scholarly journals Features of accounting and information risk management in the conditions of impact of COVID-19

2021 ◽  
pp. 40-46
Author(s):  
Вікторія Костянтинівна Макарович ◽  
Олена Олександрівна Григоревська ◽  
Наталія Степанівна Стойка
Keyword(s):  
Decision Making ◽  
Risk Management ◽  
Relevant Information ◽  
Information Support ◽  
Enterprise Management ◽  
Comparison Analysis ◽  
High Quality ◽  
Asset Impairment ◽  
Analytical System ◽  
The Impact

The purpose of the article is to develop theoretical provisions and develop guidelines for improving approaches to accounting for risks of exposure to COVID-19 and disclosure of information about them in the reporting of economic entities. In the process of research the methods of observation, comparison, analysis, synthesis, generalization were used. The study is based on the hypothesis that high-quality accounting and information support will increase the validity, efficiency and analytical information about the risks of COVID-19 and their impact on business activities in accordance with modern management requirements, strengthening the responsibility of performers, improving management accounting. The article summarizes the approaches to the impact of uncertainty and risk on the accounting and analytical system of enterprises, which are considered in scientific circles by domestic researchers. The risks of the enterprise’s activity that are relevant in the conditions of the COVID-19 pandemic are highlighted: risks caused by restrictions by legislative and regulatory acts; risks due to the occurrence of obligations related to the production and sale of products, goods, works, services; risks of asset impairment; risks to the recognition and measurement of liabilities; risks of possible bankruptcy; investment risks. to identify risk and assess it, you can use the «triple method». It is established that the accounting and information support of risk management in the conditions of influence of COVID-19 includes: methodical support of risk accounting, analytical support, documentary support; display of information on risks in the reporting, which allowed developing a report on the risks of the impact of COVID-19 on the activities of the enterprise. The obtained results are the basis for bringing the system of accounting and analytical support to a qualitatively new level and will generate useful, truthful and relevant information for enterprise management in decision-making to minimize the impact of risks on business activities through COVID-19.

scholarly journals Instruments of organizing accounting function in the realization of information support to enterprise management

2002 ◽  
Vol 45 (3-4) ◽  
pp. 251-257 ◽  
Author(s):  
Ljubica Gajic
Keyword(s):  
Decision Making ◽  
Information Sources ◽  
Information Support ◽  
Enterprise Management ◽  
Basic Information ◽  
High Quality ◽  
Business Decision ◽  
Record Keeping

Business decision-making, based on real circumstances and future suppositions demands relevant and high quality informative support. Accounting with planning, record keeping, control and analyze, presents, not the only but one of the basic information sources. It is necessary to organize accounting in a way that will, with usage of instruments adequate to accounting and all contemporary methods, models and techniques, or in other words new methodological accounting solutions, provide reliable informative support for decision making to enterprise managing.

scholarly journals ACCOUNTING AND CONTROL OF INVENTORIES AS A BASIS FOR EFFECTIVE MANAGEMENT OF A TRADING ENTERPRISE

2020 ◽  
Author(s):  
Iryna Krupelnytska ◽  
Keyword(s):  
Decision Making ◽  
Quality Management ◽  
Management Accounting ◽  
Enterprise Management ◽  
Management Effectiveness ◽  
High Quality ◽  
Trading Company ◽  
And Control ◽  
Accounting Policy

Inventories are main resources of the trading company. Analysis, accounting and control of inventories determines the management effectiveness of commercial enterprises processes. It is necessary to accelerate the turnover of commodity resources in order to increase the profits of a trading company. Successful turnover of commodity resources can be determined with the help of high-quality operational management accounting information, which is the basis for analysis, decision-making and further control of the trading company. Obtaining management information achieved with establishment of an effective accounting policy, which is the direct responsibility of the company's management. The interdependence of the accounting policy type, quality management accounting, operational analysis and clear control over inventories at the trade enterprise determines the effectiveness of enterprise management and profit in the long-term perspective.

Antimicrobial prescribing for hospital-acquired pneumonia

2020 ◽  
Vol 81 (1) ◽  
pp. 1-3
Author(s):  
Tim Felton ◽  
Dan Wootton
Keyword(s):  
Decision Making ◽  
Antibiotic Prescribing ◽  
High Quality ◽  
Antimicrobial Prescribing ◽  
High Quality Evidence ◽  
Hospital Acquired Pneumonia ◽  
Hospital Acquired ◽  
The Impact ◽  
Inform Decision Making ◽  
Quality Evidence

The impact of hospital-acquired pneumonia and the pressure to reduce unnecessary antibiotic prescribing has lead to the publication of prescribing guidelines from the National Institute for Health and Care Excellence. This editorial gives an overview of the guidelines and emphasises the need for more high-quality evidence to inform decision making in this group of patients.

