scholarly journals Movement of documentation as a part of the audit reporting of top agricultural company management

2021 ◽  
Vol 46 (1) ◽  
pp. 47-53
Author(s):  
Milan Radović ◽  
Jelena Vitomir ◽  
Slobodan Popović
Keyword(s):  
Top Management ◽  
Organization Of Work ◽  
Internal Factors ◽  
Business Decisions ◽  
Business Results ◽  
Agricultural Enterprise ◽  
Operation And Management

The movement of documentation as part of an implemented audit in the operations and management of an agricultural enterprise can contribute to improving the operation and management of an agricultural enterprise. This generally reduces the risk to the business of the agricultural enterprise. The movement of documentation within the company is done constantly. In this movement it is possible to make mistakes and omissions that will lead to worse business results of the company, which are essentially a consequence of poor internal factors of organization of work and business of top management. Therefore, the authors draw attention to the importance of establishing audit mechanisms that will contribute to improving the overall management of the agricultural enterprise, through better organization of the flow of documentation in the agricultural enterprise. The authors point out that their contribution in this paper is primarily focused on highlighting the importance of the movement of documentation within the company, which is the basis of audit monitoring and giving recommendations to the top management, who will then have the opportunity to make valid business decisions.

scholarly journals Application of value and structure of capital in enterprises applying the discounted cash flow (DNT) method

2021 ◽  
Vol 18 (2) ◽  
pp. 77-96
Author(s):  
Goran Vitomir ◽  
Bojan Ćurić
Keyword(s):  
Cash Flow ◽  
Top Management ◽  
Discounted Cash Flow ◽  
Method Of Calculation ◽  
Enterprise Value ◽  
For Profit ◽  
Business Results

Valuation of the value and structure of capital using the discounted cash flow (DNT) method is one of the safer and more valid methods used by the valuation team to evaluate the value of the capital. It essentially involves the application of capital appreciation through a yield method of calculation. The data obtained by applying this method are confidently presented in the results of the assessment team, which are submitted to the top management of the company. The aim of this paper is to show the advantages of applying the method of estimating the value of the capital of the company, because in comparison with other methods of valuation, this method is viewed as a unique entity for profit making. The authors conclude that the use of DNT reveals a link between the achieved business results of the enterprise as measured by the size of the profit and the expression of the enterprise value. The contribution of the study's authors is that they have discovered a link between the value of a business and its ability to fertilize borrowed capital and make a profit.

scholarly journals The importance of considering internal audit as a decision-making by top-management of an agricultural company

2020 ◽  
Vol 6 (3) ◽  
pp. 123-136
Author(s):  
Miloš Jokić
Keyword(s):  
Decision Making ◽  
Internal Control ◽  
Internal Audit ◽  
International Standards ◽  
Top Management ◽  
Internal Auditing ◽  
Internal Auditors ◽  
Agricultural Enterprises ◽  
Agricultural Enterprise ◽  
Valid Information

The top management's decision-making in an agricultural enterprise should be based on valid information gathered within the enterprise itself. Collecting timely business information is done daily by all sectors of the enterprise. Merely improving the security of information gathering and the safety of all parts of the enterprise is a task performed by trained internal control and internal audit personnel in the company, appointed by top management. In performing their duties on a regular basis, internal auditors should apply procedures and methodologies that are consistent with International Standards on the Professional Practice of Internal Auditing in their work. The aim of the paper is to emphasize the importance of implementing the adopted methodology of work of internal auditors in agricultural companies. The author points out those standards that are in line with best audit practice should be applied in internal audit work. The contribution of the study authors is to emphasize the importance of applying the internal audit profession in the regular operation of agricultural enterprises, which is in line with the general objective of improving the regular business operation.

Improve Business Results by Learning From Experience in Proactive Reviews

2019 ◽  
pp. 52-79
Author(s):  
Ditte Kolbaek
Keyword(s):  
Information Technology ◽  
Lessons Learned ◽  
Top Management ◽  
Global Information ◽  
Work Practices ◽  
Learning From Experience ◽  
Educational Design ◽  
Big Business ◽  
Business Results

This chapter aims to provide a theoretically based and proven educational design for lessons learned. Called a proactive review, this educational design is exemplified in a case study of a global information technology company classified as big business, where proactive reviews were developed and implemented in over 40 countries. This chapter explores how employees who solve a task together can learn from the experience and share this learning with relevant colleagues to improve work practices, services, and/or products. This chapter describes the format of proactive reviews, suggestions for starting points called PR triggers, and the four roles involved—the participant, sponsor, top management, and facilitator. The tangible and intangible results of proactive reviews are presented with their impacts on the participants, their teams, and the organization's products, services, and/or work practices. Finally, the chapter provides recommendations for implementing and maintaining proactive reviews in organizations.

