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1
Huang, Wei. "Current Situation of Chinese State-Owned Assets Management." International Journal of Trade, Economics and Finance 12, no. 4 (August 2021): 104–8. http://dx.doi.org/10.18178/ijtef.2021.12.4.702.
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This article introduces the current scale and development of Chinese state-owned assets; the situation about separating government functions from State-Owned Enterprise management and state-owned capital in China; modern corporate system construction and improvement in SOEs, as well as the shortages in the process; comprehensive and deep mixed ownership reform and equity diversification reform at SOEs and for state-owned assets; enhancement of Chinese Communist Party construction in SOEs; SOEs’ great effort on innovation promotion; institutions and governments’ assets management; and the situation of state-owned assets’ concentration.
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Nobanee, Haitham, and Jaya Abraham. "Current assets management of small enterprises." Journal of Economic Studies 42, no. 4 (September 14, 2015): 549–60. http://dx.doi.org/10.1108/jes-02-2013-0028.
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Purpose – The purpose of this paper is to investigate the relationship between a firm’s net trade cycle, its size and liquidity. Design/methodology/approach – The relation between the firm’s net trade cycle and its liquidity is examined using Generalized Method of Moment Dynamic Panel-Data System Estimation with Robust Standard Errors for a sample of 5,802 US non-financial firms listed in the New York Stock Exchange, American Stock Exchange, NASDAQ Stock Market and Over the Counter Market for the period 1990-2004 (87,030 firm-year observations). The analysis is applied at the levels of the full sample and divisions of the sample by size. Findings – The results show negative and significant relationship between net trade cycle, as a comprehensive measure of efficiency in working capital management, and liquidity for small firms. Originality/value – Most of the existing literature focusses on the large firm’s experience of working capital management. Small firms generally face liquidity problems and have limited access to external capital, and studies on their efficiency in working capital management are scant. Thus the present study is useful in understanding the relation between the firm’s net trade cycle and liquidity of small firms.
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Ilyina, E. A., and Tu D. Mongush. "CURRENT ASSETS MANAGEMENT ALGORITHM FOR AGRICULTURAL ENTERPRISE." Herald of the Belgorod University of Cooperation, Economics and Law 2, no. 81 (2020): 132–41. http://dx.doi.org/10.21295/2223-5639-2020-2-132-141.
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Michalski, G. "Operational risk in current assets investment decisions: Portfolio management approach in accounts receivable." Agricultural Economics (Zemědělská ekonomika) 54, No. 1 (January 29, 2008): 12–19. http://dx.doi.org/10.17221/254-agricecon.
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The basic financial purpose of an enterprise is maximization of its value. Trade credit management should also contribute to the realization of this fundamental aim. Many of the current asset management models that are found in the financial management literature assume book profit maximization as the basic financial purpose. These book profit-based models could be lacking in what relates to another aim (i.e., maximization of the enterprise value). The enterprise value maximization strategy is executed with a focus on risk and uncertainty. This article presents the consequences that can result from operating risk that is related to purchasers using payment postponement for goods and/or services. The present article offers a method that uses the portfolio management theory to determine the level of accounts receivable in a firm. An increase in the level of accounts receivables in a firm increases both net working capital and the costs of holding and managing accounts receivables. Both of these decrease the value of the firm, but a liberal policy in accounts receivable coupled with the portfolio management approach could increase the value. Efforts to assign ways to manage these risks were also undertaken; among them, a special attention was paid to adapting the assumptions from the portfolio theory as well as gauging the potential effect on the firm value.
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Ivanović, Vanja, and Elvis Mujačević. "NET CURRENT ASSETS IN FEASIBILITY STUDIES." Tourism and hospitality management 9, no. 2 (December 2003): 177–88. http://dx.doi.org/10.20867/thm.9.2.16.
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Net current assets consist primarily of cash, marketable securities, receivables and inventory. The balances in these accounts can be highly volatile as they respond quickly to changes in the firm’s operating environment. Medium-term planning and immediate reactions to changes in forecasts and conditions are required for effective management of the net current assets. Net current assets management is the functional area of finance that covers all the current accounts of the firm. It is concerned with the adequacy of current assets as well as the level of risk posed by current liabilities. We can say that net current assets management is a discipline that seeks proper policies for managing current assets and liabilities and practical techniques for maximizing the benefits.
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Kantsedal, N., I. Klimovich, and V. Ganіn. "SINGLE QUESTIONS OF MANAGEMENT OF CURRENT ASSETS ENTERPRISES." Ekonomika ta derzhava, no. 11 (December 3, 2019): 103. http://dx.doi.org/10.32702/2306-6806.2019.11.103.
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V., STRATIIСHUK. "STRATEGIC MANAGEMENT OF CURRENT ASSETS OF TRADE ENTERPRISES." Herald of Kyiv National University of Trade and Economics 127, no. 5 (October 6, 2019): 59–74. http://dx.doi.org/10.31617/visnik.knute.2019(127)06.
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GAVATIUK, Liudmyla, and Alona PILAT. "IMPROVEMENT OF THE CURRENT ASSET MANAGEMENT MECHANISM AS A CONDITION FOR THE EFFECTIVE FUNCTIONING OF ENTERPRISES." Herald of Khmelnytskyi National University 302, no. 1 (January 2022): 189–94. http://dx.doi.org/10.31891/2307-5740-2022-302-1-32.
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The article analyzes the improvement of the mechanism of current asset management in enterprises as a condition for their effective functioning. Current asset management is a purposeful activity of an enterprise related to determining the amount of current assets, the risk of losses received as a result of a shortage of certain components of current assets, as well as related to control over their formation, use and creation of appropriate organizational prerequisites. The process of improving the mechanism of current asset management of enterprises should include the following stages: analysis of the total volume, composition, structure and efficiency of using current assets in the previous period, selection of the type of current asset formation policy, justification of the quantitative characteristics of the formulated goals, ensuring the optimal volume of all types of current assets, ensuring the optimal ratio of constant and variable parts of current assets, ensuring the necessary level of liquidity and speed of turnover of current assets, ensuring the necessary level of profitability and acceptable level of risk of current assets, selecting forms and sources of financing current assets, monitoring and controlling the current state of current assets and making appropriate corrective decisions. Improving the current asset management mechanism of the enterprise will allow managers to use it to ensure stable functioning and predict the development of the enterprise in the future. If the financial and economic mechanism of current asset management is improved, it will be possible to achieve long-term goals, as well as increase the level of competitiveness of the enterprise in the market.
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Golovko, O. Hr, and D. O. Omelianenko. "PECULIARITIES OF BUSINESS ASSET MANAGEMENT." Economics and Law, no. 2 (September 9, 2021): 135–42. http://dx.doi.org/10.15407/econlaw.2021.02.135.
