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1
Shumilin, P. E., and V. A. Eremenko. "ACCOUNTING MODEL OF DECISION SUPPORT SYSTEM." Scientific Review: Theory and Practice 10, no. 4 (May 4, 2020): 612–19. http://dx.doi.org/10.35679/2226-0226-2020-10-4-612-619.
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The digital development of the economy opens up new horizons for accounting. On the one hand, dissolution of accounting in corporate management systems takes place, on the other hand, the accounting functions for managing economic information remain relevant. This article uses the accounting modeling method. We offer a five-blocks accounting model of the decision support system. The model is formed by such blocks as the interface for collecting primary data on company transactions in the context of the formation of financial, managerial, strategic accounting accounts, ETL (extract, transform, loading) of processes for combining credentials from various sources within the framework of a structured work plan of accounts; predicted accounting iterations, having a synergistic, reorganization, reorganization, immunization, hedging and other areas; express audit of the management decision, which consists in assessing the impact of the management decision on the effectiveness of the company, which includes such elements as tax and legal expertise; SWOT analysis; reporting visualization tools that allow you to generate different types of reporting: financial, managerial, statistical, not just in tabular form, but using digital visualization methods; accounting and analytical indicators of managerial decisions, which can be described as a system of indicators reflecting the financial and economic situation of the enterprise under the influence of managerial decisions; the state of its financial stability, profitability, solvency, liquidity; the size of the property of the founders. The introduction and use of this model will allow generating relevant accounting information based on the needs of management, supporting the adoption of management decisions at a scientifically sound level that meets the criteria of business efficiency and protect the interests of owners.
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Ulanchuk, V., E. Zharun, N. Korotieiev, A. Nepochatenko, and S. Sokoliuk. "Econometric approaches to forecasting financial support of socio-economic development of the region." Collected Works of Uman National University of Horticulture 2, no. 99 (December 22, 2021): 163–71. http://dx.doi.org/10.31395/2415-8240-2021-99-2-163-171.
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In the given article it is noted that the level of forecasting of processes of social development is determined by the efficiency of planning and management of economy and other spheres. Social and economic forecasting of basic trends of social development allows use of special calculation and logic methods, giving the opportunity to determine parameters of functioning of separate elements of productive forces in their interrelation and interdependence. At the current stage of regional development of the state, the forecasting of the management of social-economic processes in the region is urgent, and the need for their improvement in order to obtain effective tools for determining the main guidelines and directions of regional policy. Predictions that include scientific justification should be central to the planned decisions of state authorities and the implementation of social-economic policies in the region, to determine the main directions of its future development, place and role in the national economy. The process of forming a modern system of forecasting regional development in Ukraine took place under conditions of a large-scale state transformation and reorganization. The change in the political regime and reform of the Ukrainian economy, which began in the 1990s, led to the inversion of the role of the territory in the system of public administration. Regions that previously had very limited rights in the agricultural sector, received the right to make political, economic, social, cultural and other decisions on their own. Economic forecasting is necessary for determining ways of society development and economic resources which provide its achievement, for revealing most likely and economically efficient variants of long-term, medium term and current plans, grounding main directions of economic and technical politics, forecasting the consequences of the made decisions and measures taken at present. Application of econometric models in economics gives the opportunity to distinguish and formally describe the most significant, the most essential relations of economic variables and objects, as well as to get new knowledge about the object in the inductive way. In such model, in the simplified form, by many assumptions, the main dependence between economic indicators is determined.
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Kovalenko, Nadiia, and Nataliia Stoliarchuk. "Business Plan as an Element of Assessing the Effectiveness of Commercial Cooperation of Ukrainian Airlines in the Context of Globalization of World Aviation." Central Ukrainian Scientific Bulletin. Economic Sciences, no. 4(37) (September 28, 2020): 203–9. http://dx.doi.org/10.32515/2663-1636.2020.4(37).203-209.
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Based on the results of the world practice in the field of cooperation of civil aviation enterprises, the most promising methods of potentially ensuring the efficiency of operation are the merger or amalgamation of airlines in the form of an aviation alliance or aviation pool. The analysis of research on the application of aspects of business planning in the creation of an aviation pool or aviation alliance showed that, despite the need and demand of practice, this aspect in the theoretical, methodological and scientific direction is not given enough attention. An analysis of the literature showed that aspects of the use of the business plan as an element in determining the effectiveness of mergers of civil aviation enterprises in the context of European integration were not carried out. Referring to the above aspects, the ways of perspective development of Ukrainian airlines in the process of overcoming the conditions of competition and financial crisis by joining aviation alliances and creating pools are clarified. It was found that the main tool for determining the effectiveness of the reorganization of the airline and its financial recovery through cooperation is a business plan as a program of long-term development and assessment of economic feasibility. To achieve the goal of the study, the following tasks were performed: summarized and analyzed current areas of reorganization and financial recovery of Ukrainian airlines - the creation of aviation alliances and pools and opportunities for their development in modern conditions of the air transport market of Ukraine; the methodical approach to improvement of process of substantiation of reorganization and its economic results which is seen in development of the business plan of an estimation of commercial prospects is proved; developed recommendations for taking into account and reflecting in the business plan the features of the processes of creating an aviation alliance or pool. The prospect of further research, given the above, is to develop recommendations for management (management) of the process of reorganization of the airline in the implementation of the business plan to create an aviation alliance or pool.
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Bongarzoni, Paolo. "Italian SME Crisis and the Support Offered by Management Consulting." International Journal of Information Communication Technologies and Human Development 13, no. 2 (April 2021): 50–58. http://dx.doi.org/10.4018/ijicthd.2021040104.
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The effects of the EU measures and the financial crisis limited the potential growth of the Italian small medium enterprises (in term of loss of productivity, increase of unemployment rate, and decrease of customers purchase power). Together with these two factors, the Italian economic system competitiveness (whose backbone is represented by the SMEs) was negatively affected by the “digital disruption.” The purpose of this article is to critically analyse the main causes of this competitiveness loss for Italian SMEs and the role of strategy consultants in helping them to improve their results and their presence in local and international markets. Leveraging on their past industry/service line experience and massive investment in digital transformation (e.g., acquisitions of IT companies, alliances, specialization in software/tools, and internal reorganization), strategy consultants are able to assess, suggest, and implement their clients' digital strategy.
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Stroie, Cristina, and Adriana Duţescu. "The Enterprise Risk Profile Model and Its Implementation in Reorganised Companies." Proceedings of the International Conference on Business Excellence 13, no. 1 (May 1, 2019): 241–53. http://dx.doi.org/10.2478/picbe-2019-0022.
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Abstract Globalization, as a response to the accelerated developments in recent decades, has shifted the world economy to a direction in which the adaptation to uncertainty conditions has been one of the most important manifestations of rational behavior. Human activity has always been subject to risks and uncertainty, and environmental pressure naturally generates selection and adaptation. The risk profile analysis in insolvency proceedings, as an indicator of managerial and financial health, represents a challenge to complement the gaps in the literature, given the limited studies in the field, compared to the bibliography in the field of risk management, for the companies in the economic circuit. This topic is of major importance for all business environments, having in view the disasters generated by economic crises on companies. In terms of judicial reorganization and insolvency proceedings, the situation in Romania proves to be different from the practices in the countries with tradition in this field and we are referring here to the USA, Germany and France. Comparative studies have indicated dysfunctions in the reorganization procedures in Romania, related to the lack of a coercive system to remove the insolvency debtors from the economic circuit, and the lack of models for analyzing the reorganization capacity of companies in insolvency proceedings. Regarding a possible reorganization of a company, creditors do not have approved analysis models in order to vote on reorganization plans and most of the time, at least as far as public creditors are concerned, their vote is negative and unfounded. The purpose of this research is to generate a model of internal risk analysis specific to the companies undergoing insolvency proceedings and of external risks related to the activity sector, a model able to predict the possibility of reorganizing a company undergoing insolvency proceedings. The main tool used is the interview, conducted on a sample of insolvency experts in Romania, with an average experience of approx. 10-20 years in insolvency and reorganization activities. Based on the analysis of the obtained results, we will refine and restructure a model, and then we will test it on a sample of companies undergoing insolvency proceedings.
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Patena, Wiktor, and Bartłomiej Kaszyk. "Commercialization as a Recommended Approach to Hospital Restructuring Case Study of Łańcut Medical Center." e-Finanse 11, no. 2 (June 1, 2015): 32–46. http://dx.doi.org/10.1515/fiqf-2016-0113.
