Efficiency of financial resources management of agricultural machine building enterprises

2021 ◽  
pp. 133-139
Author(s):  
Svitlana Frunza ◽  
Olga Pavlova ◽  
Oksana Butkevych ◽  
Alona Hora
Keyword(s):  
Machine Building ◽  
Financial Resources ◽  
Enterprise Management ◽  
Effective Management ◽  
Agricultural Machinery ◽  
Foreign Markets ◽  
Resources Management ◽  
Agricultural Engineering ◽  
Agricultural Enterprise ◽  
The Impact

The purpose of the article is to study the impact of effective management of financial resources of agricultural machinery enterprises on the optimization of the use of enterprise resources to increase their competitiveness. Research methodology – in the process of research both general scientific methods (analysis, synthesis, concretization, classification) and special ones are used: system-structural and comparative researches, statistical-economic analysis. The scientific novelty lies in the substantiation of the importance of applying the system method to the management of financial resources of enterprises in this industry, which will increase the competitiveness of enterprises in domestic and foreign markets. The article considers the basics of financial resources management of agricultural machinery enterprises, identifies the stages of financial resources management. Difficult economic and political events in recent years have not escaped the field of agricultural engineering. Not only the business conditions of enterprises have changed, but also their number has decreased– the least competitive enterprises could not resist the influence of crisis factors and were forced to cease their activities, but such dynamics significantly limits Ukraine’s production potential and requires change due to active investment of inefficient enterprises. Conclusions. According to the results of the study, it is concluded that agricultural machinery under conditions of stable competition with the possibility of timely adaptation to changing market conditions, using the efficiency of financial resources management, is able to obtain strategic production stability and profitable sales. Rational organization and effective management of financial resources of an agricultural enterprise will have an impact on the financial and economic condition and competitive positions in the domestic and foreign markets of the enterprise during the management. Key words: financial resources, competitive enterprise, management, management system, agricultural engineering.

scholarly journals Formation and development of agricultural engineering in Russia before 1917

2020 ◽  
Vol 49 (6) ◽  
pp. 109-115
Author(s):  
Yu. S. Tsench
Keyword(s):  
World War I ◽  
Machine Building ◽  
Total Output ◽  
Small Scale ◽  
Local Market ◽  
Scale Production ◽  
Agricultural Machinery ◽  
Agricultural Machine ◽  
Agricultural Engineering ◽  
Market Needs

Material is presented on the formation and development of agricultural engineering in Russia in the 19th - early 20th centuries. The research materials were archival funds, Internet resources, historical works, and literature. The prerequisites and features of the emergence of agricultural machine-building enterprises, namely repair shops and factories, against the background of social changes are examined. The information on the creation and development of Russia’s fi rst agricultural machine-building plants is given and analyzed. Prior to the abolition of serfdom, 60% of enterprises manufacturing agricultural tools belonged to artisanal workshops, and 10% – to small factories. This volume accounted for less than 50% of the market needs, the rest of the equipment necessary for agriculture was supplied by foreign plants. By 1880, the number of domestic enterprises increased to 340. In 1913, agricultural machinery production already accounted for 20.5% of the total volume of Russian mechanical engineering. The largest agricultural engineering plants were located in the south and in the central part of Russia. In 1913, the share of southern plants amounted to 53%, the share of the plants of central provinces – 20.5% of the total output (by value). In other regions, artisanal production of equipment and machinery of simple designs prevailed. After World War I, agricultural machinery production declined to 8% from the 1913 level. Enterprises created in the second half of the nineteenth and early twentieth centuries became the basis of agricultural engineering in Russia. The following features of the Russian agricultural machine-building industry are noted: small-scale production, limited nomenclature, manufacture of tools of simple designs, focus on the local market, lack of export, dependence of production volumes on the yield, lack of narrow specialization of enterprises, seasonal character of production.

scholarly journals Methodological approaches to the development of a digital model for analysis and evaluation of insolvency of joint-stock machine companies

2021 ◽  
Vol 42 (10) ◽  
pp. 146-156
Author(s):  
Kalinina T. VLADIMIROVNA ◽  
◽  
Vasilchuk E. VASILIEVNA ◽  
Kurmangaliyeva A. KASYMBEKOVNA ◽  
Baizakov S. BAIZAKOVICH ◽  
...  
Keyword(s):  
Machine Building ◽  
Digital Model ◽  
Financial Resources ◽  
Effective Management ◽  
Working Capital ◽  
Liquidity Management ◽  
Analysis And Evaluation ◽  
Methodological Approaches ◽  
Labor Resources ◽  
Effective Use

