scholarly journals Modeling of interaction between shareholders and control bodies

2021 ◽  
Vol 12 (1) ◽  
pp. 132-143
Author(s):  
Alina K. Davletova ◽  
Elena P. Rostova
Keyword(s):  
Economic Effect ◽  
Numerical Data ◽  
Scientific Basis ◽  
External Control ◽  
Financial Control ◽  
Joint Stock Company ◽  
Control Mechanisms ◽  
Stock Company ◽  
The Cost ◽  
And Control

The article deals with the problem of organization of financial control procedures for the activities of a joint-stock company by the audit bodies. The development of effective verification mechanisms can significantly reduce the cost of conducting them and increase their effectiveness. One of the problems that arise in the study of such problems is the modeling of behavior of participants in the system of internal and external control. The solution of this problem is impossible without the use on a scientific basis of economic and mathematical models of financial control mechanisms, taking into account the economic relations of the subjects and the object of control, allowing to assess the costs of control and its effectiveness. The article examines the mechanism of interaction between shareholders and control bodies. Models describing this interaction have been developed, as well as the tasks of determining the vector of the planned task of inspections by control bodies have been formulated and solved. The parameters of the verification procedure are determined by the criterion of maximizing the economic effect of the center from conducting inspections by the control bodies. The model uses a multiplicative function of the economic effect of the center on the possession of information on each of the subjects of control. The members of the system are the audit commission, the board of directors and the audit organization. For each participant of the system, target functions are formulated, taking into account information about material remuneration and taking into account alternative income. The developed model is tested on numerical data on the cost of conducting inspections and on alternative income. The results of the calculations illustrate the behavior patterns of the system participants, in particular, the feasibility of paying the full cost of inspections by the center and the implementation of the inspection plan by the control bodies in the appropriate volume.

Synergetic Concept of Software Control of Machining Processes on Metal-Cutting Machines

2021 ◽  
pp. 24-36
Author(s):  
V.L. Zakovorotny ◽  
V.E. Gvindzhiliya
Keyword(s):  
Tool Wear ◽  
Metal Cutting ◽  
Wear Testing ◽  
External Control ◽  
Machining Processes ◽  
Cutting Zone ◽  
Output Characteristics ◽  
The Cost ◽  
And Control ◽  
Cutting System

High precision metal-cutting machines ensure that the programmed machine actuator trajectories correspond to the real ones. For lathes these are the trajectories of the longitudinal and transverse calipers of the system, as well as the spindle. The purpose of processing is to produce parts of a given quality while minimizing the manufacturing costs. The condition of the dynamic cutting system, determined by the trajectories of forces and deformations, affects the quality indicators of parts and the cutting efficiency, which depends on the intensity of tool wear. The properties of the system change depending on the phase trajectory of the power of irreversible transformations of the energy supplied to the cutting zone by the work performed. Their changes related with the evolution of the parameters of the dynamic link formed by cutting are manifested in the development of tool wear and changes in the quality of the part. Thus, the power of irreversible energy transformations is one of the internal factors causing changes in the output characteristics of processing and the state of the process. In this regard, when processing on machine tools, there is a problem of synergistic coordination of external control (for example, the CNC program) with internal one, the source of which is the irreversible transformation of the energy supplied to the cutting zone. The article considers the problem of synergetic coordination of external and internal controls during cutting process, the solution of which will allow increasing the efficiency of processing on CNC machines. A mathematical model of a controlled dynamic cutting system and control algorithms are proposed to improve the efficiency of processing parts of a given quality while minimizing the intensity of tool wear. Testing of the developed algorithms has shown that their use reduces the cost of manufacturing parts by 1.2.

scholarly journals Corporate governance vs. crisis of company

2012 ◽  
Vol 49 (No. 6) ◽  
pp. 275-277
Author(s):  
P. Moulis
Keyword(s):  
Control Mechanism ◽  
Supervisory Board ◽  
Effective Control ◽  
General Assembly ◽  
Joint Stock Company ◽  
Control Mechanisms ◽  
Natural Control ◽  
Stock Company ◽  
Legal Rules ◽  
The Common

There is a lot of available investigations in the area of company crisis reasons problems nowadays. These inquiries were summarised into the indicators of company crisis reasons. The development and level of these indicators is not possible to consider to be company crisis reasons but above all to be its manifestation. The veritable reason of crisis is the absence of effective control mechanisms in the company, especially of the “natural” control mechanisms. The natural control mechanism means such as rises from the substance of joint stock companies (respectively legal rules of joint stock company). There is a presumption of control activities interaction among the General Assembly, Supervisory Board and Board. Control mechanisms work on the common economic principles’ base in this sense and it means that the owner is considered to be the primary managing element and the management acts as the derivative managing element. The assumption of effective economic principles functioning is the existence of standard variable of these relations i. e. the existence of relevant interests.

