scholarly journals FINANCIAL SUSTAINABILITY OF THE ENTERPRISE IN MODERN CONDITIONS

2021 ◽  
pp. 44-51
Author(s):  
Tetyana Nazarova ◽  
Alina Havryk
Keyword(s):  
Financial Stability ◽  
Negative Consequences ◽  
Financial Strategy ◽  
Resource Potential ◽  
Planning And Control ◽  
Scientific Papers ◽  
Important Direction ◽  
Internal And External Factors ◽  
And Control ◽  
Stable Development

The article considers the concept of financial stability of the company in modern conditions, reveals the real situation on this issue, indicates ways to improve the situation. An important direction is to ensure an adequate level of financial stability, which guarantees the rational use of resource potential and stable development in the future. Based on the issues and purpose of the study, an analysis of scientific papers was conducted to determine the concept of financial stability. Differences among scientists in understanding the concept and the problem of lack of clear directions and programs to improve the financial stability of the enterprise are identified. Taking into account the opinions of numerous authors, the determining internal and external factors influencing the financial stability of the enterprise are highlighted. It is determined that today economic and financial factors have the greatest impact on financial stability. The concept of internal and external financial stability is considered. To assess financial stability, it is proposed to use a system of indicators, as one specific group is not enough to characterize the level of stability. The negative consequences of financial instability with unsatisfactory indicators of financial stability are considered. Ways to increase financial stability are proposed. The importance of choosing a financial strategy as a lever in the development of the company is determined. The analysis of the financial stability of the enterprise is considered as a consistent, step-by-step consideration of all parameters related to the conduct of economic activity. Forecasting and analyzing measures to improve financial stability, it is noted that in the modern economy an important component of the process of developing and implementing the financial strategy of the enterprise is financial controlling. The importance of planning and control to ensure financial stability is revealed. Recommendations for stabilizing the company's financial activities have been developed.

scholarly journals How a learning factory approach can help to increase the un- derstanding of the application of machine learning on produc- tion planning and control tasks.

2021 ◽  
pp. 125-142
Author(s):  
Alexander Rokoss ◽  
◽  
Kathrin Kramer ◽  
Matthias Schmidt
Keyword(s):  
Machine Learning ◽  
Manufacturing Sector ◽  
Real Data ◽  
Lead Times ◽  
Data Sets ◽  
Negative Consequences ◽  
Scientific Publications ◽  
Face To Face ◽  
Planning And Control ◽  
And Control

Technological progress and increasing digitalization offer many opportunities to production companies, but also continually present them with new challenges. The automation of processes is progressing in manufacturing areas and technical support systems, such as human-robot collaboration, are leading to significant changes in workflows. However, in other areas of companies large parts of the work are still done by humans. This is partly the case with the use of production data. Although much data is already collected and sorted automatically, the final evaluation of this data and especially decision-making is often done by humans. In particular, this is the case for decisions that cannot clearly be made based on conditional programming. The use of machine learning (ML) represents a promising approach to make such complex decisions automatically. A sharp increase in scientific publications in the recent years demonstrates the trend that more and more companies and institutions are looking into the use of machine learning in production. Since ML is beeing applied across several industries, the resulting massive shortage of skilled workers in the field of ML has to be addressed in short and medium terms by training and educating existing employees in production companies. A contemporary approach to building competencies in dealing with problems in the manufacturing sector is the use of learning factories as a knowledge transfer enabler. They offer learners the opportunity to try out methods in a realistic environment without having to fear negative consequences for the company. The results of actions performed by participants can be experienced directly without any time delay, resulting in better learning results compared to conventional face-to-face teaching. This chapter shows how learning factories can support teaching machine learning methods in the field of PPC. For this purpose, the determination of lead times using real data sets is addressed with ML-based methods. Parallelly, the competencies required for the respective tasks were extracted. Based on this, elements of a learning factory were designed that simplifies the considered processes, so that the problem can be easily understood by learners. The last part of the chapter describes several learning factory game phases aiming on teaching the identified competencies. The described learning factory enables participants to setup ML-based projects in the context of manufacturing.

scholarly journals THE PROBLEM OF THE BANKRUPTCY CONCEPT DEFINITION IN THE CORPORATE SECTOR

2021 ◽  
Vol 4 (3) ◽  
pp. 115-123
Author(s):  
Neli Muntean ◽  
◽  
Iulian Muntean ◽  
Gabriela Valuta ◽  
◽  
...  
Keyword(s):  
Sustainable Development ◽  
Financial Stability ◽  
Management Practice ◽  
Legal Framework ◽  
Eastern Bloc ◽  
Corporate Sector ◽  
The Sustainable Development ◽  
Planning And Control ◽  
Concept Definition ◽  
And Control

