◽  
Internal Control System

The presence or absence of an efficiently functioning internal control system at an enterprise has a significant impact on the success of business development, increasing competitiveness, developing an information system, improving the quality of accounting and analytical support for the enterprise management system. Internal control is the basis for effective management of enterprises in the agricultural sector of the economy. In this case, the following basic conditions must be met: the activities of the enterprise must comply with the adopted strategy and mission; it is necessary to ensure the financial and economic stability of the enterprise; primary information should contribute to successful leadership and effective management decisions. With the help of the internal control system, directions for improving the financial and economic activities of the enterprise are determined, procedures are determined that allow maximizing profits, and rational distribution of costs is ensured. To develop the theoretical foundations of internal control, the article proposes a conceptual model of the internal control system for financial results. An effectively functioning organizational model of internal control includes a set of goals, objectives, principles, subjects, objects, tools, standards of internal control, its regulatory and information support, documenting the control process, information support of the management system, and making effective management decisions. The toolkit for internal control of financial results is a complex mechanism that integrates and coordinates specific tools (methods) for the formation of information support for the management system. The results of research can be used to create and improve the internal control system aimed at ensuring the efficient and continuous operation of the enterprise; conceptual provisions can be applied in the development of regulations, methods and procedures for internal control.

scholarly journals The PJSC “Novatek” activity efficiency reserves identification based on the economic and accounting analysis

2021 ◽  
pp. 121-128
Author(s):  
D. V. Lysenko ◽  
L. Akgün
Keyword(s):  
Large Scale ◽  
Financial Statements ◽  
Effective Management ◽  
Economic Activities ◽  
Consolidated Financial Statements ◽  
Gas Industry ◽  
Financial Conditions ◽  
The Us ◽  
Grouping Method ◽  
Us Dollar

A comparative analysis of three large Russian companies – PJSC “Novatek”, PJSC “Gazprom”, PJSC “Surgutneftegaz”, – is presented. The study relevance is caused by the gas industry strategic importance of the country as a whole as well as the specifics of its current situation: a large-scale drop of world gas prices, the ruble depreciation in relation to the US dollar, the introduction of sanctions on Russia. The financial and economic activities of the company PJSC “Novatek” is examined in the article. Various approaches to the analysis and identification of the company’s activities potential are studied. The investment attractiveness of competitors’ companies is evaluated. The research methodology included: complex, empirical, retrospective types of analysis (since the calculations of the companies’ financial conditions indicators are based on their consolidated financial statements data as of December 31, 2015); comparative, horizontal and vertical types of analysis; grouping method is categorization. As a result methodological principles of carrying out an economic analysis of gas producing companies’ activities are formed in order to make effective management decisions in conditions of risk and uncertainty.

scholarly journals Methodological Approaches to Assessing the Profitability of Assets

2020 ◽  
pp. 78-81
Author(s):  
Natalia Valerievna Zykova
Keyword(s):  
Effective Management ◽  
Internal Environment ◽  
Economic Activities ◽  
Management Decisions ◽  
Methodological Approaches ◽  
Tax Effect ◽  
Definition Of ◽  
A Company ◽  
Practical Recommendations

The paper examines approaches to assessing the profitability of assets. Based on the study and gen-eralization of scientific works, the definition of the concept of “profitability” is concretized. The ap-proaches to the assessment of profitability are in-vestigated. The relevance of the topic is due to the importance of analyzing the profitability of an enter-prise's assets to determine ways and reserves to improve the efficiency of financial and economic activities. The scientific novelty of this work con-sists in the study of theoretical and methodological approaches to the analysis of profitability, as well as the development of practical recommendations for organizing the analysis of the profitability of assets. It is based on the specification of profits by type and the introduction of indicators, such as the tax effect coefficient and the interest effect coefficient. The proposed algorithm makes it possible to make eco-nomically effective management decisions related to the development of a company in the context of dynamically changing factors of both the external and internal environment.

