scholarly journals THEORETICAL AND PRACTICAL ASPECTS OF PROFITABILITY FACTORIAL ANALYSIS

2018 ◽  
Vol 12 (1) ◽  
pp. 12-19
Author(s):  
Izolda Chiladze
Keyword(s):  
Financial Stability ◽  
Factor Model ◽  
Absolute Difference ◽  
Professional Judgment ◽  
Factors Affecting ◽  
The Public ◽  
High Profile ◽  
Use Of Resources ◽  
Effective Use ◽  
Negative Factors

Profitability is one of the fundamental directions of the financial stability of enterprises. Resources in nature are finite. Thus, the effective use of resources by each enterprise is of great interest to the public. The Profit is a means of expanding of production, of material incentives, of growth of investments and state revenue. Profit is also used by enterprises to finance employees’ awarding charitable and other programs. So, in order to make the enterprise profitable, it is important for owners, employed personnel, the state, and the whole society. Consequently, the research of the factors that increase the profitability of enterprises is always relevant. Purpose of the article is to create a multifactorial model of profitability. Therefore, the object of research is the system of indicators of profit and profitability. The article discusses different indicators of profit and profitability of the enterprise. On the basis of their logical and qualitative analysis, the most general indicator was selected: the ratio of annual profit (profit before taxation) to total assets. The purpose of the research was exactly to create a new factor model of this indicator. Based on the logical analysis, synthesis and professional judgment methods, eight indicators were selected which influence the profitability change and whose insertion (layout) into one model is possible and reasonable. And the method of so-called absolute difference is used to measure the influence of factors affecting profitability. For the testing of this model, the article uses the data of the Teliani Valley financial information of the Georgian wine company. This company was very interesting because it was the most financially stable and high-profile one but it became unprofitable for the past three years. As a result of the logical and empirical analysis of the factor-indicators of the new multi-factor model, it is obvious that this model can be used in all branches of the economy, except for commercial banks. Annual use of this factor model of profitability will be intellectual assistance for management of companies in order to find negative factors for profitability change and to make relevant decisions.

DIRECTIONS FOR DEVELOPMENT OF ANTI-CRISIS FINANCIAL MANAGEMENT

2017 ◽  
Author(s):  
Liubov Iarova ◽  
Keyword(s):  
Financial Management ◽  
Financial Stability ◽  
Enterprise Management ◽  
Factors Affecting ◽  
Financial Condition ◽  
Flexible Response ◽  
Relevant Topic ◽  
Potential Risks ◽  
Negative Factors ◽  
Theoretical Foundations

For continuous performance, enterprises should not only take into account potential risks and existing negative factors, but also develop methods and principles that allow timely and flexible response to crisis occurrences, as well as determine the recovery stages in an already deteriorated financial condition. Given tasks are solved by anti-crisis financial management, designed to increase the efficiency of enterprise management and facilitate the equalization or improvement of an economic entity’s financial stability, therefore, the directions of its development are a rather relevant topic in a market economy. The article examines the theoretical foundations of anti-crisis financial management, the main factors affecting the emergence of a crisis state at an enterprise, discusses the need for its development, and provides factors that determine the effectiveness of the implemented anti-crisis policy. Identifying the need to improve anti-crisis financial management and decision-making on its implementation are accompanied by an analysis that takes into consideration possible risks and costs, which determines the expected effect. The author generalizes and indicates the main principles and stages of anti- crisis management.

scholarly journals TO IMPROVE THE ANALYSIS OF THE FINANCIAL SECURITY OF THE BUSINESS IN GEORGIAN ENTERPRISES

2020 ◽  
pp. 135-147
Author(s):  
IZOLDA CHILADZE
Keyword(s):  
Financial Management ◽  
Financial Stability ◽  
Factor Model ◽  
Limited Liability ◽  
Sustainable Growth ◽  
Sustainable Business ◽  
Growth Trend ◽  
Factors Affecting ◽  
The Stability ◽  
And Control

The purpose of this paper is to improve the analysis of the financial stability of enterprises and to identify the key factors affecting the establishment of the sustainable growth trend of enterprises (except the financial sector) in Georgia. Answering the question: what financial challenges do enterprises in Georgia face today and be designed consequently, recommendations for strengthening the financial stability of enterprises should be developed in Georgia, increasing solvency and mitigating bankruptcy risks? The necessity for the financial stability of enterprises is becoming increasingly important both for sustainable business growth and for the stability of the international financial market.The subject of the study is the financial positions and financial results of the analytical enterprises. The first and second categories of joint-stock companies of Georgia and limited liability companies were selected as the research objects. Ten enterprises in total. The research methodology includes methods of economic and statistical analysis, factor analysis, vertical, horizontal, proportional and ratio analysis.In order to improve financial management and control, the paper presents multi-factor models of several indicators created by the author. These are: the tree-factor model the coefficient of the organic structure of capital, an eight-factor model of profitability and a six-factor model of the Financial leverage. The paper conducts practical research on the example of ten Georgian companies and concludes that the main challenges in today›s Georgia are the dangers of losing financial stability and bankruptcy. The reason for such a tense financial situation is not a «Corona-19». According to the author, the main reasons for the instability of enterprises in Georgia are: The Irresponsibility of business owners and management, low management professionalism and hidden flows of cash resources.

