scholarly journals FINANCIAL STABILITY OF THE ENTERPRISE: ESSENCE AND FUNDAMENTALS OF MANAGEMENT

2021 ◽  
Author(s):  
Yelyzaveta Tkachenko ◽  
Viktoriia Fatiukha ◽  
Olena Yaryshko
Keyword(s):  
Financial Stability ◽  
Government Regulation ◽  
External Factor ◽  
Internal Factors ◽  
Financial Condition ◽  
Factors Influencing ◽  
Future State ◽  
Timely Response ◽  
Definition Of ◽  
A Company

The article considers modern approaches to defining the essence of financial stability of the enterprise, based on the analysis of which the main features of the stable financial condition of the enterprise are highlighted. The definition of financial stability has been given. The place of the analysis of financial stability of the enterprise as one of directions of complex research of a financial condition of the enterprise has been studied. The main stages of managing the financial stability of the enterprise and a brief description of their content. Much attention was paid to the study of existing approaches to assessing the financial stability of the enterprise. The study of the level of financial stability of the enterprise can be based on the implementation of the following approaches: aggregate, coefficient, margin, point, balance, integral, factor and matrix. It is emphasized that the company in the process of analysis may choose different approaches, depending on the purpose, objectives and research program. It has been determined that it is advisable for companies to form their own system of criteria, which can be used in the process of assessing the current and future state of financial stability to study the financial stability of a company. The existing classifications of factors influencing the financial stability of the enterprise have been analyzed, and the classification according to the place of their origin has been carefully considered. It has been determined that the external factor can be divided into the following groups: economic, those that characterize the state of the market environment, demographic, political, legal, technological and others. Internal factors can be divided into operational, investment and financial. It has been emphasized that external and internal factors influencing the financial stability of the enterprise differ in the mechanism of response by the enterprise. The company can not influence the action of external factors, as they do not depend on the activities of the company, but are related to the nature of government regulation and economic development in general. Therefore, they need more attention to ensure timely response and adaptation to change. Internal factors are in the area of regulation of the enterprise, are important in terms of forming the strategy of the enterprise.

scholarly journals Methodological Aspects Concerning Evaluation of the Financial Stability of Companies in the Crisis Economy Conditions

2020 ◽  
Vol 8 (16) ◽  
pp. 513-527
Author(s):  
Elena V Levkina ◽  
Zhanna I Lyalina ◽  
Ekaterina A Kurasova
Keyword(s):  
Economic Crisis ◽  
Russian Federation ◽  
Financial Stability ◽  
Financial Condition ◽  
Current Period ◽  
Doing Business ◽  
The Status ◽  
The Russian Federation ◽  
Methodological Aspects ◽  
A Company

The financial stability of a company is one of the most important criteria for assessing the situation of enterprises both for the current period and for subsequent periods of functioning. Of course, every enterprise wants to have business liquidity, otherwise the basis of entrepreneurship collapses; however, the purpose of doing business is to make a profit. An enterprise can make good profits, but at the same time have large liabilities, that is, debts. In this case, it is difficult to call the company financially stable. The onset of the economic crisis in the Russian Federation only prompts the conduct of such studies. Firstly, because it is necessary to understand how the situation in the country's economy as a whole affects a single enterprise, and secondly, what the prerequisites for this influence can be noticed in advance and how to try to prevent them. The relevance of this study lies in the fact that today in Russia there are a number of difficulties with assessing the status of organizations and their adequate comparison with reality. There are many different methods for assessing the financial condition and, in particular, the financial stability of a company. However, when choosing one of them, it is necessary to consider them in order to identify the shortcomings of their application to certain market conditions. Identification of these disadvantages of different theories will allow us to competently and reliably analyse the financial condition of various companies. It is also worth noting that this topic is relevant not only for the companies themselves. The presence of positive dynamics of financial stability indicators as an integral part of the financial condition of the enterprise is one of the most important bases of investment attractiveness. Therefore, not only a company itself is interested in such studies in the inside, but also other market entities from the outside.

scholarly journals Methodological Aspects of the Internal Control Organization at the Enterprise and Financial Stability Analysis

2021 ◽  
Vol 11 (2) ◽  
pp. 1795-1813
Author(s):  
Nodira B. Abdusalomova
Keyword(s):  
Internal Control ◽  
Financial Stability ◽  
Scientific Article ◽  
Accounting System ◽  
Economic Activities ◽  
Financial Condition ◽  
Definition Of ◽  
Key Indicators ◽  
Methodological Aspects

