scholarly journals ECONOMIC ANALYSIS IN THE MANAGEMENT SYSTEM OF CURRENT ASSETS OF THE ENTERPRISE

2021 ◽  
Author(s):  
Iryna Lobacheva ◽  
Nataliia Polishchuk
Keyword(s):  
Economic Analysis ◽  
Management System ◽  
Financial Analysis ◽  
Economic Benefits ◽  
Main Task ◽  
Joint Stock Company ◽  
Industrial Complex ◽  
Historical Cost ◽  
Business Operations ◽  
The Impact

The article considers the methodology of financial analysis in the process of managing current assets of an agricultural enterprise. It is noted that economic activity and the economic mechanism should encourage the interests of people to achieve a certain positive result from the main activity: an increase in the volume of manufactured products, an increase in income and profit of the enterprise, an increase in labor productivity of workers and an intensification of activities. It is proved that the successful solution of the strategic task of overcoming the global financial crisis and stabilizing market relations is largely based on the restructuring and improvement of forms and methods of economic analysis. In the management system, financial and economic analysis is an integral part of management, and not an emergency measure, because it is impossible to carry out management without a systematic analysis of the state and availability of material values and funds, their expenditure, operations and processes that are associated with the sale of goods. It is noted that in the conditions of stabilization, the timeliness and effectiveness of economic analysis are of great importance. The efficiency of inventory sales largely depends on these factors. The main task of all enterprises of the agro – industrial complex is to adapt to modern realities in the agricultural sector, which involves solving a large number of legislative misunderstandings and economic problems and inconsistencies. The traditional approach to organizing a financial analysis system in modern conditions is marked exclusively by international market terminology, but by old approaches, estimates and tools. One of these examples of enterprises with modern approaches to solving problems of financial analysis of current assets is Public Joint Stock Company "Dashkivtsi", where not only financial and economic indicators are improving, but also sales markets and the range of agricultural products are expanding, its quality is improving, which is highly appreciated by consumers. Assets of an enterprise are resources – tangible or intangible resources of value (property objects) that are received by the enterprise as a result of previous operational and economic processes and tend to bring it (the enterprise) economic benefits in the future in the form of income. In world practice, assets are most often defined as a certain type of resource that an enterprise receives as a result of past events. The use of such resources in current or future periods may lead to an increase in the economic benefits of the enterprise itself or its owners. For the preparation of financial statements, the main valuation of assets is historical cost. Some enterprises use the current cost of assets as the main one, because they are not able or ready to complete the accounting model of their historical cost and reflect the impact of price changes on non-monetary assets. At the same time, each type of enterprise asset has a special methodology for evaluating various business operations in the course of its activities. The company's assets are divided into current and non-current. In foreign practice, each enterprise, taking into account the nature of its activities and the specifics of technology and organization of business operations, independently decides on the issue of dividing assets into current and non-current. In Ukraine, in accordance with the accounting regulation (standard) No. 2 "Balance sheet", the division of assets into current and non-current is mandatory.

scholarly journals The cultural and economic power of advertisers in the business press

Journalism ◽  
2017 ◽  
Vol 19 (8) ◽  
pp. 1078-1095 ◽  
Author(s):  
Maha Rafi Atal
Keyword(s):  
Economic Analysis ◽  
Financial Analysis ◽  
Cultural Analysis ◽  
Content Increase ◽  
Organizational Mission ◽  
Media Companies ◽  
Business Press ◽  
Business Journalism ◽  
The Impact

Media studies scholarship on advertising has traditionally fallen into two camps. Cultural analysis emphasizes the signals advertisements send to consumers, focusing primarily on the role of advertising creatives. Economic analysis emphasizes advertising’s impact on media companies’ financial performance, focusing on the role of sales managers and proprietors. Both approaches minimize the role of reporters, against whose work advertisers place their messages. This article draws on interviews, as well as financial analysis, at six newsrooms to examine the impact of advertising practices on the editorial independence of reporters. Combining cultural and economic analysis, the article highlights the unique threat advertiser influence poses to critical business reporting, which takes as its subject the very firms who must choose to advertise against it. The article argues that the new forms of advertising, where branded content is presented alongside, and intended to mimic, reported content, increase the threat of advertiser capture. At four legacy outlets studied, investigative business coverage has declined as media organizations react to the changed operating environment with practices that compromise the divide between news and advertising staff. At two online startups studied, where new advertising formats have always been part of strategy, news and sales staff remain separate. Yet there is limited appetite at these outlets for conducting critical business journalism, which is not seen as key to organizational mission. The article concludes with policy recommendations to safeguard the viability of critical business journalism.