The issue of the bankruptcy notion definition has a major importance in the context of the management practice and theory, internal planning and control of the company. The objectives of the article are to analyse the theoretical principles, highlight and systematize the most successful meanings and definitions related to the term of "bankruptcy", interpreting the economic content of such a category as "bankruptcy in the corporate sector". For this purpose, the method of analysis of the scientific literature was applied. The publications chosen as the research base were mainly selected from the Google Scholar and ResearchGate databases between 2016 and 2020. This study is one of the few researches that involves the analysis of the legal framework especially in the countries of the former Eastern bloc. The results show that the terms that are often used in the bankruptcy literature are: failure, insolvency and bankruptcy. These terms are sometimes used interchangeably, although formally each of them can be defined in a different way. At the same time, following the lexicographical analysis of the concept of bankruptcy in the sustainable development of a company, the authors proposed to visualize the correlation between bankruptcy, financial stability and sustainable development in the corporate sector.

scholarly journals ANALISIS ANGGARAN KAS SEBAGAI ALAT PERENCANAN DAN PENGENDALIAN KAS PADA PT PELABUHAN INDONESIA IV CABANG BITUNG

2018 ◽  
Vol 13 (02) ◽  
Author(s):  
Raquel Amelia Saipi ◽  
Jantje J. Tinangon ◽  
I Gede Suwetja
Keyword(s):  
Research Result ◽  
Management Tool ◽  
Budget Planning ◽  
Planning And Control ◽  
The Difference ◽  
Draw Conclusion ◽  
Internal And External Factors ◽  
The Cost ◽  
And Control ◽  
Observation Period

PT Pelabuhan Indonesia IV Branch Bitung uses the cash budget as their management tool, for the planning and control of the company's cash in achieving the success of the objectives to be achieved by the company. The purpose of this research is to know how cash budget as a planning and control tools cash in PT Pelabuhan Indonesia IV Branch Bitung with observation period of cash budget in 2015, 2016, and 2017. In this research, using descriptive method by collecting information from research result then analyze and draw conclusion from research, method of collecting information in this research by direct interview with finance section about process of preparing cash budget. The results show that the cash budgeting process in PT Pelabuhan Indonesia IV Branch Bitung uses a buttom up budgeting approach where the budget is prepared and prepared by the parties who will implement the budget. The causes of the difference (variance) between the budget and the realization of the cash budget are internal and external factors of the firm. Planning the cash budget by estimating the cost and analysis of the company's activities and for controlling its cash budget in the form of control over good deviations is favorable or unfavorable as well as revisions to deviations that occur.Keywords: Cash Budget, Planning, Controlling

scholarly journals The Financial Strategy of Anti-Crisis Management for an Entrepreneur in Modern Conditions of Operation

2020 ◽  
Vol 12 (515) ◽  
pp. 465-470
Author(s):  
H. M. Azarenkova ◽  
Keyword(s):  
Crisis Management ◽  
Financial Stability ◽  
Negative Consequences ◽  
Financial Strategy ◽  
Financial Condition ◽  
Significant Damage ◽  
Wide Range ◽  
Modern Economic ◽  
Business Entities ◽  
Key Aspects

The article is aimed at identifying key aspects of anti-crisis management, in particular the choice of its most effective instruments. It is noted that modern economic entities do operate under the conditions of constant impact of crisis factors. Most entrepreneurs suffer the most significant damage as a result of global financial and economic crises, political instability and a new challenge of the present – the COVID-19 pandemic. All these events require business entities to organize a permanent unit of anti-crisis management, the purpose of which is to minimize or eliminate the negative consequences of crisis phenomena. Among the key aspects of anti-crisis management, the leading place is held by the most adequate instruments for overcoming the consequences of the crisis. The article examines a wide range of modern anti-crisis management instruments and determines that one of the most efficient of them be the anti-crisis financial strategy. In this regard, the priority of the financial aspect of anti-crisis management is substantiated and a special place of anti-crisis financial strategy as its key instrument is proved. The «tree of goals» of the anti-crisis financial strategy is built up as a fundamental element in its development. It is specified that in order to build up an efficient anti-crisis financial strategy, first of all, a comprehensive assessment of the valid financial condition of the corresponding entity is required and the most used indicators of such an assessment are proposed in four directions – assessment of financial stability, liquidity, business activity, and profitability.

