Modern features and tools to analyze the insolvency (bankruptcy) of organizations

2020 ◽  
Vol 19 (12) ◽  
pp. 2301-2335
Author(s):  
I.V. Zenkina
Keyword(s):  
Financial Indicators ◽  
Internal Factors ◽  
Financial Condition ◽  
Modeling Systems ◽  
Depth Analysis ◽  
Analysis And Synthesis ◽  
Methodological Approaches ◽  
Financial Characteristics ◽  
Definition Of ◽  
Methodological Aspects

Subject. The article considers the definition of specific methodological aspects, systematization of methodological approaches and substantiation of tools for the analysis of insolvency (bankruptcy) of economic entities, which enable to timely diagnose negative changes in organization’s financial condition, take measures to prevent unfavorable developments in the situation, and optimize the management impact on business stability. Objectives. The purpose is to determine methodological tools relevant to the analysis and forecast of organization’s insolvency (bankruptcy) to ensure their high quality, clarification of financial and non-financial indicators for deeper analysis, and objective conclusions regarding the financial prospects. Methods. The paper employs analysis and synthesis, detailing and generalization, comparison, abstraction, analogy, economic and mathematical modeling, systems and strategic approaches. Results. The paper shows signs and types of bankruptcy of economic entities, systematizes external and internal factors of organizations’ bankruptcy, includes the results of statistical analysis of economic entities’ bankruptcy in the Russian Federation, defines the methodological features of the analysis of insolvent organizations and its information base, generalizes methodological approaches and tools for analyzing the insolvency (bankruptcy), offers and underpins financial and non-financial indicators that are valuable for using in the framework of in-depth analysis and assessment of the likelihood of insolvency (bankruptcy). Conclusions. The proposals aim at increasing the validity of the organization’s assessment in terms of its compliance with the going concern principle, ensuring the adequate economic, legal and financial characteristics of the business, and formulating objective conclusions on possible bankruptcy and risks for stakeholders.

scholarly journals Economic security as a component of Ukraine's national security

2019 ◽  
Keyword(s):  
National Security ◽  
Economic Security ◽  
Enterprise Strategy ◽  
Historical Aspect ◽  
Progressive Development ◽  
Complex Approach ◽  
Analysis And Synthesis ◽  
Methodological Approaches ◽  
Definition Of ◽  
Methodological Aspects

The article is devoted to the study of the essence of economic security, the prerequisites of its formation, the definition of the place of economic security in the system of national security of Ukraine. The article conducted a study of theoretical and methodological approaches to the definition of the category of "economic security". The levels of normative regulation of economic security, the historical aspect of the formation of economic security are considered. The main approaches to the interpretation of the essence of the category “economic security of an enterprise” are highlighted. The subject of research is the theoretical and methodological aspects of the formation of the essence of economic security. The aim of the article is a complex study of the essence of economic security, the preconditions of its formation and the definition of its place in the system of national security. The task: to determine the theoretical principles of the role and place of economic security in the national security of Ukraine on the basis of a systematic approach. The methods of research: the methodological basis of the study is the dialectical method of knowledge of economic phenomena, the position of the economic theory of economic security; the analysis and synthesis to determine the theoretical foundations for the economic security formation. The following results were obtained: a study was conducted of theoretical and methodological approaches to the definition of the categories “economic security” and “economic security of an enterprise”. The main conceptual approaches to the interpretation of the essence of the category “economic security of an enterprise” are: the effective use of the resource potential of an enterprise; the state of development of the production and economic system; competitive advantages in the implementation of the enterprise strategy; state of economic development; protection from external and internal threats; harmonization of the economic interests of the enterprise and the environmental subjects; operational stability and progressive development; A complex approach. Considered the level of normative regulation of economic security, the historical aspect of its formation. Conclusions: The role of economic security in the national security of the country is justified. The main approaches to the interpretation of the essence of the category «economic security of an enterprise» are highlighted.