Training of Engineering Personnel for Working in Agriculture Considering the Requirements for Digitalization Development in Agro – Industrial Complex

2020 ◽  
Vol 11 (3) ◽  
pp. 692
Author(s):  
O. D. RUBAEVA ◽  
I. A. ZUBAREVA ◽  
N. A. PAKHOMOVA ◽  
E. A. MALYKHINA
Keyword(s):  
Human Resources ◽  
Policy Science ◽  
Digital Economy ◽  
Main Task ◽  
Industrial Complex ◽  
Digital Competencies ◽  
Chelyabinsk Region ◽  
The Impact ◽  
Digital Fluency ◽  
Engineering Personnel

This article describes the impact of digital economy on changes in economic environmental and social spheres. This leads to changes in educational environment considering the requirements for the development of digitalization in agro – industrial complex (AIC). In this regard, the conditions of education and training of engineering personnel with competencies for working in AIC digital economy are also changing. The authors studied influence of the main trends in the development of digital fluency and digital competencies on the formation of engineering human resources in AIC. Particular attention was paid to the analysis of the development of the human resources component of the digital economy of AIC in this region, in particular, according to the parameters of “Personnel for Digital Economy” project in the Chelyabinsk Region, it is planned to increase the share of population with digital fluency and key competencies in digital economy from 27% in 2019 to 80% by year 2024. Human resources are the most important strategic resource for the development of AIC digitalization. At the same time, labor requirements are constantly growing. Formation of digital competencies should be the goal of engineers, and the development of a mechanism to achieve this goal is the main task of state personnel policy, science and education. Consequently, the role of education in training of engineering personnel for working in agriculture taking into account the requirements for AIC digitalization development is becoming more and more relevant.

scholarly journals Preventive risk management in the enterprise

2021 ◽  
pp. 22-25
Author(s):  
Oksana ZAKHARCHUK ◽  
Oksana KOVALYK ◽  
Kseniia KOVTUNENKO
Keyword(s):  
Risk Management ◽  
Management System ◽  
Point Of View ◽  
Integrated System ◽  
Main Task ◽  
Management Culture ◽  
Risk Management System ◽  
Risk Management Process ◽  
Preventive Method ◽  
The Impact

In modern conditions, when changes in the external environment occur quite often, the probability of risks increases, there is a need to study and develop a risk management system for each enterprise separately, depending on its specifics. The article considers the main definitions of risk, its impact on the company's activities. The main types of risks that arise in any direction of business activity are considered. The impact of these risks on the company's activities is determined. It is determined that each risk can be considered as a negative financial result of activity or the probability of loss of profit, as well as a positive result of activity in the form of additional unplanned profit. The article considers risk management at the enterprise as an integrated system. Each stage of the risk management process is considered as a separate element and as one component of the whole process. There are three approaches to risk management: adaptive, integrated, and preventive. One of the methods of risk management the article considers the preventive method, the mechanism of its implementation. Preventive management is considered from the point of view of a scientific approach as a process of developing and implementing coordinated preventive actions aimed at preventing and minimizing losses from the impact of possible risks on the enterprise. The main task of preventive management is defined, which is to identify and eliminate possible causes of risk. The use of the preventive method and its impact on the interrelation of each activity process are prescribed. It also describes the need to introduce preventive analysis and assess the impact of internal and external factors on business activities. It is determined that the active application of the risk management system using the preventive method, provided that it quickly responds to changes that occur during the company's activities, forms a risk prevention system that allows you to work continuously and covers all areas of activity of all structural divisions of the enterprise, changing the general principles and generally accepted management culture.