The author analyzes the internal control organization in the management accounting system in this scientific article. In addition, the article is devoted to the definition of internal control and determination of the role of internal control in the financial and economic activities of the enterprise. As a result of the research, the author has developed proposals to analyze the key indicators, financial condition and profitability indicators reflected in the financial statements of the enterprise and to implement the process of planning internal control on the basis of improved stages. Moreover, the theoretical and methodological bases of the internal control system have been identified, ways to improve its reliability have been determined, and the method of organizing internal control in reliance upon the information system to raise production and sales, as well as to reduce costs has been proposed.

scholarly journals FINANCIAL STABILITY OF A BANK - FACTOR OF STABILITY OF BANKING SYSTEM

2018 ◽  
pp. 5-11
Author(s):  
Andrii Ramskyi ◽  
Inna Budnichenko
Keyword(s):  
Commercial Banks ◽  
Financial Stability ◽  
Banking System ◽  
Development Program ◽  
Financial Sustainability ◽  
Internal Factors ◽  
Financial Condition ◽  
Stage Of Development ◽  
Banking Institutions ◽  
The Stability

The article is devoted to the analysis of the financial stability of Ukrainian banks at the present stage of development and the identification of the main factors of influence that are associated with it. The main tendencies of development of the banking system of Ukraine are considered. The present state of the banking system of Ukraine is determined. Financial stability plays a significant role in planning the activities of commercial banks. In general, its indicators reflect the level of riskiness of the functioning of the entity of the banking system. Managing financial sustainability has a significant impact on the functioning of banks. That is why it is necessary to create special control departments in banking institutions. The research of financial stability of banks is based on financial sustainability indicators developed and used by the IMF and the World Bank as the basis for the "Integrated Financial Sector Development Program until 2020". The necessity of applying different methods for evaluating the financial stability of commercial banks has been established in order to identify a wider range of problems related to the efficiency of the functioning of the banking system. The description of  two main groups of factors, under the influence of which the financial stability of banks  undergoes changes, is presented. It was revealed that external factors have a more significant impact on the financial stability of a bank. In particular, the factors of mega environment have become more important when banks enter the international financial space. Internal factors lie mostly in the management plane, and it is just the inefficient management of the bank that leads to the disruption of its stable financial condition. Specific features of management of financial stability and methods of its evaluation are considered. The analysis of economic standards of the banking system of Ukraine is carried out. The measures are proposed to minimize the risks and maintain the stability of banking institutions at the required level for normal functioning in modern conditions. It has been proved that providing, supporting, analyzing and evaluating the financial stability of commercial banks is a driving force in the development of the banking system, and hence the entire Ukrainian economy.

scholarly journals Cash flow planning at the enterprise

2021 ◽  
Vol 2021 (2) ◽  
pp. 21-28
Author(s):  
Oleh Dorosh ◽  
◽  
Iryna Plish ◽  
Keyword(s):  
Cash Flow ◽  
Cash Flows ◽  
Production Costs ◽  
Economic Activities ◽  
Internal Factors ◽  
Financial Investment ◽  
Financial Condition ◽  
Business Entities ◽  
Operational Activities ◽  
Definition Of

Ensuring the efficiency of production and economic activities of the enterprise requires a constant turnover of funds and effective cash flow planning. The most important component that ensures the continuous operation of the company is cash receipts and expenditures, which show the current financial condition of enterprise, are used to cover production costs, as well as ensure the solvency of the enterprise and the ability to avoid financial debts to banks, government and other business entities. Cash flow planning for domestic enterprises is particularly acute. This manifested itself in the crisis created by the Kovid-19 pandemic. The presence of a financial cushion saved a number of companies from bankruptcy, however, the consequences of an unfinished pandemic are ahead. Therefore, given the above, the relevance of cash flow planning and the formation of basic concepts on this topic is undeniable. The task of the article is to identify the features of cash flow planning of the enterprise and build a clear sequence of this process. The article analyzes the definition of "cash flow", "cash flow planning" and provides a generalized definition of these concepts. The key types of cash flows that are present in the enterprise are given. The main external and internal factors that affect the cash flow of the enterprise are presented. The process of cash flow planning is carefully researched and the sequence of cash flow planning by types of production and economic activity is developed with clear detailing of each stage, where sources of income for enterprises from financial, investment and operational activities, expenses for the same activities and opportunities for optimization are sought. increase revenue and minimize costs. The article proposes the use of such cash flow planning tools as payment calendar, schedule, planned cash flow budget. So, the formation and planning of cash flows in enterprises in today's conditions is a necessary and important process. The success of the company's operation in domestic and foreign markets depends on the rationality of planning and use of funds in enterprises.

