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 DEVELOPMENT OF THEORETICAL BASIS OF THE INTERIOR CONTROL OF ENTERPRISE FINANCIAL RESULTS

2020 ◽  
Vol 15 (3) ◽  
pp. 99-106
Author(s):  
Alsu Zakirova ◽  
Guzaliya Klychova ◽  
Angelina Dyatlova ◽  
Al'fiya Yusupova ◽  
Ildus Gimadiev
Keyword(s):  
Control System ◽  
Internal Control ◽  
Management System ◽  
Agricultural Sector ◽  
Control Process ◽  
Information Support ◽  
Effective Management ◽  
Economic Activities ◽  
Management Decisions ◽  
Internal Control System

The presence or absence of an efficiently functioning internal control system at an enterprise has a significant impact on the success of business development, increasing competitiveness, developing an information system, improving the quality of accounting and analytical support for the enterprise management system. Internal control is the basis for effective management of enterprises in the agricultural sector of the economy. In this case, the following basic conditions must be met: the activities of the enterprise must comply with the adopted strategy and mission; it is necessary to ensure the financial and economic stability of the enterprise; primary information should contribute to successful leadership and effective management decisions. With the help of the internal control system, directions for improving the financial and economic activities of the enterprise are determined, procedures are determined that allow maximizing profits, and rational distribution of costs is ensured. To develop the theoretical foundations of internal control, the article proposes a conceptual model of the internal control system for financial results. An effectively functioning organizational model of internal control includes a set of goals, objectives, principles, subjects, objects, tools, standards of internal control, its regulatory and information support, documenting the control process, information support of the management system, and making effective management decisions. The toolkit for internal control of financial results is a complex mechanism that integrates and coordinates specific tools (methods) for the formation of information support for the management system. The results of research can be used to create and improve the internal control system aimed at ensuring the efficient and continuous operation of the enterprise; conceptual provisions can be applied in the development of regulations, methods and procedures for internal control.

scholarly journals Development of the institutional accounting for the needs of financial regulation: experience in the agricultural sector of Ukraine

2021 ◽  
Vol 12 (6) ◽  
pp. s702-s720
Author(s):  
Nataliia Semenyshena ◽  
Oksana Radchenko ◽  
Andrii  Zelenskyi ◽  
Nadiia Khocha ◽  
Ulyana Pelekh
Keyword(s):  
Financial Support ◽  
Financial Regulation ◽  
Agricultural Sector ◽  
The State ◽  
Information Support ◽  
Financial Resources ◽  
Industrial Complex ◽  
Financial Indicators ◽  
Organizational Mechanism ◽  
The Impact

The study of the accounting environment was conducted and proposals for improving its theory for the needs of the macro-level of management from the standpoint of institutional theories were formed. A working hypothesis is proposed on the dependence of data collection methods for financial regulation, the formation of a development strategy for the industry, the selection of the Structure of programs of state support for goods and services, and it is tested on examples of budgetary financial regulation of the agricultural sector of Ukraine. For this, the existing scientific approach and practice of information support of financial support were analysed using examples of budget programs in the agricultural sector of the economy, determination of the state and ambushes of its further development in relation to the financial condition of agricultural enterprises, the level of their accounting and financial reporting, and, accordingly, the awareness of managers concerning participation in budget programs, submission of applications that takes budget support and its effective use. The analysis of indicators in the effectiveness of budget programs is carried out in order to disclose the relationship between accounting and macroeconomic indicators in the development of the agricultural sector of Ukraine. The methodological approach to determining the effectiveness of budgetary support for the development of the agro-industrial complex is generalized, a comparative assessment of the effectiveness of various programs of state financial support for agricultural commodities and production sites is carried out and statistical material on the state of agriculture is processed the Impact of budgetary support on the formation of financial indicators in the agricultural sector was determined. Proposals were provided for the concentration of state financial resources on the Key Program of Budgetary Support for the development of the agricultural sector and improvement of the organizational mechanism functioning of the system of budgetary subsidies for agricultural goods. The main indicators of monitoring the effectiveness of state programs to support the agricultural sector have been outlined and proposals are given for improving the information support of this process, accounting tools, financial and budgetary reporting. Recommendations are given for the concentration of state financial resources on the Key Program of Budgetary Support for the development of the agricultural sector and the improvement of the organizational mechanism of functioning of the system of budget subsidies in connection with the achieved financial indicators of activity of the commodity producers formed in the accounting and information system.