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The article is devoted to the generalization of theoretical aspects and practical recommendations for improving the asset management system in modern conditions. To build an effective system, the object of management — assets — is studied in detail. The approaches to understanding the essence of assets, namely value, financial and property, are singled out. The ratio of such concepts as “current assets”, “working capital” and “working capital” is studied, their common and different characteristics are determined. The current assets are grouped according to different classification features and their significance in the production process is determined. It is substantiated that the grouping of current assets is primarily of practical importance, allowing to build a clear system of accounting and analysis of the availability and movement of current assets and to form an effective system of their management by individual types. A thorough analysis of the interpretations of the concept of “asset management” available in the scientific literature has been made, and several approaches to its understanding have been identified. The conducted research made it possible to form an author's definition of the current assets management system. It is determined that the current assets management system should be based on an integrated approach, the components of which are objects and subjects of management, purpose, basic principles and functions, methods and tools of influence, formalized quantitative and qualitative criteria for achieving goals, and factors forming the operating environment of the object. The characteristic of each element of the system is given, in particular the subjects and objects of management are concretized, their interaction is considered, the purposes and tasks are outlined. It is determined that the functions of the management system are controlling, stabilizing and analytical, and the principles on which it is based — timeliness, unity, continuity, optimality and rationality. The implementation of the current assets management system involves the implementation of a number of successive measures in the form of certain stages, which are considered in the work. The proposed system of current assets management will predict the choice of management strategy of the entity in the long run and increase the overall efficiency of its operation.
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Buhrimenko, R. M. "THE FINANCING POLICY OF TRADING ENTERPRISES' CURRENT ASSETS." Herald of Kiev Institute of Business and Technology 40, no. 2 (June 14, 2019): 7–11. http://dx.doi.org/10.37203/kibit.2019.40.02.
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At the present stage, management of working assets at the level of trading enterprises is one of the topical issues. This is due to the peculiarities of the functioning of trade enterprises in modern economic conditions and the importance of working assets for them as a resource, investment object, part of working capital. Much of the factors that determine the state of the enterprises of trade lie beyond the scope of their management. However, an important role in determining their position is the improvement of financial management and, above all, management of working assets.
Of particular importance for trading companies is the management of the financing of current assets, because they are the main component of their commercial potential. All this determines the relevance and practical significance of research work, the goals of which are defined as the establishment of methodological foundations for managing the financing of current assets of trading enterprises in modern conditions, and the proposed materials are a continuation of research in this area.
The article describes the author's view on the structure and sequence of the formation of the policy of financing current assets in trading enterprises in modern conditions. The relationship of the system of achievement of the goals related to different levels of the hierarchy and tools of realization of the policy of financing working assets is given. It is substantiated that the tools of the realization of the phases of forming the policy of financing the current assets of the trading enterprise should be the common approaches to the processing and formation of information management.
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Golovko, O. H., and V. D. Koltyukova. "FEATURES OF MANAGEMENT OF CURRENT ASSETS OF THE ENTERPRISE." Financial and credit activity: problems of theory and practice 1, no. 22 (June 30, 2017): 182–88. http://dx.doi.org/10.18371/fcaptp.v1i22.109946.
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Mishchenko, Alexandr Vladimirovich. "Management models of current assets in a trading company." International Journal of Logistics Systems and Management 27, no. 3 (2017): 283. http://dx.doi.org/10.1504/ijlsm.2017.084467.
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Mishchenko, Alexandr Vladimirovich. "Management models of current assets in a trading company." International Journal of Logistics Systems and Management 27, no. 3 (2017): 283. http://dx.doi.org/10.1504/ijlsm.2017.10005116.
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Anicic, Jugoslav, Natasa Simic, Vesna Petrovic, and Dusan Anicic. "Financial aspects of current assets management in Serbian economy." Journal of Process Management. New Technologies 5, no. 2 (2017): 36–44. http://dx.doi.org/10.5937/jouproman5-13442.
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CHIU, MEI CHOI. "MEAN–VARIANCE EQUILIBRIUM ASSET-LIABILITY MANAGEMENT STRATEGY WITH COINTEGRATED ASSETS." ANZIAM Journal 62, no. 2 (April 2020): 209–34. http://dx.doi.org/10.1017/s1446181120000164.
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AbstractThis paper investigates asset-liability management problems in a continuous-time economy. When the financial market consists of cointegrated risky assets, institutional investors attempt to make profit from the cointegration feature on the one hand, while on the other hand they need to maintain a stable surplus level, that is, the company’s wealth less its liability. Challenges occur when the liability is random and cannot be fully financed or hedged through the financial market. For mean–variance investors, an additional concern is the rational time-consistency issue, which ensures that a decision made in the future will not be restricted by the current surplus level. By putting all these factors together, this paper derives a closed-form feedback equilibrium control for time-consistent mean–variance asset-liability management problems with cointegrated risky assets. The solution is built upon the Hamilton–Jacobi–Bellman framework addressing time inconsistency.
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Chiu, Mei Choi. "Mean-variance equilibrium asset-liability management strategy with cointegrated assets." ANZIAM Journal 62 (January 13, 2021): 209–34. http://dx.doi.org/10.21914/anziamj.v62.14649.
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This paper investigates asset-liability management problems in a continuous-time economy. When the financial market consists of cointegrated risky assets, institutional investors attempt to make profit from the cointegration feature on the one hand, while on the other hand they need to maintain a stable surplus level, that is, the company’s wealth less its liability. Challenges occur when the liability is random and cannot be fully financed or hedged through the financial market. For mean–variance investors, an additional concern is the rational time-consistency issue, which ensures that a decision made in the future will not be restricted by the current surplus level. By putting all these factors together, this paper derives a closed-form feedback equilibrium control for time-consistent mean–variance asset-liability management problems with cointegrated risky assets. The solution is built upon the Hamilton–Jacobi–Bellman framework addressing time inconsistency. doi: 10.1017/S1446181120000164
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Bai, Wenfei, Rengkui Liu, Ru An, Futian Wang, and Quanxin Sun. "RENEWAL MANAGEMENT FRAMEWORK FOR URBAN RAIL TRANSIT ASSETS." Transport 34, no. 1 (January 16, 2019): 9–18. http://dx.doi.org/10.3846/transport.2019.6722.
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Decision-making surrounding asset renewal is essential for the efficient use of renewal resources and safe operation of urban rail transit. In this study, major problems in the current management of urban rail industries in countries with the same problems as those in China were analysed, and in response, a renewal management framework based on service life estimation was proposed to provide adequate decision-making support for urban rail transit assets. In this framework, the cumulative failure frequency of an asset is used to indicate its health condition, and considering the uncertainties and heterogeneities in the deterioration process of assets, a Poisson–Weibull process model-based methodology was developed to estimate the service and residual lives of each asset, which are then employed in analysing its renewal demand and renewal period. Finally, the model is validated through an empirical study of rail renewal in the Beijing Metro. Our evaluation demonstrates that the proposed framework can estimate each asset’s service life accurately and can be used by asset management personnel to establish reasonable renewal plans and provide decision-making support for a scientifically informed resource allocation, thus mitigating major problems in current management practices.
