scholarly journals ACCOUNTING IN THE SYSTEM OF STRATEGIC MANAGEMENT BY AGRICULTURAL ENTERPRISE

2017 ◽  
pp. 280-285
Author(s):  
Vasyl' Tsaruk
Keyword(s):  
Strategic Management ◽  
Accounting Information ◽  
Business Environment ◽  
Economic Security ◽  
Economic Conditions ◽  
Accounting System ◽  
Management Decisions ◽  
Market Conditions ◽  
Agricultural Enterprises ◽  
Agricultural Enterprise

Introduction. Current economic conditions entities of Agrarian Business are characterized by instability and uncertainty. These conditions reduce the efficiency of economic activity. Agricultural enterprises can successfully manage in current business environment in case if an effective mechanism to control is constructed. It requires an adequate information security. In the information system of agricultural enterprise an accounting and analytical information plays a significant role. It is characterized in most of the cases by retrospective content. However, in the current economic conditions it is necessary to generate information not only about domestic economic conditions for agricultural enterprises, but also about a number of external factors. This information can only be obtained through strategically oriented accounting system. Purpose. The research aims to ground the necessity for developing a strategically oriented accounting system to improve management decisions in agricultural enterprises. Methods. The dialectical and systematic approaches to the study of accounting and analytical support of agricultural enterprises have been used. The abstract and logical method to justify the need to develop a strategically oriented accounting system in agricultural enterprises has been applied. Results. The accounting system is the system of information model of the system of the enterprise, which allows us to identify and process data about the facts of economic life and generate and provide information about them to users through a variety of types and formats of financial statements. With the changes in conditions of functioning of enterprises, changes of models and methods of management decisions an accounting system should be properly refined in order to meet the growing information needs of internal and external users of accounting information. As a result of the formation of market conditions there is a need to develop a proper system of accounting and analytical support implementation of the strategic objectives of the enterprise. System of strategic accounting serves as a unifying link in the information space of the enterprise. It allows integration of accounting information with data on the environment and information predictive nature. Only under such conditions accounting system can be fully implemented into the strategic management process. Perspectives. The system strategic accounting as a means of information support of management should provide an adaptation of the enterprise to the changes which occur in the environment, provide identification of critical situations, determine the main opportunities and threats and generally be a tool for maintaining economic security and sustainable development of the agricultural enterprises in dynamic market conditions.

scholarly journals ECONOMIC SECURITY OF AGRICULTURAL ENTERPRISES

2019 ◽  
pp. 10-13
Author(s):  
A. O. Beryoza
Keyword(s):  
Economic Security ◽  
The State ◽  
Economic Conditions ◽  
Agricultural Enterprises ◽  
Effective Functioning ◽  
Agricultural Enterprise ◽  
Detection And Identification ◽  
Theoretical Generalization

The article reveals the results of theoretical generalization and suggests proposals to strengthen the level of economic security of agricultural enterprises. It is proved that the determining condition for the effective functioning of the agricultural enterprise is to support its economic security. The authors note that the state creates and regulates the economic conditions of agricultural enterprises. The article presents the author's position on the need to develop a set of measures to strengthen the economic security of agricultural enterprises at the macro and micro levels, timely detection and identification of threats, and the development of measures to address them.

scholarly journals Institutional factors of accounting and analytical support of economic security management of enterprises

2021 ◽  
pp. 47-55
Author(s):  
Олександр Михайлович Петрук ◽  
Станіслав Ігорович Василішин
Keyword(s):  
Strategic Management ◽  
Security Management ◽  
Business Environment ◽  
Economic Security ◽  
Information Support ◽  
Institutional Factors ◽  
Institutional Factor ◽  
Fundamental Factor ◽  
Vector Orientation ◽  
Definition Of

