scholarly journals Formation of the financial security of agricultural business entities

2020 ◽  
Vol 31 (1) ◽  
Author(s):  
N. V. Trusova ◽  
◽  
O. V. Gryvkivsʹka ◽  
Keyword(s):  
System Analysis ◽  
Financial Resources ◽  
Financial Security ◽  
Inductive System ◽  
Time Period ◽  
Net Profit ◽  
Agricultural Business ◽  
Business Entities ◽  
Alternative Sources ◽  
Medium Method

The article deals with the potential of financial security, which forms the system of financial protection of vital interests of subjects of agricultural business. It is proved that under the pressure of the external environment, leverage and financial mechanism tools that trigger the potential of financial security of agriculture can change, risk manifestation and economic depression of enterprises continue or stop. The importance of forming the aggregate value of the potential of financial security in the region is due to its component, which is capable of performing actions to mobilize the real and hidden possibilities of financial resources in a limited time period, to overcome the threats to a safe environment for the functioning of subjects of agricultural business. The priority of financial support of agriculture of Ukraine according to indicators of intensity and efficiency of use of financial resources is singled out. A differentiated approach to the clustering of the k-medium method – indicators of the use of financial resources as interdependence of the factors of the formation of the aggregate magnitude of the potential of financial security of subjects of agricultural business of Ukraine was used. With the help of inductive system analysis, a model of a stable level of potential of financial security capacity based on net profit has been developed. The model is adequate, its statistical quality, significance and reliability are sufficient for forming the forecast level of potential of financial security of subjects of agricultural business of the region. The developed methodology is based on the components of the protection of financial system of economic entities in the conditions of the restrictions of the choice of alternative sources of formation and distribution of financial resources, as well as the likelihood of their use.

scholarly journals Impact of the Covid-19 Pandemic on Entrepreneurial Capacity and Financial Security in Ukraine

2021 ◽  
Vol 126 ◽  
pp. 08002
Author(s):  
Yana Derbenova ◽  
Ganna Kashyna ◽  
Serhii Leontovych ◽  
Olena Ablova ◽  
Oksana Dmitrieva ◽  
...  
Keyword(s):  
Financial Stability ◽  
System Analysis ◽  
Negative Impact ◽  
Business Activity ◽  
Financial Security ◽  
Economic Activities ◽  
Investment Activity ◽  
The World ◽  
Business Entities ◽  
The Impact

The article analyzes the impact of the COVID-19 pandemic on business activities in Ukraine and the world and its financial security. The analysis showed that the economy of Ukraine and most countries of the world suffered significant losses from the introduction of anti-epidemic restrictions on business activity, which turned out to be in the fall of GDP, index of industrial production investment activity. Because of temporary or complete shutdown of business the unemployment rate increased significantly. The pandemic crisis also negatively impacted the financial results of enterprises, which decreased significantly in all kinds of economic activities, especially in industry, transport, temporary accommodation and catering, where the share of unprofitable enterprises reaches 73%. Thus, the problem of ensuring the financial security of business becomes relevant. The aim of the work is to develop methodological approaches to assessing the impact of the pandemic crisis on the financial security of business and to identify effective ways of ensuring such security. In the process of research methods of scientific abstraction, comparative and system analysis and synthesis, systematization and logical generalization were used. It was determined that the pandemic affected small and medium businesses most of all, where a strong negative impact was experienced by more than 60% of entrepreneurs. Large businesses were less affected, but they also suffered significant losses due to the decline in business activity and demand in the domestic and foreign markets. Agriculture was least affected by the pandemic, which suffered the least losses, primarily due to the insignificant impact of restrictions affecting the activities of this business. The paper systematized the risks arising from the factors of the pandemic crisis, identifying their manifestations and financial implications for business. As shown by the research, such consequences are manifested in the form of full or partial loss of profits, problems with debt repayment, reduction of financial stability, liquidity, increase in accounts receivable, increased costs for anti-epidemic measures, etc. Thus, the procedure for assessing the business’s financial security is to take into account all factors that shape the financial situation of business entities during a pandemic crisis in a comprehensive manner.

scholarly journals DEVELOPMENT OF FINANCIAL STRATEGY IN MANAGEMENT ACCOUNTING

2019 ◽  
Vol 14 (2) ◽  
pp. 170-175
Author(s):  
Гамлет Остаев ◽  
Gamlet Ostaev ◽  
Гузалия Клычова ◽  
Guzaliya Klychova ◽  
Вячеслав Соколов ◽  
...  
Keyword(s):  
Sustainable Development ◽  
Development Strategy ◽  
Information Needs ◽  
Management Accounting ◽  
Management Tool ◽  
Financial Resources ◽  
Managerial Accounting ◽  
Financial Strategy ◽  
Agricultural Business ◽  
Business Entities

