The article deals with competition issues between
modern currencies for domination on international
financial markets. Historical background of world
currencies and the reasons for development and
becoming dominants nowadays are analyzed. Author’s
reasoning and data analysis of several currencies place
in the global exchange system are given. Process of
defining a currency as «reserve» is analyzed.
Economic essence of SDR and Wocu is concerned.
Dynamics of international savings in foreign currency
reserves and share of external loans in foreign
currency are analyzed in the article. Data of the survey
made by A&O Research about currency domination is
examined, competitiveness assessment of modern
currencies is summarized
The article deals with the qualitative characteristics of
the accounting (financial) statements in accordance
with International Financial Reporting Standards:
understandability, relevance, reliability and
comparability. The article gives a definition of
reliability of the accounting (financial) statements as
one of the most important quality characteristics that
ensure the usefulness of accounting information for a
wide range of users. We present main consequences of
the lack of consideration of the impact of inflation on
the performance of financial statements. We have
studied the methods of adjustment of financial
statements for inflation indicators that can identify and
neutralize the effects of inflation on the performance
of economic activities of commercial organizations
Small business is an important segment of the
economy of the state. However, today, there remains
a number of problems in the effective functioning of
small business organizations, including the lack of
adequate tools for information processing, necessary
to justify their development strategy. The article
presents a solution to the task of developing
functional requirements for an application that
automates the process of forming a business model of
small business organizations. The set of developed
requirements is represented by a set of diagrams "Use
Case Diagram", built using the unified modeling
language UML. It is shown, that the business model
is the main source of data for calculating the
efficiency indicators of business ideas, capital
investments, incomes and expenses. As a basic
approach to the development of the business model,
the template proposed by A. Osterwalder was chosen,
which was supplemented with the "Competitors
analysis" block. Thus, the improved business model
template will include the following processes:
"Project Value Proposal", "Design Consumer
Segments", "Design Sales Channels", "Design
Customer Relationship Technologies", "Design
Processes", "Design Resources", "Design partners",
"Analyze suppliers". Among the blocks of the
business model template, the key one ("Distribution
channels") is provided, which includes the calculation
of revenues and expenditures, performance indicators
for each sales channel, and their consolidated
representation in the overall business model
In accordance with many surveys, it is clear that rural
holidays play an important role in diversification of
modern touristic places. Its diversity attracts more and
more tourists in different countries from all over the
world, including Russia. The phenomenon of
agritourism has been known in touristic science and
practice for a long time. However, a common
interpretation of its content and an approach to its
classification has not been developed. The article
presents a hypothesis, which represents agritourism at
the present stage of its development; a special kind of
tourism, which unites a number of subclass and their
development requires a special set of tourist resources
The author has greatly elaborated the science of
tourism theory in terms of formation of the conceptual
unit of agritourism, including its inherent properties as
a special field of tourism; classification criteria (using
the results (products) of agricultural production in
various forms, the infrastructure and resources of the
agritourism facility or the whole countryside, trade
activity) according to classes and subclasses. In
contrast to the pre-existing partial approaches to
agritourism, it allows, to isolate it properly as an
independent and complete subject of management
facility in the tourist industry. The article presents the
author's suggestion on agritourism conceptual
framework development, typology of tourist resources
use
Realization of the objects set in the Strategy of
innovative development of the Russian Federation
depends on the level of resource providing the projects
and programs entering it. In this work, types of
resources and a possibility of their effective use are
analyzed. Russia possesses practically all types of
natural resources and the labor potential necessary for a
country conclusion in leaders of world economy. The
problem consists in inefficient use of these resources,
which are distributed in the directions, deadlock for our
country. During the analysis which is carried out by
means of production function it is established that
return from investments into mining industry is much
lower, than from capital investments in the productions
which are turning out competitive, innovative products
with high value added. Important task is distribution of
resources in the priority directions of Strategy among
which there is no astronautics, of a nuclear power
engineering, aircraft, those branches where still there is
a scientific and technical reserve and there were
qualified personnel. The analysis of historical
