scholarly journals Analysis of the existing methods for assessing the financial state of the enterprise as a tool to ensure its economic security

2021 ◽  
Vol 82 (4) ◽  
pp. 327-334
Author(s):  
A. A. Akbasheva ◽  
E. A. Yaitskaya
Keyword(s):  
Complete Information ◽  
Economic Security ◽  
Scientific Article ◽  
Financial Indicators ◽  
Economic Activities ◽  
Business World ◽  
Financial Position ◽  
Financial Condition ◽  
External Threats ◽  
Economic Entity

In modern unstable conditions of economic development, special attention is paid to the financial condition of enterprises, since it reflects all aspects of the financial and production activities of an enterprise, determines its potential in the business world, competitiveness, stability in the market and determines potential positions in the market. Analysis of the financial condition of an enterprise in the presence of internal and external threats will allow assessing the current and prospective financial position of an economic entity, assessing the potential pace of development, identifying possible sources of assets formation, and predicting the financial position of an enterprise in the market. The scientific article summarizes modern methods of analysis and assessment of the financial condition of an enterprise, studies the systems for determining the financial condition as a tool for ensuring economic security. and also presents their features and content. Based on a comparison of the most common methods for assessing the financial condition of an enterprise, the following conclusion can be drawn: at present, when analyzing the financial condition of enterprises, the problem of choosing a methodology that meets the requirements of an enterprise to enhance the analysis of one or another block of economic and financial indicators is highlighted. That is, the given interconnections of the analyzed phenomena that characterize financial and economic activities can be very diverse and complex. Therefore, it is advisable to conduct analytics using not all the diversity, but only those factors and indicators on which the results of the financial and economic activities of the enterprise directly depend. All methods of assessing the financial condition of enterprises can be applied at enterprises in order to ensure economic security. Enterprises in an environment of uncertainty continuously need timely, objective and complete information about their financial condition to ensure constant and stable protection against real and potential threats and hazards. Moreover, owners and investors need such information. However, it is always necessary to remember and realize that the conditions of a market economy dictate their own rules, the promotion and development of enterprises takes place in a tough competitive environment, therefore, information should be submitted in a timely manner in order to make appropriate management decisions.

scholarly journals Assessment of the level of economic security of forestry enterprises in the Ukrainian Polisia zone

2020 ◽  
Vol 4 (2) ◽  
pp. 52-67
Author(s):  
Larysa Cherchyk ◽  
Alexander Shubalyi ◽  
Nina Khumarova ◽  
Artur Cherchyk
Keyword(s):  
Economic Security ◽  
Forest Area ◽  
Enterprise Management ◽  
Economic Activities ◽  
Management Decisions ◽  
Additional Information ◽  
Financial Condition ◽  
Technological Base ◽  
Forest Enterprises ◽  
Security Indicators

Introduction. Under such conditions, the problem of assessing the economic security of enterprises is actualized, which is designed to identify threats that arise in the competitive environment and the internal environment of the enterprise, to identify strengths and weaknesses in the activities of the enterprise, on the basis of which management decisions are made at the strategic level, to prevent negative situations at the operational levels of enterprise management. Aim and tasks. The purpose of the study is to assessing the economic security of forest enterprises in the Ukrainian Polissya region. Objectives of the study: generalization of scientific approaches to assessing the economic security of enterprises; determination of criteria for assessing the economic security of forestry; development and testing of methods for assessing the economic security of forestry in the Ukrainian Polissya region. Results. The calculations show a high and sufficient level of economic security in the studied forestry enterprises. However, there is a decrease in financial security indicators, which requires the adoption of current and strategic management decisions to improve financial results and improve the financial condition of forestry enterprises. The main problem is the inefficient structure of exports, namely the predominance of products with low benefit and insufficient investment in the development of technical and technological base. The proposed system of criteria and indicators can be significantly expanded depending on the ability of researchers to obtain additional information about the economic activities of forestry enterprises. Conclusions. A proposed method of assessing the level of economic security of forestry enterprises, which provides for determining the compliance of the current state of the business entity development goals (desired state), provides for the use of traditional indicators covering the main areas of economic activity of forestry enterprises. It is only important that the sample of forest enterprises is formed on the basis of belonging to the common forest area, similarity of forest area and forest area of these enterprises, as well as other factors that researchers may consider essential for the choice.