Developing capital accounting practices in the integrated reporting system of agricultural organizations

2020 ◽  
Vol 23 (8) ◽  
pp. 906-921
Author(s):  
R.A. Alborov ◽  
S.M. Kontsevaya ◽  
S.V. Kozmenkova
Keyword(s):  
Original Method ◽  
Theory And Practice ◽  
Integrated Reporting ◽  
Governance System ◽  
Analysis And Synthesis ◽  
Agricultural Organizations ◽  
Set Up ◽  
Definition Of ◽  
Methodological Aspects ◽  
Agricultural Organization

Subject. This article deals with the theory-and practice-relevant issues of classification and content definition of different types of capital used as sources of operations financing, and recommendations for developing their accounting in agricultural organizations. Objectives. The article aims to substantiate the organizational and methodological aspects of capital accounting development to generate information on value reserve and creation of value as new in the organization's integrated reporting. The article also aims to define the classification and content of capital types as sources of financing for the organization's activities and develop recommendations for developing the accounting of the availability, increase, reduction or transformation of the relevant types of capital in the organization's business activities. Methods. For the study, we used the methods of analysis and synthesis, induction and deduction, analogy, and comparison. The scientific works of domestic specialists and regulations, including the International Standard on Integrated Reporting (IR) are the methodological basis of this work. Results. The article defines conceptual provisions and offers practical recommendations on the set-up and development of capital flow accounting in the corporate governance system of the agricultural organization. It clarifies the classification and economic content of capital as a source of funding for the organization's reproduction activities. The article also offers an original method of accounting for the value reserve (balances) and capital changes. Conclusions and Relevance. The practical application of the developed recommendations for value accounting and capital changes will help generate all the necessary information in the integrated reporting of the agricultural organization to assess its reserves of value, create value as new, economic, environmental, and social efficiency of the organization's activities. The results of the study can be used to develop the theory, methodology and techniques of accounting of capital types as sources of financing of value creation as a result of the agricultural organization's business activities.

scholarly journals Effective budgeting as a priority of the company›s development

2021 ◽  
Vol 16 (2) ◽  
pp. 46-53
Author(s):  
S. B. Kashkimbayev ◽  
A. N. Zhakupov
Keyword(s):  
Modern World ◽  
Budget Process ◽  
Budget Management ◽  
Subsequent Formation ◽  
Financial Condition ◽  
Analysis And Synthesis ◽  
Fierce Competition ◽  
The Right ◽  
Methodological Aspects ◽  
The Impact

In the modern world, in the conditions of economic instability and fierce competition, companies need to have effective tools that can provide an opportunity to study the current financial condition, compare cash inflows and outflows, approve the right decisions that contribute to the subsequent formation and development of the enterprise, as well as optimize management costs. In a company, such an important tool for financial planning, as well as control, is budgeting.This article discusses the tasks, goals, methods, disadvantages and advantages of budgeting, illustrates the full continuous cycle of budget management and the stages of development of the concept of budgeting. In addition to the theoretical aspects, the article considers the empirical and methodological aspects. The purpose of this article is to generalize the theoretical provisions and develop the organizational and methodological aspects of the application of budgeting and the impact of effective budgeting on the development of the overall company. The article uses complex and systematic approaches to the processes and phenomena under study, which is achieved through the methods of analysis and synthesis, review and collection of information, statistical analysis, scientific abstraction and visualization.In the conclusion of the article, the conclusions are made, that a properly formed concept of budgeting, improvement of methods and elements of the budget process will make it possible to manage the capital, as well as a single commercial, and the company as a whole, establishing the sequence of business types, terms and trends of restructuring. This will allow the owners of companies to adapt their business in time to all possible changes in market conditions.

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 Methodological approach to determining the level of business entities’ financial potential

2020 ◽  
Vol 17 (4) ◽  
pp. 31-41
Author(s):  
Alina Mordovets
Keyword(s):  
Statistical Methods ◽  
Methodological Approach ◽  
A Priori ◽  
Mining Industry ◽  
Graphical Analysis ◽  
Financial Indicators ◽  
Theoretical Approaches ◽  
Analysis And Synthesis ◽  
Business Entities ◽  
Definition Of