In this article, the application of the policy for managing the risk of insolvency is relevant, methodological approaches to the development of a digital model for analyzing and assessing the risk of insolvency are considered, which is focused on the universal concept of liquidity management for a machine-building company, taking into account the following algorithm: the principle of effective management of the structure of working capital; the principle of efficient use of financial resources; the principle of restoring solvency; the principle of effective management of borrowed funds and the principle of effective use of labor resources.

scholarly journals Issues of human resources management in the enterprises of the machine-building complex of the Tyumen region

2018 ◽  
Vol 170 ◽  
pp. 01066 ◽  
Author(s):  
Victoria Lez’er ◽  
Miroslava Gusarova ◽  
Anna Kopytova
Keyword(s):  
Resource Management ◽  
Human Resources ◽  
Human Resource Management ◽  
Human Resource ◽  
Human Resources Management ◽  
Machine Building ◽  
Enterprise Management ◽  
Resources Management ◽  
Industrial Enterprises ◽  
Machine Building Complex

This article, the authors have considered theoretical-methodological and practical aspects of human resource management in the process of restructuring enterprises of the machine-building complex of the Tyumen region. Based on the study of the evolution of theories concerning the human factor in the economy, the systematization and generalization of the provisions contained therein, the system of categories in the field of human resource management is substantiated. The basic principles of such management have been identified and supplemented, the tasks facing the enterprise management have been clarified, new tools for human resource management have been proposed, to ensure the completeness, continuity and validity of the decisions made in the field of human resources management in the restructuring of industrial enterprises.

scholarly journals Economic and management analysis of the impact of human capital on the development of machinery-building in Bulgaria

2019 ◽  
Vol 297 ◽  
pp. 06015
Author(s):  
Mariana Petrova ◽  
Milena Tepavicharova ◽  
Lyudmila Dikova
Keyword(s):  
Human Capital ◽  
Negative Impact ◽  
Machine Building ◽  
The State ◽  
Building Sector ◽  
Foreign Markets ◽  
Effective Utilization ◽  
Scientific Technical ◽  
Large Production ◽  
The Impact

At present, foreign markets and, above all, the EU market are decisive for the development of the Bulgarian machine-building sector. In the majority of cases, the presence of European and other foreign markets remains at the level of inter-company trading relationships. One reason for this is the absence of strong national scientific, technical and production structures (science-technology-production) which are able to integrate themselves into large production chains. The lack of adequate human capital management, as well as the low level of professional knowledge, skills and competencies, have a negative impact on the economic performance of the sector. Therefore, it is necessary to carry out an economic and managerial analysis of the state of human capital, revealing the possibilities for its effective utilization and management. The purpose of this article is to examine the state of the human capital by analyzing its impact on the development of the machine building sector in Bulgaria.

scholarly journals Controlling as a Basis for Effective Management in Enterprises of the Agro-Industrial Complex

2019 ◽  
Vol 48 (4) ◽  
pp. 139-146
Author(s):  
Елена Жидкова ◽  
Elena Zhidkova
Keyword(s):  
System Integration ◽  
Process Management ◽  
Import Substitution ◽  
Economic Security ◽  
Enterprise Management ◽  
Industrial Complex ◽  
Effective Management ◽  
Agricultural Enterprise ◽  
Accounting Control ◽  
Management Functions

The agro-industrial complex is the leading sector of the country’s economy, which forms its agri-food market, as well as its food and economic security. Enterprises of the agro-industrial complex are currently facing certain difficulties, which are caused by the imposed sanctions and problems of import substitution. The agro-industrial complex, like any other complex multi-level system, needs effective management. It can function and develop successfully only if its management makes timely and reasonable strategic and operational decisions and coordinates the activities of all structural divisions in order to achieve common goals. The difficulties mentioned above have shaped the need to develop new approaches for more efficient management of agricultural enterprises. One of the ways to improve management in agribusiness enterprises is to build a controlling system. Controlling integrates accounting, control, planning, and analysis into a single, self-managed system. The article features the concept and essence of controlling, which is the basis for the effective management of any agricultural enterprise. One of the main reasons for the introduction of controlling in the enterprises of the agro-industrial complex is the need for a system integration of various aspects of business process management in the organizational structure of the enterprise, as controlling provides a methodological and instrumental base to support the main management functions: planning, control, regulation, accounting, and analysis. The organization, production, and development of timely high-quality controlling not only determines the efficiency of the agro-industrial complex enterprise management, but also ensures the processes of making sound management decisions that are aimed at stabilizing the financial situation, smoothing the risks of bankruptcy, as well as the preservation of assets, intellectual property, and innovation.

