scholarly journals FINANCIAL ASPECTS OF PUBLIC-PRIVATE PARTNERSHIP PROJECT MANAGEMENT IN THE FISHERIES SECTOR

2020 ◽  
pp. 104-112
Author(s):  
L.I. Sergeev ◽  
◽  
R.A. Mnatsakanyan ◽  
Keyword(s):  
Economic Policy ◽  
Financial Planning ◽  
Financial Management ◽  
Planning System ◽  
Project Finance ◽  
Fishing Industry ◽  
Large Set ◽  
Finance Management ◽  
Promising Area ◽  
Financial Management System

The results of fisheries are effects of important economic and social importance. Therefore, the problems of the development of the fishing industry occupy a special place in economic policy at all levels of government. There is a fairly large set of measures for such a policy. Nevertheless, the scale and complexity of the problems in the fishing industry in our country necessitates a further search for optimal forms of interaction between the state and the organizations of the fishing business. The basis of interaction can be the PPP mechanism — one of the generally recognized ways to solve complex socio-economic problems. The purpose of this article is to develop an approach to the organization of financial management of PPP projects in the field of fisheries. The theoretical basis of the work is the provisions of the methodology of financial planning and project finance management. The article discusses the financial and economic aspects of PPP projects in the fishing industry. A multilevel model for organizing financial planning of such projects is proposed, recommendations are given on its practical application and the selection of tools that serve as its filling. It is concluded that the goal of financial planning of PPP projects in the fishing industry is to ensure long-term sustainable development of enterprises, consistent with the priorities and goals of social development. The scientific novelty of the work done is to systematize the views on PPP finance management and develop on this basis an approach to organizing a financial planning system within the framework of PPP projects taking into account the specifics of the fishing industry. The practical value of the results of this study is determined by the possibility of using them to develop measures of state economic policy in the field of the fishery complex, in particular, in the formation of state and regional target programs, as well as in the implementation of PPP mechanisms in the industry. It seems that the detailed study of financial planning tools and the development of practice-oriented methods that ensure the effectiveness of the PPP financial management system in the fishing industry can become a promising area for further research.

scholarly journals Sistem Pendanaan Proyek Perusahaan Jasa Konstruksi Berbasis Web

2021 ◽  
Vol 6 (3) ◽  
pp. 121
Author(s):  
Hilyah Magdalena ◽  
Hadi Santoso ◽  
Litha Leonita
Keyword(s):  
Information System ◽  
Financial Management ◽  
System Development ◽  
Object Oriented ◽  
Project Finance ◽  
Web Based ◽  
Construction Company ◽  
Finance Management ◽  
The Status ◽  
Financial Management System

CV. Yusti Karya as a construction company realizes that the ability to manage project finances is an important requirement for smooth project management. CV.Yusti Karya often has to manage several projects simultaneously in remote locations. This condition makes it difficult for the finance staff in the office to manage project financial allocations and also makes it difficult for project managers in the field and must report the status of project expenditures to the office. This difficulty drives CV. YustiKarya improved the project's financial management system from using spreadsheets to a web-based information system. Web-based information system will be developed using object-oriented methods. The object- oriented system development method was chosen because of its modular development capabilities and adapts to system requirements. The development of this system aims to enable Person in Charge (PIC) projects in the field to submit expenditures and can be immediately approved by the financial staff in charge. Online project finance management between project PICs and finance staff helps harmonize financial management. The Director can monitor the flow of the latest project finance developments online.

scholarly journals Program-Targeted Approach in Public Finance Management: Modern Problems of Budgetary Planning

2021 ◽  
pp. 107-121
Author(s):  
Igor Molchanov ◽  
Natalia Molchanova ◽  
Natalia Nurislamova
Keyword(s):  
Public Finance ◽  
Financial Management ◽  
Information Technologies ◽  
Public Law ◽  
Planning System ◽  
Financial Policy ◽  
Budget Process ◽  
Finance Management ◽  
Financial Management System ◽  
The Impact

