scholarly journals DIRECTIONS OF ACCOUNTING AND ANALYTICAL PROVISION FOR THE INVESTMENT IN INNOVATIONS OF FOOD INDUSTRY ENTERPRISES

2019 ◽  
Vol 3 (43) ◽  
pp. 36-54
Author(s):  
Nina Dorosh ◽  
Alina Snetkova
Keyword(s):  
Economic Development ◽  
Financial Reporting ◽  
Food Industry ◽  
Large Scale ◽  
Accounting Standards ◽  
State Level ◽  
Innovation Activity ◽  
Processing Industry ◽  
Industrial Enterprises ◽  
Innovation Potential

Nowadays, innovation activity is becoming the most important factor of economic development. The scale and effectiveness of innovation are the major contributing items, which determine the level of socio-economic development of the country and its national security. The large-scale and multi-vector changes of recent decades have transformed a significant part of the world's socio-economic processes. The speed of change has significantly accelerated, and competitiveness is increasingly determined by innovations. There is a need to study the innovative component of investment. Ukraine faces objectively necessary investment processes for transition to an innovative model of development. Taking into account these trends, the question about the theoretical coverage of the main approaches and the display of information on the costs of innovation of enterprises in Ukraine, adhering to national and international accounting standards, becomes of particular urgency. Thus, the author considers the accounting and analytical support issues of innovative activity of enterprises of the processing industry, in particular, the food industry of Ukraine. A thorough analysis of approaches to the interpretation of the definition of "innovation" has been conducted. Component analysis of national and international statistical indicators of Ukraine's innovation potential has been carried out. The dynamics of the introduction of innovations in industrial enterprises by types of activities and directions of innovations is presented. The features of cost accounting for innovations in processing enterprises (on the example of enterprises of the food industry) were investigated and accounting approaches were adopted for ensuring the costs of innovations and R & D taking into account the accounting standards and international financial reporting standards. Specific objects of accounting, accounts of synthetic and analytical accounting are outlined. The author has proved that the use of the proposed approaches to accounting for investment in innovations requires additional regulation both at the state level and at the enterprise level. The measures for improving the accounting of investments in innovations of the enterprises of the processing industry are proposed, and the creation of a unified method of accounting for the costs of innovations is proposed.

scholarly journals Study of the Current State of the Economic Potential of Industrial Enterprises of Ukraine

2021 ◽  
pp. 92-98
Author(s):  
T. Gitis ◽  
◽  
A. Bornikov ◽  
S. Duplyakina ◽  
S. Moroz ◽  
...  
Keyword(s):  
Economic Development ◽  
Industrial Development ◽  
State Level ◽  
Financial Resources ◽  
Innovation Activity ◽  
Economic Potential ◽  
Significant Deterioration ◽  
Industrial Enterprises ◽  
Current State ◽  
Production Facilities

Industrial enterprises in modern conditions of economic activity are the primary link of the economy. This determines the priority of industrial development in the context of ensuring sustainable economic growth in Ukraine. Currently, the Ukrainian industry is in a state of crisis, the emergence of which is largely due to the global economic crisis, the military confrontation in the East of the country and the loss of control over part of the territory of Donbass, the COVID -19 pandemic. The presence of these factors hindering economic development is due to the external environment for the Ukrainian industry, to which, for objective reasons, it is only possible to adapt. In the current situation, it is advisable to pay attention to the possibility of realizing the internal economic potential of industrial enterprises. The article examines the current state of the economic potential of the Ukrainian industry in terms of such basic components as: material resources (basic production facilities), human resources and financial resources (in the context of ensuring the introduction of innovations). According to the results of the analysis, it was found that the condition of the main production facilities of most industrial enterprises is unsatisfactory due to their significant deterioration. At the same time, the reduction in the volume of capital investments in tangible assets, which has been observed in recent years, hinders the processes of technical re-equipment and modernization of domestic industrial production. In addition, industrial enterprises in Ukraine have been losing their labor potential for a long time, which is a very negative trend from the point of view of ensuring economic development, since it carries the threat of a significant shortage of qualified labor in the future. Most domestic industrial enterprises lack their own financial resources to introduce innovations, which determines their low innovation activity and limits the possibilities of ensuring economic development. In order to summarize the results of the study, the value of the integral index of the economic potential of industry in 2011-2020 was determined, which confirmed the revealed trend regarding the reduction of the economic potential of Ukrainian industrial enterprises. Overcoming this problem requires the implementation of measures aimed at ensuring the economic development of Ukraine's industry at the state level.