scholarly journals The Impact of Financial Factors on the After-Sales Service of Agricultural Machinery: A Case Study of Chinese Agricultural Machinery in South Africa

2021 ◽  
Vol 11 (1) ◽  
pp. 71-78
Author(s):  
Xiaoshun Qin ◽  
Dongdong Jiang ◽  
Leon Pretorius
Keyword(s):  
South Africa ◽  
Major Effect ◽  
Financial Resources ◽  
Economic Factors ◽  
Agricultural Machinery ◽  
Financial Factors ◽  
Agricultural Mechanization ◽  
Farm Equipment ◽  
The Impact

Compared to other countries, the level of agricultural mechanization in Africa and South Africa is relatively low. Among the factors that influence agricultural mechanization, after-sales service of agricultural machinery is among the most significant. On the other hand, financial resources primarily impact on improvement and enhancement of after-sales service of farm equipment. In this paper, a questionnaire was employed as the method of quantitative data collection to assist in the analysis of data from 739 respondents in the Chinese context. Due to the Covid-19 pandemic in 2020 (Mmbengwa & Qin, 2020), no questionnaires were collected from South Africa for the purposes of this paper. A standard multiple regression analysis (MRA) was utilized to analyze the data collected from the structured questionnaires. Evidence from this study suggests that combining these financial resource factors has a major effect (F2 = 0.802) on the after-sales service of farm equipment. The high scores obtained for economic factors and analyzed in this study mean that, to a large extent, these have a major impact on China’s after-sales service for agricultural machinery in South Africa.

scholarly journals Financial management as a component of an effective management system for an agricultural enterprise in today's challenging environment

2020 ◽  
Vol 22 (94) ◽  
pp. 3-8
Author(s):  
R. M. Myniv
Keyword(s):  
Financial Crisis ◽  
Financial Management ◽  
Management System ◽  
Point Of View ◽  
Financial Resources ◽  
Effective Management ◽  
Negative Consequences ◽  
Management Decisions ◽  
Agricultural Enterprise ◽  
Financial Management System

Modern trends in financial management, the highest goal of the activity determine the growth of the value of the enterprise and the income of its owners. From this point of view, the financial manager should be seen as an intermediary between the enterprise and the investors, and the entity acts as the “client” of the investors. The concept of financial management combines two categories of “finance” and “management” and directly relates to the business entity. in times of financial crisis, rational management of capital is required, which will enable the use of new management tools that take into account the possibilities of using innovations. In financial management, management aimed at financial recovery of an agricultural enterprise is a system of principles and methods of development and implementation of a set of special management decisions that prevent and overcome the financial crisis, as well as minimize its negative consequences. Financial management of an agricultural enterprise is based on three basic concepts: the concept of present (present) value, the concept of entrepreneurial and the concept of cash flows. Any business can be given as an interconnected system of movement of financial resources caused by management decisions. the content of financial management is the effective use of the financial mechanism - a system of financial management, designed to organize the interaction of financial relations and monetary funds in order to optimize their impact on the final results of the enterprise, which will achieve its strategic and tactical goals. The main tasks of financial management, the scientist refers to: identification of financial sources of production development; definition of effective directions of investment of financial resources; rationalization of operations with securities; establishing optimal relations with the financial and credit system, economic entities. Financial management as a part of the system of effective management of an agricultural enterprise envisages observance of the following principles: adaptability, ie the ability of the financial management system to react actively to changes in the internal and external environment (the principle of dynamism) and to adapt its own activity in accordance with these changes; manageability, that is, subordination to decisions made at the highest level of management; consistency, ie determination of all financial management processes at all levels; optimality, which implies such construction of information flows, organizational support of financial management, which would ensure optimal decision-making process. The defining provisions of the concept of financial management are considered appropriate to include: achievement of maximum social, personal and collective effect; application of synthesis of approaches to the construction of financial management system; allocation of financial management subsystems based on financial management methods; separation of functions of financial management from the point of view of financial resources management; providing a mechanism for close interaction between subsystems and financial management functions; management based on the regulation of a system of balanced indicators characterizing the operation of subsystems and the performance of functions of financial management of an agricultural enterprise

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.

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