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.

scholarly journals Tourist enterprise marketing complex: international and national aspect

2021 ◽  
pp. 124-127
Author(s):  
О.В. Птащенко ◽  
В.А. Вовк
Keyword(s):  
Development Strategy ◽  
Modern Technology ◽  
Machine Building ◽  
Enterprise Management ◽  
Goods And Services ◽  
Marketing Activities ◽  
Marketing Variables ◽  
Business Entities ◽  
The Right

The main features of the marketing complex for the enterprises of the tourist branch are considered in the article. In a market economy, the concept of marketing, as part of improving enterprise management, becomes an integral part of its activities. With the help of a number of controlled marketing variables, business entities can influence customers, stimulate them, encouraging them to certain, desirable for the company actions in the market until the purchase. One of the elements of the marketing complex is the brand. Increasingly, it is important to use it as one of the most important marketing factors that can ensure the success of the company in the market. To a large extent, this success is due to choosing the right branding strategy. This choice, as well as the positioning and development strategy of the brand directly depend on the chosen variety. In addition, it should be noted that the purpose of marketing is not only to benefit companies, but also to build long-term relationships with consumers, meet their demands, improve the quality of goods and services, improve the conditions of their acquisition. It should also be noted that the formation of marketing activities at the enterprise today is impossible without a focus on modern technology. Such technologies include Internet marketing as a modern way of building a business. Principles of tourism marketing: constant search and maximum respect for the consumer, focus on his needs and requirements, which provide the market is not goods and services, and ways to solve consumer problems; flexibility in achieving the set goal by adapting to the requirements of the market with a simultaneous targeted impact on it; a comprehensive approach to the development of marketing plans, which involves the use not of individual marketing activities, and a set of marketing, a combination of individual elements which allows you to achieve a certain goal; focus on the long-term prospects of the enterprise. Thus, the main purpose of each enterprise is to achieve profitability and stability of services. Today it is possible to achieve only through the introduction of basic principles of marketing and the formation of a comprehensive mechanism of marketing activities. At the same time, the high cost of enterprises, for example, machine-building industry, agricultural machinery enterprises should be compensated by the introduction of modern advanced production technologies, rational use of fundamentally new materials, introduction of modern technological policy, including marketing and work aimed at improving skills. All this once again confirms the importance of marketing management today and as a consequence of the constant introduction of the latest marketing tools.

scholarly journals Investigating the influence of nano-economy management channels on global transformations in the world

2021 ◽  
Vol 3 (13 (111)) ◽  
pp. 18-30
Author(s):  
Tetiana Ostapenko ◽  
Oleksandr Onopriienko ◽  
Iryna Hrashchenko ◽  
Elvira Danilova
Keyword(s):  
Transition Economies ◽  
Global Environment ◽  
Self Management ◽  
Economic Agents ◽  
The World ◽  
Human Economy ◽  
Business Entities ◽  
Main Components ◽  
Favorable Conditions ◽  
The Impact

The problem under investigation is determined by the fact that enterprises consist of separate economic agents that play an increasingly important role in production processes and their management. The channels of such management provide the transfer of positive experience of the totality of economic agents to the global environment. Due to the permanent process of transformations in the world caused by this influence, the probability of being on the sidelines is a problem for most business entities. Their competitiveness and integration into the world economic networks depend on high-quality management and wide application of innovative technologies, including nanotechnologies. The conducted study revealed that: – nano-economy consists of baby economy, human economy, and the economy of nanotechnologies; – the human economy is the central link and the main leader of the impact of nano-economy on global markets. The main components of its management are self-management, self-marketing, and innovative management of the organization personnel; – nanotechnologies, the economics of nanotechnologies, and transfer of nano-knowledge are at the initial stage of their development; – the impact of nano-economy on the development of the global environment is carried out through the functions of nanomanagement; – the management channels of the nano-economy do not affect the entry of countries with transition economies into the global environment due to the fact that they lack the system of nano-economy. This is proved by multifactor analysis of the impact of nano-economy on exports. The obtained indicators, such as exports of USD 57 billion (by the exchange rate of 2021), 281 universities, 1,941,701 business entities, and 135 thousand scientific and technical institutions, do not correlate and determine low direct and inverse indicators of dependence. The results of the study can be used: – at separate enterprises – by using innovative personnel management, including motivating and training of personnel in self-management and self-marketing;  – at the state and regional levels – by creating favorable conditions for the development of baby economy in countries with transition economies and by promoting optimal solutions of separate economic agents

