Improvement of information support at an industrial enterprise for the purposes of accounting and auditing of funds

2021 ◽  
Vol 83 (1) ◽  
pp. 52-62
Author(s):  
O. I. Zhaltyrova ◽  
◽  
T.B. Kuvaldina ◽  
G.O. G.O. Abisheva ◽  
◽  
...  
Keyword(s):  
Market Economy ◽  
Cash Flow ◽  
Cash Flows ◽  
Industrial Enterprise ◽  
Information Support ◽  
Production Cycle ◽  
Accounting Data ◽  
Goods And Services ◽  
Industrial Enterprises ◽  
Economic Entity

The main problem is that money plays a huge role in a market economy. The market is impossible without the movement of money that carries out the turnover of goods and services. The movement of money serves the sale of goods, as well as the movement of the financial market. The cash resources of an industrial enterprise are an integral part of current assets. The money is needed for settlements with suppliers and contractors, for making payments to the budget, for issuing salaries, bonuses to employees, and for making other types of payments. The meaning of the organization of funds is to effectively manage the cash flows of an economic entity on the basis of data obtained from the results of the analysis of cash flows for a certain period of time and accounting data. Information support is a system of information and methods of its processing that allow us to assess the real state of an industrial enterprise and identify factors that contribute to improving the effectiveness of management decisions. In these conditions, it becomes inevitable to improve the information support for accounting and auditing of funds. The purpose of this study is to identify the problems of accounting and auditing of funds at industrial enterprises by improving information support. The implementation of the research goal is facilitated by the use of methods of comparative analysis, synthesis, graphical method for visualizing the results obtained. For any enterprise, it is necessary that there is enough money at the beginning of the production cycle, and at the end their growth is ensured. With such business management, a constant turnover of funds will be ensured, which will provide the enterprise with an influx of funds, and will make it possible to carry out activities in other areas (investment or financial) at the expense of the money generated by the main activity. In a market economy, it is necessary to proceed from the principle that the skillful use of funds brings additional income to the enterprise, and, therefore, the enterprise should constantly think about the rational investment of temporarily free funds to make a profit. The authors analyzed the cash flow by type of activity on the basis of financial statements, and developed recommendations for solving the problems of accounting and auditing of funds, which are aimed at improving cash flow management, which will allow an industrial enterprise to achieve its goals and plans as much as possible.

INFORMATION SUPPORT DEVELOPMENT FOR CASH FLOW MANAGEMENT IN TERMS OF ACCOUNTING AND ANALYTICS

2017 ◽  
Author(s):  
Serhii Didur ◽  
◽  
Raisa Tsyhan ◽  
Irina Bondarenko ◽  
◽  
...  
Keyword(s):  
Cash Flow ◽  
Methodological Approach ◽  
Relevant Information ◽  
Cash Flows ◽  
Information Support ◽  
Agency Conflicts ◽  
Flow Management ◽  
Accounting Data ◽  
Cash Flow Management ◽  
Modern Business

The article is devoted to the study of the essence of cash flows and their accounting and analytical support. The urgency of solving issues of information support for cash flow management is substantiated, taking into account the current conditions of economic development and factors influencing the movement of cash resources. Using previous work, the authors of the article proposed their vision for the definition of «cash flows» as a set of all types of cash assets that serve the enterprise, are transformed and ensure its continuous operation. Classification is improved taking into account modern business conditions on the basis of non-cash. Accounting and analytical support for the formation of information in the cash flow management system is developed, which has a separate accounting and analytical component. The necessity of carrying out the administrative analysis of cash flows of the enterprise on the basis of a technique based on implementation of analytical procedures of the relevant information and acceptance of the corresponding administrative decisions is proved. According to the authors, accounting and analytical support of cash flows is a system that is based on financial and management accounting data as an informative basis for their analysis, is part of the overall process of managing the activities of the enterprise. The proposed system of accountingиand analytical support is focused on solving problems of cash flow management and control, which are the subject of interest of opportunistic managers. When developing forms of management reporting and methods of analysis, the tasks to be solved should take into account the interests of the owners. Further research is proposed to develop a methodological approach to management analysis of cash flows and search for key indicators to assess the level of efficiency of generating cash resources of the enterprise to avoid agency conflicts.