Under modern conditions, the existence of agricultural business in the market requires their sustainable development, which is a significant problem of management accounting. Development of financial strategy in management accounting, as it seems to us, for agricultural enterprises is not so much a necessary measure, as a management tool for business development. The development of the financial strategy of agricultural business includes strategic planning, management accounting, analysis and regulation of the use of financial resources. In addition, the development of financial strategy in management accounting allows you to adjust the targeted allocation of financial resources in the logistical financial system of agricultural business. Management accounting has all the tools and mechanisms to meet the information needs of users of all levels of management for the adoption of management accounting, including for the development of financial strategy. The importance of developing a managerial accounting for financial strategy in an enterprise is that finance is the source for developing the remaining strategies. Thus, financial resources are one of the main restrictions on the volume and activities of enterprises. Comparison of different approaches of researchers regarding the content of financial strategy in the management accounting of an enterprise shows that in modern conditions, the development strategy of agricultural business in general and its financial strategy, in particular, should be considered from the point of view of sustainable development, from the standpoint of social, environmental and economic sustainability of an enterprise. At present, the development of financial strategy in management accounting is a necessity for all business entities, regardless of the type of activity, who see their task in the progressive development and preservation of a stable position in the market.

MODERN PROBLEMS OF ACCOUNTING AND ANALYTICAL ENSURING FINANCIAL RESULTS MANAGEMENT

2020 ◽  
Author(s):  
Yuliia Peniak ◽  
◽  
Nataliia Horokhovatska ◽  
Keyword(s):  
Performance Management ◽  
Enterprise Management ◽  
Goods And Services ◽  
Financial Condition ◽  
General Evaluation ◽  
Net Profit ◽  
Business Entities ◽  
Results Management ◽  
Main Components ◽  
The Impact

The main purpose of any enterprise in the market economy is to obtain high financial results. One of the main conditions for the effective functioning of the enterprise is ability to generate profit in the amount that will create the financial basis for further development and expansion of the enterprise, comply with social and material needs, ensure competitiveness in the market of goods and services. The need for accounting and analytical management of financial results stems from needs of owners, the state and employees in information that will enable them to identify patterns and trends in financial results, identify and assess the main factors influencing the process of their creation, distribution and usage, identify reserves and thus increase the level of profitability. Despite the significant scientific contribution in the field of research of financial results of the enterprises, the issue of improvement aims to the accounting and analytical maintenance of management of financial results of the enterprise remains actual. That is why the purpose of the study is to substantiate the theoretical and practical aspects and develop approaches to improving the mechanism of formation of accounting and analytical support for the management of financial results of the enterprise. Accounting and analytical management of financial results of the enterprise is a set of interconnected elements of production and management system, activities carried out by the subject of management, creation of a certain structure, as well as collection, accumulation, storage and analysis of information necessary for effective operation of the enterprise. The main components of the study of accounting and analytical support of financial performance management are the formation of methods of analysis, control and forecasting of financial results, which requires specification of the components of the analytical and controlled process within the organizational and information model. Namely, the formation of reliable information about the financial condition of the enterprise, the analysis of economic indicators of the enterprise is of great importance in the system of general evaluation of business entities. Their research makes it possible to assess the dynamics of the structure of income and expenses, to determine the impact of factors on the company's profit from various activities, as well as to find reserves to increase the net profit of enterprises. Thus, the improvement of accounting and analytical support of enterprise management is based on the use of modern forms, methods and principles that place new demands on the formation of unbiased, complete, timely, clear and useful accounting and analytical information about the enterprise and its financial results.

Agrarian receipts as a tool for the structural transformation of financial and credit relations in the agrarian business of the region

2019 ◽  
pp. 40-53
Author(s):  
Yuliia Nehoda
Keyword(s):  
Comparative Analysis ◽  
Retrospective Analysis ◽  
Structural Transformation ◽  
Pilot Project ◽  
Bank Lending ◽  
Economic Benefits ◽  
Advantages And Disadvantages ◽  
New Instrument ◽  
Agricultural Business ◽  
Business Entities

