scholarly journals The financial condition of selected enterprises from the Świętokrzyskie voivodeship during the COVID-19 pandemic – A survey analysis

2021 ◽  
Vol 9 (6) ◽  
pp. 46-50
Author(s):  
Daria Moskwa-Bęczkowska
Keyword(s):  
National Court ◽  
Limited Liability ◽  
Computer Assisted ◽  
Accounting System ◽  
Survey Analysis ◽  
Legal Form ◽  
Financial Condition ◽  
Financial Liquidity ◽  
Business Entities ◽  
Cost Accounting System

Purpose of the study: This article aims to assess the financial condition of selected enterprises from the Świętokrzyskie Voivodeship during the ongoing COVID-19 pandemic. Methodology: The article presents the results of proprietary surveys on the usefulness of the economic entities' cost accounting system to manage their costs in the conditions of the COVID-19 pandemic. These studies were carried out using the Computer-Assisted Web Interview method. Economic entities from the Świętokrzyskie voivodship with an entry in the National Court Register were invited to the survey via email. They were commercial law companies, mainly limited liability companies, joint-stock companies, etc. Main Findings: The main conclusion from the conducted research is the statement that the difficult economic situation of the market sector in Poland does not always translate into the financial condition of enterprises. The common opinion about the financial problems of Polish companies caused by the COVID-19 pandemic turns out to be wrong. The examined economic entities do not struggle with the issue of losing financial liquidity at all. On the contrary, over 40% of them indicated an improvement in the financial result in 2020 compared to 2019. Applications of this study: The results of the conducted research confirm that the COVID-19 pandemic in Poland did not significantly worsen the financial situation of the surveyed business entities; on the contrary, the vast majority of them do not and have had no problems with maintaining financial liquidity. The originality of this study: The analysis of the literature on the subject showed that there is no data on the assessment of the financial condition of enterprises in the conditions of the COVID-19 pandemic, taking into account at the same time the organizational and legal form of the studied entity and the area of ​​its operation.

scholarly journals Methodical Aspects of Comprehensive Analysis of Financial Viability of Enterprise

2020 ◽  
Vol 7 (2) ◽  
pp. 108-116
Author(s):  
Iryna V. Nagorna ◽  
Viktoriia I. Benchak
Keyword(s):  
Financial Reporting ◽  
Financial Analysis ◽  
Limited Liability ◽  
Financial Statements ◽  
Financial Economic ◽  
Global Changes ◽  
Accounting System ◽  
Management Decisions ◽  
Financial Condition ◽  
Wide Range

Global changes in the economic environment, global processes of accounting standardization necessitate a revision of the theoretical foundations, future development of methodological approaches and guidelines for the formation of financial statements of Ukrainian enterprises. Qualitative economic information, collected and processed within the accounting system of a business entity for a reporting period, should provide the opportunity to make informed management decisions focused on optimizing the operation of an enterprise and its further development. Information, on the financial condition and results of a business entity is of interest to a wide range of participants in the business process. Based on the study of open reporting information, its users make important management decisions. That is why the issues related to the improvement of the presentation methodology and the use of financial statements are relevant. The article considers the role of a comprehensive financial analysis of an enterprise, provides theoretical and practical foundations for improving the methodology of financial reporting of an enterprise. The financial and economic activity of an enterprise on the example of the limited liability company “LEASING INVEST” was considered, the necessary calculations characterizing the financial condition of the enterprise were carried out. The analysis of the financial condition provides an opportunity to obtain an assessment, identify the causes and factors of the achieved state, prepare and justify management decisions. It plays an important role in ensuring effective management, is responsible for the selection, evaluation and interpretation of financial, economic and other data that affect the financial decision-making process

scholarly journals SCIENTIFIC-THEORETICAL AND ORGANIZATIONAL ASPECTS OF THE ORGANIZATION OF ACCOUNTING AND CONTROL IN THE FIELD OF SMALL BUSINESS OF UKRAINE

2021 ◽  
Author(s):  
Olena Melen ◽  
Tetiana Zhadan
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Developed Countries ◽  
Accounting System ◽  
Legal Form ◽  
Accounting Data ◽  
Financial Flows ◽  
Business Operations ◽  
Business Entities ◽  
And Control