scholarly journals Cluster performance management

ACC Journal ◽  
2020 ◽  
Vol 26 (2) ◽  
pp. 94-100
Author(s):  
Natalie Pelloneová
Keyword(s):  
Czech Republic ◽  
Financial Performance ◽  
Performance Management ◽  
Public Support ◽  
Top Down ◽  
Cluster Performance ◽  
The Czech Republic ◽  
Business Entities ◽  
High Degree ◽  
The Impact

The presented article is based on research evaluating the impact of cluster organisations on the financial performance of member entities. The author’s doctoral thesis examines whether there is a difference in the financial performance of cluster organisations created through the bottom-up and the top-down approaches, under the conditions existing in the Czech Republic. Both types of clusters that meet the condition of maturity (established before or in 2012) and of a high degree of activity were selected for the research. The financial performance of member business entities was assessed using the following indicators: ROA, ROE, ROS, EVA, EVA/employee and EVA/sales. The aim of the research was to demonstrate whether public support for clusters would be reflected in member entities’ better financial performance. The final part of the paper then summarises and discusses the findings.

scholarly journals Micro-Sized Enterprise Management During the Epidemic. Qualitative Analysis

2021 ◽  
Vol 100 ◽  
pp. 01026
Author(s):  
Marcin Kęsy ◽  
Dariusz Pawliszczy ◽  
Liudmyla Morozovska ◽  
Nataliya Navolska ◽  
Oksana Apostolyuk
Keyword(s):  
High Risk ◽  
Qualitative Analysis ◽  
Service Sector ◽  
Local Level ◽  
Enterprise Management ◽  
Cognitive Value ◽  
Financial Condition ◽  
Business Entities

The epidemic has affected the business situation in business entities, especially micro-sized enterprises, which mainly work in the service sector. In the event of a crisis, it is the service sector that is at high risk for business. To improve the financial condition of companies throughout Poland, a so-called “anti-crisis shield” was prepared, in addition, the governing bodies of the Lubuskie Voivodeship prepared an assistance plan for entrepreneurs. Its counterpart at the local level was assistance directed at companies in Zielona Góra. The cognitive value of the article is enriched by a thematic study done at micro-sized enterprises operating in the service sector in the territory of the Lubuskie Voivodeship with offices in Zielona Góra.

scholarly journals STUDYING THE INFLUENCE OF ENVIRONMENTAL FACTORS ON BUSINESS STABILITY OF TRANSPORT ENTERPRISES

2019 ◽  
pp. 53-61
Author(s):  
Ekaterina Viktorovna Tabachnikova
Keyword(s):  
Strong Relationship ◽  
Road Transport ◽  
Enterprise Management ◽  
Economic Factors ◽  
Opinion Poll ◽  
Fuel Price ◽  
The Road ◽  
Financial Condition ◽  
Industry Affiliation ◽  
The Impact

Functioning of the enterprise management system implies collecting and analyzing information about the state of factors that threaten its economic sustainability. The sustainability of an enterprise is considered as the ability to preserve the characteristics of a business entity i.e. ensure its functioning, i.e. the success of the enterprise’s main objective function in time. The list of the most influencing factors depends on the industry affiliation of the enterprise. There has been presented the outcome of the poll of participants at the seminar devoted to upgrading skills of managerial staff of the road transport enterprises held in St. Petersburg in 2018. Studying the results of the opinion poll made it possible to conclude that the serious concern for the management of transport companies in terms of the probability of losing business stability is caused by the social and economic factors of the external environment. In order to assess the stress from the impact of economic factors there was performed a regression-correlation analysis which proved that the most significant and strong relationship between factors-indicators of sustainability can be seen in relation with such economic criteria as the inflation rate and the diesel fuel price. The net financial result and the official liquidation rate of motor transport enterprises were used as indicators of sustainability. The data obtained in the course of analysis helped to adjust the practice of managing the enterprise stability in terms of the methods used. In the present case, a special attention should be paid to the methods of managing the financial condition and methods of managing the costs of a transport enterprise, implementation of which involves the adoption of appropriate organizational and technical solutions.

