scholarly journals Comprehensive Analysis of Cash Flows of the State Enterprise "Antonov"

2021 ◽  
Vol 26 (1) ◽  
pp. 178-184
Author(s):  
Tetiana Shchepina ◽  
◽  
Anastasiia Titarenko ◽  
Keyword(s):  
Financial Management ◽  
Complex Analysis ◽  
Financial Statements ◽  
Cash Flows ◽  
Comprehensive Analysis ◽  
The State ◽  
Economic Feasibility ◽  
State Enterprise ◽  
Financial Decisions ◽  
Economic Interpretation

Abstract. Introduction. The analysis of the enterprise’s cash flow statement is invaluable for external users (owners, investors, lenders, partners) as a reason to substantiate the investment and financial decisions, evidence of the business partnerships reliability, and for most of the management when evaluating the level of efficiency, of its economic feasibility confirmation or refutation of the chosen financial management strategy and tactics. Purpose. The purpose of the article is to develop and test a method of comprehensive analysis of cash according to the financial statements of the state enterprise "Antonov" for the period 2018-2019, to perform an economic interpretation of the results of the analysis, based on the received calculations. Results. The dialectical method of cognition, a comprehensive systematic approach to the object of study, general scientific methods, special (horizontal, vertical and coefficient) analysis procedures, abstract and logical method for theoretical generalizations and drawing conclusions have been applied in the article. The method of comprehensive analysis of cash flows according to financial statements has been developed and tested. An economic interpretation of the analysis results has been proposed. Conclusions. A method of complex analysis of cash flows has been developed and proposed as a result of scientific research. The obtained results are important for the formation of strategy and tactics of financial management of the enterprise. The results of such an analysis are also a crucial argument in substantiating owners, investors, creditors, partners and other outsiders in the analysis of investment and financial decisions about the company and its prospects.

scholarly journals A Study of the Cash Flow Forecasting Impact on the Owners Financial Management of Construction Projects in the State of Kuwait

2018 ◽  
Vol 3 (1) ◽  
pp. 69
Author(s):  
Moustafa Kotb ◽  
Mohamed Abdel Razik Ibrahim ◽  
Yousef Saleh Al-Olayan
Keyword(s):  
Cash Flow ◽  
Financial Management ◽  
Construction Projects ◽  
Critical Path ◽  
Cash Flows ◽  
The State ◽  
Economic Feasibility ◽  
Flow Plan ◽  
S Curve ◽  
The State Of Kuwait

Cash flow is considered to be the main acceleration’s factor of any construction contract, which has a large and direct impact on projects completion dates as well as the project contractual duration. This is very evident when examining how the owners benefit from their projects in achieving or forfeiting the desired economic feasibility determined in the feasibility study of any project.It is noted that the cash flow plan is issued through a Critical Path Method (CPM) for a project which entails only an estimate of the monetary value of the construction work to be carried out on site and on a rough and approximate basis using the cash flow’s curve (S-CURVE), which is usually gives a different value from the actual work performed onsite.The impact of this problem on financial management for any project is as follows:In the case of underestimation, if the available estimates are less than the required cash flow, it is considered as a major cause for delay in project completion as well as the inability of the owner to achieve the economic feasibility Internal Rate of Return (IRR) required for the project. Also, this leads to monitory error due to the financial compensations due to the contractor as a result of the damage caused by time extensions due to the holdings of the cash entitlements.In the case of overestimation of the value of the required cash flow with a high margin of error, this leads to the monetary waste of amounts that could have been invested in other ventures, projects or opportunities.This paper provides a summary of the importance of determining the appropriate amount of cash flows required to be provided by the owner’s financial management, which leads to achieving the appropriate projects financial management gains and thus reducing financial losses or disputes in construction projects in the State of Kuwait.

scholarly journals Audit of Financial Statements in the Context of Financial Control

