scholarly journals Formation of the enterprise financial resources management conceptual model in the process of foreign economic activity implementation

2021 ◽  
pp. 9-12
Author(s):  
Mariana BORTNIKOVA ◽  
Yuliia CHYRKOVA
Keyword(s):  
Strategic Management ◽  
Conceptual Model ◽  
Economic Activity ◽  
Financial Stability ◽  
Information Support ◽  
Financial Resources ◽  
Management Decision ◽  
Financial Flows ◽  
Resources Management ◽  
Business Entities

Introduction. While carrying out production, economic and foreign economic activities, domestic enterprises face important issues of ensuring their financial stability and effective management of the financial resources’ formation, distribution and use process. The purpose of the paper is to build a conceptual model for managing the financial resources of an enterprise in the implementation of foreign economic activity, which will allow for high-quality diagnostics of financial resources at the stages of their formation, distribution and use. Results. The influence of globalization processes on the functioning of domestic business entities provides for a periodic renewal of the mechanism and model for financial resources management. The main constituent elements of the model for managing the enterprise financial resources are characterized, namely: the aim and main objectives; subjects of financial resources management; technology of financial resources strategic management at the enterprise; factors of influence on the management processes and the system of ensuring the financial resources management of the enterprise in the implementation of foreign economic activity. The technology of the company's financial resources strategic management has been developed. A conceptual model for managing the financial resources of an enterprise in the implementation of foreign economic activity has been formed, which considers organizational, functional and information support. Conclusion. The application of the financial resource management conceptual model in the practical activities of enterprises will ensure the achievement of the goals and objectives of the enterprise, contribute to the improvement of its financial condition and the movement of financial flows, as well as allow alternative management decision-making on the formation and implementation of the strategy for managing the financial resources of the enterprise in the conditions of new foreign markets development.

Competitive advantages in development of agricultural enterprises’ foreign economic activity

2021 ◽  
pp. 55-60
Author(s):  
Lesya I. Halas
Keyword(s):  
Strategic Management ◽  
Economic Activity ◽  
International Market ◽  
Foreign Market ◽  
World Market ◽  
Information Support ◽  
Enterprise Management ◽  
Necessary Condition ◽  
Agricultural Enterprises

A necessary condition for a market economy is the existence of a competitive environment between economic entities, especially when agricultural enterprises enter foreign market. This problem is clear because the foreign economic activity of enterprises provides them with a competitive advantage allowing enterprises to enter a competitive market and occupy their positions in the world market of goods and services. The choice of strategies for a particular enterprise in the field of foreign economic activity is a long-term process that involves the choice of strategies from possible behaviors and coordination of actions of all structural units. Unfortunately, the loss of agricultural enterprises is one of the negative factors preventing them from performing management tasks related to the implementation of the chosen competitive strategy. In this case, the company may not focus on any strategy at all, and will not solve operational problems related to the economic efficiency of economic activity. In general, the essence of strategic management of enterprises engaged in foreign economic activity is to form a concept of benefits and prospects that can bring the international market and its actions. When implementing the company's strategic management in the international market, it is inevitable to avoid assessing short-term, medium-term and long-term risks and prospects. The competitiveness of agricultural enterprises should be based on the following aspects: improving the quality of enterprise management, development and compliance with standards of strategic competitiveness of agriculture and food; formulation of proposals for the formation of various strategies for enterprises; improvement of innovative organizations, introduction of information technology, and the presence of merchants in the commodity market provides information support; improves the organizational and technical level of support for agriculture; develops logistics and marketing systems.

ACCOUNTING AND ANALYTICAL INSTRUMENTS OF DEBT SETTLEMENT MANAGEMENT

2018 ◽  
Author(s):  
Oleksandr Kostenko ◽  
◽  
Alla Savchenko ◽  
Maryna Skoryk ◽  
◽  
...  
Keyword(s):  
Economic Activity ◽  
Financial Stability ◽  
Tax Base ◽  
Analytical Instruments ◽  
Accounts Payable ◽  
Strategic Goals ◽  
Methodological Approaches ◽  
Business Entities ◽  
Analytical Tools ◽  
Normal Feature

The article states that the economic activity of any enterprise is almost impossible without the occurrence of receivables, because between business entities there are constantly different conditions for buying or selling products, goods, works and services. Scientific and methodological approaches to the management of receivables and payables are studied. Accounting and analytical tools to increase its efficiency are substantiated. It is proved that the occurrence of receivables and payables is a normal feature of the economic activity of the enterprise, and every business entity is interested in optimizing its volume. Settlements with debtors and creditors are related to inflows and outflows. The organization of accounting, analysis and effective management of settlements with debtors and creditors is of strategic importance to businesses and the results of this process affect the financial stability, tax base of the enterprise, the formation of income and expenses and, consequently, to achieve strategic goals its development in market conditions and ensuring competitiveness, profitability of economic activity. Attention is focused on the fact that the excess of accounts payable poses a threat of large debts of the enterprise and, as a result, loss of solvency. At the same time, timely identify inadmissible types of receivables and payables, which, first of all, include overdue debts to suppliers, overdue debts to customers for more than three months, overdue debts on wages and payments to the budget, extrabudgetary funds. A critical analysis of the views of individual scholars was conducted and it was noted that the existing classifications of debt are incomplete and cover only one feature.

