scholarly journals Analysis of the financial status as effective instrument for controlling the future development of the enterprise

2019 ◽  
pp. 28-34
Author(s):  
Oksana Lisnichuk ◽  
Shpakovska Olga
Keyword(s):  
Financial Analysis ◽  
Enterprise Development ◽  
Financial Status ◽  
Scientific Methods ◽  
Information Base ◽  
Financial Condition ◽  
General Scientific ◽  
Effective Instrument ◽  
The Stability ◽  
The Right

Introduction. The efficiency of the enterprise is determined by the stability of its financial condition. In the process of financial analysis, an information base is formed on the basis of which managers are able to make the right management decisions. Purpose. The purpose of the study is to highlight the main approaches to the analysis of the financial condition of the enterprise, to determine the directions of improving the efficiency of financial and economic activity of the enterprise. Method (methodology). The methodological basis of the research is the general scientific methods - the method of generalization, comparison and description, methods of systematization of data to determine the directions of increasing the efficiency of enterprise development. Results. In the course of the research, the concept of financial state of the enterprise are defined. The main purpose and tasks of the analysis of the financial state of the enterprise are considered. The basic directions of use of the information base for carrying out the diagnostics of financial condition are analysed. It is recommended to use anti-crisis measures to overcome the financial crisis in the enterprise.

Modernizing the lending facility under concession agreements

2020 ◽  
Vol 26 (7) ◽  
pp. 1590-1609
Author(s):  
V.A. Rakhaev
Keyword(s):  
Financial Structure ◽  
Bank Lending ◽  
Early Termination ◽  
Scientific Methods ◽  
Financial Condition ◽  
Revenue Collection ◽  
Analysis And Synthesis ◽  
Financing Mechanism ◽  
General Scientific ◽  
The Russian Federation

Subject. The article addresses modernization of lending facilities under concession agreements. It is important for evaluating the terms of credit transactions, effectiveness of credit projects, and the concessionaire's ability to repay the loan. Objectives. The purpose is to review the current financing mechanism and underpin approaches to improving the credit facilities within concession agreements. Methods. The study rests on general scientific methods, like the systems and logical analysis and synthesis, principles of induction and deduction, financial calculation techniques. The analytical part employs the balance method, methods of financial coefficients and the method of technical and economic estimates. Results. I analyzed the financial structure and special characteristics of concession agreements, parameters of concessionaires’ activities; considered the types of risks inherent in bank lending under concession agreements, methods for their identification and mitigation; offered a mechanism of lending, including the structure of credit transactions, restrictions for the financial condition of concessionaires, additional requirements and penalties for their non-fulfillment. The findings can help banks define lending parameters for concession agreements. The provided recommendations may be useful for consideration by the authorities of the constituent entities of the Russian Federation. Conclusions. It is possible to reduce the risks of lending under concession contracts, if their terms and conditions are stable, and if the lost income of concessionaires is compensated in the event of early termination. Reasonable tariffs for works and services and increased revenue collection will promote this type of lending.

scholarly journals The role and significance of diagnostics of the financial state of the enterprise in modern condition

2020 ◽  
pp. 5-8
Author(s):  
Tetiana PIZNIAK ◽  
Diana KHOMIAK
Keyword(s):  
Financial Analysis ◽  
Negative Impact ◽  
Enterprise Management ◽  
Analysis And Evaluation ◽  
Financial Condition ◽  
Financial Difficulties ◽  
Rational Diagnosis ◽  
Definition Of ◽  
The Right ◽  
Theoretical Foundations