scholarly journals Unethical practices in the Slovak business environment: Entrepreneurs vs. the State?

2020 ◽  
Vol 10 (1-2) ◽  
pp. 78-95
Author(s):  
Anna Remišová ◽  
Anna Lašáková
Keyword(s):  
Business Ethics ◽  
State Level ◽  
Business Environment ◽  
The State ◽  
Business Practices ◽  
Self Reflection ◽  
Proactive Approach ◽  
Unethical Practices ◽  
Business Entities

AbstractThis paper critically analyses one of the unexpected results of qualitative research aimed at detecting the presence of unethical business practices in Slovakia. The authors seek to find out why entrepreneurs participating in this research do not take responsibility for the development of business ethics and why, in their primary reflections on unethical practices in the Slovak business environment, have they shifted it almost completely to the State level (1), and whether their attitude is morally justified (2). The main theoretical foundation in the following analysis is the theory of development of business ethics on three levels (micro, mezzo and macro), also known as the “subject-matter of business ethics” approach. The paper discusses attitudes of the research sample, including Slovak entrepreneurs and company representatives, towards the State, and the consecutive critical reflection of their opinions shows that businesspersons tend to give up on their own proactive approach to the development of business ethics and position themselves in the role of an “expectant” instead of a “creator” of ethical standards in society. Furthermore, the paper points out that businesses lack ethical self-reflection in relation to corruption, more precisely, they lack reflection of their place in the corrupt relationship with the State. Given these findings, the paper concludes that an essential basis for the long-term development of business ethics in our country is the establishment of partnerships between the State and business entities, while recognizing the place of nongovernmental democratic institutions.

scholarly journals Valuation and Recording the Value of Innovation Objects in the Accounting System

2020 ◽  
pp. 47-54
Author(s):  
N. OVSIUK
Keyword(s):  
Reporting System ◽  
Information Support ◽  
Accounting System ◽  
Effective Management ◽  
Insufficient Information ◽  
Economic Activities ◽  
Business Transactions ◽  
Management Of Innovation ◽  
Methodological Approaches ◽  
Business Entities

The problems of valuating and recording the value of innovation objects in the system of accounting and reporting are investigated. It is argued that one of the factors hindering the development of innovation is insufficient information support covering a set of primary and consolidated data, the organization of storage of accumulated information and methods of its presentation and transformation. The main valuation models used by business entities to include the value of innovation objects in the economic transactions are identified. It is established that the commercial use of innovation objects requires calculation of market or other value. The main methodological approaches to valuation of innovation objects  and their impact on the formation of the value of innovation objects are proposed, taking into account these objects’ characteristics, specifics of the economic activities in which they are exploited, and availability of information on a group of objects, which determines the choice of appropriate valuation approach. The ways of valuating innovation objects at company level are highlighted. Methodological approaches to recording business transactions with innovation objects in the accounting and reporting system are elaborated, which will contribute in the sound assessment of innovation objects and their correct recording in the accounting system of a business entity and ensure effective management of innovation.

