scholarly journals THE ROLE OF FINANCIAL CONTROLLING IN THE MANAGEMENT SYSTEM OF TOURISM AND RECREATIONAL COMPANY

2017 ◽  
Vol 1 (9) ◽  
pp. 1-8
Author(s):  
Maia Seliverstova
Keyword(s):  
Financial Stability ◽  
Foreign Currency ◽  
The United States ◽  
Financial Economic ◽  
Modern World ◽  
Main Task ◽  
15Th Century ◽  
Destabilizing Factors ◽  
High Level

In the modern world tourism and recreation are highly profitable activities, which also have asignificantimpact on the economy of the country, contributing to the inflow of foreign currency, creating newjobs, improving infrastructure and so on. In the conditions of economic instability and high level of marketcompetition, success of financial-economic activity of tourist enterprises is determined by the efficiency ofdecision-making that directly depends on the total access to information about the financial state and existingrisks.The aim of the researchwas to identify the role of financial controllingin the management systemof tourist-and-recreational company.Research methodsused for this research paper were analysis, synthesis, comparison, classificationand grouping of functions and objectives oftheobjectbeing studied.The objectwas the role of financial controlling in the management system.It is believed that controlling as economic term was discovered in Europe in the 15th century, afterthat it gained a wide development in the United States. In Russia, the concept of controlling became popularin the 1990s.Conclusions:1. The main task of financial controlling is to maintain profitability and ensure liquidity,i.e. the ability of the enterprise to fulfil its payment obligations at any time that is most relevant for the tourismindustry. Among the key challenges faced by resort companies, it is important to headline the seasonality ofdemand, which largely affects the using of their material resources. The duration of the active period can varyfrom 90 to 180 days; it often depends on climateand a number of other factors (Zlenko, 2015). In order tostabilize the work during the off-season, maintain financial stability and solvency in recent years many tourismand recreational enterprises began to strive for the introduction of modern management systems. 2. Aneffective system of financial controlling at a tourist and recreational enterprise allows fully assessing thecurrent position of the company, making forecasts and successfully resisting external destabilizing factors.

scholarly journals Role of Credit in the Development of Ukraines Economy

2020 ◽  
Vol 22 (1) ◽  
pp. 18-23
Author(s):  
Yuliia Zahynailo ◽  
◽  
Oleksandr Doroshenko ◽  
Keyword(s):  
Financial Stability ◽  
Foreign Currency ◽  
Bank Lending ◽  
Local Currency ◽  
Current State ◽  
Government Lending ◽  
The Government ◽  
High Level ◽  
Key Indicators

Introduction. It is known that credit is a significant achievement of mankind. The emergence and development of credit took place on the basis of the money function as a means of circulation. The development of commodity production and the need for increased working capital are the economic reasons for the credit need. Purpose .The aim of the article is to determine the role of bank credit in the economy of Ukraine and analysis of key indicators of credit activity. Results. The dynamics of loans to residents by sectors of the economy and the types of currencies and maturities for loans were studied. Loans issued by types of economic activity were analyzed. The current enterprise lending programs in 2020, initiated by the Government of Ukraine was considered. The main directions for improving bank lending were identified. Conclusions. Following conclusions are based on the analysis of the current state of bank lending in Ukraine: – the maximum value of loans in 2018 amounting to 1,073,131 million, and the lowest in 2012 – 815,142 million; – according to the sectors of the economy, the largest share of lending is lending to non-financial corporations (70-80% depending on the year); – over the period of lending in local currency dominated loans in foreign exception is 2015; – the structure of loans according to maturity prevails in local currency short-term loans and foreign currency structure of loans according to maturity – homogeneous; – The Cabinet of the Ministry of Ukraine introduced two programs to support small and medium-sized businesses in the country: «Available loans 5-7-9%» and the program «New Money»; For the development of bank lending and the establishment of financial stability in Ukraine should: conduct active banks to attract customers to the government lending programs, in turn, a borrower for the loan according to the program, to properly open the financial statements and maintain business activity at a high level for real bank assessment of the borrower’s creditworthiness.

