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1
Zavitii, Olha. "THE ROLE OF FINANCIAL DIAGNOSTICS IN THE ENTERPRISE ACTIVITY." Institute of accounting, control and analysis in the globalization circumstances, no. 1-2 (June 4, 2021): 33–41. http://dx.doi.org/10.35774/ibo2021.01-02.033.
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Introduction. One of the most important conditions for ensuring the proper functioning and development of the entire sphere of entrepreneurship is the economic security of enterprises, and an important part of this process is the diagnosis of the financial condition of economic entities. Diagnosis is the main tool that allows you to objectively assess the internal and external parameters of the enterprise, to investigate economic processes in their relationship. The use of an effective mechanism of financial activity allows at an early stage to detect violations of proportions in the phases of the cycle of capital circulation in the enterprise and to establish the reasons that caused them. Methods. During the preparation of the article, a systematic approach to the study was used, which allowed to assess the state of implementation of financial diagnostics in the domestic business practice; the method of theoretical comparison for improvement of legislative regulation and directions of procedures of financial activity; the method of expert assessments - in the development of organizational provisions for the implementation of the mechanism of financial diagnostics in Ukraine. Results. The article identifies the importance of diagnosing the financial condition of the enterprise, considers the nature and necessity of a systematic analysis of the financial condition of the enterprise. The essence of the concept "diagnostics", "financial condition" is considered in the proposed article. Peculiarities of effective management of the financial condition of the enterprise in the conditions of market economy of Ukraine and the role of economic diagnostics in the activity of the enterprise are determined. Discussion. Further research on the development of financial activities will be to substantiate the implementation of modern areas of assessment of the financial condition of economic entities, especially within the introduction of digital technologies. Keywords: enterprise, financial condition, financial activity, management, diagnostics, estimation, competitiveness, liquidity, solvency.
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Turova, Larysa, and Tetiana Gavrilko. "DIAGNOSTICS OF CRISIS CONDITIONS OF THE AVIATION ENTERPRISE." Three Seas Economic Journal 1, no. 2 (December 8, 2020): 42–47. http://dx.doi.org/10.30525/2661-5150/2020-2-7.
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The purpose of the article is to study the systems and methods of diagnostics of the crisis conditions of the aviation enterprise, to justify the role of controlling as a management accounting system in the detection and prevention of crisis phenomena, to clarify the mechanism and iterations of diagnostics of the crisis conditions taking into account the use of appropriate management systems. Methodology. The key provisions of economic and financial theory, methodological and methodological principles of crisis diagnosis of enterprises, presented in the works of Ukrainian and foreign scientists, were used as the theoretical basis of the study. The application of a systemic approach allowed to analyze the essence of diagnostics of crisis conditions, its purpose and objectives. The methods of logical generalization used in the research process allowed to formulate the conclusions on the conditions for the effective implementation of diagnostics of crisis conditions based on improving of the functioning of management accounting systems and management systems. Results. The study allowed us to analyze the factors that causing crisis conditions in the aviation industry. The main methods for diagnosing crisis conditions are analyzed placing emphasis on the special place that belongs to management accounting and the use of management systems when diagnosing crisis conditions. The basic provisions of effective organization of management accounting at aviation enterprises to form the information base at development of the strategy for crisis prevention or recovering from crisis conditions are defined. The peculiarities of diagnostic analysis of the financial condition of the enterprise as a system of diagnostic methods are identified; on the basis of a systemic approach, they allow to establish causal changes in the economic system through quantitative and qualitative measurement of the influence of factors on adjustments and development. Features of different types of diagnostic analysis depending on the hierarchy in the management system, goals and directions of analysis, as well as the availability of information about the problem areas of the enterprise, are discussed. Tasks that need to be implemented to achieve the goal of diagnostic analysis are specified. The necessity of diagnostics of possible crisis conditions of the aviation enterprise with simultaneous risk research and its influence on financial stability of the investigated object is justified. The system of indicator values for diagnostics of a financial condition of the aviation enterprise is offered. The sequence of calculations for the implementation of monitoring and controlling process of the financial condition of aviation enterprises is presented. Practical implications. The approach for diagnosing financial condition of the enterprise, which allows to identify the symptoms and threats of the financial crisis and to develop the policy for prevention (anticipation) of weak signals of a crisis situation based on the analysis, is justified. The conditions of effective application of management accounting systems on the basis of monitoring and controlling and modern methods of diagnostics of the financial condition of aviation enterprises are determined. The directions for improvement of analytical activity on the basis of information systems and technologies for the aviation industry are justified. Value/originality. Results given in the article can be used for further research on the problem of diagnosing the crisis conditions of aviation enterprises.
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Dotsenko, V., T. Kosova, and O. Yaroshevska. "ECONOMIC DIAGNOSTICS OF FINANCIAL AND PROPERTY CONDITION OF HOTEL AND RESTAURANT ESTABLISHMENTS." Agrosvit, no. 11 (June 18, 2020): 42. http://dx.doi.org/10.32702/2306-6792.2020.11.42.
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Voskresenska, T. І. "The Information and Analytical System of Financial-Economic Diagnostics: Features of Objects Selection." Business Inform 12, no. 527 (2021): 306–11. http://dx.doi.org/10.32983/2222-4459-2021-12-306-311.
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The study focuses on the fact that the negative impact of some changes in the global financial and economic system, of course, is reflected in the choice of diagnostic objects, which is carried out in order to form an effective information system for the adaptation of economic entities to real conditions of functioning. The features of the selection of diagnostic objects, which are determined by the purpose, goals, objectives set in the design or acquisition of a diagnostic system of a particular economic system, are considered. It is noted that with the objects of diagnostics at the micro level, scholars mainly include the potential of the enterprise together with the appropriate subspecies (financial, personnel, production-technical, economic). Based on the study of the approaches of scientists, as well as the author’s own research on the choice of diagnostic objects, it is argued that these include: amalgamation of States, country, region, territorial community (TG) or amalgamated hromada (AH), industry, enterprise. Also, the carried out research reveals and visually demonstrates the hierarchical subordination of objects for diagnosing economic systems. It is determined that the objects of diagnostics presented in the study are interrelated and can affect each other. The article states that methodical and constructive content (choice of methods, procedures, coefficients, format of submission of results, etc.) of the diagnostic system depends on the choice of the object or groups of objects. It is considered that at each of the stages of diagnostics, to a certain extent, the qualitative and quantitative characteristics of the object are taken into account, which decisively affect the production of initial information by the diagnostic system and its application in making managerial decisions. It is proved that depending on the selected object of diagnostics, the diagnostic indicators of both internal and external will differ, and so will be their optimal values. It is noted that the indicators of diagnostics of the relevant object should be correlated with each other in order to obtain relevant information for the effective management of the object of diagnostics and forecasting the possible consequences of its change when changing a particular indicator
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V. Naydenova, M., N. N. Bontsevich, and V. K. Sidelnikova. "Modern Concept of the Financial Strategy of Transport Industry." International Journal of Engineering & Technology 7, no. 4.3 (September 15, 2018): 617. http://dx.doi.org/10.14419/ijet.v7i4.3.19969.
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The paper states theoretical and methodological issues of financial strategy’s formation of the enterprise under modern conditions of economic development. The key problems of the river ports development are determined. Among them - shortage of service equipment, logistic disparity of transport river networks, obsolete vessels. Ways of improving the financial condition of water transport and ports in Russia are suggested.The article specifies that the strategic management of the company's finances can rule over cash flows, capital and investments effectively. The starting point for formation of financial strategy of water transport enterprises should be diagnostics of financial activity and first of all, diagnostics of financial maintenance of the enterprise. A new methodical approach to the formation of the cash flow management strategy of water transport enterprises is proposed. It includes two main stages: a stage of a strategic analysis of the company's cash flows with use of organizational and information model and aanalysis of diagnostics of financial security of water transport enterprises. It is proved that financial strategy is the guiding vector of management of the enterprise and its industrial and economic activity in a modern, dynamic and competitive market environment.
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Smirnova, Elena Aleksandrovna, and Elena Evgenevna Mashyanova. "SOME ASPECTS OF REGIONAL FINANCIAL SECURITY DIAGNOSTICS." Scientific Bulletin: finance, banking, investment., no. 4 (53) (2022): 37–46. http://dx.doi.org/10.37279/2312-5330-2020-4-37-46.
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In modern conditions, the achievement of dynamic growth of the real sector of the economy is a condition for ensuring financial security, both for the state and the region, since it is directly related to filling the budget from the profits of material production industries. The article defines various interpretations of the concept of «financial security» by scientists. Given the theoretical analysis suggested that the financial security of the region should be understood such as financial, budgetary, banking, insurance, currency, tax, investment systems in the region, which creates a high level of protection of all financial interests and minimize external and internal threats with the help of special tools. Indicators of diagnostics of financial security of the region are presented, which will help to identify the most critical threats and develop measures to improve and overcome the current situation, as well as the main directions of assessing the financial security of the region. Scientific studies have shown that certain requirements are necessary for the qualitative characteristics of financial security indicators. The set of indicators should be comprehensive and consistent and should help to analyze the regional financial system from the point of view of its economic security. For these purposes, a block of basic indicators should be formed, which will provide a foundation for conducting an analysis of the financial security of the region, which allows us to formulate that the indicators of financial security indicators should be combined into a two-level system. Based on the study, a system of principles for selecting indicators of financial security in the region is defined.
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Gorchakova, Olesya Yur'evna, Anastasiya Vyacheslavovna Larionova, and Natal'ya Viktorovna Kozlova. "Modern economic behavior: attitudes, representations and psychological characteristics of youth." Психология и Психотехника, no. 4 (April 2021): 15–32. http://dx.doi.org/10.7256/2454-0722.2021.4.36778.
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The subject of this research is the peculiarities of economic behavior, namely economic attitudes (activity in the economic sphere, financial literacy, trust in economic institutions, etc.) and representations (concept of money, shortage of money resources, financial security, solutions to financial problems). The goal lies in determination and description of the economic behavior (economic attitudes and perception of money) and their correlation with the psychological characteristics of young people (self-regulation of stressful states and resilience). The research involved young people under the age of 35. The following toolset was used: “Questionnaire for instant diagnostics of economic attitudes” developed by O. S. Deinek, E. V. Zabelina, “Diagnostics of stress condition” developed by A. O. Prokhorov, “Test for resilience” adapted by E. N. Osin, E. I. Rasskazova.. As a result of the conducted research, the author determines various patterns of the economic behavior of youth, as well as correlation of economic attitudes and perception of money with the psychological resources of a person. It is established that youth with an active economic position, financial literacy, and trust in economic institutions is characterized with the ability to adequately assess stressful circumstances and effectively cope with stress. Youth with an attitude towards socioeconomic comparison of own opportunities with others, as well as with passive adaptation to the market conditions experiences strong discomfort due to economic inequality. The author reveals that young people are exposed to stressful situations and anxiety in the situations of uncertainty and financial risks.