MOBILIZATION OF INVESTMENT SOURCES OF AGRICULTURAL PRODUCERS AND THEIR INVESTMENT ATTRACTIVENESS

2019 ◽  
Vol 4 (4) ◽  
pp. 395-401
Author(s):  
Yurii Vitkovskyi
Keyword(s):  
Agricultural Sector ◽  
State Level ◽  
Investment Strategy ◽  
The State ◽  
Agricultural Products ◽  
Domestic Investment ◽  
Agricultural Producers ◽  
Investment Funds ◽  
Financial Leasing ◽  
Business Entities

Introduction. The agricultural sector is an important segment of the domestic economy. Appropriate measures have been developed and implemented at the state level in order to create the necessary conditions for the development of agribusiness entities. The purpose of the research is to find ways to increase the investment attractiveness of agribusiness entities, as well as to analyze the directions and sources of attracting and mobilizing investment funds for their development. Results. The preconditions for attracting investment funds in the areas of competitive development of agricultural enterprises are described. The results of the influence of foreign economic policy on the sale of agri-food and agricultural products of domestic enterprises are determined. The tendencies of attracting foreign investments in the agricultural sector of the economy are analyzed. The most attractive areas of agriculture for investment are given. The orientation of agrarian policy in the medium term is determined. The necessity of investment support of the domestic agricultural sector is substantiated. Problems of investment policy implementation are highlighted. The role of financial leasing as a form of investment of agricultural producers is characterized. The necessity of creating conditions for intensification of leasing relations in agricultural production is proved. Measures have been proposed that have the potential to stimulate the attraction of private capital in the agricultural sector. Insufficient domestic investment to support the agricultural sector has been identified. Emphasis is placed on the expediency of attracting foreign direct investment. It has been established that the slowness of decision-making regarding the development of innovation support restrains the development of agricultural sector entities. The necessity of settlement of economic relations between subjects of agrarian business is substantiated. Excessive interference of the state executive power in the process of regulating such relations is outlined. Measures for free circulation of capital in the field of agricultural market are proposed. Conclusions. The investment strategy formation of agribusiness entities occurs taking into account their profitability and financial and economic condition. Attracting investments helps to improve the results of their activities and increase the level of competitiveness. Key words: agrarian business entities, investments, investment attractiveness, financial leasing, agricultural products.

scholarly journals Status and Trends in the Development of Financial Support for Social Protection in Ukraine

2021 ◽  
pp. 193-200
Author(s):  
О. Voloshinа ◽  
◽  
M. Kovaleva ◽  
V. Bozhenko ◽  
◽  
...  
Keyword(s):  
Financial Support ◽  
Social Protection ◽  
State Level ◽  
The State ◽  
Financial Resources ◽  
Financial Security ◽  
Social Sphere ◽  
Effective Implementation ◽  
Social Risks ◽  
The Social

The article considers the state and tendencies of development of financial provision of social protection in Ukraine. Modern problems of financing the sphere of social protection of the population in Ukraine are revealed. The importance of understanding the social protection of the population as a system of financial relations necessary to compensate for social risks and ensure social security is substantiated. The essence and features of financial provision of social protection of the population are revealed. The research of directions of budgetary financing of social sphere at the state level is carried out. The financial mechanism of realization of social protection which provides formation of the sources of the financial resources directed on performance of the corresponding programs and actions, and also the substantiated choice of methods, forms and levers of their use is investigated. It is proved that one of the significant obstacles to the effective implementation of social policy in our country is the insufficient level of its financial security in combination with irrational planning, distribution and inefficient use of available financial resources.

scholarly journals ANALYSIS OF MODERN FACTORS INFLUENCING THE DEVELOPMENT OF ANTI-CORRUPTION ACTIVITIES OF THE STATE

2021 ◽  
Vol 03 (01) ◽  
pp. 116-122
Author(s):  
Naumchuk Kateryna Naumchuk Kateryna
Keyword(s):  
Public Administration ◽  
Social Protection ◽  
Negative Impact ◽  
Health Care Facilities ◽  
The State ◽  
Public Confidence ◽  
Economic Activities ◽  
Progressive Development ◽  
Factors Influencing ◽  
The Government

