scholarly journals The reporting format of managerial accounting by main business processes in trading enterprises

2019 ◽  
pp. 134-144
Author(s):  
Vasyl Rudnytskyi ◽  
Olena Rudnytska
Keyword(s):  
Business Processes ◽  
Information Provision ◽  
Financial Information ◽  
Company Performance ◽  
Managerial Accounting ◽  
Economic Activities ◽  
Trading Company ◽  
Managerial Decisions ◽  
Performance Report ◽  
Accounting Reports

Introduction. Today’s increased competition and deepening process of globalization have raised the issue of information provision of managers at all levels of management, particularly accurate and timely information on financial and economic performance of enterprises. For making effective managerial decisions, managers do not only need financial information, but also non-financial information that is found in managerial accounting reports. Therefore, this is an up-to-date issue, which should be further considered. Purpose. The purpose of the study is to examine types of the reporting format of managerial accounting in foreign and national economic studies and to concentrate on managerial accounting reporting by main business processes in trading enterprises. Methods. The methods used for exploring issues relevant to preparing managerial accounting reports are based on general and specific approaches to examining economic processes, phenomena and facts, particularly those that are relative to budgetary performance of purchasing departments, transportation, storing an selling in trading enterprises. The key methods applied include the following: the monographic and graphic methods; the method of grouping and comparison of indicators; analysis of the dynamics and structure of expenses; modeling and budgeting of expenses of main processes in trading enterprises; planning steps for improving managerial reporting. Results. Budgetary performance plays an important role in managerial accounting. Therefore, separate reports by the main business processes in trading enterprises are supposed to be prepared, namely on purchasing, transportation, storing and selling. The organizational structure of trading enterprises, types and total sales volumes, and other specific features of the trading industry have a significant impact on centres of responsibility, and therefore, on types and structure of managerial accounting reporting. The process of preparing reports on budgetary performance involves determining items of expenditure specific for each department of a trading enterprise and its activity. Discussion. Further research efforts should be aimed at improving managerial accounting reports with respect to budgetary performance, particularly at developing a ‘Consolidated Record of Financial Results from Selling Goods by Direct-Cost System’. The authors argue that the format of consolidated record of financial results from selling goods can be applicable to other systems. Such a consolidated record can serve as a basis for preparing ‘The Trading Company Performance Report”. This practice should be introduced in trading enterprises in line with specific characteristics of their financial and economic activities.

scholarly journals Theoretical model of business process reengineering taking into account common service centers in the company structure

2020 ◽  
Vol 7 (4) ◽  
pp. 1-5
Author(s):  
M. Oborin ◽  
Mikhail Gorodilov ◽  
Timofei Mikriukov
Keyword(s):  
Theoretical Model ◽  
Business Process ◽  
Business Processes ◽  
Basic Research ◽  
Third Party ◽  
Economic Activities ◽  
Economic Agents ◽  
Managerial Decisions ◽  
And Performance ◽  
Analytical Services

The article is devoted to the study of the current state of business processes related to accounting and analytical services to companies, assessment of their impact on financial and economic activities and the appropriateness of delegating some functions to third-party enterprises or internal separate structures. The aim of the article is the formation of a theoretical model of the business process of a manufacturing company based on the accounting and analytical functions of service centers in order to identify their impact on improving the efficiency and performance of economic agents. The basic research methods were statistical methods, modeling of economic and production processes. The study was based on the results of the authors’ study of the indicators of the accounting (financial) statements of common service centers (CSC) in Russia, for these purposes a sample of organizations was formed according to the criteria corresponding to the CSC of large holdings. As a result, the authors revealed that the specifics of the CSC activities is that they perform secondary, servicing functions and are one of the company's cost centers. The effect of the СSC activities is to optimize the model of business processes and save technological, time and financial resources. The complexity of evaluating the centers’ activities lies in the indirect effect, which is carried out on the basis of the scientific substantiation of managerial decisions and rationalization of the powers of managerial personnel and decision-makers at each stage of the business model.

scholarly journals Analysis of Profitability of Business Segments

2020 ◽  
Vol 14 (1) ◽  
pp. 54-61
Author(s):  
L. M. Kupriyanova ◽  
O. V. Schneider
Keyword(s):  
Business Processes ◽  
Methodological Approach ◽  
Operating Conditions ◽  
Economic Activities ◽  
Strategic Development ◽  
Managerial Decisions ◽  
Negative Results ◽  
Profitability Analysis ◽  
Operational Activity ◽  
Methodological Aspects

Profitability analysis of business segments in Russian and foreign practice is an instrument of operational activity and strategic development for any company. Such analysis allows making effective managerial decisions based on its results. The subject of our scientific research was the segmentation of business and its processes to develop the main methodological aspects in the field of financial and economic activities of companies in various areas of activity. The purpose of the analysis of the profitability of business segments of economic entities in current severe operating conditions is predetermined by the timely and operational identification of ‘sick’ places of financial and economic activity. The objectives of this study are due to the importance of developing a methodological and methodological approach to identify positive and negative results of financial and economic activities through operational and geographical segmentation of the company’s business processes.