Spaces of Intentionality: Race, Class, and Horizontality at the United States Social Forum

2008 ◽  
Vol 13 (4) ◽  
pp. 353-372 ◽  
Author(s):  
Jeffrey Juris
Keyword(s):  
United States ◽  
Middle Class ◽  
Open Space ◽  
The United States ◽  
World Social Forum ◽  
High Profile ◽  
Democratic Practice ◽  
The World ◽  
High Level

The World Social Forum process has sought to provide an "open space" for diverse movements to exchange ideas, interact, and coordinate as they build another world. Despite this inclusive impulse, many of the forums have been disproportionately white and middle class. Through an ethnographic account of the 2007 United States Social Forum (USSF) in Atlanta, I examine one high-profile attempt to overcome this lack of diversity by establishing what I refer to as an "intentional" space. I argue that the intentional strategy pursued by USSF organizers achieved a high level of diversity in racial and class terms, but de-emphasized the role of the forum as a "contact zone" for translation, sharing, and exchange among diverse movement sectors. However, given the strong desire to overcome past exclusions among participants, the privileging of intentionality over openness and horizontality was widely viewed as legitimate, which has important implications for democratic practice.

scholarly journals There Is No Performance, There Is Just This Moment: The Role of Mindfulness Instruction in Promoting Health and Well-Being Among Students at a Highly-Ranked University in the United States

2017 ◽  
Vol 22 (4) ◽  
pp. 909-918 ◽  
Author(s):  
Deanna Kerrigan ◽  
Victoria Chau ◽  
Melissa King ◽  
Emily Holman ◽  
Alain Joffe ◽  
...  
Keyword(s):  
United States ◽  
Stress Reduction ◽  
Well Being ◽  
The United States ◽  
University Culture ◽  
High Level ◽  
And Coping ◽  
Depth Interviews ◽  
Health And Well Being

Mindfulness-based stress reduction (MBSR) has been shown to improve health outcomes across populations. We explored the feasibility, acceptability, and initial effects of a pilot MBSR program at a highly-ranked university in the United States. We conducted 23 in-depth interviews with 13 students. Interviews explored stressors and coping mechanisms, experiences with MBSR, and its reported impact and potential future use. Interviews were analyzed using thematic content and narrative analyses. Results indicated that students are exposed to a very high level of constant stress related to the sheer amount of work and activities that they have and the pervasive surrounding university culture of perfectionism. MBSR offered an opportunity to step back and gain perspective on issues of balance and priorities and provided concrete techniques to counter the effects of stressors. We conclude that MBSR and mindfulness programs may contribute to more supportive university learning environments and greater health and well-being among students.

scholarly journals Evolution of European Sanctions: From Individual Measures to Consolidated Policy

2018 ◽  
pp. 19-27
Author(s):  
V. A. Silaeva
Keyword(s):  
Economic Sanctions ◽  
Modern World ◽  
Military Force ◽  
The European Union ◽  
European Union Policy ◽  
Nation States ◽  
Union Policy ◽  
High Level ◽  
Restrictive Measures

In modern world, as more and more states are reluctant to apply direct military force, the role of non-military instruments of coercion such as economic sanctions augments in international relations. In recent years economic sanctions have become firmly anchored in the system of European instruments of foreign policy. Although their implementation and monitoring still requires substantial improvements, progress and high level of consolidation can be witnessed on several recent examples. The article focuses on the evolution of the institutional basis and the mechanisms of coordination of the European Union policy in the sphere of restrictive measures, as well as detailed analysis of current tools of elaboration and implementation of various economic foreign instruments. Three stages can be distinguished in the evolution of European restrictive measures. Originally, there was no coordination as sanctions were introduced by nation states separately and individually. However, with the rise of economic interdependency of the allies there appeared new instruments for the exchange of information and opinions that have evolved into strictly binding mechanisms we can witness today. The example of Iranian sanctions shows what new schemes have been elaborated to increase the effectiveness of sanctions policy and how they have spread and developed, including to work out sanctions against Russia.

scholarly journals Enterprise Financial Security as an Anti-Crisis Management Method

2021 ◽  
Vol 25 (1) ◽  
pp. 153-159
Author(s):  
Iryna Khymych ◽  
◽  
Tetiana Vynnyk ◽  
Nataliia Konstantiuk ◽  
Nataliia Tymoshyk ◽  
...  
Keyword(s):  
Crisis Management ◽  
Financial Stability ◽  
Financial Economic ◽  
External Factors ◽  
Financial Security ◽  
Business World ◽  
Crisis Phenomenon ◽  
Modern Business ◽  
High Level ◽  
Internal And External Factors