The aggravation of the crisis phenomena in the national economy and its further recovery are related to the management of the mechanisms to strengthen economic security, which should be based on the improved methodology of accounting and analytical support as the main source of the relevant and reliable information as to the risks of the business environment. The purpose of the research is to establish the institutional factors of accounting and analytical support of economic security management and justify their possible impact. The authors’ definition of economic security has been given and its place in the system of accounting and analytical support has been characterized. The spheres of the institutional influence on accounting and analytical support of economic security management and their manifestations have been determined. It has been assumed that the most fundamental factor that forms the foundation of economic security management on the basis of accounting and analytical support is the effectiveness and vector orientation of the system of strategic management of the enterprise, as the result of which the multidimensionality of accounting and analytical support in the process of strategic management has been characterized. Possible groups of factors that form economic security and the system of its accounting and analytical support have been considered. It has been established that accounting as a source to achieve trust, understanding and manageability of the economic environment and information support of the management processes embodies the features of an independent institution of socio-economic development. The decomposition of the institutional factor influence of accounting and analytical support of economic security management at the macro, meso and micro levels has been substantiated, which allows predicting the vector of changes and form a theoretical foundation for the development of the theory, methodology and organization of accounting and analytical support during the development of the measures to strengthen economic security of the enterprises.

scholarly journals Improvement of analytical support of economic security management of the agricultural enterprises

2021 ◽  
Vol 7 (3) ◽  
pp. 123-141
Author(s):  
Stanislav Vasylishyn ◽  
Oleksandr Ulyanchenko ◽  
Tetiana Bochulia ◽  
Yuliia Herasymenko ◽  
Oleksandr Gorokh
Keyword(s):  
Methodological Approach ◽  
Security Management ◽  
Business Environment ◽  
Economic Security ◽  
Practical Significance ◽  
Integral Approach ◽  
Accurate Information ◽  
Social Resource ◽  
Agricultural Enterprises ◽  
The Impact

Purpose. Under the conditions of strengthening of the destructive effects of the global economic crisis and the growing number of risks of agribusiness, there is a problem in finding the ways to improve accounting and analytical support as the only reliable source of the relevant and accurate information needed for economic security management. The purpose of the article is to substantiate the directions to improve the analytical basis as a component of accounting and analytical support of economic security management of the agricultural enterprises. Methodology / approach. The methodological basis of the research is a dialectical method of cognition of the complex economic phenomena. Consideration of the analytical support of complex management processes took place using a systematic approach, analysis and synthesis. Using an integral approach, a methodology for assessing and analyzing economic security of the agricultural enterprises is developed. This methodology approach includes the parameters of financial, social, resource and environmental security. Results. The analysis of the theoretical and methodological foundations of accounting and analytical support of economic security management showed a variety of the approaches to the choice of the indicators that describe the level of economic security. The situation is complicated by the need to analyze the information that may be relevant for management decisions in conditions of uncertainty. Under these conditions, it is proposed to implement a model of analytical support for economic security management under conditions of uncertainty and growing risks and threats to the business environment of the agricultural enterprises, which should be based on the use of general economic, statistical, integral and econometric approaches. It is determined that in the process of counteracting the risks and threats of the external and internal environment of the agrarian business the use of the integral methods of assessing economic security of the agricultural enterprises becomes crucial. It is substantiated that the most expedient in terms of achieving strategic goals of the enterprise, maintaining its competitive advantages and ensuring sustainable development is the use of integral assessment of economic security, which should be based on a synergistic approach to analysis of 25 indicators of financial, social, resource and environmental components. The approach was tested on the example of 24 agricultural enterprises of Kharkiv region (Ukraine) of crop specialization (2019). The model is also used to analyze the dynamics of the level of economic security under conditions of individual agricultural enterprises of different organizational and legal forms of management (2014–2019).  Originality / scientific novelty. According to the results of the research, a methodological approach to determination of the integral level of economic security of the agricultural enterprises has been improved, based on the impact of the indicators of its individual components, which, at the same time, improves the analytical support of economic security management and strengthens verification, forecasting, preventive, planning and control functions of accounting and analytical support of management mechanisms. Practical value / implications. The practical significance of the proposed approaches consists of the possibility of positioning the enterprises in terms of optimal, satisfactory, shaky and crisis economic security zones, as well as analyzing the dynamics of the integral level of economic security, which takes into consideration the causal relations of the key areas of the agrarian business under conditions of uncertainty.