BANKRUPTCY PREVENTION STRATEGY AND ITS PLACE IN THE SYSTEM OF STRATEGIC ENTERPRISE MANAGEMENT

2020 ◽  
Vol 10 (9) ◽  
pp. 2013-2025
Author(s):  
E.A. Leonenko ◽  
◽  
S.V. Kunev ◽  
A.A. Bushova ◽  
◽  
...  
Keyword(s):  
Early Stage ◽  
State Regulation ◽  
Prevention Strategy ◽  
Enterprise Management ◽  
Prevention Measures ◽  
Economic Relations ◽  
Financial Condition ◽  
Stage Of Development ◽  
Business Entities

In the modern market economy, an assessment of the enterprise's financial condition is of great importance for the effective adaptation of the company to a turbulent market environment. This is due to the fact that organizations acquire independence and are fully responsible for the results of their activities to shareholders, suppliers, employees, creditors and banks. At the same time, in the phase of crisis phenomena in the economy, survival in a competitive environment is of particular importance for many enterprises, and therefore the issues of diagnosing the risk of bankruptcy of business entities are more relevant than ever. When identifying signs of bankruptcy, companies' management focuses on the development and implementation of such measures that would avoid it and build the enterprise to a new stage of development. In this regard, one of the most important components of bankruptcy prevention measures is the development of a bankruptcy prevention strategy (anti-crisis management strategy). To overcome the insolvency of ineffectively operating economic entities, at an early stage, the problem of developing an organizational and economic mechanism and measures that will strengthen the position of an enterprise in the market and help to postpone possible bankruptcy becomes dominant. The inclusion of bankruptcy in the mechanism of state regulation, which followed the formation of new economic relations in the Russian Federation, objectively required a rethinking of the previously accumulated theoretical and methodological developments and practical solutions. A bankruptcy prevention strategy is a set of prescribed measures for the long term to get an enterprise out of a crisis situation and prevent bankruptcy. It is such a development as a strategy for preventing bankruptcy that is an algorithm for all personnel of an enterprise to act during a crisis (bankruptcy).

scholarly journals MANAGEMENT OF FINANCIAL RESULTS OF THE ENTERPRISE IN THE CONDITIONS OF DIGITALIZATION OF THE ECONOMY

2021 ◽  
Vol 9 (12) ◽  
pp. 351-356
Author(s):  
A. A. Popova ◽  
E. A. Aksenova
Keyword(s):  
Management System ◽  
Enterprise Management ◽  
Scientific Problem ◽  
Economic Significance ◽  
Results Management ◽  
Enterprise Management System ◽  
Main Components

This article considers the scientific problem of managing the financial results of an enterprise, presents the procedure for forming the financial results of an enterprise. The concept of financial results management at the enterprise and its main components are defined. The economic significance of profit and the features of its impact on the activities of enterprises are analyzed. The essence, role and features of the process of forming financial results as an element of the general enterprise management system and its main goals are determined. The principles and methods of managing financial results in order to optimize the profitability of modern enterprises are described. The methods of improving the indicators of financial results of the enterprise in the conditions of digitalization of the economy are disclosed.

scholarly journals INFLUENCE OF INVESTMENT ACTIVITY ON INDICATORS OF ENTERPRISE DEVELOPMENT

2021 ◽  
Author(s):  
Olexandr Pankov ◽  
Keyword(s):  
Impact Analysis ◽  
Enterprise Management ◽  
Investment Efficiency ◽  
Economic Competition ◽  
Absolute Size ◽  
Investment Activity ◽  
Investment Projects ◽  
Goods And Services ◽  
Enterprise Management System ◽  
The Impact