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Marmul, Larisa, and Mykola Kucherenko. "Current issues of accounting of non-current assets depreciation." University Economic Bulletin, no. 49 (May 22, 2021): 108–12. http://dx.doi.org/10.31470/2306-546x-2021-49-108-112.
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The subject of the research is theoretical principles and practical proposals for the improvement and development of methods and accounting of depreciation and depreciation charge based on the requirements of tax accounting and national accounting standards. The purpose of the article is to identify the problems of accounting for the justification of proposals concerning grouping methods, determination of fixed assets depreciation and depreciation charge based on tax accounting, and national accounting standards harmonization. The methodological bases of the article are general scientific (dialectical, historical, monographic, system-structural), general economic (statistical and economic, groupings), special accounting (double entry, accounting, balance) research methods. The results of the article. It is generalized that fixed assets for accounting and depreciation are divided into certain groups according to the substantiated methods. Accounting problems are related to inconsistencies in regulatory and methodological support and can be resolved based on the harmonization of tax accounting and national accounting standards. Field of application of results. The results can be used in the management of enterprises and in the educational process of secondary special and higher education institutions in training the specialists in economics and accounting. Conclusions. Therefore, in the absence of clear criteria on which the choice of depreciation method for the relevant group of fixed assets should be based, it is likely that the enterprise may provide inaccurate information about its fixed assets and other non-current assets. Therefore, for this purpose, a centralized procedure for determining the liquidation value of fixed assets and other non-current assets should be introduced, as well as clear Regulations on the choice of depreciation method should be developed at the legislative level.
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Chetin, T. E. "SPECIFICS OF FORMATION AND EFFECTIVE USE OF CURRENT ASSETS IN CONSTRUCTION." Herald of Dagestan State Technical University. Technical Sciences 45, no. 3 (May 12, 2019): 231–40. http://dx.doi.org/10.21822/2073-6185-2018-45-3-231-240.
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Objectives. This study is aimed at identifying the specifics of managing current assets in construction enterprises and developing a set of practical measures that can enhance the efficiency of their use.Method. In the course of the study, a system approach was taken, comparative and functional-cost analysis methods.Result. It is shownthatthe specifics of current assetformation in construction industry is to be taken into account when developing a conceptual basis for managinga construction enterprise. Methodological approaches to the estimation of current assets are described, the most effective of which facilitate the optimal choice of sources, forms and volume of attracting current assets into construction industry. A set of practical measures for organizing a system of current asset management in construction enterprises is proposed. These measures are expected to provide for the rational formation and use of all the constituent components of this system.Conclusion. The methodological approaches to the estimation of current assets, criteria for making managerial decisions, management strategy development stage sand methodological provisions for the organisation of the management of current assets presented in this papercan be used as a methodological basis for managing the working assets of a construction enterprise, thuscontributing to improved management efficiency and creating conditions for sustainable functionality. Every managerial decisionrelated to determining the level of financial assets, accounts receivable and inventories should be considered from the standpoint of both the profitability of these assets and the optimal structure of current assets, thus requiring respective management levers. The implementation of the basic requirements for the management of current assets necessitates the application of anti-risk expert-analytical procedures, including those related to the functioning of the corporate information management system.
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Chubka, О. М., M. P. Politylo, and N. V. Moroz. "MANAGEMENT OF CURRENT ASSETS IN THE CONTEXT OF MACROECONOMIC DEVELOPMENT." Financial and credit activity: problems of theory and practice 2, no. 25 (June 29, 2018): 165–74. http://dx.doi.org/10.18371/fcaptp.v2i25.136491.
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Igor, BLANK, and STRATIICHUK Viktoriia. "STRATEGY MAP OF CURRENT ASSETS MANAGEMENT OF A TRADE ENTERPRISE." Herald of Kyiv National University of Trade and Economics 136, no. 2 (April 23, 2021): 53–66. http://dx.doi.org/10.31617/visnik.knute.2021(136)04.
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Hu, Fang, Majella Percy, and Daifei Yao. "Asset revaluations and earnings management: Evidence from Australian companies." Corporate Ownership and Control 13, no. 1 (2015): 1287–96. http://dx.doi.org/10.22495/cocv13i1c11p1.
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This paper examines the association between asset revaluations and discretionary accruals (a proxy for earnings management) using a sample of the largest 300 Australian companies. The results from this study indicate that the revaluation of non-current assets is positively associated with discretionary accruals. This finding is consistent with the argument that revaluation of assets reflects higher agency problems in the form of increased earnings management. Additional findings are that discretionary accruals are higher for firms reporting their non-current assets at fair values appraised by directors, than those of firms that use external appraisers. As well, the choice of auditors and the strength of corporate governance can constrain the opportunistic behaviour of managers in the accounting choice to revalue non-current assets.
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Vinnichek, Lyubov, Dina Badmaeva, and Rakhimjon R. Akhmadov. "Conceptual approach to the management of current assets of an agricultural enterprise." SHS Web of Conferences 110 (2021): 04013. http://dx.doi.org/10.1051/shsconf/202111004013.
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The most important direction in the development and implementation of the financial policy of the enterprise is the management of current assets. In the scientific article the conceptual approach based on the theoretical and methodological essence of current assets, which allowed to identify three main directions of management impacts, is proposed and substantiated. Application of conceptual provisions of current assets management is tested on practical data of agricultural enterprises of the agroindustrial complex of the Leningrad region. The use of the proposed approach will allow for quality monitoring of the state and use of the most important components of current assets, to control the provision of the enterprise with inventories, biological and financial assets, to monitor changes in the composition of liquid assets to ensure the market stability of the enterprise.
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Kondratova, S. V., and M. V. Umrikhina. "Management of current assets of automobile dealer center in the new economy." Izvestiya MGTU MAMI 8, no. 3-5 (October 10, 2014): 10–16. http://dx.doi.org/10.17816/2074-0530-67310.
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The article deals with the management of automobile dealer center current assets. It was revealed that structure of current assets mostly consists of stocks. The model for calculating marginal income, which takes into account cost of financing, is proposed. The conclusion was made that achievement of effective management of current assets is possible due to trade-offs between customer satisfaction and achieving a balance between increasing profits and ensuring the solvency of the company.
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Marhasova, V., I. Ruzhytskyi, N. Tkalenko, T. Shestakovska, and O. Mykhailovska. "CURRENT ISSUES OF PUBLIC FINANCE MANAGEMENT IN UKRAINE." Financial and credit activity problems of theory and practice 5, no. 40 (November 8, 2021): 135–44. http://dx.doi.org/10.18371/fcaptp.v5i40.244915.