Trends in the development of Ukrainian mining companies have shown that it is important to increase their financial potential. This necessitates an assessment of the financial capacity of business entities to determine the directions, methods for attracting additional and optimizing existing financial resources. The aim of this research is to determine a methodological approach to determining the level of financial potential of economic entities through the use of mathematical and statistical methods to identify the current financial status of economic entities and financial reserves of development. General scientific and special research methods, analysis and synthesis, graphical analysis, taxonomic analysis, cluster analysis, as well as abstract and logical methods were used to achieve the goal. Theoretical approaches to defining the essence of the concepts of “potential”, “financial potential of economic entities” were systematized to specify the boundaries of each of the concepts, its components. Definition of the essence of the “financial potential of economic entities” concept was proposed. A set of financial indicators to assess the level of financial potential through a priori ranking based on the analysis of literature sources was developed. The selected financial indicators were grouped according to the financial potential components; the integral indicators for each group were calculated. Business entities in the mining industry in Ukraine were grouped into clusters according to calculated taxonomic indicators. Besides, the level of financial potential for each cluster was determined. The methodological approach to the diagnosis of the level of financial potential of economic entities was developed using mathematical and statistical methods. This made it possible to identify trends in the development of financial potential, which allows forming measures to increase it.

scholarly journals Cash flow planning at the enterprise

2021 ◽  
Vol 2021 (2) ◽  
pp. 21-28
Author(s):  
Oleh Dorosh ◽  
◽  
Iryna Plish ◽  
Keyword(s):  
Cash Flow ◽  
Cash Flows ◽  
Production Costs ◽  
Economic Activities ◽  
Internal Factors ◽  
Financial Investment ◽  
Financial Condition ◽  
Business Entities ◽  
Operational Activities ◽  
Definition Of

Ensuring the efficiency of production and economic activities of the enterprise requires a constant turnover of funds and effective cash flow planning. The most important component that ensures the continuous operation of the company is cash receipts and expenditures, which show the current financial condition of enterprise, are used to cover production costs, as well as ensure the solvency of the enterprise and the ability to avoid financial debts to banks, government and other business entities. Cash flow planning for domestic enterprises is particularly acute. This manifested itself in the crisis created by the Kovid-19 pandemic. The presence of a financial cushion saved a number of companies from bankruptcy, however, the consequences of an unfinished pandemic are ahead. Therefore, given the above, the relevance of cash flow planning and the formation of basic concepts on this topic is undeniable. The task of the article is to identify the features of cash flow planning of the enterprise and build a clear sequence of this process. The article analyzes the definition of "cash flow", "cash flow planning" and provides a generalized definition of these concepts. The key types of cash flows that are present in the enterprise are given. The main external and internal factors that affect the cash flow of the enterprise are presented. The process of cash flow planning is carefully researched and the sequence of cash flow planning by types of production and economic activity is developed with clear detailing of each stage, where sources of income for enterprises from financial, investment and operational activities, expenses for the same activities and opportunities for optimization are sought. increase revenue and minimize costs. The article proposes the use of such cash flow planning tools as payment calendar, schedule, planned cash flow budget. So, the formation and planning of cash flows in enterprises in today's conditions is a necessary and important process. The success of the company's operation in domestic and foreign markets depends on the rationality of planning and use of funds in enterprises.

scholarly journals Review of the monograph “O. Yu. Dyagel. Analytical procedures of anticrisis management: monograph. Krasnoyarsk: Sibirial Federal University, 2020. 268 p.”.

2021 ◽  
Vol 15 (4) ◽  
pp. 851-858
Author(s):  
D. V. Manushin ◽  
T. V. Kramin
Keyword(s):  
Crisis Management ◽  
Financial Analysis ◽  
Practical Significance ◽  
Complete Analysis ◽  
Financial Indicators ◽  
Financial Condition ◽  
Wide Range ◽  
Analysis And Synthesis ◽  
Logical Method ◽  
Analytical Procedures