Consumers' perceptions of personal decision-making: Its relation to cognitive dissonance

2000 ◽  
Vol 26 (2) ◽  
Author(s):  
S. Brijball
Keyword(s):  
Decision Making ◽  
Cognitive Dissonance ◽  
Motor Vehicle ◽  
External Influence ◽  
Correct Decision ◽  
High Quality ◽  
Significant Percentage ◽  
The Impact ◽  
The Empirical Analysis ◽  
Personal Decision

The study assesses consumers' perceptions of their personal decision-making ability and process. The empirical analysis was undertaken on a sample of 200 new motor vehicle consumers. The results indicate that the majority of the consumers displayed confidence in the decisions they took, believing they engaged in high quality and correct decision-making and were able to conclude good deals. The majority of consumers indicated that they were not influenced by external others and were not anxious during decision-making, although a significant percentage reported the impact of external influence and anxiety during purchases. Opsomming In hierdie studie word verbruikers se waameming van hulle eie besluitnemingsvermoe en proses geevalueer. Die empiriese ontleding is uitgevoer op n steekproefvan 200 eienaars van nuwe voertuie. Dit blyk uit die resultate, dat die meerderheid verbruikers vertroue gehad het in hulle besluitnemingsproses, dat hulle besluite korrek was en dat hulle n lonende transaksie beklink het. Die meerderheid het aangedui dat hulle nie beihvloed is deur eksteme invloede nie en dat hulle nie anstig was tydens die besluitnemingsproses nie, alhoewel n betekenisvolle persentasie van verbruikers wel hierdie invloede en angstigheid gedurende die aankoop ervaar het.

When Do Opportunity Costs Count? The Impact of Vagueness, Project Completion Stage, and Management Accounting Experience

2010 ◽  
Vol 22 (1) ◽  
pp. 85-108 ◽  
Author(s):  
Lisa Marie Victoravich
Keyword(s):  
Decision Making ◽  
Management Accounting ◽  
Relevant Information ◽  
Opportunity Costs ◽  
Decision Making Process ◽  
Business Partner ◽  
Project Completion ◽  
Management Accountants ◽  
Two Factors ◽  
The Impact

ABSTRACT: Management accountants have recently migrated toward a business partner role, and as a result they often assist management with the decision-making process. Thus, it is imperative that they excel at identification of relevant information such as opportunity costs. This study experimentally tests the prediction that management accounting experience mitigates the tendency to ignore opportunity costs with respect to two factors: opportunity cost vagueness and project completion stage. This study also investigates whether attending to opportunity costs has an impact on project continuance decisions. Results indicate that management accounting experience mitigates the effect of vague opportunity costs and project completion stage. It was also found that attention to opportunity costs acts as mediator and this in turn reduces the tendency to continue an existing project. This suggests that attending to opportunity costs influences decision-making and that it is likely to have an economic consequence.

Directory of businesses economist

2017 ◽  
Author(s):  
Vladimir Slyepukhin ◽  
Vadim Sverchevskiy ◽  
Elena Nazarova ◽  
Anatoliy Govorin ◽  
Lelya Pashtova ◽  
...  
Keyword(s):  
Business Processes ◽  
Relevant Information ◽  
Enterprise Management ◽  
Business Planning ◽  
Highly Qualified ◽  
Management Decisions ◽  
High Quality ◽  
Strategic Objectives ◽  
Effective Implementation

Directory of businesses economist contains answers to basic questions that are constantly faced economists in their practice enterprises and firms. The book includes information on how to organize enterprise management, establish business processes, business planning, to determine the strategic objectives and set targets, take educated management decisions and to ensure their effective implementation. The book focuses on practical economists, financiers, accountants - beginners to experts and highly qualified professionals - everyone will find here a lot of new, useful and relevant information for the effective and high-quality execution of their professional duties.