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Abstract. The article describes the approaches to defining the essence of understanding «public finance» and «public finance management» in the context of administrative and financial decentralization. A study on the current state of economic development of Ukraine is carried and the public financial management system is analyzed. The dynamics of the ratio of revenues and expenditures of the State and local budgets is shown and the national and subnational levels in the financing of public expenditures are described. The sequence of achieving a new level of welfare of the population is presented and the ways of state influence on local economic development are outlined. The content of the state’s activity on financial resources management and public importance of finances is given. Particular attention is paid to the financial capacity of UTC and the existing positive developments within the decentralization reform in Ukraine. The need to improve the management of public finances was emphasized, as it was evidenced by the size of the budget deficit. The division of budget expenditures by functional classification between the national and subnational levels is presented and the decline of financial independence of subnational budgets is witnessed. An assessment of the level of confidence in financial asset management services of territorial communities based on the calculation of the relevant index is made, and the relationship between the selected indicators (the monetary expenditures of the population; deposits of individuals in investment funds; population savings; volume of capital investments; volume of investments in Ukraine; assets of investment funds) and the level of public confidence in the management of UTC financial assets is researched. Keywords: financial management, public finance, financial capacity of territorial communities, financial assets. JEL Classification H70, H89, R59, Q01 Formulas: 1; fig.: 5; tabl.: 3; bibl.: 20.
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Ammar, A., H. Nassereddine, and G. Dadi. "STATE DEPARTMENTS OF TRANSPORTATION’S VISION TOWARD DIGITAL TWINS: INVESTIGATION OF ROADSIDE ASSET DATA MANAGEMENT CURRENT PRACTICES AND FUTURE REQUIREMENTS." ISPRS Annals of the Photogrammetry, Remote Sensing and Spatial Information Sciences V-4-2022 (May 18, 2022): 319–27. http://dx.doi.org/10.5194/isprs-annals-v-4-2022-319-2022.
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Abstract. Transportation Asset Management (TAM) is a data-driven decision-making process to maintain and extend the serviceability of transportation assets throughout their lifecycle. TAM is an extensive data process that requires accurate and high-quality information for better decision-making. A significant challenge faced by state Departments of Transportation (DOTs) is the need to allocate their limited funds to optimize their assets’ performance. The criticality of this challenge increases when state DOTs need to manage a wide variety of assets distributed along with a vast network. To address this challenge, a new paradigm of digitizing the management of the built environment is emerging and is perceived to highly depend on the integration of several technologies namely on Digital Twins. Digital Twins, by definition, are the connection between the physical and the digital aspects of an asset, thus, aligning with the overarching objective of asset management of leveraging the use of the asset information (i.e., digital aspect of the asset) to improve the asset’s performance throughout its lifecycle (i.e., physical aspect of the asset). At the core of implementing Digital Twins is having the right data collected for use throughout the lifecycle of the asset. Thus, realizing the potentials of Digital Twins in supporting state DOTs to manage their transportation assets and the anticipated benefits, this paper investigated the current practices of state DOTs in digitizing the Data Collection for Roadside Asset Systems by developing and distributing a web-based survey. Five major Data Collection variables and seven Roadside Asset Systems were considered. Furthermore, this paper presents a case study from a leading DOT in digitizing the management of the built environment to further understand the requirements of implementing Digital Twins to support transportation asset data management.
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Hasan, Zunaidah Ab, Azhana Othman, Khalilah Ibrahim, Mohd Ab Malek Md Shah, and Abd Halim Mohd Noor. "Management of Waqf Assets in Malaysia." International Journal of Nusantara Islam 1, no. 2 (December 15, 2015): 59–68. http://dx.doi.org/10.15575/ijni.v3i1.412.
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Waqf is one of the main mechanism in providing support for the development to all levels of the ummah more so for the underprivileged. Waqf institutions in Malaysia are under the jurisdiction of the 14 states rather than the Federal government. This paper reviews the development of waqf in Melaka, one of the states in Malaysia. It discusses a brief historical background, function and legal aspects of waqf matters. A brief information on the structure and administration of waqf in Melaka, Baitulmal is responsible for the sake of administering and managing such waqf assets in Melaka is also presented. This study is also concerned with examining of the current situation of development waqf asset; which is known as waqf saham in Melaka through the record by Majlis Agama Islam Melaka (MAIM). Yet, it is undeniably true that some challenges and impediments pertaining to the issues of developing waqf assets; inter alia, lack of fund and expertise, poor documentation and the record value of waqf property and others.
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METELYTSYA, Volodymyr, and Natalia KOVAL. "PROBLEMATIC ASPECTS OF ACCOUNTING FOR NON-CURRENT AND CURRENT TANGIBLE ASSETS IN BUDGETARY INSTITUTIONS." "EСONOMY. FINANСES. MANAGEMENT: Topical issues of science and practical activity", no. 3 (53) (September 25, 2020): 193–204. http://dx.doi.org/10.37128/2411-4413-2020-3-15.
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This article examines the current state of accounting support for current and non-current tangible assets in budgetary institutions. The analysis of the receipt of non-current tangible assets allowed us to focus on the issue of stagnation of the value criterion when assigning the asset to fixed assets or other non-current tangible assets. The application of the value criterion is currently an imperfect method of grouping non-current tangible assets by classification groups, because the definition of an asset in some cases depends on the supplier's taxation system. The definition of this problem allowed to suggest ways to solve it, where the first proposal is to refuse to separate value added tax from the price of the asset, and the second is to determine the asset by groups based on its properties without reference to its value. Each of the proposed proposals has its advantages, but given the inflationary factors and the instability of economic processes, the grouping of non-current tangible assets should be done by analyzing the characteristics, properties of the asset without reference to its value. The second part of this article is devoted to the study of the method of disposal of stocks received as a result of intra-departmental movement within the authorized body. It is established that this type of stocks has its own specifics associated with its receipt in the field of management and use in the activities of budgetary institutions. Taking into account these factors, the article proposes to legislate the disposal of this type of stock only by using the method of identified cost of the relevant unit of stock. This will ensure the reliability of the financial and budgetary reporting not only in a particular budgetary institution, but also in general by the authorized body. The proposed improvements in the accounting of non-current and current tangible assets will improve the financial and budgetary reporting of budgetary institutions, bring budgetary accounting to international and European standards, as well as improve the quality of planning in budgetary institutions.
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Yurchyshena, L. V., and O. S. Krechko. "The Macroeconomic Analysis of Financing the Current Assets of Industrial Enterprises of Ukraine." Business Inform 11, no. 514 (2020): 337–46. http://dx.doi.org/10.32983/2222-4459-2020-11-337-346.