The purpose of the article is to identify areas for improving budgetary planning tools as an integral part of public finance management. The level of quality of budgetary planning is an important factor in balancing budgets at different levels of the budget system at the time of increasing global instability. Effective measures are taken under conditions of permanent improvement of financial management, based on the use of advanced information technologies, innovative methods for assessing the socio-economic situation of public-law entities. Theoretical and methodological bases of functioning of the budgetary planning system, the possible ways of its improvement in the context of institutional transformations are identified. During the period of actualization of strategic goal-setting in the economy, for the development of the financial management system in terms of improving the budget process, a detailed analysis and assessment of the impact of internal and external factors on the financial and economic environment is required. Opportunities to identify certain patterns and objective trends in the dynamics of macroeconomic indicators and parameters of budgets of the budgetary system are created on this basis. The timeliness of the use of such financial tools as budgeting, result orientation and program-targeted planning, the use of which allows to link the expenditures of public-law entities with the current financial policy, as well as to increase the degree of openness and transparency of the budgetary process, has been proved. Conclusions on the advisability of applying best foreign practices in the activities of financial management bodies at the subnational level are drawn. The key areas of further research in the spatial aspect are the development of multivariate forecasts and econometric models that make it possible to assess the possibilities of economic development of the country and the tax potential of administrative-territorial units.

scholarly journals Conceptual Model of Enterprise Financial Management System with the Application of Modern Information Technologies

2021 ◽  
Vol 14 (4) ◽  
pp. 47-55
Author(s):  
Yu. P. Kishkovich
Keyword(s):  
Conceptual Model ◽  
Financial Management ◽  
Management System ◽  
Information Technologies ◽  
Technology Development ◽  
Management Tools ◽  
Finance Management ◽  
Management Regime ◽  
Modern Information ◽  
Financial Management System

In modern conditions of information technology development, the business management regime has changed. The sphere of management has expanded from internal to external. The innovation model of corporate Finance management must also adapt to this change. In an era of the global implementation of information systems and management tools, the innovation of the corporate financial management regime is not only in the rational planning and use of the company’s own resources but also in the inclusion of various categories of social resources necessary for the company’s operations in the category of corporate financial management and delivery to the enterprise. The purpose of the article is to consider the conceptual model of the financial management system of enterprises using modern information technologies. In the study, the author used a systematic approach to the enterprise’s financial management and methods of economic and deterministic factor analysis, synthesis, and grouping as well.

INSTRUMENTI RACIONALIZACIJE BUDžETSKOG SISTEMA UJEDINjENOG KRALjEVSTVA

2021 ◽  
pp. 681-691
Author(s):  
Milivoje Lapčević ◽  
Keyword(s):  
Financial Planning ◽  
Financial Management ◽  
Public Management ◽  
Management System ◽  
New Public Management ◽  
Public Budgeting ◽  
The United Kingdom ◽  
New Public ◽  
New Ideas ◽  
Financial Management System

This paper will analyze various aspects of contemporary attempts to reform the financial management system in the United Kingdom. The traditional model of public budgeting in this country has not remained immune to the trends of rapid adoption of rationalist concepts of modeling financial planning systems, which are initially based on the „umbrella“ conceptual framework - the doctrine of the New Public Management. The paper will describe the main operational instruments for introducing new ideas into the British financial management system, and will point out the key shortcomings that have determined their scope in the practice of public budgeting.

scholarly journals ANALISIS PERENCANAAN DAN PERTANGGUNGJAWABAN APBDes MENURUT PERATURAN MENTERI DALAM NEGERI NOMOR 113 TAHUN 2014 DALAM UPAYA MENINGKATKAN PEMBANGUNAN DESA

2017 ◽  
Vol 12 (2) ◽  
Author(s):  
Vega Virjinia Orangbio ◽  
Jantje J Tinangon ◽  
Natalia Gerungai
Keyword(s):  
Financial Planning ◽  
Financial Management ◽  
The Public ◽  
Descriptive Research ◽  
Rules And Principles ◽  
Qualitative Descriptive ◽  
Planning Implementation ◽  
Financial Management System ◽  
Sound Management ◽  
The Village

Village financial management is the whole activity which includes planning, implementation, reporting and accountability of village finances. A sound management of village finances must be managed in accordance with the rules and principles and human resource capabilities that implement them. The purpose of this study is to analyze the suitability of financial management in two inobonto villages with the rules of the minister of home affairs number 113 of 2014 which includes the activities of planning, implementation, and accountability by using qualitative descriptive research method. The results showed the regulation of the minister of home affairs number 113 of 2014 on the management of village finance in the village inobonto two subdistricts bolaang mongondow not fully implemented according to existing rules. For financial planning and execution activities in two village inobonto, not yet transparent information to the public on the budget of village expenditure income. The village financial management system in the village of inobonto 2 has not yet used the village financial system (SISKEUDES). So it is expected that in the village financial management activities in the next budget year should use the village financial system.Keywords: Village financial planning, village financial implementation, village financial accountability, APBDes Permendagri No.113 Year 2014.

