scholarly journals Formation of management reporting in the enterprise controlling system

2021 ◽  
pp. 52-57
Author(s):  
L.V. Chyzhevska
Keyword(s):  
Decision Making ◽  
Life Cycle ◽  
Financial Reporting ◽  
Information Support ◽  
Management Decision ◽  
Sources Of Information ◽  
Controlling System ◽  
Management Reporting ◽  
Information Requests ◽  
Management Report

Management reporting is an important element of both corporate governance and internal processes that are carried out in the enterprise’s controlling system. The primary purpose of management reporting is to provide information support for management decisions, which includes financial planning, financial reporting, financial analysis, management accounting, budgeting, controlling, and management reporting. Obstacles to the implementation of an effective financial reporting management system are the lack of formalized rules for the formation, submission, preparation, correction, and control of management reports. In order to overcome this shortcoming, the article introduces the term «life cycle of a management report», which is understood as a period of time that includes the development, implementation, and use of a management report until it meets user information requests. At the same time, the following stages of the management report life cycle are proposed: identifying a request from the user; identifying responsible persons and the working group participants for developing the report form; identifying reporting objects that correspond to the user’s request; defining accounting and analytical sources of information; finding out the degree of aggregation of indicators; automating data submission for updating reports; visualizing the reporting form, testing the form; identifying necessary corrections; formulating recommendations for decision-making guidance; identifying new requests. This approach will help to solve the key problem of information support for the management decision-making process, namely, the lack of coordination between user information requests and the availability of information sources to ensure them.

scholarly journals Modern Information Technologies: Obstacles and Assistants in Management Decision-Making. Article Two. Opportunities

2021 ◽  
pp. 10-16
Author(s):  
V. A. Shamakhov ◽  
N. M. Mezhevich
Keyword(s):  
Decision Making ◽  
Information Technologies ◽  
Information Support ◽  
Management Decision ◽  
Quality Of Information ◽  
Management Decision Making ◽  
Long Time ◽  
Filter Bubbles ◽  
Main Effects

The dependence of management decisions on information support is not a debatable issue for a long time. However, the changing quality of information creates both new challenges and new opportunities in the information and analytical field. The decision-making process, which would seem to be facilitated by digitalization, is actually becoming more complicated. As one of the main effects of digitalization, we note the apparent availability of information. In fact, simple facts that create an information network no longer become, moreover, they become smaller, or rather, their availability decreases. The necessary information sinks in the ocean of information noise. Echo chambers and filter bubbles exacerbate this problem. At the same time, the possibilities provided by the effects of echo cameras and information bubbles remain low.

scholarly journals Simulation as Implementation of Digital Approach to Decision-Making under Uncertainty and Risk

2019 ◽  
Vol 62 ◽  
pp. 11004
Author(s):  
O.V. Tiutyk ◽  
M.E. Butakova
Keyword(s):  
Decision Making ◽  
Process Model ◽  
Relevant Literature ◽  
Information Support ◽  
Practical Significance ◽  
Primary Data ◽  
Management Decision ◽  
Decision Making Under Uncertainty ◽  
Modeling Tools ◽  
Management Decision Making

The paper articulates the problem of modeling management decision-making process in new digital reality: decision-making under uncertainty, volatile environment, huge amount of data to be accounted, objective analytical risk attitude. The proposed solution includes critical selection of risk and uncertainty management tools aimed at improvement quality of management decision-making information support in the sustainable development context (on the example of construction projects). The aim of research is the development of the new “digital” approach to the process of reducing uncertainty when decision making in highly risk projects, including the process model and toolkit. Methodology is based on logical analysis and synthesis, decomposition, qualitative analysis of the relevant literature and primary data (top management informal interviews, targeted sample), comparative and regression analysis, time series analysis, mathematical statistics and simulation modelling based on nine sets of design estimation paperwork and turnover-balance sheets. The contribution into the existing knowledge includes substantiating the correlation of the terms of the digital decision-making and simulation modeling tools in high-risk projects management under insufficient statistical data and their mutual interaction. Also, advisability of formalization of the decision-making method based on unprocessed design estimates is justified, and appropriate methods for sustainable decision-making information support are selected. The approbation demonstrated practical significance and economic effectiveness of developed approach; experiment was carried out on the base of «RSU – 6» LLC’s projects (Tchaikovsky, Perm region).

scholarly journals INFORMATION SUPPORT FOR PROCESS AUTOMATION DEVELOPMENT AND MANAGEMENT DECISION MAKING

2019 ◽  
Vol 40 (2) ◽  
pp. 88-92
Author(s):  
S.D. Skurtol ◽  
S.M. Kontseba ◽  
H.Iu. Rodashchuk
Keyword(s):  
Decision Making ◽  
Information Support ◽  
Management Decision ◽  
Process Automation ◽  
Managerial Decisions ◽  
Management Decision Making ◽  
Development And Management

In the article is considered the importance of information and its influence on the efficiency of making managerial decisions, the expediency of systemic using of information and the formation of information support for the process of making managerial decisions. The problems of information support of enterprises activity are analyzed.

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.

scholarly journals Numerical Implementation of a Fuzzy Model for Evaluating the Effectiveness of Technological Innovations in the Formation of a Portfolio of Projects in an Industrial Enterprise

2019 ◽  
Vol 16 (4) ◽  
pp. 145
Author(s):  
O M Shatalova
Keyword(s):  
Decision Making ◽  
Expert Knowledge ◽  
Fuzzy Model ◽  
Industrial Enterprise ◽  
Decision Makers ◽  
Information Support ◽  
Management Decision ◽  
Technological Innovations ◽  
Numerical Implementation ◽  
Management Decision Making

A high uncertainty and fuzziness of information in the systems of development and organizations production of technological innovations are forming the need to use adequate management decision-making tools. A key condition for decisions in such systems is, as a rule, the criterion of efficiency. The paper presents the results of the numerical implementation of a methodological approach to evaluating the effectiveness of technological innovations from the standpoint of non-stochastic uncertainty. The approach is based on fuzzy calculations and fuzzy modeling. This approach is aimed at integrating deterministic, stochastic and expert knowledge of the system; it provides an expanded view of the content of the “effectiveness” category itself and the composition of relevant factors, allows you to take into account the restrictions and preferences of decision makers relevant to the system under study. The considered approach is adapted to the specifics of managing technological innovation in an industrial enterprise. The results of the development and numerical implementation of a fuzzy model for evaluating the effectiveness of technological innovations have led to the conclusion that the approach used expands (complements) the composition of the existing methods in this field of knowledge; the numerical value of the efficiency (W) obtained in the fuzzy model can be considered as an additional analytical indicator of information support of the management decision-making process; the significance of this indicator is due to the fact that the indicator W reveals strategically significant prerequisites and provides clarification (justification) of the values of the key technical and economic parameters. The fuzzy W evaluation model allows for combining deterministic and stochastic data with expert estimates and to formalize mental judgments of decision makers using language means of mathematics. Thus, the prerequisites for building an intelligent automated decision-making system in the management of innovative processes and projects in the enterprise are provided.

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