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Silakova, H., O. Vialets, T. Batrakova, O. Mykhailenko, and O. Ovdii. "Strategic diagnostics in the system of controlling the financial results of the enterprise." Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu, no. 2 (April 30, 2022): 154–58. http://dx.doi.org/10.33271/nvngu/2022-2/154.
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Purpose. To create a mathematical model and approaches for the formation of optimal management actions on the basis of strategic diagnostics data and to use them to form an effective algorithm of strategic diagnostics in the system of controlling the financial results of the enterprise. Methodology. General and special methods of cognition were used during the study. The scientific economic approach to the implementation of the method of scientific abstraction was used to substantiate the relevance of the topic, purpose and tasks of the study, analysis of the impact of the use of strategic controlling systems on the financial condition of the enterprise. The method of analysis and synthesis and the method of induction and deduction were used to develop an algorithm for strategic controlling of the financial activity of the enterprise. The method of economic modeling was used for a formalized description and strategic forecast of the effectiveness of the strategies selected according to the controlling data. The method of comparison was used to analyze the pace of financial results and forecast the results of the extractive industry and the development of quarries by region. Findings. The mathematical model and approaches have been developed using the entropy method and the time series method for comparative analysis of variants of complex application of management solutions for the formation of optimal management actions based on strategic diagnostic data. An algorithm of strategic diagnostics in the system of controlling the financial results of the enterprise was created. The proposed vector criteria, their rate of change detected during the controlling, and their threshold values become an indicator that the current financial and production condition of the enterprise requires decisions to neutralize risks and improve the financial condition of the enterprise. Originality. The proposed mathematical model and approaches were first used to analyze the directions of strategic diagnostics in the system of controlling the activities of the enterprise. For the first time, a system of vector criteria for determining the need for management decisions to improve the financial condition of the enterprise has been proposed. The algorithm of realization of strategic controlling of financial activity of the enterprise is introduced. Practical value. The developed algorithm and mathematical apparatus can be used both for scientific purposes and in practical work by the management of enterprises of various industries. The effectiveness of the developed mathematical methods and the proposed algorithm is tested on forecasting the activities of mining enterprises and quarry development for Kyiv, Mykolaiv and Odesa regions of Ukraine.
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Faizuloyeva, Nargis, and Karolina Olechowska. "Financial Condition and Bankruptcy Likelihood in Aviation on the Example of the Aeroflot Company." Financial Internet Quarterly 17, no. 4 (December 1, 2021): 50–69. http://dx.doi.org/10.2478/fiqf-2021-0027.
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Abstract This study analyses theoretical aspects of bankruptcy and financial analysis. Analysis of bankrupt cy diagnostics is the most important condition for successful company management since the results of economic activity depend on the availability and efficiency of the use of financial resources. The study of the institution of bankruptcy is essential for high-quality business conduct. Thus, as a practical part this study implemented analyses of financial condition and bankruptcy likelihood in aviation on the example of one of the biggest airlines – PJSC Aeroflot. Research resulted in findings confirming the instability of the company’s financial condition and downward trend on the Z index related to decrease in demand, mostly due to the pandemic of COVID-19.
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Berhanir, Inna. "Diagnostics of the Formation of Financial Capital of Business Entities." Modern Economics 25, no. 1 (February 23, 2020): 6–11. http://dx.doi.org/10.31521/modecon.v25(2021)-01.
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Abstract. Introduction. It has been established that the availability of opportunities for mobilizing financial capital is a determining factor in increasing financial potential, ensuring competitive advantages and stable economic development of business entities. A streamlined and efficient process of forming the financial capital of an enterprise allows you to maximize its market value, ensure financial stability and profitability, and minimize the risks of financial and economic activities in the long term. Purpose. The purpose of the article is to study the theoretical provisions and develop practical recommendations for improving the process of forming the financial capital of business entities in modern conditions. Results. The structure of financial capital of Ukrainian enterprises by branches of the economy has been investigated. Changes in the structure of sources of formation of financial resources of Ukrainian enterprises are analyzed, and the main factors that have entailed these changes are considered. The analysis of the dynamics of profitability indicators as the main source of formation of own financial resources of Ukrainian enterprises is carried out. It is proved that an important role in stimulating reproduction processes in the economy is played by bank lending as the main source of financial resources for the current and investment activities of the subjects. The dynamics of the volumes of credit investments of Ukrainian banks was investigated, and the share of overdue loans in the total amount of loans was determined. Conclusions. In modern economic conditions, the optimization of the sources of financial resources of Ukrainian enterprises should be based on the criteria of the latter’s sufficiency, the optimality of their ratio depending on the industry characteristics and specific business conditions, the economic feasibility of attracting them and efficiency. Keywords: financial capital; bank credit; financial resources; profit; liabilities; equity.
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Євтушенко, М. В. "МЕТОДИ МЕНЕДЖМЕНТУ ЕВМ У ФІНАНСОВІЙ ДІАГНОСТИЦІ ЕФЕКТИВНОСТІ УПРАВЛІННЯ ВАРТІСТЮ СУБ’ЄКТІВ ГОСПОДАРЮВАННЯ." TIME DESCRIPTION OF ECONOMIC REFORMS, no. 1 (April 12, 2019): 76–81. http://dx.doi.org/10.32620/cher.2019.1.10.
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In the conditions of increasing uncertainty of the market environment, ensuring the stable reproduction of the cost of economic entities, the use of appropriate management tools, in particular, financial diagnostics, is updated. The purpose of the research. To substantiate expediency of introduction of management methods on the basis of expectations (ЕВМ) for carrying out of financial diagnostics of efficiency of activity of economic subjects. The subject of the research is the theoretical positions and methodical approaches to the formation of the system of financial diagnostics in the management of the cost of economic entities in the light of market expectations. Methods used in the research: scientific knowledge, induction, systematization and theoretical generalization. The hypothesis was that the consideration of the influence of market expectations in the process of enterprise management is the basis of the development of methodological principles of financial diagnostics in the management of the value of economic entities on the basis of the use of management methods of the EBM. Presenting main material. On the basis of the research results, the approaches and the system of indicators for the implementation of financial diagnostics and assessment of the effectiveness of activities (operational, financial, investment) of economic entities are proposed. The originality and practical value of the research is to substantiate the methodical provision of financial diagnostics of cost-oriented enterprises: the management methods of the EBM, the system of indicators and criteria for assessing the economically added value and efficiency of the activity. Conclusions of the research. The use of EBM management techniques and financial diagnostics allows you to determine the deviation of the internal cost from the market and make appropriate management decisions regarding investments.
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Tomšík, P., and E. Svoboda. "Diagnostics and decision-making of the company management within the period of economiccrisis and recession." Agricultural Economics (Zemědělská ekonomika) 56, No. 7 (July 20, 2010): 303–9. http://dx.doi.org/10.17221/53/2010-agricecon.
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Enterprises are socio-economic entities with bonds to their environment. Their economic health is evaluated by the means of adequate diagnostic methods. When evaluating a processing business as a living organism, these diagnostic methods enable to determine their health condition. These business entities pass through individual stages of their life cycle and, in real time, their momentary condition corresponds with the homeostasis existing between the company's system and its environment. A diagnosis defined by the means of diagnostic methods must help to implement the goals which lead, on the base of business management activities, to the generation of an adequate response to the given momentary situation existing in the diagnosed enterprise. The definition of a proper diagnosis is important especially in those periods when the enterprise passes through its life crisis under the conditions of market recession. This scientific paper presents data formulated within the framework of research focused on the analysis of managerial, financial and economic risks and on the methods of their solution within the framework of strategic business management in a new business environment as influenced by the phenomena resulting from the integration processes, development of information technologies and factors of globalisation. This diagnostic method was applied when analysing in detail the operation of a company producing bioveterinary drugs and preparations. Keywords: diagnostics; homeostasis; crisis management; business environment
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Bychkov, N. A., V. V. Metlitsky, and N. V. Artyushevsky. "Method for assessment of financial status of agricultural companies and diagnostics of critical situations." Proceedings of the National Academy of Sciences of Belarus. Agrarian Series 57, no. 1 (February 15, 2019): 38–50. http://dx.doi.org/10.29235/1817-7204-2019-57-1-38-50.
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In modern economic conditions, efficiency and quality of assessment of prospects for development of business entity are the key to the best timely management decision making, contributing to increase in efficiency of economic entity. Efficient methods for assessing the financial status of agricultural companies and diagnosing critical situations allows to determine the threat of bankruptcy at the earliest stages and to use all the possibilities to neutralize it. Improving the methodology for conducting financial analysis of companies’ solvency in order to identify symptoms of crisis situations in organizations of agro-industrial complex more accurately and timely through the development of new diagnostic methods adapted to the existing conditions of economic activity is an urgent task of scientific research of local and foreign researchers. Probability of eliminating the consequences of negative impact on the economy of companies of agro-industrial complex depends on timely and accurate diagnostics of critical situations. The paper dwells on the areas of improvement of methodological approaches for assessment of financial status of agricultural companies. Taking into account the generalization of local and foreign experience, new models and directions for improving the methods for assessment of the financial status of agricultural companies and diagnosing economic insolvency (bankruptcy) existing in the country are proposed, including features for assessing the financial status of peasant farms. The problems discussed in the paper are of interest within the framework of the developed model of fundamental diagnostics based on the method of expert assessments of the major risks probability, which impact can adversely affect the financial status of an agricultural company and lead to economic crisis, as well as method for assessing the economic efficiency and financial status of peasant (farm) business, taking into account specifics of accounting and specifics of agricultural production.
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LIUBOKHYNETS, Larysa, Tetyana KATKOVA, and Yurii KRAVCHYK. "ANALYSIS OF FINANCIAL AND ECONOMIC PREREQUISITES FOR ENSURING ECONOMIC SECURITY OF INDUSTRIAL ENTERPRISE." Herald of Khmelnytskyi National University. Economic sciences 304, no. 2(1) (March 18, 2022): 167–73. http://dx.doi.org/10.31891/2307-5740-2022-304-2(1)-23.