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Abstract Our society is on the brink of health care system reorganization and implementation of new medical technology. Hospitals have to be a core component of the medical revolution so they have to be prepared for the upcoming leap in their development. If Poland wants to be a pioneer in providing new medical solutions, the current ineffective system has to be changed. The necessary action should be taken to deal with the financial problems Polish hospitals have faced for over 20 years. The current structure of hospitals - SPZOZ, is old-fashioned and cannot adapt to a turbulent social and economic environment. The hospitals should be commercialized and restructured. Being capitalized companies will give incentives and new tools to deal with financial problems.The article presents an example of the commercialized hospital in Łańcut. We make the observations that commercialization increases: a hospital’s profitability, its employment productivity, its capital investment spending and leverage. The case proves that the transformation of hospitals to capital companies proposed by the Ministry of Health may be an appropriate approach and it does work once a reasonable management board is in charge. However, the legal structure alteration should be treated as the first step in the overall restructuring process. The article highlights the problem of managers of Polish hospitals who do not only struggle with financial shortages, but barely know which business model they should follow after commercialization to successfully run the restructuring process. Having examined the LMC the authors are crafting a prelude to the overall research on already commercialized hospitals to find an appropriate business model.
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NIMKOVYCH, Andrii. "STRATEGIC INSTRUMENTS OF THE DEVELOPMENT OF STOCK MARKET INFRASTRUCTURE INSTITUTES." Ukrainian Journal of Applied Economics 4, no. 3 (August 30, 2019): 67–76. http://dx.doi.org/10.36887/2415-8453-2019-3-8.
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The article investigates the problem of ensuring the functioning of the securities market infrastructure of Ukraine. The analysis had been conducted through the prism of securities market participants' protection. The author has proposed to introduce the institute for protection of small investors in the stock market by the way of reorganization of the Deposit Guarantee Fund like in the Estonian and Lithuanian models. The Fund is tasked with the following in order to support the infrastructure of protection: to accumulate funds, to invest in managed funds and to pay insurance payments promptly in the case of an insurance event. On the basis of analytical data, the results from the implementation of the Fund are determined: accumulation of budgets to guarantee protection, increase in the value of securities in circulation, protection due to compensation of the guaranteed sums to small investors and the actual income from the functioning of the Fund. Another aspect of using strategic tools in stock market infrastructure is «FinTech» and blockchain technologies. Using of these technologies and the leading positions of Ukraine in the world are emphasized. Advantages of the blockchain technology implementation into the stock market infrastructure of Ukraine and economic feasibility are shown. The obligatory availability of electronic infrastructure for both the state and individual participants of the stock market is substantiated for the effective functioning of modern financial instruments. The author demonstrates the advantages of implementing blockchain technology in the stock market infrastructure of Ukraine and economic feasibility. Positive aspects of cooperation of powerful financial companies and blockchain institutions are shown, as well as problems of non-regulation of this issue in the Ukrainian legislation. A special place in the economics of stock market infrastructure is given to innovative money transfer systems. It has been found that the use of the Ripple system can form the basis of the infrastructure for quick and much cheaper internal payments in the stock market. Key words: stock market, infrastructure, institutions of infrastructure, guarantee fund, investments, blockchain technologies, «FinTech».
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SADCHENKO, O. V., and S. O. NIKOLA. "TRANSFORMATION IN ECONOMY: FINANCIAL AND CREDIT SYSTEM AND MARKETING APPROACHES." Economic innovations 21, no. 4(73) (December 20, 2019): 150–60. http://dx.doi.org/10.31520/ei.2019.21.4(73).150-160.
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Topicality. The modern economy, with its transformational processes, first of all requires the solution of the country's financial and credit system. The strength of finances and the efficiency of credit functioning are predetermined by the state of monetary circulation, which, in turn, requires their constant regulation, strengthening the financial and credit impact on the economy. One can get out of this situation only by attracting scientific knowledge and experience, that is, creating an independent research base, participating in the internationalization of high technologies and gaining experience in efficient technology transfer, competition for new markets, and strict adherence to science in economic activities. Combining financial and credit policy will allow the state to use budget methods to regulate the economy in full force through taxes, government spending and loans, interest rates, as well as to make wider use of buying and selling securities. In a market economy, financial regulatory methods, creating a financial environment, can solve economic problems of national importance in Ukraine. And marketing involves the study of the real needs of the client, its main objectives - to attract new customers, consumers who have not previously resorted to the services of a particular object, as well as offering new services. Today, marketing research organically included in the banking activity, becoming its integral part.Aim and tasks. The purpose of the article is to identify the tools of the economic mechanism of financial and credit and implementation, the application of modern marketing technologies. The main goal of the transformational economy is to promote the development of an investment-attractive environment, to limit inflation, restructure the economy, integrate into international financial markets, and achieve social stability in society. To do this, the essence of economic development should be determined taking into account qualitative changes in the environment.Research results. In order to create a powerful economic basis for the country (and its regions), market mechanisms should facilitate rapid and high-quality renewal of production based on the latest technical and technological and modern scientific achievements, and the introduction of new business methods. Today on the agenda is the solution of qualitatively new, complex, multifaceted tasks and ensuring a single goal: the preservation of the living conditions and activities of people.Information technologies have become a new tool for turning knowledge into an information resource of society, which has become the main value of the civilized world. Information resource is treated as a social force aimed at the transformation of society.The emergence of a new technological paradigm based on more powerful and flexible information technologies made it possible to transform information as such into a product of the production process. Transforming the process of information processing, new information technologies influence all spheres of human activity and make it possible to establish innumerable links between various fields, as well as between the elements and agents of this activity.An important aspect in the use of foreign investment is a differentiated approach in using the principle of equal treatment of foreign and national investment. The system of foreign direct investment provides for two important points: replacing the system for approving projects by government bodies with a notification system; substantial limitation of tax benefits for joint ventures in order to ensure the principle of fair competition between foreign and national companies, taking into account environmental restrictions. First of all, it is necessary to open the industrial sector for investments of foreign capital and liberalize the process of investments in such technologically complex areas as telecommunications, engineering construction, and maritime transport. The state is faced with the difficult task of channeling financial resources to investors in business sectors in whose development the country would be interested.Reforming the economy of Ukraine involves a structural reorganization in the use, protection and reproduction of natural resources, covering the banking, financial and credit systems, investment, innovation policy and direct environmental management in private and public enterprises. Only an environmentally high-quality product and the same high-quality environmental service are in real demand in the market and can attract consumers. Based on the interests of society as a whole, and of each member of society, the use of new forms of organization of production, business and labor, improvement of the structure of production and economic activities, taking into account national features of environmental management, is required. The effectiveness of measures to preserve and support biodiversity, innovations in the environmental sector can be achieved only with a state-wide approach to this problem.Conclusion. In the process of formation of market structures in the transformational economy of Ukraine, the task is to ensure positive changes at all levels of the industrial complex based on their market regulation.A new economic and ecological paradigm on a global scale, based on technological power and information, will contribute to the growth of interdependence and mutual understanding in the new economy in order to preserve our planet. At the moment, a fundamentally new environmental policy of the state is needed, which would clearly define the strategy and tactics of improving relations between society, production and nature, the optimal combination of environmental and economic positions, criteria for the development of productive forces and economic and environmental production relations.
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Dovbush, Vita I. "SWOT ALTERNATIVE STRATEGIES AS A MARKETING POLICY TOOL OF BANK ALLIANCE JSC." Management 30, no. 2 (February 11, 2020): 51–61. http://dx.doi.org/10.30857/2415-3206.2019.2.4.
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Introduction. The banking market is one of the most important and integral components of a modern market economy. Therefore, there is growing interest in various aspects of banks' activities and methods of managing them. Banks have gradually become the main intermediaries in the redistribution of capital, in ensuring the continuity of the economic reproduction process. The conditions of increasing competition and commercialization of activity dictate the need for reorganization of structures, development of flexible market strategies, segmentation of the banking services market, development of new segments, services and methods of service.Scientific research hypothesis. Negative external and internal factors have a significant impact on the formation of the banking environment. In order to gain competitive advantage, build an effective organizational and management structure, achieve high results of core business, meet customer needs, banks need to implement strategic management tools and methods. The relevance of the topic is related to the ability of a particular bank to use all its existing and potential benefits to build a model for further development.The purpose of the article is to use the basic tools of banking marketing for a practical study of the activities of JSC Bank Alliance, namely: to analyze its status in the financial market and position among other banking institutions, identify its opportunities and threats, analyze the marketing environment, etc.Research methods: formal-logical (comparison of analogies, modeling), economic-statistical (grouping) and content-logical (analysis and synthesis).Results. The article deals with the basic banking marketing tools that influence the efficiency of banking institutions. A situational analysis of the bank is conducted as one of the possible ways of researching and evaluating the activity of the bank and displaying links with the external environment. An internal analysis of the bank was conducted, including studies of financial and organizational aspects of operation, which highlighted the strengths that have a positive impact on the banking institution, and the weaknesses that are most vulnerable and need to respond quickly with the necessary measures to minimize their impact. A study of the bank's external environment made it possible to identify opportunities that the bank could use to achieve its goals and threats that the bank has no influence from, which are exerted by the negative environment. Possible combinations of indicators of each field of the SWOT matrix that affect the bank's competitiveness are investigated.Conclusions. The proposed SWOT analysis matrix for Bank Alliance makes it possible to streamline the processing and analysis of information, facilitates management decisions to formulate the overall strategy of the bank, taking into account all the features.