From climate projections to climate change services in Australia – retrospective and future directions

2020 ◽  
Author(s):  
John Clarke ◽  
Karl Braganza ◽  
Geoff Gooley ◽  
Michael Grose ◽  
Louise Wilson
Keyword(s):  
Climate Change ◽  
Decision Making ◽  
Risk Management ◽  
Climate Science ◽  
Relevant Information ◽  
Climate Projections ◽  
Government Investment ◽  
Help Desk ◽  
The North ◽  
Impacts Of Climate Change

<p>Australia is the World’s driest inhabited continent. It is highly exposed to the impacts of climate change: surrounded by sensitive marine ecosystems including the Great Barrier Reef, vulnerable to tropical cyclones and changing monsoonal patterns in the north, experiencing declining rainfall and runoff in the heavily populated southern and eastern parts of the country, and subject to increasingly severe bushfires. The ever-present flood, drought and bushfire cycles have historically motivated government investment in programs that aim to understand the nation’s climate and its drivers, and to inform adaptation planning and disaster risk management.</p><p>Accordingly, the Commonwealth Scientific and Industrial Research Organisation (CSIRO) and the Australian Bureau of Meteorology (BoM) have been at the forefront of understanding Australia’s past and future climate for four decades.</p><p>The most recent national climate projections were published in 2015. These focussed on the needs of the natural resource management sector and represented a first step towards delivery of climate change services tailored to the sector’s needs. Products included decision support tools and provision of training for capacity building. A key component of the research program was stakeholder engagement from inception. The resultant Climate Change in Australia website (www.climatechangeinaustralia.gov.au) and Help Desk represented the most ambitious steps to date towards a comprehensive Australian climate change service, and were a first attempt at user-driven information delivery.</p><p>Now five years on, users' needs have evolved substantially. Key drivers of this include: (1) the Paris Agreement (2015) to limit global temperature rise to below 2.0°C (ideally below 1.5°C) above pre-industrial levels, (2) implications of the Taskforce for Climate-related Financial Disclosures (TCFD, 2017), and (3) IPCC Special Reports. This has occurred on top of a trend towards increasingly sophisticated uses of climate projections datasets for decision-making. Existing products do not meet all user needs. There is a pronounced ‘pull’ from users of climate projections for sector-specific "decision-relevant" information for risk-management decisions. The cross-jurisdictional impacts of climate change have also resulted in a need for authoritative, standardized and quality-assured climate scenarios for the entire country, to facilitate whole of sector, cross-agency and multi-sector responses and adaptation. As Lourenco et al (2016) said, climate change services for Australia need to shift from “science-driven and user informed services to user-driven and science informed services.”</p><p>There is increased emphasis on sector-specific tools that aim to provide decision-relevant information and underpinning datasets. An ongoing challenge is the need to enable the uptake of climate information in decision-making. This necessitates a skill uplift on the user side. To date, efforts have focused on the water, finance, energy, and indigenous land management sectors. Increasingly, the focus within Australia is on working together across jurisdictional boundaries to provide nationally consistent information; with enhanced transparency drawing upon climate science resources within universities and all levels of government. Strong partnerships with the private sector are also needed in order to deliver to burgeoning demand. Success will require genuine co-design, co-production and co-evaluation of sector-specific products with a suite of support services appropriate to the needs of diverse users.</p>

Decision Making Regarding Prophylactic Mastectomy: Stability of Preferences and the Impact of Anticipated Feelings of Regret

2008 ◽  
Vol 26 (14) ◽  
pp. 2358-2363 ◽  
Author(s):  
Sandra van Dijk ◽  
Mariëlle S. van Roosmalen ◽  
Wilma Otten ◽  
Peep F.M. Stalmeier
Keyword(s):  
Breast Cancer ◽  
Decision Making ◽  
Risk Management ◽  
Prophylactic Mastectomy ◽  
Coping Process ◽  
The Future ◽  
Management Preferences ◽  
The Impact ◽  
Stability Of Preferences ◽  
Over Time

Purpose Women who test positive for a BRCA1/2 mutation face difficult choices to manage their breast cancer risk; one of these choices is whether to opt for prophylactic mastectomy. Few data are available about this decision-making process. The current study provides data regarding the stability of risk-management preferences over time and the factors that are associated with these preferences. Patients and Methods We analyzed data from 338 women who opted for breast cancer antigen (BRCA) testing. First, we prospectively assessed preferences of 80 BRCA mutation carriers at five different points in time ranging from 1 week after blood sampling up to 9 months after BRCA-test disclosure. Second, we applied univariate and multivariate regression analyses to examine which medical, sociodemographic, and psychological factors are related to a preference for prophylactic mastectomy. Results Ninety percent of the women already indicated a preference regarding risk management at baseline. Moreover, most women had stable preferences over time. Furthermore, anticipated feelings of regret in case of a hypothetical breast cancer diagnosis in the near future were strongly related to risk-management preference (odds ratio = 8.93; P < .0001). Conclusion Women seem to decide at a relatively early stage about their risk-management preferences. Many of them may be sensitive to the possibility of regret in case of a bad outcome. We discuss whether possible regret in the future is a rational reason for opting for prophylactic mastectomy, or whether it signifies an emotional coping process or strategy in which the future costs are no longer fully considered.