High-Density Otologic Camps in Regions of Sparse Expertise

2018 ◽  
Vol 127 (5) ◽  
pp. 327-330 ◽  
Author(s):  
Bizuayehu Girma ◽  
Asnake Bitew ◽  
Nega Kiros ◽  
Miriam Redleaf
Keyword(s):  
Public Hospital ◽  
Neck Surgery ◽  
High Density ◽  
Skills Transfer ◽  
The Public ◽  
Otologic Surgery ◽  
Use Of Resources ◽  
Medical Facilities ◽  
Surgery Department ◽  
Effective Use

Aims/Purpose: When 2 models of otologic surgery instruction in Ethiopia are compared, high-density otologic surgery campaigns are more effective for accelerated skills transfer in areas of sparse expertise than the standard outpatient clinic/OR model. Methods: A continuously operating otolaryngology/head and neck surgery department in a large public hospital is compared with a nonprofit specialty hospital where outpatients are selected for weeklong surgical campaigns. The number and variety of otologic visits and operations in each setting, presence of expert supervision, and resident-trainees’ surgical progress were tallied. Results: The public hospital saw 84 otologic operations in 1 full year. Meanwhile, the ear specialty surgical campaign site saw 185 otologic operations in 6 surgical campaign weeks. All operations at both sites were performed primarily by trainees. Experienced otologists supervised 40% of operations at the public hospital and 100% at the surgical campaign site. At the end of the year, none of the 10 resident-trainees in the public hospital were able to perform a simple underlay tympanoplasty, compared to 6 of 12 resident-trainees in the campaign setting. Conclusions: Where otologic expertise is sparse, otologic surgical campaigns allow the most effective use of resources—patient pathology, medical facilities, trainee attendance, and imported instructors.

How to Promote Sustainable Branch-Wise Financial Flows in the Context of Contractual Regime (the Case of Public Utility Sector)

10.12737/2498 ◽  
2014 ◽  
Vol 2 (3) ◽  
pp. 59-66
Author(s):  
Каменева ◽  
E. Kameneva
Keyword(s):  
Economic Activity ◽  
Financial Stability ◽  
Public Utility ◽  
Financial Flows ◽  
Factors Affecting ◽  
The Public ◽  
The Subject ◽  
The Way

The subject structure of branch-wise economic and financial relations is described. Factors, affecting financial and economic activity, financial stability and sustainability of financial flows in the public utility sector are revealed. Contractual regime depending on the way the administrating body enters the apartment houses management market is presented.

scholarly journals Factoral Analysis of the Financial Leverage of the Enterprise

2019 ◽  
Vol 5 (1) ◽  
pp. 42
Author(s):  
Izolda Chiladze
Keyword(s):  
Financial Stability ◽  
Financial Risk ◽  
Factor Model ◽  
Enterprise Management ◽  
Financial Risks ◽  
Financial Leverage ◽  
The Public ◽  
Factorial Model ◽  
The Subject ◽  
General Indicator

The activities of the enterprises always involve some uncertainty, therefore there is always a risk that objectives may not be achieved. So, theoretical and practical aspects of business risks are always relevant. The goal of the research is to select the general indicator of the financial risk between the leverage coefficients of the enterprises and to create its’ factorial model. The subject of research is the system of financial leverage ratios of the enterprise. Financial information on Georgian wine companies is used for the practical provision for research. As a result of the research has been created a new factor model of the general indicator of financial leverage. It is possible to measure five-factor indicators making an impact on the level of financial leverage. Its regular analysis will help enterprise management to fully control and manage the financial risks of the enterprise, to implement adequate measures on the basis of which the financial stability of the enterprise would not be jeopardized, which is also in the public interest.

scholarly journals ОРГАНИЗАЦИОННЫЕ И ФИНАНСОВЫЕ АСПЕКТЫ РАЗВИТИЯ НАУЧНОЙ СФЕРЫ КАЗАХСТАНА