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Current assets play an important role in the activity of enterprise, so it is necessary to ensure that they are provided with a sufficient amount of financial resources. Research of the present status and dynamics of current assets from the position of both directions of their investment and from sources of financing is important in improving existing management mechanisms. The article is aimed at an analysis of financing the current assets of industrial enterprises of Ukraine. The general components of current assets management are provided, on the basis of which the stages of further analysis are determined. The approaches of domestic scholars to the definition of concepts of «financing» and «current assets» are explored. The composition and structure of current assets are defined and their dynamics for the period 2015–2019 are analyzed. The structure of receivables is specified and the main type of receivables prevailing in industrial enterprises is defined. Calculations of the main indicators used for the analysis of current asset financing, and comparison with recommended values along with an analysis of their dynamics are performed. The importance of current capital for the successful functioning of enterprises and maintaining financial stability is substantiated. The aggregate balance of industrial enterprises for 2015–2019 is formed in order to assess the resources of financing the assets and changes in its structure are analyzed in dynamics. The structure of financing resources invested in current assets of industrial enterprises of Ukraine is calculated and analyzed. On the basis of the carried out research, the main problems of financing the current assets of industrial enterprises of Ukraine are allocated and measures to solve them are proposed. As a result, the importance of current assets in production and the need to choose appropriate resources for their financing are substantiated.
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Yurchyshena, L. V., and O. S. Krechko. "The Macroeconomic Analysis of Financing the Current Assets of Industrial Enterprises of Ukraine." Business Inform 11, no. 514 (2020): 337–46. http://dx.doi.org/10.32983/2222-4459-2020-11-337-346.
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Current assets play an important role in the activity of enterprise, so it is necessary to ensure that they are provided with a sufficient amount of financial resources. Research of the present status and dynamics of current assets from the position of both directions of their investment and from sources of financing is important in improving existing management mechanisms. The article is aimed at an analysis of financing the current assets of industrial enterprises of Ukraine. The general components of current assets management are provided, on the basis of which the stages of further analysis are determined. The approaches of domestic scholars to the definition of concepts of «financing» and «current assets» are explored. The composition and structure of current assets are defined and their dynamics for the period 2015–2019 are analyzed. The structure of receivables is specified and the main type of receivables prevailing in industrial enterprises is defined. Calculations of the main indicators used for the analysis of current asset financing, and comparison with recommended values along with an analysis of their dynamics are performed. The importance of current capital for the successful functioning of enterprises and maintaining financial stability is substantiated. The aggregate balance of industrial enterprises for 2015–2019 is formed in order to assess the resources of financing the assets and changes in its structure are analyzed in dynamics. The structure of financing resources invested in current assets of industrial enterprises of Ukraine is calculated and analyzed. On the basis of the carried out research, the main problems of financing the current assets of industrial enterprises of Ukraine are allocated and measures to solve them are proposed. As a result, the importance of current assets in production and the need to choose appropriate resources for their financing are substantiated.
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Demchenko, Tetyana. "FEATURES OF ACCOUNTING FOR CURRENT ASSETS OF THE ENTERPRISE." Three Seas Economic Journal 3, no. 2 (April 29, 2022): 64–68. http://dx.doi.org/10.30525/2661-5150/2022-2-9.
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The purpose of the paper is to study the problem aspects and methods of current assets presentation in the accounting in order to make informed managerial decisions in the enterprise management. Methodology. In the process of writing this article various general scientific and specific research methods were used, in particular the dialectic method (in the study of eco-nomic phenomena and categories), the induction and deduction method (in the study of the current assets place in the accounting system), the historical, logical and comparison methods (at the stage of accounts specification of the current assets accounting), the systemic method (by the disclosure of the accounting organization processes of current assets), the observation method (in the process of study the state of current assets at the enterprise), the generalization and comparison method (at the stage of theoretical positions generalization and conclusions formation of this study). Results. It was established that current assets are a necessary component of the company property and require the development of an appropriate accounting system in order to provide timely information on the presence, movement and use of current assets of the enterprise. The organization of current assets accounting of an enterprise is complicated by the uncertainty and constant changes in the legal acts. In order to accurately present the inventory accounting of the enterprise, the accountants should timely show the economic operations on the receipt and movement of current assets in the primary accounting documents. Taking into account the direction and documentary registration of operations on the receipt and retirement of stocks, we have developed the chart of inventory behaviour at the enterprise, which clearly shows the formation of information of the accounts. The computer accounting program "BAS Accounting" is offered for use, which will allow to optimize the accounting of current assets at the enterprise in the best way. Practical implications. The practical use of the proposed offers will ensure the correct presentation of operations on the organization of current assets accounting and the prompt receipt of the necessary information by the company management. Value/originality. The results of the study are aimed at improving the quality, reliability and efficiency of current assets accounting and can be used in the work of Ukrainian enterprises. Evaluation of current methods of accounting for current assets, development and implementation of recommendations for their practical improvement will improve both accounting and, accordingly, management decisions on their effective use in the enterprise.
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Snitko, L. T., and O. A. Klindukhova. "MODERN TOOLS FOR EVALUATING THE EFFICIENCY OF ORGANIZATION’S CURRENT ASSETS MANAGEMENT." Herald of the Belgorod University of Cooperation, Economics and Law 3, no. 70 (2018): 22–35. http://dx.doi.org/10.21295/2223-5639-2018-3-22-35.
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Jain, P. K., and Surendra S. Yadav. "Current Assets Management: A Comparative Study of India, Singapore and Thailand." Vision: The Journal of Business Perspective 4, no. 2 (July 2000): 5–19. http://dx.doi.org/10.1177/097226290000400202.
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The management of current assets (CA) such as cash, marketable securities, inventory and debtors, etc. is a vital aspect of corporate finance. These assets must be managed efficiently in order to maintain the liquidity of the firm while also ensuring that they are not kept at high levels either. This paper presents an empirical study, based on the data of corporate enterprises of India, Singapore and Thailand. Comparative practices with regard to CA management of the three countries have been examined. It has been observed that Singapore companies carry excessive cash balances, much more than the normal requirement. As regards inventory levels, Indian and Thai companies hold on average about 40 per cent of CAs as inventory as against 25 per cent in Singapore. It is noteworthy that the debtor-to-CA ratio is almost the same (about 33%) in all the three countries.
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Alahdal, Waleed M., Fozi Belhaj, Najib H. S. Farhan, Eissa A. Al Homaidi, and Ebrahim Al Matri. "Current Assets Management: A Comparative Study between Nascent and Established Entrepreneurs." International Journal of Economics and Business Research 1, no. 1 (2022): 1. http://dx.doi.org/10.1504/ijebr.2022.10041199.
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Mordan, Ie, and A. Sumchenko. "THE METHODICAL APPROACH TO THE CONSTRUCTION OF THE ENTERPRISE ASSET MANAGEMENT SYSTEM." Vìsnik Sumsʹkogo deržavnogo unìversitetu, no. 4 (2019): 24–34. http://dx.doi.org/10.21272/1817-9215.2019.4-3.
