Scientific Journal of KubSAU

Polythematic online scientific journal
of Kuban State Agrarian University
ISSN 1990-4665
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Name

Prudnikov Anatoliy Grigorievich

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professor

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Kuban State Agrarian University
   

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Articles count: 12

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199 kb

ANALYSIS OF EFFICIENCY OF ACTIVITY OF MANAGING SUBJECT OF VINE INDUSTRY

abstract 1151601059 issue 115 pp. 938 – 950 27.01.2016 ru 338
For the analysis of the effectiveness and the efficiency of entrepreneurial activity of organizations we apply a system of indexes, characterizing the level of the use of production resources: labor, floorspace, average annual cost of the combined assets, average annual cost of circulating assets, including supplies, average annual cost of own capital, production expenses, including financial expenses. As a quantitative result of activity of managing subject we use volume cost indexes, characterizing an effect: gross products are in current prices; profit yield from sales; gross revenue; income from sales; income to taxation; net income [1, 2, 3]. The high-quality indexes of efficiency of the use of production resources: gross products in current prices on an average annual worker; profit yield from sales on an average annual worker; gross. The analogical set of indexes of efficiency is applied, determining correlation of different types of effect and other resources. That determine an index, characterizing correlation of gross products in current prices and floorspace (in agricultural organizations we use 1 ga of lands, in point-of-sale – 1 m2 of point-ofsale area, in industry – 1 m2 of floorspace of factory, factory, workshop); correlation of profit yield from sales and floorspace; correlation of different. Then we determine indexes, characterizing correlation of different types of effect and average annual cost of the combined assets, correlation of different types of effect and average annual cost of circulating assets, production supplies, property asset, production expenses, and financial expenses. In obedience to methodical positions of analysis of indexes, characterizing the results of activity of managing subjects, we probe the dynamics of indexes for the last 3 – 5 years with the purpose of exposure of it. Important in research of indexes and efficiency of entrepreneurial activity is the use of factor analysis, allowing defining a quantitative measure influence of factors on the change of analyzable index, to ground backlogs of increase of efficiency. Most acceptable in the analysis of influence of factors there is a reception of chain substitution on the dynamics of indexes of efficiency of the use of production resources
189 kb

ANALYSIS OF INTERCOMMUNICATION OF FINANCIAL RESULTS OF ACTIVITY AND INDEXES OF ESTIMATION OF THE FINANCIAL STATE OF A COMMERCIAL ORGANIZATION

abstract 1151601058 issue 115 pp. 921 – 937 27.01.2016 ru 420
The system of indicators characterizing the financial condition of a commercial organization, the major thing is profitability of its operations as the ratio of profit on sales and revenues, the ratio of profit before tax and the average annual value of total assets, the ratio of net profit and the average value of all assets, net income and average equity. Great practical importance for the efficient management of resources economic entity is marginal analysis, but it requires, in our opinion, improvement. In the academic literature on management analysis it is recommended to determine the relative value of the stock of financial strength ratio of the absolute value of the stock of financial strength and actual revenue; financial headroom suggested determined by the difference between the actual value of revenue and earnings, the corresponding break-even point. The relative value of the stock of financial strength should be determined, in our opinion, the ratio of the absolute value of the stock of financial strength and the amount of revenue in the break-even point. Recommended in textbooks relative value of the stock of financial strength is a share of stock of financial strength in the actual revenue. The method of rating the financial condition of commercial organizations (credit scoring of the American economist D. Durant) return on total assets is also a priority index, largely determining the solvency and liquidity of the balance sheet, the financial stability of the business entity. However, in practice the profitability of the invested capital is not always characterized by an optimal investment
195 kb

