scholarly journals Problems of Identification and Analysis of Transaction Costs at the Economic Entity Level

2021 ◽  
Vol 9 (524) ◽  
pp. 158-163
Author(s):  
T. V. Herasymenko ◽  
Keyword(s):  
Transaction Costs ◽  
Financial Statements ◽  
Theory And Practice ◽  
Practical Significance ◽  
Financial Investment ◽  
Existing Problems ◽  
Institutional Approach ◽  
Economic Entity ◽  
Analysis And Synthesis ◽  
The Impact

The article is aimed at identifying and analyzing transaction costs when making management decisions at the level of an economic entity. In the course of the research, the following methods were used: grouping – in determining the main forms of transaction costs based on existing classifications; generalization – when systematizing information on the identification of approaches to the assessment and measurement of transaction costs; structural and logical – to determine the place of transaction costs in the structure of the enterprise’s costs; analysis and synthesis – to substantiate the recommendations for displaying information on the level of transaction costs at the enterprise in financial statements. The main forms of transaction costs on the basis of existing classifications are researched. Information on identification of approaches to valuation and measurement of transaction costs is systematized. The place of transaction costs in the structure of the enterprise’s expenses is determined. Recommendations on displaying information on transaction costs at the enterprise in the financial statements on the basis of their occurrence in a certain sphere of activity of the market entity (transaction costs of operational, financial, investment activities) are substantiated, which represents the scientific novelty of the research. It is concluded that the institutional approach, in particular application of the theory of transaction costs before their valuation and preparation of financial statements, allows not only identifying possible solutions to existing problems in accounting theory and practice, but also seting fundamentally new tasks that require non-standard solutions. The practical significance of the obtained research results is to determine the impact of transaction costs on the efficiency of the functioning of market entities and substantiate recommendations for displaying information about their level at the enterprise in financial statements.

scholarly journals TRANSACTION COSTS OF A BUSINESS ENTITY: ACCOUNTING AND ANALYTICAL SUPPORT

2021 ◽  
Vol 137 (3) ◽  
pp. 133-146
Author(s):  
MUKOVIZ Vasyl
Keyword(s):  
Transaction Costs ◽  
Social Institutions ◽  
Financial Statements ◽  
Financial Statement ◽  
Management Decisions ◽  
Business Operations ◽  
Primary Documents ◽  
Analysis And Synthesis ◽  
Principles And Standards ◽  
The Impact

Background. Each entity in the course of business has transaction costs (TC) that directly or indirectly affect financial and economic position of an entity. The volume of TC is constantly growing, so we should take them into account in making management decisions, to ensure their monitoring, separate accounting and to record in the books of the entity. Analysis of recent research and publications has shown that there is a large num­ber of scientific achievements of foreign and domestic scientists, but significant number of issues connected with the importance of reflecting information on transaction costs in accounting and reporting remains unresolved and therefore requires further research. The aim of the article is to identify the features of the disclosure of transaction costs in accounting of the entity, which are related to the formal principles and standards of its management and the operation of informal institutions that influence management decisions. Materials and methods. Methods of induction and deduction, analysis and synthesis, associations and analogies, empirical were used in the research. The works and the appro­aches of domestic and foreign authors were studied, systematized, detailed and specified. Results. Transaction costs are increasing and are defined by the researchers and experts as the important element that restrains economic growth in the realities of eco­nomic development in Ukraine. According to the formal rules, the object of accounting is only those transaction costs that are the result of business operations of the entity, recorded in the primary documents and the implementation of which does not contradict national laws. The evidence from practice shows that the methodology of accounting cost provides information about a significant amount of transaction costs that can be identified and measured by the accounting method elements. However, the costs grouping by financial statement items without taking into account the impact of the transactional component does not provide full disclosure in the financial statements of information summarized in the accounting. Conclusion. Transaction costs, as a category of neo-institutionalism, should be con­sidered through the tasks set by the relevant social institutions. Formal tools for the formation of information about the objects of accounting under the conditions of today can be the accounting policy of the business entity and the professional accountant’s judgment. The provision of information systems and Internet technologies leads to the auto­matic reduction of TC.