2021 ◽  
Vol 10 (525) ◽  
pp. 305-311
Author(s):  
H. P. Martynyuk ◽  
◽  
M. A. Martyniuk ◽  
Keyword(s):  
Control System ◽  
Financial Management ◽  
Positive Impact ◽  
General System ◽  
Financial Statements ◽  
The State ◽  
Regulatory Control ◽  
Entrepreneurial Activity ◽  
Financial Control ◽  
Control Activity

It is determined that the idea of control activity in the current conditions is becoming widespread in the context of the implementation of the concept of regulatory control service with an emphasis on ensuring compliance with the legislation and access of all eonomic entities to informativeness by types and time of control activities. The strengthening of control and supervision by the State Regulatory Service on entrepreneurial activity over the past three years is proved. It is argued that the introduction of an independent financial control system into the general system of control over the financial activities of enterprise provides for the creation of a comprehensive approach to ensuring an interaction between the State and independent components of the financial control system. It is substantiated and proved that since the audit of financial statements is an integral part of the business activities, especially concerning the large and medium-sized enterprises, its significance can be de classed into main areas, namely: it affects the interests of external and internal users who want to have confidence in compliance with the legislation; presence of a positive audit opinion on the financial condition increases investor confidence; certainty as to the absence of distortions in the financial statements avoids paying penalties and reduces the risks of making wrong managerial decisions. It is established that the audit of financial statements has a pronounced social nature, since it causes a significant influence on the level of trust in the published financial information declared by the business. The advantage and peculiarity of audit control is the condition that its primary task is compliance with accounting legislation and the absence of penalties. The need to audit financial statements in the management system of the enterprise is conditioned. The positive impact of the audit of financial statements, which consists in timely response of financial management to the identified deficiencies and violations that would affect the structure of the enterprise’s expenses, is substantiated.

scholarly journals PENGARUH PENGELOLAAN LAPORAN KEUANGAN TERHADAP EFEKTIVITAS ARUS KAS PADA PT. MABAR MITRA BERSAMA

2021 ◽  
Vol 1 (1) ◽  
pp. 44-52
Author(s):  
Clarissa W Manawan ◽  
M. Iqbal
Keyword(s):  
Linear Regression ◽  
Cash Flow ◽  
Significant Influence ◽  
Financial Management ◽  
Financial Statements ◽  
Cash Flows ◽  
Routine Activities ◽  
Simple Linear Regression ◽  
Regression Test ◽  
The Future

Cash flow is the basis for financial calculations and the management of financialstatements carried out by the company and its routine activities. Improper financialstatement management and unstable income and expenditure streams will result in acrisis for the company in the future. The effectiveness of cash flow is a measure of theextent to which the success of cash flow has an impact on the achievement andconsideration of the consequences that will be received by the company. The purpose ofthis study was to determine whether the management of financial statements owned byPT. Mabar Mitra Bersama affects the effectiveness of cash flow. The population of thisstudy are 42 employees of PT. Mabar Mitra Bersama where 30 employees of the financedepartment are the sample in this study. Simple linear regression test is a data analysistechnique used by the author in this study with the type of data used in the form ofquantitative data collected from respondents who filled out questionnaires. Based on theresults of the research that has been done, the value of the financial statementmanagement variable has a significance smaller than the probability value of 0.05, or thevalue of 0.000 <0.05, then Ha is accepted, H0 is rejected. Variable X has a t arithmeticvalue (21.935) greater than t table (2.048) so it can be concluded that the managementof financial statements has a significant influence on the effectiveness of cash flows andit can be seen that the contribution of financial management in influencing theeffectiveness of cash flows is 94 .5% while other variables only affect 5.5%.

scholarly journals Solution of technological principles of complex analysis of the environment on the basis of GIS technologies and methods of mathematical modeling

2020 ◽  
Vol 26 (1) ◽  
pp. 289-304
Author(s):  
Bakhtiyor Kurbanov
Keyword(s):  
Rural Areas ◽  
Complex Analysis ◽  
Agricultural Sector ◽  
Comprehensive Analysis ◽  
The State ◽  
Environmentally Sustainable ◽  
Increase Productivity ◽  
The Republic ◽  
The One ◽  
State Of The Environment