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The article deals with generalization of theoretical aspects and practical recommendations on improving the system of management of current assets in modern conditions. The management object are current assets, was studied in detail to build an effective system. The relation of such concepts as "current assets", "circulating capital" is investigated, their common and different characteristics are determined. The grouping of current assets by different classification characteristics (sources of formation, composition, level of liquidity, nature of the organization, place in the reproduction process, form of operation, location) is carried out and their value in the production process is determined. It is substantiated that the grouping of current assets is first and foremost of practical importance, allowing to build a clear system of accounting and analysis of the presence and movement of current assets and to form an effective system of their management by individual types. The thorough analysis of the concepts in the scientific literature of the concept of "management of current assets" is carried out, it is distinguished several approaches to its understanding. The researches made it possible to form an author's definition of a system of management current assets. It is determined that current assets of the management system should be based on a comprehensive approach, the components of which are the objects and subjects of management, the purpose, basic principles and functions, methods and instruments of influence, formalized quantitative and qualitative criteria for achievement of purposes, as well as factors, that shape the environment of the object. The characteristics of each element of the system is presented, including in particular the subjects and objects of management, their interaction is considered, purposes and tasks are defined. It is determined that the functions of the management system are controlling, stabilizing and analytical, and the principles on which it is built - timeliness, unity, continuity, optimality and rationality. The implementation of the current assets management system implies the implementation of a number of sequential measures in the form of certain steps, which are considered in the paper. The proposed working capital management system will make it possible to predict the long-term management strategy of an entity and to improve its overall functioning. Keywords: current assets, management of current assets, management system, current assets of the company.
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BONDARENKO, Olha, and Tetiana CHAIKOVSKA. "Audit of non-current assets in aviation enterprise." Economics. Finances. Law, no. 4/1 (April 30, 2020): 14–16. http://dx.doi.org/10.37634/efp.2020.4(1).3.
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Introduction. The structure of a modern enterprise is mainly characterized by the presence of a large number of fixed assets. The aviation industry is no exception, which is why most businesses in this area build their operations using a significant amount of non-current assets. Drawing on the experience of domestic and foreign companies, it should be noted that an internal and external audit is one of the most important stages of managing non-current assets. Therefore, it should be noted that the proper work of the auditor, namely the effective methodology used to carry out the procedure, the use of the optimal plan and the necessary steps, is the key to expressing an objective audit opinion, on the basis of which the company will be able to make sound management decisions The purpose of the paper is to investigate the peculiarities of construction of the process of audit of fixed assets at aviation enterprises. Results. The audit may be carried out on the initiative of the enterprise and in cases provided for by law. Three groups of auditors should be distinguished: state, internal, independent. The audit process, in order to increase its effectiveness, should be clearly planned and take into account the specific nature of the enterprise. The objectives of the audit of fixed assets are: checking the existence of assets at a certain date, checking the accuracy of registration of their receipt, use and disposal, as well as ownership of them. Checking the valuation of fixed assets. When designing the audit process, the auditor should be aware that most aviation industry entities have a large number of leased property in their non-current assets, accompanied by accounting features and nuances. Conclusion. In the course of the research it was found that audit of fixed assets of an enterprise is one of the most important processes in carrying out an activity regardless of its direction. Audit of non-current assets in the aviation industry has its own peculiarities, but properly planned and methodically constructed process of verification will eventually lead to the expression of objective audit opinion, which will become the basis for management decisions.
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POLOVA, Tetiana, and Stepan SIENIEV. "Information and analytical support for the management of tangible current assets of the enterprise." Economics. Finances. Law, no. 10/1 (October 29, 2021): 20–24. http://dx.doi.org/10.37634/efp.2021.10(1).5.
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The paper investigates that the realization and control of the implementation of management decisions on tangible current assets is impossible without appropriate information and analytical support of this process. The main prerequisites for creating an effective management system of tangible current assets are indicated. The definition of information-analytical support of tangible current assets management of the enterprise is offered, which allows to consider it as: a component of tangible current assets management system; purposeful set of actions of management staff; the process of forming and transmitting available analytical information. It is established that the technology of accounting and analytical management of tangible current assets involves three stages: previous, basic and final. The characteristics of these stages are given and the tasks, the solution of which is realized within the functional subsystems of accounting, analysis, control, planning and forecasting, are determined. The authors define the object and subject, the purpose of management of tangible current assets, the task is formed, the principles of the system of management of tangible current assets of the enterprise are substantiated. Implementation of stages of technology to create appropriate information and analytical support is possible only with adequate management and technical support. Management support is related to determining the amount and structure of information needed for managers at different levels; clear setting of parameters and settings of the information exchange system; application of reliable methods of protection of the available information; using adapted information to justify and make strategic decisions. Technical support involves the use of computer engineering means, which allows you to filter, verify, duplicate and store information.
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Mastuki, Nor'azam, and Nihlah Abdullah. "Earnings Management and Sale of Assets." Social and Management Research Journal 3, no. 1 (June 1, 2006): 85. http://dx.doi.org/10.24191/smrj.v3i1.5103.
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The focus of this study is to examine whether firms used income from sale of assets as an instrument to manage earnings. Two aspect of earnings management are examined: earnings smoothing behavior and avoidance of debt covenant activities. A Sample had been taken from firms listed under industrial and consumer product at the main board of Bursa Malaysia from 2000 to 2003. Similar with findings obtained in an environment where current cost are applied in asset reporting, we found that incentive for earnings management is asymmetric.firms with poor economic performances (negative earnings change) have greater incentive to smooth earnings that firm exhibiting good economic performance (positive earning change). This study had also examined whether the asymmetric results holds true for firms selling asset with high impact on net income in comparison with firms selling asset with low impact on net income. an area which had not been explored by previous studies. And within this context we also found asymmetric results. Firms reporting high impact of income from asset sale in relation to net income had shown significant evidence ofearnings smoothing patterns. No evidence is found to associate earnings smoothing activities with firms reporting low impact of income from asset sale in relation to net income. However this research had failed to find evidence to associate income from asset sale with debt-equity hypothesis in all sub samples.
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Mohamed Eladly, Salah. "Working Capital Management on Profitability and Earning Assets of Insurance Industry in Egypt." International Journal of Business and Management 16, no. 12 (November 12, 2021): 17. http://dx.doi.org/10.5539/ijbm.v16n12p17.
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This paper is an attempt to investigate the effect of working capital management, measured by (Current Ratio, Quick Ratio and Liquidity)on dependent variables (Return on Assets, Return on Equity and Earning Assets (Asset Quality) of insurance firms in Egypt, the study sample is 49% from total insurance firms working of the insurance market in Egypt in 1999- 2019.A structural equation modelling was selected to construct of the model of this study, The evidences show that There is a positive significant effect on construct of the independent variables, current ratio (x1), quick ratio (x2), and liquidity (x3) on construct of the dependent variables in terms of Return on Equity (Y1), at a probability level less than (0.001). This validates the first hypothesis; the independent variables Current Ratio(x1), Quick Ratio(x2), and Liquidity(x3) have a significant effect on the dependent variables Return on Equity (Y1), There is a positive significant effect on the construct of the independent variables, Current Ratio (x1), Quick Ratio (x2), and Liquidity (x3) on the construct of the dependent variables in terms of Earning Assets (Asset Quality) (Y3), probability level less than (0.001). This validates of the third hypothesis; the independent variables in terms of Current Ratio (x1), Quick Ratio (x2), and Liquidity (x3) have a significant effect on (Earning Assets) Asset Quality (Y3).