scholarly journals Innovative aspects of industrial enterprises activity in process manufacturing industry of Ukraine

2019 ◽  
pp. 30-49
Author(s):  
Olena Boiko
Keyword(s):  
Economic Development ◽  
European Integration ◽  
Food Industry ◽  
Manufacturing Industry ◽  
Legal Regulation ◽  
State Regulation ◽  
Innovative Development ◽  
Processing Industry ◽  
Industrial Enterprises ◽  
Innovation Activities

The manufacturing industry for a long period of time remains the most important and vital economic activity in the international arena, is a priority in ensuring the security of the state, forming the structure of export trade, promoting the development of other industries. In carrying out the research, the main problem that is relevant in today's conditions is identified - the main imperatives of the development of processing industries on an innovative basis. The peculiarities of the innovation activities of the processing industries, including through the development of scientific and industrial parks, clusters were covered in their scientific works by eminent specialists. The problems of functioning of the food and metallurgical industries on an innovation basis, including through the creation of organizational forms of innovation, are actively investigated by scientists. However, it requires a more detailed further study, in particular, in the development of proposals for the improvement of legislative and other regulatory acts on the activities of scientific, industrial and technological parks, clusters, which can be mechanisms for the innovative development of processing industries. The setting of tasks consists in defining the basic principles for the development of innovative activities of the processing industries in the context of Ukraine’s European integration the study of the main trends in the innovative development of the processing industry in Ukraine in recent years, as well as the development of proposals for improving legislative and other regulatory acts on the activities of science parks, industrial and technological parks, clusters. The aim of the study is to identify innovative aspects of the activities of industrial enterprises of the processing industry of Ukraine. The main methods that were used in the process of conducting a study are analysis, statistical, comparisons, research of documents, legal regulation. Review of domestic experience in the functioning of the processing industry, in particular the food industry and the development of metallurgy in Ukraine in modern conditions of European integration. The features of the current state of development of the food industry in Ukraine are investigated. An assessment of the main economic indicators of the domestic food industry on an innovative basis. The positive aspects of development and the factors constraining the functioning of the food industry are identified. The main development trends are analyzed, the problems and risks of the innovation activities of domestic metallurgical enterprises are identified. Potential areas of cooperation in the functioning of the food and metallurgical industry, particularly in the aspect of the development of special forms of organization of innovation in the context of Ukraine’s European integration, are substantiated. Certain features of the institutional support of the functioning of the processing industries of Ukraine on the basis of innovation. Developed proposals for the further functioning of the processing industries in Ukraine. The field of application of the research results is socio-economic development. One of the main prerequisites for sustainable economic development of the country is the accelerated expansion of the processing industry in Ukraine. The growth of the level of competitiveness of domestic producers is possible through the introduction of institutional mechanisms of state regulation. Considerable attention should be paid to increasing the volume and quality of products in the food and metallurgical industries through systematic technical and economic renewal of enterprises, introduction of innovations that contribute to creating high-quality and safe products, creating and developing forms of organizing innovative activities, as well as attracting investments and creating favorable investment climate.

The Other Green Jobs: Legal Marijuana and the Promise of Consumption-Driven Economic Development

2017 ◽  
Vol 39 (1) ◽  
pp. 79-92
Author(s):  
Marc Doussard
Keyword(s):  
Economic Development ◽  
Large Scale ◽  
Import Substitution ◽  
State Level ◽  
Economic Benefits ◽  
Green Jobs ◽  
The Arts ◽  
Job Growth ◽  
Development Processes ◽  
Development Outcomes

Legalizing marijuana at the state level establishes via fiat a new industry. In practice, legal marijuana constitutes a large-scale test of consumption-driven economic development policies, which seek to shape industry and job growth via changes in local spending. Drawing on the critical case of Colorado, I assess the economic development outcomes and future potential of legal marijuana, and evaluate the broader applicability of consumption-driven development processes heretofore confined to the arts and isolated local cases. While most states should be able to replicate Colorado’s import-substitution gains, the most enduring economic benefits to legalization require place amenities that legalization alone cannot provide.

scholarly journals ІНСТИТУЦІЙНІ АСПЕКТИ УПРАВЛІННЯ ПОДАТКОВИМ ПОТЕНЦІАЛОМ ПРОМИСЛОВОСТІ