THEORETICAL AND METHODOLOGICAL PRINCIPLES OF CASH FLOWS OF ENTERPRISES

2017 ◽  
Author(s):  
Roman Greshko ◽  
◽  
Violetta Kharabara ◽  
Olena Tretyakova ◽  
◽  
...  
Keyword(s):  
Cash Flow ◽  
Cash Flows ◽  
Management Policy ◽  
Flow Management ◽  
Financial Investment ◽  
Cash Flow Management ◽  
Goods And Services ◽  
Methodological Approaches ◽  
Conducting Research ◽  
Methodological Principles

Efficient management of cash flows of the enterprise provides predict activities in a modern organization. The issue of ensuring balancing and synchronization of outflow and inflow of cash and their equivalents is important for any enterprise. The urgency of the study greatly increases in conditions of complex economic processes that create significant risks and difficulties in conducting a balanced cash flow management policy. The purpose of this study is to substantiate the theoretical and methodological principles of management of cash flows of the enterprise, which provides for the determination of the content of the concept of cash flows, their types and classification, as well as the formulation of methodological approaches to the management of cash flows of the enterprise. The theoretical basis for conducting research is the work of domestic and foreign scientists who studied the issue of managing the cash flows of the enterprise. In the course of the study of theoretical and methodological bases of management of cash flows of the enterprise, economic content and value of cash flows of the enterprise are determined. In the course of studying the approaches of various scholars, the proper definition of cash flows, which characterizes them as the receipt and payment of highly liquid assets of the enterprise within the framework of financial, investment and current activities of the enterprise, is formulated in order to ensure uninterrupted production, sales and other work, which leads to a change in the amount on the current account in the bank and the balance in the box office. Also in the article, methodological approaches to managing cash flows of enterprises that provide for quality accounting and collection of information on funds, analysis of preliminary management experience, substantiation of optimization measures, drawing up a payment calendar for the next year, control over the implementation of a substantiated cash flow management policy. Measures are determined to balance cash flow due to leasing, use of leasing, buying, emission or sale of corporate bonds or other securities, changing the policy of selling goods and services.

scholarly journals Modern problems of fixed capital management of the industrial enterprise

2021 ◽  
pp. 23-27
Author(s):  
Olena STANISLAVYK ◽  
Oleksandr KOVALENKO
Keyword(s):  
High Efficiency ◽  
Industrial Sector ◽  
Basic Element ◽  
Fixed Capital ◽  
Industrial Enterprise ◽  
Capital Management ◽  
Goods And Services ◽  
Industrial Enterprises ◽  
Long Run ◽  
Fixed Assets

Introduction. Production activity is impossible without the presence of fixed capital and its basic element – fixed assets, in the operation of which the depreciation fund is formed and the targeted use of depreciation deductions and quality reproduction of fixed assets of the enterprise are positioned to the fore. The importance of this issue increases due to need to enter markets with competitive goods and services, which leads to innovative and active activities of industrial enterprises, which require, above all, significant investments into the fixed assets. The purpose of the paper is to highlight the essence and modern problems of fixed capital management of industrial enterprise. Results. The paper explores the essence of fixed capital management of industrial enterprise and identifies modern key issues in this area facing managers of domestic industrial enterprises. The role of strategic and tactical planning of the process of reproduction of fixed assets in the management of fixed capital of the industrial enterprise and the reasons for its renewal are highlighted. The requirements for the formation of strategy and management system of fixed capital of the industrial enterprise are presented. The stages of formation of the effective strategy of fixed capital management under conditions of the modern market and the basic directions of activity of the industrial enterprise in this sphere are offered. The necessity of implementing the rational depreciation policy and correct revaluation of fixed assets is shown. The importance of using leasing as effective tool for investment and renewal of fixed assets of domestic enterprises of the industrial sector of economy is considered. Conclusion. For the effective management of fixed capital, it is important for industrial enterprises to perform a number of tasks, which involve the development of long-term strategy and tactics for the formation and effective use of fixed assets; determination of fixed capital renewal needs; adequate assessment of the conditions of fixed assets, maintaining the proper conditions of machinery and equipment; implementation of rational depreciation policy; finding acceptable sources of funding for the restoration of fixed capital, as well as finding more efficient ways of using the investment resources. It should allow the industrial enterprise to produce products, which are in demand, and ensure stable competitive positions and high efficiency in the long run.