RELATIONSHIP OF ACCOUNTING AND STATISTICAL ACCOUNTING OF LOGISTIC COSTS IN THE INTEGRATED BUSINESS STRUCTURE

2021 ◽  
Vol 16 (3) ◽  
pp. 106-111
Author(s):  
Olga Gizatullina
Keyword(s):  
Supply Chains ◽  
Business Processes ◽  
Management Accounting ◽  
Added Value ◽  
Economic Activities ◽  
Legal Form ◽  
Economic Entity ◽  
Accounting Management ◽  
Supply Costs

For economic entities, business partnerships are not based on individual competition or improving individual business processes, but on improving supply chains. When making management decisions, the question arises about the performance indicators of business processes both at the level of an economic entity and at the macro level. When assessing the effectiveness of supply chains, it is necessary to assess the costs arising in the course of financial and economic activities. The logistics component has a large share in the supply costs. A full accounting of logistics costs allows you to obtain reliable information for the analysis and development of measures to reduce them, which increases the efficiency of the entire economic activity of an economic entity. The article proposes a classification of logistics costs according to the degree of added value creation and dependence on the volume of production, including the allocation of transaction costs, which make up a significant share in the overall structure of logistics costs. The classification of logistics costs should be transformed depending on the organizational and legal form of the organization and the field of activity. The system of accounting for the logistics costs of economic entities should highlight them when implementing all logistics functions; study information about the most significant logistics costs and the nature of their occurrence; study the interdependencies of logistics costs throughout the entire supply chain. The developed system allows keeping separate accounting of logistics costs on a separate account, which makes it possible to control them. In modern conditions, organizations are faced with the need to integrate various types of accounting, including accounting, management and statistical. The algorithm for the implementation of this task includes four stages: development of a methodology for the integration of accounting, management and statistical accounting; formation of management accounting policies; development of data transformation regulations; selection of software for the automation of statistical, accounting and management accounting

PROBLEMS AND PRIORITY AREAS FOR APPLYING DIGITAL TECHNOLOGIES IN RUSSIAN AGRICULTURE

2020 ◽  
Vol 10 (7) ◽  
pp. 1390-1398
Author(s):  
M A. Bryzgalina ◽  
Keyword(s):  
Mobile Communications ◽  
Business Processes ◽  
Agricultural Sector ◽  
Digital Technologies ◽  
Digital Economy ◽  
Economic Activities ◽  
Agricultural Enterprises ◽  
Livestock Breeding ◽  
Rational Version ◽  
Definition Of

This paper discusses the implementation of digital technologies in the production sector and business processes of agricultural enterprises in Russia. Implementation of digitalization into the economic entities’ business activity is necessary in order not only to increase the speed of their functioning several times, but also to open up new, broader opportunities for their development in the future. Currently, in the Russian Federation, the main leaders in the development of digital technologies are, first of all, IT companies, as well as organizations operating in the field of media, finance and insurance. The level of digitalization in the real sector of the economy is significantly lower, while the agricultural sector is in last place for this indicator. This article reflects the prerequisites for the development of the digital economy in the world, which include the automation of production technologies and business processes, as well as penetration into the social sphere of the countries of the global Internet and mobile communications. The author considered a number of interpretations of the concept of “digital economy”, of which, in her opinion, the most rational version of the definition of the term under consideration was selected. Within the framework of the study, the prerequisites for the effective implementation of innovative technologies in the economic and social spheres of enterprises’ activities were determined, and the main factors and conditions for the developing digital system of a particular country were established. In the presented work, the author identified a number of modern key problems that significantly impede the introduction of digital technologies in the production and economic activities of economic entities of Russia, especially in the field of agriculture. At the same time, quite popular and widespread advanced technologies are indicated, which are currently being successfully implemented in promising agricultural organizations of the country. With regard to the branches of agriculture in Russia, namely crop and livestock breeding, the most expedient areas for the introduction of advanced digital technologies into the business processes of agricultural enterprises are presented.