AUDIT OF REGISTERED CAPITAL: ORGANIZATIONAL AND METHODOLOGICAL ASPECT

2017 ◽  
Author(s):  
Nadia Bugay ◽  
◽  
Kateryna Gergalo ◽  
Keyword(s):  
Financial Stability ◽  
Management Policy ◽  
Important Indicator ◽  
Accounting Data ◽  
Financial Condition ◽  
Operations Control ◽  
And Control ◽  
Stable Development ◽  
State Form

Against the background of the current difficult global economic conditions, the issue of carrying out anti-crisis measures in the country's economy as a whole and at enterprises separately arises first of all. After all, the policy of preserving (and, even better, increasing) capital is an extremely important indicator that represents the financial stability of enterprises to economic shocks. Any enterprise (for example, a manufacturing enterprise), carrying out its activities, relies on a certain amount of its capital, which can be expressed in both monetary (classical) and non-monetary (cars, real estate, copyrights, patents, etc.) forms. As a rule, the main indicators of a country's economic development are those that characterize the production level, the conduct of a certain profitable type of activity, and others. However, the category" capital " is rarely used to analyze the financial condition of an enterprise, although it (capital) is the very basis for the origin and stable development of any business entity. The concept of capital conservation and its management strategy will allow us to find or prevent violations in time due to certain areas of audit implementation, as well as introduce the necessary changes in the company's management policy. Being an important component of management and relying on accounting data as an integral system of operations control, it is external audit that will allow us to assess the result of activities, make forecasts for improving certain areas of efficiency in conducting economic functions, and offer important management decisions regarding our own sources of financing for the company's activities. However, the transition of Ukraine to a market economy, as a result, caused the emergence of private ownership along with the state form, the emergence of which, in turn, subsequently gave an impetus to a significant increase in the role of accounting and control. The existence of these forms of ownership is simply impossible without a clearinteraction of a number of economic institutions, where one of the profile places is occupied by the Institute of audit. The main purpose of the audit can be formed simply, but truly – confirmation or refutation of information that is set out in the financial and tax statements in accordance with the current legislation of Ukraine. In other words, the audit procedure should be understood as a logically sustained,strict sequence of actions to perform the audit stages from pre-contractual work to the transfer of the audit report to the customer.

PLANNING TO MEET THE GROWING DEMANDS ON NORTHLANDS WATER RESOURCES

1986 ◽  
pp. 33-42
Author(s):  
D.L. Roke
Keyword(s):  
Industrial Development ◽  
Water Resource Management ◽  
Limited Resources ◽  
Careful Planning ◽  
Management Planning ◽  
Planning And Control ◽  
Sources Of Pollution ◽  
And Control ◽  
Resource Management Planning ◽  
Pastoral Farming

The growth in horticultural and some industrial development in selected areas of Northland has led to a need for more specific and careful planning and control of limited resources in a number of major catchments. The potential irrigation demands for horhculture comprise over 60% of Northland's potential water requirements. By contrast, farm water supply needs are only 11% of these needs. Because of their importance to the Northland economy, and in the legislation these needs are given a high priority in water resource management planning. Land uses, including pastoral farming, require careful operation to reduce diffuse sources of pollution.

In memory of professor L.S. Rosenstrauch. To the 100th anniversary

2019 ◽  
pp. 131-135
Author(s):  
T. Sh. Morgoshiia ◽  
N. A. Syroezhin
Keyword(s):  
Medical Education ◽  
Nuclear Medicine ◽  
Board Member ◽  
Postgraduate Medical Education ◽  
Editorial Board Member ◽  
100Th Anniversary ◽  
Honorary Member ◽  
Scientific Papers ◽  
Important Direction

The article presents the main stages of life and work of the professor L.S. Rosenstrauch (1918–2016). L.S. Rosenstrauch is the author of more than 300 scientific papers including 10 monographies. The important direction of his scientific works was development of new radiological techniques such as parasternal mediastinography, and development and integration of the domestic contrast agents. L.S. Rosenstrauch intensively engaged in teaching. More than 30 doctoral and more than 60 candidate dissertations were defended under his guidance or consultation. Professor was a honorary member of domestic and foreign societies of radiology, editorial Board member of the “Journal of radiology and nuclear medicine” and the international journal “Radiology – diagnostics”, coeditor of radiological section of the BME. Under his guidance a unified program of postgraduate medical education in radiology was developed.

Sign in / Sign up

Export Citation Format

Share Document