scholarly journals METHODOLOGICAL APPROACH TO THE ASSESSMENT OF THE EXISTING AND FORECAST EFFICIENCY OF THE ENTERPRISES' FINANCIAL POLICY

Author(s):  
V. Tovmasian
Author(s):  
Оксана Василівна Бондар-Підгурська ◽  
Алла Олександрівна Глєбова

The scientific and methodological approach to the evaluation and analysis of the efficiency of system management by innovation factors for sustainable development of national economy from the point of view satisfaction vital interest’s population is developed. This is the calculation of the modernized index human development based on the adjective model based on 26 indicators (social, economic and environmental subsystems), as well as using the methods of the main components and the slip matrix. The resultant value is the modernized Human Development Index (MHDІ) of Ukraine. The architectonics MHDІ of Ukraine in 2007–2017 from the position of sub-indices of the ecological, social and economic subsystems is analyzed. Consequently, the scientific and methodological approach based on the MHDI change allows us to draw conclusions regarding the effectiveness of the work and public administration bodies in the context of making managerial decisions regarding the satisfaction of the vital interest’s population. MHDI considers the main regulated parameter of the system management in the innovation factors of sustainable development in socially oriented economy. The tendency of steady decline MHDI of Ukraine in 2007–2017 on 53.45 % was confirmed, which confirms inefficient state regulation of crisis situations in Ukraine. In order to increase the efficiency management of innovative factors by sustainable development of the national economy, from the standpoint of satisfaction vital interest’s population, it is proposed to intensify the use of public debt and savings bonds, market and non-market methods of relief and debt load. This is due to the fact that at the current stage of development in the national economy, public external debt is one of the most significant indicators of the state economy. It is at the same time a criterion for the effectiveness of public financial policy, as well as a threat and opportunity for the Ukrainian economy. In order to optimize its size, various methods, approaches, tools are used. Based on the analysis of world experience, it has been established that the securities market, in particular debt securities, plays a strategic role in regulating this issue. Therefore, it makes sense to recommend government debt bonds and government savings bonds to optimize the amount of external public debt.


Author(s):  
Ірина Миколаївна Крейдич ◽  
Ваган Робертович Товмасян

The article presents the results of the review and evaluation of the dynamics of economic effects from business financial policies based on the developed scientific methodological approach. A comprehensive assessment of the economic performance dynamics as an outcome of financial policy has been carried out according to the sustainability and turnover criteria for selected enterprises: SE «Antonov», LLC «Kyivaeroproekt», SE «Konotop Aircraft Repair Plant «Aviacon», SE «Lviv State Aircraft Repair Plant», SE «Kharkiv Machine-Building Plant (FED)» and PJSC «Motor Sich». The study employed integrated indicators subject to priorly defined criteria aimed at determining the deviation of the total value of the regulatory and optimizing financial tools efficiency that will enable to assessing the degree of enterprise enhancement. To evaluate the financial policy effectiveness, a methodological approach has been suggested based on the use of a hierarchical model and integrated indicator which includes basic indicators, in particular, the dynamics indicators as to the financial policy objects. The findings have revealed the objects of financial policy that need direct actions to improve the position of aviation enterprises by the criteria of sustainability and turnover. The study has also identified the key objects that urge critical changes and enhancing financial tools to manage stocks, financial assets, receivables, investments, loans, etc. Emphasis is placed on the optimization strategy and the need to build an effective depreciation policy. It is argued that the proposed methodological approach to evaluating the economic effects of the financial policy in the aviation industry will contribute to assessing its current state and adjusting the decision-making policy, as well as to modernizing the management framework and its economic effects on financial processes to boost innovation driven enterprise development.