scholarly journals Institutional Mechanism for Ensuring Economic Security and Investment in an Inter-Sectoral Regional Complex

2018 ◽  
Vol 11 (6) ◽  
pp. 121-130
Author(s):  
V. V. Akberdina ◽  
O. P. Smirnova
Keyword(s):  
Economic Development ◽  
Structural Changes ◽  
Economic Security ◽  
Analysis And Evaluation ◽  
External Threats ◽  
Economic Entity ◽  
Sustainable Operation ◽  
Socio Economic Development ◽  
The Impact ◽  
Institutional Mechanism

The relevance of the research is caused by the need to form a high-quality concept of a system for management and forecasting of the socio-economic development of the sectoral and inter-sectoral complex of a region. The subject of the research is the methods for forecasting the economic security under conditions of uncertainty. The purpose of the research was to consider and evaluate a model of dynamic integration of economic security for a regional inter-sectoral complex under uncertainty conditions based on the institutional approach principles. The paper analyzes the vectors of structural changes in the regional inter-sectoral complex that includes the mining, manufacturing and construction industries. A methodology for predicting the impact of the digital economy on the economic security of the regional inter-sectoral complex is considered. A new model of forecasting the economic security of the above-mentioned complex was built to be used as a tool for regulating the socio-economic development at the regional level. A set of key conditions for the development of an institutional mechanism to ensure the economic security of the region in terms of its sustainable operation and withstanding internal and external threats and risks were formed. In turn, the institutional concept of the economic security mechanism involves constant selection, analysis and evaluation of judgments about the economic security of a region, country or economic entity. This task is achieved by comparing the numerous characteristics of economic activity. The paper concludes that the proposed method of forecasting using econometric models makes it possible to assess the economic security of a regional inter-sectoral complex and timely respond to negative performance indicators.

scholarly journals Methodological tools to ensure economic security in the personnel management system of enterprises

2019 ◽  
Vol 135 ◽  
pp. 04008 ◽  
Author(s):  
Guzaliya Klychova ◽  
Alsou Zakirova ◽  
Angelina Dyatlova ◽  
Aigul Klychova ◽  
Evgenia Zaugarova ◽  
...  
Keyword(s):  
Personnel Management ◽  
Management System ◽  
Economic Security ◽  
Enterprise Management ◽  
Effective Management ◽  
Key Factors ◽  
Factors Affecting ◽  
Financial Condition ◽  
Economic Entity ◽  
Personnel Management System

Economic security of the enterprise is designed to ensure stable and continuous functioning of the economic entity. The study of the state of economic security is one of the key factors for enterprises, as the level of its security depends on the financial condition. The purpose of personnel management in the system of economic security of the enterprise is to find ways to minimize risks and threats to employees. Ensuring economic security is one of the most important problems faced by enterprises. The overall system of integrated enterprise management is closely related to security and personnel management. The article examines the main threats and factors affecting economic security, as well as measures to improve the system of protection of the organization, the factors affecting the external and internal environment, measures for the organization of economic security in the enterprise, developed a methodology for assessing the personnel management system to make effective management decisions.

scholarly journals Methodological Aspects of the Internal Control Organization at the Enterprise and Financial Stability Analysis

2021 ◽  
Vol 11 (2) ◽  
pp. 1795-1813
Author(s):  
Nodira B. Abdusalomova
Keyword(s):  
Internal Control ◽  
Financial Stability ◽  
Scientific Article ◽  
Accounting System ◽  
Economic Activities ◽  
Financial Condition ◽  
Definition Of ◽  
Key Indicators ◽  
Methodological Aspects