Abstract. Introduction. Enterprise financial security is one of the measures to ensure and support financial stability. It is able to act as one of the main anti-crisis management methods and is extremely relevant in the uncertainty of the activities implementation. Management and staff must comply with a number of requirements for ensuring and maintaining their own level of financial capacity for effective enterprise functioning. After all, this factor will promote both its general adaptation, and will allow to carry out own activity now. It will also contribute to the plan formation to ensure the enterprise activities for the future, taking into account the necessary changes based on determining their impact on the development of further events in the business world. Purpose. His article has been described the essence and features of the «Financial security of the enterprise» concept. The necessity of its application in modern conditions of enterprise activity as one of the most important anti-crisis management methods in conditions of uncertainty has been described. Results. The financial security of the enterprise is the basis of effective activity of any enterprise in modern business conditions, taking into account the influence of both internal and external factors that take place in the business world as a whole has been determined. It is researched that financial security needs constant updating and improvement. So, it must meet modern requirements for ensuring the stability of the enterprise as an important anti-crisis managing its activities method. The main components of financial security of the enterprise are offered and described, namely: organizational, managerial, and financial-economic. Conclusions. As a result or consequence of this, the formation, support, and development of the country’s enterprises’ financial security are influenced by many different, both interdependent and independent, internal and external factors. In addition, financial security needs constant provision to achieve a high level of support for the stable and uninterrupted operation of the enterprise under any conditions of its operation. Keywords: financial security; anti-crisis method; crisis phenomenon; organizational component; management component; financial and economic component; soft skills.

scholarly journals Central Bank digital currencies

Bankarstvo ◽  
2021 ◽  
Vol 50 (3) ◽  
pp. 109-139
Author(s):  
Vesna Martin
Keyword(s):  
Central Bank ◽  
Financial Stability ◽  
Central Banks ◽  
Modern World ◽  
Digital Form ◽  
Technological Transformation ◽  
Advantages And Disadvantages ◽  
Digital Currency ◽  
The Social

Central Bank digital currencies are a digital challenge to the international monetary and financial system. Since the development of cryptocurrency, such as bitcoin, the modern world has faced the possibility of digital technological transformation and providing a digital form of payment for the economy and the household. In addition, the announcement of a digital currency that would have a global reach, such as the Libre issued by the social network Facebook, raised questions about legal and regulatory safeguards, financial stability, and the role of the digital currency in society. All this influenced the leading central banks to recognize the need to conduct a detailed analysis of the possibilities of issuing digital currency of the central bank, which would be a supplement to the cash and non-cash form of payment. These analyzes include considering the advantages and disadvantages of that currency, determining its design and technological solution, as well as the necessary regulatory adjustments. In the coming period, we will witness a technological transformation in the operations of central banks, which, as before, should take care of preserving price and financial stability as its main goals, but also respond to new challenges of digital business.

The Formation of Ethnic and National Identities

2010 ◽  
Author(s):  
Liah Greenfeld ◽  
Nicolas Prevelakis
Keyword(s):  
Ethnic Identity ◽  
The United States ◽  
National Identities ◽  
Popular Sovereignty ◽  
Modern World ◽  
Relative Importance ◽  
Ethnic Nationalism ◽  
The World ◽  
Different Types

Nationalism is the worldview of the modern world. It is based on three fundamental principles: it is secular; it sees the members of the community defined as a nation as fundamentally equal; and it presupposes popular sovereignty. Modern ethnicity, that is, ethnic identity, is the result of ethnic nationalism. One can classify nationalisms into three major types: the individualistic-civic type, as seen in England, the United States, and a few other countries, though it remains a minority in the world; the collectivistic-civic type—also a minority; and finally, the collectivistic-ethnic type, which is found in most of the nations in the world. This third and last type is what is usually referred to as “ethnic identity” in the modern world. These types of nationalism seldom exist in their ideal form. Typically, one will find a combination of elements from different types. Their relative importance may vary from one period to another, or within the same period and among different social strata. The case of Greek nationalism illustrates this point. It also represents a clear example of the causal role of nationalism in shaping ethnic identity. The seeds of ethnicity emerged in the first decades of the Greek state, though it was only in the middle of the nineteenth century that Greek nationalism took its definite ethnic form. This evolution can be seen in two areas: the emergence of Greek irredentism, and the construction of Greek historiography.

Concept and Principles of Social Banking

2018 ◽  
Vol 2018 (5) ◽  
pp. 113-133
Author(s):  
Denis Chichulenkov
Keyword(s):  
Financial Stability ◽  
Positive Contribution ◽  
Banking Services ◽  
The Social ◽  
Measurement Tools ◽  
Analysis And Synthesis ◽  
Evolution Of Ideas ◽  
High Level ◽  
Distinguishing Features

Conventional banking, focused on profit maximizing, shows its inefficiency. The urgent search for alternative models of banking is needed. One of them is a model of social banks. However, the framework of their business practice and principles remain poorly understood. This paper aims at determining the nature of social banking, its distinguishing features and the level of financial sustainability. Inductive and deductive methods of analysis and synthesis, systematic approach, comparison are used. Academic literature review covers the evolution of ideas about social banking. The paper contains the social bank’s definition as a special type of commercial bank aimed at maximizing its positive contribution to the development of society through the provision of mainly traditional banking services and based on the principles of sustainable development, transparency and cooperation. The empirical results confirm a high level of financial stability of social banks. The article states the hypothesis about the key role of shareholders’ and managers’ motivation to create a social bank. Further research requires the development of measurement tools to evaluate social banking.