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Abdugaffarova, Nilufar, Saida Umarova, and Alim Juraev. "The role of cytomorphological studies in screening cervical cancer in the Republic of Tajikistan." Problems in oncology 68, no. 2 (April 30, 2022): 232–38. http://dx.doi.org/10.37469/0507-3758-2022-68-2-232-238.
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Introduction. Currently, in developed countries, virological screening is used as the main screening tool, and the Papanicolaou cytological control service is used as an auxiliary one. For countries with limited financial resources, WHO has recommended various options for an imaging screening strategy called «screening, diagnosis and treatment». Aim. The choice of the optimal model for the use of cytological studies, economically justified for our country, against the background of the expanding population-based visual screening of cervical cancer. Material and methods. The data of official statistics and the results of the pilot design of the WHO screening and treatment strategy in the Kushoniyon district of the Khatlon region and B. Gafurov district of the Sughd region were used. Results. As this study has shown, over the past decades in the Republic of Tajikistan, cytological screening for cervical cancer has fallen into complete decline and in recent years provides only 4.73% of women of reproductive age. Cytological examinations of cervical smears in the country are performed only as an additional test in cases of suspected cervical intraepithelial neoplasia. Due to the existing economic problems in the country, since 2016, the visual screening recommended by WHO for countries with limited resources has been introduced in a pilot way. The first results of the pilot implementation of visual screening have shown its high efficiency at a low economic cost. However, the question of the role of cytological studies against the background of coverage of the population with visual screening remains unclear. The economic feasibility and scale of the reorganization of cytomorphological support for cervical cancer screening in the Republic of Tajikistan was confirmed. Conclusions. In the conditions of the Republic of Tajikistan, as a result of the widespread coverage of the population with visual screening, Papanicolaou cytological studies will serve as an auxiliary tool and can be reorganized on the basis of the Republican Cancer Research Center and its regional and interdistrict divisions.
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Shrader, Mark J., and Kent A. Hickman. "Economic Issues In Bankruptcy And Reorganization." Journal of Applied Business Research (JABR) 9, no. 3 (September 29, 2011): 110. http://dx.doi.org/10.19030/jabr.v9i3.6047.
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This paper examines current issues in bankruptcy and reorganization. Bankruptcy is an area of high research interest because of its implications for corporate financial decisions and because of the increased occurrence of financial distress in the U.S. economy. The paper discusses the role of bankruptcy in the economy and examines the efficiency of current bankruptcy laws and practices.
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Kalchenko, Olha. "САНАЦІЯ ЯК СПОСІБ ЗАПОБІГАННЯ БАНКРУТСТВУ ПІДПРИЄМСТВ." PROBLEMS AND PROSPECTS OF ECONOMIC AND MANAGEMENT, no. 1(21) (2020): 220–28. http://dx.doi.org/10.25140/2411-5215-2020-1(21)-220-228.
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Given the instability of the political and economic situation, which negatively affects solvency of domestic enterprises and threatens their bankruptcy, issues of financial recovery of economic entities are now becoming particularly relevant. Within the article, importance of the reorganization of enterprises in the context of ensuring their financial stability, liquidity and solvency in crisis conditions is considered; it is proved that reorganization is an objective necessity of market management; it is complex and covers financial, production, organizational and social aspects of the enterprise operation. Theoretical approaches to the definition of reorganization are studied; the author's vision of this term is substantiated, the main purpose of reorganization of enterprises is defined. A statistical analysis of the state of bankruptcy proceedings and the effectiveness of its procedure during 2011 – 2019 is carried out.
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REDZIUK, Yevhenii. "Financial and economic mechanisms and tools to influence world economic processes." Naukovi pratsi NDFI 2021, no. 4 (December 24, 2021): 34–47. http://dx.doi.org/10.33763/npndfi2021.04.034.
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Duțescu, Adriana, and Cristina Stroie. "The enterprise risk profile - a financial and managerial health indicator - comparative study." Proceedings of the International Conference on Business Excellence 12, no. 1 (May 1, 2018): 349–62. http://dx.doi.org/10.2478/picbe-2018-0031.
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Abstract The current paper explores the role that risk profile analysis plays in maintaining the financial and managerial health of companies, within the reorganization process (a phase of insolvency procedure). During the modern era, the attempts to regulate insolvency proceedings, in order to redefine the principles governing them, have made possible a strong international collaboration and have generated a set of reforms designed to effectively address the global phenomenon of insolvency. The main purpose of the new regulations is to give a second chance to the honest debtor and to support him and his/her business in their recovery efforts. Thus, the reorganization of companies becomes an essential attribute of the free, functional market economy, based upon free competition. EU-wide statistics for 2016 show that over 200,000 businesses are annually affected by bankruptcy, which leads to the loss of more than 1.7 million jobs each year. The situation is particularly important for the economies of all countries involved, regardless of the development level. Because of constant business threats, managers should be aware at all times of the economic and financial indicators, seeking for the vulnerable areas of their business and for those with development potential. Identifying a company’s risk profile involves analyzing all the risks that affect the entity (market risk, bankruptcy, liquidity risk, operational risk etc.). A very important factor concerning the reorganization of a company is the tax policy and this paper further explores the subject, by focusing on Romania‘s business patterns, compared to the international framework, based upon the statistics for reorganization procedures, the applicable legal framework, the creditors' policy to encourage recovery etc. The purpose of this study is to highlight the causes that might limit the recovery of companies, during the reorganization procedures in Romania and, as a further research, to analyze the opportunity of developing an economic risk analysis model able to predict the future reorganization of companies. It would represent a barometer of financial and managerial health.
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Миславская and N. Mislavskaya. "Reorganization of legal entities by merger." Auditor 1, no. 9 (September 17, 2015): 45–53. http://dx.doi.org/10.12737/13231.
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Despite the fact that the reorganization through merger is one of the most common ways to reform and change
the format of the financial and economic activity of the organizations, the number of issues related to the conduct of the
process is not reduced.
The article discusses stages of organizational and legal aspects of the merger, given the mandatory procedural matters,
without which can not do any one legal person in the course of this type of reorganization. It is also a practical example
explains the methodology and peculiarities of the accounting reporting joining organizations and the successor.
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Struchok, N. N., I. R. Udud, and O. M. Vivcharuk. "THE FINANCIAL-ECONOMIC SAFETY TOOLS OF TOURISM INDUSTRY ENTERPRISES." Financial and credit activity: problems of theory and practice 4, no. 27 (December 31, 2018): 250–58. http://dx.doi.org/10.18371/fcaptp.v4i27.154203.
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Бурмистрова and Larisa Burmistrova. "Essential Tools of Financial and Credit Management’s Economic Basis." Administration 3, no. 4 (December 10, 2015): 18–26. http://dx.doi.org/10.12737/16693.
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The proposed work includes issues related to the essence of such basic categories as finance, credit and
money. These categories can be considered separately, when their substance, originality, and functions are
identified, as well as together. The relationship and interpenetration of these categories into each other have
been demonstrated in this work. An attempt has been made to prove that in modern conditions of economy
and society development it is already impossible manage separately the finance, credit and money. The
management should be integrated.
The need for in-depth study of the issues related to finance, credit and money management are dictated
by the society’s development level. Under modern conditions not only professionals, but also people from
all walks of life in one way or another possess the above mentioned categories. In everyday life we are
permanently faced with problems of finance, credit and money. Thus, the modern specialist should be well
versed in entity, functions, practical features of these categories, and be able to assess and manage them.
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Nosan, N. "The role of banks’ financial recovery in the context of increasing public confidence in banking system of Ukraine." Galic'kij ekonomičnij visnik 66, no. 5 (2020): 113–19. http://dx.doi.org/10.33108/galicianvisnyk_tntu2020.05.113.
