scholarly journals METHODICAL SUPPORT OF ANALYSIS OF ELECTRONIC MONEY SETTLEMENTS

2020 ◽  
pp. 201-209
Author(s):  
Anna Stovpova
Keyword(s):  
Economic Analysis ◽  
Cash Flow ◽  
Financial Institutions ◽  
Risk Model ◽  
Relevant Information ◽  
Financial Assets ◽  
Investment Portfolio ◽  
Electronic Money ◽  
Financial Condition ◽  
Financial Investments

There is a tendency for the popularity of electronic money in general and their special type – cryptocurrencies. Their advantages in terms of speed and cheapness of transactions are obvious. However, adaptations also need methodological support for their analysis. The aim is to investigate the methodological support for financial and economic analysis of money settlements that can be used for electronic money, to analyse possible adjustments that need to be made to existing methodologies to account for the peculiarities of this type of money. Electronic money is not only electronic money of so-called monetary financial institutions licensed by the National Banks (MFI electronic money), but also virtual currencies. In general, electronic methods are suitable for universal methods of financial and economic analysis: horizontal analysis, vertical analysis, comparative analysis and factor analysis. The coefficient analysis can be used provided the standard coefficients are adapted to analyse the cash flow to the peculiarities of economic money. Thus, it is desirable to use the downward weighting ratio of current financial investments, which are electronic money, in the indicators of cash flow solvency (liquidity). This ratio should take into account the existing risks of owning such assets. The following features of virtual currencies are highlighted, which should be taken into account by the developed method of analysis: volatility, high risk of loss of ownership, ability to hold as an investment asset. Taking into account these peculiarities, the following economic and statistical methods and methods of mathematical modelling for electronic money are proposed and substantiated: coefficient of variation, integral risk model, Markowitz model for optimization of investment portfolio based on Sharpe coefficient. The proposed approaches to the economic analysis of electronic money settlements will allow to estimate reliably the financial condition of the enterprises possessing electronic money, to provide management of relevant information for making management decisions on the use of electronic money, including virtual currencies, to assess the investment attractiveness of asset placement in the form of asset and financial assets. assess the existing risks of owning them.

ECONOMIC ANALYSIS OF TRAVEL COMPANIES CASH FLOW

2019 ◽  
Author(s):  
Valentine Tarasova ◽  
Iryna Kovalevska
Keyword(s):  
Economic Analysis ◽  
Cash Flow

THE IMPORTANCE OF TAXATION SUPERVISION IN THE OPERATION OF ENTERPRISES

2021 ◽  
Vol 4 (4) ◽  
pp. 89-95
Author(s):  
YAN MIN TSZE ◽  
Keyword(s):  
Economic Analysis ◽  
Cash Flow ◽  
Financial Management ◽  
Management System ◽  
Regulatory Framework ◽  
Inventory Analysis ◽  
Arithmetic Operations ◽  
Financial Management System ◽  
The Cost

This article of the topic is due to the fact that accounting for the cost and financial management system of the enterprise is currently of particular importance and is carried out in a strict manner. When conducting accounting, the following procedures are used: search for compliance of the company's data on accounting and the regulatory framework; study of documentation; finding and forming errors during the audit. Such meth-ods are solved by the rules: evaluation of arithmetic operations; monitoring of inventory; analysis of cash flow in the enterprise; notification of certain persons about the completed economic and accounting operations; interviewing employees orally; assessment of cash flow according to documents; implementation of economic analysis aimed at studying the movement of funds of the enterprise.

scholarly journals Risk-return analysis of the investment portfolio of two stocks, under the Markowitz model. Case study: Two multinational companies listed on the Mexican Stock Exchange

2020 ◽  
pp. 21-27
Author(s):  
María Trinidad ALVAREZ-MEDINA
Keyword(s):  
Stock Exchange ◽  
Industrial Sector ◽  
Financial Assets ◽  
Investment Portfolio ◽  
Model Case ◽  
Risk Return ◽  
Economic Entity ◽  
Food And Beverage ◽  
And Performance

Investment in productive and financial assets are a decision made as an alternative to direct resources to bring greater value and higher performance to an economic entity. The objective of this article is to analyze the return risk of the stocks of two companies listed on the Mexican Stock Exchange (BMV), presenting the case of the companies Grupo Bimbo, SAB de CV, and GRUMA, SAB de CV, both companies listed on the Mexican Stock Exchange, belonging to the industrial sector specifically the food and beverage sub-sector, being the most representative companies of this sector. The return on the portfolio is 0.27256% and the risk is 0.0121862, with an investment of 50% in each of them. The period analyzed was from 2015 to 2018. It is important to base decision-making by considering the risk analysis and performance of financial assets in where you wish to invest, in addition to relying on other analyzes such as fundamental and technical analysis, among others.

scholarly journals Who is the ultimate master of contractual, regulatory, discretionary and residual cash flows? An answer from the standpoint of corporate governance