The agricultural sector is one of the most important for the economy of Uzbekistan. Uzbekistan is the third largest exporter of cotton in the world. In the agricultural sector, 44 % of the population of the republic are involved. Active anthropogenic environmental impact in order to increase productivity in the agricultural sector was carried out without proper scientific justification. The increased demographic burden on the land has led to the intensification of desertification, salinization of land. Excessive application of chemical fertilizers into the soil, pollution of surface waters, which are often used for drinking and drinking water in rural areas, have led to an increase in the incidence of the population. The above problems indicate the need for a comprehensive analysis of the state of the environment in order to develop the most optimal ways to solve these problems. The paper gives examples of the development of regional zoning maps for various thematic areas. When zoning the territory, a mathematical apparatus developed by the famous mathematician Lotfi A. Zadeh was used. The theory of fuzzy sets makes it possible, on the one hand, to take into account the experience and intuition of researchers in the model, and on the other hand, to find a compromise between the increasing complexity of environmental processes and the requirements for the accuracy of research results. These approaches were used for scoring in solving assigned tasks. In a comprehensive analysis of the state of the environment, the OVERLAY procedure was used. It made it possible to develop an integrated map taking into account the contribution of each of the analyzed thematic areas in accordance with the tasks being solved. The solution of the technological problems of a comprehensive analysis of the territory will contribute to the development of a strategy for the environmentally sustainable socio-economic development of the republic.

scholarly journals PENERAPAN PSAK NO.45 TENTANG PELAPORAN KEUANGAN ORGANISASI NIRLABA YAYASAN PENDIDIKAN PONDOK PESANTREN AL-KHAIRIYAH

2018 ◽  
Vol 2 (3) ◽  
pp. 115
Author(s):  
Intan Devi Atufah
Keyword(s):  
Nonprofit Organizations ◽  
Financial Reporting ◽  
Financial Management ◽  
Boarding School ◽  
Financial Statements ◽  
Cash Flows ◽  
Position Statement ◽  
Financial Statement ◽  
Educational Foundation ◽  
Financial Management System

Now days non profit organizations in Indonesia still tend to emphasize the priority of program quality and not too much attention to the importance of financial management systems. Though a good financial management system is believed to be one of the main indicators of accountability and tranparency of an institution. Reporting and financial management of the corresponding set in the Statement of Financial Accounting Standards (SFAS) 45 of the financial reporting of nonprofit organizations. The purpose of this study was to determine whether application of the financial reporting on Educational Foundation Boarding School Al-Khairiyah with what has been stated in SFAS 45. Descriptive research methods with qualityve analysis techniques outlines, describe and recontruct a data. The result showed that the financial statement in accordance with the Educational Foundation Boarding School Al-Khairiyah yet financial statement based nonprofit financial statement formats that exist in SFAS 45. The financial statements of which there are some cash flow statements regarding expenditures and income to their understanding. Educational Foundation Boarding School Al-Khairiyah does not present a statement of financial position, statement of  activities, statementof cash flows, and notes to the financial statements. The preparation of financial statement sshould be guided by Educational Foundation Boarding School Al-Khairiyah and follow the conditions set by the Indonesian Institute of Accountants (IAI) contained in SFAS 45 that the information presented in the financial statement be clear, relevant and has a high appeal

scholarly journals Assessment of long-term receivables of public enterprises

2021 ◽  
Vol 2021 (9) ◽  
pp. 117-128
Author(s):  
Renata KORSHYKOVA ◽  
◽  
Alla OZERAN ◽  
Keyword(s):  
Financial Reporting ◽  
Cash Flows ◽  
The State ◽  
National Standard ◽  
State Enterprise ◽  
Accounting System ◽  
Public Enterprises ◽  
Present Value ◽  
The Difference