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The role of reorganization measures in improving the financial condition of troubled banks in Ukraine in order to increase public confidence in banking system is investigated in this paper. It is noted that instability of the banking system of Ukraine reduces the liquidity of banking institutions, can result in bankruptcy. The application of ineffective rehabilitation tools can lead to the institution dissolution. It reduces the level of public confidence in banking system of Ukraine. Five main factors of the low level of public confidence in banking system of Ukraine (massive bank closing, low financial literacy of the significant part of people, «shadowing» of the national economy, lack of effective rehabilitation mechanisms due to absence of comprehensive management policy, macroeconomic instability) are presented.The peculiarities of the bank's bankruptcy, the reasons for the deterioration of solvency in comparison with other business structures are considered. The main methods of financial recovery of commercial banks in order to prevent loss of solvency and bankruptcy in Ukraine are considered. It is noted that the bank's reorganization mechanism should provide not only direct reorganization measures, but also comprehensive diagnosis of insolvency and bankruptcy, timely detection of insolvency risk. The main disadvantages of the current practice of reorganization, particularly, the peculiarities of meeting the needs of the bank's clients since the recognition of its financial insolvency are considered. The main measures for the improvement of financial mechanism of bank rehabilitation increasing confidence in the banking system of Ukraine as a whole (formation of banking consortia, improvement of competence and skills of the bank temporary administration, detailed development of the legal mechanism of practical rehabilitation measures implementation, involvement of the representatives of the Deposit Guarantee Fund into the process of troubled banks search and carrying out reorganization measures, development of the program of informing the population about actions in emergency situations by the Deposit Guarantee Fund) are proposed.
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Seklecova, Olga, Oxana Komarcheva, and Olga Karpova. "Financial and Analytical Tools for Sustainable Business Development in Mining Region." E3S Web of Conferences 278 (2021): 03017. http://dx.doi.org/10.1051/e3sconf/202127803017.
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The stability of economic entities is the ground for sustainable development of the region. It is customary to group indicators of sustainable development of economic entities in economic, social and environmental terms. The analysis of the economic activity of a typical business unit in an extractive region was carried out based on financial and public non-financial data using the methodology of financial analysis. The authors identified the main development trends and risks of the economic entity.
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Wever, Kirsten S., and Christopher S. Allen. "The Financial System and Corporate Governance in Germany: Institutions and the Diffusion of Innovations." Journal of Public Policy 13, no. 2 (April 1993): 183–202. http://dx.doi.org/10.1017/s0143814x0000101x.
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AbstractGermany's economic resilience, even in the face of the extreme pressures of unification, cannot be explained by the neoclassical economic approach. Its social market institutions induce the major actors in the political economy to negotiate over the terms of economic and political adjustment in such a fashion as to diffuse innovative new organizational and institutional practices broadly and thoroughly throughout the economy and polity. The reorganization of the financial sector and the spread of new forms of workplace organization and corporate governance are used to illustrate this dynamic. The paper concludes with implications for how we think about regulation.
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Golyan, V., and Y. Zastavnyy. "FINANCIAL AND ECONOMIC REGULATION OF AGRICULTURAL PRODUCTION: PRIORITIES AND TOOLS." Agrosvit, no. 3 (February 21, 2020): 20. http://dx.doi.org/10.32702/2306-6792.2020.3.20.
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Duskobilov, Umidjon. "Impact of Economic Regulation through Monetary Policy: Impact Analysis of Monetary Policy Tools on Economic Stability in Uzbekistan." INTERNATIONAL JOURNAL OF INNOVATION AND ECONOMIC DEVELOPMENT 3, no. 1 (2017): 65–69. http://dx.doi.org/10.18775/ijied.1849-7551-7020.2015.35.2005.
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Monetary policy is an integral part of economic development strategy in any economy due to its significant impact on economic sustainability. It has been an effective tool for regulating the economy through several tools. Nowadays the use of monetary policy tools to manage economic growth processes is a common practice in all market economies by balancing money supply and demand in domestic markets, increasing the benefits from foreign trade by exchange rate and overall financial flows by monitoring inflation rate trends. However, most effective tools are refinancing rate, mandatory reserve requirements and sterilization operations, which have direct linkages to financial flows, money supply, inflation, and exchange rate. In this paper, the author examined the impact of monetary policy tools on economic regulation in Uzbekistan by analyzing the relationship between monetary policy tools and economic growth. Empiric analysis revealed that monetary policy tools influenced positively on economic growth with a long-term relationship.
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Nicoară, Mihaela. "The Reevaluation of Tangible Fixed – Accounting and Tax Implications." International conference KNOWLEDGE-BASED ORGANIZATION 26, no. 2 (June 1, 2020): 63–70. http://dx.doi.org/10.2478/kbo-2020-0054.
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AbstractThe revaluation of the assets represents the economic operation as a result of which the carrying amount of the assets is correlated with their current value, thus ensuring relevant data registration in annual financial statements and, through this, more accurate information of accounting data users. The evaluations made during the reorganization of enterprises (fusions, divisions) don’t form a revaluation, these evaluations aiming the determination of the exchange ratio of all the balance sheet elements. Exceptions are the cases where the date of the financial statement that underlies the reorganization is the same date of the annual financial statements. The revaluation of tangible assets is made at their fair value at the date of the balance sheet. The assets’ fair value is determined based on evaluations usually made by authorized evaluators, according to the law. The historical costs principle is based on the hypothesis of the stable monetary union, which means that is respecting the nominal values of the currency without taking into account of the purchasing power variations. The practice in the field showed that the application of the fair value in accounting is leading to obtain annual financial statements which provide better information regarding the present and future performances of the economic entity.
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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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Furdychko, Orest, Oksana Drebot, Nina Palianychko, and Stepan Dankevych. "Tools of the Financial and Economic Mechanism for the Balanced Use of Forestry Land in Ukraine." Accounting and Finance, no. 4(90) (2020): 144–57. http://dx.doi.org/10.33146/2307-9878-2020-4(90)-144-157.
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This article presents the author's point of view for to improve of the tools of the financial and economic mechanism of balanced use of forestry land with a description of foreign experience and the definition of priorities for Ukraine. The purpose of the study is to provide a theoretical and methodological justification of the characteristics and organizational and economic factors of improving the tools of financial and economic mechanism and their impact on ensuring balanced use of forestry land. Methods used: dialectical method of cognition – for the analysis of laws and regulations and scientific works of scientists on the issue of balanced use of forest land; analysis of the most pressing problems of functioning of economic and financial tools of the financial and economic mechanism of balanced forestry land use in comparison with the European experience; synthesis and logical generalization of conceptual bases of necessity and preconditions for improving tools; monographic – to identify factors for improving tools; graphical, correlation-regression analysis; abstract-logical theoretical generalizations and formulation of conclusions; method of analogies – the transfer of influences that have been found in other territories with similar objects and properties, to the territory under consideration. It was substantiated that adaptation of foreign experience, introduction of international standards to ensure balanced use of forestry land are impossible without the use of such scientifically grounded and environmentally balanced components of the financial and economic mechanism as environmental, economic, financial and organizational tools. Based on foreign experience, a basis has been prepared for improving the taxation of forestry land use in Ukraine. It was proposed to adopt foreign experience regarding the functioning of the economic and organizational instruments of the financial and economic mechanism for the balanced use of forest lands by creating and registering a commodity right to carbon in forests, trading it and monitoring it.
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Baba, Camelia Mirela, Constantin Duguleană, Marius Sorin Dincă, Liliana Duguleană, and Gheorghița Dincă. "The Demerger Impact upon Sustainable Development of Economic Entities: Evidence from Romania." Sustainability 13, no. 15 (July 26, 2021): 8316. http://dx.doi.org/10.3390/su13158316.
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The Covid-19 induced economic crisis has significantly affected almost all businesses from nearly every sector, causing severe financial problems, lack of cash assets, and decrease of revenues. In this context, the economic entities were forced to look for adjustment and rescue solutions of their activities. One possible solution for the recovery and reorganization of economic entities’ activities is demerger. This paper evaluates the impact of demerger upon the sustainable development of economic entities in terms of economic efficiency and financial performances. To achieve this goal, a statistical analysis of profitability ratios before and after the demerger, as well as a structural analysis of 268 demerger projects for the April 2012–April 2021 period, were performed. The results attest there are no significant differences between the ex-ante and ex-post financial performances. However, demerger seems to have a positive effect upon analyzed companies helping them to overcome economic hardships, rethink their business strategies, and continue their activity in the medium and long-term time horizon.
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Буздалина, О. Б. "cted aspects of improving public finance management tools." Audit and Financial Analysis, no. 1 (March 30, 2021): 52–59. http://dx.doi.org/10.38097/afa.2021.33.18.008.