Introduction. Achieving the key goals of the business object is possible through timely and rational diagnosis of the financial condition of the enterprise. To date, the company's management faces many questions to assess the financial condition. Therefore, the definition of the essence, the description of the factors of formation and the definition of ways to increase the financial result of the enterprise is one of the relevant areas of research. The purpose of the paper is to determine the theoretical foundations and practical approaches to the analysis and evaluation of the enterprise. Results. The mechanism of financial diagnostics of development and safe activity should be built in such a way that the negative impact of different types of destructive factors can be detected and quickly eliminated through regularity and verification. Assessment of a set of indicators makes it possible to identify factors that directly affect the financial condition of the enterprise and timely make the necessary management decisions to improve it. Diagnosing the financial condition and sustainability of the enterprise includes two main stages: rapid diagnosis and fundamental diagnosis. stages of the capital cycle, because financial difficulties can arise in any of them. Considering the system of factors influencing the financial condition of the enterprise, we can say that the greatest attention in the process of its management should be paid to the factors of internal influence, because these are the elements an entity can manage. Conclusion. To carry out successful activities in modern conditions of development, it is important to maintain an effective process of enterprise management, which consists in finding and making the most effective decisions and, accordingly, practical justification. Therefore, we can conclude that for a successful financial analysis of the enterprise, the right method and indicators must be chosen that can better describe the essence of the financial condition of the enterprise.

scholarly journals Analysis of financial indicators used to assess the sustainability of companies

2020 ◽  
Vol 208 ◽  
pp. 03049
Author(s):  
Temirkhan Mukhambetov ◽  
Farida Yerdavletova ◽  
Karlygash Kurbanova ◽  
Zhanar Mukhametzhanova ◽  
Kamilla Sadvakassova
Keyword(s):  
Comparative Analysis ◽  
Financial Stability ◽  
Analytical Approach ◽  
Expert Assessment ◽  
Financial Indicators ◽  
Large Share ◽  
Scientific Methods ◽  
General Scientific ◽  
The Stability

The authors present a methodology for using financial indicators to assess the value of companies. The article is dedicated to a comprehensive research of EBITDA. As a research objective, the authors identified an attempt to solve the problem of companies’comparability with identical proportions of financial results, the possibility of identifying the most financially stable companies. Based on the analysis of various interpretations, applying of this indicator in different directions is considered. As a component of various coefficients that characterize the company’s financial stability, it’s recommended to use the EBITDA indicator. The behooves and opportunities that open up when using it are revealed. The research shows to the need to apply this indicator, because this coefficient is able to more fully reveal the stability of the company, by increasing the amount of real profit, the amount of which is limited due to the presence of a large share of non-cash expenses in companies. In the process of research, such general scientific methods as monitoring, comparison, description, systematic and analytical approach, comparative analysis, scientific abstraction, expert assessment, analysis of reasons and consequences were used.

scholarly journals INTERNATIONAL EXPERIENCE OF ASSESSMENT OF CREDIT CAPACITY OF BORROWERS BY COMMERCIAL BANKS

2021 ◽  
Author(s):  
Natalia Ostrovska
Keyword(s):  
Commercial Banks ◽  
System Analysis ◽  
Bank Lending ◽  
Management Skills ◽  
Loan Portfolio ◽  
Scientific Methods ◽  
Financial Condition ◽  
Credit Risks ◽  
Scientific Principles ◽  
General Scientific

The country's economy is still in a state where its development is hampered by the lack of clearly defined, priority programs to stimulate entrepreneurship and industries, including through credit. Bank lending to businesses is an effective way out of the crisis. The strengthening of the role of credit relations as a means of stimulating the development of production is manifested in various aspects. The purpose of the article is to analyze and assess the creditworthiness of borrowers by commercial banks in the international space and the possibility of their introduction into the mechanism of bank lending, which is based on world practice. The study uses the fundamental provisions of economic theory, credit theory, banking, as well as studies of domestic and foreign scholars. General scientific principles of conducting complex scientific researches were used to solve the set tasks. In the process of research a number of general scientific methods were used, in particular: analogies, logical generalization and system analysis. Based on the identified problems, foreign experience was studied, on the basis of which the prospects for improving the assessment of creditworthiness of borrowers by commercial banks in Ukraine were identified. Based on studies of various methods of assessing creditworthiness, set out in the economic literature and used in banking practice, the author proposes an improved method of assessing the creditworthiness of a legal entity, which includes analysis of both quantitative and qualitative indicators of the borrower (financial condition, collateral, credit history, management skills). the borrower's ability to repay the loan). This method contains a sufficient, in the author's opinion, a set of indicators that will allow you to make decisions on the loan agreement and minimize credit risks. To reduce the risks of the loan portfolio, measures should be applied both at the level of risk management of the loan portfolio as a whole and at the level of the specific borrower.