scholarly journals On the restoration of the leading role of mechanical engineering in building a new economy in Ukraine

2021 ◽  
pp. 94-107
Author(s):  
A. Amosha ◽  
◽  
N. Bryukhovetskaya ◽  
I. Buleev ◽  
◽  
...  
Keyword(s):  
Mechanical Engineering ◽  
New Economy ◽  
Developed Countries ◽  
Machine Building ◽  
Modern World ◽  
Business Associations ◽  
Leading Role ◽  
Systemic Crisis ◽  
High Level

The leaders of the modern world economy reached a high level of development during the period of industrial capitalist production. At present, in the world, machine production follows the path of minimizing and universalizing machines (systems, industries), robotization, computerization, digitalization, the formation of artificial intelligence, etc. All this is not de-industrialization, but a new stage in machine production, hyper-industrialization, building a new economy and introducing digitalization. Moving machine production from developed countries to third world countries does not mean de-industrialization of parent producer countries at all. It means their further development. In Ukraine, these complex processes are inadequately perceived, industry, mechanical engineering, for various reasons, have undergone total destruction through changes in forms of ownership, loss of strategy and development prospects, which is fundamentally wrong. In studies, insufficient attention is paid to the functioning of machine-building enterprises in “falling”, collapsing markets, there is no unambiguous and adequate understanding of what should be attributed to mechanical engineering, there is no clear classification of sub-sectors of mechanical engineering or business associations (industry, industry, sub-sector, complex, cluster). The variety of machine building classifications makes it difficult to assess economic activity objectively. The purpose of the article is to develop proposals for restoring the leading role of the industry in the technical re-equipment of the domestic economy production, its way out of the ongoing systemic crisis, based on the analysis of how the mechanical engineering functions as a driver of industrial and social development of industry and economy. It is shown that mechanical engineering provides a high level of labor productivity, production culture, science, contributes to the further deepening of labor cooperation. It was revealed that the most intellectually and professionally prepared part of the middle class was formed in mechanical engineering. The article examines the evolution of mechanical engineering over the years of the formation of the state, comparison with a number of industrial countries. The necessity of prioritizing the development of mechanical engineering for the formation of a modern self-sufficient economy is proved, the main directions of management including collaborative, structural and organizational regulation of the industry and the introduction of nature-like processes are outlined. The expediency and possibility to develop highly specialized industries in Ukraine and the cultivation of "hidden champions" have been substantiated.

scholarly journals THE CONTRIBUTION OF LIBERAL EDUCATION IN THE SUCCESSFUL PERSON`S TRAINING IN THE UNITED STATES (ON THE EXAMPLE OF THE ENGLISH MAJOR)

2020 ◽  
pp. 195-213
Author(s):  
Olena Kozmenko
Keyword(s):  
Higher Education ◽  
Liberal Education ◽  
Liberal Arts ◽  
English Language ◽  
The United States ◽  
Thinking Skills ◽  
Educational Process ◽  
Modern World ◽  
English Major

The article is devoted to the examine of the role of liberal education in general, and the English major in particular in the process of training a successful person in US higher education. Liberal Arts colleges have been training students in the country since colonial times and have always been characterized by high quality education. These colleges were charged with providing a broad-based education that would prepare students for a wide variety of professions. With the beginning of a new era, in the twentieth century, Americans' priorities changed and it was a devaluing of the humanities in favor of science, technology, engineering, and mathematics (STEM) and applied programs designed to prepare graduates for specific jobs and careers. However, understanding the importance of the humanities in the process of formation of decent American citizens and successful individuals encourages colleges and universities to look for ways to improve the effectiveness of liberal arts education, renew the educational process, and increase the competitiveness of the humanities in the U.S. labor market. English major provides unique opportunities for the formation of skills that are vital to a successful life. The efforts of higher education establishments to improve the situation with philological education and attract new students is analyzed in the article. The content of the educational program is considered, the data of scientists on its updating, examples of concrete innovations are given. The important role of English language and literature in preparing students for success after graduation, career prospects is confirmed by numerous American scientists` studies. The article presents the work of educators who prove the importance of liberal education in the formation of intellectual and moral qualities of the individual, tolerant attitude towards other people and cultures, critical thinking skills, productive communication, collaboration as well as active citizenship. Also in the article it is considered the relevance of the English major in modern world and career prospects for specialists in English philology.

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