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The purpose of the study is to introduce the author’s methodological approach to analyze the prerequisites for economic security of industrial enterprises, the formation on this basis of conclusions for priority areas of policy to strengthen it. The urgency of the problem of development of methods of analysis, monitoring and diagnostics of economic security of industrial enterprises is revealed. It is argued that the observation of the financial and economic condition of the enterprise allows to identify the prerequisites for the economic security of the industrial enterprise. The practical significance of the study is that the indicators of financial and economic condition of the industrial enterprise are revealed; the results of the analysis of the general economic and investment activity of the industrial enterprise are given; indicators of profitability and capital turnover of an industrial enterprise are analyzed; the characteristic of indicators of solvency and structure of assets of the industrial enterprise is resulted; the capital structure is revealed and the potential of the industrial enterprise to compensate for its possible losses is assessed. The obtained results are characterized from the standpoint of prerequisites for ensuring the economic security of an industrial enterprise. The comparative characteristics of financial and economic indicators of the enterprise and average industry values are given. Problematic aspects of economic security of an industrial enterprise have been identified. The scientific novelty of the study is that the methodological approach to the analysis of economic security of an industrial enterprise has been further developed, namely the method of analyzing the financial and economic prerequisites for ensuring the economic security of an industrial enterprise has been developed. Research methods – structural-logical and semantic analysis, statistical analysis, quantitative and qualitative comparison.
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Frolov, Alexander Vitalyevich, and Elena Ivanovna Kostyukova. "Internal control as a factor in detecting bankruptcy of a commercial organization in the current economic environment." Buhuchet v sel'skom hozjajstve (Accounting in Agriculture), no. 8 (August 28, 2020): 46–53. http://dx.doi.org/10.33920/sel-11-2008-05.
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The article presents acute problems that arise in modern enterprises in the Russian Federation. The main problem is that owners do not understand the importance of planning financial results. Often companies face crises, fall into a financial «moat», thereby losing their solvency, in other words, go through bankruptcy procedure. The main stages of diagnostics construction and implementation of bankruptcy procedure are considered; as well as indicators that characterize the financial condition of a commercial organization, their relevance and significance for the analysis of the financial condition of an economic entity. In modern practice, many models of bankruptcy assessment and analysis are used, based on various principles and methods. The analysis of theoretical and practical information, as well as the factor of detecting bankruptcy, is carried out. The purpose of internal audit is to identify the actual situation, conduct an expert assessment and draw up a plan to improve the situation.
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Mantserova, T. F., and D. A. Lapchenko. "The Main Approaches to Economic Diagnostics of the Power Engineering Enterprises." ENERGETIKA. Proceedings of CIS higher education institutions and power engineering associations 62, no. 4 (August 2, 2019): 362–76. http://dx.doi.org/10.21122/1029-7448-2019-62-4-362-376.
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The features of economic diagnostics of power engineering enterprises in the Republic of Belarus are considered. Accounting and analysis of the activities of enterprises of the power system in the emerging energy market requires improving approaches of economic monitoring. This can be achieved through a comprehensive system of economic diagnostics of the enterprise. The structure of economic diagnostics is represented by three elements, viz.: rapid diagnostics, diagnostics of bankruptcy and complex diagnostics of the economic condition, each of which has its own purpose and objectives of the study, as well as its own content of the reports to be analyzed reporting and of analytical procedures to be fulfilled. The choice of methods of economic diagnostics also depends on the stage of the life cycle of the enterprise. But it is the specificity of the type of economic activity that has a major impact on the diagnosis. The article describes the specific features of using methods of express-diagnostics, diagnostics of bankruptcy based on multivariate models as well as of integrated diagnosis of power utilities (by example of “Oblenergo” enterprises). The study demonstrated that the use of universal financial ratios in rapid assessment and models for assessing the risk of bankruptcy for domestic energy enterprises is not quite suitable, since these methods do not take into account the existing specifics of the structure of the capital of the organizations of power engineering system. The authors came to the conclusion that each of the approaches to diagnosis makes it possible to evaluate only individual criteria of the state of the economy of the organization. To improve the efficiency of analytical work at the enterprises of the power system, it is necessary to improve diagnostic procedures taking into account the technological features of production and the influence of factors of the external and internal environment. Only a comprehensive diagnosis can give a comprehensive unbiased assessment of the enterprise at all stages of its life cycle.
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Zachosova, Nataliia, and Nataliia Babina. "DIAGNOSTICS BY FINANCIAL REGULATORS OF FINANCIAL INSTITUTIONS PREPAREDNESS TO THE IMPLEMENTATION OF ECONOMIC SECURITY MANAGEMENT." Baltic Journal of Economic Studies 4, no. 4 (September 2018): 106–15. http://dx.doi.org/10.30525/2256-0742/2018-4-4-106-115.
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In the conditions of the financial system destabilization in Ukraine, caused by such negative phenomenaas military actions in the East, the economic downturn, political and financial crises, population disappointment inthe institution of power and loss of the people’s confidence in power structures and so on, market mechanisms arenot able to ensure the restoration of the national financial market and to encourage its professional participantsto use mechanisms of protection their own assets and the assets of their clients from external and internal threatsactively. State interference in the functioning of financial institutions is necessary, especially for those of their types,whose bankruptcy may have fatal consequences for the welfare of the population and cause the liquidation ofeconomic entities of the domestic economy. Among them are: banks, insurance companies, credit unions, andother institutions of credit co-operation, investment companies, in particular, joint investment institutions (unit andcorporate investment funds), non-state pension funds, leasing, factoring, and other financial companies, pawns,etc. Therefore, it is expedient to consider the possibility of the influence of state regulators in financial servicesmarkets on the state of their participants’ economic security. However, the study of the realities of the financialmarket of Ukraine development has made it possible to assert that for a number of financial institutions, the conceptof economic security is something abstract, and the understanding by their top management the importanceof economic security management, taking into account the negative market trends, is completely absent.So, the purpose of this study is to diagnose the level of financial institutions preparedness for the implementationof economic security management into their common system of management. The high level of financial marketparticipants’ readiness for safe-oriented management will allow regulators to rapidly implement in their practicea list of recommendations that will minimize the threat of bankruptcy and liquidation of domestic financialinstitutions. Methodology. In the process of preparing a scientific article, a great number of literary sources wasconsidered. Some of them were developed using the method of theoretical generalization and the monographicmethod. The theoretical results presented in the research materials were obtained on the basis of the study ofworks of such scientists as Amadae S. M., Baily M. N., Elliott D. J., Ismail Z., Johnson K. N., Mirtchev A., Nelson J. A.,Raczkowski K., Schneider F., Sidek Z. M., Ula M., Whalen C. J., Wierzbicka E., Yong J. To confirm the reliability of thescientific results presented in the article, the authors used the Delphi method and expert evaluation. The list ofindicators for assessing the level of financial institutions readiness for the implementation of a mechanism formanaging economic security in the following five areas is formed. These areas are: the availability and conditionof the economic security system, the state of information and analytical support for the adoption of managementdecisions in the field of economic security, the state of intellectual and personnel management provision ofeconomic security, reserves of financial support of economic security, the level of external influence on the stateof economic security (state regulation and supervision). In May 2018, representatives of the top management ofvarious types of financial institutions, scientists, researchers, and analysts who were interested in the issues ofeconomic security management of the financial sector were interviewed. Their answers were analysed and the levelof readiness for managing the economic security of the most common types of financial institutions in the financialmarket of Ukraine was determined. Using the graphical method, the obtained scientific results are presented ina convenient and understandable form for the perception of all interested persons. Results of the survey. The necessityof carrying out diagnostics of the readiness to manage economic security at the level of state regulatory bodies andat the level of top management of financial institutions in the near future is substantiated. A large-scale analytical work was carried out on determining the parameters of financial institutions readiness for the continuous and professional economic security management, which should be carried out with the use of a systematic approach. Based on expert opinions, a preliminary assessment of the various types of financial intermediaries’ readiness to integrate security-oriented management into the financial institutions’ common management system was made. Practical implications. The proposed methodological approach for assessing the level of financial institutions readiness to manage their own economic security should be used by the state regulators of the financial market, in particular, by the National Bank of Ukraine and the National Commission, which performs state regulation in the field of financial services markets, to monitor the activities of professional financial market participants in order to conduct advisory and consultative work with their owners and managers, as well as for the development of strategic guidelines for the provision of the state financial security. It is desirable to implement into the practical activities of financial intermediaries our proposals for increasing the readiness for implementation of the economic security management mechanism in the existing systems of management. Value/originality. For the first time, a scoring methodology was prepared for assessing the level of financial institutions readiness for the implementation of economic security management as an independent direction of management, and not as one of the tasks of other types of their management activity. At the theoretical level, the substantive interpretation of the notion of the readiness of financial institutions to manage their own economic security is proposed. The reasons for the impossibility of the modern financial institutions to manage their own economic security effectively are identified, and a few suggestions to minimize their number in the near future were made.
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Mihus, Iryna Petrivna, Liudmila Mykolayivna Akimova, and Elena Anatolievna Harnyk. "DIAGNOSTICS OF THE STATE OF FINANCIAL SECURITY OF UKRAINE." SCIENTIFIC BULLETIN OF POLISSIA, no. 3(15) (May 3, 2018): 12–18. http://dx.doi.org/10.25140/2410-9576-2018-3(15)-12-18.
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Urgency of the research. The transition to the market in Ukraine led to changes in the sphere of economic relations, which are characterized by a high level of instability. Signifi-cant changes that have occurred in recent years have also created new threats to the domestic economy, necessitating the diagnosis of Ukraine's financial security. Target setting. The welfare of each state primarily de-pends on the stability of its financial system, which is provid-ed through the timely diagnosis of its threats and response to them. Actual scientific researches and issues analysis. The issues of financial security of the nation, as an economic component, the principles of the formation of a system for ensuring financial security were revealed in the works of domestic and foreign scientists, namely in the works of A. Baranovsky, V. Geyets, M. Yermoshenko, J. Zhalilo, B. Karpinsky. A. Sukhorukov, A. Shevchenko and others. Uninvestigated parts of general matters defining. In the conditions of cyclical economic fluctuations, which are characterized by a high degree of uncertainty, it is of acute necessity to diagnose the financial security as a component of the state's economic security. The research objective. The purpose of the article is to conduct a diagnosis of Ukraine's financial security and identi-fy the threats that affect it. The statement of basic materials. The article analyzes both the dynamics of integral indicators of the components of financial security by the methodology of the Ministry of Economy of Ukraine for 2013 – 2017 and the dynamics of financial security indicators by the methodology of the Na-tional Institute of International Security Problems of Ukraine from 2013 to 2017, as well as distinguishes their shortcom-ings. There is proposed a system of measures to increase the level of financial security of the enterprises in Ukraine. Conclusions. Diagnostics of the level of financial security is a complex process of identifying, analyzing, eliminating and forecasting the emergence of internal and external threats to the state. Diagnosis of the components of financial security is the basis for developing a set of measures to counter threats and improve the level of protection of Ukraine.
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BORTNIKOVA, Mariana, and Yuliia CHYRKOVA. "Formation of the enterprise financial resources management conceptual model in the process of foreign economic activity implementation." Economics. Finances. Law, no. 10/1 (October 29, 2021): 9–12. http://dx.doi.org/10.37634/efp.2021.10(1).2.