ANALYSIS OF THE CAPABILITY OF CURRENT ASSETS IN THE AGRARIAN AND BAKERY SPHERES OF THE ECONOMY

abstract 1291705066 issue 129 pp. 913 – 931 31.05.2017 ru 125
In the article we consider the methodological framework for the analysis of asset turnover; critical assessment of individual provisions of the traditional methods of analysis of capital turnover; a method to eliminate the influence of the price factor and the composition of current assets by results of approbation of an improved method for analyzing the turnover of circulating assets and own capital of business entities. The basis of the theory of capital turnover is the classic formula of the reproduction of capital by K.Marx, suggesting the increase of goods, money and money capital at the last stage of treatment, and improving the efficiency of the rational organization of the use, the rational level of concentration. The higher the speed of capital turnover, the more efficient its use is. The peculiarity of the process of the turnover of inventories, working capital is its dependence on specialization of business entities, defining the structure of fixed and current assets, ratio of reserves, participating and not participating in circulation during the reporting year. However, the traditional method of analysis of asset turnover, inventory does not distinguish between reserves for participating and non-participating in circulation during the reporting year, which precludes an accurate assessment of the process of circulation of assets to make the best management decision for their formation, to determine an objective rating of the business entity in its credit scoring. With regard to the method of analysis of asset turnover, inventory use of non-participating stocks in circulation during the reporting year, overstates the average annual total assets, inventory is the baseline for calculating the number of revolutions; inflated the average book value of assets, inventory, reduces the number of revolutions per year overstates the duration of one rotation of assets, stock, increases the capacity revenue (annual turnover) and, therefore, overestimates the need for assets, inventories, leading to inaccurate assessment of the release (raising) of assets stocks
322 kb

CONCEPTUAL APPROACH TO THE MANAGE-MENT OF THE INNOVATION PROCESSES IN CEREAL PRODUCTION OF THE REGION

abstract 0831209019 issue 83 pp. 244 – 268 30.11.2012 ru 1486
The article is devoted to the conception of the innova-tion development of the grain production of the re-gion. Using the process of aim achievement, joining the main problems, tasks, measures and their versions achievement to the united system, the model of grain production innovation management is formulated
152 kb

CURRENT ASSETS AND THEIR FINANCIAL AND ECONOMIC ESSENCE

abstract 1311707013 issue 131 pp. 129 – 141 29.09.2017 ru 697
The current assets essence is determined in the article. The optional balance between current and non-current assets, financing resources is established. The factors of current assets management mechanism, improvement efficiency are revealed
333 kb

FACTOR ANALYSIS OF FINANCIAL RESULTS OF AGRICULTURAL PRODUCERS

abstract 1121508076 issue 112 pp. 1054 – 1070 30.10.2015 ru 2422
The article discusses the "analysis and consideration of the final financial results of the organization" issues. This problem largely contributes to the factor analysis. Using factor analysis, we can assess any specific amount of earnings, which has been changed under the influence of factors. Models of factor analysis of financial results reveal the reasons for the decline of profit of the company and take prompt and effective economic management decisions. The article presents a model of factorial analysis of financial results of the financial statements based on materials of the agricultural companies of the Krasnodar Region
178 kb

FORMATION OF THE REPORT ON FINANCIAL RESULTS AS THE FUNCTION OF MANAGEMENT OF PRODUCTION RESOURCES

abstract 1281704069 issue 128 pp. 1014 – 1026 28.04.2017 ru 133
The report on financial results is among the main forms of financial statements of commercial organizations. Annual report contains data for the reporting and prior years received revenue-net cost of products sold gross profit administrative and commercial costs, profit (loss) from sales; it also includes: income from participation in other entities; interest income; interest expense; other income; other expenses; profit (loss) before taxation current profit tax; change of deferred tax obligations change of deferred tax assets other net profit (loss). Reference in report: results of revaluation of non-current assets not included in net profit (loss) of the period results of other operations not included in net profit (loss) for the period basic earnings (loss) per share; diluted earnings (loss) per share. The report is based on two fundamental principles – the method of calculation and assumptions the continuity of the organization. Its content transformed in accordance with the format of the report, implemented the international financial reporting standards - IFRS 1 "Presentation of financial statements". The value of the statement of financial performance is determined by their role as criteria of effectiveness and efficiency of industrial - financial activities of business organizations, the role of profit as source of financing of expanded reproduction
185 kb

