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
The issues of functioning of domestic and foreign labor
markets are considered in the article. There were
determined the main problems that accompany the
functioning of these markets. There was given the
characteristic of the term "labor force". There were
presented the main directions and stages of work of
recruitment agencies that are intermediaries between
an employer and an applicant. There were
substantiated the main directions and types of
personnel policy of an organization. There was
conducted the comparison of the types of personnel
policy of an organization: passive, reactive, preventive,
active. There were characterized the technologies of
personnel marketing, which are based on the functions
of personnel planning, employee engagement, selection
and screening of candidates. There were identified the
key functions of personnel marketing. The personnel
marketing on an enterprise allows us to conduct the
target intelligent selection of personnel for vacant
positions, it allows to provide for needs of an
enterprise in employees of specific categories, gives
the possibility to influence the compensation and
effectiveness of labor potential of an enterprise. There
was based the reasonability of personnel marketing
technologies application as an effective instrument of
interaction of domestic and foreign labor market. The
application of personnel marketing technologies
supplies the effective personnel policy of a company
that will allow providing the effective maintenance of
labor potential of a company
In the article the bank regulator of the country - the Federal Reserve System (FRS) is considered. The influence of monetary policy of FRS on the international financial markets, including the stock, currency and commodity markets is estimated. For the analysis of data, the statistics indicators characterizing dynamics of driving of major financial instruments and the markets since 2007 and finishing with the beginning of 2017 are used. As comparison, the analysis of dynamics of interest rates of the Federal Reserve of the USA and the S&P500 market index was used. The Influence of FRS on the American and German bonds is defined. On this basis, the conclusion is drawn that securities have high correlation, but the other Central banks take part in it. The forward reaction of monetary policy of the other bank regulators on decisions of FRS after crisis of 2008-2009 was revealed. The research of the influence of monetary policy of FRS on the market of petroleum crude, which suffered, first of all, because of the increase in interest rates of the bank regulator of the USA is conducted. The authors of the article have studied the reason of this process caused by interrelation of the commodity markets and monetary policy of FRS. In conclusion, key trends of the world financial platforms because of change of monetary policy of FRS and possible consequences for actual and financial sectors of the world economy were allocated
Despite a voluntary nature of creation of the financial reporting by the Russian organizations according to international accounting standards, the Federal law No. 208-FZ "About consolidated financial statements" which establishes general requirements to creation, representation and disclosure of consolidated financial statements by the legal entity created in accordance with the legislation of the Russian Federation was issued on July 27, 2010. The law carries to a number of such organizations: 1) credit institutions; 2) insurance companies (except for the medical insurance companies performing activities only in the sphere of compulsory medical insurance); 3) non-state pension funds; 4) managing companies of investment funds, mutual investment funds and non-state pension funds; 5) clearing organizations; 6) the federal state unitary enterprises which list affirms the Government of the Russian Federation. Thus, the Russian organizations constituting the consolidated statements have to do it strictly according to IFRS, starting with the reporting of 2012. Preparation of the reporting under IFRS in the companies requires fixed tracking of innovations in standards, permissions of matters of argument and treatments by separate provisions, increase in speed of data collection and processing for improvement of quality of the reporting and terms of its closing. For this reason, there is a need for involvement of specialists in creation of the Russian reporting according to IFRS. This profession is demanded first of all in the foreign organizations whose Russian divisions are obliged to report on a regular basis to head offices. However, recently in Russian companies which are trying to come to foreign markets or interested in foreign investments these specialists are also required
Methods and models for assessing the effectiveness
of management of innovative activities of enterprises
allow to calculate its indicators for each individual
innovation project that can potentially be included in
the developed version of the plan, and for a version
of the plan (program) of innovation development in
general. In the existing practice, this problem is
usually solved means of an assessment of the socioeconomic
efficiency of their implementation. The
objects of this assessment are commercial and
budgetary efficiency. The output data of the specified
process is: the payback period of investments (the
period of their return) and the profitability index
(return on investment) - when calculating commercial
efficiency; the net discounted income of the state
(budgetary effect), the profitability index and the
period of return of budget funds - when determining
budgetary efficiency. Within existing practice of
assessing the effectiveness of the implementation of
innovative plans and programs, enterprises usually
only determine the financial results of the
implementation, without linking them with the
planned specific results of scientific and innovation
activities. This practice is a consequence of the long
dominance of the so-called "monetary" approach to
solving this problem. Of course, it is important for
the enterprise to reduce the costs of implementing the
innovation project, and to increase the return on
assets. However, it is also important for the enterprise
to ensure that its innovative activity provides the
maximum saving of not only production resources,
but also labor resources (labor productivity) and material resources (material-output). It allows the
enterprise to increase the efficiency of its innovation
activities and ensure the achievement of the planned
target indicators and indicators of its development
program. In order to solve this problem, the main
elements of innovative activities of enterprises and
the trends of their development in modern conditions
are identified in the article. A systematic analysis of
this activity is carried out. The organizationaleconomic
mechanism of innovative activity of
enterprises is formalized, structured and investigated.