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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.
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Vovchak, О., І. Kulyniak, L. Halkiv, М. Pavlyshyn, and Т. Horbenko. "DEVELOPMENT OF CRISIS DIAGNOSTIC AT THE ENTERPRISE: FINANCIAL AND ECONOMIC BREAKDOWN." Financial and credit activity: problems of theory and practice 3, no. 38 (June 30, 2021): 292–303. http://dx.doi.org/10.18371/fcaptp.v3i38.237459.
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Abstract. The activity of enterprises in modern economic conditions is exposed to threats caused by the uncertainty of the market environment. One of the options for overcoming the crisis and reducing the level of economic risk for enterprises is to develop and implement effective anti-crisis measures, which should be implemented comprehensively and using the results of the continuous diagnostics. That is the reason why the purpose of the study is to develop the theoretical and methodological provisions for building a system for diagnosing crisis situations of enterprises. Unlike other approaches to building such a system, the authors focus on the calculation of an integrated indicator, partial indicators of which reflect the level of crisis situations in the enterprise by areas of origin, taking into account the provisions of the balanced scorecard (BSC). Systematizing the research of scientific sources, as well as taking into account the provisions of the balanced scorecard (BSC), the authors propose to distinguish depending on the scope of four components of the financial and economic crisis in enterprises: financial, operational (production), staffing and marketing crisis. It is proposed to diagnose the crisis of the enterprise by determining the integrated indicator using the analytic hierarchy process (T. Saaty method) and expert survey (to calculate the severity of crises and indicators), as well as the method of rationing (to bring indicators of crisis diagnostics, which are different by types, to a single information orientation and dimension). The system of indicators of diagnostics of financial, operational, staffing and marketing crisis at the enterprises is formed and for their further rationing, their characteristic values are defined. To generalize the level of crisis in the enterprise, the authors proposed to use the universal Harrington scale. According to this scale, the authors identified five levels of crisis in the enterprise and provided their characteristics.
Keywords: crisis state, financial crisis, operational crisis, staffing crisis, marketing crisis, Balanced Scorecard (BSC), indicators of crisis diagnostics, analytic hierarchy process.
JEL Classіfіcatіon Q01, G32, H12
Formulas:19; fig.: 0; tabl.: 11; bibl.: 27.
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Lisnichuk, Oksana, and Shpakovska Olga. "Analysis of the financial status as effective instrument for controlling the future development of the enterprise." Economic Analysis, no. 29(4) (2019): 28–34. http://dx.doi.org/10.35774/econa2019.04.028.
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Introduction. The efficiency of the enterprise is determined by the stability of its financial condition. In the process of financial analysis, an information base is formed on the basis of which managers are able to make the right management decisions. Purpose. The purpose of the study is to highlight the main approaches to the analysis of the financial condition of the enterprise, to determine the directions of improving the efficiency of financial and economic activity of the enterprise. Method (methodology). The methodological basis of the research is the general scientific methods - the method of generalization, comparison and description, methods of systematization of data to determine the directions of increasing the efficiency of enterprise development. Results. In the course of the research, the concept of financial state of the enterprise are defined. The main purpose and tasks of the analysis of the financial state of the enterprise are considered. The basic directions of use of the information base for carrying out the diagnostics of financial condition are analysed. It is recommended to use anti-crisis measures to overcome the financial crisis in the enterprise.
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SUNGATULLINA, Liliya B., and Ilyuza I. MUZAFAROVA. "Economic diagnostics of accounts receivable and payable in the internal control system of the organization." International Accounting 22, no. 12 (December 14, 2021): 1425–48. http://dx.doi.org/10.24891/ia.24.12.1425.
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Subject. This article considers the methodological aspects of economic diagnostics of accounts receivable and payable in the system of internal control of the organization. Objectives. The article aims to highlight the elements of economic diagnostics of the organization's debt in the internal control system and develop methodological approaches to the assessment of accounts receivable and payable. Methods. For the study, we used analysis and synthesis, induction and deduction, as well as comparison, logical generalization, systemic reasoning, and analytical forecasting tools. Results. The article presents an author-developed methodology of economic diagnostics of resources in settlements in the internal control system of the organization. It is based on an algorithm for assessing the dynamics of the turnover of accounts receivable and payable and monitoring their mutual ratio, identifying debt collection reserves, monetizing and forecasting the repayment of current debts. Also, for the operational systematization of information and effective control over the rate of change in accounts receivable and payable, the article offers developed forms of management reporting. Conclusions and Relevance. The developed methodology for economic diagnostics of accounts receivable and payable helps, on the basis of information on the changes in mutual turnover of obligations in the context of counterparties, identify available financial resources, determine possible reserves for debt collection, and make payment predictions. The results of the study can be applied when organizing the internal control system of accounts receivable and payable in the context of assessing the financial condition of the organization.
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Kudrevich, Viktoriya, Oksana Trilitskaya, and Yuliya Pechak. "Updating Approaches to the Assessment of the Economic Security Level of an Enterprise." Regionalnaya ekonomika. Yug Rossii, no. 1 (May 2020): 234–43. http://dx.doi.org/10.15688/re.volsu.2020.1.21.
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The crisis conditions of economic development, the growth of the number of unprofitable enterprises, high level of bankruptcy and other unfavorable economic factors encourage the search for ways to improve the efficiency of economic entities and ensure their stable functioning. One of these areas is the provision of the economic security of an enterprise. The ways to ensure the economic security of enterprises have many features, so recently this problem has become a separate area of research. The purpose of the article is to determine and summarize the criteria and methods for the assessment of financial and economic security of domestic enterprises, establish the relationship between them on the basis of the analysis of existing scientific approaches. The paper presents the systematization and generalization of scientific works of many scientists, analyzes the existing conceptual apparatus of determining financial and economic security of an enterprise, and generalizes scientific approaches to the assessment of the level of financial and economic security at the macro level. The article analyzes the methods and approaches used to determine the level of economic security of a modern enterprise. The article defines the dependence between indicators of financial and economic activity of enterprises and a condition of their economic safety. The authors make the generalization of existing methods of assessing the economic security of an enterprise, analyze their features, and choose the methods which are expedient to the use in the diagnostics of economic security of a modern enterprise. The researchers analyze economic security of one of the largest enterprises of the Republic of Crimea – PJSC “Crimean Soda Plant” according to a set of indicators for the assessment of financial conditions and define the indicators and boundaries above (below) which the enterprise under analysis faces financial crisis. The prospect of further research in this direction is the choice of criteria (indicators) for the assessment of economic security of an enterprise, system of indicators charactering it, and methodological approaches determining the level of financial and economic security.
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Kovalenko, Olha, and Liudmyla Yashchenko. "Diagnostics of the State of Agricultural Enterprises Financial Security." Accounting and Finance, no. 1(91) (2021): 52–60. http://dx.doi.org/10.33146/2307-9878-2021-1(91)-52-60.
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In the conditions of rapid changes in the modern market environment, it is extremely important for agricultural enterprises to respond in a timely manner to threats to their financial security. Therefore, economic diagnostics is of significant methodological importance, and makes it possible to learn about economic problems and interpret the results of enterprises activity that have certain deviations from the norm or the state required for the enterprise. The subject of the study is a set of theoretical, methodological and practical aspects of diagnosing the state of financial security of enterprises. The purpose of the article is to diagnose the state of financial security of agricultural enterprises on the basis of the proposed methodological approach and to substantiate proposals for its improvement. The methodological basis of the diagnostics used in the study was: methods of theoretical generalizations, financial analysis, scoring method, analysis of dynamics and structure, linear programming. The article reveals the tasks and areas of management of Ukrainian agricultural enterprises with an emphasis on the protection of their specific financial interests – ensuring liquidity, solvency, financial stability, autonomy and others. For research purposes all Ukrainian agricultural enterprises were classified on the size of the net income. The system of indicators for diagnostics of financial security of the agricultural enterprises was offered. The basic structural elements of the mechanism of financial security management were substantiated. According to the diagnosis results, it was found that the state of financial security of large enterprises in 2018-2019 has deteriorated and it has had a negative impact on their solvency. Instead, the financial security of small and medium-sized enterprises has improved. Based on the experience of developed countries, proposals for public policy instruments to promote financial security of agricultural enterprises were proposed.
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Kondratenko, Nataliia Olehivna, Olena Vadymivna Kozureva, and Viktor Yuriiovych Stepanov. "ADAPTATION OF ANTI-CRISIS FINANCIAL MANAGEMENT OF INDUSTRIAL ENTERPRISES TO THE MODERN CONDITIONS OF ECONOMIC DEVELOPMENT." SCIENTIFIC BULLETIN OF POLISSIA, no. 4(16) (2018): 65–71. http://dx.doi.org/10.25140/2410-9576-2018-4(16)-65-71.
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Urgency of the research. Modern industrial enterprises carry out their production-economic and financial activity in the conditions of macroeconomic instability, uncertainty and high dynamic of the external environment. For this reason, there is an urgent need for continuous monitoring of the financial and property status of enterprises. Target setting. Characteristic features of the development of domestic industrial enterprises is the lack of effective management mechanisms; stagnation; lack of organization of management of labor, financial and material resources. During the last decade, the economic crisis has caught unexpectedly Ukrainian industrial enterprises, whose products make up the lion's share in the country's GDP. Actual scientific research and issues analysis. The basics of crisis management were studied in the writings of many prominent economists. Among them: M. Adamov [1], T. Gudz [2], L. Ligonenko [3], P. Pererva [4], O. Timoshenko [5], O. Tereshchenko [6]. Uninvestigated parts of general matters defining. Problems of adaptation of the crisis financial management of industrial enterprises to the current conditions of economic development have not been adequately covered and require more detailed elaboration. The research objective. The purpose of the article is to develop the mechanism of adaptation of the crisis financial management of industrial enterprises to the current conditions of economic development on the basis of diagnostics of financial capabilities of the object of crisis management. The statement of basic materials. The article deals with the problems of adaptation of the crisis financial management of industrial enterprises to the modern conditions of economic development. The ways of improvement of the anti-crisis financial management of industrial enterprises on the basis of diagnostics of financial possibilities of the object of crisis management are offered. The mechanism of adaptation of anti-crisis financial management of industrial enterprises is developed. Conclusions. On the basis of the study, the authors concluded that adaptation of the crisis management of industrial enterprises to the current economic conditions was made.
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Костирко, Лідія Андріївна, and Марина Вікторівна Євтушенко. "КОНЦЕПТУАЛЬНІ ЗАСАДИ ФІНАНСОВОЇ ДІАГНОСТИКИ В СИСТЕМІ ВАРТІСНО-ОРІЄНТОВАНОГО УПРАВЛІННЯ КОРПОРАЦІЯМИ." TIME DESCRIPTION OF ECONOMIC REFORMS, no. 4 (January 27, 2020): 42–49. http://dx.doi.org/10.32620/cher.2019.4.06.
