scholarly journals ABOUT THE PROBLEM OF ACCOUNTS IN THE ECONOMY OF RUSSIA

2021 ◽  
Vol 10 (34) ◽  
Author(s):  
A.Y BYSTRITSKAYA ◽  
◽  
A.A GOLOVIN ◽  
S.D MAYKOVA ◽  
D.V NIKOLENKO ◽  
...  
Keyword(s):  
Financial Stability ◽  
Research Area ◽  
Financial Assets ◽  
Effective Management ◽  
Accounts Receivable ◽  
Economic Instability ◽  
Russian Economy ◽  
Accounts Payable ◽  
Overall Performance ◽  
Twofold Decrease

In modern conditions, receivables have become an integral part of the economy of domestic enterprises, which is associated with economic instability, variations in their financial stability and often negatively affects the solvency. The growth of accounts receivable adversely affects the financial turnover of creditor enterprises, for debtors the impossibility of quick and timely fulfillment of financial obligations leads to an increase in accounts payable, thereby reducing their financial stability and increasing the likelihood of bankruptcy, which makes the problem of formation of accounts receivable a topical research area. During the study, an assessment of the state of receivables in the Russian economy was carried out, the main trends and their causes were identified. It was found that the volume of accounts receivable in the Russian economy today, despite an almost twofold decrease in 5 years - from 11.4 trillion. rub. up to 6.2 trillion rubles, as before, is quite impressive, which is associated with economic instability, accompanied by periods of greater recession and crisis phenomena. This is confirmed by the results of the study, which emphasize that today in the economy about 20% of the financial assets of enterprises are in the form of accounts receivable. Effective management of accounts receivable in difficult economic conditions is becoming increasingly important, since it is aimed at improving the overall performance of domestic enterprises and the economy.

Accounts Receivable: Payable Impact on Each Other with Special Reference to Financial Performance—A Study of Small Cap Companies

2020 ◽  
Vol 47 (4) ◽  
pp. 362-373
Author(s):  
Sangeeta Mittal ◽  
Monika
Keyword(s):  
Financial Performance ◽  
Trade Credit ◽  
Unit Root Test ◽  
Effective Management ◽  
Manufacturing Companies ◽  
Causality Test ◽  
Accounts Receivable ◽  
Accounts Payable ◽  
The Impact ◽  
Test Correlation

Trade credit is important as a funding source for companies having a liquidity shortage. Trade credit comprises of both accounts receivable and payable. The financial literature has discussed the impact of accounts receivable or payable on a company’s financial performance. However, there is a lack of studies on the effects of accounts receivable and payable on each other and further its effect on the financial performance of small-cap companies. Financial performance is determined using the profitability and value of the company. The researchers examined the financial performance implications of offering and receiving trade credit for a sample of 193 BSE small-cap manufacturing companies in India during the period 2011–2019. Granger causality test, Levin, Lin and Chu Unit root test, correlation and regression have been used for data analysis. The finding suggested that accounts receivable influenced the use of accounts payable. The aftermath of accounts payables is that it negatively and significantly affected the profitability and had an insignificant relationship with the value of the company. The result implies that effective management of accounts receivable can influence the application of accounts payable that improves a company’s profits and value. The current study is useful for SMEs’ managers in determining the financial performance and capital structure.

scholarly journals Formation of accounting and analytical information of the municipal company on accounts receivable and payable in the context of ensuring business communication

2019 ◽  
pp. 144-149
Author(s):  
Larysa Yakymova ◽  
Oleksandra Karielova
Keyword(s):  
Financial Stability ◽  
Business Communication ◽  
Financial Statements ◽  
Practical Experience ◽  
Research Process ◽  
Accounting System ◽  
Accounts Receivable ◽  
Analytical Information ◽  
Accounts Payable ◽  
Theoretical Generalization