2021 ◽  
pp. 58-67
Author(s):  
Віталій Анатолійович Омельяненко
Keyword(s):  
Tax Policy ◽  
New Technologies ◽  
Entrepreneurial Activity ◽  
Practical Significance ◽  
Innovation Activity ◽  
Innovative Development ◽  
Tax Base ◽  
Investment Activity ◽  
Industrial Enterprises ◽  
Innovation Potential

The priority direction of tax policy is the formation of tax potential, which includes the creation of conditions for the intensification of entrepreneurial activity, the formation of active development actors, the expansion of sources of tax revenue, the stimulation of innovation and investment activity. At the same time, in Ukraine, the lack of systemic directions of tax incentives for innovation in the legislation and practice of tax instruments significantly hinders the development of innovation potential of the economy and reduces its competitiveness. The basis for improving tax policy in the context of innovative development is the institutional component. The purpose of the study is to identify promising institutional aspects of the formation of tax potential in industry. The methodological basis of the study were analytical reviews, regulations, modern scientific and applied research in the field of innovation. The research uses methods of dialectics, methods and principles of scientific knowledge, tools of economic analysis to substantiate proposals for the formation of institutional foundations for the formation of tax potential. The main hypothesis of the study was the assumption that tax policy, which is aimed at developing innovation, largely determines the economic interest of industrial enterprises in the introduction of new technologies, as financial resources released from the tax potential of the enterprise can be directed to its innovation and investment activity. Presenting main material. The strategic task of tax potential management is to increase and strengthen the tax base by stimulating investment and innovation activity; support of enterprises in order to develop production and increase production. The tax potential is considered in the context of institutional innovation projects and smart specialization. An assessment of the prospects for the use of various tax instruments in accordance with the current situation and the need for the transition to adaptive management of tax potential of industry. The originality and practical significance is confirmed by the proposed scientific and methodological approaches to the management of tax potential in the context of innovative development. Conclusions and prospects for further research. Measures to increase the tax potential should include expanding the tax base not only through existing reserves, but also creating a new base through the development of innovation potential. The implementation of the relevant institutional strategy should be aimed not at simple maximization of tax revenues, but at the development of investment and innovation potential with the establishment of favorable conditions for the development of priority projects. Further research will focus on the analysis of the peculiarities of the use of tax tools in the framework of specific institutional and innovative projects of economic development.

A Comparison of XBRL Filings to Corporate 10-Ks—Evidence from the Voluntary Filing Program

2011 ◽  
Vol 25 (2) ◽  
pp. 227-245 ◽  
Author(s):  
Jon Bartley ◽  
Al Y. S Chen ◽  
Eileen Z Taylor
Keyword(s):  
Technological Change ◽  
Financial Reporting ◽  
Large Scale ◽  
Accounting Standards ◽  
Reporting Standards ◽  
Technological Changes ◽  
Financial Reports ◽  
Business Reporting ◽  
Financial Reporting Standards ◽  
Over Time

SYNOPSIS eXtensible Business Reporting Language (XBRL) has the potential to improve the transparency of financial reports; however, its complexity creates the risk of introducing errors that are a threat to its usefulness. XBRL is a complex technological change in financial reporting of nearly unprecedented scope. Prior to June 2009, the date of the first mandated XBRL filings, the SEC made available a Voluntary Filing Program (VFP) to assist in addressing the difficulties of creating XBRL documents. This study examines errors in the VFP filings, and investigates whether stakeholders used their experience to improve the XBRL technology and processes. Findings indicate a reduction in errors over time, suggesting that the VFP for XBRL was successful. These results support the use of a VFP to identify and solve unanticipated issues and evaluate the feasibility of implementing large-scale technological changes in financial reporting and perhaps comprehensive changes in accounting standards such as the implementation of International Financial Reporting Standards.

scholarly journals Organizational and economic aspects of innovation management in agro-industrial enterprises

2021 ◽  
Vol 116 ◽  
pp. 00041
Author(s):  
Vladislav Anichin ◽  
Dmitry Chugay ◽  
Galina Khudobina ◽  
Natalia Yakovenko
Keyword(s):  
Large Scale ◽  
Innovation Management ◽  
Digital Economy ◽  
Innovation Activity ◽  
Industrial Complex ◽  
Economic Aspects ◽  
Macroeconomic Factors ◽  
Fair Competition ◽  
Industrial Enterprises ◽  
Innovation Activities