scholarly journals KEY ACCOUNTING PROBLEMS RELATED TO THE STRATEGIES OF INTERNATIONAL TRANSFER PRICING IN MODERN GLOBALLY OPERATING COMPANIES

2019 ◽  
Vol 30 (1) ◽  
pp. 115-119
Author(s):  
Diana Petrova
Keyword(s):  
Information Needs ◽  
Transfer Pricing ◽  
Rapid Development ◽  
Objective Assessment ◽  
Accounting Information ◽  
Business Environment ◽  
Management Decisions ◽  
Global Business ◽  
Transfer Prices ◽  
Sound Management

This paper treats the role and significance of international transfer pricing in the activities of modern globally operating companies in the contemporary conditions of constantly increasing globalization of the world economic area. The main goals and tasks pursued by the mechanism of international transfer pricing in the hyper competitive, highly risky and dynamically changing global business environment are explained. The key accounting problems related to the processes of planning, analysis and control of specific strategies of international transfer pricing in the globally oriented companies are discussed. The rapid development of globalization processes in contemporary conditions determines the growth of the significance and application of international transfer pricing in the activities of modern globally operating companies. Increasing the degree of their economic integration and the amount of their intra-corporate exchange, as well as the increasing complexity of their international transactions, make international transfer pricing one of the most important and topical problem that is faced by these companies.The main goal pursued by the mechanism of international transfer pricing is to optimize activities and maximize overall profits for the company as a whole on a global basis. The accounting problems that may arise in connection with international transfer pricing in modern globally operating companies are in two main aspects:  problems in terms of information provision of the internal management processes that occur in the different subsidiaries and within the company as a whole;  problems in providing the necessary accounting information for the purpose of compiling the financial statements and satisfying the information needs of the interested external users. The accounting information system of globally operating companies should be able to meet the information needs of their distinctive uniform system of making decisions aimed at coordinating goals on a global basis, successfully implementing the global strategy and optimizing resources and results globally. The accounting must provide adequate information needed to make sound management decisions concerning the policy of international transfer pricing that is implemented, to control the implementation of these decisions and subsequently to assess and analyze the results. A key problem for globally operating companies is implementing such a policy of international transfer pricing that ensures optimal results for the company as a whole and at the same time successful practical implementation of the requirement for consistency of the goals of all units operating within the overall organizational structure. Considerable difficulties arise in the objective assessment of costs and benefits of the application of transfer prices in the implementation of numerous and diverse international operations between the different constituent structural units of the company and the making of sound management decisions based on this.

Analysis of real investments of agricultural enterprises

2020 ◽  
pp. 36-47
Author(s):  
Lyudmila Khoruzhy ◽  
Nina Tryastsina
Keyword(s):  
Strategic Management ◽  
Information Base ◽  
Agricultural Enterprises ◽  
Agricultural Enterprise ◽  
Methodological Approaches ◽  
Agricultural Organizations

The article presents methodological approaches to the analysis of real investments of agricultural enterprises. Based on the example of an agricultural enterprise, the analysis of fixed investments is carried out using the proposed method. The results can be used to form the information base for the strategic management of investment activities of agricultural organizations, as well as to develop prospects for the development of agricultural enterprises.

FEATURES OF STRATEGIC MANAGEMENT OF REGIONS’ ECONOMIC SECURITY

2018 ◽  
Author(s):  
Yuliya Tymchyshyn ◽  
Keyword(s):  
Economic Development ◽  
Strategic Management ◽  
Regional Development ◽  
Action Plan ◽  
Business Environment ◽  
Economic Security ◽  
Regional Level ◽  
Transport Infrastructure ◽  
Strategic Action ◽  
Business Entities