EVALUATION VIABILITY OF AGRICULTURAL ENTERPRISES

2017 ◽  
Author(s):  
Viacheslav Pylypenko ◽  
◽  
Iryna Lytovka ◽  
Keyword(s):  
Factor Analysis ◽  
Practical Significance ◽  
Vector Model ◽  
Internal Factors ◽  
Factors Affecting ◽  
Agricultural Enterprises ◽  
Current State ◽  
Agricultural Enterprise ◽  
Technical Production

The article examines and systematizes factors affecting the viability of an agricultural enterprise (external: economic, political, legal, technological, climatic, socio-demographic, market) and internal factors (financial and economic, material and technical, production and technological, personnel and intellectual , innovative and environmental), which made it possible to substantiate the differences in the parameters for assessing the viability of an agricultural enterprise and, on this basis, build a three-vector model for assessing the viability of an enterprise for a targeted search for possible ways to increase its viability. An algorithm for assessing the viability of an enterprise has been built, including an assessment of the dynamics of indicators, their factor analysis and determination of the state of viability, which allows not only assessing the current state, but also predicting future development, which makes it possible for the enterprise to timely identify deviations and make informed management decisions. The practical significance of the obtained results of the study lies in the possibility of using the obtained theoretical and methodological provisions in the practical activities of agricultural enterprises to ensure their viability through the application in practice of evaluating the parameters that determine the viability of an enterprise as a tool for managing sustainable development.

scholarly journals Importance of preparing the audit report for the top management of an agricultural enterprise

2020 ◽  
Vol 45 (2) ◽  
pp. 21-27
Author(s):  
Maja Jokić ◽  
Dragana Popović ◽  
Slobodan Popović
Keyword(s):  
Top Management ◽  
Audit Report ◽  
Agricultural Enterprise

scholarly journals Mechanism of implementation of personnel policy at different stages of the life cycle of agricultural enterprises

2018 ◽  
Vol 20 (86) ◽  
pp. 92-96
Author(s):  
S.J. Voskobijnyk
Keyword(s):  
Life Cycle ◽  
External Environment ◽  
Scientific Article ◽  
Internal Factors ◽  
Personnel Policy ◽  
Agricultural Enterprises ◽  
Agricultural Enterprise ◽  
Labor Legislation ◽  
Growth Stability ◽  
Enterprise Activity

The set of external factors, such as: the unstable situation in the East of Ukraine, the state of the economic situation, the situation in the labor market, the labor legislation of our state; as well as internal factors: the goals of the enterprise, the style of management, the image of the enterprise, etc., directly affects the formation and activity of agricultural enterprises in general, and in particular, their personnel policy, without which no company can handle. After all, it is an integral strategy of personnel work, which combines various elements and forms of personnel work, whose purpose is to create a highly productive and highly professional, cohesive and responsible team capable of responding quickly to changes in the internal and external environment. That is why human resources policy needs to be modified in line with these factors and conditions in which it operates, and agricultural enterprises should push for new or improved mechanisms for its implementation. Taking into account the peculiarities of agriculture and the fact that all enterprises undergo such stages of the life cycle: creation, growth, stability, decline, in this publication a new stage is set, namely, the crisis stage of the functioning of an agricultural enterprise. As a result, the mechanism of personnel policy implementation has been improved, through the proposed measures at the new stage. Also reviewed are measures of personnel policy at all other stages of the company's life cycle, proposed by other leading researchers. In the scientific article the essence of the concepts «personnel policy», «life cycle of the enterprise», «mechanism», «mechanism of implementation of personnel policy of the enterprise» is explained; the stages of the life cycle of enterprises proposed by leading scientists are considered; A new crisis phase of the life cycle of agricultural enterprises is highlighted, the process of enterprise activity is described at various stages of its life cycle, the proposed measures of personnel policy, and the improvement of the mechanism of its implementation in agricultural enterprises.

scholarly journals Financial analysis as a part of financial management reporting arising from internal audit recommendations in enterprises

2021 ◽  
Vol 18 (3) ◽  
pp. 127-142
Author(s):  
Sonja Tomaš-Miskin
Keyword(s):  
Financial Management ◽  
Financial Analysis ◽  
Internal Audit ◽  
Business Owners ◽  
Internal Controls ◽  
Top Management ◽  
Internal Auditors ◽  
Business Results ◽  
Management Function ◽  
Management Reporting