Investment activity is central to economic process and determines the overall economic growth of the enterprise. As a result investment increases production volumes, income is growing, evolving and moving forward in economic competition between industry and enterprise, who came forward in the competition and in most meet the demand for one or another goods and services. Received income in part again accumulates and increases, occurs further expansion of production that leads to the prosperity of the enterprise. This the process is repeated continuously. So, investment activity itself causes growth extended playback generated by income account as a result of its effective distribution. At the same time the more effective investment activity, the greater the growth of income, the greater the absolute size accumulation of cash of the enterprise, which can be re-invested in production. At high enough investment efficiency activity income growth can provide increasing the share of accumulation at full consumption growth. Investment impact analysis activities on the efficiency of production, financial and further development of the enterprise is final in order to determine the degree of impact of the implemented investment projects and innovations. However, during the analysis it is important to identify trends in the scale of the impact of implemented investment projects and innovations on change generalizing and private indicators that characterize the efficiency of production, financial and investment activities of the enterprise as a whole. As shown by the analysis of literature sources from issues of investment activity and its impact on development of economic activity of enterprises, on today there is no single approach of the authors to relationship between development factors and components of the enterprise management system. IN during the study of the problem, the impact was identified investment activity as one of the components enterprise management systems, production and financial activities identified and systematized main factors limiting development investment activities in modern enterprises conditions.

scholarly journals Innovative solutions for forming supply chains in the conditions of economic instability

2021 ◽  
Vol 258 ◽  
pp. 06046
Author(s):  
Tatiana Kharlamova ◽  
Andrey Kharlamov ◽  
Peter Lemeshchenko
Keyword(s):  
Supply Chains ◽  
New Technologies ◽  
Goods And Services ◽  
Economic Instability ◽  
Wide Range ◽  
Important Trend ◽  
The Face ◽  
Business Entities ◽  
Implementation Of Innovations ◽  
The Impact

The article examines the changes in the requirements for the development and implementation of innovations in the process of forming and improving supply chains in the face of increasing economic instability. Economic instability is presented as the most important trend in the modern economy and significant factor forming new requirements for supply chains. This, in turn, involves the improvement of applied technologies and development of new technologies, as well as the search for progressive technical and managerial solutions to meet the interests of a wide range of business entities and consumers of goods and services. A distinctive feature of this study is the fact that economic instability is viewed by the authors through the prism of both economic and non-economic processes having, inter alia, an impact on the economic system, including political, military, environmental, epidemiological and other processes. The article focuses on the COVID-19 coronavirus pandemic, as well as its impact on logistics solutions, and the specific demands on supply chains. It is substantiated that the introduction of technical and managerial innovations in this area will allow us to take into account the features and consequences of the impact of COVID-19 on the economy and to effectively influence the processes associated with improving supply chains. Thus, it will ensure compliance with the requirements and conditions determined by modern conditions associated with increased economic instability.

Analysis of Joint Household Decisions about Car and Motorbike Ownership and use in Taiwan

2005 ◽  
Vol 1921 (1) ◽  
pp. 89-99
Author(s):  
Rong-Chang Jou ◽  
Shih-Chieh Kou ◽  
Chih-Cheng Chen
Keyword(s):  
Fixed Costs ◽  
Government Officials ◽  
Demand Functions ◽  
Goods And Services ◽  
The Past ◽  
Household Decisions ◽  
The Subject ◽  
Main Components ◽  
The Impact ◽  
Budget Restriction

Decisions about automobile ownership and use have been the subject of several investigations over the past few decades. However, decisions about car and motorbike ownership and use have not been sufficiently explored. It is important and useful for researchers and government officials in Taiwan to consider joint household decisions about car and motorbike ownership because many motorbikes are used in Taiwan. Therefore, both cars and motorbikes are considered in this study on the basis of microeconomic consumer behavior theory, in which fixed and variable costs are the two main components of budget restriction. A household is assumed to maximize its utility with three parameters: annual kilometers traveled by car, annual kilometers traveled by motorbike, and annual volume of all other goods and services (in monetary units). Probabilities of car and motorbike ownership are derived and calculated from demand functions and indirect utilities. Different scenarios are modeled to investigate the impact of changes in variable and fixed costs of car and motorbike, income, and combinations of these parameters on car and motorbike ownership and use.

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