2020 ◽  
Author(s):  
Iryna Kreidych ◽  
◽  
Vahan Tovmasian ◽  

The article investigates the scientific and methodological approach to substantiation of the system of indicators for evaluating the financial policy of aviation enterprises. A methodical approach to determining the effectiveness of financial policy at the level of the criterion of “sustainability” according to the hierarchical model of integrated indicator formation is proposed. It is determined that the evaluation of the financial policy of the enterprise should be carried out on such groups of indicators as: indicators of financial policy for inventory management, financial policy for cash and cash equivalents, financial policy for receivables management, financial policy for equity regulation, indicators of financial policy on regulation of invested capital, indicators of financial policy on regulation of attracted capital, indicators of financial policy on optimization of distribution of financial resources on fixed assets and indicators of financial policy on optimization of distribution of financial resources on intangible assets. The methods of evaluating the effectiveness of the financial policy of the aviation enterprise based on the application of the hierarchy of objects of analysis, certain criteria, and the corresponding integrated indicators, which are aimed at determining the deviation of the total efficiency of regulatory and optimizing financial instruments, which will determine the level of improvement. It is determined that the developed methodical approach to evaluating the effectiveness of evaluating the financial policy of aviation enterprises will determine its status and adjust further actions, modernizing the system-forming elements of managerial and economic influence on the financial processes of enterprise development. An element of scientific novelty of this article is the substantiation of methods for assessing the effectiveness of the enterprise’s financial policy based on the hierarchical application of objects of analysis, certain criteria, and their corresponding integrated indicators, which are aimed at determining the deviation of the total efficiency of regulatory and optimizing financial instruments. A promising area of further research is the development of a mechanism for implementing the financial policy of aviation enterprises, as well as the justification of measures to prevent and neutralize the impact of crises on the effectiveness of financial policy of the enterprise.


2020 ◽  
Vol 25 (1) ◽  
pp. 105-120
Author(s):  
Yu.G. Shvetsov ◽  
I.M. Kamnev

Subject. The article deals with the analysis of the contemporary status of the economic category Finance in Russia. Objectives. The article seeks to disclose the internal content of the category in relation to the current level of development of the national economy. Methods. For the study, we used the dialectic method of examining objective economic laws, patterns and phenomena in their constant development and interrelationships, and the systems approach, as well. Results. We present our own concept of the economic category, the essential functions of finance, financial system of the State and its structural elements. We formulate the objectives and framework of financial policy and public financial management system at various levels, and propose a methodological approach to the study of financial management as an independent scientific discipline. Conclusions. We conclude about the need for an equable approach to the theoretical aspect of the category Finance both in the economic theory and practice.


2006 ◽  
Vol 18 (4) ◽  
pp. 160-173 ◽  
Author(s):  
Maria Senokozlieva ◽  
Oliver Fischer ◽  
Gary Bente ◽  
Nicole Krämer

Abstract. TV news are essentially cultural phenomena. Previous research suggests that the often-overlooked formal and implicit characteristics of newscasts may be systematically related to culture-specific characteristics. Investigating these characteristics by means of a frame-by-frame content analysis is identified as a particularly promising methodological approach. To examine the relationship between culture and selected formal characteristics of newscasts, we present an explorative study that compares material from the USA, the Arab world, and Germany. Results indicate that there are many significant differences, some of which are in line with expectations derived from cultural specifics. Specifically, we argue that the number of persons presented as well as the context in which they are presented can be interpreted as indicators of Individualism/Collectivism. The conclusions underline the validity of the chosen methodological approach, but also demonstrate the need for more comprehensive and theory-driven category schemes.


2010 ◽  
Vol 72 (08/09) ◽  
Author(s):  
A Ahmad ◽  
R Krumkamp ◽  
S Mounier-Jack ◽  
R Reintjes ◽  
R Coker

2020 ◽  
Vol 39 (5) ◽  
pp. 6419-6430
Author(s):  
Dusan Marcek

To forecast time series data, two methodological frameworks of statistical and computational intelligence modelling are considered. The statistical methodological approach is based on the theory of invertible ARIMA (Auto-Regressive Integrated Moving Average) models with Maximum Likelihood (ML) estimating method. As a competitive tool to statistical forecasting models, we use the popular classic neural network (NN) of perceptron type. To train NN, the Back-Propagation (BP) algorithm and heuristics like genetic and micro-genetic algorithm (GA and MGA) are implemented on the large data set. A comparative analysis of selected learning methods is performed and evaluated. From performed experiments we find that the optimal population size will likely be 20 with the lowest training time from all NN trained by the evolutionary algorithms, while the prediction accuracy level is lesser, but still acceptable by managers.


Author(s):  
O. M. Korchazhkina

The article presents a methodological approach to studying iterative processes in the school course of geometry, by the example of constructing a Koch snowflake fractal curve and calculating a few characteristics of it. The interactive creative environment 1C:MathKit is chosen to visualize the method discussed. By performing repetitive constructions and algebraic calculations using ICT tools, students acquire a steady skill of work with geometric objects of various levels of complexity, comprehend the possibilities of mathematical interpretation of iterative processes in practice, and learn how to understand the dialectical unity between finite and infinite parameters of flat geometric figures. When students are getting familiar with such contradictory concepts and categories, that replenishes their experience of worldview comprehension of the subject areas they study through the concept of “big ideas”. The latter allows them to take a fresh look at the processes in the world around. The article is a matter of interest to schoolteachers of computer science and mathematics, as well as university scholars who teach the course “Concepts of modern natural sciences”.


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