Purpose. The aim of this article is to substantiate of methodical approaches to formation of accounting and analytical information concerning accounts receivable and payable in the context of ensuring business communication of the municipal company. Methodology of research. General scientific and special methods of cognition are used in the research process, in particular: methods of theoretical generalization and comparative analysis – for the analysis of scientific works and practical experience of improvement of communications in accounting; system approach, methods of analysis and synthesis – for substantiation of methodical approaches and suggestions for the formation of accounting and analytical information; methods of econometric modeling – for the construction of a model of net profit of municipal companies. Findings. The relationship between the problems of accounting for accounts receivable and payable and the principles of business communications are established. Changes in the financial statements of municipal companies, which are consistent with the principles of effective communication and improve the information of internal and external users on accounts receivable and payable and their impact on the financial stability of the company, are proposed. Originality. Methodical approaches to restructuring of notes to financial statements in terms of accounts receivable and payable are substantiated, which, in contrast to the existing ones, provides improved communication in financial statements of municipal companies. Practical value. Theoretical and methodical provisions of the research are brought to the level of specific proposals for the formation of accounting and analytical information on accounts receivable and payable of the municipal company. Key words: financial statements; accounts receivable; accounts payable; communications; municipal company; model.

scholarly journals Accounting, analysis and auditing integration as tools for effective company liability management

2020 ◽  
Vol 6 (3) ◽  
Author(s):  
R. Pukała ◽  
F. Yerdavletova ◽  
A. Nurmagambetova ◽  
A. S. Jondelbayeva
Keyword(s):  
South African ◽  
Financial Stability ◽  
Management Practices ◽  
Debt Management ◽  
Effective Management ◽  
Working Capital ◽  
Liability Management ◽  
Accounts Payable ◽  
Analysis System ◽  
The Moment

The article reviews the issues of effective management of the accounts payable, which financial stability and stability of the company depend on the state of the company, which is extremely important for business at the moment. Based on the analysis of scientific works of domestic and foreign scientists-specialists in the field of accounting, auditing and analysis, existing practice of company liability accounting, auditing and analysis organization, recommendations for effective management of accounts payable are developed and summarized. Recommend to make well-known coefficient analysis of the turnover of working capital, including for the management of accounts payable, which allows you to identify the weaker aspects of debt management practices. Foreign practice of company liability accounting, auditing and analysis is introduced. Examples of inefficient liability management in South African companies are given. The procedure for accounting of debts for which limitation period has expired and which has tax consequences, is briefly reviewed. Concluded that the majority of Kazakhstani companies carry out their activities at the expense of borrowed funds, since the share of their own funds in the capital is very low. When dealing with any contractors, it is important to remember that the business should bring benefit to both sides of transaction. The integration of accounting, analysis, and auditing of the company’s liabilities contributes to compliance with this simple rule. Key words: liabilities, payables, accounting, audit and analysis system, accounts payable management, financial stability, solvency, borrowed capital, integration.

scholarly journals Analysis of the organizations accounts payable of the Kalmykia Republic

2018 ◽  
Vol 80 (2) ◽  
pp. 351-357
Author(s):  
M. P. Sarunova ◽  
T. V. Burlutkin ◽  
T. Z. Sandzhieva
Keyword(s):  
Financial Stability ◽  
Financial Analysis ◽  
Dynamic Changes ◽  
Accounts Receivable ◽  
Financial Condition ◽  
Accounts Payable ◽  
The Status ◽  
The Republic ◽  
Further Development

The article shows the organizationsaccounts payableof the Republic of Kalmykia as one of the most important elements of financial analysis as a separate organization, industry and the whole region. The dynamic changes in accounts payable on the basis of statistical datawere analyzed. It was revealed that the vast majority of overdue accounts payable was formed in housing and communal services. We carried outthe structural analysis of overdue debt composition and revealed the ways of its control. In order to identify the most "vulnerable" areas of economic activity from non-payment, the share of overdue debt to the total amount of debt by industry was considered. To assess the timeliness of payments of enterprises on obligations and the quality of accounts payable, we performed the analysis of the share of overdue accounts payable in its total volume. On thatbasiswe found out the approaches to optimizing the management of accounts payable, leading to the growth of financial results and further development of the economy of the Republic of Kalmykia. To analyze financial stability, it is important to consider not only the status of accounts payable, but also the ratio of accounts receivable to accounts payable. The analysis showed that the proportion is irrational; it is obvious that companies have attracted significant borrowed resources, but currently use of them in their current activitiesinefficient. The article concludes that the financial situation of enterprises and organizations of the region is extremely unstable when there is an annual growth of accounts payable and accounts receivable. In order to stabilize the financial condition of enterprises and organizations of the Republic of Kalmykia, improve their solvency and strengthen the settlement and payment discipline we explored the possibility of restructuring of accounts payable, which requires an analysis of each creditor separately, including all components of the debt-principal amount, interest and penalties.