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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.
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Kazakova, Natalia, and Anna Sivkova. "FINANCIAL SECURITY AND ECONOMIC DEVELOPMENT: METHODS OF ANALYSIS AND RISK MANAGEMENT (THE CASE OF RUSSIA)." EUrASEANs: journal on global socio-economic dynamics, no. 2(9) (March 30, 2018): 68–80. http://dx.doi.org/10.35678/2539-5645.2(9).2018.68-80.
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Under the conditions of today’s megarisks, the general level of instability of the world economy is only rising, the number of unprofitable organizations with overdue debts increases, and this creates additional threats to financial security of the states. In this regard, the presented research results have scientific and applied importance for risk management of financial security of economic entities on the basis of the suggested control and analytical concept. The suggested concept includes; monitoring, diagnostics, prevention of crisis situations, including bankruptcy, corporate fraud or financial irregularities in the economy. Accounting for the specifics of economic entities in the analysis, diagnostics and control of their activities is aimed at developing an effective management system for corporate fraud and bankruptcy prevention. The conceptual principles of information and analytical support, improved methods used in analyzing, evaluating and monitoring financial security contribute to the development of this methodology for economic analysis and control, ensuring their effectiveness and transparency. The comprehensive toolkit offered here for diagnosing financial security allows identifying the areas of increased bankruptcy risks, fraudulent actions or ineffective business management; unify the control process, thereby reducing labor intensity and improving the quality of control measures.
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Viknianska, A., D. Kharynovych-Yavorska, M. Sahaidak, A. Zhavoronok, and V. Filippov. "Methodological approach to economic analysis and control of enterprises under conditions of economic systems transformation." Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu, no. 4 (2021): 150–57. http://dx.doi.org/10.33271/nvngu/2021-4/150.
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Purpose. To substantiate the methodological approach to the development of research components of the integrated system of complex economic analysis and internal control of the enterprise. Methodology. The main methods of this research are statistical methods, the latter being used for processing of statistic data; methods of formalization and mathematical simulation used for development of conceptual analysis base to control the enterprises activity. Findings. A complex model of diagnostics of enterprises activity in a competitive environment is proposed, which is based on the methodology of complex economic analysis with the use of financial and non-financial indicators. To assess the competitive advantages of the enterprise, we offer an algorithm to calculate an integrated indicator of the level of its competitiveness using a balanced scoring system. Originality. In the course of research, the scientific and methodological approach to a complex evaluation of influence of a research component on development of competitive strategy of the enterprise was developed. Unlike the existing ones, this approach involves: - development of an integrated system of complex economic analysis and internal control over business processes of enterprises with the use of modern information technologies, which allows assessing their competitiveness, forming a development strategy; - methodical procedures of internal control of the enterprise with the use of financial and operational budgets and management reports based on a balanced scoring system, using CVP-analysis, which allows forming flexible budgets. Practical value. The results of the study can be used by practitioners, scientists, government officials to monitor the development of the corporate architecture, to study enterprise development processes.
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FISHCHUK, Natalia. "THE NECESSITY FOR DIAGNOSTICS USING IN THE SYSTEM OF ANTICRISIS MANAGEMENT OF AGRICULTURAL INDUSTRY ENTERPRISES." "EСONOMY. FINANСES. MANAGEMENT: Topical issues of science and practical activity", no. 1 (41) (January 2019): 7–22. http://dx.doi.org/10.37128/2411-4413-2019-1-1.
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The global financial and economic crisis, which began in 2007, is difficult to overcome as it has numerous negative consequences. Ukraine, like the entire post-Soviet space, is burdened with problems of the transformation period, is experiencing difficult times. In recent years, the economic system in the country didn’t get signs of stable development. The crisis, as it is known, is able to break the balance in any sector of the country's economy and in a separate enterprise. The global financial and economic crisis, political instability, imperfection of legislation and insufficient level of state regulatory policy make a significant impact on the activity of domestic enterprises. In order to prevent the negative impact of risk factors on both the external and internal environment, it is necessary to review and improve special tools and approaches of crisis management that are used in the practice of economic activity. Taking into account these and other factors, the article considers the question of the essence and the objective necessity of using of crisis management approaches in the current conditions of agrarian sector enterprises activity. The necessity of forming of crisis management system, conducting of anti-crisis monitoring of the state of enterprises and diagnostics, as its specific function, determining of acceptability of various diagnostic models, need in developing of anti-crisis approaches and strategies for the development of agricultural enterprises have led to the relevance of the chosen topic. Despite the fact that a huge amount of theoretical and applied material has been developed in the world, the theme of crises, crisis management and diagnostics, as its providing component, remains in the sight of foreign and domestic scientists. This problem was particularly acute in agrarian enterprises of Ukraine, due to certain objective reasons. First of all, this is due to the lack of generalized methodological approaches, recommendations and criteria sufficiently adapted to the specific conditions of the domestic agrarian economy and good accounting and reporting system. The purpose of the article is to substantiate the necessity of carrying out diagnostics as the basic function of crisis management; approbation of the use of the most common foreign and domestic methods of diagnosing the crisis, assessing the possibility of their use in the conditions of agricultural enterprises. Ukraine has a strong agro-industrial potential and significant prospects for its future development. This is an essential component of the financial and food safety of the country, which guarantees the further economic development of the country as a whole. The results of agricultural enterprises activity do not correspond with the resource potential and opportunities of the industry. The current crisis, remaining difficult and tense, is a reflection of the accumulated internal economic and political problems reinforced by the effects of the global financial crisis. Opposition to crisis phenomenons and the revival of the normal course of business activity of entrepreneurs need to improve the practice of crisis management of enterprises, increased attention to issues of diagnosis of the level and causes of the crisis, the development of sufficiently adapted methods for its implementation. Diagnostics, being the category of crisis management, aims in-time recognition of the signs and nature of the crisis, the localization of its undesirable effects, is a meaning of obtaining reliable, high-quality information about the actual state and capabilities of the enterprise in the initial stage of the crisis, the basis for the introduction of special methods and mechanisms of crisis management. Bankruptcy diagnostics is a system of targeted financial analysis in order to find and identify the parameters of crisis development that can disbalance the system, reduce its risk-taking and pose a threat of the bankruptcy in the future. Individual features of agricultural enterprises, their condition, reasons and depth of crisis signs require different methods of getting out of a crisis state. There are no universal methods for dealing with the crisis. Therefore, each enterprise must independently develop its plan of anti-crisis actions that will ensure its survival. World experience and practice of crisis management at the enterprise level today offer a number of techniques for conducting bankruptcy diagnostics, both quantitative and qualitative; express and deep analysis of crisis signs. The most well-known and used multifactorial models for the diagnosis of the crisis situation and the prediction of bankruptcy, developed by foreign authors are: the models based on the Z-coefficients of Altman, Springate, Biver, Liss, the predicted models of Taffler and Tisshaw, the Fulmer model, Beerman model, the model of rating numbers of Sayfulin and Kadykov, the score method of Argenti and others. Despite the fact that these models are quite actively used in Ukraine, it is obvious that they are weak in their adaptation to national realities, peculiarities of management, the specifics of domestic practice, and sectoral operating conditions. This explains the possibility of obtaining wrong, biased conclusions, significant errors in evaluating and forecasts. Native theory and practice of crisis management also offer a number of methods for assessing the probability of bankruptcy. Among the most well-known are methods of Yershova N., Matviychuk A., Tereshchenko O., methodology for solvency assessment of Ligonenko L. and Kovalchuk G., Hayvoronskaya Y., and others. They are more adapted to domestic realities and reduce imperfections of foreign models. At the same time, due to individual characteristics and factors of each enterprise, there is no universal model of bankruptcy forecasting. The publication deals with the most common models for predicting of the crisis situation of enterprises, their special features of using and disadvantages. The possibility of using of some foreign and domestic models in the diagnosis of the crisis state of enterprises in order to prevent bankruptcy is explored. Checking of the possibility of using of different models and the objectivity of the obtained results is made on the basis of analytical data of one of the structural subdivisions of the Ukrainian Scientific and Educational Consortsium, the State Enterprise "Experimental Farm "Salyvonkivske" of the Institute of Bioenergetic Cultures and Sugar Beet of the National Academy of Agrarian Sciences of Ukraine. Calculations were carried out according to the models of Altman, Springate, Liss, Biver, which basically operate on indicators of operational, investment and financial activity of the enterprise, and considered with their different level of relaions and mutual influence. Among the national models the methodology of O.Tereschenko and the six-factor model approved by the Ministry of Economy of Ukraine have been used. The obtained results of calculations and their comparison with the limit values demostrate full capacity of the state enterprise "DG" Salyvonkivske" to continue its activity, show condition of financial well-being and the absence of bankruptcy risks. There were no discrepancies in the obtained results. Foreign models are suitable for using in Ukrainian conditions with certain conditions, as evidenced by numerous publications. All of them have their advantages and disadvantages, which are manifested in varying degrees, depending on the features and specifics of the object of analysis, its financial and economic state. It is recommended when using foreign models of diagnostics, to choose such approaches that would enable to obtain a more reliable and accurate assessment of the financial and economic condition, relying on the results of one model analysis is not worthwhile. Careful selection and integrated using of several models at the same time, including specially designed and recommended for domestic enterprises, will significantly increase the reliability and ensure maximum accuracy of forecasts. Conducting of anti-crisis monitoring will enable to detect unwanted deviations in a timely manner and prevent problems, ensuring a stable financial position, which is the main objective of crisis management.
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Novak, I. M., and K. V. Suhetska. "Methods for diagnostics of bankruptcy of agricultural enterprises." Collected Works of Uman National University of Horticulture 2, no. 99 (December 22, 2021): 240–47. http://dx.doi.org/10.31395/2415-8240-2021-99-2-240-247.
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Modern science pays a lot of attention to solving issues of the company's functioning under the influence of crisis phenomena and processes. Nevertheless, the conditions of modern development associated with high risk, sudden transformations, crises and shocks, the main task is set by the study of the latest elements of company diagnostics. Based on this, diagnostics of the company's crisis state is a fundamental component of the successful development of agricultural companies. It is considered as one of the areas of economic diagnostics and is closely related to the diagnostics of the threat of bankruptcy. It is also important to note that the main component of diagnosing the level of effectiveness of antisipative management of enterprises with an agricultural direction is the definition of a system of criteria for identifying specific causes leading to a crisis situation and a failure in agricultural activity, which has a very important scientific, practical and methodological significance for economic science.The main purpose of the article is to study the problem of bankruptcy diagnosis at domestic enterprises, substantiation of theoretical provisions and development of practical recommendations for improving the diagnosis of antisipative management of enterprises in the system of management diagnostics. The article identifies the main tasks facing enterprises seeking to prevent and prevent the onset of crisis situations, analyzes the stages of diagnosis and considers the main models for predicting the bankruptcy of the enterprise. It was found that the models show real results only in the conditions for which they were created. That is, it is necessary to develop a model in which the assessment of the financial condition of agricultural enterprises would be based on domestic accounting and reporting standards, which would use the statistical, information base of domestic enterprises taking into account the specifics of the industry.