scholarly journals OPTIMIZATION OF RESOURCE POTENTIAL OF THE ENTERPRISE ON THE BASIS OF ANALYSIS OF THE STRUCTURE OF FINANCIAL RESOURCES

2021 ◽  
Vol 6 (2) ◽  
pp. 7-11
Author(s):  
Oleksandr Gerasimchuk
Keyword(s):  
Economic Activity ◽  
Average Cost ◽  
Financial Stability ◽  
Cost Of Capital ◽  
Weighted Average ◽  
Financial Resources ◽  
Scientific Article ◽  
Resource Potential ◽  
Macroeconomic Factors ◽  
Strategy Of Development

The subject of research of the scientific article is the optimization of the resource potential of the enterprise based on the analysis of the structure of financial resources. The methodological basis of the study were the provisions of modern economic theory, financial statements of the studied enterprise and scientific works of scientists. The purpose of the study is to analyze the optimization of the components of the resource potential of the enterprise. In the course of the research the estimation of optimization of structure of financial resources of the enterprise on the basis of the multicriteria approach was carried out. It is determined that the total amount of financial resources that is necessary for the researched enterprise – sources of financing is 150 000 thousand UAH. Based on the results of calculations of the cost of borrowed capital, taking into account the tax corrector, the weighted average cost of capital was calculated for all 10 alternatives. Given that the company is interested in obtaining a certain amount of financial resources at the lowest weighted average interest rate in the presented models, the best alternatives are 1 and 10 where the weighted average cost of capital is 15.51%. It is concluded that under the terms of the settlement agreement a significant increase in the profitable part of the researched enterprise is planned, taking into account the possibilities in the future, and first of all taking into account the real, for today, state of financial and economic activity of the enterprise. Therefore, the company needs to use a comprehensive approach to managing its financial resources. In the conditions of transformation of market relations forecasting and substantiation of strategy of development of financial and economic activity of the organization taking into account an estimation of dynamics of a market conjuncture and influence of macroeconomic factors of maintenance of conformity of volume and structure of own and involved financial resources (capital). Resources in the process of operational, investment, financial activities of the organization to achieve optimal structure and value of own and borrowed resources from the standpoint of impact on the financial condition of the enterprise and ensure its financial stability, liquidity, solvency minimization of financial resources.

scholarly journals MANAGEMENT OF FINANCIAL RESOURCES AND THEIR IMPACT ON ENTERPRISE DEVELOPMENT

2021 ◽  
Author(s):  
Larysa Poliatykina
Keyword(s):  
Agricultural Sector ◽  
State Level ◽  
Business Environment ◽  
The State ◽  
Information Support ◽  
Financial Resources ◽  
Effective Management ◽  
Economic Activities ◽  
Progressive Development ◽  
Business Entities

The article is devoted to the issues of efficiency of functioning and development of the enterprise, which directly depend on how rationally the enterprise manages its financial resources. Based on the data of the surveyed enterprises, the results of the analysis of economic activity of business entities were conducted and presented. The issue of the need to develop and implement an effective financial resources management system is considered. Attention is paid to the issues of rational organization of accounting and analytical support of financial and economic activities of economic entities. Proposals for ensuring the progressive development of the agricultural sector of the national economy, increasing its competitiveness are substantiated. The main problems of forming a balanced economic policy of the state, effective management of taxation of producers and their support are identified. In the process of financial and economic activities, each company enters into certain economic relationships with other businesses. If the company has a high level of unjustified accounts payable, it will not be able to get a loan. The company's activities should be focused on the timely repayment of its obligations in order to avoid undesirable situations in accounting and taxation. Market conditions require the introduction of factors that have a direct impact on management efficiency. The solution of this problem is facilitated by the rationalization of information support. The issue of increasing the volume and types of information that determines the system of socio-economic relations is considered. This issue of financial relations is resolved at the state level and at the level of economic entities. In a business entity, reporting must be mutually consistent and interconnected. Therefore, reporting forms that reflect individual aspects of the entity's operations may be reliable and of good quality, provided that the entire reporting system is of good quality and objective. In today's business environment, accounting is a huge array of information and includes a large number of areas of specialization. While it is conducted with tracking and recording of financial transactions. The audit performs the role of checking the accuracy of accounts. All these levers contribute to the effective management of financial resources of the enterprise.

