Financial Statement Fraud Detection of Ukrainian Corporations on the Basis of Beneish Model

Lehenchuk, Serhii; Мостенська, Тетяна Леонідівна; Tarasiuk, Halyna; Polishchuk, Iryna; Gorodysky, Mykola

doi:10.1007/978-3-030-69221-6_100

Cited by 7 publications

(2 citation statements)

References 4 publications

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“…Qualitative financial analysis involves study of relative and absolute indicators of financial stability of an enterprise in current economic realities, solvency of this organisation, liquidity of its products, and an assessment of the structure of assets and quality of accounting reporting (Ding, 2020). Methodology for assessing real financial condition of an agricultural enterprise involves forecasting financial indicators expected in the long and short term, and developing theoretical and practical recommendations for increasing the financial stability of the organisation, to increase the indicators of product liquidity and increase the overall solvency of the enterprise (Scarpellini et al, 2021;Bulavinova et al, 2021;Lehenchuk et al, 2021).…”

Section: Type Of Financialmentioning

confidence: 99%

Directions of Monitoring the Financial Activity of Agricultural Enterprises

KRASNOSTANOVA¹,

YATSKEVYCH²,

ZHURAVEL³

et al. 2022

Scientific Horizons

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The relevance of this study is conditioned upon the special importance of accounting reports in financial performance assessment of organisations that form the basis of the agricultural sector of the state and the need to find effective ways to improve the procedure for conducting such reporting activities and improve its quality. The purpose of this study is to analyse the principal areas of accounting for the financial aspects of the activities of modern agricultural enterprises. The leading research methods are systematic analysis, analytical comparison, and synthesis. The theoretical framework of this study included the papers on the pressing issues of accounting and analysis of financial results of agricultural enterprises, in the context of assessing profits and losses of these structures. The grouping of financial results by the composition of the elements that form them were considered. The main indicators used to assess the financial stability of an agricultural enterprise are availability of net working capital, coefficient of autonomy, manoeuvrability coefficient, ratio of borrowed and own funds, coefficient of provision of net working capital, financing ratio, financial stability coefficient. The types of current financial stability are absolute, normal, unstable financial condition, budgetary crisis. The real opportunities to improve the procedure for keeping financial statements at enterprises of the agricultural sector of the economy were found, especially in the field of assessing the profits received by these organisations during their activities. The results and conclusions of the article are important for representatives of accounting departments of agro-industrial enterprises, and for representatives of government agencies controlling their activities. It was concluded that there is no single method for assessing the financial condition

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Section: Type Of Financialmentioning

confidence: 99%

Directions of Monitoring the Financial Activity of Agricultural Enterprises

KRASNOSTANOVA¹,

YATSKEVYCH²,

ZHURAVEL³

et al. 2022

Scientific Horizons

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“…In addition, the complex process of summarizing the previous aspects, fundamental research, and regulatory documents related to sustainable development, actualize studies where the content, disclosure, reporting, adjustment, and others differ depending on the economy. Domestic scientists and practitioners around the world at different times have contributed to the formation of the legal, organizational, methodological, economic foundations for the formation and actualization of agricultural enterprises' sustainable development: I. Zamula [1], A. Kireitseva, I. Zamula [2], V. Zhuk [3], O. Sokil [4], N. Bulavinova [5], S. Legenchuk [6] and other. However, the studies are still not completed and require improvement by the challenges of the present sustainable existence of the three main components of the dynamic environment: economic, social, and environmental.…”

mentioning

confidence: 99%

Sustainable transformation of accounting in agriculture

Alrowwad

Alhasanat

Sokil

et al. 2022

Agric. resour. econ.

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Purpose. The purpose of the article is to model the paradigm of accounting and reporting development in the context of the sustainable agricultural enterprise. Methodology / approach. In the process of working on the article, general scientific methods and methodological techniques were used, in particular, monographic and system analysis (formation of accounting information to take into account sustainable development); methods of comparative analysis (when studying the transition from a traditional accounting system to sustainable accounting); grouping (for grouping accounting types by user groups and information); structural-and-logical compilation (when formulating the conceptual foundations of information to take into account sustainable development); modeling (when building a model of the concept of sustainable accounting and a map of internal and external stakeholders of the enterprise in terms of the level of influence, interest and direction of the formation and use of reporting information); process approach (when developing a paradigm for the development of enterprise reporting in the field of sustainable development); abstract-logical (theoretical generalization and formation of conclusions); graphical method (with a visual display of economic phenomena and processes in time and space); system-functional (to generalize the theoretical and methodological aspects of sustainable development accounting). These methods were the methodological basis of the study. Results. To determine the category of sustainability accounting and the concept of its reporting, the types of entrepreneurial capital were studied, and the characteristics of information that arises as a result of the implementation of economic, social, and environmental activities. In addition, the main users of information, their goals, and their needs were identified. As a result, management and financial accounting for sustainable development were highlighted. The functioning of the institution of sustainable development reporting of agricultural enterprises is based on its "paradigm" as a set of generalized ideas, hypotheses, and methodological approaches shared by the scientific community, acceptable to other institutions, and formalized in the form of scientific theories. In the case when, within the framework of existing theoretical postulates, a scientific institute cannot effectively solve the issues, there is a need to change its paradigm. The proposed paradigm of accounting and reporting will not only orient the development of accounting to the prospects for the transition of mankind to a harmonious economy but also facilitate the acceleration of this transition through the introduction of progressive accounting systems. Originality / scientific novelty. Due to all findings and conducted research in modeling a new system of accounting and reporting for agricultural enterprises we could generate the definition of “sustainability accounting”, which, on the one hand, the segmental, and on the other – the organic component of the enterprise accounting system and the institution of accounting in socio-economic relations, which is organized at the request of the policy of sustainable development, has a corresponding theoretical, methodological and organizational methodological support and is identified in accounting policy, operational, statistical and financial reporting, which provides an organizational and methodological focus on the construction of such accounting by enterprises. Practical value / implications. The main provisions of the article are brought to the level of methodological generalizations and applied tools, the use of which allows adopting a new holistic concept for the formation of accounting and analytical support for the sustainable development of the institutional units of the agrarian sector. The recommendations outlined in the article are fully consistent with modern trends in the development of socio-ecological and economic relations in society, therefore, they can be used in the formation of modern institutional accounting methodology in the context of sustainable development.

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