scholarly journals Managerial reporting by food production companies in Slovakia in 2017

2019 ◽  
Vol 11 (3) ◽  
pp. 71-85
Author(s):  
Renáta Pakšiová ◽  
Kornélia Lovciová
Keyword(s):  
Slovak Republic ◽  
Waste Product ◽  
Financial Information ◽  
Annual Reports ◽  
The European Union ◽  
Economic Activities ◽  
Labour Relations ◽  
Corporate Reporting ◽  
The Social ◽  
Managerial Reporting

Abstract Corporate reporting on non-financial information has been currently gaining much more interest compared to the past. Most food enterprises believe that performing responsibly and showing an interest in society and the environment will produce a profit and benefit them as well as society. Such cases, in which enterprises report on non-financial information, were the subject of this research. The study aims to discover the managerial reporting of 2017 on the social and environmental effects of food companies in Slovakia to better understand problems in this regard. 2017 was the first year when enterprises were required to draft annual reports containing non-financial information following the amendment to the Slovak law that resulted from the European Union requirements. Across the world, reporting on non-financial information is regulated by voluntary guidelines. The paper presents conclusions of a content analysis of annual food business reports in the Slovak Republic in the context of G4 (GRI) directives from social and environmental points of view as key elements in social responsibility reporting. Individual social and environmental aspects of the research are disclosed by an enterprise if the information in its annual report conforms to defined G4 activities (GRI). All the food enterprises operating in Slovakia that compiled annual reports for 2017 were included in the research. Therefore, 142 annual reports with economic activities in 26 subclasses in the food industry sector were selected. The results present a current and comprehensive (full) reporting overview of this industry in Slovakia and reveal several shortcomings in executive reporting. The analysis of the environmental information in the annual reports shows that food enterprises reporting on environmental protection mainly focus on waste, product services, wastewater, materials and energy, evidenced by information about ongoing monitoring of the environmental impacts of production. In the social category, the G4 (GRI) directive defines four main aspects: (i) labour relations and the environment, (ii) human rights, (iii) society and (iv) liability for products.

scholarly journals IPTEKS PENERAPAN DAN MANFAAT TEKNOLOGI INFORMASI TERHADAP PROSES BISNIS PERBANKAN PADA PT. BANK RAKYAT INDONESIA (PERSERO) TBK. KANTOR CABANG MANADO

2018 ◽  
Vol 2 (02) ◽  
Author(s):  
Valencia Matthew Anis ◽  
Steven J. Tangkuman
Keyword(s):  
Information Technology ◽  
Information System ◽  
Business Process ◽  
Success Factors ◽  
Business Processes ◽  
Company Performance ◽  
Business World ◽  
Business Information ◽  
Banking Business ◽  
Branch Office

The use of information technology plays an important role in the company's business processes. One of the success factors of company performance is the optimal use or application of information technology. Especially in banking business process activities, the use of information technology is one of the weapons in competition in the banking business world. In this article Bank BRI, which is one of the largest banking companies in Indonesia, also relies on information technology in the continuity of its business processes. In this article, we will discuss about the application of the Bank BRI Manado branch office’s Information Technology and its benefits in the continuity of banking business processes. In this case the BRI bank Manado branch office uses a variety of information systems in the banking business processes that will be explained in this article.Keywords : Business Processes, Information Technology, Banking business, Information System, Bank

scholarly journals Features of Modeling the Probability of Bankruptcy Using Discriminant Models with Application in Economic Forensics

2021 ◽  
Vol 2 (517) ◽  
pp. 88-93
Author(s):  
I. V. Hubanova ◽  
Keyword(s):  
Financial Economic ◽  
Point Of View ◽  
Foreign Firms ◽  
Economic Activities ◽  
Crisis Situation ◽  
Managerial Decisions ◽  
Discriminant Models ◽  
Probability Of Bankruptcy ◽  
Negative Factors ◽  
Adequate Management

The article is aimed at studying the methodologies of forecasting bankruptcy, their application in forensic economic expertise, which will allow to make managerial decisions substantiated from the point of view of financial security of an enterprise and create opportunities for stable functioning and development of the enterprise. All enterprises are affected by negative factors and may find themselves in a crisis situation. That is why the management of enterprise should apply all existing measures to prevent bankruptcy and overcome crisis situations. Any crisis situation can be corrected if you respond to crises in time and form a balanced and adequate management system. Therefore, the use of bankruptcy forecasting methodologies will allow the management of enterprise to identify in advance negative trends in its development. The article analyzed the existing discriminant models for determining the probability of bankruptcy with their application in forensic economic expertise. In modern practice of the financial-economic activities of foreign firms, to assess the probability of bankruptcy, the discriminant models of Altman, Beaver, Taffler, Tishaw and some others received the widest application. It is defined that for a more justified forecast, it is advisable to use several methods at the same time to predict the probability of insolvency (bankruptcy) of enterprise. It is proposed to use a set of models to determine the probability of bankruptcy of enterprise in solving issues of economic forensic expertise, which will significantly increase the degree of probability of the results obtained. The proposed measures can be used not only to diagnose the likelihood of bankruptcy, but also to develop anti-crisis measures.