The author analyzes the internal control organization in the management accounting system in this scientific article. In addition, the article is devoted to the definition of internal control and determination of the role of internal control in the financial and economic activities of the enterprise. As a result of the research, the author has developed proposals to analyze the key indicators, financial condition and profitability indicators reflected in the financial statements of the enterprise and to implement the process of planning internal control on the basis of improved stages. Moreover, the theoretical and methodological bases of the internal control system have been identified, ways to improve its reliability have been determined, and the method of organizing internal control in reliance upon the information system to raise production and sales, as well as to reduce costs has been proposed.

scholarly journals Security audit as an efficient component for development of the enterprise

2018 ◽  
Vol 20 (86) ◽  
pp. 34-38
Author(s):  
S. M. Honcharuk ◽  
N.P. Moroz
Keyword(s):  
Information Provision ◽  
Economic Security ◽  
Scientific Article ◽  
Economic Activities ◽  
Security Audit ◽  
Law Enforcement Agencies ◽  
Independent Expert ◽  
Economic Sphere ◽  
Main Components ◽  
Market Relations

The purpose of this scientific article is to find a complex solution of the implementation the security audit at the enterprise by developing theoretical and practical recommendations based on the principles of socially oriented economy. It should be focused on the information provision for the system of economic security of the enterprise. This scientific article deals with the creation of security audit at the enterprise. The authors considered the basic principles of the theory of economic security of the enterprise and researched its evolution. An analysis of the current state of the fight against offenses in the economic sphere was carried out. The prospects for implementing of the security audit were determined. Theoretical and practical elaborations in this field that have been used effectively in conditions of the market relations, combined with legal and socio-technological features of Ukraine may open new opportunities for the searching of more perfect models of security audit at the enterprises. Methodological basis of the research are scientific and empirical methods of investigation of the security audit based on the use of accounting and analytical technologies. Such methods as analysis, synthesis, comparison, historical, dialectical and statistics have been used for the exploring of this complex process. The authors provided the statistical data, which confirms not effective way of working of law-enforcement agencies related to the crimes in economic sphere. This may threaten the economic security of our state. On the basis of the study, relevant conclusions and generalizations were made. The security audit will help to identify and minimize commercial, financial and other risks in the management of the enterprise in a timely manner. This article justifies the necessity of implementing of the security audit, as an independent expert (auditor) who performs the audit of production, financial and economic activities. There were determined the main components of conceptual model of security audit at the enterprise. It should include the following elements: the purpose of the audit, methods of audit, its object and subject, assessment of the integrated security systems and subsystems of the enterprise; a mechanism to identify threats in the security audit and quality control of it.

scholarly journals DEVELOPMENT OF BASIC METHODOLOGY FOR EVALUATING FINANCIAL SITUATION OF ORGANIZATIONS

2017 ◽  
pp. 96-100
Author(s):  
Anton Vladimirovich Antonov
Keyword(s):  
Financial Ratios ◽  
Financial Indicators ◽  
Effective Management ◽  
Financial Situation ◽  
Second Stage ◽  
Financial Condition ◽  
Economic Entity ◽  
Management Of Resources ◽  
The Matrix ◽  
Integral Indicator

The financial situation of an organization can be defined as a multidimensional economic category that characterizes, by means of a set of indicators, the placement, ownership and use of financial resources, as well as their sufficiency at each point in time. In connection with this, it can be stated that an assessment of the financial condition of an economic entity allows to conclude that there is an effective management of resources and financial indicators in the period under study. This article reveals the shortcomings associated with the assessment of the financial condition of the organization by calculating relative indicators (financial ratios). The article proposes a model for assessing the financial condition of the organization, based on the standard ordering of the growth rates of the four groups of financial ratios. At the first stage of the study, a reference matrix of the rates of indicators change is built; at the second stage - the matrix of the actual rates of indicators change. At the final stage of the study, an integral indicator is formed, calculated on the basis of a comparison of the reference and actual matrices, allowing to assess the financial condition of the organization for a certain period of time.