The subject of the research – is a set of organizational-economic relations arising in the process of structural transformation of financial and credit relations in the agricultural business. The purpose of the article is a retrospective analysis of structural transformations of financial and credit relations in the agricultural business, evaluation of the effectiveness and feasibility of the introduction of agricultural receipts as a new instrument of lending to the agricultural business of the regions. Methodology of work – system-structural and comparative analyzes (to determine the effectiveness of the crediting mechanism according to the agricultural receipts of the farmers of the region); monographic (when studying the problems of the functioning of the mechanism of lending to agrarians by agrarian receipts) economic analysis (when carrying out a comparative analysis of the mechanism of classical bank lending to the agrarian business and the mechanism of lending to agrarians according to agrarian receipts); modeling and forecasting (when determining ways to overcome the existing deficiencies in the mechanism of lending to agrarian business entities of the region according to agrarian receipts). The results of the work – a retrospective analysis of the structural transformation of financial and credit relations in the agricultural business was carried out. The mechanism of crediting agrarians according to agrarian receipts and the scale of its distribution in the agrarian business of the region are considered. A comparative analysis of the mechanism of classical bank lending to the agrarian business and the mechanism of lending to agrarians according to agrarian receipts was carried out. In the framework of the pilot project “Agrarian receipts in Ukraine” of the international financial corporation (IFC) in partnership with the Swiss Confederation in Ukraine, the example of the Poltava region defined the effectiveness of the crediting mechanism according to the agrarian receipts of the agrarians of the region. The advantages and disadvantages of the mechanism of crediting the subjects of the agrarian business on agrarian receipts are noted. The ways to overcome the existing shortcomings of the mechanism of crediting the subjects of the agrarian business of the region according to agricultural receipts are determined. Conclusions – according to the results of the conducted research, the effectiveness of the mechanism of lending to the agricultural business of the regions according to agricultural receipts was proved, its advantages and disadvantages were noted, and attention was also focused. Proposed in Art. 7 of Law No. 5479-VI clearly delineate cases and restrictions on the debtor’s reimbursement of expenses incurred by the lender with the acquisition of the right to grow and harvest the pledged crop of agricultural products, which will ensure the principle of equality of parties on economic benefits and distribution of credit risks according to agricultural receipts.

The concepts and features of the models of venture investment of energy-oriented startups

2019 ◽  
pp. 74-78
Author(s):  
Oleh Pankiv
Keyword(s):  
Power Plants ◽  
Public Procurement ◽  
Financial Resources ◽  
Managerial Decisions ◽  
Potential Formation ◽  
The Difference ◽  
Alternative Sources ◽  
Methodological Principles ◽  
Profile Characteristics ◽  
Start Ups

The theoretical and methodological principles of promising managerial decisions concerning the efficiency of attracting financial resources, as well as creation of fundamentally new sources of funding for the development of energy-oriented start-ups are considered. The role and place of the sectors of innovative energy saving and alternative sources of power supply in a complex system of energy independence of the country are determined. The way and the main directions of research and development of the ways to solve the aforementioned problem are outlined. As part of the search for optimization solutions, it is suggested to use the principles of the existing statistical and mathematical apparatus, marketing achievements and achievements in network development that take place in gaming business. An analogue comparison of the principal models was carried out, during which the existing types of energy-oriented start-ups were determined and presented. A separate direction in the economic search is proposed, and its profile characteristics are outlined. The type of model is typical for Ukrainian conditions. The author proposed a method of comparing strategies for attracting financial resources into a gaming business in the core of the research. To solve the investigated problem, it is proposed to apply the property of the law of the emergence. The analysis is based on a concrete example of the functioning of the tender procedure, namely the organization of public procurement. The purpose of the article is to consider and analyze the author's proposal to focus on such an important phenomenon as the constant creation of the difference between the expected price and the final contractual price. The model of the solution is based on the systematic combination of this phenomenon and the administrative stimulation of implementation of exclusively energy-innovation projects. The combination of these two points is the basis of an optimization policy for the potential formation and maintenance of a state program to search and stimulate the sources of funding for power plants.

scholarly journals DIAGNOSIS OF THE LEVEL OF FINANCIAL DECENTRALIZATION OF LOCAL BUDGETS ON THE BASIS OF INTEGRAL EVALUATION

2021 ◽  
Author(s):  
Yurii Puhach
Keyword(s):  
Financial Stability ◽  
Local Level ◽  
The State ◽  
Financial Resources ◽  
Financial Security ◽  
Regional Strategies ◽  
Self Development ◽  
Decentralization Reform ◽  
Objective Description ◽  
Functional Components