The Principle of Joint-Stock Companies

2016 ◽  
Vol 5 (4) ◽  
pp. 16-19 ◽  
Author(s):  
Галанов ◽  
Vladimir Galanov ◽  
Галанова ◽  
A. Galanova
Keyword(s):  
Reproductive Activity ◽  
Social Benefits ◽  
Main Trend ◽  
Joint Stock Company ◽  
Stock Company ◽  
Personal Consumption ◽  
World Income ◽  
High Level ◽  
The Cost ◽  
Rich Countries

Development of capital relationship occurs in many areas. We can identify the main two of them: the development of the main organizational form of business activity as joint-stock companies and the development of their reproductive activity, which is reflected in the fundamental change in the processes of formation of the cost of the goods produced by these companies. The main trend in the development of a joint stock company may be called the “socialization of capital”, which not only retains many of the old ways of the private appropriation of profits, but also creates new kinds of them. The chain of commercial structures development involves conversion of the national jointstock companies into the international joint-stock companies, or multinational companies. This, in turn, leads to the transformation of a number of states, among which we include the developed or rich countries of the world, into a kind of “joint-stock” societies, whose citizens have an opportunity to increase (through an appropriate system of maintenance of a high level of wages and social benefits) their personal consumption financed by appropriating a disproportionately large part of the total world income by the country as a whole. Such a country objectively turns into a special economic-social form of existence of the joint-stock company. The basis for such a transformation of the state into a sort of joint-stock company is a new nature of production of the majority of modern goods. It consists in the change of the creation process of goods’ value which leads to the complete subordination of all its stages to the corresponding MNC groups.

scholarly journals Efficiency evaluation in intensive growing of winter rape

2011 ◽  
Vol 57 (No. 5) ◽  
pp. 247-257
Author(s):  
J. Homolka ◽  
R. Mydlář
Keyword(s):  
Joint Stock Company ◽  
Average Yield ◽  
Agricultural Commodity ◽  
Stock Company ◽  
Winter Rape ◽  
Material Costs ◽  
High Yields ◽  
The Cost ◽  
Development Analysis ◽  
The Given

The aim of the paper was to evaluate the efficiency of winter rape growing which is based on the calculations and an analysis of production and economic indicators in the given branch. The development analysis of yields per hectare, costs, revenues and production profitability was carried out over the years 2003–2009 in the Agro Žlunice and it was compared with the results of the Czech Republic as a whole. In the enterprise, it deals with the traditional growing technology with a higher intensity of the intensification factors inputs in growing. Yields per hectare in the farm reached very favourable values which supported the stable position of the enterprise in the market with this agricultural commodity. It is possible to see a competitive advantage in the level of the per hectare yields. An average yield in the joint-stock company from 2003 to 2009 was 4.34 t/ha and an average yield in the CR over the last seven years was 2.9 t/ha. The enterprise's yield is by 1.44 t per ha higher compared to the average yields in the CR. In comparison of the average costs per hectare over the evaluated period in the enterprise and in the CR – in the enterprise, the costs were by 2.71% higher comapred to the CR (the enterprise 21 991 CZK/ha, the CR 21 394 CZK/ha). However, the enterprise Agro Žlunice, a.s. reached in comparison of the cost per 1 tonne of production by 31.31% lower costs than is the CR average. The amount of expenses incurred was compensated by high yields per hectare which the enterprise reached and thereby it improved the profitability of growing of this crop-plant. The highest share in the total costs belonged to direct material costs. The share of material costs in the enterprise over 7 years was 55.28%. Among the direct material costs, there are mainly seeds, fertilizers and chemical prophylactics. From the indicators of production profitability, there are expressed the profit achieved per 1 t of seedsfrom 1 ha of the area under crop and cost profitability. The profitability indicators considerably fluctuate during the evaluated years in the monitored enterprise and in the CR in dependence on the fluctuation of the seed price.