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В настоящее время важное внимание уделяется вопросам качественного управления финансовыми ресурсами государства, которые необходимы для развития экономики государства. Качественное управление подразумевает и эффективное и ответственное управление, что позволяет обеспечить устойчивость национальной бюджетной системы и социально-экономического роста. Эффективное и ответственное управление государственными финансами имеет важное значение с точки зрения обеспечения устойчивости национальной бюджетной системы, а также обеспечения общей финансовой безопасности и устойчивого экономического роста. Currently, important attention is paid to the issues of high-quality management of the state's financial resources, which are necessary for the development of the state's economy. High-quality management implies effective and responsible management, which ensures the sustainability of the national budget system and socio-economic growth. Effective and responsible public financial management is essential to ensure the sustainability of the national budget system, as well as to ensure overall financial security and sustainable economic growth.Public finances are managed through economic policy. The purpose of which is the following defining positive characteristics, including: improvement of the quality and standard of living of the population, sustainable economic growth, development of the social sphere of the state, possible provision of financial independence, macroeconomic balance, a positive balance of payments, a balanced deficit-free budget, reduction of public debt, stability of the national currency, as well as ensuring the social stability of citizens, with the help of laws, norms and rules of the financial system.
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ZAKHARCHENKO, N. V., N. V. ORLOVA, and Y. S. VOLNEVYCH. "TOOLS OF INNOVATIVE DEVELOPMENT OF THE FINANCIAL MARKET OF UKRAINE." Economic innovations 23, no. 3(80) (August 20, 2021): 133–42. http://dx.doi.org/10.31520/ei.2021.23.3(80).133-142.
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Topicality. The urgency of the prospects for the development of the financial market of Ukraine through the introduction of financial innovations today is growing due to the need to build a stable financial system in modern conditions, which is a crucial factor in socio-economic development of any state. This explains the special attention to the development of the financial market, which is a key conductor of financial resources in the real sector of the economy, ensures the movement of capital in the areas most responsible for the economic security of the country.Globalization of the financial space and competition in financial markets increase the importance of tools for the formation of competitive advantages of national financial markets, creating conditions for sustainable and efficient development of the national economy. As a result, the role of financial innovations is growing, because without them it becomes impossible to develop the financial market in today's competitive environment. That is why the study of this topic is extremely relevant and extremely necessary.Aim and tasks. The aim of the article is to develop theoretical, methodological provisions and practical proposals that should justify the need for financial innovation as a major component of further development of the financial market of Ukraine by identifying problems of the state financial market, the necessary prerequisites and ways to develop in modern market conditions.Research results. Ukraine's financial sector has long been a driving force for economic growth and financial development, as well as a source of financial and economic crises. In Ukraine, the development of the financial market is possible through the introduction of radically new financial management tools that would solve the main problems. However, it is necessary to meet some preconditions for their solution, namely to make institutional and infrastructural compliance in the processes and rules of mechanisms for development, implementation and control of financial innovations, to prepare the structure of economic sectors and households to use new financial services, tools and products and pay attention to the financial culture of the population. Fulfillment of these preconditions for the development of the financial market and the introduction of innovations is necessary, they form the foundation for global changes in the country's financial system and the disclosure of financial potential.Conclusion. For Ukraine, the formation and further development of the financial market is a prerequisite for the emergence of a powerful source of investment that will be directed to sectors of the economy through the accumulation of free cash. The functioning of the financial market is impossible without the work of the financial system and the course of innovative development of the financial sector, which ensures the normal existence and development of the state. To do this, it is necessary to develop a comprehensive approach to solving existing problems, which is why further research on the financial market of Ukraine and prospects for its development through the introduction of financial innovations should be devoted.
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Boltava, A. L., V. A. Budtueva, and V. A. Romanova. "Tools for assessing the financial stability of the enterprise." Scientific bulletin of the Southern Institute of Management, no. 2 (June 25, 2020): 35–41. http://dx.doi.org/10.31775/2305-3100-2020-2-35-41.
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This article describes in detail one of the main tools for assessing the financial stability of an enterprise. The study describes a method for analyzing the financial stability of an enterprise based on relative indicators: its own working capital, the aggregate of its own and long-term funds, the total amount of sources for the formation of reserves and costs of an economic entity, and shows practical calculations on the example of an economic entity. The study reveals the essence of the method for determining one of the four types of financial situation: absolute stability, normal stability, unstable and crisis financial condition. The types are characterized based on the values of the threecomponent indicator of financial stability. Based on the results of the analysis of financial stability based on relative indicators, conclusions and proposals are made, with emphasis on the stabilization of the financial situation. The advantages and disadvantages of using the studied tool for assessing the financial stability of the enterprise are also highlighted.
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Zenkina, I. V. "Modern features and tools to analyze the insolvency (bankruptcy) of organizations." Economic Analysis: Theory and Practice 19, no. 12 (December 25, 2020): 2301–35. http://dx.doi.org/10.24891/ea.19.12.2301.
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Subject. The article considers the definition of specific methodological aspects, systematization of methodological approaches and substantiation of tools for the analysis of insolvency (bankruptcy) of economic entities, which enable to timely diagnose negative changes in organization’s financial condition, take measures to prevent unfavorable developments in the situation, and optimize the management impact on business stability. Objectives. The purpose is to determine methodological tools relevant to the analysis and forecast of organization’s insolvency (bankruptcy) to ensure their high quality, clarification of financial and non-financial indicators for deeper analysis, and objective conclusions regarding the financial prospects. Methods. The paper employs analysis and synthesis, detailing and generalization, comparison, abstraction, analogy, economic and mathematical modeling, systems and strategic approaches. Results. The paper shows signs and types of bankruptcy of economic entities, systematizes external and internal factors of organizations’ bankruptcy, includes the results of statistical analysis of economic entities’ bankruptcy in the Russian Federation, defines the methodological features of the analysis of insolvent organizations and its information base, generalizes methodological approaches and tools for analyzing the insolvency (bankruptcy), offers and underpins financial and non-financial indicators that are valuable for using in the framework of in-depth analysis and assessment of the likelihood of insolvency (bankruptcy). Conclusions. The proposals aim at increasing the validity of the organization’s assessment in terms of its compliance with the going concern principle, ensuring the adequate economic, legal and financial characteristics of the business, and formulating objective conclusions on possible bankruptcy and risks for stakeholders.
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Маевская, Елена, and Elena Maevskaya. "Development of the Methodical Tools of Strategic Analysis of the Economic Entities’ Financial Resources." Scientific Research and Development. Economics 5, no. 5 (November 1, 2017): 27–33. http://dx.doi.org/10.12737/article_59e5da0de6cf33.89784908.
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This article is devoted to the formation of the concept of strategic analysis of the economic entities’ financial resources. The analysis of the financial resources is one of the key moments in assessment of the activities of economic entities as it creates a basis of the effective financial policy, is far beyond a research of the financial relations, the account and count of the monetary capital and it has strategic objectives and tasks. Today essence of a multipurpose approach to the analysis and assessment of the financial resources, which is characterized by conditions of the rapidly changing market environment, is not fully revealed. All this allows drawing a conclusion on need of carrying out researches in this field. In article the conceptual approach to the strategic analysis of economic entities’ financial resources is offered. The multistage system is created and the methodology of carrying out strategic analysis of financial resources of economic entities is presented.
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Kuijl, Hans, and Jan Adriaanse. "Resolving Financial Distress: Informal Reorganization in The Netherlands as a Beacon for Policy Makers in the CIS and CEE/SEE Regions?" Review of Central and East European Law 31, no. 2 (2006): 135–54. http://dx.doi.org/10.1163/157303506x129350.
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AbstractIn times of economic decline, increased attention is devoted to companies in financial difficulties. Partly as a result of this basic fact, many countries are currently working (under pressure) to improve existing insolvency legislation. This seems to be largely fuelled—as is the case in The Netherlands—by a strong desire to prevent bankruptcies as much as possible.Statutory legislation aimed at the deferment (or remission) of debt payments is introduced or relaxed in order to provide a fresh start for insolvent companies. An alternative possibility—in the form of informal reorganization—seems often to have been overlooked by legislators. This type of reorganization, therefore, is the focal point in this article.As far as the stimulation of rescue operations is concerned, the authors conclude that legislators must particularly focus their attention on informal reorganization. The thought is that such a policy focus for (member states in) the EU may also be of relevance (in whole or in part) for countries in the CIS/CEE/SEE regions.
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Robock, Zachary. "Economic Solutions to Nuclear Energy's Financial Challenges." Michigan Journal of Environmental & Administrative Law, no. 5.2 (2016): 501. http://dx.doi.org/10.36640/mjeal.5.2.economic.