2008 ◽  
Vol 6 (1-4) ◽  
pp. 424-432 ◽  
Author(s):  
Rodolfo Apreda
Keyword(s):  
Corporate Governance ◽  
Cash Flow ◽  
Building Block ◽  
Flow Model ◽  
Building Blocks ◽  
Cash Flows ◽  
Senior Management ◽  
Investment Portfolio ◽  
Decision Rights ◽  
Rules Of The Game

This paper sets forth a framework of analysis that links contractual, discretionary, regulatory and residual cash flows with decision rights over them. To attain this purpose, firstly we introduce the standard incremental cash flow model, underlying its main limitations. Secondly, we move on bringing to light cash flows to senior management and directors, as well as the so-often neglected investment portfolio. Next, we settle down to what we are going to call the compact cash flow model that comprises five building blocks, namely those arising out of assets, those addressed to owners, creditors, managers and directors, and lastly the company’s investment portfolio. Afterwards, contractual, discretionary, regulatory and residual cash flows are enlarged upon. Last of all, we focus on decision rights over every constituent of each building block. This issue carries weight in Corporate Governance since stakeholders who claim or exercise decision rights, also could trespass on the rules of the game, becoming better off to the expense and damage of other stakeholders.

LATEST TRENDS AT FINANCIAL MARKETS: EXCHANGES BECOMES VIRTUAL FINANCIAL INSTITUTIONS

2006 ◽  
Vol 12 (1) ◽  
pp. 89-100
Author(s):  
Zdravko Bazdan
Keyword(s):  
Economic Growth ◽  
Financial Markets ◽  
Cash Flow ◽  
Financial Institutions ◽  
International Economics ◽  
Cultural Development ◽  
Electronic Trading ◽  
Stock Trading ◽  
Business Operations ◽  
National Economies

Exchanges are, by all means, the most important factors for economic growth. Many prominent ones are pillars of international economics. In national economies, they reflects not only economic, but political, social and cultural development. Cash flow is directed towards these segments of financijal markets. As oil is the blood of an economy, so is an exchange: an ingredient in the mixture of money, row materials and business operations. Also, we can state that the exchanges are the pulse of the economy of a nation. The author of the essay underlines primarily the development of stock trading. It is obvious in todays environment, that the new tendencies are towards electronic trading, which is the replacement of classical trading models. So called virtual trading today, makes exchanges virtual financial institutions.

Spreading Use of Digital Cash

2011 ◽  
pp. 1041-1045
Author(s):  
Yutakai Kurihara
Keyword(s):  
Information Technology ◽  
Monetary Policy ◽  
Social Structure ◽  
Financial Institutions ◽  
Economic Activity ◽  
Electronic Money ◽  
Academic Field ◽  
Theoretical Perspectives ◽  
Digital Money ◽  
Communication And Information Technology

Approximately 10 years have passed since the words such as digital cash, digital money, electronic money, and e-cash have been introduced. Progress has increased rapidly in the fields of communication and information technology (IT) and in the field of digital cash; its use and transaction volume have been increasing. However, little analysis has been done about this phenomenon especially from the academic field. The continued increase in its use is inevitable, and it is important to investigate its influence and problems from both practical and theoretical perspectives. The spread of the use of digital cash impacts economic activity and social structure. This article considers both the merits and the problems of digital cash in the modern economy. This article analyzes characteristics of relationships between digital money, financial institutions, and financial authorities; considers the relation between digital cash and financial institutions; and analyzes the relation between digital cash and monetary policy authorities.

Credit risk assessment using purchase order information

2018 ◽  
Vol 05 (04) ◽  
pp. 1850041
Author(s):  
Suguru Yamanaka
Keyword(s):  
Risk Assessment ◽  
Credit Risk ◽  
Financial Institutions ◽  
High Frequency ◽  
Risk Model ◽  
Financial Statements ◽  
Order Information ◽  
Purchase Order ◽  
Credit Risk Assessment ◽  
Business Conditions

This paper proposes advanced credit risk assessment and lending operations using purchase order information from borrower firms. Purchase order information from a borrower firm is useful for financial institutions to evaluate the actual business conditions of the firm. This paper shows the application of purchase order information to lending operations and credit risk assessment, and reveals its effectiveness. First, we propose a “purchase order based” credit risk model for real-time credit risk monitoring of firms. Financial institutions can monitor the actual business conditions of borrower firms by evaluating the firm’s asset value using purchase order information. A combination of traditional firm monitoring using financial statements and high-frequency monitoring using purchase order information enables financial institutions to assess the business conditions of borrower firms more precisely and efficiently. Then, with high-frequency data, financial institutions can give borrower firms appropriate support if necessary on a timely basis. Second, we illustrate purchase order financing, which is the lending method backed by purchase order information from borrowers. With purchase order financing, firms that consistently receive purchase orders from credit-worthy firms can borrow money under more favorable lending terms than the usual lending terms based on the financial statements of the borrower firm.

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