The article develops concept of strategic management as a system of actions necessary to achieve the goals, often in conditions of limited resources. The terms strategy, economic strategy and strategic management of economic security of regions are considered as a specific strategic action plan aimed at developing the economy of the regions, which, in turn, is manifested in the development of social, cultural and other areas of activity of the regions. The principles of strategic management of economic security of regions are characterized: systemic - strategic management should take into account all components of the region’s economy as a system, be aimed at different areas of economic security of both subjects and objects of economic development of regions, strategic measures should be systemic related economic security management processes; regularities - to take into account the regularities of regional development and to have institutional support; planning and continuity - strategic management should be continuous, the directions of economic security should not contradict and agree with each other, be reflected in regional integrated programs; Interactions - measures should be aimed at ensuring the security of regional development and be accompanied by coordinated actions of all participants in this process, including by bringing information to the subjects of strategic management measures. It is noted that the features of strategic management of economic security at the regional level in relation to the national, they include: - the close proximity of diversified regional producers who are able to respond quickly to changes in effective demand; - availability of local labor funds with a concentration of specific skills; - involvement of regional actors in transnational networks; - development of industrial and social regional infrastructure that contributes to economic security. The determinants of the meso-level are substantiated, according to the territorial aspect the following characteristics of the regions should be attributed: - resource provision and potential opportunities of the regions; - regional features; - development of regional infrastructure; - attractiveness of the region (regional level of employment and unemployment; standard of living in the region; investment attractiveness; availability of natural and other resources; branched transport infrastructure). The main obstacles to effective strategic management of economic security of the regions are revealed: distrust of business entities in the methods of public administration and reform of economic relations, administrative barriers and corruption component of economic activity, etc. However, the introduction and implementation of strategic management of economic security of regions in terms of decentralization of management form a competitive business environment, ensure economic development, stability and stability of the economic system of the region through the interest of all actors of economic security.

scholarly journals Effectiveness of strategic management systems for organizational and economic security of agricultural enterprises

2019 ◽  
pp. 94-99
Author(s):  
Rafal Andrzej Lizut
Keyword(s):  
Strategic Management ◽  
Production Efficiency ◽  
High Sensitivity ◽  
Economic Security ◽  
Management Systems ◽  
Impact Factors ◽  
Agricultural Enterprises ◽  
Methodological Problems ◽  
Enterprise Security ◽  
Market Relations

The article deals with the constituents and components of the strategic management systems for the organizational and economic security of agricultural enterprises, as well as outlines the main factors influencing the improvement of their functioning in different conditions. It is proved that in the current conditions of market relations development, more attention is paid to the components of organizational and economic security along with situational problems of political, social, economic and legal nature. The necessity of forming a reasonable set of indicators and indexes for assessing and analyzing the effectiveness of organizational and economic security of agrarian enterprises is determined, which depends on the assessment of the real security situation of agribusiness entities, determining their level of management and monitoring capabilities. It is identified that there are some drawbacks in the development in the existing universal formalized approach to the analysis of organizational and economic security of agribusiness entities, and there is no corresponding system with a clearly defined list of quantitative indicators and indexes. At the same time, it is proved that there are certain methodological problems of analyzing its state and forecasting the dynamics of its level of development for the future. Therefore, the study proposes to use indicators that will determine the existing real enterprise data changes in the level of organizational and economic security, which is manifested through indicators (financial sustainability, profitability of production, efficiency, competitiveness of products, market share, etc.). As a result, the indicators will have certain properties. First, they will form a system in which they interact and perform their indicative function only under this condition. Secondly, they will have high sensitivity and are signals of threats arising from changes in the organizational and economic situation in agribusinesses. Third, they will be clearly formalized, will reflect threats and challenges in quantitative form. Keywords: enterprise security, organizational and economic security, system of safety indicators, impact factors, performance indicators, agribusiness, enterprise.

scholarly journals The Enterprise’s Financial Condition Assessment as a Component of its Creditworthiness

2018 ◽  
Vol 18(33) (4) ◽  
pp. 493-503
Author(s):  
Natalia Wasilewska ◽  
Mirosław Wasilewski ◽  
Serhiy Zabolotnyy
Keyword(s):  
Financial Sector ◽  
Condition Assessment ◽  
Economic Conditions ◽  
Financial Assessment ◽  
Agricultural Enterprises ◽  
The Past ◽  
Financial Condition ◽  
Credit Risks ◽  
Agricultural Enterprise ◽  
Methodological Approaches

The article covers aspects of financial condition analysis regarding creditworthiness of Ukrainian agricultural enterprises that had to operate in unstable economic conditions in 2009-2017. It is proposed to improve methodological approaches to financial assessment of an enterprise – a potential borrower, due to changes in the economy, in particular in the financial sector, which have been influenced by crises that have shaken the Ukrainian economy twice in the past ten years. The proposed approaches to assessing the financial condition of an agricultural enterprise as a component of its creditworthiness increase the accuracy and credibility of such assessments and help to minimize credit risks.