Business entities of the digital economy and evaluation problems of the efficiency of their activity

2021 ◽  
Vol 2021 (1) ◽  
pp. 103-116
Author(s):  
Halyna PARTYN ◽  
◽  
Anatoliy ZAGORODNY ◽  
Liubomyr PYLYPENKO ◽  
◽  
...  
Keyword(s):  
Business Processes ◽  
Financial Analysis ◽  
Economic Benefits ◽  
Digital Economy ◽  
Financial Condition ◽  
Marketing Analysis ◽  
Business Entities ◽  
And Performance ◽  
Resource Support ◽  
The Impact

The peculiarities of the digital economy enterprises are analyzed, their main advantages and risks are established. Factors and problems of value formation of such enterprises are determined. The criteria for evaluating the efficiency of digital economy enterprises are substantiated, as well as the methods and indicators that should be used for this purpose. The peculiarities of the relations of these enterprises with stakeholders and the need to take them into account when evaluating the results of activities are revealed. A feature of the modern economy is the introduction of digital technologies in all business processes of economic entities, as well as the separation of the entire sector of the economy associated with the creation of products and services using these technologies – enterprises of the digital economy. Resource support for the operation of such enterprises covers mainly intangible factors of production, products have a virtual (digital) nature with a rapid rate of aging, and the activity itself –global dissemination. These and other factors necessitate the development of new or improvement of existing tools for assessing the financial position and performance of enterprises of the digital economy. The purpose of the article is to identify the consequences of digitalization of business processes for businesses, highlight the features of the digital economy, identify problems in assessing the effectiveness of their activities and financial condition, as well as substantiate proposals for their solution based on financial and non-financial indicators. Taking into account the listed features and factors of functioning of enterprises of digital economy the basic criteria of the estimation of a condition and results of their activity are formulated, directions of adaptation of methods of the strategic and marketing analysis are proved and indicators which should be used in the course of realization of these methods are offered. It is established that when identifying and determining the results of the digital economy the impact of the relationship with stakeholders should be taken into account.. Indicators of evaluation of innovative activity and innovative potential of these enterprises are offered, the peculiarities of conducting a financial analysis of their activities taking into account the factors of generating economic benefits are revealed.

scholarly journals Integracja jako determinanta wzrostu gospodarczego i doskonalenia zarządzania

2020 ◽  
Vol 64 (4) ◽  
pp. 52-68
Author(s):  
Elżbieta Skrzypek ◽  
◽  
Adam Skrzypek ◽  
Keyword(s):  
Economic Growth ◽  
Continuous Improvement ◽  
Management System ◽  
Integrated Management ◽  
Economic Benefits ◽  
Business Growth ◽  
Integrated Management System ◽  
Synergy Effects ◽  
Diverse Environment ◽  
The Impact

The purpose of the article is to present integration as a determinant of business growth and to indicate the essence, role, significance and relationship with management in an organization. The research methods included an analysis of the available literature and inferences. The work is theoretical in nature. The results indicate the benefits and barriers related to the introduction of integrated management system in an organization. Based on the literature studies it was found that integration as a strategic and inherent approach allows problems to be solved related to achieving real and continuous improvement, and helps an organization to navigate in a changing market environment. The integration of the management system brings economic benefits to the organization, and reveals possible synergy effects. It was pointed out that the concept of integrated improvement 5.0 makes it possible to find a route to success in the functioning of an organization in a variable and diverse environment. Integration was referred to as a determinant of economic growth. The necessity of conducting further research on the impact of effective knowledge management on the comprehensively understood integration processes was underlined.

scholarly journals INFORMATION SUPPORT ISSUES OF RISK MANAGEMENT OF SOCIALLY RESPONSIBLE CORPORATIONS

2020 ◽  
pp. 92-103
Author(s):  
Serhii Fedorovich Lehenchuk ◽  
Iryna Mykolayivna Vygivska ◽  
Tatiana Petrivna Barchak
Keyword(s):  
Risk Management ◽  
Management System ◽  
Information Needs ◽  
Information Support ◽  
Annual Reports ◽  
Industrial Complex ◽  
Negative Effects ◽  
Socially Responsible ◽  
Risk Management System ◽  
The Impact