The theoretical bases of the organizational and
economic mechanism of innovative planning are
considered. The economic-mathematical tools for
adjusting short-term plans and a long-term program
for the innovative development of enterprises are
proposed
Based on risk analysis and consequences of the
accidents which have happened to the space equipment
from the moment of the beginning of an active phase of
space activity, the authors have come to a conclusion
that initial stages of life cycle of the project, namely
start and a conclusion to an orbit of artificial Earth
satellites are subject to the greatest risks. Further
functioning of the spacecraft in an orbit is accompanied
by much smaller risks, and the least risky are works on
service of land infrastructure, processing and
information transfer to consumers. Methods of
economic protection, which provide acceptance or
transfer for a certain payment of risks are not always
acceptable for an initial stage of the space project – start
and removal into a satellite orbit. Authors suggest
evading whenever possible from similar risks for what
it is necessary to reduce starts for the benefit of foreign
customers. The research of structure of the world space
market has shown that such kinds of activity as
production of land space infrastructure and rendering
services of satellite communication and broadcasting
are the most demanded. The market of starting services
is gradually reduced in connection with miniaturization
of the equipment of satellites and high specific risks of
start. The policy of Roskosmos is focused generally on
preservation of leadership in starting services which
differ in high risks, to the detriment of creation of own
satellite group capable to render a wide range of space
services to foreign partners. Change of reference points
of the strategy of development of the domestic spacerocket
industry towards highly profitable and least risky
types of space activity is offered
Sustainability of enterprises plays an important role in the economic and social life of all industrially developed countries. Despite numerous publications devoted to the analysis of the sustainability of organizations, there are still ambiguous approaches to the methods of analysis for different authors. In addition, for companies of different industries, forms of ownership, geographically located in different regions of the border, the methods and indicators for assessing sustainability can vary considerably. In this connection, there is a need to develop a decision support system that would allow the most efficient assessment of the sustainability of the largest possible range of enterprises, with the possibility of adjusting and flexibly tuning as many parameters as possible. The article describes the architecture and algorithm of the DSS, which implements the following model of initial data generation in its functional; Model of formation of a tree-like structure of groups of indicators on the basis of which the stability is assessed; Model for specifying the fuzzy sets belonging to the recommended values of the indicators; Model for calculating the values of groups of indicators and their fuzzy estimates; The model of graphical interpretation of the organization's sustainability assessment. The developed system was tested on the basis of the company called Antey LLC
The article describes a system for managing the dynamics of national currencies exchange rates of the countries of the Eurasian Economic Union (EEU) in relation to the collective currency. The purpose of this method is achievement of equilibrium values of exchange rates and improvement of the state of trade balances of the countries of the EEU. The authors conclude that the application of the proposed system will lead to an increase in the interdependence of the dynamics of the exchange rates of the countries of the EEU. This will ensure preparation for further deepening of the intra-union integration
PRIORITY DIRECTIONS OF INCREASE OF THE EFFICIENCY OF INVESTMENT ACTIVITY OF HEALTH CARE INSTITUTIONS
This article aims to review priority directions of
increasing the efficiency of investment activity of
health care institutions. As health plays an important
role in the economy of any country, it is necessary to
improve its efficiency by investing in its development.
Additional funding, investment in health will significantly
change the quality of provision of medical
organizations, to develop new programmes, able to
solve various problems existing in the health care
industry of the Russian Federation. The priority
direction to improve the efficiency of investment
activities of MBHI CCCH No. 1 is opening within the
healthcare facilities pharmacies called "Land of pills".
This article describes technical, economic and financial
feasibility study of business plan to open this
pharmacy
Requirements to instruments of diagnostics of
external and internal environments of the
organization are developed and proved in this
article; comparative analysis of requirements is
carried out, incompleteness of the analysis and its
insufficient reliability are present, the problem of
need of improvement of instruments of diagnostics
is investigated, interaction model "the organization
– the external environment" with emphasis on
structurization of factors meso environment and on
the integrated model of process of strategic
management is offered, implementation of the
procedure of expert poll in combination with
estimates during the NDPESTEL –, SNW - SWOT
– and VRIO analysis, and also development of the
automation equipment which are used in the
interactive mode are offered