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This Note presents a legal, economic, and regulatory roadmap to drive long-term innovation in sustainable energy generation. Next-generation nuclear power, which fundamentally mitigates many safety and nuclear waste issues, is the focus of this Note; however, the economic concepts can be applied to encourage solar, wind, advanced battery, and other sustainable technologies with high upfront costs and low long-term variable costs. Advanced nuclear energy generation is economically competitive on a long-term levelized cost basis, but suffers from a timing issue—a large amount of capital is needed upfront, with repayment over several decades, during which time significant capital costs can accrue (e.g., compounding interest, often at unfavorably high interest rates). This Note offers solutions to offset capital costs in both regulated and deregulated energy markets, including tools to accelerate recognition of future revenue and to reduce interest rates.
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Kopanchuk, Volodymyr, Oleh Kravchuk, Vadym Torichnyi, Anastasiia Metil, Oleksii Kurtsev, and Olena Kopanchuk. "Anti-Corruption Tools of Financial Risk Management in Public Administration." International Journal of Innovative Research and Scientific Studies 4, no. 4 (December 29, 2021): 269–77. http://dx.doi.org/10.53894/ijirss.v4i4.297.
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Every country is concerned with the problem of corruption. Selfish misuse of public office undermines the people's confidence in government and institutions, makes public policies less effective and fair, and misuses taxpayer funds that could be used to build schools, roads and hospitals. Financial risk management in public administration is based on risk assessments and finding tools to help influence them. To develop practical tools for financial risk management, the authors studied the economic practises that determine the features of financial risk assessment. They identified the elements that can motivate financial risks, including three stages of identification and analysis of risks, analyzed the main stages and indicators of assessing an organization's financial condition based on the balance sheet, produced a risk assessment algorithm and risk minimization methods in managing financial activities, and conducted a comparative analysis of financial risk assessment methods. Based on the Professional Integrity Framework proposed by the Organization for Economic Cooperation and Development, the authors developed basic measures to mitigate the potential negative consequences and proposed seven financial risk management tools for public administration. The proposed anti-corruption tools will help significantly reduce financial risks in public administration and corruption in general.
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GUDZENKO, Nataliya, Natalia KOVAL, and Tetiana KORPANIUK. "ACCOUNTING PROCEDURES FOR REORGANIZATION OF BANKING INSTITUTIONS." "EСONOMY. FINANСES. MANAGEMENT: Topical issues of science and practical activity", no. 1 (41) (January 2019): 122–35. http://dx.doi.org/10.37128/2411-4413-2019-1-10.
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The domestic banking sector should become one of the main driving forces of the structural reorganization of the industrial and agricultural sectors. To implement this objective, it is necessary to develop a powerful banking system based on stable banking institutions. In such conditions, the ability to manage the financial stability of banking institutions, identify signs of instability and bankruptcy in a timely manner, and, if possible, try to neutralize or eliminate them is of great significance. The necessity of implement measures aimed to stabilize the banking system in conditions of the instability of the external environment is substantiated. Peculiarities of the reorganization of banking institutions as one of the effective measures intended to avoid bankruptcy and to stabilize the financial situation are revealed, attention is paid to the need to improve the solvency of domestic banks in the conditions of economic and political instability, as well as the global financial crisis. On the basis of statistical data, the analysis of the reasons for the reorganization and termination of the activity of banking institutions is carried out, the domestic banking market and the world tendencies are compared. According to the analysis of the unsatisfactory quality of banking assets, there have been identified 8 types of inadequate practices for portfolio management of loans and investments in bankrupt foreign banks, including liberalism in providing loans, significant shortcomings in financial reporting, excessive lending, incomplete documentation in the field of taxation. According to the results of the study, the possibilities of reorganization of the banking institution and termination of activity are summarized. In particular, preconditions for reorganization, purpose, and methodological principles of reorganization of commercial banks are highlighted. By its content, the form of reorganization can be unifying, distributive and reorganization can be performed through transformation. Unifying forms include mergers and acquisitions. The procedure of reorganization is complicated by the mechanism for implementation and reflection in accounting and depends on what conditions it will be implemented (what status will be obtained by the future financial and credit institution). In practice, there arises a problem of the complexity of combining the balances on the accounts of the legal predecessor and successor. To solve the problem, it is proposed to add additional records into the accounting registers and new subaccounts and analytical accounts for the accounting of assets and liabilities. The types of bankruptcy are characterized according to the classification criteria and their classification is specified in various aspects (legal, control, accounting) taking into account the requirements of accounting, analysis and preparation of the corresponding reporting. The legal aspect covers all proposed types of bankruptcy, since any type of bankruptcy concerns the rights and interests of legal entities and individuals. However, not all types of bankruptcy are inherent in the control or accounting aspects. The article substantiates the list of accounting objects for various types of reorganization (merger, transformation), since the procedure of reorganization includes transactions for the registration of successor companies); the attention is focused on the problems of displaying in the accounting of claim settlements and the need for their analytical detailing, which expands information capabilities of the register of creditors’ claims, increases the transparency of information for external users and reduces the risk of non-payment. A promising direction is the improvement of organization of management accounting using the system approach, so that accounting support for the process of reorganization should be considered together with the formation of the appropriate methodology, effective management and modern information technology. The accounting policy should ensure the possibility of formation of the accounting information for the forecast of risks and possible bankruptcy of the commercial bank.
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Faccia, A., and D. Mosco. "Understanding the Nature of Accounts Using Comprehensive Tools to Understand Financial Statements." Financial Markets, Institutions and Risks 3, no. 3 (2019): 18–27. http://dx.doi.org/10.21272/fmir.3(3).18-27.2019.
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Accounting is an integral part of the financial and economic activity of economic entities, regardless of the type of activity and industry in which the enterprise operates. This paper summarizes the arguments and counterarguments in the scientific discussion regarding the nature of accounts in accounting practice. The purpose of the study is to deepen the analysis of European financial accounting practices, in particular in the context of the use of methodological support for the classification of the nature of accounts. Particular emphasis is placed on the evolution of accounting practices: an analysis of the major evolutionary stages that have occurred in different historical periods in accordance with the social needs of society and the economic and financial consequences of such transformational changes. The systematization of literary sources on the subject made it possible to identify three key stages of the evolutionary development of accounting and the essential nature of accounts, in particular: 1) the prerequisites for the emergence of financial and accounting, confirmed by a written accounting record dated 1494; 2) implementation of business continuity accounting based on the use of adjusting records and in-depth study of the nature and nature of accounts; 3) substantiation of the practical implementation of the triple record based on the implementation of blockchain technology. Based on the theoretical studies, the author substantiates the need to use in accounting practice a three-dimensional method of accounting by economic entities, which will more accurately reflect the financial transactions carried out by the company and avoid possible economic mistakes. The study postulates the need to integrate the third book within the accounting system. Summarizing, the author substantiates the need to develop in the future convergent methods of balancing the dual accounting system and maintaining accounts with the third book. Keywords: financial and economic activity, financial reporting, accounting, double-entry, evolutionary development.
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Jumaniyozov, Inomjon. "Impact of Development Finance Institutions on Economic Growth: Implications for Reconstruction and Development Fund of Uzbekistan." INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE AND BUSINESS ADMINISTRATION 4, no. 2 (2018): 84–88. http://dx.doi.org/10.18775/ijmsba.1849-5664-5419.2014.42.1009.
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The International financial system has been increasingly supporting the economic growth in all economic groups of countries by offering a range of opportunities to push development paces. Establishment of financial development institutions is growth driving engine of both developed and developing countries through development-oriented projects and funding tools. However, developing economies are facing particular challenges in prioritizing the basic financing areas through the development of financial tools. This article analyses the impact of global development finance institutions on world economic growth and proposes policy and research-oriented recommendations for Reconstruction and Development Fund of Uzbekistan.
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Naryshkin, A. A. "Financial and Non-Financial Support of Export." MGIMO Review of International Relations 14, no. 2 (April 30, 2021): 72–91. http://dx.doi.org/10.24833/2071-8160-2021-2-77-72-91.