For several years in a row, Ukraine has been on the path of active democratic transformations due to a significant number of complex political, economic, environmental, and regulatory changes. Most of the transformations are due to the unwillingness of civil society to put up with situations that hinder the gradual development of all spheres of activity. Unfortunately, the leading positions are occupied by problems related to corruption in the public sector, which is one of the inhibiting factors in the implementation of state programs, reforms, and innovations. Their influence reduces the level of public confidence in the government, as well as contributes to the deterioration of the country's position at the level of international cooperation. Such actions lead to the development of crisis phenomena in sociopolitical and economic activities, reduces the level of national security and social protection of citizens. The presence of crisis phenomena leads to the need to make changes in the functioning of the most necessary industries such as health care facilities, educational services, state-owned enterprises, and industry. The phenomenon of corruption has a negative impact on the country's competitiveness, on its ability to fully meet the needs of its own citizens, which creates distrust not only of ordinary citizens but also of entrepreneurs. Based on this, identifying and preventing the influence of the main factors influencing the development of the anti-corruption policy of the state is quite relevant and important for solving the problems that have covered the activities of our country. In the course of the research, the approaches to understanding the essence of anti-corruption policy were generalized, measures were identified and priority areas for combating corruption were identified. It was found that the functioning of the process of democratic transformation in combating corruption contributes to the creation of a non-corrupt environment that promotes the progressive development of the country. Keywords: Corruption, corrupt activities, state anti-corruption policy, anti-corruption activities, public administration, public administration, public authorities.

scholarly journals Strategic Priorities of the Institutional Support of Agrarian Economy of Ukraine in the Context of European Integration Processes

2021 ◽  
Vol 3 (518) ◽  
pp. 63-69
Author(s):  
A. V. Balian ◽  
Keyword(s):  
European Integration ◽  
Agricultural Sector ◽  
Institutional Support ◽  
State Level ◽  
Organic Production ◽  
The State ◽  
Food Markets ◽  
Aim Analysis ◽  
Actual Problem ◽  
Agrarian Economy

The article defines that recently, under the influence of global processes, pandemic and volatility of international agri-food markets, the high dynamics of transformations in the world economy has been generating more and more risks for domestic producers and requires effective decision-making in the legislative and regulatory field at the State level. Thus, formation and implementation of strategic priorities of institutional support for the agrarian economy of Ukraine in the context of European integration processes remains an actual problem. The article is aimed at substantiating the strategic priorities of developing the institutions of the National Academy of Agrarian Sciences of Ukraine in the context of changes in the global environment and under the influence of European integration processes. In order to achieve the aim, analysis of modern problems of institutional support of the agrarian sphere of the national economy of Ukraine in the context of European integration processes is carried out. It is noted that the COVID-19 pandemic has had a significant impact on the implementation of the tasks of the structural units of the National Academy of Agrarian Sciences as a scientific institution to provide innovative support for the development of the industry. Emphasis is placed on the chronic underfunding of research and development at the State level, which inhibits the effectiveness of innovative providers in the agricultural sector. The main directions of further development of agribusiness in order to ensure the competitiveness of domestic products in agri-food markets and ensure food security of the country are identified. Emphasis is placed on the intensification of significant export potential, in particular organic production, the volume of supplies to world markets is growing. However, it is proved that the effectiveness of the implemented strategies for scientific support of the agricultural sector requires proper funding, responsible attitude and vision of the economic perspective behind it. In order to intensify the innovative model of scientific activity in the agrarian sphere and in the context of integration into the European Open Scientific Space, the first intermediate results of the activities of the State-owned institutions of the National Academy of Agrarian Sciences are determined.

scholarly journals TAX REGULATION OF INNOVATIVE ACTIVITIES OF BUSINESS ENTITIES IN UKRAINE

2021 ◽  
Vol 26 (1(86)) ◽  
Author(s):  
Lyudmyla Berezovskaya ◽  
Inna Dolzhenko
Keyword(s):  
Tax Incentives ◽  
Comparison Method ◽  
The State ◽  
Innovative Activity ◽  
Innovation Activity ◽  
Tax Credit ◽  
Economic Activities ◽  
Business Entities ◽  
Tax Payments ◽  
Tax Regulation