scholarly journals Economic condition of the enterprise and its evaluation indicators

2021 ◽  
pp. 41-46
Author(s):  
Liudmyla SEMERUN ◽  
Antonina PORKHUN ◽  
Anna SHMYRINA
Keyword(s):  
Financial Stability ◽  
Economic Condition ◽  
Enterprise Management ◽  
Complex Concept ◽  
Industrial Enterprises ◽  
Financial Position ◽  
Financial Condition ◽  
Methods Of Calculation ◽  
Theoretical Generalization ◽  
Definition Of

Introduction. The effectiveness of enterprise management largely depends on an objective, timely and comprehensive assessment of its economic condition. Today there are a number of studies that define the financial condition of the enterprise and reveal the content of this economic category. However, there are some differences between the financial and economic components, so it is necessary to clarify the essence of the concept of "economic condition of the enterprise" and justify the indicators for its evaluation. The purpose of the paper is the research of the concept of "economic condition of the enterprise", formation of a system of indicators for its assessment and implementation of an integrated assessment of the economic condition of PJSC "Odeskabel". Results. The paper presents a theoretical generalization of the essence of the economic condition of the enterprise and provides an author's definition of this category. The economic condition of enterprises is a complex concept that reflects the condition of the enterprise in the process of activity and is characterized by a system of indicators that determine the financial position of economic entities, the efficiency of their operation and the level of competitiveness in the market. The system of indicators for assessing the economic condition of industrial enterprises is substantiated. The stages and methods of calculation of a complex integrated indicator are revealed, which takes into account the value of all components of the economic condition of the enterprise and allows to identify problem areas and take measures to neutralize them in the future. Conclusion. The developed integrated indicator for assessing the economic condition of industrial enterprises from the position of its relationship with financial stability, liquidity, efficiency and competitiveness allows you to make better management decisions to determine development priorities in accordance with the planned goals of the enterprise.

scholarly journals Theoretical essence and value of the financial stability of the enterprise

2020 ◽  
pp. 25-29
Author(s):  
Oksana VINNYTSKA ◽  
Liudmyla CHVERTKO ◽  
Tetiana KORNIIENKO
Keyword(s):  
Financial Stability ◽  
External Factors ◽  
Theoretical Research ◽  
Financial Condition ◽  
Current Period ◽  
The Future ◽  
Margin Of Safety ◽  
Business Entities ◽  
Definition Of ◽  
Internal And External Factors

Introduction. The solution of modern problems of stabilizing the national economy, ensuring the social development of society is possible only on the basis of positive shifts, primarily in the aspect of strengthening the financial condition of business entities. One of the important components of the analysis and management functions is to ensure the stable development of the enterprise and its financial stability. The concept of financial stability is complex and multifactorial, which is determined by the economic environment in which the enterprise operates, as well as the results of its functioning, the ability to actively and effectively respond to changes in internal and external factors. The purpose of the paper is in the study of the economic essence of financial stability, its determining factors, as well as the development of recommendations for improving the methodology of its management. Results. The financial stability of an enterprise is a complex, multifactorial category. The philosophy of the definition of the economic category “financial stability” provides for consideration as a reproduction process. This category characterizes the economic relations that make up the financial mechanism for ensuring the progressive socio-economic development of the enterprise. The analysis of theoretical research allows us to identify five approaches of scientists to determine the essence of financial stability. These approaches differ in the completeness of the characteristics of the financial condition of the enterprise. The variety of approaches indicates the ambiguity of the authors' definition of the concept of financial stability. Each author interprets this economic category from the standpoint of the goals and objectives of its research. The complexity of the category of financial stability of business entities lies in its essence, displaying the level of the financial condition and financial results of the enterprise, the ability to fulfill its obligations and ensure the development of the enterprise while maintaining credit and solvency, relative independence from changes in internal and external factors. A quantitative characteristic of financial stability is a margin of safety, which is determined by the structure of property and capital and ensures financial independence and solvency in the current period and in the future. It is this definition that determines such a logic for assessing financial stability as a sequence with varying degrees of detail in the consideration of all processes associated with the movement of financial resources, which are expressed in a change in the structure of property and capital. Conclusion. In general, the analysis of theoretical approaches to assessing financial stability and their generalization allows us to conclude that the financial stability of economic entities should be considered as a complex category, reflecting the level and structure of financial condition and financial results, the ability to fulfill their obligations and ensure the development of activities, while maintaining credit and solvency. It is also universal that the quantitative characteristics of financial stability should be considered a margin of safety, which the company, due to the structure of property and capital, and also ensures independence and solvency in the current period and in the future.

