Organizational and methodological approach to managing financial flows of agricultural enterprises

Закирова, Алсу; Klychova, Guzaliya; Ostaev, Gamlet; Zaugarova, Evgenia; Nigmetzyanov, Almaz; Zaharova, Elena

doi:10.1051/e3sconf/202016410009

Cited by 20 publications

(10 citation statements)

References 27 publications

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“…For any actively functioning economic entities in modern conditions of great importance is accounting for settlements with counterparties, Improving the efficiency of settlement relations depends directly on the independence and responsibility of economic entities in the development and adoption of management decisions [1][2][3]. For acceptance of effective administrative decisions the effectively functioning system of information maintenance which directly depends on creation within the enterprises of system of internal control of settlement operations is necessary [4][5][6].…”

Section: Introductionmentioning

confidence: 99%

Internal control of transactions operation in the sustainable management system of organizations

et al. 2021

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In modern conditions one of the main problems of economic entities is the increase in accounts receivable and payable, which is influenced by objective and subjective factors. In this connection the role of internal control of settlement operations is increasing. The aim of the article is to improve methodological support of internal control of settlement operations for increasing the quality of audit, providing information about the state of settlements with contractors to the management of enterprise for making operational and strategic management decisions. The proposed methodological support is based on stage-by-stage audit of settlement operations including the following main stages: audit planning; implementation of control procedures; execution of audit results. the peculiarity of internal control of settlement operations is determined by a variety of normative and information support of the audit. For the purpose of improvement of control procedures in the course of the study working documents of internal control have been developed. The working document «Verification of the availability of the agreement with a separate counterparty» can be used by the controller to identify errors arising in the preparation of the contract, as well as to determine the completeness and timeliness of the parties to fulfill their obligations, With the proposed in the study working document «Confirmation of the status of settlements with counterparties» can identify cases of fraud and misstatement of data contained in the financial statements. In the course of the study it was proposed to perform a point-rating assessment of debtor reliability based on a system of key indicators in the internal control process. The suggested rating estimation of counterparties will make it possible to carry out their comparative analysis and grouping as well as to identify those counterparties that have a high probability of non-payment of existing debts. The practical significance of the study lies in the possibility of using the developed approaches to determine the information base, to set the purpose and definition of control tasks, to the rational choice of control procedures, to the use of working papers in the process of internal control of settlement operations.

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Section: Introductionmentioning

confidence: 99%

Internal control of transactions operation in the sustainable management system of organizations

et al. 2021

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“…A special role in obtaining mutual benefits in maintaining the balance between entrepreneurial and public interests belongs to big business, which is dominated by corporations that have huge competitive advantages in market segments due to the hypertrophic concentration of monetary resources [1][2][3]. At the same time, managers of corporations, first of all, the top management of their activities, need to be aware of the fact that business leadership is determined not only by the present, but also by future realities affecting the result and costs, and together with them on the effectiveness and cost of business actions, so the solution of this issue is a priority [4,5].…”

Section: Introductionmentioning

confidence: 99%

Efficiency of corporate finance: formation of accounting and management tools

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The commercial sector of the economy is the guarantor of the stability of the state functioning, since the economic subjects employed in it are able to combine personal (entrepreneurial) interests with the interests of the population, thanks to their economic potential formed at the expense of business processes aimed at profit (the main source of financing measures to meet human needs for the existing benefits). The purpose of the study - the formation of accounting and management tools that allow corporations to conduct a comprehensive analysis of the effectiveness of financial relationships, taking into account all the conditions of activity inherent in big business. In the course of the study the calculative-constructive, deductive and inductive methods were used, which allow to interconnect dialectically resultant and factor efficiency indicators, in our case, in the sphere of corporate finance, through multiple-additive correlation of efficiency and cost of financial relations in big business. The article presents the system of indicators developed by the authors, offered to corporations for assessment by the accounting and management apparatus of efficiency of their financial relations, which play the key role in business due to the greatest liquidity of monetary resources. The toolkit of such a system is built on the study of controlled and uncontrolled conditions of corporations' functioning. The use by corporations of the recommended author's approach will provide them with the optimization of the result and costs (profit and expenses) and, accordingly, the effectiveness and cost effectiveness (direct and indirect profitability or profitability) of activities, by which their financial efficiency is determined.

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“…The author's study is based on the works of scientists dealing with the problems of cost evaluation of effective and intensive use of capital, the main business factor of cash flows forming the comparable result (profit) and costs (expenses), and is focused on creating tools for corporations that allow objective analysis of the achieved levels of performance and cost, affecting the dynamics of profit and costs [8][9][10].…”

Section: Introductionmentioning

confidence: 99%

Corporate finance in the system of economic analysis management and intensification

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The study of the issues of assessing the indicators of efficiency and intensification of finance in the activities of corporations operating in modern economic conditions is necessary and relevant. The research was conducted in order to identify a group of financial and economic indicators for assessing the financial efficiency of the corporation. In the course of the research a toolkit was developed, which is a group of indicators that allow corporations to analyze financial and economic activity in generalized and detailed forms. When selecting the resulting and factor indicators of efficiency and intensification, the author's position was based on taking into account the current economic situation, namely, the multiprofile activities of corporations (within and outside the state borders) and the high proportion of borrowed capital for business processes in the core and non-core types of entrepreneurship. The objects of the study in generalized and detailed forms were direct and indirect profitability. They refer to the resulting indicators of efficiency, calculated by comparing the profit and consumed capital. The formed indicators fully correspond to the modern economic situation and the economic nature of the categories of «efficiency» and «intensification». With their use it is possible to calculate the dependence not only between the resultant and factor indicators, but also to analyze the interaction of the factor indicators themselves. These factor indicators meet all the economic postulates and are fully adapted to the generally recognized economic requirements, in particular, financial and economic and financial management. The proposed approach will help to maximize the financial benefits through an objective analysis of the effectiveness and intensification of economic operations.

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Organizational and methodological approach to managing financial flows of agricultural enterprises

Cited by 20 publications

References 27 publications

Internal control of transactions operation in the sustainable management system of organizations

Internal control of transactions operation in the sustainable management system of organizations

Efficiency of corporate finance: formation of accounting and management tools

Corporate finance in the system of economic analysis management and intensification

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