scholarly journals IMPLEMENTATION OF THE STRATEGY OPERATIONAL ACTIVITIES OF INDUSTRIAL ENTERPRISES IN THE DIGITAL ECONOMY

2020 ◽  
pp. 78-87
Author(s):  
Юлия Николаевна Кулакова
Keyword(s):  
Information Systems ◽  
Digital Economy ◽  
Industrial Enterprise ◽  
Information Support ◽  
Industrial Enterprises ◽  
Operational Activities ◽  
Operational Activity ◽  
Corporate Information Systems ◽  
Corporate Information ◽  
Implementation Of The Strategy

Объектом исследования является стратегия операционной деятельности промышленного предприятия, воплощающая целенаправленный, качественно определенный способ реализации предприятием его операционной деятельности, выраженный в количественных показателях. Вид стратегии операционной деятельности определяется по данным управленческого учета в режиме мониторинга, и в случае необходимости он должен быть незамедлительно скорректирован, поэтому целью исследования является разработка алгоритма информационной поддержки соответствующих управленческих решений. Приведен обзор становления мировой цифровой экономики, а также тех возможностей, которые она предоставляет при управлении предприятием. Научная новизна исследования заключается в разработке алгоритма информационного обеспечения по реализации стратегии операционной деятельности промышленного предприятия, позволяющего регулярно оценивать эффективность используемой стратегии и устанавливать соответствие вида стратегии определенным параметрам, а также проводить корректировку вида стратегии операционной деятельности на основе экономико-математических методов. Эти процедуры будут способствовать повышению эффективности управления предприятием в современных условиях, характеризующихся высоким уровнем динамичности и информационной доступности экономических процессов. The author investigates the strategy of operational activity of an industrial enterprise which can be qualified as a qualitatively defined way of implementing its operational activities, expressed in quantitative terms. The type of strategy of operational activity is determined in the monitoring mode according to management accounting data, and in case of non-compliance with the specified parameters, the strategy can be immediately adjusted, which requires the development of an appropriate algorithm and information support. The implementation of the proposed concept of monitoring and adjusting the strategy of operational activity requires the use of modern corporate information systems by an industrial enterprise. The article provides a brief historical overview of the formation of the global digital economy, as well as those opportunities that it provides when managing an enterprise. The article proposes an algorithm of information support for the implementation of the strategy of operational activity of an industrial enterprise, which allows you to regularly evaluate the effectiveness of the strategy used and establish the correspondence of the type of strategy to certain parameters, as well as adjust the type of strategy of operational activity based on economic and mathematical methods. Implementation of the algorithm in practice is possible while using modern corporate information systems. The algorithm of information support for the implementation of the strategy of operational activity of an industrial enterprise can be used to increase the efficiency of enterprise management in modern conditions, characterized by a high level of dynamism of economic processes and information accessibility.