The process of implementing socio-economic change at the local level is closely linked to administrative reform and financial decentralization as important tools for regulating and allocating budget funds. Problems of reforming the administrative-territorial system, the formation of budgetary policy of the regions with the expansion of powers should be based on the development of regional strategies and a comprehensive analysis of financial resources. Approaches to the economic analysis of the efficiency of the allocation of financial resources in the context of decentralization reform are becoming increasingly important. The analysis of individual indicators somewhat narrows the perception of economic processes and does not allow to assess the level of provision of funds of administrative-territorial units by areas and in general. The issues of improving the methods and tools for assessing the financial resources of local budgets in the context of decentralization are becoming important. The article proposes improved approaches to the analysis of the level of financial decentralization of local budgets on the basis of aggregate indicators by areas. The technique allows analyzing the state of resource-functional components over time. The application of integrated assessment contributes to the objective characterization of the level of financial security of the regions, the revision and development of economic opportunities in the context of limited resources of local budgets. The proposed approach contributes to the formation of an objective description of the level of financial security of the region, and hence the financial opportunities for self-development. The methodology reveals the state of resource-functional components, the dynamics of deviations of integral values, allows monitoring of quantitative benchmarks to achieve the desired level of financial stability of regions and allows focusing on objective reasons for real financial decentralization in Ukraine. The results of the analysis focus on the assessment of regional development trends in the context of financial decentralization and form the need for further research in this direction.

scholarly journals Status and Trends in the Development of Financial Support for Social Protection in Ukraine

2021 ◽  
pp. 193-200
Author(s):  
О. Voloshinа ◽  
◽  
M. Kovaleva ◽  
V. Bozhenko ◽  
◽  
...  
Keyword(s):  
Financial Support ◽  
Social Protection ◽  
State Level ◽  
The State ◽  
Financial Resources ◽  
Financial Security ◽  
Social Sphere ◽  
Effective Implementation ◽  
Social Risks ◽  
The Social

The article considers the state and tendencies of development of financial provision of social protection in Ukraine. Modern problems of financing the sphere of social protection of the population in Ukraine are revealed. The importance of understanding the social protection of the population as a system of financial relations necessary to compensate for social risks and ensure social security is substantiated. The essence and features of financial provision of social protection of the population are revealed. The research of directions of budgetary financing of social sphere at the state level is carried out. The financial mechanism of realization of social protection which provides formation of the sources of the financial resources directed on performance of the corresponding programs and actions, and also the substantiated choice of methods, forms and levers of their use is investigated. It is proved that one of the significant obstacles to the effective implementation of social policy in our country is the insufficient level of its financial security in combination with irrational planning, distribution and inefficient use of available financial resources.

scholarly journals Financial control as a tool in overcoming corruption

2021 ◽  
Vol 1 (1) ◽  
pp. 326-332
Author(s):  
Oleksandr Neklesa ◽  
Elvira Sydorova ◽  
Yana Paleshko
Keyword(s):  
Financial Resources ◽  
Financial Control ◽  
Public Confidence ◽  
Government Programs ◽  
Audit System ◽  
The Law ◽  
Business Entities ◽  
Tax Reporting ◽  
Effective Use ◽  
Financial Transactions

Corruption offenses nowadays remain a serious threat to the national security of a state. Persons empowered to perform state functions are the basic sources of corruption risks. The main document that outlines the basic principles of preventing and combating corruption in our country is the Law of Ukraine "On Principles of Preventing and Combating Corruption" and "On Amendments to Certain Legislative Acts of Ukraine on Liability for Corruption Offenses." Corruption in public finances is a threat that gives a momentum for the development of forgery of accounting and tax reporting documents, misappropriation of assets allocated for financial resources funds, concealment of financial transactions and falsification of business entities’ documents. State financial control should ensure the effective use of budgetary resources, extra-budgetary financial resources and state property. In order to combat corruption, it is necessary to introduce transparency at the stages of budget allocation and openness in the control system in this area. It is this transparency that will help not only to overcome corruption, but also to strengthen public confidence in the state and the fulfillment of its functional responsibilities. And also to ensure compliance with the supremacy of law in this area, i.e. to ensure the equality of all before the law and responsibility for violations. Financial control can be enhanced through effective audit. The essence of the audit is a real assessment of the feasibility of government programs on the criteria of economy, productivity and efficiency. It is an audit that is a separate and real source of data, as it does not belong to any political forces or institutions. Based on the above mentioned, it is advisable to adapt the existing audit system in Ukraine in accordance with the best foreign experience.

Sign in / Sign up

Export Citation Format

Share Document