Financial analysis is part of the overall reporting, primarily financial management, and then top management in companies. The initiative to initiate financial analysis can come from the following parts of the broader management function of the company: internal controls, internal audits, top management, external audits, government agencies, shareholders, business owners and others. In this paper, the authors paid special attention to the importance of the initiative that originated from the company's internal auditors. In addition, the authors point out the importance of shaping and creating the very basis of financial analysis in companies in order to make a usable model of the proper functioning of reporting to the top management of a large number of companies. The aim of this paper is to show the advantages of properly setting up a financial management reporting system. In addition, proper top management reporting can contribute to creating better business results in the company.

Organizational Capacity for Export Activities: How Important it is to Accomplish Positive Business Results?

2017 ◽  
Vol 1 (2) ◽  
pp. 288
Author(s):  
Helena Miloloža
Keyword(s):  
Organizational Capacity ◽  
Local Market ◽  
Global Business ◽  
Business Decisions ◽  
Business Results ◽  
Standard Procedures ◽  
Negative Effect ◽  
A Company ◽  
Positive Effect

<p class="KeywordsTitle">In a diversified global business, there is presence of international competition and many hidden risks. Still, internationalization of business represents the only sustainable long-term strategic choice for a company. Since the organizational capacities are recognized as the only irreplaceable resource in a company, their relevance emerges in modern economy. However, business praxis is such that only one person is responsible for most business decisions in a company, especially smaller ones. Therefore, export often represents a secondary activity because the management is limited to leading the businesses on the local market. Consequently, the goal of this paper is to test the consistency of organizational capacities involved around export activities, as well as their influence on the export result. Survey, researched on a sample of export companies in Croatia, showed that organizational capacities for export activities have a two sided effect on business. In fact, the support of management in bringing different, risky decisions have a negative effect, while controlling standard procedures and encouraging creativity and efficiency of employers have a positive effect.</p>

scholarly journals Pengaruh Opini Auditor dan Pertumbuhan Penjualan Perusahaan pada Nilai Perusahaan

2019 ◽  
pp. 1103
Author(s):  
Ketut Ita Diantari ◽  
I Ketut Suryanawa
Keyword(s):  
Firm Value ◽  
External Factor ◽  
Practical Implication ◽  
Reference Source ◽  
Sales Growth ◽  
Internal Factors ◽  
Business Decisions ◽  
Industry Sector ◽  
Analysis Technique ◽  
Positive Effect

The study was conducted to identify and test empirically the influence of auditor opinion which is an external factor, and sales growth which is the company's internal factors on the firm’s value. The study was conducted on consumer goods industry sector companies for the period 2013-2017. Samples totaling 17 companies was selected purposively, so that 85 observations were obtained. The data analysis technique used is multiple linear regression. The results of the study show 1) the auditor's opinion does not affect the firm's value. 2) Company sales growth has a positive effect on firm’s value. Based on the results obtained, the research has theoretical implications, that is, it can support signal theory and become another research reference source related to firm’s value. The practical implication is to be considered by investors, creditors, and other interested parties in making business decisions. Keywords: auditor opinion, company sales growth, firm value

scholarly journals HOW ATTITUDES, VISION AND ABILITY TO CAPTURE OPPORTUNITIES AFFECT STARTUPS’ BUSINESS CREATIVITY

2020 ◽  
Vol 13 (2) ◽  
pp. 387-405
Author(s):  
Pedro Palos-Sanchez ◽  
José Ramón Saura ◽  
Antonio Grilo ◽  
Rafael Robina Ramirez
Keyword(s):  
Current Literature ◽  
Predictive Power ◽  
Online Questionnaire ◽  
Internal Factors ◽  
Business Decisions ◽  
Preliminary Step ◽  
New Findings ◽  
Business Opportunities ◽  
Main Factors ◽  
Practical Implications

This article examines the main factors that affect creativity in startups and how these factors influence entrepreneurial initiative strategies. Fifty individuals from the Extremadura region, Spain, participated in an online questionnaire in 2018 and 2019. SmartPLS was used to create a model of the interactions between variables. The results obtained have important theoretical and practical implications as they add new findings to the current literature on the role played by different factors in the creativity processes used by startups. The model has a strong predictive power (R2 = 42.7%). This work describes internal factors such as the improvement in intellectual and attitudinal skills for identifying business opportunities as a preliminary step to taking creative business decisions, as well as shaping the future by coordinating potential efforts and actions.

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