scholarly journals FINANCIAL PLANNING OF IMPORT OPERATIONS IN PE "ART-ENERGO"

2021 ◽  
Vol 5 (2) ◽  
pp. 61-71
Author(s):  
Zoriana Dvulit ◽  
◽  
Natalia Petryshyn ◽  
T. Kharchuk ◽  
◽  
...  
Keyword(s):  
Financial Planning ◽  
Evaluation System ◽  
Supplier Evaluation ◽  
Scientific Methods ◽  
Trading Company ◽  
Current State ◽  
Accounts Payable ◽  
General Scientific ◽  
The Stability ◽  
The Impact

Purpose. The purpose of the study is to formulate a proposal to improve the technology of planning the supply of goods as part of the financial planning of import operations of PE "Art-Energo" in accordance with the problems identified during the analysis of the enterprise. Among the objectives of the study are: - consideration of the current state and features of the functioning of the system of financial planning of import operations at the enterprise during the analysis of its activities; - identification of the most urgent problem that arises in the supply of goods within the financial planning of import operations of the enterprise; - formation of a proposal to solve the identified problem of financial planning of import operations and justification of its feasibility. Design/methodology/approach. To achieve the goals, special and general scientific methods were used, including: graphic method was used to visualize the cycle of financial planning of imports of PE "Art-Energo"; expert method was used to determine the weight of the criteria for evaluating suppliers in the system of financial planning of import operations of PE "Art-Energo"; comparison was used to justify the most favorable terms of cooperation and to select the best contractors; systematization was used for calculations of liquidity indicators; generalization was used to develop recommendations for working with partners by category in the system of financial planning of import operations of PE "Art-Energo". Findings. In the article is shown that the conditions of cooperation with foreign counterparties directly affect not only the competitiveness of the enterprise, but also the financial performance of its activities. It was found that non-parity terms of cooperation with suppliers can be one of the causes of cash gaps, which in turn leads to the inability of the company to repay its obligations on time and, consequently, to insolvency. It is established that the maneuverability of working capital is significantly reduced with the full advance of products, which is the main condition for cooperation of suppliers with PE "Art-Energo", so there is a need to transform the payment system. In order to increase the efficiency of the technology of planning the supply of goods as part of the financial planning of import operations, it is proposed to introduce a system of supplier evaluation in the activities of the enterprise. The hypothesis of a positive relationship between the introduction of supplier evaluation system as a tool of improvement the financial planning of import operations of PE "Art-Energo" and the growth of the company's ability to pay current liabilities, including timely payments on accounts payable due to operating cash flow is proven. Practical implications. The introduction of a supplier evaluation system based on the evaluation of estimation according to the relevant criteria and the classification of partners by category will help ensure transparency of the contractor selection mechanism, eliminating subjective preferences, thereby minimizing the impact of the human factor. That is why such a way to improve the technology of planning the supply of goods can find practical application not only in the case of PE "Art-Energo", but also for any other trading company. Originality/value. In the article, the authors suggest the use of a supplier evaluation system based on the results of the audit and the assignment of the rating to the contractors, that allow to identify their weaknesses and clearly formulate the tasks that need to be solved by the supplier in order to effectively cooperate with PE "Art-Energo". Eliminating the actual shortcomings of the supply system and the introduction of supplier evaluation system helps the company to reduce costs, risks, increase the quality of goods and ensure the stability of work.