scholarly journals INFORMATION TECHNOLOGIES OF THE ENTERPRISE FINANCIAL STABILITY ASSESSMENT

2017 ◽  
pp. 156-161
Author(s):  
Vitaliy Lazorenko
Keyword(s):  
Financial Stability ◽  
Information Technologies ◽  
Management Policy ◽  
Financial Resources ◽  
Financial Sustainability ◽  
Stability Assessment ◽  
Resources Management ◽  
Software Products ◽  
Current Economic Situation ◽  
The Competitiveness Of Enterprises

The article investigates modern information technologies and analyzes software products to assess the financial sustainability of the enterprise. To study the current economic situation, there are numerous developments in the analysis and forecast of insolvent enterprises, which makes it possible to identify doubts about continued operations of enterprises, that is, to identify and assess signs of bankruptcy probability, insolvent enterprises. Solving the tasks of establishing a company's financial sustainability requires developing its own financial resources management policy. Therefore, the issue of preventing bankruptcy and ensuring a stable financial state as a prerequisite for increasing the competitiveness of enterprises is becoming actual. Considerable attention to the issue of assessing the financial sustainability of an enterprise is due to the fact that the deterioration of the financial state of a particular entity leads to a disturbance of financial equilibrium. The assessment of the financial sustainability of an enterprise depends on the solvency guarantee, the balance between own and borrowed funds, the credibility of creditors and investors, and the level of dependence on them.

scholarly journals DIVERSIFICATION AS AN ALTERNATIVE AREA OF DEVELOPMENT OF ACTIVITIES OF ECONOMY AND OBJECT OF ACCOUNTING

2019 ◽  
Vol 42 (4) ◽  
pp. 57-63
Author(s):  
T. V. MOMONT
Keyword(s):  
Financial Stability ◽  
Information Support ◽  
Diversification Strategy ◽  
Strategy Of Development ◽  
The Social ◽  
Investment Capital ◽  
Universal Instrument ◽  
Business Entities ◽  
Basic Approaches ◽  
Diversification Mechanism

The essence of diversification and its directions is investigated in the article. Significance of external and internal effects of diversification, their interdependence is proved. The basic approaches to diversification of activity of economic entities are determined, causality of the diversification mechanism is established. The main types of diversification are highlighted and the classification of diversification according to its directions, methods and purpose for accounting and analytical purposes is proposed. The accounting and analytical goals of diversification implementation are investigated and their relationship with its strategy and processes is determined. The social results of the implementation of diversification processes at the enterprises for the society are determined and the achievement of the social effect of the diversification of the activity of the enterprises is substantiated. It is proved that the classification features and types of diversification highlighted in the article have the greatest influence on the organization of accounting of the enterprise and information support of the management personnel, who chose the diversification strategy of development. Diversification factors have been formulated. It is emphasized that the goal of diversification determines the result they seek to obtain in the course of diversification, and accordingly influences the composition of indicators that must be analyzed in order to determine whether the goal has been achieved, ie to determine the effectiveness of diversification processes. The role of diversification in the economic activity of the enterprise is determined. The classification features of diversification processes have been systematized. It is proved that diversification of business entities is a universal instrument of risk management, stabilization of financial stability and improvement of profitability indicators, and its use provides an opportunity to formulate long-term competitive advantages, attract investment capital and introduce innovative processes.

scholarly journals КОНЦЕПТУАЛЬНІ ЗАСАДИ ФІНАНСОВОЇ ДІАГНОСТИКИ В СИСТЕМІ ВАРТІСНО-ОРІЄНТОВАНОГО УПРАВЛІННЯ КОРПОРАЦІЯМИ

2020 ◽  
pp. 42-49
Author(s):  
Лідія Андріївна Костирко ◽  
Марина Вікторівна Євтушенко
Keyword(s):  
Corporate Governance ◽  
Financial Reporting ◽  
Financial Stability ◽  
Information Needs ◽  
Practical Importance ◽  
Information Support ◽  
Practical Significance ◽  
Economic Science ◽  
The Sustainable Development ◽  
Business Entities

Formulation of the problem. globalization processes taking place in the world economy, uncertainty of the market environment, changing business conditions and the paradigm of corporate governance – all this sets before the economic science and practice the task of finding new approaches to financial diagnostics as a tool for information support of value-oriented management. Object of the research: financial diagnostics in the system of cost-oriented management of corporations. Methods used of the research: logical content, scientific knowledge, induction and deduction, analysis and synthesis, economic and mathematical modeling. Hypothesis of the research: the existence of a relationship between the value of the corporation, its financial stability, financial performance and net cash flow. Summary of the material: the results of the study substantiate the conceptual foundations of the development of financial diagnostics in the system of value-oriented management of corporate enterprises, the purpose of which is to ensure the sustainable development of business entities on the basis of increasing value and achieving high quality corporate governance. Originality and practical importance: are determined by the generalization of the practice of value-oriented management of corporate enterprises in the part: financial diagnostics of the external environment, value indicators based on financial reporting indicators, stock indicators of corporate enterprise value and the state of corporate governance. The practical significance of the results is to formalize the value drivers of individual confectionery corporations based on correlation-regression models that can be used for forecasting. Conclusions: methodological approaches to: providing information needs of stakeholders on the basis of mechanisms of financial control of corporate enterprises are substantiated; improving the quality of corporate governance models and rating the internal financial and value potential of enterprises; financial diagnostics of the investment attractiveness of corporate securities in the stock market based on expectations-based management.