The small business sector in Ukraine does not yet play such an important role in the national economy as in economically developed countries. He fights almost daily for "survival", forced to constantly adapt to current market conditions. The development of small business is one of the priority areas of economic development at the present stage. The state relies on small business for rapid and positive structural changes in the economy, overcoming the crisis and creating conditions for market reforms. The issue of organization of accounting and control is relevant for small businesses of any form of ownership and organizational and legal form. This is due to specific features in the application of methods and techniques of accounting and control. A single view on the definition of the term "organization of accounting" scientists have not yet defined, so this question is still relevant. Features of the organization of the accounting system in small enterprises depend on the choice of the small business tax system, the choice of form of accounting, the choice of accounting system, the use of chart of accounts by small businesses and the ability to keep accounts without using the chart of accounts and principle double entry, which is typical for micro-entrepreneurs. The presence of quite frequent changes in legislation and approaches to doing business, which regulate the accounting and tax accounting of small businesses require constant improvement of accounting. Undoubtedly, the guarantee of successful operation of the enterprise is experienced management and strict control over business operations and financial flows. Control of accounting and reporting is carried out to ensure the reliability of accounting data; prevention of loss of money or valuables as a result of theft or abuse; ensuring accurate accounting of business transactions occurring in the business activities of business entities, and information in accounting registers, etc. That is, accounting control is a set of procedures that ensure the safety of assets of business entities and the accuracy of reporting prepared by the accounting department. Financial control of business operations and financial flows is the key to successful business entities. Therefore, in small businesses it is very important to form an effective system of accounting and control.

MENGENAL DOKTRIN DAN PRINSIP PIERCING THE CORPORATE VEIL DALAM HUKUM PERUSAHAAN

2018 ◽  
Vol 1 (2) ◽  
pp. 380-399
Author(s):  
Sandra Dewi
Keyword(s):  
Legal Status ◽  
Limited Liability ◽  
Corporate Law ◽  
Company Law ◽  
Fiduciary Duty ◽  
Legal Form ◽  
Business World ◽  
Company Directors ◽  
Piercing The Corporate Veil ◽  
Business Entities

Business entities in the business world are well-known that are already in the form of companies or those that are not yet companies. Based on its legal form, the company is divided into two, namely companies with legal status and those that are not legal entities. As an independent legal entity pursuant to Article 3 paragraph (1) the Limited Liability Company Law stipulates that the responsibility of PT shareholders is limited to the value of shares held in the company. Economically, the element of limited liability of the company's shareholders is an important factor as a motivating bait for the willingness of prospective investors to invest in the company. The formulation of the problem in this paper is: 1) how the piercing doctrine of the corporate veil in corporate law and 2) how to apply the principle of piercing the corporate veil in Indonesia. The type of writing used in this writing is a type of normative legal research. The doctrine of piercing the corporate veil in corporate law can be seen from: a) piercing the corporrate veil; b) the doctrine of fiduciary duty; c) self dealing transaction doctrine; d) doctrine corporate opportunity; e) doctrine businnes judgment rule; f) ultra vires and intra vires. Application of the Piercing Principles of the Corporate Veil in Indonesia: a) company shareholders; b) company founder; c) company directors; and d) commissioners of limited liability companies.

MODERN PROBLEMS OF ACCOUNTING AND ANALYTICAL ENSURING FINANCIAL RESULTS MANAGEMENT

2020 ◽  
Author(s):  
Yuliia Peniak ◽  
◽  
Nataliia Horokhovatska ◽  
Keyword(s):  
Performance Management ◽  
Enterprise Management ◽  
Goods And Services ◽  
Financial Condition ◽  
General Evaluation ◽  
Net Profit ◽  
Business Entities ◽  
Results Management ◽  
Main Components ◽  
The Impact

The main purpose of any enterprise in the market economy is to obtain high financial results. One of the main conditions for the effective functioning of the enterprise is ability to generate profit in the amount that will create the financial basis for further development and expansion of the enterprise, comply with social and material needs, ensure competitiveness in the market of goods and services. The need for accounting and analytical management of financial results stems from needs of owners, the state and employees in information that will enable them to identify patterns and trends in financial results, identify and assess the main factors influencing the process of their creation, distribution and usage, identify reserves and thus increase the level of profitability. Despite the significant scientific contribution in the field of research of financial results of the enterprises, the issue of improvement aims to the accounting and analytical maintenance of management of financial results of the enterprise remains actual. That is why the purpose of the study is to substantiate the theoretical and practical aspects and develop approaches to improving the mechanism of formation of accounting and analytical support for the management of financial results of the enterprise. Accounting and analytical management of financial results of the enterprise is a set of interconnected elements of production and management system, activities carried out by the subject of management, creation of a certain structure, as well as collection, accumulation, storage and analysis of information necessary for effective operation of the enterprise. The main components of the study of accounting and analytical support of financial performance management are the formation of methods of analysis, control and forecasting of financial results, which requires specification of the components of the analytical and controlled process within the organizational and information model. Namely, the formation of reliable information about the financial condition of the enterprise, the analysis of economic indicators of the enterprise is of great importance in the system of general evaluation of business entities. Their research makes it possible to assess the dynamics of the structure of income and expenses, to determine the impact of factors on the company's profit from various activities, as well as to find reserves to increase the net profit of enterprises. Thus, the improvement of accounting and analytical support of enterprise management is based on the use of modern forms, methods and principles that place new demands on the formation of unbiased, complete, timely, clear and useful accounting and analytical information about the enterprise and its financial results.