Urgency of the research. In today's economic environment uncertainty and risk overwhelm any business. A large number of risks are inherent in socially responsible business, which necessitates the need for enhanced monitoring and management, the effectiveness of the risk management system and requires finding new directions for its development. Target setting. Satisfaction of stakeholders' information interests necessitates research of the current state of the risk management system of large companies, their standardization, disclosure of risks in the reporting of socially responsible business. Actual scientific researches and issues analysis. The research of problematic issues regarding risk management of the activity of economic entities was carried out by such scientists as A. P. Algin, P. Y. Atamas, I. T. Balabanov, I. A. Blank, V. V. Vitlinskyy, L. V. Hnylytska, B. A. Zasadnyi, A. B. Kaminsky, T. M. Korolyuk, G. V. Savitska, A. E. Shevelev, O. V. Sheveleva, A. D. Sheremet, O. I. Yastremskii. Uninvestigated parts of general matters defining. Comprehensive research requires the standardization of risk management as well as the creation of an information resource on risk management of socially responsible business for stakeholders. The research objective. Analysis of the annual reports of socially responsible companies (on the example of enterprises of agro-industrial complex) will enable to identify the risks inherent in their activities, methods of managing them as well as to establish the extent to which the issue of quantifying the negative effects of risks and opportunities can be identified. The statement of basic materials. This article analyzes the state and trends of risk management development of socially responsible business, establishes an insufficient level of presenting information on risk in the reporting of agribusiness companies and low degree of communicating information to stakeholders on quantifying the impact of risks and opportunities. Conclusions. Suggestions to increase the effectiveness of the risk management system of socially responsible companies through international risk management certification are made. The directions of development of the risk management system in terms of quantitative measurement of the consequences of risks and opportunities with the purpose of meeting the information needs of stakeholders have been identified.

scholarly journals Creation of a lean management system at an enterprise of the defense industry complex

2018 ◽  
Vol 28 (3) ◽  
pp. 92-98 ◽  
Author(s):  
V. A. Turilov ◽  
B. B. Abdullin
Keyword(s):  
Economic Efficiency ◽  
Lean Manufacturing ◽  
Management System ◽  
Defense Industry ◽  
Industrial Complex ◽  
Lean Management ◽  
Business Operations ◽  
Manufacturing Management ◽  
Business Entities ◽  
Lean Management System

Specifics of the implementation of lean manufacturing management system (SMPS) tools at the domestic enterprises of the defense-industrial complex, who take efforts towards the increase of the economic efficiency of their production and business operations, have been reviewed. The applied SMPS tools introduced or being introduced by business entities have been analyzed. Approaches to planning and content of the stages of SMPS tools implementation at the defense industry enterprises have been formulated.

Formation of a management mechanism for industrial enterprises

2020 ◽  
Vol 26 (10) ◽  
pp. 127-135
Author(s):  
U. Baoyu ◽  
Keyword(s):  
Remote Control ◽  
Management System ◽  
Information Management System ◽  
Industrial Enterprise ◽  
Enterprise Management ◽  
Main Task ◽  
Manufacturing Companies ◽  
Management Mechanism ◽  
Industrial Enterprises ◽  
The Impact

The article presents current problems faced by industrial enterprises related to the impact of the coronavirus epidemic. Difficulties arising from the production of industrial products, which are directly related to restrictive measures, are disclosed. The key directions of companies in the field of processing are defined, namely: creation of a corporate information management system, improvement of the cash management system, introduction of such mechanisms as” implementation of remote office “and” promotion of production automation. Currently, many manufacturing companies have urgent needs for remote collaborative task management, project management, workflow management, and other software. At the same time, they pay more attention to the practical application of BI, big data analysis, and artificial intelligence. The key advantages of processes for automation and intelligent modernization of fixed assets are identified. It is proved that integration of remote control, intelligent equipment and a high level of automation into production and management processes of industrial enterprises will contribute to development in the short and long term. The main task of the presented research is to determine the key features and relationships of the elements of the management mechanism of industrial enterprises among themselves. At the same time, it was possible to form a conceptual management model based on them. To do this, it is necessary to determine the role of the industrial enterprise management mechanism in the management system. The General structural model of the industrial enterprise management mechanism in the conditions of remote control of divisions is formed. The main goal of integrating the management mechanism of an industrial enterprise is to increase competitive advantages and increase profits

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