The economic essence of receivables as a financial category: Industrial dimension

2021 ◽  
Vol 27 (4) ◽  
pp. 807-832
Author(s):  
Oksana V. KASACHEVA ◽  
Viktor A. UDOD
Keyword(s):  
Systems Approach ◽  
Management Mechanism ◽  
Economic Entity ◽  
Analysis And Synthesis ◽  
Industrial Dimension ◽  
The Subject ◽  
Micro Level ◽  
The Impact ◽  
Adequate Management ◽  
Qualitative Characteristics

Subject. This article discusses the formation of receivables that depends on the influence of numerous and at the same time heterogeneous factors. Objectives. The article aims to develop methodological provisions for the content of receivables, its key elements, in order to establish an adequate management mechanism to maintain capacity to pay and maximize profits. Methods. For the study, we used the systems approach, analysis and synthesis, and generalization. Results. On the basis of generalization and systematization of published works on the subject matter, we have identified insufficient accounting of the impact of receivables at the macro level and show a new direction of the topic in terms of the functional assignment of receivables in the structure of working capital at the micro level. Conclusions. Receivables are a kind of credit exposure of an economic entity. This risk has certain criteria such as volume and duration combined with time, quantitative and qualitative characteristics.

scholarly journals The impact of taxation policies on the research and development of alternative fuel vehicle companies -- A case study of NIO Inc.

2021 ◽  
Vol 958 (1) ◽  
pp. 012019
Author(s):  
J Ma ◽  
I Mayburov
Keyword(s):  
Research And Development ◽  
Industrial Development ◽  
Market Competition ◽  
Alternative Fuel ◽  
Theory And Practice ◽  
Analysis Method ◽  
Industrial Transformation ◽  
Existing Problems ◽  
Alternative Fuel Vehicle ◽  
The Impact

Abstract In the context of industrial transformation and green development, the strategic position of the alternative fuel vehicle industry has been continuously improved, and it has become a long-term key support object for China’s industrial policy. With the acceleration of the industrial development process, the market competition has intensified, and the phenomenon of insufficient enterprise research and development has gradually become serious. This paper uses the literature analysis method, the method of combining theory and practice, and the case analysis method. Take the alternative fuel vehicle emerging company NIO Inc. as a case to analyze the role of taxation policies in research and development (R&D) input and output, identify existing problems and make suggestions for improvement. This study can promote the development of China’s alternative fuel vehicle industry, adjust the relevant upstream and downstream industrial chains and the business structure of industry enterprises, and build an environmentally friendly society as soon as possible. It also has theoretical guiding significance for the overall construction and adjustment of China’s fiscal and taxation policies.

scholarly journals On Understanding of Digital Financial Assets

2021 ◽  
Vol 2 ◽  
pp. 40-44
Author(s):  
Yulia K. Tsaregradskaya ◽  
Keyword(s):  
Legal Regulation ◽  
Practical Significance ◽  
Financial Assets ◽  
Legal Practice ◽  
Educational Materials ◽  
Scientific Methods ◽  
Existing Problems ◽  
Foreign Countries ◽  
Analysis And Synthesis ◽  
General Scientific

Purpose. In the context of the development of digital technologies, the issue of the existence and legal regulation of digital of financial assets is being updated. In modern legal practice, there is no uniformity in the terminology of these relations, so it is especially important to consider the possibility of using different terms from digital currency to digital rights. The article analyzes various approaches to defining the concept of cryptocurrency offered by specialists working not only in the field of law, but also in economics, since it is important to consider the possibility of reflecting digital assets in accounting. In the course of the research, both General scientific and private scientific methods were used: scientific abstraction, system, logical, analysis and synthesis, comparative legal and formal legal. Conclusions are made that: 1) as a result of numerous discussions about the legal regulation of digital of financial assets, the state has decided on the terminology in these relations; 2) according to the author, the most successful term is the concept of “digital financial assets”, since the term “asset” is used in russian legislation, in particular investment and tax; 3) russian legal practice has used the experience of foreign countries when making changes to existing legislation, in particular in civil, expanding the list of objects of civil legal relations. Scientific and practical significance. This research allows us to critically understand the existing problems of cryptocurrency regulation, as well as contributes to the development of theoretical directions on this topic and the creation of educational materials dedicated to the digital economy.