The economic aspects of innovation activity are determined by the fact that innovations serve to achieve the economic goals of the enterprise, act as a means of competition and require the use of economic resources. When organizing innovation activities, it is important to take into account macroeconomic factors and intra-company conditions. The authors identify three large-scale macroeconomic factors that have a significant impact on the chain of interrelated innovations in the activities of modern Russian agro-industrial enterprises. At present, the factor of creating institutions of the digital economy is beginning to take effect, in connection with which the third wave of organizational, technological and marketing innovations and the next growth of agro-industrial production in Russia are expected. Due to the different rates of economic concentration in the three areas of the agro-industrial complex, historically, unfair vertical competition has been and remains one of the limitations for innovation at agro-industrial enterprises. In the digital economy, information about the essential conditions of concluded transactions becomes available to antimonopoly authorities in real time, which allows them to quickly develop and apply regulatory actions in cases of violations of antimonopoly legislation or in cases of “failures” of the market. It is also possible to create institutions that support fair competition in the vertical and horizontal dimensions. The opportunities that open up actualize the improvement of the conditions for innovation activity at the intra-company level.

scholarly journals Assessment of Financial Opportunities for Implementation of Innovation Potential by Mining Enterprises of Non-Ferrous Metallurgy of the North and the Arctic

2021 ◽  
pp. 77-88
Author(s):  
Vyacheslav A. TSUKERMAN ◽  
◽  
Elena S. GORYACHEVSKAYA
Keyword(s):  
Ferrous Metallurgy ◽  
Technological Development ◽  
Public Access ◽  
The Arctic ◽  
Innovation Activity ◽  
Financial Security ◽  
Industrial Enterprises ◽  
The North ◽  
Innovation Potential ◽  
Special Cases

The analysis of methods for assessing the financial opportunities for increasing the economic efficiency of industrial enterprises using absolute and relative indicators and coefficients was carried out. A mechanism for determining financial possibilities for realizing innovative potential of northern mining enterprises of non-ferrous metallurgy, based on the method of assessing the three-component coefficient, which allows choosing the most rational strategy of scientific and technological development, taking into account financial resources and features of production functioning in the northern regions of the Russian Federation, was developed. It is shown that the proposed methodology can be used with limited infor-mation in the accounting statements provided in public access. On the basis of objective indicators, the research of innovation activity of twenty industrial enterprises of non-ferrous metallurgy directly operating in the North and the Arctic and included as subsidiaries and branches of seven largest corporations — PJSC MMC “Norilsk Nickel”, JSC “Mine Karalveem”, PJSC “Acron”, JSC “Mining company “Berelekh”, PJSC “Seligdar”, OJSC “Susumanzoloto”, JSC “Polymetal” for the period 2013–2019 was carried out. Studies showed the dependence of the innovation activity of northern enterprises of non-ferrous metallurgy on the level of financial security revealed by the method of assessing the three-component coefficient. Scientifically substantiated possibility of developing and implementing a strategy of innovation development of enterprises for the medium and long term periods based on the level of financial security is shown. Enterprises with high financial security or in special cases (with additional investments with normal financial security) are able to generate innovation technologies. As the analysis has shown, the majority of northern enterprises have low financial security, which does not allow them to count on effective innovative development without attracting a significant amount of targeted investments.

scholarly journals FEATURES OF ENTERPRISES STAFF ADMINISTRATION IN THE INNOVATION CONTEXT

2021 ◽  
pp. 37-46
Author(s):  
Petr Kоrenyuk ◽  
Antonina Zienina-Bilichenko
Keyword(s):  
National Economy ◽  
Innovation Process ◽  
Innovation Activity ◽  
Highly Qualified ◽  
Controlled System ◽  
Local Conditions ◽  
Industrial Enterprises ◽  
Innovation Potential ◽  
Close Relationship ◽  
Complementary Nature