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Abuselidze, George, and Anna Slobodianyk. "Analysis and Control of Bankruptcy and Reorganization Processes: Case Studies Using Accounting Data." E3S Web of Conferences 164 (2020): 09036. http://dx.doi.org/10.1051/e3sconf/202016409036.
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The article is devoted to the justification and development of recommendations for improving the use of accounting data for the analysis and control of bankruptcy and reorganization processes of enterprises. It is determined that in conditions of financial and political instability, the activities of enterprises are accompanied by crisis situations, which may result in insolvency or bankruptcy. The peculiarities of processes of bankruptcy and reorganization of enterprises, using the methods of economic analysis, analysis of financial state and efficiency of the investigated company, as well as evaluated the effectiveness of the use of accounting data for analysis and control of processes of bankruptcy and reorganization of enterprises. Overview of cases in business practice for which the company is liquidated. The state and volume of activity of the basic enterprise in the context of the main indicators of financial statements for the last three years are analyzed. As a result of the analysis of the enterprise, it is proved that LLC Agrocomplex is profitable, with positive growth trends for most of the main indicators of economic activity. To identify signs of a crisis, the company assessed the threat of bankruptcy based on rapid diagnostics. The authors proved that the two-factor model for assessing the probability of bankruptcy of an enterprise shows that the probability of bankruptcy for LLC Agrocomplex is very low. The authors prove that when analysing the financial condition of an enterprise, a situation may arise when some indicators of the discriminant model for a particular enterprise may be very low compared to their “normal” values, and others - on the contrary, too high, which is also “bad". It is proved that their combination can indicate a stable financial condition of the enterprise, since it is the calculation of one integral indicator based on all input factors at the same time.
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Ivashkiv, Iryna, Svitlana Korol, Oksana Lyashenko, Iryna Sadovska, and Sergiy Nadvynychnyy. "Financial and economic evaluation of agricultural insurance market in Ukraine." Agricultural and Resource Economics: International Scientific E-Journal 7, no. 3 (September 20, 2021): 44–59. http://dx.doi.org/10.51599/are.2021.07.03.03.
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Purpose. The purpose of the article is to diagnose the financial and economic conditions of the agricultural insurance market in the context of transformational changes, which allows identifying the dependences of variables among the indicators of insurance in Ukraine.
Methodology / approach. The final goal of diagnosis is to build models that describe the variables and allow assessing the impact of some insurance indicators on the number of insurance contracts, which allows conducting regression of projected and observed values among insurance indicators during 2005–2019. The direct selection was also applied, which allowed starting without variables in this model by checking the addition of each variable with the use of the selected criterion of conformity of the model; as well as the repeatedness of this process until the best state of the model.
Results. The modelling results allowed us to determine that among the insurance indicators in the agricultural insurance market, the dependent variable is the indicator of the number of insurance contracts. As a result of the regression, it was stated that for the dependent variable the USD / UAH exchange rate and the subsidy, mln UAH, have a significant impact on the number of insurance contracts. Less importance had the area, thousand hectares, and the remaining variables did not determine such an impact. The obtained regression value of the predicted and observed value stated an adequate model, as the slope of the regression line is 45°.
Originality / scientific novelty. The novelty is improvement of the diagnostic algorithm for assessing trends in the agricultural insurance market in terms of transformational changes, taking into account the regression which made it possible to establish the dependences of variables among insurance indicators; validity of the use of direct selection with repeatedness of which the best possible state of the model is achieved.
Practical value / implications. The comparison of the studied insurance indicators in the agricultural insurance market allowed determining the relationship between variables with the separation of their weight, which affect insurance contracts, which confirms the adequacy of the application of diagnostics which will be used during the evaluation of insurance contracts at enterprises of the agricultural insurance market.
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Попова, Светлана, Svetlana Popova, Ольга Зотикова, Olga Zotikova, Светлана Ливадина, and Svetlana Livadina. "Methods of diagnostics of fictitious and deliberate bankruptcy on the basis of financial statements." Services in Russia and abroad 8, no. 9 (December 24, 2014): 56–64. http://dx.doi.org/10.12737/10796.
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In the current situation in the field of competition, globalization and integration of the world economy a modern organization must be highly competitive, financially stable, with high adaptation to changes in internal and external environment. Sharp fluctuations in external conditions, particularly complicating the process of management, may lead the company to bankruptcy. Bankruptcy can be related to numerous credit and financial relations, and is characterized by such a state of an organization in which it is impossible to pay obligations. In a situation where the cash amount of liabilities exceeds a certain limit, individuals and legal entities are declared insolvent, that is bankrupt. At the same time they cease all activities, including commercial one. Managers experiencing financial difficulties can protect theirr organization from closing via initiation of bankruptcy proceedings, searching for opportunities to restore its solvency. This article presents a systematic form data on the effect of fraud in bankruptcy to change the balance sheet items and income statement of the organization. The article indicates the important role of accounting (financial) statements, which allow to timely evaluate the property and financial position of the organization, to design a successful forecast of its operation. Authors present a list of suspicious transactions that have a negative impact on the financial and economic state of bankruptcy, which is based on analysis of existing experiences of diagnosis of fictitious and deliberate bankruptcy. The results can be used in the professional activity of managers and specialists, as well as a mechanism for improving diagnostic signs of fictitious and deliberate bankruptcies, in particular, for experts and arbitration managers.
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Штагер and O. Shtager. "HR-OUTSOURCING IN CONDITIONS OF ECOLOGICALLY-ORIENTED FINANCIAL INSTITUTIONS." Management of the Personnel and Intellectual Resources in Russia 6, no. 1 (February 17, 2017): 12–18. http://dx.doi.org/10.12737/24684.
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The article discusses the hypothesis of HR-outsourcing as one of the most progressive HR technology of human resource management. The issue of human resources management in terms of improving its effective operation requires the development of new tools. In the process of the permanent transformation of the economy the realization of modern approaches of human resource management is a major aspect of the formation of the enterprise’s strategy. In the article were analyzed the character of outsourcing, formed the main areas of HR-outsourcing, researched the mechanism of decision-making regarding the implementation of HR-outsourcing considering the identified strengths and weaknesses. Application of this technology in the context of globalization of economic activities eco-oriented financial institutions helps to optimize the employment policy and labor market regulation in the period of destabilization. Development of HR-outsourcing will allow to work out an effective tool to anti-crisis mechanism of social support through the application of scientific approaches and a factors diagnostics.
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Salikov, Y. A., and N. N. Krivtsova. "Financial and economic characteristics of the organization's life cycle." Proceedings of the Voronezh State University of Engineering Technologies 82, no. 3 (October 19, 2020): 246–52. http://dx.doi.org/10.20914/2310-1202-2020-3-246-252.
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One of the most acceptable scientific and methodological approaches to work in difficult economic conditions is regular and targeted management of the life cycle of a business organization as an open social and economic system. Any system develops and changes, passing through typical stages or cyclic states of its development. Studying the enterprise from the point of view of the life cycle allows to increase efficiency of financial and economic activity exactly at the specified stage and in due time to develop measures on prevention or weakening of negative and increase of positive results. The analysis of scientific researches has allowed to define the "life cycle of an enterprise" as a quantitatively limited set of stages or states within which the enterprise is during its existence and development. With regard to the functioning of a business organization, the following stages of its life cycle have traditionally been identified: creation, growth, maturity and crisis. Depending on the stage of the life cycle, a business organization should focus on various aspects of its financial and economic activities. Development of a business organization is to ensure the transition from the first and second stages to the third, and the longest possible retention (maturity stage) with timely identification of signs of the fourth stage (crisis) in order to prevent it by retaining the existing positions, returning to the second stage, diversification or transition to a new life cycle. Each stage of development has its key aspects on which management should focus to achieve and maintain positive financial and economic performance. Correspondence of life cycle stages and financial and economic priorities gives grounds for development of the system of financial and economic indicators and formation of limits of their permissible fluctuations within each stage. Based on the values of financial and economic indicators and their dynamics, it is possible, firstly, to contribute to more accurate diagnostics of the life cycle stage of a business organization; secondly, to improve the efficiency of a business organization at each stage by adjusting the values of indicators within the optimal ranges and applying adequate managerial impacts.
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Noakes, P., and P. Byrne. "Informatics – electronic diagnostics and therapy." Die Psychiatrie 07, no. 02 (April 2010): 100–106. http://dx.doi.org/10.1055/s-0038-1669594.
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SummaryMental health professionals did not ask for it, but the proliferation of health informatics and the integration of connectivity into our daily lives will facilitate and improve mental health outcomes – provided change is clinician-driven. To date, no one informatics system achieved dominance and there is no consensus about how to proceed. Key systems’ components are identified. There are multiple technical, clinical, ethical and financial considerations that have delayed the routine use of these systems even in highly developed health services. Several interacting systems are discussed across general medical and mental health services. Informatics can assist with the diagnosis of some mental health conditions (anxiety, mood and substance misuse disorders), and a balance needs to be struck between excessive self-diagnoses and empowered patients. Allied systems, for example telemedicine, can assist clinicians in physical and many mental health disorders, but less so, severe enduring mental illness. Computerised therapies have a growing evidence base but may not suit every patient and all disorders. Once electronic databases are established across psychiatry, they will be used outside the clinical arena to pursue diverse research and economic agendae, with other uses as yet undefined. We conclude by speculating on possible future developments.
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Musaeva, Rezeda, Lilya Urazbakhtina, Nina Serkina, Nailya Askarova, and Milyausha Sayfullina. "Automation of analytical activities the way to improve the performance quality of an enterprise. Using the diagnostic chart to assess and improve the financial condition of an enterprise." E3S Web of Conferences 124 (2019): 05082. http://dx.doi.org/10.1051/e3sconf/201912405082.
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The analysis of financial and economic activities is based on financial accounts and forecasting external and internal factors affecting the activities of enterprises. The use of diagnostic diagrams allows complex multidimensional indicators of enterprise activity to be presented in a simple and clear form.
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ZAITSEV, Sergei V., Arina B. ALIBEKOVA, Anastasiya D. KOROTENKOVA, and Sof’ya S. SHISHKINA. "Analytical methods and tools for risk diagnostics in the activities of agricultural organizations." Finance and Credit 28, no. 1 (January 31, 2022): 105–23. http://dx.doi.org/10.24891/fc.28.1.105.
