Product quality as a condition for maximisation of profit: accounting and control aspects

Marchuk, Uliana; Фабіянська, В. Ю.

doi:10.21003/ea.v163-18

Cited by 7 publications

(5 citation statements)

References 5 publications

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“…Manufacturers in Poland also gained the highest turnover per employee in the period after the year 2012 among Visegrad 4 member countries that indicates a growing financial efficiency of labour force usage in Poland in comparison with decreasing or stagnating labour force efficiency in other Visegrad 4 member countries after the year 2012. This observed development in Poland concerning to increasing efficiency of the workforce among food manufacturers is consistent with the finding of Marchuk & Fabiianska (2017) or Zielinska-Chmielewska & Smutka (2018), who point out at factors of effectiveness and efficiency for maintaining competitiveness and profitability of food processing companies both in EU member and candidate countries. Findings of the labour force efficiency are furtherly discussed via the development of total labour force and cost of employees among Visegrad 4 member countries (see Fig.…”

Section: Empirical Results and Discussionsupporting

confidence: 89%

“…So, it could be partially concluded that manufacturers settled in Poland gained in both observed periods of years 2009 and 2017 significantly higher mean values of total assets turnover in comparison with other Visegrad 4 member countries at significance level 10 %. According to findings of e. g. Marchuk & Fabiianska (2017) investments to new production technologies are regarded to be a crucial factor in meeting food safety and quality standards. On the contrary, investments are decreasing total assets turnover in the short-run perspective.…”

Section: Figure 5 Decomposition Of Influencing Factors Of Indicator mentioning

confidence: 99%

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Breaking food safety and quality standards in the EU: Financial aspects within poultry products manufacturers in Visegrad 4 countries

Komínková¹,

Vavřina²,

Polák³

2020

Journal of International Studies

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Under changing consumer preferences towards the need to increase qualitative side of food consumption,the level of meeting EU food safety and quality standards can be discussed as a specific factor of competitiveness for food manufacturers. The EU member countries use an information exchange instrument named Rapid Alert System for Food and Feed (RASSF) for sharing information with both public authorities and consumers. An increasing number of food safety and quality problems was observed in the year 2019 regarding the industry branch EU NACE 1012-poultry meat and poultry meat products in CEEC countries. This paper aims at the identification of common factors in the financial performance of businesses active in the industry mentioned above within Visegrad 4 member countries focusing on a specific distinctive period between 2009 and 2017. The authors employ factorial analysis of variance approach together with a post hoc Scheffé test for revealing similarities/dissimilarities within the selected key financial performance indicators for the sample of poultry meat and poultry meat products manufacturers. Namely, factors to be researched are country of business entities´ settlement, economic size and time proxy variable element of the

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Section: Empirical Results and Discussionsupporting

confidence: 89%

Section: Figure 5 Decomposition Of Influencing Factors Of Indicator mentioning

confidence: 99%

Breaking food safety and quality standards in the EU: Financial aspects within poultry products manufacturers in Visegrad 4 countries

Komínková¹,

Vavřina²,

Polák³

2020

Journal of International Studies

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“…This situation indicates that the government's financial reports still do not fully meet the criteria of reliability (reliable). According to Okaro (2017) many factors can affect the quality of financial reports, such as government accounting standards, government accounting systems, human resource competence (Marchuk, 2017). According to Aini (2018) the competence of human resources is an important factor in compiling a company's financial statements.…”

Section: Introduction *mentioning

confidence: 99%

The Influence of Human Resource Competence, Accounting Standards and Accounting Systems on the Quality of Financial Reports in the Regional Government of Purwakarta Regency

Adawiah

Nuryaman

2023

Quant. Econ. Manag. Stud.

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This study aims to analyze the role of human resource competence, accounting standards, and accounting systems on the quality of financial reports in the context of local government agencies in Purwakarta Regency, Indonesia. This study uses primary data taken cross-sectionally by distributing questionnaires to the respondents. The population and sample in this study were all employees of the finance section at several SKPDs in Purwakarta Regency, totaling 130 respondents. The findings of this study indicate that human resource competence, accounting standards, and accounting systems partially and simultaneously have a positive effect on the quality of the regional government's financial reports in Purwakarta Regency. This means that this research implies that the government needs to pay attention to several aspects in order to produce good quality financial reports.

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“…However, they had to adapt the composition and pro perties of their products to the requirements of new markets, especially from an economic point of view, as living standards were low there and it would not be possible to sell foreign products made with the use original recipes. Developed countries accepted high quality products as one of the main sources of their national wealth (Marchuk & Fabiianska, 2017). However, the situation has changed: living standards are slowly levelling off and the countries of Central and East Europe (CEE) are no longer satisfied with the lower quality of goods, which in Western countries have a different composition, but are often sold in the same or very similar packaging.…”

Section: Introductionmentioning

confidence: 99%

Economic problems of dual quality of everyday consumer goods

Závadský¹,

Hiadlovsky²

2020

EA-XXI

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The dual quality of everyday consumer goods has been proven in the EU, although a geographical pattern dividing the EU into eastern and western parts has not been confirmed. This practice of some manufacturers is mainly mentioned from legislative and ethical points of view, yet its economic impact is also not negligible. It often happens that a consumer buys goods in his country in the same or very similar packaging as consumers abroad, however with a different composition (made with lower quality cheaper raw materials, containing a smaller proportion of basic raw materials or with a lower content of goods). The consumer can thus ask why he gets less or a lower quality product for his/her money than consumers abroad. In our research, we focused on Slovak consumers’ perception of the economic dimension of dual quality. According to the results of a survey of 987 respondents, 89% of the respondents have heard of dual quality and 84% of the respondents are concerned about this practice. Most of the respondents (44%) consider it to be an economic problem precisely because of the use of cheaper raw materials and other proportions of basic raw materials in goods. Based on the research results, we propose to incorporate a comparison of prices for goods (in terms of price per unit weight of goods and taking into account the quality and the price of raw materials used) into the uniform methodology of testing goods for dual quality adopted by the European Commission. Furthermore, we propose to include information on dual quality of goods and the use of different raw materials (which are locally available or are allowed in the country and facilitate the processing procedure) on the packaging, which should be taken into account in pricing.

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Product quality as a condition for maximisation of profit: accounting and control aspects

Cited by 7 publications

References 5 publications

Breaking food safety and quality standards in the EU: Financial aspects within poultry products manufacturers in Visegrad 4 countries

Breaking food safety and quality standards in the EU: Financial aspects within poultry products manufacturers in Visegrad 4 countries

The Influence of Human Resource Competence, Accounting Standards and Accounting Systems on the Quality of Financial Reports in the Regional Government of Purwakarta Regency

Economic problems of dual quality of everyday consumer goods

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