Теоретичні аспекти сутності банківського кредиту та особливості кредитних відносин в аграрному секторі економіки

Ekonomika APK ◽  
2021 ◽  
Vol 319 (5) ◽  
pp. 101-112
Author(s):  
Iryna Tomashuk
Keyword(s):  
Agricultural Sector ◽  
Bank Lending ◽  
Practical Significance ◽  
Agricultural Credit ◽  
Economic Relations ◽  
Agricultural Enterprises ◽  
Theoretical Substantiation ◽  
Analysis And Synthesis ◽  
Banking Institutions ◽  
The Impact

The purpose of the article is to study and comprehend the essence of credit as a basic economic category and identify the features of bank lending in the agricultural sector of the economy. Research methods. In the process of research a number of methods were used: abstract-logical - for structuring and theoretical substantiation of the essence of the categorical apparatus of credit and credit relations; methods of comparative analysis and synthesis - to study the evolutionary aspects of credit development and credit relations in society; monographic - in identifying and systematizing the characteristics of credit relations in the agricultural sector of the economy; structural and functional approach for the formation of a conceptual vision of credit as an economic category and providing the specifics of the system of bank lending to agricultural enterprises; graphic - to illustrate and systematize the results of the study. Research results. The ambiguity of the interpretation of the credit category in the modern economic literature is revealed. It is proposed to consider the loan as a system of organizational and economic relations between the lender and the borrower, legally enshrined in the loan agreement, on the provision of funds for temporary use on terms of payment, maturity, intended use, security and return. The dualistic nature of credit efficiency is identified and analyzed. The fundamental nature of the impact of the specifics of agriculture on credit relations in the agricultural sector of the economy is assessed. The legitimacy of the existence of a separate mechanism of credit relations in the agar sector of economies is proved. The essential characteristics and features of agricultural credit are systematized and the priority features of objects of crediting in agriculture are covered. Scientific novelty. Theoretical aspects of structuring the interpretation of the essence of credit and credit relations have been further developed. Substantiation of structural components and features of bank lending of the agar sector of the economy. Practical significance. The results of the study can be used by public and sectoral authorities, as well as banking institutions in developing measures to enhance lending to the agricultural sector of the economy. Tabl.: 1. Figs.: 3. Refs.: 31.

Methodology for assessing the effectiveness of the scientific and innovative cluster

Ekonomika APK ◽  
2021 ◽  
Vol 317 (3) ◽  
pp. 81-88
Author(s):  
Oleksandr Nechyporenko ◽  
Yurii Nosenko ◽  
Lesia Sinelnyk
Keyword(s):  
Agricultural Sector ◽  
Synthesis Method ◽  
Practical Significance ◽  
Research Centers ◽  
Theoretical Approaches ◽  
Innovative Cluster ◽  
Analysis And Synthesis ◽  
Definition Of ◽  
Internal And External Factors ◽  
The Impact