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Comporek, Michał. "The impact of intangible assets on the shaping of economic efficiency of the management of current assets." Zeszyty Naukowe Uniwersytetu Szczecińskiego Finanse, Rynki Finansowe, Ubezpieczenia 2015, no. 74/1 (September 30, 2015): 353–65. http://dx.doi.org/10.18276/frfu.2015.74/1-30.
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Deng, Lei Lei. "FFmpeg Technology Based on Media Asset Management System Design." Applied Mechanics and Materials 409-410 (September 2013): 1633–37. http://dx.doi.org/10.4028/www.scientific.net/amm.409-410.1633.
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The use of FFmpeg technology, overcome the current media asset management of some defects, better play the role of media assets. In response to various types of video data, audio data, text, pictures, and other media digital data storage, inventory management, query, edit material transcoding, information dissemination, and equipment and fixed assets to conduct a comprehensive management. The results show that, based on the " technology " of mass media resources, is to promote the media industry is the motive power of development, any form of content are the media core assets. The media asset design, solve the media transmission and conversion, the ultimate guarantee of effective and complete data. Keywords Key words: media assets; FFmpeg; transcoding; digital storage
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Athoillah, Ibid, and Firda Pratiwi. "Development of an Asset Management System Integrated with GIS and K-Means Algorithm for Large Industrial Area." International Journal of Engineering & Technology 7, no. 4.1 (September 12, 2018): 113. http://dx.doi.org/10.14419/ijet.v7i4.1.28237.
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The large industrial area has more than a thousand assets that make asset management activities to become more challenging. However, the current asset management in several industrial companies still records the asset information in paper-based documents. Therefore, the technical problems found in current practices in the field are the difficulties in determining the actual position of assets and which group of asset belongs accurately. To overcome those problems and to improve the asset management activities, an asset management system using GIS (Geographic Information System) and K-Means Algorithm is proposed. GIS to visualize the asset coordinate and condition on a geographical map, manage and store the assets detail information and K-Means Clustering Algorithm to cluster the assets based on their coordinate and simplifies the scattered asset. The system is developed using the Waterfall model. The system is native applications built using electron framework and can be accessed within industrial area network only, to keep the user convenience and security of asset data. The Leaflet used as interactive map software frameworks to visualize the industrial map, manage the geospatial data and mapped the industrial asset, including machinery, equipment, land, and building. For the initial operation, the system contains more than 700 assets data with 6 categories and 4 clusters. This system improves the assets accuracy, reduces the time of asset management practices, and the asset clusters can be used as decision support for industrial asset management activities.
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Nobanee, Haitham, Mohammed Haitham A. Salman, and Jaya Anitha Abraham. "Current Assets Management, Remuneration, and Operating Cash Flow of UAE Construction Companies." International Journal of Financial Research 12, no. 3 (January 21, 2021): 142. http://dx.doi.org/10.5430/ijfr.v12n3p142.
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This paper examines the effect of current assets management and remuneration on operating cash flow of construction firms listed in the United Arab Emirates stock market before and after the financial crises of 2008. The results present a negative and significant relationship between cash conversion cycle and operating cash flow for the full sample. The results also show a negative and significant relationship between the cash conversion cycle and operating cash flow of the firms during the crisis period. This indicated that the UAE construction companies were more efficient in managing their current assets during the crisis period.
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NOSYRIEV, Oleksandr, and Serhii MEKHOVYCH. "Organizational and economic mechanism of current assets management of industrial enterprises in the conditions of market transformation." Economics. Finances. Law 11/1, no. - (November 26, 2021): 21–26. http://dx.doi.org/10.37634/efp.2021.11(1).4.
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Introduction. Analysis of current assets of the enterprise is an important process, which consists in researching and monitoring the property status and key indicators of current assets of the enterprise in the process of its financial and economic activities in order to identify ways to increase its market value and ensure effective development. The purpose of the paper is devoted to the analysis of management and financing of current assets of industrial enterprises of Ukraine, systematization of methods of current assets management, actualization of problems and formulation of proposals for effective financial management of current assets and substantiation of directions of current assets management in industrial market conditions. Results. The concept of “current assets” as an element of resource potential used by the enterprise and aimed at ensuring a systematic, continuous and controlled process of economic activity, consumed once to ensure the economic effect in future periods, is improved. The influence of the current assets management system on ensuring the financial stability of enterprises is outlined. The stages of the current assets management process are singled out, the main strategies of current assets financing are investigated and measures to increase the efficiency of current assets management of enterprises in modern market conditions are proposed. When optimizing the size of current assets should be minimal, but sufficient «to ensure uninterrupted financing of planned costs required for the production and sale of products of the enterprise, the implementation of settlements with contractors in a timely manner. It is emphasized that accelerating the turnover of working capital can significantly reduce the cost of production. Conclusion. The company, forming working capital, should seek to minimize the cost of capital spent on creating their value. Optimization of the composition and volume of working capital, a rational relationship between own, borrowed and borrowed sources of their formation will provide a sufficient level of solvency, liquidity and profitability, strengthening the financial condition, growth of market value of industrial sector enterprises in modern market conditions.
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Prodanchuk, Mykhailo, and Yuliia Bezdushna. "Accounting for non-current assets in budgetary institutions: problems and solutions." Ekonomika APK 314, no. 12 (December 28, 2020): 22–28. http://dx.doi.org/10.32317/2221-1055.202012022.
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The purpose of the article is to identify problematic aspects of accounting for non-current assets and to suggest their solutions using information technology and documentation. Research methods. The methodological basis of the study is a systematic approach to the study of the processes of reflection of non-current assets in the accounting of budgetary institutions. The epistemological method is used to clarify and deepen the meaning of the concept of "non-current assets". Analysis, synthesis, induction, deduction, abstraction, idealization and generalization, as general scientific methods of cognition, are used to develop the basic principles of the theory, methodology and organization of accounting for non-current assets. Bibliographic and bibliometric types of analysis provided identification of trends in the theory and methodology of accounting, as well as problematic aspects of non-current assets. The method of formalization made it possible to make suggestions on how to solve the problematic aspects of accounting for non-current assets. Research results. Identifying of problematic aspects in the accounting for non-current assets of budgetary institutions allowed to offer options for their solution, which will deepen the informativeness of accounting and reporting data and ensure their accuracy, reliability and comparability. Improving the accounting aspects of the reflection of non-current assets will also help increase the effectiveness of internal control (including inventory), and thus their management in budgetary institutions. Scientific novelty. Theoretical and practical provisions for accounting for non-current assets of budgetary institutions are improved. Ways to improve the accounting and internal control of non-current assets for the needs of management in budgetary institutions are proposed. Practical significance. In order to bring the national accounting system in line with international standards and in accordance with the needs of management, it is proposed to improve the reflection in the accounting of non-current assets of budgetary institutions through the use of information technology and documentation. Refs.: 11.