scholarly journals DATABASE DEVELOPMENT OF THE MANAGEMENT INNOVATIVE ACTIVITY IN THE INDUSTRIAL ENTERPRISE

2018 ◽  
Vol 2018 (1) ◽  
pp. 21-27
Author(s):  
Алексей Курлов ◽  
Aleksey Kurlov ◽  
Андрей Гулевитский ◽  
Andrey Gulevitsky
Keyword(s):  
System Analysis ◽  
Innovation Management ◽  
A Priori ◽  
Industrial Enterprise ◽  
Information Support ◽  
Industrial Enterprises ◽  
Preparatory Stage ◽  
Implementation Of Innovations

This article focuses on the decision of problems of increase of efficiency of introduction of innovation in industrial enterprise. The publication includes a description of the author's approach to innovation in the industrial enterprise, implemented in the form of a database. The main functions of the database are divided into two main stages – preparatory and informative. The functions of the preparatory stage include the collection of information about the industrial enterprise, the rationale for the choice of innovation, determination of the composition and administration of training (retraining), justification of the technical appearance of innovation. At the supporting stage, the database allows information support in the development and implementation of innovations in terms of timing, volume and costs, to carry out a priori and a posteriori evaluation of the quality of innovation on the basis of situational norms, as well as support for decision-making on innovation management in the industrial enterprise. The database is based on the theory of system analysis, the basic principles of the theory of innovation, methods of situational modeling, graph theory and probability theory. The results of the developed database can be used by modern industrial enterprises in the implementation of innovations.

scholarly journals Development of the Theory of Cost Management of Stakeholders of the Enterprise in Foreign Tesearches

2021 ◽  
pp. 55-69
Author(s):  
Petro G. Pererva ◽  
Tetiana I. Kobeleva ◽  
Oleksandra P. Kocenko ◽  
Valerii M. Kobelev ◽  
Viktoriya O. Matrosova
Keyword(s):  
Industrial Enterprise ◽  
Enterprise Management ◽  
Conceptual Approach ◽  
Cost Approach ◽  
Industrial Enterprises ◽  
Commercial Activities ◽  
Economic Entity ◽  
Actual Direction ◽  
Management Concept ◽  
Relationship Of

Thes article proves that the actual direction of effective enterprise management is the use of network management concept of production and commercial activities, which is based on the theory of stakeholders. This area of research is widely discussed in foreign economic publications, where a significant number of innovative developments and proposals have already accumulated. Research, generalization and use of foreign experience in the field of stakeholder theory are extremely important for domestic industrial enterprises. The purpose of the study is to study the methods of substantiation of theoretical and methodological approaches and practical recommendations for managing relations with stakeholders on the basis of a cost approach, identification and grouping of stakeholders of industrial enterprises taking into account their interests. Achieving this goal is carried out using a conceptual approach to the formation of total value, which includes the value of the industrial enterprise and the value of its stakeholders, who jointly create the overall contribution of this economic entity in achieving society as a whole. The proposed approach differs positively from the conceptual provisions available in the theory of stakeholders and can be based on the theoretical provisions of managing the relationship of an industrial enterprise with its stakeholders on the basis of a cost approach. The implementation of the proposed approach allows an industrial enterprise to rank stakeholders by value, analyze the dynamics of the structure and parameters of flows of material and financial resources of the enterprise and its stakeholders.

scholarly journals ORGANIZATION OF MONITORING OF QUALITY OF INNOVATION PROCESSES IN ENTERPRISES OF ELECTRONIC INDUSTRY

2019 ◽  
Vol 1 (7) ◽  
pp. 110-116 ◽  
Author(s):  
A. Yu. Gulevitskij ◽  
A. V. Kurlov ◽  
V. V. Kurlov
Keyword(s):  
System Analysis ◽  
Innovation Management ◽  
A Priori ◽  
Industrial Enterprise ◽  
Information Support ◽  
Industrial Enterprises ◽  
Preparatory Stage ◽  
Implementation Of Innovations

