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Economy, finances, management: Topical issues of science and practical activity

space SCIENTIFIC JOURNALS OF VINNITSA NATIONAL AGRARIAN UNIVERSITY

Issue №: 6 (46)

Published: 2019.08.13
DOI: 10.37128/2411-4413-2019-6


Description:
The magazine deals with the problems of the agricultural sector of the economy in the context of integration and processes of globalization. Attention is paid to the issues of development of digital economy, rural territories, technologies of enterprise management and organization of accounting, problems of legal support of economic processes, market tendencies of development of various branches of economy. Particular attention is paid to green tourism as a promising segment of the national economy.

Read about journal

ENTERPRISE FINANCIAL FIRMNESS MANAGEMENT: CONTENT, STAGES, AND DIRECTIONS

DOI: 10.37128/2411-4413-2019-6-13
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SOBCHYSHYN  Vitaliy  –  Candidate  of  Economic  Sciences,  Associate  Professor  of  Finance  and

Credit  Department,  Poltava State Agrarian Academy  (36003,  1/3 Skovorody str., e-mail: 

sobchyshyn@ukr.net).

DROBOTYA Yana  –  Candidate  of  Economic  Sciences,  Associate  Professor,  Associate  Professor

of  Finance and Credit Department, Poltava State Agrarian Academy (36003, 1/3 Skovorody str., e-mail: 

yana.drobotya@gmail.com).

Annotation

The own viewpoint of the essential characteristics of financial firmness management process as a 

process of making strategic and operational managerial decisions as to developing and implementing the 

system of principles and methods of forming such a state of financial resources, which would enable 

enterprise to achieve profitability, solvency, creditworthiness, and financial equilibrium  was formulated. 

The stages of enterprise financial firmness management process were worked out in details; these stages 

enable to ensure its necessary level, and, in particular, they include: defining aims, subjects and objects 

of management; revealing the elements of the object of management; determining the methods of influence 

on the factors of management; developing the strategy of ensuring enterprise financial firmness; strategy 

implementation, and monitoring. The mechanism of enterprise financial firmness management was 

disclosed together with detailing strategic, tactical targets and instruments of implementation and 

elements of achieving these goals.

It was substantiated that enterprise financial firmness management has to be conducted according 

to the directions which include its complex analysis: general evaluation, calculation of absolute and 

relative indices, determining profitability break-even point and reserve of financial firmness. As the graph 

of loss free operation activity of enterprise reflects only monetary value of profitability break-even point 

the  conclusion was made that decisions as to enterprise profit management have to be made concerning 

separate kinds of goods.

Keywords: management, financial firmness, enterprise, break-even point, stock of financial strength, profit, strategy of providing financial firmness.

List of references

1.  Krutova, A.S. & Nesterenko, O.O. (2017). Multyfunktsionalna model opysu finansovoho 

kapitalu v intehrovanomu zviti [Multifunctional model of financial capital description in integrated report]. 

Finansovo-kredytna diialnist: problemy teorii ta praktyky  –  Financial and credit activity: problems of 

theory and practice, 2, 397-404 [in Ukrainian]. 

2.  Tomchuk, O.F. (2015).  Otsinka  finansovoi  stiikosti  –  vazhlyva  kharakterystyka  finansovoho

stanu  pidpryiemstva  [Assessment of financial stability is an important characteristic of financial state of 

enterprise].  Ekonomichni nauky. Seriia Oblik i finansy  –  Economic Sciences. Series Accounting and 

finance, 12 (45). (Vols. 2), 240-249 [in Ukrainian].

3.   Tiutiunnyk, Yu.M. (2009).  Finansovyi  analiz  [Financial  analysis ]. ( Vols. 2).  Poltava :  PDAA  [ in   Ukrainian].

4.  Blank, I.L. (2001). Finansovyi  menedzhment  [Financial management].  Kyiv:  Nyka-Tsentr, Эlha 

[in Ukrainian].

5.  Verdieva, Yu.N. (2009). Upravlenie finansovo-ekonomicheskoy ustoychivostyu predpriyatiya v 

usloviyah ekonomicheskogo krizisa [Management of financial and economic stability of the enterprise in 

the conditions of economic crisis]. Vologdinskie chteniya – Vologda readings, 74, 86-89 [in Russian].

6.  Hapak, N.M. & Kapshtan, S.A. (2014). Osoblyvosti vyznachennia finansovoi stiikosti 

pidpryiemstva [Features of determining the financial stability of the enterprise].  Naukovyi visnyk 

Uzhhorodskoho universytetu. Seriia Ekonomika  –  Scientific Bulletin of Uzhgorod University. Series 

Economics, 1, 191-196 [in Ukrainian].