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Biswas, Sukalpa, John Proust, Tadas Andriejauskas, Alex Wright, Carl van Geem, Darko Kokot, António Antunes, et al. "CoDEC: Connected Data For Road Infrastructure Asset Management." IOP Conference Series: Materials Science and Engineering 1202, no. 1 (November 1, 2021): 012002. http://dx.doi.org/10.1088/1757-899x/1202/1/012002.
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Abstract Road infrastructure asset management is rapidly transforming into a digital environment where data accessibility, effective integration and collaboration and accessibility from different sources and assets are key. However, current asset management processes are not yet fully integrated or linked, and there are incompatibilities between various systems and platforms that limit the ability to integrate asset management with BIM. The CoDEC project has sought to understand the current status of information management for assets, including inventory, condition and new data sources such as sensors and scanning systems, to identify the challenges and needs for linking and integrating different data sets to support effective asset management. As a result, CoDEC has developed a data dictionary framework to help link/integrate static and dynamic data for the “key” infrastructure assets (road pavements, bridges, tunnels). This will enable BIM and Asset Management Systems (AMS) to exchange data and help optimise and integrate data management across systems and throughout the different asset lifecycle phases, from build to operation. This work will be followed up with three pilot projects to demonstrate the feasibility of integrating asset data from various sources through linked data/semantic web technology to build the connection between AMS and BIM platforms.
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Peng, Yun. "Prospect Analysis of IOT Application in Fixed Assets Management of Colleges and Universities." Advanced Materials Research 945-949 (June 2014): 3581–84. http://dx.doi.org/10.4028/www.scientific.net/amr.945-949.3581.
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The fixed assets management of colleges and universities is still adopted by the method of semi-manual operation, at relatively low management efficiency. To solve this problem, we propose to introduce IOT technology into assets management. After comparing the advantages of RFID tag relative to bar code label, we analyze the change that IOT application brings to fixed assets management in colleges and universities, and current constraint of IOT applied in assets management. Research shows that IOT technology can help to improve efficiency of fixed assets management of colleges and universities. Though current IOT technology is still deficient, along with continuous improvement, in the near future, IOT technology will increasingly be promoted and popularized in the field of fixed assets management of colleges and universities.
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Raza, M. Yousaf, Muhammad Bashir, Khalid Latif, Touqeer Sultan Shah, and Mushtaq Ahmed. "Impact of working capital management on profitability: Evidence from Pakistan oil sector." International Journal of Accounting and Financial Reporting 1, no. 1 (June 15, 2015): 286. http://dx.doi.org/10.5296/ijafr.v5i1.7825.
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This study explores the impact of working capital management on the profitability of the firms in the oil sector of Pakistan. For the purpose of testing this relationship data from the annual reports of the sample companies is used from the period 2006 to 2010. Cash conversion cycles (CCC), average receivable, Average inventory, average payable, and current ratio are used as a measure of working capital management, while gross operating profit is used as a measure of profitability of the firm. There are three major issues in financial management that are capital budgeting, capital structure, and working capital management. So working capital management is one of the three major issues in financial management. A commercial firm consists of two types of assets, which are fixed assets and current assets. Current assets of a firm consist of cash, bank balance, account receivable, raw material, work in process, and finished goods. While fixed assets of the business require capital expenditure and these are used in increasing the production of the business, the Current assets are used in utilizing the fixed assets in day to day transactions. Hence Current assets are regarded as lifeblood for any business firm, the play vital role in the daily operations of the business. Current assets and current liabilities regarded as are very important component of total assets and they need to be carefully managed for the long term success of the business. In this paper working capital management provide us profit by using average payable and gross operating profit but other variables in hypothesis shows negative relationships with each other.
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Arbidane, Iluta. "Management of current assets in the context of increasing the Enterprise’s Profitability." Environment. Technology. Resources. Proceedings of the International Scientific and Practical Conference 2 (June 17, 2015): 27. http://dx.doi.org/10.17770/etr2015vol2.264.
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<p class="R-AbstractKeywords">In order to ensure the financial sustainability of companies under current economic conditions successful management of current assets is crucial. In practice it is quite often observed that the decisions related to current assets management in Latvian companies are made in the short-term aspects without making analysis. Efficient management of working capital is an essential condition of rise in profitability of a company. Potentialities of working capital management in the context of efficient running of business have not been studied in Latvia up until now. The main aim of this article is to examine the effect of working capital on profitability of Latvian companies. The results of the research that has been performed in relation to Latvian enterprises confirm the existence of a correlation between components of working capital and profitability. The developed regression equations meant for forecasting profitability of a company applying working capital management methods can be used by Latvian enterprises. It follows that managers of an enterprise can forecast indexes characterizing profit, managing components of working capital and maintaining it on the optimum level</p>
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Patoka, Iryna. "CURRENT PROBLEMS OF THE ECOSYSTEM ASSETS ASSESSMENT OF TERRITORIAL COMMUNITIES." Environmental Economics and Sustainable Development, no. 9(28) (2021): 50–56. http://dx.doi.org/10.37100/2616-7689.2021.9(28).7.
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The article is aimed at introduction of the up-to-date approaches to the economic assessment of ecosystems and their implementation while determining the priority tasks of the territorial communities development. The necessity is substantiated of the ecosystems economic assessment for determining the priority tasks of the territory development taking into account the ecosystem approach. It is emphasized that the achievement of the goals of sustainable spatial development at the local level is ensured via full mobilization of all types of local resources, in particular by taking into account the value of ecosystem assets and ecosystem services produced by them in the interests of local communities. The necessity of forming an integrated strategic approach to the introduction of ecosystem asset valuation at the local level is substantiated. The ecosystem assets of territorial communities are proved to be a continuous flow of the community ecosystem resources produced as a result of the system of functionally interconnected components of the natural environment involved in economic circulation, the use of which will contribute to economic benefits. It is shown that the economic assessment of ecosystem assets at the local level makes it possible to assess both the market value and value of ecosystems from direct and indirect use, and to identify real prospects for possible financial revenues to the community budget from their operation. Differentiated are economic approaches to estimate the ecosystem benefits at the local level. The structure and tasks of payments for the biodiversity conservation at the level of territorial communities are studied. The structural scheme of information support for estimating the ecosystem assets values of territorial communities is proposed The tasks of local authorities as to the community ecosystems management are outlined and the stages of assessment of ecosystem assets of the territorial entities are defined. The targets for application of the results of assessment of ecosystem assets of territorial communities have been determined. It is shown that the introduction of an ecosystem approach in the management of communities will contribute to the financial content of local budgets.