Objective: to conduct a detailed and complete analysis of a monograph by O. Yu. Dyagel2, which is devoted to the study of a wide range of issues related to analytical procedures of crisis management.Methods: the basic techniques of the abstract-logical method were used (analysis and synthesis, analogy, generalization, comparison, transition from abstract to concrete, etc.).Results: the leading line of this work is the differentiation of analytical procedures for crisis management, which implies a further standardization of individual diagnostics of enterprises’ financial condition. The reviewers emphasize the importance of the approaches to diagnosing the enterprises’ financial insolvency, systematized in the monograph.The reviewers assess the grouping of the author's approaches in the implementation of analytical procedures for crisis management, starting with preventive crisis management and ending with arbitration management.Scientific novelty: a new promising direction of financial analysis has been identified: standardization of an individual financial analysis based on specific groups of financial indicators suitable for a specific enterprise and its situation.Practical significance: the reviewers concluded that O. Yu. Dyagel’s monographic study contains examples of the practical application of the theoretical, methodological and regulatory approaches studied by the author, which significantly increases the possibility of their application in practice.

scholarly journals COMPETITIVENESS AND COMPETITION: ESSENCE AND APPROACHES

2001 ◽  
Vol 1 (3) ◽  
pp. 240-247
Author(s):  
Valeriya Mihno ◽  
◽  
Marina Krylova ◽  
Marina Glotova
Keyword(s):  
Time And Space ◽  
Internal Factors ◽  
Information Base ◽  
Common Features ◽  
Close Relationship ◽  
Methodological Approaches ◽  
Business Entities ◽  
Definition Of ◽  
The Impact

The works of scientists devoted to the study of competition and competitiveness were used as the information base of the study. The article discusses various theoretical and methodological approaches to the definition of the economic essence of the concepts of "competition" and "competitiveness". The discussion of economists regarding the definition of the designated categories continues at the present time, since there is a close relationship between their essence and the impact of external and internal factors on the activities of economic entities, and the list and content of these factors varies in time and space. The authors analyzed the interpretations of the concepts of "competition" and "competitiveness" in order to identify the most common features in determining their essence. Based on the studied approaches, the author's interpretation of the category "competitiveness" is formulated. The results of the conducted research can be used in the formation of a strategy for the development of business entities in the markets of goods, works, services.

scholarly journals Ways to Improve the Methodology of Analysis of the Financial Condition of the Enterprise

2021 ◽  
pp. 100-105
Author(s):  
Alla Dmytrenko ◽  
Oksana Furmanchuk
Keyword(s):  
Financial Reporting ◽  
Critical Assessment ◽  
Stable Operation ◽  
Financial Indicators ◽  
Enterprise Development ◽  
Enterprise Information System ◽  
Enterprise Information ◽  
Financial Condition ◽  
Methodological Approaches ◽  
Optimal Set

The article summarizes the main methodological approaches to determining the financial condition of the enterprise, considers the stages of analysis of the financial condition of the enterprise. The main approaches to assessing the financial condition of the enterprise and the development of proposals to improve the methodology of analysis of the financial condition of the enterprise, the assessment of the financial condition of the enterprise to find reserves to increase profitability and strengthen commercial calculation as a basis for stable operation other institutions. A critical assessment of the concept of «financial condition» and its definition by various experts is analyzed. Based on the study of improving the methodology of analysis of the financial condition of the enterprise, it is determined that today the most necessary to improve the financial condition of the enterprise is to improve information and methodological support of the financial condition of the enterprise, development of methodological support for forecasting the financial condition of the enterprise. Content of work at each stage, improvement of forms of financial reporting, which will increase its analytical capabilities, development of methods of comprehensive scoring of the financial condition of the enterprise, which would analyze the state of the enterprise for the optimal set of financial indicators and ratios, improvement of theoretical principles of enterprise information system.

scholarly journals Financial Condition as an Object of Accounting and Analytical Support and Internal Control

2021 ◽  
Vol 93 ◽  
pp. 02009
Author(s):  
Anton Chepulyanis ◽  
Natalia Mokina ◽  
Irina Vlasova
Keyword(s):  
Internal Control ◽  
Information Support ◽  
Financial Condition ◽  
Definition Of ◽  
Methodological Aspects

The article presents theoretical and organizational and methodological aspects of accounting and analytical support and internal control of the financial condition of the organization. The authors highlight the main directions of interpretation of the definition of "financial condition", and provide the author's definition of this category. The paper describes the process of information support for managing the financial condition of an organization, and reveals its main blocks. The article also provides a methodology for accounting and analytical support of the financial condition forecasting process.

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