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Subject. The article addresses risk diagnostics in the activities of organizations of agro-industrial complex in the Astrakhan Oblast. Objectives. The focus is to develop practical recommendations aimed at minimizing the risks of organizations operating in the agro-industrial complex of the Astrakhan Oblast. Methods. The study rests on the analysis of data provided by the State Statistics Service, the Ministry of Agriculture and Fishing Industry of the Astrakhan Oblast and the calculation of indicators based on these data. We apply the indicative method and calculation of integrated index. Results. We analyzed the main socio-economic indicators and diagnosed risks, using a risk map. The indicative method and the calculation of integrated indicator helped specify a low (pre-crisis) level of economic security in the agro-industrial complex for three years under study. To mitigate the identified risks we proposed measures to be taken by the government, like farm business concessional loans scheme, careful selection of creditors and borrowers, support to unprofitable farms, taking into account the WTO rules. Conclusions. The findings enable to analyze the current state of agriculture in the Astrakhan Oblast and develop the areas of risk mitigation in the agro-industrial complex. It is crucial to stabilize the financial condition through stock reduction, improve the supply chain process, the system of warehouses and storage facilities.
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Karpa, Iryna. "DIAGNOSTICS OF MORTGAGE HOUSING CREDIT IN THE CONTEXT OF EXTENSION OF ACCESS TO CREDIT FROM THE POSITION OF ECONOMIC AGENTS." Economic Analysis, no. 27(2) (2017): 98–104. http://dx.doi.org/10.35774/econa2017.02.098.
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The systematic approach, the theory of management of economic and social processes, sociological methods of data collection, as well as methods of mathematical and statistical data processing have become the methodological basis of the study. The theoretical and methodological aspects of mortgage lending and its diagnostics are disclosed taking into account a variety of factors influencing the state of the market of residential real estate, provision of residential real estate to social and communal infrastructure. It is revealed that the state, banks and non-bank credit institutions take an active part in stimulating its development and solving the housing problem of its citizens. A number of containment factors that do not allow to intensify the development of mortgage lending is determined. Among them we can point out the following ones: political and legal (social and economic and political instability, low level of legal protection of relations of ownership of real estate objects, lack of a clear system of registration of real estate and methods of imposing the collection and alienation of property); social and economic (high inflation, low solvency and living standards of the population, the permanence of crises in the financial and credit market and the underdevelopment of the securities market); institutional and organizational (lack of unified system-based principles, standardization and unification of mortgage lending procedures, limited financially stable and developed financial and credit institutions); technical and technological (low level of technical and technological support of financial and credit institutions and databases used by them). The expediency of activating the reform of state banks and the transition to the implementation of the Strategy for their development, the publication of the macroprudential strategy and road map for the harmonization of banking regulation rules with international principles and standards have been identified. To ensure the success of the development of mortgage lending and the creation of appropriate conditions for its availability, for the overwhelming majority of citizens it is necessary to monitor the financing process of housing construction in the country.
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Korol, Svitlana. "FINANCIAL AND ECONOMIC EVALUATION OF CASH FLOWS OF THE ENTERPRISE." Economic Analysis, no. 30(3) (2020): 268–75. http://dx.doi.org/10.35774/econa2020.03.268.
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Introduction. The study of cash flows of the enterprise in today's conditions is impossible without the use of financial resources, among which a significant place is occupied by cash. Their receipt and use requires special control, as in case of violation of their direction will inevitably be an imbalance, which will lead to changes in the components of economic resources, technical equipment of production or financial dependence of the enterprise. A comprehensive analysis of the company's cash flows makes it possible to conduct their financial and economic diagnosis and highlight performance indicators. All this highlights the importance of systematizing our knowledge in the field of cash flows with an emphasis on key aspects. Purpose of the article is to conduct a financial and economic assessment of cash flows of the enterprise, which will highlight the indicators of their efficiency. Method (methodology). The research used such methods as logical, which allowed to analyze scientific works in the field of cash flows; analytical, which was used to analyze and evaluate cash flows in the enterprise; graphical, which allowed to interpret the results in a time range. Results. It is concluded that the theoretical research of the main aspects in the direction of cash flows is insufficient. In our opinion, the inaccuracy of the definition of "cash flows" contributes to a misunderstanding of their essence, which comes down to identifying them with the concept of "cash", and therefore a diagonal between these definitions. The necessity of financial and economic diagnostics of cash flows at the enterprise is substantiated. The main directions of cash flow depending on the activities of the enterprise, in particular in terms of operating, financial and investment activities of the enterprise. Indicators of cash flow efficiency of the enterprise are singled out. The unevenness of the company's cash inflows in terms of certain activities of the company, as well as a significant dependence of the company on borrowed funds. It is established that the practical aspects of the study of cash flows require further study in the direction of cash flow planning of enterprises in a changing environment.
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Utegenov, Yerkebulan, Jamilya Seitkhozhina, Madina Ryspekova, Zhuldyz Utegenova, and Azhar Baltasheva. "Entrepreneurial development in the production sphere of the regions of the Republic of Kazakhstan." Potravinarstvo Slovak Journal of Food Sciences 16 (February 10, 2022): 55–68. http://dx.doi.org/10.5219/1718.
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In recent years, in connection with the rise of prices for resources the aggravation of the competition, the concept of enterprise performance management has begun to be actively used. The process of financial diagnostics and assessment of the security level in economic entities' activities is one of the most debatable in the scientific community. This research aimed to study the entrepreneurial development in the milk production sphere in Kazakhstan and to find the most effective tools for ensuring the financial security of enterprises. The databases of the Bureau of national statistics of the Agency for strategic planning and reforms of the Republic of Kazakhstan and the Eurasian Economic Commission were used as the study materials. The main methods were the resource and functional approach, integrated, and financial risk. Within the framework of this study, the dairy industry of Kazakhstan was investigated. Industrial enterprises operate in challenging economic conditions. Therefore, the managerial decisions should be directed towards strengthening the financial and property status and developing strategic potential capable of adapting to unfavourable environmental factors. The scientific novelty of the study lies in the fact that the presence of an organic link between the economic situation in the state and the profit margins requires an increase in the efficiency of using the production capabilities of the enterprise. The study's practical significance lies in using the findings and developments as recommendations for improving the economic aspects of dairy enterprises.
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Kolupaieva, Irina, Svitlana Pustovhar, Oleg Suprun, and Olena Shevchenko. "Diagnostics of systemic risk impact on the enterprise capacity for financial risk neutralization: the case of Ukrainian metallurgical enterprises." Oeconomia Copernicana 10, no. 3 (September 30, 2019): 471–91. http://dx.doi.org/10.24136/oc.2019.023.
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Research background: A significant share of Ukrainian enterprises in modern conditions is accompanied by unprofitability of their activity. On the back of Ukrainian enterprises unprofitability, there is a problem of methodical provision of financial risk management, which lies in the fact that a major part of scientistific works in this area focus on the study of internal factors and indicators of financial risk. At the same time, the system risk is levelled out.
Purpose of the article: The aim of the study is the improvement of enterprises’ financial risk management tools based on the assessment of the company's ability to neutralize financial risk taking into account system risk effects.
Methods: The methodological apparatus includes: The "weight center" method; expert appraisal method; multidimensional factor analysis method; neural network apparatus.
Findings & Value added: As a result of the study, an approach to assessing the impact of system risk on the ability of an enterprise to neutralize financial risk is developed. The expert evaluation method is based on an integrated model that allows for estimation of the ability of metallurgical enterprises to neutralize financial risks. The system risk factors, namely the factor of commodity markets state, the political and demographic, fiscal, monetary factors as well as the factor of the external balance financial estimates, were determined. By constructing a neural network, elasticity of enterprises' ability to neutralize financial risk in relation to systemic risk factors was calculated. The proposed approach allows for conducting preventive financial risk diagnostics on the basis of assessing the current financial status and the ability to neutralize financial risk in an open economic system — taking into account the system risk impact.
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Kulish, Н. Р., and V. V. Chepka. "Financial Potential of an Enterprise and its Significance in the Economically Unstable Environment." Statistics of Ukraine, no. 1(76) (September 20, 2017): 29–35. http://dx.doi.org/10.31767/su.1(76).2017.01.04.
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Practical aspects of the study of financial potential, its relationship with economic potential of an enterprise, the impact of financial potential of the economic performance and strategic goals of an enterprise are highlighted. It is demonstrated that financial potential takes on the role of lever building the mechanism for transforming resource and production potentials into the financial results of an enterprise. In the current economic conditions characterized by the development of market economy, int ensification of globalization and competition, domestic enterprises need to operate more effectively and to focus their activities not only on meeting the current needs in form of profit, but also on planning future performance and building the financial potential. In this context, study of the essential features of financial potential of an enterprise and its relationship with production, innovation, investment, marketing and organizational management potentials has been of special importance.
The study shows that financial potential enables for transforming resource, production, innovation, investment, marketing, organizational and managerial potentials into financial performance results, and is used to achieve strategic and tactical goals of an enterprise. The essential features of financial potential are outlined:
financial potential is a broader concept than financial resources of an enterprise;
financial potential is a factor for financial capacity of an enterprise and their implementation in certain circumstances;
financial potential is a factor for financial stability and competitiveness of an enterprise;
financial potential is a factor for positive financial result;
the scopes of financial potential determine the development trend of an enterprise.
Diagnostics of financial potential involves regular financial analysis to determine financial security. Key data on the financial performance of an enterprise need to be used in evaluating the achieved goals and problem solutions in the current period and in the future, in taking balanced management decisions with due account for the provision of investment and reserve finances
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Zwolińska-Ligaj, Magdalena. "Location On Natural Valuable Areas As A Condition For The Development Of Enterprises Based On The Use Of Natural Resources – The Lublin Voivodeship (Poland)." Acta Regionalia et Environmentalica 12, no. 1 (May 1, 2015): 6–10. http://dx.doi.org/10.1515/aree-2015-0002.
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Abstract The aim of the study is to identify opportunities and constraints of the development of companies whose business is based on the exploitation of natural resources resulting from their location in areas of natural value. The study area consisted of 40 municipalities. Five companies were selected for the study in each municipality. The study used the method of diagnostic survey using a questionnaire interview. The results obtained give rise to a finding that economic activity based on the use of local natural resources, taking into account the need to protect the natural environment, is a legitimate direction and an opportunity for the development of local economies of areas of natural value. However, given the limitations of economic activities in natural valuable areas, it requires support, mainly with information and finance. The most important limitations of economic activities in natural valuable areas include the lack of preferential financial instruments, difficulties of the investment process and the lack of financial compensation for profits lost due to the location.