The mechanism of stimulation of employees taking into account the achieved personal results will help to increase the level of interest in reaching the goal of the organization, and to preserve its highly qualified work potential. The main features of innovation by industrial enterprises in the national economy are the long development and testing of innovations, the impossibility in some cases of full appropriation of it’s, the complementary nature of innovation, its close relationship with local conditions and high risk. The task of managing the innovation activity in industrial enterprises of the corporate type of the national economy branches at the present stage can be solved by applying adaptive approaches and adaptive management model. It is based on the formation of the program trajectory of the controlled system for a certain period and the creation of a management system action aimed at eliminating destabilizing disturbances that deviate the controlled system from the program trajectory. The efficiency of the national economy is largely determined by the interaction of science and practice, especially the introduction into production of advanced innovative technologies in industrial enterprises. The analysis of the peculiarities of the innovation process in the national economy shows that the introduction of innovation by enterprises is a process focused on the commercialization of innovations, which reflects the emergence, development and resolution of domestic science and practice, provided by the innovation potential of industrial enterprises.

scholarly journals Formation of Indicators for Assessing the Effectiveness of the Use of Human Capital in the Food Industry

2021 ◽  
pp. 529-537
Author(s):  
Irina Skobliakova ◽  
Svetlana Efremova
Keyword(s):  
Human Capital ◽  
Economic Development ◽  
Production Process ◽  
Financial Reporting ◽  
Food Industry ◽  
Methodological Approach ◽  
Objective Assessment ◽  
Socio Economic Development ◽  
Capital Development ◽  
The Impact

Introduction. No standard methodological approach has yet been developed for an objective assessment of the value of the human resource from the position of its effect on the results of the related industry. Food industry is a strategically important branch of the National Economy. It has its specific requirements for labor resources, which can be used as indicators of their effective use in the production process. The on-going transformation of the food industry structure requires customization of such indicators. The present research objective was to form a group of indicators to assess the efficiency of the use of human capital in food industry. Study objects and methods. Food industry ensures domestic food security and provides the rational use of all resources in the production process. The research featured indicators of human capital assessment adopted in international financial reporting, as well as methods of statistical and mathematical data analysis. Results and discussion. The present article introduces a new methodological approach to determine the impact of human capital on the socio-economic efficiency of a food industry enterprise. The calculation of the integrated human capital index was based on statistical indicators of demand and the intellectual component in the industry, e.g. indices of employment, education, and industrial production. According to the proposed approach, the indicative function was performed by an integrated indicator of socio-economic development, which included indices reduced to a comparable form. The indices reflected the ecological, economic, and social efficiency of food production. The method was tested at a local cereal-producing company. An average increase in costs for the development of human capital by 1% increased the indicators of the socio-economic development from 4 to 5%. The objectivity of the assessment depended on the provision of a given level of human capital development and the choice of target criteria for the development of the food industry. Conclusion. The proposed method can facilitate labor management decisions in food industry. The list of indicators can be expanded in accordance with the objectives and installations of scientific research.

scholarly journals MONITORING OF THE PROSPECTS AND INVESTMENT INSTRUMENTS FOR DEVELOPMENT OF TERRITORIAL COMMUNITIES

2021 ◽  
Author(s):  
Halyna Mashliy ◽  
Olha Mosiy
Keyword(s):  
Economic Development ◽  
Social Development ◽  
Large Scale ◽  
Action Plan ◽  
State Level ◽  
Public Consultation ◽  
Clear Understanding ◽  
Socio Economic Development ◽  
Territorial Structure ◽  
The Government

The article considers the trends of development of territorial communities, substantiates the need to intensify investment processes, which in the context of reform of the administrative and territorial structure of the country will provide communities with greater opportunities for socio-economic development of territories. The administrative-territorial reform is becoming a significant instrument for the spatial regulation of the socio-economic development of the country, which implies a balanced and sustainable development of the regions and the growth of the economic level of the territory by creating the favorable conditions for the development of all regions, as well as territorial communities. The main advantages of territorial reform are proved and determined, the prospects of development of territorial communities in Ukraine are analyzed. The stages of territorial communities creation are considered and prospects of their development in Ukraine are analyzed. The final-term action plan of the government until 2021 of the reform of local self-government is analyzed. It is established that the reform of the administrative and territorial structure of the country is a complex, multi-level and large-scale process, which is closely related to the efficiency of all systems and components of social development. Consequently, this reform should take place in the context of a systemic reform of the administrative and territorial structure at all levels, based on the approved conceptual framework of the reform and a clear understanding of its implementation strategy. It is established that the investment development of the country is a complex, multilevel and large-scale process, which is closely related to the efficiency of all systems and components of social development on the state level, regional level and territorial community level. It is noted that the increase of human resources, qualified development of investment proposals, full use of marketing tools, public consultation, cooperation of communities are important tools to promote their development.

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