EFFICIENCY OF CORPORATE FINANCE: FORMATION OF ACCOUNTING AND MANAGEMENT TOOLS
Open Access
- 25 January 2021
- journal article
- Published by RIOR Publishing Center in Russian Journal of Management
Abstract
The article presents a system of indicators developed by the authors, which is offered to corporations to assess the efficiency of their financial relations by the accounting and management apparatus, which play a key role in business due to the greatest liquidity of monetary resources in the modern economic era. The tools of such a system are based on the study of controlled and uncontrolled conditions of corporate functioning. Controlled conditions include economic processes in their expanded understanding, uncontrolled conditions-microenvironment and macroenvironment of corporations, which require them to bear the corresponding monetary costs, compared with the result obtained from them (profit in relation to the commercial sector of the economy). the argument of this approach to the formation of the proposed tools consists in the diversification and multi-vector nature of corporate business processes, which entail a wide range of costs for the maximum attraction of financial benefits from each type of activity, while simultaneously ensuring parity of accounting and economic indicators (reducing to zero the level of imputed costs that generate lost profits in value terms). the use of the recommended author's approach by corporations will ensure that they optimize the result and costs (profit and expenses) and, accordingly, the effectiveness and cost (direct and indirect profitability or profitability) of their activities, which determine their financial efficiency.Keywords
This publication has 2 references indexed in Scilit:
- Маркетинговый анализ как ключ к успеху молодой компанииRussian Journal of Entrepreneurship, 2015
- Траекторное управление высотным скоростным летательным аппаратом на маршевом участке полетаИзвестия Российской академии наук. Теория и системы управления, 2013