On Controlling Elasticity of Cloud Applications in CELAR

2015 ◽  
pp. 222-252 ◽  
Author(s):  
Georgiana Copil ◽  
Daniel Moldovan ◽  
Hung Duc Le ◽  
Hong-Linh Truong ◽  
Schahram Dustdar ◽  
...  
Keyword(s):  
Control Mechanisms ◽  
Quality Performance ◽  
Control Approach ◽  
Multiple Components ◽  
Cloud Environments ◽  
Multi Level ◽  
The Cost ◽  
User Friendly ◽  
And Control ◽  
Cloud Applications

Today's complex cloud applications are composed of multiple components executed in multi-cloud environments. For such applications, the possibility to manage and control their cost, quality, and resource elasticity is of paramount importance. However, given that the cost of different services offered by cloud providers can vary a lot with their quality/performance, elasticity controllers must consider not only complex, multi-dimensional preferences and provisioning capabilities from stakeholders but also various runtime information regarding cloud applications and their execution environments. In this chapter, the authors present the elasticity control approach of the EU CELAR Project, which deals with multi-dimensional elasticity requirements and ensures multi-level elasticity control for fulfilling user requirements. They show the elasticity control mechanisms of the CELAR project, from application description to multi-level elasticity control. The authors highlight the usefulness of CELAR's mechanisms for users, who can use an intuitive, user-friendly interface to describe and then to follow their application elasticity behavior controlled by CELAR.

Performance Management of the Organization's Personnel on the Example of a Joint-Stock Company «Ulan-Ude Aviation Plant (JSC U-UAZ»)

2019 ◽  
Vol 8 (5) ◽  
pp. 74-77
Author(s):  
O. Kaurova
Keyword(s):  
Performance Management ◽  
Working Conditions ◽  
Joint Stock Company ◽  
Stock Company ◽  
Organization Of Work ◽  
Regional Characteristics ◽  
Personnel Costs ◽  
Effi Ciency ◽  
The Cost ◽  
Integral Indicator

The article describes the concept of “performance management” through the audit of personnel; the defi nition of the audit of personnel, taking into account regional characteristics. The materials of the audit of personnel at the Ulan-Ude Aviation plant are presented. The main problem of large enterprises is the cost of personnel, so the main focus of this study is the audit of personnel costs. Staff costs of the organization — generally recognized for countries with market economies, an integral indicator that includes a set of costs associated with the attraction, remuneration, incentives, solving social problems, organization of work and improvement of working conditions of staff , which ultimately aff ects the effi ciency of staff . In this regard, the author analyzed labor indicators and identifi ed methods to reduce personnel costs.

scholarly journals INSTITUTIONAL SUPPORT OF PUBLIC FINANCES

2021 ◽  
pp. 5-12
Author(s):  
Alla Chornovol ◽  
Yuliia Nemish ◽  
Olha Biliavska
Keyword(s):  
Public Finance ◽  
Institutional Support ◽  
The State ◽  
External Control ◽  
Financial Control ◽  
Public Finances ◽  
The Public ◽  
Finance Management ◽  
And Control ◽  
The Impact