scholarly journals Restriction of the property rights

2021 ◽  
Vol 7 (Extra-A) ◽  
pp. 293-303
Author(s):  
Yury Alexandrovic Svirin ◽  
Vladimir Aleksandrovich Gureev ◽  
Alexandr Anatolievich Mokhov ◽  
Eduard Eduardovich Artyukhov ◽  
Igor Mikhaylovich Divin
Keyword(s):  
Theoretical Analysis ◽  
Historical Perspective ◽  
Theory Of Knowledge ◽  
Modern World ◽  
Legal Analysis ◽  
Scientific Methods ◽  
Special Scientific ◽  
General Scientific ◽  
The Difference ◽  
The Right

The authors examine the emergence of the institution of restrictions on the right to property from a historical perspective and also justify the need to introduce a mechanism of restrictions on the right in the modern world. The disclosure of the topic was carried out from the standpoint of general scientific, the method of theoretical analysis, and special scientific methods (comparative jurisprudence, technical and legal analysis, concretization, interpretation). The methodological basis of the study was the method of the theory of knowledge. The necessity of developing a mechanism for limiting the absolute right of ownership was justified, the difference between the restriction and encumbrance of the right of ownership was proved, and the place of the easement in the system of restriction on the right was investigated.  

Agricultural holdings and farms: The right to development

2020 ◽  
Vol 19 (4) ◽  
pp. 650-662
Author(s):  
V.I. Denisov ◽  
I.M. Potravnyi
Keyword(s):  
Large Scale ◽  
Administrative Support ◽  
Current Level ◽  
Environmental Preservation ◽  
Scientific Methods ◽  
Right To Development ◽  
General Scientific ◽  
Growing Economy ◽  
The Right ◽  
Development Prospects

Subject. We consider development prospects for agricultural organizations of different categories. Objectives. The aim is to conduct a multifaceted study of positive and negative aspects of the production activities of agricultural holdings and farms, assessed by their contribution to the economic and social development of Russia. Methods. We employ general scientific methods of research. Results. The paper emphasizes high competitive performance of agricultural holdings, which displace farms from the market. This is mainly due to the administrative support to large corporate structures by regional and federal governments. We show that in the event of redistribution of available public funds to agriculture and increased assistance for farmers, the latter will be at a much higher level of economic efficiency of production vs. the current level. At the same time, the main advantage of small farms over agroholdings, i.e. the predominance of their environmental preservation-style of economy, will remain. Conclusions. The growing economy of farms and their interest in higher output will assist in restoration of agricultural lands that are now abandoned. It is likely that in the future, farms will outpace agricultural holdings in their development and become leading large-scale producers of agricultural goods.

scholarly journals Sole will and joint will of spouses: a comparative approach (permissible aspect)

2021 ◽  
Vol 118 ◽  
pp. 04018
Author(s):  
Ruslan Mikhailovich Ushakov ◽  
Vladimir Nikolaevich Gavrilov
Keyword(s):  
Comparative Approach ◽  
Scientific Methods ◽  
Legal Structure ◽  
Legal Method ◽  
Technical Aids ◽  
Bona Fide ◽  
Legitimate Interests ◽  
General Scientific ◽  
The Subject ◽  
The Right

The research is aimed at structuring doctrinal developments on the stated topic, comparing them with the related Russian and foreign practices and formulating their own scientific position. The subject of the research is the legal relationship arising in connection with a) the right to make a sole will and b) the determination by the spouses subject to the joint will of the corresponding rights and obligations for a heir. In the course of the study, the dialectical method, general scientific methods of analysis, synthesis, analogy as well as the systemic method were used; special legal methods were used, in particular, the comparative approach. The problem of civil law regulation of the institution of will, and in particular of the joint will of spouses, with the comparative legal method was analysed. As a result, the authors, on the basis of an analysis of the current domestic and foreign civil legislation, have developed ways to solve the identified problems by making appropriate changes to the civil legislation. In particular, the concept of a classic will has been formulated and substantiated. It was established that the mandatory provision concerning the loss of effect of a joint will in the event of a marriage being declared invalid after the death of one of the spouses violates the legitimate interests of a bona fide spouse, and therefore it was proposed to supplement the civil legislation with provisions that would allow the court to keep such a will in force. It has been substantiated that the Russian legislator needs to supplement the legal structure of the institution under research by allowing to draw up a joint will of spouses in extraordinary circumstances. The novelty of the research lies in the proposal to amend the articles of the current civil legislation in order to secure the possibility of making a sole will with electronic or any other technical aids.