This article focuses on the decision of problems of increase of efficiency of introduction of innovation in industrial enterprise. The publication includes a description of the author’s approach to innovation in the industrial enterprise, implemented in the form of a database. The main functions of the database are divided into two main stages – preparatory and informative. The functions of the preparatory stage include the collection of information about the industrial enterprise, the rationale for the choice of innovation, determination of the composition and administration of training (retraining), justification of the technical appearance of innovation. At the supporting stage, the database allows information support in the development and implementation of innovations in terms of timing, volume and costs, to carry out a priori and a posteriori evaluation of the quality of innovation on the basis of situational norms, as well as support for decision-making on innovation management in the industrial enterprise. The database is based on the theory of system analysis, the basic principles of the theory of innovation, methods of situational modeling, graph theory and probability theory. The results of the developed database can be used by modern industrial enterprises in the implementation of innovations.

scholarly journals Modern concept of interpretation of the cash flow economic essence and its classification

2021 ◽  
pp. 16-20
Author(s):  
Olha MATVIEIEVA ◽  
Olena KOSTIUNIK ◽  
Anastasiia TITARENKO
Keyword(s):  
Cash Flow ◽  
Economic Activity ◽  
Critical Analysis ◽  
Financial Stability ◽  
High Efficiency ◽  
Cash Flows ◽  
Modern Concept ◽  
Economic Entity ◽  
High Level

Introduction. At the present stage of economic development, it is impossible to imagine the activities of an economic entity in any industry without paying in cash. Today, the study of the nature of cash is one of the most promising, as increasing the efficiency of economic activity of the entity is based on maintaining its financial stability and maximizing profits, as well as the value of the entity, which is formed by organizing cash flows. Under the condition of controlling the constant movement of cash flows, businesses have the opportunity to provide a high level of economic potential. Thus, a critical analysis of the nature and classification of cash is not only relevant but also necessary. Purpose. As the concept of “cash” is not regulated at the legislative level, its essence and classification features can be explained in different ways. The purpose of the paper is to study the problems of economic essence and classification of funds, generalization and optimization of results. Results. A critical analysis of the economic essence of cash. The problems of economic essence of money and their classification are studied. The essence of the concept of “cash flow” is investigated. The results of critical analysis are generalized and optimized. Conclusion. We have the opportunity to draw the following conclusions: cash – liquid assets of the entity, including cash on hand, bank accounts, cash in transit, electronic money, deposits, etc., on which depends the financial potential of the entity, the prospect of achieving financial goals of any level and which guarantee solvency, financial stability and liquidity of the business entity; сash flows – is the economic process of receipt and expenditure of cash costs in identical and non-cash form, generated in the course of economic activity of the entity, distributed according to production needs in times and spaces to ensure solvency and high efficiency. Thus, a critical analysis of the nature and classification of cash in the process of organizing and conducting business activities, proved that the study of the nature of cash, their qualifications is not only relevant and necessary, but requires further research.

scholarly journals RAIDING IN UKRAINE – A THREAT TO THE ECONOMIC SECURITY OF ENTERPRISES

2020 ◽  
Author(s):  
Nataliy Zgadova ◽  
◽  
Lidiy Rogatina ◽  
Vitaliy Gubko ◽  
◽  
...  
Keyword(s):  
Market Economy ◽  
Negative Impact ◽  
Economic Security ◽  
The State ◽  
Information Support ◽  
Soviet Period ◽  
Information Warfare ◽  
Law Enforcement Agencies ◽  
Industrial Enterprises ◽  
Main Components