MAKING STRATEGIC MANAGEMENT DECISIONS IN THE DIGITAL ECONOMY

2020 ◽  
Vol 10 (7) ◽  
pp. 1362-1374
Author(s):  
M.S. Faskhutdinova ◽  
◽  
N.B. Larionova ◽  
I.A. Lavrentyeva ◽  
◽  
...  
Keyword(s):  
Decision Making ◽  
Strategic Management ◽  
Business Environment ◽  
Digital Economy ◽  
Strategic Decision ◽  
High Tech ◽  
Decision Making Process ◽  
Management Decisions ◽  
Direct Production ◽  
Wide Range

The article discusses the development of a strategic management solution, which is one of the most important management processes; its efficiency determines the success of the business. The decision-making process is very difficult. There are many different subtleties in it that are well known to professional managers. Therefore, a strategic decision includes a deliberate conclusion concerning the need to take actions, or refrain from them, related to achieving the goals of the organization and overcoming the problems it faces. This is a process of choosing from a variety of alternatives the most preferable one for solving the problem. Each organization wishing to achieve the intended goal will be engaged in the development of strategic management decisions; and in each organization the practice of developing and making these decisions will have its own characteristics, determined by the nature and specifics of its activities, its organizational structure and internal culture. Modern enterprise is distinguished by the scale of activity, its separation from the direct production process or the provision of services. Nevertheless, there is always something in common that is characteristic of any decision-making process. This is what shapes the design and decision-making technology used in any organization. Only in this case it will be possible to obtain and achieve: clearly structured, interrelated and balanced strategic documents; a system of indicators built into logical multi-level structures that correspond to the structure of the development strategy; modeling forecasts using computational models, involving a wide range of specialists; reverse analysis of an unfulfilled or exceeded indicator, including public and professional monitoring of the consequences and violations; details of both available strategy elements and related indicators; simplified integration of an economic asset into a strategy, both for planning and in terms of obtaining feedback on the implementation of adopted programs and projects. Digital technologies are driving global changes in the business environment. The newest digital economy today is constructed on significantly different rules than the traditional economy. Entrepreneurship is forced to develop and adapt in an environment that includes an ever changing environment that stands and adapts the business to dynamically changing conditions at a strategic and tactical level. In the digital economy, its main factors are: data in digital form, their processing and use in large volumes - this is an economic activity that can increase efficiency, quality and efficiency in various types of production, technologies, equipment. It is based on the production of high-tech business structures, electronic products and services, and the sale of these products through e-commerce, which has become and will be possible thanks to applied informatics.

Double-Entry Bookkeeping in Early-Twentieth-Century China

2005 ◽  
Vol 79 (1) ◽  
pp. 73-96 ◽  
Author(s):  
Pak K. Auyeung ◽  
Lei Fu ◽  
Zhixiang Liu
Keyword(s):  
Twentieth Century ◽  
Accounting Information ◽  
Business Environment ◽  
Accounting System ◽  
Early Twentieth Century ◽  
Archival Documents ◽  
Double Entry ◽  
Shed Light ◽  
Salt Mining

Rare materials recently released by the Zigong City Archives shed light on the accounting system that was created by saltmining businesses in Zigong. The materials include forty-seven accounting books prepared by eight firms in the industry from 1908 to 1930. In this study, the materials are used to reveal how the Zigong salt-mining firms used the double-entry system. The study draws on the archival documents to reveal how the firms' innovative reporting methods enabled them to calculate profit and loss, and it explores the ways in which improved accounting information guided the decisions of Chinese proprietors who were operating in a business environment characterized by inadequate financing, considerable risk, and long intervals between investment and return.

Sign in / Sign up

Export Citation Format

Share Document