Purpose. The purpose of the article is to study the legal and organizational principles of public finance management. Methodology of research. To achieve this goal, the following tools of research methods were used: dialectical - to determine the initial conditions and content of public finance; analytical - when processing literary and Internet sources; causal - to determine the institutional support of public finances; abstract-logical - to generalize the presented material and draw conclusions. Findings. The issues of the essence, structure and peculiarities of the functioning of public finances in Ukraine are studied; the institutional units that ensure their formation and control over their use are specified. The peculiarities of the content of public finances of Ukraine are considered, the peculiarities of their components are determined in order to achieve not only economic, but also social goals by the state. Under the institutional support of public finances, we understand a purposeful hierarchical system of legal institutions that form, use, redistribute and control the funds of the public sector. Thus, based on this, among the components of institutional support are: state; executive, legislative and judicial powers; VRU, CMU, central executive bodies, higher judicial bodies, National Bank, Accounting Chamber; local councils, local executive bodies, budgetary institutions, subjects of state and communal property; advisory bodies under the President of Ukraine, the Cabinet of Ministers of Ukraine; scientific, public and professional institutions (organizations) in the field of public finance. The relevance of the study of issues related to improving the efficiency of state bodies on the basis of recommendations of international organizations and the formation of appropriate regulatory and legal support is substantiated. For example, it was noted that an action plan for the respective years should be developed, which includes directions for each area of the Strategy for Reforming the Public Finance Management System (in our opinion, public) and specifies the state bodies responsible for a particular area of public finance. The bodies of state financial control are determined in accordance with the current legislation, in particular: external control carried out by the legislative bodies - the committees of the Verkhovna Rada and the Accounting Chamber; executive authorities and the central bank - the Cabinet of Ministers (through specialized state bodies) and the NBU; and internal (performed by heads of state bodies) and internal audit (performed by the main managers of budget funds). The requirements of the current legislation to ensure openness of their spending and opportunities for free access to this information in order to strengthen public control over the use of public funds are analyzed. The composition and main problems of institutional support of public finances are formulated and practical recommendations for its evaluation are provided, which will allow to increase the efficiency of public finance management. Originality. The scientific novelty lies in the separation of the content of the institutional support of public finances and recommendations for its evaluation according to the established criteria. Practical value. The main provisions of this study in the form of evaluation proposals can be used to monitor the impact of public reform policy on the development of public finances. Key words: public finance; management; institutional support; public authorities; public financial control.

scholarly journals ASSESSMENT OF BUSINESS PROCESSES “FROM PURCHASE TO PAYMENT” IN THE SYSTEM OF AN INTERNAL AUDIT

2019 ◽  
Vol 7 (6) ◽  
pp. 182-186
Author(s):  
Regina Vildanovna Nagumanova ◽  
Aigyl Ilshatovna Sabirova ◽  
Nadezhda Georgievna Titova
Keyword(s):  
Business Processes ◽  
Internal Audit ◽  
Expert Assessment ◽  
Joint Stock Company ◽  
Stock Company ◽  
Material Resources ◽  
Library Research ◽  
Teachers And Students ◽  
And Control ◽  
The Given

Purpose: The article suggests an approach to the assessment of the efficiency of work with suppliers. It allows monitoring the dynamics and factual achievement of set targets. Within the framework of an internal audit of business processes “from purchase to payment” we suggest the system of assessment of suppliers which includes indicators that fairly reflect the work of suppliers of material resources. Methodology: This is analytical-logical research that has been done through content analysis and documentary and library research. Result: Record of any changes, knowledge of complete and reliable information, well-timed assessment of suppliers’ work and control will allow to decrease expenses connected with the stoppage of the production process and to increase the activity efficiency of joint-stock company “HR”. Expert surveys carried out among the top specialists and management of the company proved the validity and acceptability of the given approach to an internal audit of business processes “from purchase to payment”. This system is developed using the method of expert assessment by means of a survey. The article represents a specification of the order of calculation of the coefficients of the significance of indicators – criteria of the assessment of suppliers. Applications: This research can be used for universities, teachers, and students. Novelty/Originality: In this research, the model of business processes “from purchase to payment” in the system of an internal audit is presented in a comprehensive and complete manner.

scholarly journals Reducing the costs of the military-industrial complex enterprise with the involvement of personnel in the concept of lean manufacturing

2019 ◽  
pp. 7-12
Author(s):  
I. A. Andreev
Keyword(s):  
Lean Manufacturing ◽  
Economic Effect ◽  
Joint Stock Company ◽  
Industrial Complex ◽  
Support Personnel ◽  
Stock Company ◽  
Military Industrial Complex ◽  
Manufacturing Methods ◽  
The Military

The paper deals with the process of participation of production, service and support personnel in the implementation of lean manufacturing methods and tools at the enterprise of the “Almaz - Antey” Air and Space Defense Corporation, Joint stock company “SOP Obukhovsky plant” . The results of this implementation are presented, the economic effect on the scale of the enterprise is estimated

Sign in / Sign up

Export Citation Format

Share Document