How to Promote Sustainable Branch-Wise Financial Flows in the Context of Contractual Regime (the Case of Public Utility Sector)

10.12737/2498 ◽  
2014 ◽  
Vol 2 (3) ◽  
pp. 59-66
Author(s):  
Каменева ◽  
E. Kameneva
Keyword(s):  
Economic Activity ◽  
Financial Stability ◽  
Public Utility ◽  
Financial Flows ◽  
Factors Affecting ◽  
The Public ◽  
The Subject ◽  
The Way

The subject structure of branch-wise economic and financial relations is described. Factors, affecting financial and economic activity, financial stability and sustainability of financial flows in the public utility sector are revealed. Contractual regime depending on the way the administrating body enters the apartment houses management market is presented.

ANALYSIS OF THE ENTERPRISES’ FINANCIAL RESOURCES FORMATION

2021 ◽  
pp. 192-201
Author(s):  
Inna Berzhanir ◽  
Keyword(s):  
Economic Development ◽  
Market Economy ◽  
Economic Activity ◽  
Financial Stability ◽  
Market Value ◽  
Financial Resources ◽  
Competitive Advantages ◽  
Economic Activities

In a market economy the formation of a sufficient amount of financial resources for effective financial and economic activities of enterprises is a major factor in increasing financial potential, ensuring competitive advantages and stable economic development. The effective process of formation of financial resources of enterprises allows to maximize its market value, to provide financial stability and profitability, to minimize risks of financial and economic activity.

scholarly journals МЕХАНІЗМИ БЮДЖЕТУВАННЯ ДІЯЛЬНОСТІ ПІДПРИЄМСТВА : МОЖЛИВОСТІ УПРАВЛІННЯ ФІНАНСОВОЮ БЕЗПЕКОЮ

2019 ◽  
pp. 24-30
Author(s):  
Г. С. Ліхоносова ◽  
О. І. Нецвітаєва
Keyword(s):  
Financial Stability ◽  
Positive Impact ◽  
Security Management ◽  
Information Support ◽  
Planning System ◽  
Practical Significance ◽  
Financial Security ◽  
Main Hypothesis ◽  
Holistic View ◽  
Financial Flows

Formulation of the problem. The article presents the author's opinion on the possibilities of using the mechanisms of budgeting the activity of the enterprise as tools of financial security management. The liberalization of financial relations and the free cross-border movement of capital led to the intensification of internal and external shocks on the development of economic entities. The purpose of the article is to study the theoretical aspects of the budgeting system as a tool for managing the financial security of an enterprise, in order to form a holistic view of budgeting as an economic category. The object of the study is the process of budgeting the activity of the enterprise, its organizational and economic capabilities and tools for managing the financial security of the enterprise. Methods used of the research: systematic approach, method of generalization, comparison, logical-meaningful method, monographic method, methods of induction and deduction, etc. The main hypothesis is that the financial stability of a functioning enterprise depends on the economic policy option, which is formed by the structure of the budgeting instruments of the enterprise. Presenting main material. The reasons for using this tool at the enterprise are revealed. The efficiency of the use of budgeting in the management of financial security of the enterprise is shown. Budgeting makes it possible to increase the financial soundness of management decisions and the effectiveness of information support of enterprise management; to differentiate between the leaders of different levels of the organizational hierarchy for results and to make a positive impact on their motivation; to agree on the different lines of activity of the units and the work of the enterprise as a whole on the basis of a single coordinated budget; improve current budgets by matching planned and actual indicators with results; to predict volumes of material and financial flows, cost structure. The originality and practical significance of the research. The basis of the mechanism of ensuring the financial security of the enterprise is a systematic combination of certain tools, methods, levers and information and analytical support, created on the basis of the principles of financial security, which objectively exist as economic laws, as well as produced by entities of financial security management of the enterprise to achieve and protecting the latter's financial interests. Conclusions of the research. The introduction of the entity's budgeting system enables the planning of financial and economic activities with the expectation of achieving a specific financial result and financial targets. Thus, budgeting is an effective tool for managing the financial security of an enterprise and acts as one of the main processes in the financial planning system.

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