scholarly journals METHODOLOGICAL TOOLKIT FOR ENSURING ECONOMIC SECURITY IN THE PERSONNEL MANAGEMENT SYSTEM

2020 ◽  
Vol 15 (3) ◽  
pp. 107-113
Author(s):  
Guzaliya Klychova ◽  
Alsu Zakirova ◽  
Angelina Dyatlova ◽  
Augul Klychova ◽  
Nailya Zalyalova
Keyword(s):  
Personnel Management ◽  
Internal Control ◽  
Management System ◽  
Personal Data ◽  
Economic Security ◽  
Accurate Information ◽  
Advanced Training ◽  
Economic Activities ◽  
Economic Entity ◽  
Personnel Management System

The economic security system is a set of structures or services, the continuous activity of which is aimed at increasing security from external and internal threats and ensuring effective enterprise management. Each enterprise should develop its own system that ensures economic security and takes into account the specifics, organizational structure and scale of financial and economic activities of an economic entity. The purpose of the study is to develop recommendations for improving the methodological tools for ensuring economic security in the personnel management system. The proposed tests for assessing the heads of structural divisions and assessing the personnel management system of the enterprise allow us to evaluate each individual employee and the effectiveness of the personnel management system as a whole. In particular, when selecting heads of structural divisions, it is advisable to take into account such factors as advanced training, the presence of chronic diseases, convictions and administrative offenses, arrears on rent and loans, knowledge of foreign languages, the level of use of a personal computer, etc. On the effectiveness of the personnel management system as a whole the readiness of employees for additional vocational training or advanced training affects; provision of reliable, timely, confidential and accurate information by the internal control system; availability of control of automated information systems and program control of financial and business operations; observance of the official instructions by the personnel; the presence of internal regulatory documents on the protection of personal data and the procedure for managing information activities, as well as a separate economic security service, etc. By analyzing the answers to the questions contained in the tests, it is possible to give a generalized assessment of economic security in the personnel management system, as well as to develop further measures on its increase, including the selection of potential applicants for a certain position

Formation of the financial and economic security system at the enterprise

2021 ◽  
Vol 72 (5) ◽  
pp. 78-84
Author(s):  
A. Dovgal ◽  
N. Parkhomenko
Keyword(s):  
Financial Stability ◽  
Negative Impact ◽  
Legal Protection ◽  
Economic Security ◽  
Economic Activities ◽  
Financial Flows ◽  
Financial Activity ◽  
Financial Condition ◽  
Security Indicators ◽  
The Right

The necessity of formation of financial and economic security at the enterprise in modern conditions of unstable financial situation in the country is defined. The concept of «financial and economic security» is substantiated, especially that financial and economic security is the financial and economic condition of the enterprise, through which the financial and economic interests of the company should be protected from negative external and internal factors and create the necessary financial and economic conditions for continuous successful activity and sustainable development of the enterprise. Statistics on the difficult financial security situation for both enterprises and the country are presented. The main indicators of the system and components for the formation of financial and economic security at the enterprise are analyzed. It is determined that the main factors of financial and economic security of the enterprise are: the level of financial resources; stability and firmness of the financial condition of the enterprise; balance of financial flows; the nature of financial and economic activities of the enterprise and the degree of its efficiency. Stages of formation of financial and economic security are to determine the types and causes of negative impact on the company and determine its financial condition, assessment of the current level of its security. Indicators for assessing the efficiency of the enterprise and the current state of financial and economic security of the company are presented. All these measures are aimed at ensuring the balance and sustainability of financial and economic security of the company, which consists in the effective implementation of currency, investment, settlement, stock, monetary policies, etc. as a prerequisite for the effectiveness of economic activity of the business entity. The following ways of improvement of financial and economic system are offered: improvement of normative-legal protection of all spheres of activity; ensuring the reliability of staff; protection of information used by the enterprise; effective monitoring of finances and risks of financial activity; increasing financial stability and independence by ensuring the efficiency of core activities, competitiveness of products and / or services; the right choice of strategies for market behavior.