The purpose of the article is to analyze the existing methodological approaches to assessing the activities of corporate cluster structures of various types and to select criteria for assessing the activities of interregional research centers of the NAAS, as cluster formations. Research methods. General scientific methods of empirical knowledge were applied: monographic and comparison, with the help of which an understanding of various methods of assessing clustering processes and the degree of implementation of integration initiatives was achieved, individual levels of cluster development were discovered and compared, changes in theoretical approaches to assessing their activities were revealed, trends in the development of scientific thoughts about this; also used cognitive comparison and description operations; according to the method of analysis, the optimal methods for assessing the effectiveness of cluster scientific unions have been identified; the synthesis method provided an opportunity to integrate approaches and propose a methodology for determining the level of efficiency of a scientific and innovative association; using a systematic approach, the influence of internal and external factors on the performance of cluster entities and their individual participants in a competitive environment was studied; abstraction made it possible to move away from a number of stereotypes regarding the definition of acceptable criteria for assessing the results of cluster activities and to highlight their essential characteristics, which is the basis of the model for the indicative assessment of the integration of scientific and innovative associations. Research results. A number of different theoretical approaches to determining the effectiveness of the activity of cluster structures are disclosed. It has been established that, in particular, their activities are assessed depending on the object of research or on the potential benefits of integration, while taking into account macro- and microeconomic indicators that characterize the impact of the cluster on society. The analysis and synthesis of currently known individual methods provided an opportunity to propose criteria for assessing the effectiveness of the functioning of “interregional research centers of the NAAS, maximally reflect the degree of implementation of those aspects of integration that ensure the economic efficiency of interaction of all subjects of cluster education and at the same time open up prospects for further research to determine the fair score and weighting factors for each of the proposed indicators. Scientific novelty. A system of complex indicative indicators is proposed for assessing the activities of a scientific and innovative cluster, which reflect the essential characteristics of the implementation of integration initiatives in the agricultural sector. Practical significance. The developed proposals for determining the effectiveness of the functioning of the scientific and innovative cluster can be used to assess the results of the activities of the interregional scientific centers of the NAAS. Refs.: 23.

scholarly journals Post-Pandemic Education: Falling or Preparing for a Jump?

2021 ◽  
Vol 30 (7) ◽  
pp. 9-30
Author(s):  
V. V. Bolgova ◽  
M. A. Garanin ◽  
E. A. Krasnova ◽  
L. V. Khristoforova
Keyword(s):  
Practical Experience ◽  
Educational Process ◽  
Practical Significance ◽  
Educational Systems ◽  
University Management ◽  
Educational Organizations ◽  
Current State ◽  
Analysis And Synthesis ◽  
The University ◽  
The Impact

Abstract. Relevance. The article provides an overview and analysis of the consequences of changes in the global educational space during the period of action of measures to counter the spread of the new COVID-19 coronavirus infection.The aim of the work was to understand the current state and identify possible trajectories of developmentof educational systems in the “post-pandemic” era. Research methodology and methods. The main methods used in the preparation of the work were methods of analysis and synthesis. The review and understanding of various standpoints on the educational organizations functioning in the situation of emergency introduction of quarantine measures and the uncertainty of their consequences allowed us to summarize the main challenges facing the education system today. The forecasting method was used to systematize the capabilities of universities in overcoming crisis phenomena and determine the strengths that can be used as the basis for the transformation of University management.Results. The analysis of the trajectories of the prospective organization of the educational process at the University of “post-pandemic” time is carried out. The article highlights the main ways of the educational system adaptation to work in the conditions of an unpredictable crisis consequences and presents the authors’ vision of the future of higher education in Russia, which is inextricably linked with the country’s attractiveness in the global educational space.Scientific novelty. The authors systematize the impact of the pandemic on various sectors of the economy, including the education sector. The results of the analysis of the practical experience of educational systems in  the new conditions are presented. Scenarios of educational organizations development in an unfavorable dynamic uncertain environment are shown.Practical significance. The results obtained will be useful in adjusting University management systems and developing strategies for universities to overcome the crisis caused by COVID-19 and its consequences.

scholarly journals Methodology For Raising And Motivating Cadets Of Military Educational Institutions For Education And Research Activities On The Example Of The Topic: The Role Of The Italian Revival In The Spiritual And Cultural Revival Of The European Nation

2020 ◽  
Vol 2 (09) ◽  
pp. 59-69
Author(s):  
Guzal Alisherovna Alimova
Keyword(s):  
Theoretical Research ◽  
Practical Significance ◽  
Educational Institutions ◽  
Cultural Revival ◽  
Research Activities ◽  
The Family ◽  
Analysis And Synthesis ◽  
The Impact ◽  
European Renaissance