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Knyshek, Oksana, Olena Konovalova, and Valentyna Synelnyk. "Audit of the Continuity of Enterprise Activity." Accounting and Finance, no. 4(90) (2020): 103–11. http://dx.doi.org/10.33146/2307-9878-2020-4(90)-103-111.
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In the conditions of the economic crisis, there is more and more growth in the need for reliable information about the prospects for the enterprise development for making economic decisions. The audit of the continuity of enterprise activity allows to improve the quality of information contained in the financial statements, as well as to provide all stakeholders with information resource, which contains an independent professional judgment of the auditor on the activities of the entity on a continuous basis. The purpose of the article is to reveal the essence of the going concern principle in accounting and audit and to substantiate practical tools for conducting an audit of the continuity of enterprise activity. The theoretical provisions on the definition of going concern principle and going concern assumption were disclosed. Analytical procedures used in the audit of the continuity of enterprise activity were characterized. The analytical procedures given in the study can be used at all stages of the audit of financial statements. The methods of carrying out express-diagnostics under the hour of finding out the factors of influence on the continuity of the enterprise activity was presented. The content of the test questionnaire for assessing the continuity of the enterprise activity was proposed. Criteria for assessing indicators depending on their actual level were substantiated to determine the possibility of continuous operation of an enterprise. Using the rating of indicators of the financial condition, the auditor will be able to determine the class of the enterprise and, accordingly, the risk of bankruptcy and the relationship of interested users with this enterprise. The influence of the assessing result of adhere to the going concern principle on the auditor's opinion was revealed.
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Mihus, Iryna, Yana Koval, Serhiy Laptev, Olha Bala, and Marta Kopytko. "MONITORING THE STATE ANTI-CRISIS MANAGEMENT OF ECONOMIC SECURITY OF THE UKRAINE BANKING INSTITUTIONS." Business: Theory and Practice 21, no. 2 (November 18, 2020): 804–12. http://dx.doi.org/10.3846/btp.2020.12985.
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The study and synthesis of research showed that the most often anti-crisis management is considered, firstly, as a complex of preventive measures that is comprehensive and aimed at preventing and eliminating unfavorable phenomenon for business using existing resources and survival potential, and secondly, as implementation of special procedures for the withdrawal of economic agents from the crisis, in particular such as sanitation, restructuring, bankruptcy, liquidation. The main element of system control at the macro level is the state regulation of the economy, one of the most important tasks of which is the elimination of failures of functioning of the market mechanism at the micro level, that is, the creation of conditions for overcoming the crisis phenomenon in the activities of business entities. This task is solved by developing and implementing measures of state anti-crisis regulation. The main purpose of the article is to carry out diagnostics and monitoring in the system of state crisis management of economic security of banking institutions of Ukraine. In addition, the purpose of the article is also to study and systematize the technology of state anti-crisis regulation of banking institutions of Ukraine. The article highlights the criteria for assessing the system of anti-crisis management of financial stability of banking institutions at macro and micro levels. The diagnostics in the anti-crisis regulation of banking institutions of Ukraine is carried out. The main components of the monitoring in the system of state anti-crisis management in the banking institutions of Ukraine are noted. The levers of state anti-crisis regulation in the banking institutions of Ukraine are described. The measures and technologies of state anti-crisis management at the level of banking institutions of Ukraine are proposed. The results of the study can be used by banking institutions of Ukraine, the National Bank of Ukraine, financial institutions, etc.
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Gurrib, Ikhlaas. "The relationship between the Nasdaq Composite Index and energy futures markets." Investment Management and Financial Innovations 15, no. 4 (October 12, 2018): 1–16. http://dx.doi.org/10.21511/imfi.15(4).2018.01.
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This paper sheds light on the relationship between the Nasdaq Composite Index and a newly proposed Energy Futures Conditions Index (EFCI). While various financial conditions indices provide information about the financial stability of a country, the existence of an energy condition index, using futures markets, is scarce. Using weekly data over the period 1992–2017, this paper introduces an energy futures index using principal component analysis and test its predictability over the Nasdaq Composite Index. The EFCI captures 95% of the variability inherent in crude oil, heating oil and natural gas futures’ total reportable positions. Stability in forecast errors over different lags suggests a one week lag is sufficient to forecast weekly Nasdaq Composite Index. 95% prediction levels support that the estimated model captures actual equity market index values, except for the 2000 technology bubble. Distributions of level data were non-normal, not serially correlated and homoscedastic under the whole sample period, with diagnostics on pre and post technology bubble crisis showing mixed results. While differencing ensured homoscedastic errors in the forecasting model, Granger causality supported non-causality from both energy futures and equity markets, suggesting no evidence of cross market information flows.
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Belyaeva, Tatyana, and Irina Kozieva. "Employee engagement in HR analytical systems." Economic Annals-ХХI 186, no. 11-12 (December 28, 2020): 94–102. http://dx.doi.org/10.21003/ea.v186-11.
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Employee engagement is an important resource for the development of modern organizations and enterprises. Effective management of employee engagement leads to an increase in labour productivity, achievement of goals and sustainable development of the managed object. Despite the considerable accumulated domestic and foreign research on employee engagement as a factor of growth and economic efficiency, many areas relating engagement diagnostics and assessment of the relation between engagement and results of financial and economic development remain understudied. In a digital economy, personnel knowledge and competences are recognized as a strategic resource for the development, which mainstreams research in the area of employee engagement and assessment of its impact on development processes and results. It is possible to assess engagement objectively and measure its resource potential by using HR analytics. HR analytics is a system of mathematical, statistical and heuristic methods for assessing, forecasting and decision-making aimed at developing competitive advantages of personnel, and increasing labor productivity and economic efficiency of an enterprise. The purpose of the article is a theoretical and methodological substantiation and practical use of employee engagement diagnostics indicators in the system of HR analytics. The article uses methods of engagement research, as well as economic, statistical, sociological, psychological tools of HR analytics. The outcome of the article is a practically applicable technique of employee engagement estimation and research of its interrelation with indicators of economic efficiency of enterprise development. Based on the received results, it is possible to draw a conclusion about the necessity to enhance employee engagement in order to create conditions for sustainable development and growth of economic efficiency of enterprises.
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Hutorna, M., M. Rudenko, Yu Nemish, T. Kulinich, and O. Hasii. "THE DEVELOPMENT OF DIAGNOSTIC TOOLS FOR ASSESSING THE LEVEL OF FINANCIAL CORPORATIONS’ STABILITY BY CASCADE APPROACH." Financial and credit activity problems of theory and practice 4, no. 39 (September 10, 2021): 109–20. http://dx.doi.org/10.18371/fcaptp.v4i39.241299.
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Abstract. The scientific article is devoted to the development of a methodology for assessing the financial stability of financial corporations using the technology of cascading approach to identify weak areas in their activities and prevent the development of threats to their stable operation. The root causes of their financial instability are selected as the object of financial corporations’ financial stability assessment, and a chain of causal relationships is considered that turn the preconditions into real threats to financial stability or even signs of the corporation’s financial fragility. At the same time, the source of prerequisites for the financial stability of financial corporations in the state and depth of imbalances, which are formed both in the internal and external environment of their operation. It is proved that the tools for assessing internal imbalances in the activities of financial corporations should not be limited to financial imbalances, as their root causes can be concentrated in the organizational, managerial, institutional, conceptual component, in the field of personnel, information, technical support. Therefore, the structuring of imbalances in the activities of financial corporations is proposed to be carried out according to the theory of economic potentials and to identify the following content areas: opportunities, resources, tools, and abilities, the interaction of which forms the potential of financial corporations to operate. A three-stage method for assessing the financial stability of financial corporations has been developed, using a cascading approach, which involves the consistent diagnosis of internal imbalances in the activities of financial corporations: 1) those that arise within each component (resources, means, and capabilities) and are the area of origin of internal threats to their financial stability; 2) imbalances that arise through inter-component interaction (resources-means; abilities-means; resources-abilities) and are the sphere of manifestations of imbalances; 3) those that arise through interaction with the external environment and maximally show the impact of their condition and depth on the level of financial stability. For each of these areas, a set of indicators has been developed and an algorithm for calculating the integrated index of financial stability of a financial corporation has been constructed. The scientific and methodological approach was tested on the example of systemically important banks of Ukraine during 2017—2020, each of which is currently in a continuum of financial stability, and for most banks, there is a growing trend of quantitative measurement of its level. In general, the paper reveals a comprehensive approach to assessing the financial stability of financial corporations, which allows you to systematize those key positions in which the imbalance increases the likelihood of their financial fragility and financial instability. Keywords: financial corporations, financial stability, internal imbalances, economic potential, valuation, indicators, nonlinear rationing. JEL Classіfіcatіon C13, C81, D53, G21, G23 Formulas: 7; fig.: 0; tabl.: 3; bibl.: 22.
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Feldhaus, Isabelle, Somil Nagpal, and Stéphane Verguet. "Alleviating the burden of diabetes with Health Equity Funds: Economic evaluation of the health and financial risk protection benefits in Cambodia." PLOS ONE 16, no. 11 (November 5, 2021): e0259628. http://dx.doi.org/10.1371/journal.pone.0259628.
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In Cambodia, diabetes caused nearly 3% of the country’s mortality in 2016 and became the fourth highest cause of disability in 2017. Providing sufficient financial risk protection from health care expenditures may be part of the solution towards effectively tackling the diabetes burden and motivating individuals to appropriately seek care to effectively manage their condition. In this study, we aim to estimate the distributional health and financial impacts of strategies providing financial coverage for diabetes services through the Health Equity Funds (HEF) in Cambodia. The trajectory of diabetes was represented using a Markov model to estimate the societal costs, health impacts, and individual out-of-pocket expenditures associated with six strategies of HEF coverage over a time horizon of 45 years. Input parameters for the model were compiled from published literature and publicly available household survey data. Strategies covered different combinations of types of diabetes care costs (i.e., diagnostic services, medications, and management of diabetes-related complications). Health impacts were computed as the number of disability-adjusted life-years (DALYs) averted and financial risk protection was analyzed in terms of cases of catastrophic health expenditure (CHE) averted. Model simulations demonstrated that coverage for medications would be cost-effective, accruing health benefits ($27 per DALY averted) and increases in financial risk protection ($2 per case of CHE averted) for the poorest in Cambodia. Women experienced particular gains in health and financial risk protection. Increasing the number of individuals eligible for financial coverage also improved the value of such investments. For HEF coverage, the government would pay between an estimated $28 and $58 per diabetic patient depending on the extent of coverage and services covered. Efforts to increase the availability of services and capacity of primary care facilities to support diabetes care could have far-reaching impacts on the burden of diabetes and contribute to long-term health system strengthening.