The successful functioning of business entities and their achievement of strategic advantages in a competitive environment largely depend on the effectiveness of their innovative activities. Therefore, an important area of tax regulation in the country should be to stimulate the attraction of investments for the introduction of innovations into economic activities. The purpose of the article is to assess the tax regulation of innovative activities of business entities in Ukraine and to develop proposals for its improvement. To achieve this goal, a systematic approach, an abstract-logical method, an economic-statistical and a comparison method were used. The authors analyzed the state of legislative regulation of innovative activity in Ukraine and identified its shortcomings regarding the interpretation of the concept of «innovative activity». The methods of tax incentives for innovative activities, contained in the legislation of Ukraine, have been investigated. It is proved that, unlike foreign countries, tax support for innovative projects in Ukraine has not yet received a stimulating character and has not become a means of activating the process of modernizing the material and technical base of enterprises. It was stated that according to the indicators of the European Innovation Board (EIT), the position of Ukraine is defined as the crane «Innovator that is being formed». It is noted that it is possible to start the process of innovative renewal of the national economy, subject to the introduction of a policy of tax incentives and the construction of an effective taxation model for innovative activities of a stimulating nature. The state of foreign investment and innovation activity of business entities in Ukraine has been analyzed. The possible directions of using tax instruments to stimulate innovative technologies have been substantiated, which include tax holidays for startups, the use of accelerated depreciation, a tax credit for the payment of payroll taxes, the introduction of a tax credit for income tax, a deferral of tax payments and carry forward of losses.

scholarly journals HISTORICAL AND LEGAL CHARACTERISTICS OF THE DEVELOPMENT OF LEGISLATION ON SELF-REGULATORY ORGANIZATIONS

2020 ◽  
pp. 7-15
Author(s):  
L.M. Parente
Keyword(s):  
Public Relations ◽  
Self Regulation ◽  
State Level ◽  
State Regulation ◽  
The State ◽  
Professional Activity ◽  
Public Authorities ◽  
Business Entities ◽  
The Right ◽  
Delegation Of Powers

The article examines the historical and legal preconditions for the formation of self-regulation in Ukraine and other countries. On the basis of the conducted research, the peculiarities of the development of self-regulation in the territory of Ukraine in different historical periods are determined. The preconditions for the formation of the institution of self-regulation in the field of management and professional activity are described. It is determined that self-regulation has been inherent in society since the beginning of the primary forms of the common cause. The primary forms of SROs developed rules of professional activity, performed the functions of control and supervision due to the vacuum of state regulation in such areas. The peculiarity of such organizations was certain legalization by the state. Such SROs regulated their own activities at the level of development and adoption of local acts. A feature of national self-regulation was the transition from voluntary to compulsory regulation. to distinguish three periods of development of legislative support in the field of self-regulation. Declarative (from 1991 to 1996): this period is characterized by the formal consolidation at the legislative level of the right of participants in public relations to create an SRO. However, the status of SROs was practically not regulated at the legislative level. At the state level, there was no strategy for the development of self-regulation in the field of management and professional activities. Institutional (from 1996 to 2016): during this period the system of delegation of powers from public authorities of the SRO, the system of legalization of the SRO is introduced. However, the rules on SROs are still chaotic, there is no clear mechanism for control and supervision of SRO activities by public authorities, the concept of participation in SROs as business entities and persons of certain professions is not defined. In a number of areas, despite the consolidation of the right to create SROs at the level of laws, SROs have not worked. Reformation (from 2016 to the present): characterized by the development at the legislative level of the Concept of reforming the institution of self-regulation, which outlines the problematic issues of the institution of self-regulation in Ukraine, identifies areas for improvement. Keywords: self-regulation, a self-regulatory organization, the sphere of management, professional activity, a delegation of powers.

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