This article discusses the role of the Italian revival in the spiritual and cultural revival of the Europeannation: on the methodology of educating and motivating cadets of military educational institutionsfor educational and research activities in the example of the topic. In the course of the research, themethods of analysis and synthesis, historical-statistical, civilizational approach, comparative-historicalanalysis, gender and socio-cultural approach, etc. were used. Historical and retrospective analyzeshave revealed a direct link between the European Renaissance and the formation of a newworldview, the transition to another stage of civilization, which is reflected in other areas ofeconomics, politics and human activity provided with innovations and innovative solutions. Thearticle also focuses on the development of the family and the role of women in society. In order todetermine the practical significance of the theoretical research, an experiment was conducted todetermine the impact on the cadets of the problem under consideration, followed by monitoringtheir development and at the same time their interest in learning.

scholarly journals THE EFFECTIVENESS OF EVOLUTIONARY GOVERNANCE IN MEGA CONSTRUCTION PROJECTS: A MODERATED MEDIATION MODEL OF RELATIONAL CONTRACT AND TRANSACTION COST

2019 ◽  
Vol 25 (4) ◽  
pp. 340-352 ◽  
Author(s):  
Dedong Wang ◽  
Shaoze Fang ◽  
Hongwei Fu
Keyword(s):  
Transaction Costs ◽  
Transaction Cost ◽  
Construction Project ◽  
Project Performance ◽  
Theory And Practice ◽  
Mediating Effect ◽  
Equation Modeling ◽  
Relational Contract ◽  
Project Governance ◽  
The Impact

Mega construction project governance is an evolutionary process characterized by high transaction costs and complex interrelationships. Based on transaction cost theory, relational contract theory and evolutionary governance theory, this study explored the impact of evolutionary project governance on mega construction project performance by collectively considering the mediating effect of transaction costs and the moderating effect of a relational contract. Partial least squares structural equation modeling was used to test the hypotheses based on data collected from 176 respondents. The results show that evolutionary project governance would be more effective in increasing project performance and reducing transaction costs in the context of a relational contract. Reducing transaction costs is an effective way to improve project performance, and it is an important mediation variable between evolutionary project governance and project performance in the context of a relational contract. The results enrich the theory on mega construction project governance and reduce the imbalance between theory and practice in previous studies.

Anomalies of the control principle as part of the consolidated financial reporting concept

2021 ◽  
Vol 22 (1) ◽  
pp. 24-47
Author(s):  
Sergei V. KOLCHUGIN
Keyword(s):  
Financial Reporting ◽  
Methodological Approach ◽  
Financial Statements ◽  
Parent Company ◽  
Consolidated Financial Statements ◽  
Analysis And Synthesis ◽  
Methodological Principles ◽  
Control Criteria ◽  
Control Principle ◽  
The Impact

Subject. The article discusses the impact of the control principle on the existing consolidated financial reporting concept. Objectives. I evaluate possible alterations in the consolidation methodology as a result of the anomaly of the control principle. Methods. The study is based on the method of analogy for scientific hypothesizing. The study methodologically relies upon Thomas Kuhn's paradigm shift theory and the impact of anomalies on methodological principles of normal science. The study combines the analysis and synthesis, induction and deduction, and the method of comparison when analyzing the existing control criteria and identifying anomalies of the control principles as part of the consolidated financial reporting concept, and examining how the anomaly influences the consolidation methodology. Results. I discovered that the control principle in the consolidated financial reporting concept influences the consolidation methodology. I suggest using my own methodological approach to preparing consolidated financial statements in case of the non-equity control the parent company holds over its subsidiary. Conclusions and Relevance. The control principle in the consolidated financial reporting concept has not been formalized, thus causing anomalies affecting methodological principles of consolidated financial reporting. The non-equity control of the parent company over its subsidiary is a case in point. This control induces unavoidable changes in the consolidation methodology. The findings can be used to prepare consolidated financial statements in case of the non-equity control of the parent company over its subsidiary.

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