Analysis of the Possibility to Implement the Transics System and GBOX Assist Systems in a Selected Company

2017 ◽  
pp. 303-315
Author(s):  
Remigiusz Kozlowski ◽  
Petre Iltchev ◽  
Anna Palczewska ◽  
Klaudia Pilichowska ◽  
Michał Marczak
Keyword(s):  
Data Analysis ◽  
Return On Investment ◽  
Business Processes ◽  
Management Systems ◽  
Fleet Management ◽  
Company Performance ◽  
It Infrastructure ◽  
Transport Management

The aim of this chapter is to present the implementation of a fleet management systems (FMS) in selected transport companies. Transport management systems (TMS) / FMS evolve as a result of developing novel functionalities. The greatest challenge is TMS integration within the existing IT infrastructure of the company. Calculating return on investment (ROI) based on data analysis is important to select the optimum FMS. During the implementation of an FMS, of importance is to adapt the system to the business processes and train the employees in software usage. The architecture of an FMS affects the process of its implementation. Its implementation has many benefits and greatly improves company performance, including profitability.

SIMULATION OF THE ACTIONS OF THE AGENT-CUSTOMER DURING THE PROCUREMENT PROCEDURE AS A WAY TO IMPROVE THE ORGANIZATION OF PRODUCTION AND ECONOMIC ACTIVITIES (ON THE EXAMPLE OF THE RUSSIAN RAILWAYS HOLDING)

2020 ◽  
pp. 89-101
Author(s):  
P. M. Tikhonov ◽  
◽  
I. D. Gromov ◽  
Keyword(s):  
Simulation Modeling ◽  
Business Process Management ◽  
Process Management ◽  
Business Processes ◽  
Organizational Structures ◽  
Quantitative Information ◽  
General Idea ◽  
Economic Activities ◽  
Procurement Procedure ◽  
Organization Of Production

The article presents the results of simulation modeling of the actions of the agent-customer in the procurement procedure in the framework of the development of a quantitative approach to business process management. During simulation, verification was performed and the efficiency of the developed method of actions of the agent-customer within the framework of purchasing business processes was proved. In order to verify the results and the proposed methodology, alternative calculations of the procurement process are presented. The results of simulation modeling of the purchasing process are implemented in the MatLAB application software package. Due to the decomposition of modeling actions in the procurement procedure, calculations are performed to verify all the processes under consideration and the results are shown for each stage separately. The results of variant calculations are presented in the form of quantitative and graphical information that can be used for making final management decisions, as well as for further formalization and automation of the business processes under consideration in network organizational structures. The output quantitative information does not contradict the General idea of procurement activities. Conclusions are drawn, which show the relevance of the developed methodology and model for further research of resource provision in network organizational structures when improving the organization of production and economic activities. The possibility of using the proposed methodology and model to improve production processes in the Russian Railways holding is shown.

Perspective Directions of Logistics Activities Development of Long-Distance Railway Carriers

2020 ◽  
Vol 9 (3) ◽  
pp. 10-16
Author(s):  
I. Procenko ◽  
D. Agafonov
Keyword(s):  
Government Support ◽  
Rail Transportation ◽  
Economic Activities ◽  
Long Distance ◽  
Financial Condition ◽  
Passenger Rail ◽  
Managerial Decisions ◽  
Coronavirus Infection ◽  
Antitrust Regulation

Long-distance passenger rail transportation is a socially significant sector of the transport industry. The mobility of the population in the Russian Federation depends on the effective activities of transport carriers in this segment. However, every year in the system of state antitrust regulation, we can see the growing inefficiency of managerial decisions made in relation to the formed rules of the regulatory environment. This article presents an analysis of how the existing crisis in the economy caused by the spread of coronavirus infection affected the results of long-distance railway carriers activities. Given the predicted reduction in government support and economic activity, the authors conclude that it is necessary to increase the role of logistics in the financial and economic activities of transport carriers as one of the drivers for optimizing the financial condition of enterprises in the sector.

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