ANALISIS BIAYA VOLUME LABA PADA PT. HADINATA BROTHER DALAM KAITANNYA DENGAN PENINGKATAN PROFITABILITAS PERUSAHAAN

2019 ◽  
Vol 7 (02) ◽  
pp. 141
Author(s):  
Muhammad Nur Rizqi
Keyword(s):  
Accounting System ◽  
Sales Volume ◽  
Fixed Costs ◽  
Range Analysis ◽  
Product Mix ◽  
Key Words Cost Analysis ◽  
Income Statement ◽  
Conducting Research ◽  
Cost Accounting System ◽  
Break Even Point

Cost volume profit is concerned with determining the sales volume and product mix needed to achieve the level of profit. This analysis is a tool that will provide information to management about the relationship between costs, profits, product mix and sales volume based on the following assumptions: that all costs can be separated into part variable and part fixed, and that the total fixed costs are constant throughout the range analysis, and total variable costs change proportionately to changes in volume. The purpose of this study was to find a level of significance, the analysis reports in a vertical Income, Profit and Loss report analyzes horizontal and analytical results reported in the Profit and Loss concern cost volume profit at PT. Hadinata BROTHERSThe research method used is a case study method. This method covers the activities carried out by conducting research directly to the location to obtain the necessary data in connection with the problem under study. The study was conducted at the manufacturing company PT Hadinata BROTHERSFrom the results of research conducted, that the PT Hadinata BROTHERS January sales of 100%, February 77.02%, March 69.63%, 69.96% April, May 38.23%, 41.92% June decline highly significant, while the price of goods sold in January 97.65%, February 98.73%, March 90.59%, 97.66% April, May 177.40%, 112.25% in June and operating costs of January 2, 87% February 2.84% March 2.57% April 3.22% May 5.64% June 6.22%. Resulting in profits in January -0.53% February -1.67% March 6.83% -0.88% April, May -83.05%, -18.47% in June. So the calculation of break even point analysis (BEP) for January Rp. 1.884.750.000, February Rp. 1.6245 billion, in March Rp. 1.953.437.500, In April Rp. 1.889.750.000, May Rp. 1.323.000.000, June Rp. 1211370000.The results of the evaluation in this study that Analysis on the Income Statement in a vertical, PT Hadinata BROTHERS unprofitable can be said because it has not shown the numbers increased continuously. Overall in each unit of the income statement is presented there are irregularities that occurred at the Cost of Goods Sold which almost every month figures show a drop sales Cost of Goods or small. Analysis on the income statement horizontally, PT. Hadinata BROTHERS is a graph showing a decline in the percentage of each month. Overall figures on Cost of Goods Sold problems are large, while the sales figures showed a decline in every month. To anticipate the losses the company needs to make cost accounting system is organized so it can be budgeted revenues, expenses and profits as well. Key words: cost analysis of volume, profitability profit 

AN ARCHIVAL INVESTIGATION OF A LATE 19TH CENTURY ACCOUNTING INFORMATION SYSTEM: THE USE OF DECISION AIDS IN THE AMERICAN PRINTING INDUSTRY

2001 ◽  
Vol 28 (1) ◽  
pp. 3-18 ◽  
Author(s):  
Roger B. Daniels ◽  
Jesse Beeler
Keyword(s):  
Information System ◽  
19Th Century ◽  
Cost Allocation ◽  
Decision Aids ◽  
Accounting Information ◽  
Accounting System ◽  
Printing Industry ◽  
Late 19Th Century ◽  
Accounting Information System ◽  
Cost Accounting System

This study investigates management's use of decision aids within the context of an accounting information system of a late 19th century American printing firm. Our findings suggest that the use of decision aids by management transformed traditional accounting techniques and the cost accounting system into an intricate accounting information system by 1880. These decision aids allowed managers to manipulate accounting information to support decisions involving pricing, cost allocation and estimation, profitability assessment, management of receivables, and inventory control. The findings shed new light on the early work of Alexander Hamilton Church on the issue of idle time accounting and raises questions about the uniform costing movement in the American printing industry.

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