Public Procurement and Innovative Economy Forming

2010 ◽  
pp. 108-117 ◽  
Author(s):  
I. Smotritskaya ◽  
S. Chernykh
Keyword(s):  
Conceptual Framework ◽  
Public Procurement ◽  
Innovative Activity ◽  
Institutional Framework ◽  
Effective Management ◽  
Russian Economy ◽  
Public Resources ◽  
Innovative Economy ◽  
Procurement System

The article analyzes the conceptual framework of public procurement system as an integral part of public regulation to ensure effective management of public resources. The authors consider the problems of transition to a new "quality" of the procurement system, increasing its innovative activity. They put forward proposals for institutional framework and mechanisms of regulating procurement, meeting the needs in innovative upgrading and modernization of the Russian economy.

Managing accounts receivable and accounts payable

2021 ◽  
pp. 7-13
Author(s):  
А.П. СОЛОВЬЕВА ◽  
А.В. СКРЯБИНА ◽  
Л.А. ЭВЕРСТОВА ◽  
Ф.Н. ПЕТРОВА
Keyword(s):  
Accounts Receivable ◽  
Accounts Payable ◽  
A Company

Предприятие обязано контролировать дебиторскую и кредиторскую задолженность, следить за сроками погашения, не позволять необоснованного роста суммы дебиторской задолженности, особое внимание уделять по истребованию просроченной задолженности, вести активную работу с контрагентами. Крайне внимательно относиться к расчетам с кредиторами, вовремя погашать им долги, в противном случае предприятие будут иметь штрафные санкции по расчетам с контрагентами – все это объясняет актуальность этой проблемы. Для повышения эффективности использования дебиторской и кредиторской задолженности нами разработаны мероприятия по управлению дебиторской задолженностью. A company must control accounts receivable and accounts payable, be sure to monitor repayment rates, not allow unreasonable growth of debtors and the amount of their debts, take timely measures to recover overdue debts, and actively work with debtors. It is also necessary to be extremely attentive to settlements with creditors, repay their debts on time, otherwise the company may lose the trust of its suppliers, banks and other creditors, will have penalties for settlements with counterparties – all this explains the relevance of this issue. To improve the efficiency of the use of accounts receivable and accounts receivable, we developed measures on managing accounts receivable.

Current Development Trends in the Digital Currency Market

2021 ◽  
Vol 27 (7) ◽  
pp. 504-511
Author(s):  
E. A. Sintsova ◽  
E. A. Vitsko
Keyword(s):  
Financial Stability ◽  
Econometric Modeling ◽  
Modeling Tools ◽  
Digital Currency ◽  
Currency Market ◽  
Russian Economy ◽  
Current Trends ◽  
General Scientific ◽  
Modern Context ◽  
Current Stage