7.  Dokiienko, L.M. (2004). Metodolohichni pryntsypy upravlinnia finansovoiu stiikistiu 

pidpryiemstv torhivli [Methodological principles of financial stability management of trade enterprises]. 

Visnyk KNTEU – Herald KNUTE, 2, 63-75 [in Ukrainian].

8.  Furman, I.V. (2017). Protses upravlinnia finansovoiu stiikistiu pidpryiemstva ta shliakhy yoho 

vdoskonalennia [Process management and enterprise financial stability ways to improve].  Ekonomika. 

Menedzhment. Biznes – Economics. Management. Business, 1 (19), 31-36 [in Ukrainian].

9.  Pryimak, I.I. (2006). Orhanizatsiia stratehichnoho upravlinnia subiektamy hospodariuvannia v 

ekonomitsi Ukrainy [Organization of strategic management of  economic entities in the economy of 

Ukraine].  Visnyk Lvivskoho universytetu. Seriia ekonomichna  –  Visnyk of the Lviv University. Economy 

Series, 36, 143-147 [in Ukrainian].

10.  Sobchyshyn, V.M. (2019). Upravlinnia prybutkom pidpryiemstva [Managing profit of the 

enterprise]. Proceedings from M21CGC  ʼ19:  III Mizhnarodna naukovo-praktychna konferentsiia 

«Menedzhment  XXI  stolittia: hlobalizatsiini vyklyky»  –  The Third International Scientific and Practical 

Conference «Management of the XXI century: globalization challenges».  (pp. 56-58). Poltava: TOV 

«Simon» [in Ukrainian].

11.  Otenko, I.P., Azarenkov, H.F., & Ivashchenko, H.A. (2015).  Finansovyi analiz  [Financial

analysis]. Kharkiv: KhNEU im. S. Kuznetsia [in Ukrainian].

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About journal

Topics of the journal:

051 Economics

071 Accounting and taxation

072 Finance, banking and insurance

073 Management

075 Marketing

076 Business, trade and exchange activities

241 Hotel, restaurant and catering 

281 Public administration

 

Key information:
ISSN (print): 2411-4413
DOI: 10.37128

The journal “Economy, finances, management: Topical issues of science and practice” is included in the "List of Scientific Professional Editions of Ukraine". 

The scientific edition is assigned the Category "Б" in the field of economics in specialties 051, 071, 072, 073, 075, 076, 241, 281

(Order of the Ministry of Education and Science of Ukraine No. 249, March 17, 2020).

The journal “Economy, finances, management: Topical issues of science and practice” has a Digital Object Identifier (DOI)

The journal “Economy, finances, management: Topical issues of science and practice” is indexed in such database as Index Copernicus Value (https://journals.indexcopernicus.com/search/form)

 

The editorial board of the journal is guided by the principles of scientific, objectivity, professionalism, informational support of the most significant innovative researches, observance of standards of publishing ethics.

The purpose of the journal "Economics, finances, management: Topical issues of science and practical activity» is the coverage of leading scientific ideas in the economic, financial and management activities of the sectors of the national economy and the involvement of representatives of the domestic and foreign scientific professional community.

 

Objectives of the journal:

  • publication of research findings on innovation in the economy, financial and management spheres, innovation of production processes;
  • expanding partnerships with international scientific publishing organizations;
  • enhancing the culture of reviewing and annotating published material;
  • adherence to editorial ethics.

 

Article publishing is a paid service. Cost for printing in professional publications in accordance with the Decree of the Cabinet of Ministers of Ukraine of August 27, 2010 No. 796 "On approval of the list of paid services that can be provided by state educational institutions, other institutions of the educational system belonging to state and communal ownership" and the order Rector of the Higher Education University Mazura VA dated March 14, 2018 No. 93 “On setting the cost of printing in professional editions of the University”.

The cost of printing one page in professional editions of the university is 60 UAH.

An additional copy of the magazine with the mailing list costs 250 UAH.

Recipient: Vinnytsia National Agrarian University MFO 820172 Current account No. 31256282102055 Code 00497236 Bank State Treasury Service of Ukraine, Kyiv. VAT payer code 004972302286. Registration number 100271744. Purpose of payment: for printing an article in the journal: ”Economy, finances, management: Topical issues of science and practical activity "

History of journal:

It was founded in 1997 under the name "Bulletin of the Vinnytsia State Agricultural Institute". In 2010-2014 he was published under the title “Collection of scientific works of Vinnitsa National Agrarian University”.

From 2015 ”Economy, finances, management: Topical issues of science and practical activity” (Certificate of State Registration of Mass Media No. 21154-10954 of PR as of December 31, 2014)

The journal is the successor to the edition ”Collection of Scientific Papers of Vinnytsia National Agrarian University. Series: Economic Sciences. "