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Promotion of domestic companies interests abroad is the main task of economic diplomacy. Promotion of domestic goods and services in foreign markets ensures the coun- try's stable position in the world economy and economic stability within the state. Following economic boost, world trade and especially export growth may ensure not only country's economy growth, but also citizens welfare through mechanisms for reallocating funds. Value-added exports development in Russia has been brought to the rank of one of the key government goals. Russia has an export promotion institutions system. Some institu- tions have long history. Others have been created recently and based on foreign practices. The Russian government has developed the national project "International cooperation and export", it sets the goal to ensure export growth through effective interaction of existing institutions. The article reviews the foreign and domestic practices of export support through financial and non-financial instruments. They include market analysis tools, exhibition support, popu- larizing exports within the country, various export credit and insurance instruments pro- tecting the exporter from political risks in foreign markets. Author analyzes the legislative framework of key support measures and possible ways to improve efficiency by eliminating duplication in various institutions functions. It should provide a synergistic effect boosting their efficiency. The methodology of the study is based on a comprehensive analysis of the modern export promotion institutions system in Russia and abroad, a regulatory analysis of fundamental documents and a comparative analysis of export support measures. The extensive research subject has provided the usage of an interdisciplinary approach covering economic and po- litical research.
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Sokolova, Galina N. "FINTECH TOOLS IN THE FOREIGN ECONOMIC ACTIVITY OF THE EAEU COUNTRIES." Oeconomia et Jus, no. 3 (September 30, 2021): 52–58. http://dx.doi.org/10.47026/2499-9636-2021-3-52-58.
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A study of the use of Fintech tools in the field of foreign economic activity of the EAEU countries was conducted. The article highlights the role of digitalization in the development of the market of goods, services and capital in integration associations. Based on the actual data, the analysis of the situation in the sectors of the financial market of the EAEU countries was carried out and the features consisting in a high degree of differentiation of the development and dynamics of various segments of the financial market were highlighted. The analysis of Fintech tools has shown that in the field of foreign economic activity and support of foreign trade contracts concluded within the framework of the EAEU, there is no single electronic system which allows to effectively support export-import operations and promote interaction and development of corporate entities and enterprises of all forms of ownership. The analysis of existing approaches to the use of electronic systems in the field of foreign trade has shown that most of them are based on mobile operator platforms, which limits the development of digital tools. The unavailability of digital technologies or their absence in a number of EAEU countries indicates the underdevelopment of the digital culture of citizens of the EAEU countries. The article suggests ways to solve the current situation by creating a unified electronic trading system and a unified marketplace with the possibility of opening remote access to a variety of financial instruments for individuals and to attract the capital of companies; increasing the quantitative and qualitative parameters of the development of the financial center; unifying the reporting and auditing system of issuing companies, as well as ensuring the availability and transparency of innovative regulatory and control systems.
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Lyubenko, Andriy, Ruslana Shurpenkova, and Oksana Sarahman. "Increasing the financial stability of enterprises with the help of financial analysis tools." Herald of Ternopil National Economic University, no. 4(98) (February 20, 2021): 185. http://dx.doi.org/10.35774/visnyk2020.04.185.
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Introduction. In market conditions, the successful operation of the enterprise largely depends on the level of stability of its financial condition. If the company is financially stable, it has a number of advantages over other companies of the same profile to obtain loans, attract investment, in the selection of contractors and in the selection of qualified personnel. The higher the financial stability of the company, the greater it is regardless of changes in market conditions and, consequently, the lower the risk of bankruptcy. Therefore, the strategic goal of any business is to ensure financial stability.If the company is financially stable, solvent, it has a number of advantages over other companies of the same profile in obtaining loans, attracting investment, in choosing suppliers and in the selection of qualified personnel. The higher the resilience of the company, the more it is independent of unexpected changes in market conditions and, consequently, the lower the risk of bankruptcy.Purpose. To develop theoretical and methodological approaches to ensure the financial stability of enterprises based on the use of financial analysis tools.Methods. The study was conducted using general and special methods of cognition: observation, statistical, logical and comparative analysis, grouping, generalization and classification, systemic and structural approaches. The total analytical potential of the tools used ensured the reliability of the conclusions and recommendations obtained in the study. Results. The essence and significance of the financial stability of the enterprise are revealed, the directions of strengthening the financial stability of the enterprise by effective use of the tools of financial analysis are outlined. The main functional components that determine the economic stability of the enterprise and a system of measures that provides a timely response to deviations from the planned values of economic stability of the enterprise are identified.Prospects for further research. Prospects for further research are to deepen the methodological foundations of ensuring the financial stability of the enterprise through the tools of financial analysis and the formation of strategies and tactics to ensure the financial stability of enterprises.
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Trofimova, Elena A., Tatyana V. Bakunova, and Andrey S. Abakumov. "Financial and economic triggers as tools for innovative development of Russian regions." Market economy problems, no. 4 (2020): 51–61. http://dx.doi.org/10.33051/2500-2325-2020-4-51-61.
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Исследование направлено на выявление финансово-экономических триггеров инновационного развития российских регионов. Цель исследования заключается в эмпирической оценке влияния финансово-экономических триггеров на инновационное развитие регионов России с использованием эконометрических моделей. Объектом исследования являются финансово-экономические триггеры инновационного развития. На основе эконометрического анализа по 77 российским регионам за период с 2000 по 2018 гг. выделены показатели, способствующие или препятствующие инновационному развитию регионов России: доля населения региона в общей численности населения страны, ожидаемая продолжительность жизни при рождении, коэффициент миграционного прироста, доля выпускников среднего специального образования в общей численности населения. Предложены меры по социально-экономической политике.
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Kunytska-Iliash, M. V. "Scientific Views on the Structure of the Elements in the Financial Security Management System in Economic Sectors." PROBLEMS OF ECONOMY 3, no. 49 (2021): 147–52. http://dx.doi.org/10.32983/2222-0712-2021-3-147-152.
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It has been clarified that the process of ensuring the financial security of the economy is closely correlated with the establishment of an appropriate management system in this area. The article is aimed at substantiating scientific views on the structure of the elements in the financial security management system in economic sectors. To achieve this goal, it is ascertained that the financial security management system of an economy provides for grounding links and means of interaction with both senior systems (financial security of regions and the state, economic security, national security), and lower systems (financial security of enterprises). It is proved that structural aspects of financial security management in an industry relate to constructing an internal system of elements and organizing their interaction in order to form the unique properties and capacity of the system by management areas. A set of structural elements of the financial security management system in an economic sector is determined, which can be divided into several groups, namely: formation of an institutional and management structure; identification of strategic and tactical guidelines; introduction of a system of economic incentives and support; provision of information and analytical monitoring and control tools; and use of regulatory tools. It is proved that the effectiveness of the financial security management system in an industry is largely determined by the quality of the organizational management structure, rational choice of strategic and tactical guidelines, effectiveness of economic incentives and support, coordination of information and analytical monitoring and control, ability to use broad regulatory tools.
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Zubareva, Lyubov, and Nadezhda Puchkova. "Improving the tools of internal control in order to ensure the economic security of the organization." KANT 36, no. 3 (September 2020): 37–44. http://dx.doi.org/10.24923/2222-243x.2020-36.7.
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The study is devoted to improving the tools of internal control to develop a set of measures and tools aimed at ensuring economic security. In accordance with the goal, the objectives of the study are to determine the structural elements of financial monitoring in the internal control system; development of proposals to expand the risk management tools of a credit institution in the field of combating money laundering and terrorist financing using the financial monitoring mechanism.
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Bezrukova, T. L., V. G. Larionov, and I. V. Kuksova. "Ecological and economic management tools in forestry." IOP Conference Series: Earth and Environmental Science 875, no. 1 (October 1, 2021): 012044. http://dx.doi.org/10.1088/1755-1315/875/1/012044.
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Abstract The importance of this article is related to the development of new policies for the management of the forestry business. The emergence of new business practices requires a revision of existing business management systems or the acquisition of new unique management skills. This article highlights the key ecological and economic management tools in forestry, identified as a result of the study of the works of domestic and foreign authors, as well as the provisions of regulatory legal acts. The developed environmental and financial forestry management tools make it possible to consider both industries and economic entities for the impact on the environment, aimed at the prospects for the creation of a certain entity. Upon completion of this work, important environmental and economic management tools were adopted that will contribute to the formation of a management idea for forestry. When modeling the ecological and economic management of forestry, a rational option for regulating the instruments was chosen, which would bring the system to the desired state. It was concluded that it is necessary to maximize the coefficients regulating the instruments of environmental and economic management of forestry. It is also necessary to improve the environmental audit and insurance, the legislative mechanism, the introduction of trade rights in certain territories.
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Voznyak, Halyna V., and Liliya Ya Benovska. "Substantiation of behavioral patterns of decision-making by financial and economic entities at the regional level." Regional Economy, no. 1(99) (March 2021): 72–80. http://dx.doi.org/10.36818/1562-0905-2021-1-8.