scholarly journals ROLE OF FINANCIAL REPORTING IN DECISION-MAKING IN ORGANIZATIONS

2019 ◽  
pp. 680-685
Author(s):  
G. Sh. Asanova ◽  
U. M. Abdyldaeva
Keyword(s):  
Decision Making ◽  
Cash Flow ◽  
Financial Reporting ◽  
Financial Analysis ◽  
Financial Statements ◽  
Necessary Condition ◽  
Management Decisions ◽  
Information Base ◽  
Financial Position

This article discusses the role and analytical capabilities of financial statements in making management decisions, since financial statements must faithfully reflect the financial position, financial results and cash flow of an enterprise, which requires truthful reflection of completed operations, other events and conditions in accordance with the definitions and criteria recognition of assets, liabilities, income and expenses. The value of financial statements is that it is the information base of financial analysis and audit. Therefore, the reliability of all objects reflected in the account, is a necessary condition in the preparation of accounting and reporting information, both on the property status of the enterprise, and on the results of its activities.

Methodological approaches of analysis of the financial state of the enterprise

2018 ◽  
pp. 73-81
Author(s):  
Olga Bunda ◽  
Ruslana Koshelnyk
Keyword(s):  
Analytical Methods ◽  
Financial Statements ◽  
Management Decisions ◽  
Financial Condition ◽  
Methods Of Analysis ◽  
Methodological Approaches ◽  
Analytical Practice

The article presents the results of the study of methodical approaches to the analysis of financial statements of the enterprise. In order to achieve the goal in the article, the following methods were used: grouping and comparing indicators in the implementation of horizontal and vertical analysis, calculating the magnitude of deviations over the years; methods of analysis of coefficients; method of generalization of the obtained results. As a result of the research, the structure of the assets of the enterprise and the sources of their formation are reflected, the necessary calculations of the indicators of enterprises are carried out, which characterizes its financial condition. The scientific novelty of the article is to improve the existing model of analysis of the financial condition of the company Agromars Complex, in order to use this model for analyzing the financial condition of other enterprises. Using analytical methods, one can create the basis for the development and improvement of the methodology in the analytical practice of the enterprise and reduce the volume of calculations, gain the ability to increase the quality of management decisions.

ECONOMIC ANALYSIS OF TRAVEL COMPANIES CASH FLOW

2019 ◽  
Author(s):  
Valentine Tarasova ◽  
Iryna Kovalevska
Keyword(s):  
Economic Analysis ◽  
Cash Flow

Pengaruh Jumlah Dewan Komisaris, Leverage, Profitabilitas, Intensitas Modal, Cash Flow, Dan Ukuran Perusahaan Terhadap Konservatisme (Studi Empiris Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Tahun 2012-2017)

2019 ◽  
Vol 8 (1) ◽  
pp. 17-24
Author(s):  
Siti Suharni ◽  
Arini Wildaniyati ◽  
Dea Andreana
Keyword(s):  
Cash Flow ◽  
Sampling Method ◽  
Stock Exchange ◽  
Secondary Data ◽  
Capital Intensity ◽  
Financial Statements ◽  
Descriptive Statistics ◽  
Company Size ◽  
Manufacturing Companies ◽  
Financial Reports

This study is aimed at examining the effects of the Number of Board of Commissioners, Leverage, Profitability, Capital Intensity, Cash Flow, and Company Size toward Conservatism in the manufacturing companies listed on the Indonesian Stock Exchange (IDX). The population used in this study is the yearly financial statements on firm of manufacturing listed at BEI period 2012-2017, using purposive sampling method. The type of data used is secondary data obtained from yerly financial reports published and downloaded through the official BEI website. Data analyzed with Descriptive statistics, test of classic assumption and exmination of hypothesis with multiple linier regression method. The result of hypothesis research shows variable Profitability and Cash Flow have a significant effect on the ability of Conservatism, while the Number of Board of Commissioners, Leverage, Capital Intensity, and Company Size has no effect on the ability of Conservatism.

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