The paper considers the main methodological aspects of accounting for long-term receivables of state-owned enterprises in accordance with international financial reporting standards and national accounting regulations (standards) (NAR(S)). At the same time, attention has been focused on the valuation of the asset and the method of reflection its initial and book value in the accounting. The study examines the procedure for determining the initial and carrying amount of long-term receivables in accordance with IFRS and illustrates the difference in the essence of the terms "present value" and "amortized cost": the former is used at the initial recognition of an asset, and the latter - for its further evaluation in order to be included in the financial statements. The comparison of requirements of international and national standard concerning the above mentioned asset reveals the following problems regarding the latter: inconsistency in the use and scattered terminological apparatus, as well as the lack of a methodology for the formation of the initial value. The paper proposes to supplement the terminology contained in NAR(S)10 with the definitions " present value" and "amortized cost", as well as to clarify the scope of their application for harmonization with IFRS. In addition, a proposal was made to revise the procedure for calculating the effective interest rate provided for by the NAR(S). Regardless of the accounting system in which the state enterprise operates, the problem arises of the difficulty for monitoring the timeliness and completeness of repayment of long-term receivables, as well as reconciliation of the state of settlements with debtors, which affects the planning of cash flows. The study formulates the following options for solving this problem: the application of an off-balance account or a special sub-account to the account of long-term receivables.

Why Do Firms Write Off Their Goodwill? A Comparison of Different Accounting Systems

2015 ◽  
pp. 23-40 ◽  
Author(s):  
Francesco Avallone ◽  
Claudia Gabbioneta ◽  
Paola Ramassa ◽  
Marco Sorrentino
Keyword(s):  
Good Deal ◽  
Financial Statements ◽  
Cash Flows ◽  
Accounting System ◽  
Anglo Saxon ◽  
Accounting Systems ◽  
Ifrs Adoption ◽  
The Future

Increased comparability of financial statements across adopting countries is one of the main objectives of IFRS adoption. The level of achievement of this objective, however, is still debatable. While some studies have documented that crosscountry comparability of financial statements has increased after IFRS adoption, other studies have found that comparability has actually decreased since 2005. We contribute to this debate by studying whether the motivations for goodwill writeoff are the same or vary across countries with different accounting systems. Although a good deal of research has investigated the motivations for goodwill writeoff, our study is the first to analyze whether these motivations vary across countries with different accounting systems. We find that firms that expect low cash flows in the future are more likely to report goodwill write-offs if they are located in countries with an Anglo-Saxon accounting system than if they are located in countries with a Continental accounting system. These results suggest that IFRS are "interpreted" differently in different countries and that harmonization of financial statements has not been fully achieved yet.

PERTANGGUNGJAWABAN KERUGIAN NEGARA DALAM PENGELOLAAN KEUANGAN DAERAH

EDUKASI ◽  
2018 ◽  
Vol 16 (1) ◽  
Author(s):  
Hendra Karianga
Keyword(s):  
Financial Management ◽  
Criminal Liability ◽  
The State ◽  
Legal Proceedings ◽  
Regional Finance ◽  
Regional Budget ◽  
State Finance ◽  
Budget Policy ◽  
Definition Of ◽  
The Impact

Sources of revenue and expenditure of APBD (regional budget) can be allocated to finance the compulsory affairs and optional affairs in the form of programs and activities related to the improvement of public services, job creation, poverty alleviation, improvement of environmental quality, and regional economic growth. The implications of these policies is the need for funds to finance the implementation of the functions, that have become regional authority, is also increasing. In practice, regional financial management still poses a complicated issue because the regional head are reluctant to release pro-people regional budget policy, even implication of regional autonomy is likely to give birth to little kings in region causing losses to state finance and most end up in legal proceedings. This paper discusses the loss of state finance and forms of liability for losses to the state finance. The result of the study can be concluded firstly,  there are still many differences in giving meaning and definition of the loss of state finace and no standard definition of state losses, can cause difficulties. The difficulty there is in an effort to determine the amount of the state finance losses. The calculation of state/regions losses that occur today is simply assessing the suitability of the size of the budget and expenditure without considering profits earned by the community and the impact of the use of budget to the community. Secondly, the liability for losses to the state finance is the fulfillment of the consequences for a person to give or to do something in the regional financial management by giving birth to three forms of liability, namely the Criminal liability, Civil liability, and Administrative liability.Keywords: state finance losses, liability, regional finance.

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