scholarly journals IMPROVING ACCOUNTING, TAX AND MANAGEMENT INFORMATION SYSTEMS AS A FACTOR IN ENSURING THE ECONOMIC SECURITY OF AN ORGANIZATION

2020 ◽  
Vol 3 (33) ◽  
pp. 66-72
Author(s):  
Zh.D. Kulagina ◽  
◽  
N.M. Kuchukova ◽  
E.F. Mukhamadieva ◽  
◽  
...  
Keyword(s):  
Information Systems ◽  
Management Accounting ◽  
Economic Security ◽  
Enterprise Management ◽  
Modern World ◽  
Economic Activities ◽  
Management Decisions ◽  
Whole Process ◽  
Economic Entity ◽  
And Control

In modern conditions, economic security is one of the main elements of enterprise management, and to ensure it, it is very important to have reliable information about the activities of an economic entity. Moreover, accounting and information systems (accounting, tax accounting, management accounting) are the basis for planning, analysis and control of the company's activities. The importance and usefulness of information lies in the fact that it brings benefits to the entrepreneur and is used in decision-making to obtain effective results. This article discusses the problem of improving the accounting and information system of accounting, tax and management accounting to ensure the economic security of enterprises, which is one of the key in the modern world. The relationship between the three main information systems used in the activities of the entity, presented in the form of the scheme, which also demonstrates the whole process of obtaining information (starting from data collection to synthesis and recognition), they need to make competent management decisions. How complete, reliable and high-quality accounting information will be depends, first of all, on the results of a comprehensive analysis of the company's economic activities, which will serve as the beginning for making certain management decisions. The role of information in business is great and timely detection and elimination of threats to the economic security of the organization depends on it. This article discusses modern types of unfair actions that lead to a violation of economic security of an economic entity, and also identifies methods that affect their elimination. Thus, increasing information content within the framework of observing the economic security of the enterprise will contribute to the development of the enterprise as a whole. Based on the theoretical part and in the course of reasoning, the main aspects of this problem were identified, and measures aimed at eliminating it in the organization were determined

scholarly journals MANAGEMENT OF ECONOMIC SECURITY OF BUSINESS ENTITIES

2019 ◽  
Vol 42 (4) ◽  
pp. 81-88
Author(s):  
V. I. TKACHUK ◽  
Yu. K. YAREMOV ◽  
M. I. YAREMOVA
Keyword(s):  
Sustainable Development ◽  
External Environment ◽  
Business Environment ◽  
Economic Security ◽  
Economic Interests ◽  
The Sustainable Development ◽  
External Threats ◽  
Economic Entity ◽  
Business Entities ◽  
Functional Components

The article examines the role of the business environment in shaping the economic security of business entities. The key economic interests of the entity and factors of influence that originate from the internal and external environment and which have a significant impact on the commercial business are distinguished. Potential and real threats to the realization of economic interests and the achievement of goals of the business entities are foreseen. Appropriate measures of an effective system of their protection within the competence of economic security have been developed. The author's vision of defining the economic security of business entities is proposed, which is interpreted as a state of protection of economic interests against the destructive effects of the business environment that maintains resistance to internal and external threats, ensures high competitiveness and ability to sustainable development. It is proposed to distinguish certain areas of economic security, which differ in their purpose and have an individual focus, namely financial, personnel, technical and market. It is proved that the formation of components is, first of all, related to the internal environment, since its factors are solely within the competence of the economic entity and is a primary sign of its effective functioning, which will allow sustainably resisting the effects of the external environment. Internal and external threats of economic activity by separate functional components are distinguished. It is taken into account that economic security management provides for their comprehensive systematic monitoring in order to prevent and minimize destructive effects in a timely. Preventive measures have been developed to improve the level of business security, which will allow to successfully operate in the conditions of competition and to ensure the sustainable development of business entities in the future.

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