Aim. The presented study aims to analyze the development of the digital currency market, investigate trends for expanding the use of its tools, identify the peculiarities of the current stage of digital currency use, and consider the mechanism of introducing central bank digital currencies (CBDCs).Tasks. The authors specify the role and content of the digital currency market and its tools in the modern Russian economy; examine the formation and development of the cryptocurrency market from the perspective of introducing the “digital ruble”; identify regulatory prerequisites that hinder the development of the digital currency market; describe current trends and the mechanism of organizing the introduction of CBDCs.Methods. This article reflects a comprehensive approach to assessing the effectiveness of the use of digital currency market tools based on the use of economic-statistical and general scientific dialectical methods as well as the laws and principles of formal logic. The conducted studies and recommendations are based on statistics provided by CoinMarketCap. In particular, the methodological basis includes econometric modeling tools used to assess the cryptocurrency market in order to identify its characteristic traits and features.Results. Under modern conditions, the digital currency market is considered to be one of the main transformational elements of the digital economy. The authors focus on the prerequisites for the development and implementation of the domestic digital currency as an instrument of the national monetary policy and for ensuring the financial stability of the economy as a whole. This hypothesis is confirmed by the analysis and study of the global economic situation in the international digital currency market as well as the peculiarities of the functioning of its key components.Conclusions. In the modern context, it is important to have a theoretical and practical understanding of the conditions for the functioning of the digital currency market in the national economy and to find a comprehensive solution to issues associated with expanding the use of its tools for the development of the payment system and the formation of a favorable competitive environment.

scholarly journals Value Added from the Perspective of Econophysics

2021 ◽  
Vol 24 (4) ◽  
pp. 137-152
Author(s):  
Ihor Hurnyak ◽  
Nataliya Struk ◽  
Aleksandra Kordonska
Keyword(s):  
Regression Models ◽  
Economic Value ◽  
Value Added ◽  
Economic Value Added ◽  
Accounts Receivable ◽  
Goods And Services ◽  
Accounts Payable ◽  
Intermediate Consumption ◽  
Economic Forces ◽  
Business Efficiency

The production, or value added, approach to GDP involves calculating an industry or sector’s output and subtracting its intermediate consumption (the goods and services used to produce the output) to derive its value added. The value added at the macro level depends on business efficiency. It reflects an increase in value that a business creates by undertaking the production process. We assumed that the market creates thousands of vibrating energies, coming from other enterprises, with different frequencies. The purpose of this article is to verify whether the econophysics approach could be successfully used to assess a business from the perspective of the interaction between economic forces. Thus, we propose that the term ‘value added’ be understood as a certain amount of accumulated energy of enterprises that comes from the interaction of basic economic forces and economic vibrating forces of accounting. Using regression models, we show the influence of basic forces, like debt and the stock market, and vibrating ones (i.e., accounts payable, accounts receivable, inventory) on the economic value added by testing US, European, and emerging markets. We confirmed the relevance and appropriateness of the econophysics approach to estimating the economic value added.

scholarly journals Regular Econometric Model of Taylor for Albania

2016 ◽  
Vol 5 (1) ◽  
pp. 123
Author(s):  
Ergys Misha
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Interest Rates ◽  
Financial Stability ◽  
Inflation Targeting ◽  
Inflation Rate ◽  
Stock Exchange ◽  
Central Banks ◽  
Financial Assets

The Taylor’s Rule Central Banks is applying widely today from Central Banks for design the monetary policy and for determination of interest rates. The purpose of this paper is to assess monetary policy rule in Albania, in view of an inflation targeting regime. In the first version of the Model, the Taylor’s Rule assumes that base interest rate of the monetary policy varies depending on the change of (1) the inflation rate and (2) economic growth (Output Gap).Through this paper it is proposed changing the objective of the Bank of Albania by adding a new objective, that of "financial stability", along with the “price stability”. This means that it is necessary to reassess the Taylor’s Rule by modifying it with incorporation of indicators of financial stability. In the case of Albania, we consider that there is no regular market of financial assets in the absence of the Stock Exchange. For this reason, we will rely on the credit developmet - as a way to measure the financial cycle in the economy. In this case, the base rate of monetary policy will be changed throught: (1) Targeting Inflation Rate, (2) Nominal Targeting of Economic Growth, and (3) Targeting the Gap of the Ratio Credit/GDP (mitigating the boom cycle, if the gap is positive, and the contractiocycle if the gap is negative).The research data show that, it is necessary that the Bank of Albania should also include in its objective maintaining the financial stability. In this way, the contribution expected from the inclusion of credit gap indicators in Taylor’s Rule, will be higher and sustainable in time.

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