scholarly journals Factors for providing enterprise competitiveness

2020 ◽  
Vol 67 (6) ◽  
pp. 167-174
Author(s):  
B. Kravchuk ◽  
T. Lazorenko
Keyword(s):  
Competitive Advantages ◽  
Internal Factors ◽  
Factors Influencing ◽  
Analysis And Synthesis ◽  
General Scientific ◽  
Enterprise Competitiveness ◽  
Definition Of ◽  
Investigation Process ◽  
Harvard School

The classifications of factors ensuring the competitiveness considered by different authors are analyzed and the most complete and best one for use is distinguished in this paper. General scientific and empirical techniques based on the systematic approach are used, methods of generalization, comparison, analysis and synthesis are applied in the investigation process. The carried out analysis makes it possible to identify six main features of «competitiveness» concept. The formula for competitiveness calculation is presented and proposals necessary for the enterprise competitiveness growth are given. Taking into account all the necessary conditions for ensuring the competitiveness formation, the definition of «company competitiveness» concept is given, as well as the main aspects of this concept are provided. It is determined that the analysis of competitive positions in the market involves, first of all, the identification of its strengths and weaknesses, as well as factors influencing the attitude of consumers to the enterprise. The essence of “factors of competitiveness” category is determined and the list of the main factors of the enterprise competitiveness is given. The classification and analysis of the factors influencing the enterprise competitiveness proposed by professor from Harvard school M. Porter are given. The classifications of factors of enterprise competitiveness by such authors as: A. Olivier, A. Diane and R. Usrse, A. A. Thompson and A. Strickland, H. M. Skudar, T. M. Kulinich and B. V. Burkina, V. Synko and R. Yu. Yemadakov are also presented. The most well-known approach in economic literature, based on the combination of all competitiveness factors into two groups is highlighted. The classification of external and internal factors proposed by V. Synko is considered in detail. It is noted that there are factors that are less determined by the enterprise and factors that are almost entirely dependent on the enterprise. As a result, it is determined that competitive advantages significantly depend on the effectiveness of competitiveness factors use, and competitiveness is a set of enterprise characteristics, but its assessment cannot be done without taking into account external factors.

scholarly journals Integration of banks and insurance companies activities in Ukraine

2021 ◽  
Vol 11 (2) ◽  
pp. 42-57
Author(s):  
Оlena Zharikova ◽  
Kateryna Cherkesenko
Keyword(s):  
Financial Stability ◽  
Rapid Development ◽  
Banking System ◽  
Insurance Companies ◽  
Customer Base ◽  
Financial Condition ◽  
Stage Of Development ◽  
Bank Managers ◽  
Definition Of ◽  
Viable Mechanism

The article reveals the essence of modern bancassurance and new challenges and prospects for its development in Ukraine. The definition of “bancassurance” is theoretically substantiated and the general financial and economic characteristics of Ukrainian banks is given. The normative indicators of commercial institutions are analyzed along with the main risks affecting banking and insurance activities, the possibility of their leveling are determined. The study provides theoretical and practical information on the process of banks capital of and insurance companies merging, financial and economic analysis of JSC PrivatBank – one of the largest banks in modern Ukraine, and the assessment of the financial stability of its insurance partners. The insurance Ukrainian market study concerning the detection of possible prospects for cooperation with the studied bank was done. The calculations suggest that PrivatBank can cooperate with the leading insurance companies, such as AXA Insurance and Providna recommended as new partners. It is established that bancassurance technologies have a significant place at the current stage of development of the domestic financial market. Using a large customer base and a wide network of branches and outlets, banking experts expect that revenues from the sale of insurance products in 2021 may amount to 15% of total bank revenues, as the volume of bank insurance in JSC CB PrivatBank is growing quite rapidly. The activity of banks in market conditions is subject to its general laws, and therefore requires the development of a viable mechanism for managing financial activities, aimed at increasing the competitiveness of banks. Thus, the ability of bank managers to determine the degree of financial stability of their bank as well as that of the competing banks and counterparties is essential in making decisions. Therefore, the search for ways to optimize the financial condition of the bank is one of the principles of further rapid development of the banking system in Ukraine.