scholarly journals Organisational foundations of functioning of the Right-Bank Ukraine orthodox brotherhoods from the 1850s to 1900s

2021 ◽  
Vol 12 (2) ◽  
pp. 242-250
Author(s):  
Andrii Smyrnov ◽  
Oksana Aloshyna ◽  
Zhanna Yankovska ◽  
Mykola Blyzniak ◽  
Volodymyr Marchuk
Keyword(s):  
20Th Century ◽  
Russian Empire ◽  
Political Life ◽  
Scientific Methods ◽  
Course Of Action ◽  
General Scientific ◽  
The Russian Empire ◽  
The Right ◽  
The 19Th Century ◽  
The Church

Aim. This research aims to reveal the peculiarities of standardization and organizational principles behind the functioning of Orthodox brotherhoods on the territory of Right-Bank Ukraine from the 1850s to the 1900s. Methods. Methodologically, the authors of the work rely on the principles of novelty, objectivity, and historicism and employ general scientific methods (internal criticism of the sources, analysis, synthesis, generalization). Results. The study revealed that during the second half of the 19th century, the activity of Orthodox brotherhoods on the territories controlled by the Russian Empire was regulated by the law “Basic Rules for the Establishment of the Orthodox Church Brotherhoods” which regulated the prioritized tasks, membership and main vectors of their work. At the beginning of the 20th century, some changes occurred in the social-political life of the Russian Empire, which also affected the position of the Orthodox brotherhoods of Right-Bank Ukraine. Conclusion. The church authorities devoted considerable efforts to revitalizing and restoring the activity of the Orthodox brotherhoods at the beginning of the 20th century. In order to find new solutions to the situation, they discussed the further functioning of the fraternities at the congresses in which participated the representatives of the Orthodox brotherhoods of the western provinces of the Russian Empire. Thus, the church management controlled brotherhoods and channelled them into the required course of action.

scholarly journals Threats to human rights in a globalized world

2020 ◽  
Vol 10 (39) ◽  
pp. 5-19
Author(s):  
Vira I. Tymoshenko ◽  
Sergiy I. Maksymov ◽  
Larysa O. Makarenko ◽  
Оlena S. Kravchenko ◽  
Sergiy S. Kravchenko
Keyword(s):  
Human Rights ◽  
Social Life ◽  
Research Process ◽  
Negative Consequences ◽  
Personal Integrity ◽  
Scientific Methods ◽  
Special Scientific ◽  
General Scientific ◽  
The Right ◽  
Globalized World

The purpose of the article is to investigate the human rights threats associated with globalization, to identify the consequences of the transformation of human rights under the influence of globalization and to prevent them. The following issues were considered to achieve the research objectives: the essence of globalization, its positive and negative consequences were determined; the existing threats to human rights were identified; the main factors of crime in the age of globalization are described; crime is considered as a form of violation of human rights. The system of philosophical, general-scientific and special-scientific methods was applied to obtain reliable results, in particular: formal-logical, systemic, structural-functional, formal-legal methods and the method of comparison. The following statements have been established in the research process: сertain democratic values, including rights and freedoms, can be used as a means of geopolitical influence under the influence of globalization processes; such negative phenomena as extremism, terrorism, poverty are the causes of human rights violations; criminal threats cannot be considered outside the context of globalizing and humanitarian processes in a globalizing society; crime is one of the factors that affects social life and violates human rights, especially the right to life, liberty and personal integrity.

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