scholarly journals ANALISIS PERENCANAAN PENGELOLAAN KEUANGAN DESA SESUAI DENGAN PERATURAN MENTERI DALAM NEGERI NOMOR 113 TAHUN 2014 DI DESA KAUNERAN I KECAMATAN SONDER KABUPATEN MINAHASA

2017 ◽  
Vol 12 (2) ◽  
Author(s):  
Mewvi I. Walukow ◽  
Lintje Kalangi ◽  
Sherly Pinatik
Keyword(s):  
Financial Planning ◽  
Financial Management ◽  
Management Process ◽  
Analysis Method ◽  
Government Regulations ◽  
Management Planning ◽  
Planning Stage ◽  
Finance Management ◽  
The Government ◽  
The Village

Village financial management planning is the first step in the village financial management process. This planning stage is very important because in relation to village financial management, this stage of planning is the process by which the draft APBDesa will be developed. The purpose of this research is to know the financial planning in Kauneran I village, Sonder sub-district of Minahasa regency. This research uses qualitative analysis method. The results showed that at the planning stage of village financial management in the village of Kauneran I still not in accordance with Permendagri 113/2014. This is seen in the government regulations on APBDesa that should be evaluated by the local Bupati / Walikota is not implemented at all. In addition, the lack of participation from the community also becomes another fator of constraints in the planning stages of village finance management. This indicates that the financial management of villages in Kauneran I village has not implemented a participatory principle in accordance with Permendagri 113/201.Keyword: Perencanaan Village’s Financial Management, Permendagri No. 113/2014

scholarly journals IMPLEMENTATION OF EFFECTIVE FINANCIAL MANAGEMENT IN BUSINESS

2021 ◽  
Author(s):  
Kseniia Velykykh ◽  
Keyword(s):  
Financial Planning ◽  
Financial Management ◽  
Financial Analysis ◽  
Sustainable Growth ◽  
Necessary Condition ◽  
Business Success ◽  
Related Area ◽  
Wide Range ◽  
Bibliographic Search ◽  
Financial Management System

The article is devoted to discussing and highlighting the importance of financial management for business success. Over time, the importance of existing tools (management and financial) and their contribution to the success and development of the company becomes apparent. This article aims to present the financial management of the company and its functions, as its tools can help achieve better results in the organization. The purpose of the work is to test the importance of financial planning for the success of the organization, justify the need to improve the financial management system, provide financial management for sustainable growth of the company, theoretical and practical recommendations for implementing advanced methods of financial management. To achieve this goal, a bibliographic search was conducted on scientific articles, books, and journals on this topic. As a methodological process, a theoretical basis was chosen to confirm the need for proper use of accounting and financial instruments for the company. It was found that today the planning organization has a better chance of surviving in the market. Based on the results of the work performed, it can be concluded that financial management is an effective tool for finding results. This is a wide range of factors that can influence companies' decisions. This related area includes some factors, such as economic conditions, market direction, training of the necessary specialists and others. The financial administrator must carefully plan every action within the company because the market does not tolerate management errors. The current situation requires entrepreneurs to control their finances, but reality shows that entrepreneurs often make several simple mistakes due to lack of planning and financial analysis of their company. Therefore, financial management becomes a necessary condition for business success. Thus, the purpose of this work was achieved because it confirmed the importance of financial planning for the organization. Organizations must always be in constant search of information, knowledge, technology to surpass all competing companies.

Directions for improving the public finance management system of the country

2021 ◽  
Vol 2021 (8) ◽  
pp. 47-67
Author(s):  
Yurii LUPENKO ◽  
◽  
Yurii RADIONOV ◽  
◽  
Keyword(s):  
Public Finance ◽  
Economic Policy ◽  
Economic Development ◽  
Financial Management ◽  
Management System ◽  
Fiscal Rules ◽  
The Public ◽  
Finance Management ◽  
New Instrument ◽  
Socio Economic Development