scholarly journals SYSTEM PERFORMANCE FOR RAPID DIAGNOSIS OF FINANCIAL STABILITY OF COMMERCIAL ENTERPRISES EXTERNAL USERS STATEMENTS

2017 ◽  
pp. 57-62
Author(s):  
T. S. Naumenko
Keyword(s):  
System Performance ◽  
Financial Stability ◽  
Financial Analysis ◽  
Rapid Diagnosis ◽  
Factorial Analysis ◽  
Productive Performance ◽  
Standard Methods ◽  
First Order ◽  
Financial Condition ◽  
Definition Of

In this article relevance of timely carrying out the financial analysis of the enterprises in the conditions of an economic crisis is considered; standard methods of the financial analysis of an i obosnovan expediency of use of ways of the factorial analysis of a financial productive performance at the initial stages of evaluating a financial condition of the enterprises for the purpose of timely identification of the negative moments and undesirable tendencies of their development are listed. Much attention in article is paid to definition of a concept of the determined factorial models, allocation of their features and the existing types. Importance of specification of complex factors of the first order on factors of the second and following level is considered; requirements to creation of the combined factorial models; algorithm of calculation of influence on a financial productive performance of factors of the second order in the way of proportional division. In article practical examples of use of a way of proportional division when evaluating influence of articles of current assets on coefficient of the current liquidity and an assessment of influence of main types of expenses on usual kinds of activity for profitability of production are also given; necessary formulas and calculations on the example of the concrete enterprises are given; results of the factorial analysis are generalized.

scholarly journals PROBLEMS OF FUNCTIONING OF THE DEPOSITS GUARANTEE SYSTEM IN UKRAINE AND ITS APPROXIMATION TO EU REQUIREMENTS

2019 ◽  
pp. 86-92
Author(s):  
Nadia Yurkiv ◽  
Bohdan Danylyshyn
Keyword(s):  
Development Strategy ◽  
Financial Stability ◽  
Banking System ◽  
Main Task ◽  
The European Union ◽  
Financing System ◽  
Internal Factors ◽  
Bank Deposits ◽  
Guarantee System ◽  
Definition Of

The relevance of the publication is due to the need to analyze the effectiveness of the Deposit Guarantee Scheme developed in Ukraine in the context of identified problems related to the clearing of the banking system of Ukraine by withdrawing from the market «schematic» and under-capitalized banks that had poor credit portfolios. The purpose of the article is to investigate the problems of the activity of the Deposit Guarantee Fund in Ukraine and to substantiate recommendations and measures for the improvement of this system. Research methods: terminological and statistical analysis, comparison, logical generalization, analysis, synthesis. The limits of the study: the analysis is limited by the study of internal factors for the period 2013–2018, as well as the available statistical information as of November 2019.The analysis of the main problems of the DGF activities has allowed to identify the key ones, which are currently: incorrect definition of the objectives of the Deposit Guarantee Scheme in Ukraine, which are enshrined in the DGF Development Strategy for 2013–2017; the lack of adequate interaction of the deposit guarantee system with other elements of the system of ensuring financial stability; limited resources of the Fund and lack of tools for profitable placement of own funds; a small amount of the guaranteed deposit amount for bank deposits and a limited number of claimants for reimbursement.The results of the analysis suggested ways to ensure approximation of national banking legislation to guarantee deposits to the requirements of the European Union, in particular to Directive 2014/49/EU and 2014/59/EU: clarification of legal terminology (definition of terms «unavailable contribution»; «contributory contribution»; «guarantee»; «target level»; «low risk assets», etc.); attribution to the main task of the Fund the protection of the rights of all contributors, including legal entities, financial institutions, etc. with the corresponding extension of the Fund's powers; changes to the Fund's financing system and investment principles of the Deposit Guarantee Scheme in line with EU standards, etc.The findings and recommendations obtained from the analysis will have a positive effect on improving the efficiency of the deposit guarantee system in Ukraine and bringing it closer to EU requirements.

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