Given the formation of a market economy in Ukraine, which is based on small and medium-sized businesses, the question of their economic security, because economic security is one of the main components of the needs of not only the state, various associations, but also individual enterprises. Therefore, it is very important to have effective tools to protect enterprises from the information support. With the intensive spread of crises in Ukraine's economy, financial and political instability, increased competition and the negative impact of environmental factors, the problem of financial and economic security of the enterprise has become especially important, namely in the manifestation of information warfare and raids on enterprises of various forms of ownership. Economic information is considered as the main factor of effective activity of the enterprise in the conditions of market economy. Until the early 1990s (Soviet period), domestic enterprises, in particular agro-industrial enterprises, felt virtually no risk in their activities, as they were state-owned and bound by government contracts. In turn, the state interests in the field of economy were strictly protected by law enforcement agencies and special services. Now the situation has changed dramatically. Any business entity, regardless of the size of its working assets, is surrounded by a variety of risks, and therefore vulnerable to various raider attacks, which can instantly destroy financial and material resources. At the same time, the state structures that are supposed to defend entrepreneurship do not actually operate. In today's economic system, one of the most important tasks of economic security of the enterprise was the preservation of its property, resistance to raiding – forceful, unscrupulous seizure of someone else's property. This phenomenon has become a real threat to the economy as a whole, destroying domestic business, entrepreneurship and production, increasing tensions in the economic space of the country, as almost any company can be the object of a raider attack. Therefore, we can say that the problem of raiding in today's market conditions is quite relevant and threatens the economic security of enterprises and must be addressed immediately.

scholarly journals Intra-firm feudalism and the risks of its digital amplification

2020 ◽  
Vol 15 (3) ◽  
pp. 344-368
Author(s):  
Igor Vasil'evich Anokhov ◽  
Keyword(s):  
Hierarchical Structure ◽  
Power Level ◽  
Cash Flows ◽  
Industrial Enterprise ◽  
Management Structure ◽  
Industrial Enterprises ◽  
The Hierarchical Structure ◽  
The Difference ◽  
Manufacturing Technologies ◽  
Hierarchical Management

Ever changing environment brings to light the need to create the appropriate hierarchical management structure maintaining efficient and sustainable firm’s performance. The scholars become more focused on the importance of the non-formal rules determining the nature of the intra-firm relations. This article attempts to justify theoretically the applicability of the feudalism categories to the analysis of the hierarchical management structure in the modern industrial enterprise, as well as to define the ways to overcome the negative implications of the intra-firm feudalism. Methodologically, the research is based on the provisions of the A.A. Bogdanov’s general organizations science. The article justifies the in-house system of relationships, which, in fact, correlates with the fundamental characteristics of the feudal relationships. This system of non-formal relations affects the approved managerial decisions, determines the nature and goals of the structural units of the industrial enterprise. It is shown that the nature of these non-formal relationships shapes the long-term resilience of the firm. The article looks at how the in-house departments obtain the elements of quasi-feudal power by controlling the functional levels of the firm – physical (control over the main assets), distribution (control over the material, labor, and energy resources), economic (impact on the cash flows), and design and technological (impact on the strategic development and firm’s technologies). The main reason for the intra-firm feudalism is the difference in opinions among the top managers of the firms and its employees, which, in its turn, is caused by different assets circulation periods – the main means of manufacturing and labor. It is claimed that information asymmetry inherent to the hierarchical structure is the indispensable condition for the intra-firm feudalism. In-house feudalization amplifies when a particular employee and its department acquire specific capital, including experience, knowledge about the manufacturing technologies, ties with colleagues and outside subjects, etc. It is justified that economy digitalization changes the composition and the structure of the feudal lords’ powers, while the scales of intra-firm feudalism manifestations do not change. To counteract the firm’s feudalization, the article proposes measures, including dismissal of the feudal lords and destruction of feuds, delegation of the design and technological powers from the feudal lords to the personnel, blurring the feudal lords’ powers, changing the business conditions for feuds, changes of the hierarchical structure in the firm. It is noted that the intra-firm feudalism can be restrained by setting up a new intra-firm unit – General Council of Employees empowered with design and technological rights with the level inversely proportional to the intra-firm feudal lords’ power level. Therefore, higher level of powers given to the firm’s employees will restrain the powers of the intra-firm feudal lords. Further research is seen to be connected with the assessment of the hypothesis concerning the development of the intra-firm feudalism in particular industrial enterprises.

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