IMPROVEMENT OF SEED CROPS IN THE KRASNODAR REGION

abstract 1151601056 issue 115 pp. 894 – 907 27.01.2016 ru 497
The main detected problems in selection system and seed industry consist of depreciation of laboratory equipment and specialized technique; the lack of funds and low incentives for creators of sorts; decreasing of volumes of elite and original seeds production in the Krasnodar region; common use of low reproduction seeds in production of grain. The existing stairs of seed multiplication system are examined, as well as their organizational and legal status. Directions of improvement of system of state support in this field are defined on the basis of presenting subsidies and preferences on purchasing of import of highly specialized equipment, provided that there are no domestic equivalent; correction of requirements in order of receipt of support for development of elite and original seed industry. The necessity of creation of united seed selection center of seed industry in the Krasnodar region on the basis of a specialized research Institute (KNISH of Lukyanenko). Though, as the result of providing by center of consistent recommendations on peculiarities of cultivation of sorts and their adaptive placement, maintenance of contractual relations based on principals of franchising, evaluation of sort and sowing index of quality of seed lots and hybrids, will allow to speed up the development of domestic seed industry, increase the quality of corn farming in region
144 kb

METHODICAL APPROACHES TO THE ANALYSIS AND THE ESTIMATION OF THE FINANCIAL CONDITION OF MANAGING SUBJECTS OF AGRARIAN SPHERE

abstract 1161602038 issue 116 pp. 563 – 574 29.02.2016 ru 545
In the given article methodical bases of the analysis and an estimation of a financial condition of agrarian formations are considered, the revealed lacks of a traditional technique of the analysis of a financial condition of the agricultural organizations are presented. Imperfection of the technique leads to inexact estimations of liquidity of turnaround actives, the balance sheet, financial stability, sources of financing which can be the factor of acceptance of irrational administrative decisions in use of financial resources. The technique of a rating estimation of a financial condition of the agricultural organization is approved. Directions of strengthening of a financial condition of the agrofirm are proved
154 kb

PROBLEMS OF RATING OF FINANCIAL ACTIVITY OF MANAGING SUBJECTS OF AGRARIAN SPHERE

abstract 1151601057 issue 115 pp. 908 – 920 27.01.2016 ru 501
In the article we have given a critical assessment of credit scoring by American economist D. Duran, we have grounded the developing of his method for the domestic economic conditions. The unacceptability of D. Duran’s method for the analysis of financial condition of domestic economic entities is explained by the following reasons: 1) the imperfection of the hierarchy of indicators of credit scoring, and 2) the imperfection of differentiation of scoring for the actual value of the indicators, forming the credit scoring by groups of firms. In the methodology of D. Duran the main indicator is a level of credit scoring profitability of total assets - for the first class of firms, that are the most financially stable, the authors have given a rating of "50 points" for the actual value of the profitability of 30%; the second most important indicator by the author’s choice is the ratio of current liquidity - for the actual value of the coefficient "of 2.0 and higher," are given 30 points to a first-class firms; the third indicator of the financial condition of firms author has defined as the ratio of the financial independence - for the first group of firms the actual value of the coefficient "of 0.7 and higher," are assessed 20 points. In the fifth, the last group of firms, numerical score is 0 (for the actual return on total assets "of less than 1%", as the value of the current liquidity ratio "of 1.0 or less," for the coefficient of financial independence "less than 0.2"). For assessment of the financial condition of the domestic agricultural producers, a priority in the hierarchy of indicators, in our opinion, has the ratio of financial independence, which is formed mainly by retained earnings. Our researches have shown that the numerical score of the coefficient value "of 0.8 and above" should be 50 points. The second most important in the assessment of the financial condition of the organization, in our opinion, is the profitability of total assets; its actual value "of 5% and above" should correspond to score 30 points. The third in the system of indicators, characterizing the financial condition, is the ratio of current liquidity of the assets. Its actual value "of 3.2 and above" should be evaluated in 20 points for the agricultural organizations of the first, most financially stable, group
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