experience showed that the country achieved the
greatest success in post-war years when command
methods carried out mobilization of all necessary
resources for achievement of a goal. In the modern
market conditions it is offered to finance the initial
stages of life cycle of innovative projects from public
funds, and on closing stages to raise funds from
investors by means of tools of public-private
partnership
This article considers the value of inventories for accounting
and analysis. The purpose of the analysis of
material resources is to increase efficiency of production
through rational use of resources. Its inventory
can optimize and improve the organization as a whole
Actual problems of development of the Russian
banking system are that banks institutions through the
implementation of their economic policies provide
effective and continuous steady growth of the national
economy. Innovative activity of banking institutions is
shown by their role in the system of social relations in
the framework of the expansion of demand for banking
products and services, the credit field and stimulating
economic growth. They are financial moderators of
economic growth. On the basis of these studies, the
inventors have proposed a classification of the
elements of the banking system with the release of the
federal and regional banks. The author's approach
allows expanding the understanding of
competitiveness, the penetration of financial services
in various sectors of the regional economy, as well as
their level of provision. The authors evaluated the
performance of the institutional saturation and
profitability of banking institutions, concentration of
assets, capital and households’ deposits. According to
the research developed by the prospects of
development of the regional banks in view of the
reform of the role of regional banks by the mega
regulator
This article is devoted to the practical application
of economic-mathematical methods (based on correlation
analysis) to control the economic parameters
of the integrated production systems sugar
subcomplex (IPS SS) AIC oriented to meet the
needs in the sugar production of the population not
only of individuals, but also of the regions and the
country as a whole. This article discusses and
solves the following tasks: autocorrelation and
partial autocorrelation functions, cross-correlation
function (correlation matrix) study of deciduous
macroeconomics series, with appropriate verification
(test) Durbin - Watson. The study used Statistica,
MS Excel and Xlstat add-in. The work describes
experiments with various kinds of nonstationary
time series of the agricultural sector and
food industry sugar subcomplex, as well as the test
results on the difficulty of communication between
them. We have identified industry-high cycles. The
article presents results of numerical experiments
autocorrelation of the time series of sugar production,
acreage, gross harvest and yield of sugar beet
and sugar cane, by country. Systematically, we
describe ideas and methods underlying the correlation
analysis. We have given the evaluation of the
results of correlation analysis on each type. Further,
it can be assumed that the proposed techniques
will greatly affect a key points when making
recommendations for new models of production
of sugar products, market-oriented – this will
minimize the time and cost of the finished product
that will make a more stable position in the sector
for this integrated production system in relation to
its competition
The article is an author's view on the problem of innovation and innovation environment applied to the oil industry of the country and its regions. The main task set by the authors during the study is the development of theoretical provisions for determining the priorities for the formation of an innovation environment in the Russian oil and gas sector and the development of methodological recommendations for the improvement of the innovation environment. For this purpose, the following tasks were accomplished: the essence of the innovation environment of the oil industry as an economic category was revealed and the priorities of its formation in the oil and gas complex of the region were justified; the methodological bases of the innovation environment analysis are substantiated and the priorities of its formation in the economy (structure, functions, indicators) are revealed; proposals to improve the innovation environment in the oil-producing region have been developed; methodical recommendations on the development of innovative processes in the industry have been formed. Concerns about fuel safety, environmental problems are growing in the society. Therefore, in this article, the authors propose their own approaches to the organization of interaction between the subjects of regional oil and gas markets, the external environment and municipal and state authorities on a science-based basis. The purpose of this concept is to create a local oil territorial production complex that will be dynamic, flexible, capable of rapid adaptation in changing conditions
This article is an attempt to improve the work on the
organization of the audit of the effectiveness of the
internal control of business processes of economic
agents of the market, has been successfully tested in
practice, internal audit of a number of agricultural
holdings of the Krasnodar region. The results of these
internal audits, organized in accordance with the
procedure provided, can provide substantial assistance
in the construction management personnel of the
sound system of internal control