scholarly journals The tasks of the analytical support of management and their implementation

2020 ◽  
Vol 11 (2) ◽  
pp. 41-48
Author(s):  
I. Lazaryshyna ◽  
◽  
O. Symonenko ◽  
Keyword(s):  
Decision Making ◽  
Cash Flows ◽  
Information Support ◽  
Enterprise Management ◽  
Management Decision ◽  
Effective Management ◽  
Strategic Decisions ◽  
Managerial Decisions ◽  
Management Decision Making ◽  
Decision Making System

The article is devoted to the actual and less studied problem of realization of the management decision-making analytical support tasks. It is grounded that full or partial uncertainty of the environment in which the enterprise operates determines the clearly structured regulations formation that maximize the information support volume and quality. It is noted that the analytical support task at tactical and strategic management levels is different. On the basis of application of scientific research common scholarly and special methods, the coordination of analytical support tasks of their realization decision-making and consequences in activity-based management was carried out. The comparison of the effective and efficient enterprise management essence has been carried out. It is determined that effective management is the integration of functional and infrastructural components to achieve the long-term enterprise goals. The comparative analysis of traditional tasks of effective management economic analysis and analytical support was carried out. It has been substantiated that the analytical support tasks must necessarily be coordinated with the format of the management solution support system and the management type. A strong correlation between effective management and accounting and analytical support has been established. The influence of tactical and strategic decisions information support by the level of materiality on the reasons of low-quality management has been identified. The model of managerial decisions acceptance and realization in the activity-based management system is reviewed and supplemented. It is offered to allocate two groups of management performance assessment indices-indicators. The first indices-indicators group includes indices of dynamics of assets, capital, liabilities, incomes, expenses, financial results, cash flows. The second group includes indices characterizing the decision-making system as a whole.

scholarly journals Accounting in a single information space of the enterprise

2021 ◽  
pp. 158-165
Author(s):  
Svitlana Skrypnyk ◽  
Inesa Shepel ◽  
Hanna Holovchak
Keyword(s):  
Decision Making ◽  
Information System ◽  
Financial Reporting ◽  
Small Businesses ◽  
Small And Medium Enterprises ◽  
Accounting Information ◽  
Information Support ◽  
Accounting Systems ◽  
Medium Enterprises ◽  
The Impact

Purpose. The aim of the article is to study of accounting as an information system of enterprises for effective management decisions. Methodology of research. The study used general and special methods of cognition, in particular: methods of theoretical generalization and comparative analysis – for the analysis of relevant scientific literature; system approach, methods of analysis and synthesis – to substantiate the methodology of research of the accounting information system; generalization – in the study of current rules and regulations on the regulation of accounting, methods of reflecting its results and features of accounting processes in the enterprise; abstract and logical – in the generalization of theoretical positions and the formation of conclusions and proposals. Findings. The importance of disclosing the development and knowledge of accounting information and the impact it has on decision-making in small and medium-sized enterprises, as well as micro-enterprises, has been identified. It is established that the general economic development of the country requires adequate information, reliable and important for economic decisions from investors, managers, state administrators, etc. It is concluded that high-quality and reliable financial information is a key element in the decision-making process, in particular the availability of such information is of particular importance for business management and is generally in the public interest. Originality. The main factors of the influence of information support on the accounting of small enterprises are substantiated and revealed. The peculiarities of the practice of accounting systems that can be considered appropriate for small and medium enterprises in accordance with their specific circumstances and needs. It is suggested that an important factor influencing the construction of accounting in small business is the diversity of accounting systems. Practical value. The obtained results of the research allow to deepen the theoretical foundations and develop practical recommendations for improving the information support of accounting in small businesses, as well as to apply them for further research. Key words: small and medium enterprises, accounting, information, information system, financial reporting, decision making.

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