2020 ◽  
Author(s):  
G.K. AMIROVA ◽  
Г.К. Амирова
Keyword(s):  
Manufacturing Sector ◽  
Real Sector ◽  
Development Programs ◽  
Factors Affecting ◽  
The Public ◽  
Scientific Potential ◽  
Negative Factors ◽  
The Relationship ◽  
Main Consumer ◽  
Significant Factors

This paper analyzed the state and trends in science, identifies positive and negative factors affecting the development of Kazakhstani science, identifies priority directions for its development. The article revealed the scientific potential of Kazakhstan in terms of the following indicators: the number of organizations performing R&D; the number personnel involved in the implementation of R&D; the internal R&D expenditures. Significant factors limiting innovation in Kazakhstan are low scientific potential: lack of competent staff; lack of internal R&D expenditures. It revealed that in Kazakhstan with the existing system of financing science, there is no opportunity to increase the Research and Development (R&D) expenses. In addition, the main consumer of R&D is the manufacturing sector, which has been reducing its activity recently. This negatively affected the country's scientific sphere, which led to a reduction in R&D, and also negatively affected the implementation of government innovative development programs and strategies. The results allowed concluding that it is necessary to strengthen the relationship between the science and real sector, commercialization of the scientific activities’ results on the basis of the public-private partnerships. В статье проводится анализ состояния и основных тенденций в науке, выявление позитивных и негативных факторов, влияющих на казахстанскую науку и инновационную сферу. Предложены рекомендации для дальнейшего развития научной сферы страны. В статье научный потенциал Казахстана рассматривается по следующим показателям: количество научных организаций, численность научных кадров, объем и источники финансирования НИОКР. По результатам исследования определены факторы, ограничивающие инновации в Казахстане: нехватка компетентного персонала и низкий уровень расходов на НИОКР. Выявлено, что в Казахстане при существующей системе финансирования науки и исследований возможность увеличить затраты на выполнение научно-исследовательских и опытно-конструкторских работ отсутствует. Помимо этого, производственный сектор, который является основным потребителем научных исследований и разработок, сокращает свою деятельность в последнее время. Это оказывает негативное влияние на научную сферу страны, что влечет к сокращению исследований и разработок, а также отрицательно влияет на реализацию государственных программ и стратегий инновационного развития секторов экономики. Полученные результаты позволили сделать вывод, что в сложившейся ситуации необходимо усиление взаимосвязи науки с реальным сектором экономики, коммерциализация результатов научной деятельности на основе государственно-частного партнерства.

Factors Affecting the Public Opinion of Advertisements with respect to Apparels

2018 ◽  
Vol 06 (09) ◽  
pp. 60-66
Author(s):  
S. Ubeja ◽  
S. Acharya ◽  
P. Jain ◽  
A. Loya ◽  
R. Tiwari
Keyword(s):  
Public Opinion ◽  
Factors Affecting ◽  
The Public

SIMULATION OF SOFT START OF SYNCHRONOUS ELECTRIC DRIVES

2019 ◽  
Author(s):  
Shakhboz Dadabaev
Keyword(s):  
Computer Simulation ◽  
Electric Drive ◽  
Water Supply Systems ◽  
Factors Affecting ◽  
Electric Drives ◽  
Soft Start ◽  
Simulation Results ◽  
Pumping Units ◽  
Negative Factors ◽  
Supply Systems

The main negative factors affecting the starting modes of synchronous electric drives of pumping units of irrigation water supply systems were identified, computer simulation of direct and soft start of synchronous electric drive was made, the simulation results are shown in graphs and a brief conclusion was made on the study.

FINANCIAL CONTROLLING IN THE SYSTEM OF FINANCIAL MANAGEMENT

2018 ◽  
Vol 28 (1) ◽  
pp. 137-141
Author(s):  
Petya Yordanova – Dinova
Keyword(s):  
Comparative Analysis ◽  
Financial Management ◽  
Financial Stability ◽  
Business Environment ◽  
Innovative Approach ◽  
Financial Sustainability ◽  
The Common ◽  
The Difference ◽  
Effective Use ◽  
And Control

This paper explores the comparative analysis of the financial controlling, who is a result from the common controlling concept and the financial management. In the specialized literature, financial controlling is seen as an innovative approach to financial management. It is often presented as the most promising instrument of financial diagnostics. Generally speaking, financial controlling is seen as a process of managing the company`s assets which are valued in monetary measures. The difference between the financial management and the financial controlling is that the second covers all functions of management, analysis and control of finances, aiming at maximizing their effective use and increasing the value of the enterprise. Financial controlling is often seen as a function of the common practice of financial management. Its objective is to preserve the financial stability and financial sustainability of enterprises operating in a highly aggressive business environment.

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