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Understanding the psychology of management decisions and the ability to avoid the most common mistakes is the success of any financial and economic projects is outlined. Under conditions of uncertainty and under the influence of personal characteristics, the economic entity cannot objectively assess the risks and prospects, which leads to irrational decisions. An important task is to find mechanisms and tools to adjust the process of irrational decision-making by regional economic actors. The purpose of the article is to substantiate the behavioral patterns inherent in the decision-making process of financial and economic entities at the regional level. The following methods were used for the study: abstract-logical, comparative analysis, graphical visualization. The article presents three models of management decisions by financial and economic entities: classical, behavioral, irrational. The peculiarities of the behavioral model and the factors influencing an entity’s irrational decision-making are revealed. The most common effects that provoke irrational behavior of regional economic entities are highlighted. The behavioral approach has been transferred to the meso level because the irrational behavior of people can be traced at all levels of government, and behavioral effects can be considered in the context of the enterprise, community, region as a group of people and as a whole “organism”. A model of irrational management decision-making by a regional economic entity is built. The consequences of irrational management decisions of regional economic entities are clarified and tools for their correction are proposed. Such tools should contribute to 1. improving the information support of financial and economic entities, eliminating the deficit and asymmetry of information, increasing the digital competencies of information consumers; 2. accumulation of behavioral financial literacy, which will reduce the negative impact of behavioral prejudices and allow to predict irrational decisions, сontrolling the behavior of financial and economic entities.
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Adamenko, Iryna. "Financial stabilization in economic transformations." University Economic Bulletin, no. 43 (November 20, 2019): 126–33. http://dx.doi.org/10.31470/2306-546x-2019-43-126-133.
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Relevance of research topic. In the context of economic transformation, financial stability is a strategic objective of fiscal policy, which contributes to accelerating economic growth and revitalizing business activity in the country. Accordingly, ensuring effective influence on the social and economic processes of the public administration system involves reforming its components taking into account the globalization processes. Formulation of the problem. With the acceleration of the pace of financial and economic globalization, the issues of creating conditions for financial stabilization are being updated. An important direction in solving these issues at the state level should be to increase the effectiveness of fiscal policy. Analysis of recent research and publications. Issues of the formation and implementation of fiscal policy aimed at ensuring financial stability, acceleration of economic growth are presented in the papers of well-known domestic and foreign scientists: T. Bogolib, J. Buchanan, I. Zapatrina, G. Kucher, L. Lisyak, I. Lukyanenko, V. Makogon, P. Samuelson, J. Stiglitz, M. Pasichnyi, I. Chugunov and others. Selection of unexplored parts of the general problem. The mentioned questions are actualized in connection with the institutional transformations of the socio-economic model of the society’ development, which determine the need for increased effectiveness of fiscal policy. Much attention of financial institutions should be focused on ensuring financial stability and strengthening the stability of the financial system, strengthening its investment potential. Setting the task, the purpose of the study. The objectives of the study are to reveal the essence of the concept «financial stabilization», the definition of the peculiarities of the formation and implementation of fiscal policy in relation to its provision. The purpose of the study is to substantiate the strategic objectives of the fiscal policy on financial stabilization in the context of economic transformation. Method or methodology for carrying out the research. The article uses a set of methods of scientific research: system approach, structuring, analysis and synthesis, and others. Presentation of the main material (results of work). The essence of the concept «financial stabilization» is revealed, peculiarities of the formation and implementation of the fiscal policy concerning its provision are determined. The strategic tasks of fiscal policy concerning financial stabilization in the conditions of economic transformations are substantiated. The field of application of results. The results of this study can be used in the formation and implementation of fiscal policy in Ukraine. Conclusions according to the article. Ensuring financial stabilization is an integral part of the country's socio-economic development strategy. The tools of fiscal policy form a complex of financial and budgetary tactics. With their help, the implementation of the directions and tasks of the fiscal strategy is determined and the effectiveness of its implementation depends decisively. In the conditions of the formation of Ukraine as an independent state, the main reference point of fiscal policy was to ensure the solvency of the state as an instrument for creating conditions conducive to the revitalization of economic activity. At the current stage, the strategic goal should be to actively stimulate economic growth as the main instrument for ensuring financial stabilization through the rational management of public financial resources.
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Roshchektaev, S. A., and A. N. Pogrebenko. "Institutional Tools of Innovative Modernization of Russian Megapolis Financial Market." MGIMO Review of International Relations, no. 5(26) (October 28, 2012): 155–62. http://dx.doi.org/10.24833/2071-8160-2012-5-26-155-162.
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The article is devoted to the justification of a new group of institutional instruments of innovative modernization of the financial market of the modern Russian megapolis – integrated network of development institutions. It is shown that these institutions are focused on the integration of the economic space of the megapolis and the rational structuring of the financial market.
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Барсукова, Марина, Marina Barsukova, Людмила Федорова, and Lyudmila Fedorova. "THE ESSENCE OF THE FINANCIAL COMPONENT OF ECONOMIC SECURITY IN THE REGION." Russian Journal of Management 7, no. 3 (October 29, 2019): 41–45. http://dx.doi.org/10.29039/article_5db87fdc8e6181.90832232.
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Theoretical approaches to the management of the financial component of the economic security of the region, the concept of "financial security" with the identification of advantages and disadvantages, the author's definition of financial security of the region as the level of development of financial relations and the ability of the financial system of the region to ensure the protection of the interests of participants in these relations from threats, to form the prerequisites and resources for expanded reproduction, economic growth and sustainable socio-economic development of the territory, defined goals, objectives, management algorithm and tools of economic security in the financial sphere of the region.
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Demchuk, N. I., and H. A. Tkachenko. "FINANCIAL CONTROL KEY ELEMENT TO PROVIDE ECONOMIC SECURITY OF THE ENTERPRISE." Scientific Bulletin of Ivano-Frankivsk National Technical University of Oil and Gas (Series: Economics and Management in the Oil and Gas Industry), no. 1(19) (May 21, 2019): 155–62. http://dx.doi.org/10.31471/2409-0948-2019-1(19)-155-162.
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The article considers the essence of financial control and its importance in ensuring the economic security of the enterprise. It has been established that financial control is an effective coordinating system for ensuring the interconnection between the formation of an information base, financial analysis, financial planning and internal financial control, which ensures concentration of control activities. In the most priority areas of financial activity of the enterprise, timely detection of deviations of its actual results from the foreseen and the adoption of operational management decisions that ensure its normalization.
The views of leading scientists concerning the definition of the concept of financial controlling and its key elements are researched. Also, the key financial control functions are analyzed and analyzed in the article.
Six main concepts of financial controlling used for realization of functions of financial control in crisis conditions of management. The concept of generation of integrated planning and control tools; concept of production, sale or service; the concept of taking into account the specifics of the enterprise; the concept of the orientation of the movement of funds; use of the tools of the concept of financial control as the basis for making managerial decisions; management concept and management decision making.
The effectiveness of the company in difficult conditions, and especially in the long run, means not just survival in the market, but also ensuring high rates of development and competitiveness, is determined by the level of financial potential and quality of financial management in the enterprise. Which is provided by a certain extent with the effective organization and implementation of the financial system controlling. The application of the financial controlling system at the enterprise will enable to prevent emergence of crises, to identify the causes of financial problems and to effectively search for solutions to them. the primary task of financial control is the maintenance of liquidity and solvency of an enterprise, which can be achieved under the condition of financial planning with the current analysis of financial sustainability.
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Brumnik, Robert, Tamara Klebanova, Lidiya Guryanova, Sergii Kavun, and Olexandr Trydid. "Simulation of Territorial Development Based on Fiscal Policy Tools." Mathematical Problems in Engineering 2014 (2014): 1–14. http://dx.doi.org/10.1155/2014/843976.
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Modern approaches to the development of a national economy are often characterized with an imbalanced inflation of some economic branches leading to a disproportional socioeconomic territories development (SETD). Such disproportions, together with other similar factors, frequently result in a lack of economic integrity, various regional crises, and a low rate of the economic and territorial growth. Those disproportions may also conduce to an inadequate degree of the interregional collaboration. This paper proposes the ways of regulating imbalances in the territorial development based upon the fiscal policy tools. The latter can immediately reduce the amplitude of economic cycle fluctuations and provide for a stable development of the economic state system. The same approach is applied to control the processes of transformation of the tax legislation and tax relations, as well as the levying and redistribution of the recollected taxes among the territories’ budgets (this approach is also known as a tax policy). To resume, this paper describes comprehensive models of financial regulation of the socioeconomic territorial development that can help in estimating and choosing the right financial policy parameters. These provide the stable rates of the growth of national economies along with a simultaneous decrease in interregional socioeconomic disproportions.