The article analyzes the system of public finance management of the country, identifies a number of existing problems and outlines areas for further improvement and development. Emphasis is placed on the need to apply best practices in public finance management, in particular the introduction of a new instrument for coordinating fiscal and economic policy, called the European Semester, a tool for monitoring compliance with fiscal rules, similar to the German debt brake, and appropriate regulatory measures as well as the application of program-target budgeting method. It is expedient to create in Ukraine a tool similar to the European Semester in order to strengthen monitoring of the formation and implementation of fiscal, budgetary, economic policy of the state, promote broad public involvement and other stakeholders in 7collectivediscussion of budget requests, plans, concepts, socio-economic development strategies, carrying out structural economic reforms. The authors focus on the existing system of public finance management of the country, which requires an integrated approach, taking into account all components as a holistic mechanism of the system. It is emphasized that digitalization of the entire system and reduction of paperwork to zero will improve its manageability. In reforming the public financial management system, it is necessary to determine the unique role of each institution, which operates within a single mechanism and affects the effectiveness of its work, including those that assess its condition and ensure the reliability of the system, stimulate effective levers and tools finances. This will increase the efficiency of the distribution of budget expenditures, ensure the rational use of budget funds, sustainable dynamics of socio-economic development of the country, increase the welfare of citizens. Keywords: budget, budget funds, budget expenditures, public finance management system, socio-economic development of the country.

scholarly journals Public finance management system in modern conditions

2020 ◽  
Vol 17 (4) ◽  
pp. 402-410
Author(s):  
Alla Chornovol ◽  
Julia Tabenska ◽  
Tetiana Tomniuk ◽  
Liudmyla Prostebi
Keyword(s):  
Public Finance ◽  
Public Debt ◽  
Financial Management ◽  
Management System ◽  
Budget Deficit ◽  
Negative Impact ◽  
The Public ◽  
Finance Management ◽  
Public Financial Management ◽  
Financial Management System

The public finance management system is an important lever for equalizing financial and budgetary disproportions in the context of institutional changes. The paper aims to substantiate the directions of development of the public financial management system. Economic and statistical methods and correlation-regression analysis methods are used to determine the relationship between the GDP deflator and the share of revenues, expenditures, the general government budget deficit, and public debt in GDP, assessing the features of the public financial management system in Ukraine and EU countries. This study reveals that one of the main restraining factors in the public finance system development is a significant level of uncertainty in economic processes, which intensifies macroeconomic fluctuations, significant indicators of the share of public debt and budget deficit of the state administration sector pose risks to financial and economic stability; their potential negative impact on socio-economic processes is much more destructive than the pro-cyclical nature of fiscal policy. From this point of view, the public finance management system should be directed at optimizing financial and budgetary tools to prevent the growth of public debt and budget deficit in gross domestic product, which determines the importance of substantiating further development directions of the public financial management system. It is concluded that the mechanism of public financial management in recent years is quite rigid and restrictive, in the context of institutional change expands the tools of public financial management and increases its impact on socio-economic processes.

scholarly journals INFORMATION-ANALYTICAL SECURITY FINANCIAL PLANNING OF ACTIVITIES OF INDUSTRIAL ENTERPRISES

2021 ◽  
pp. 64-69
Author(s):  
Олександр Носирєв ◽  
Марина Дядюра
Keyword(s):  
Financial Planning ◽  
Financial Management ◽  
Planning Process ◽  
Individual Characteristics ◽  
Industrial Enterprise ◽  
Planning System ◽  
Successful Implementation ◽  
Sufficient Information ◽  
Industrial Enterprises ◽  
Effective Functioning

The article investigates the financial and economic essence of financial planning and proves that the problem of formation of information and analytical support of financial planning in an industrial enterprise becomes very important and requires a clear rationale and solutions. Analyzed modern methods of financial planning and forecasting companies that provide objective results of the company and found that despite the results achieved, the problem of formation of information–analytical providing financial planning at an industrial enterprise is still not completely solved. The author's classification of information for the needs of financial planning is made and it is proved that for the successful implementation of financial planning the financial management is recommended to use a sufficient information base that describes the individual characteristics of the financial structure of the enterprise and its position in the market. The priority tasks of information and analytical support of the financial planning process are investigated. The system of information and analytical support of financial planning of the enterprise from external sources has been developed. Indicators of information and analytical support of financial planning based on information from internal sources are investigated. The indisputable role of information resources in the activities of modern business entities of any industry is proved. From information must begin the management process (inputs) and information it ends (the output) and the reliability, accuracy, truthfulness, objectivity, timeliness of data, effective operation of the system of information‒analytical security depends on the effective functioning of economic entities. Thus, in competitive conditions of internal and external markets, the effective functioning of the system of information and analytical support of financial planning helps to reduce risks and make rational management decisions. It is concluded that the basis of the financial planning system is the financial plan, the availability and reliability of information affect the correctness of this document.

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