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

SCIENTIFIC JOURNALS OF VINNITSA NATIONAL AGRARIAN UNIVERSITY

Issue №: 2 (60)

Published: 2022.08.30

DOI: 10.37128/2411-4413-2022-2

Description:
The journal deals with the issues of efficiency of functioning of the national economics and organizational forms of management of the national economy. Attention is paid to the problems of marketing, management and efficiency of production and economic activity of agrarian enterprises. The issues of public administration and administration, accounting and taxation, banking and insurance, forecasting and modeling of economic processes, foreign economic activity, commodity flows of economic entities and their infrastructure support.

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FINANCIAL ANALYSIS OF THE RATING OF AGRICULTURAL DEVELOPMENT OF THE REGIONS OF UKRAINE

DOI: 10.37128/2411-4413-2022-2-5

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KOVAL Natalia – Candidate of Economic Sciences, Associate Professor of the Department of Account and Taxation in the Fields of the Economy, Vinnytsia National Agrarian University (21008, Vinnytsia, 3, Soniachna Str.,
е-mail: Natkov@i.ua).

RADCHENKO Oksana – Candidate of Economic Sciences, Associate Professor, Leading Researcher of Financial, Credit and Tax Policy Department, NSC «Institute of Agrarian Economics» (03127, Kyiv, 10, Heroes of Defense Str.,
е-mail: oxanarad@ukr.net).

Annotation

The article is devoted to the study of the agrarian development of the regions of Ukraine by the methods of financial analysis. The features of the formation of the information base of financial analysis for the implementation of high-quality data processing are reflected. The latter include indicators of the production and financial activities of the agrarian sector of the economy in terms of the structure of industries, productivity indicators, the efficiency of agricultural activities, and fiscal budgetary levers for the formation of financial resources in the region. For the rating assessment of the agrarian development of the regions, the algorithm of the index method was used, in which the ratio (index) of each indicator of the region with the average value for Ukraine by groups of indicators is estimated. The integral production index was calculated for a group of indicators of productivity and wages, production costs. It is determined that according to the statistics of 2018-2020 the rating of agrarian development of the regions of Ukraine according to certain indicators is headed by Cherkasy, Vinnytsia and Kyiv regions. In order to deepen the methodology of financial analysis, a group of performance indicators for supporting agricultural production from local budgets and lending with the participation of the state, as well as payments from the Regional Development Fund was used to calculate the integral index of financial support in a time lag close to the first integral index. The rating in terms of support indicators is headed by Chernivtsi, Transcarpathian and Ivano-Frankivsk regions. The comparison of ratings in terms of production and financial support of the regions of Ukraine made it possible to reveal the trend that the regions with the most unstable production are better financed, with a certain dependence on the number of farms and their land area, in particular, in the terms of lending volumes. This is probably the Pareto principle, according to which 20% of regions receive 80% of funding. The selection of indicators for the purposes of financial analysis is confirmed by a significant degree of probability and corresponds to the hypothesis put forward about the statistical relationship between state financial support and the state of the agrarian economy of the regions of Ukraine. It has been established that the financial analysis is a powerful tool for forecasting and choosing management options at the level of agrarian development policy in the regions of Ukraine and requires expanding the methodology for its implementation. Modern products of attracting IT-technologies for financial analysis are described. The practical value of the study lies in expanding the indicators of the index method for the purposes of financial analysis of agricultural development at the regional level and clarifying its methodological components in the context of digitalization of the economy.

Keywords: agricultural development, regions, state support, financial analysis, financial policy, management, IT technologies, indexes, analysis information base.

List of references

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About the journal

Topics of the journal:

С1 Economics and International Economic Relations (by specialization)

D1 Accounting and Taxation

D2 Finance, Banking, Insurance and Stock Market

D3 Management

D4 Public Management and Administration

D5 Marketing

D7 Trade

J3 Tourism and Recreation

Keywords: economics , international economic relations , accounting , taxation , finance , banking , insurance , stock market , management , public management and administration , marketing , trade , tourism and recreation

Key information:

ISSN (print): 2411-4413

DOI: 10.37128

All-Ukrainian scientific and production journal “Economics, finance, management: topical issues of science and practical activity” is a peer-reviewed open-access journal that publishes original research, theoretical articles and reviews on a wide range of economic and business issues. The articles, which have scientific and scientific-practical significance, highlight theoretical and methodological aspects of the development of agrarian sector of economy and related industries, the results of fundamental and applied research.

The purpose of the journal is to highlight the results of fundamental and applied research in the field of economic sciences, aimed at developing modern approaches to managing economic processes, financial support for enterprise activities and increasing the efficiency of economic systems. The publication is focused on creating a scientific environment for the exchange of research results between scientists, higher education students and practitioners in economic sphere, as well as on the dissemination of modern scientific and methodological approaches to solving current economic and management problems. The journal contributes to the development of the research in the field of enterprise economics, finance, accounting, auditing, management, marketing, entrepreneurship, trade, tourism and recreation, public management and administration, economic development and international economic relations, which meets the modern needs of the socio-economic development of the state.

The journal’s objectives are:

• publishing the results of fundamental and applied research in the fields of economics, international economic relations, finance, management, public administration, accounting, marketing, tourism and recreation, and entrepreneurship;

• promoting the development of modern methods of managing enterprises and organizations, increasing the efficiency of using financial and material resources;

• supporting the research aimed at improving the economic mechanisms of enterprise functioning, developing innovative activity, and increasing the competitiveness of economic structures;

• ensuring the scientific exchange of research results between higher education institutions, scientific institutions, and business entities;

• developing methods of economic analysis, forecasting, and modeling of socio-economic processes;

• disseminating of modern approaches to financial management, accounting, taxation, and control of economic activity;

• promoting the development of interdisciplinary research related to the economic support of the development of agrarian sector of economy and rural areas;

• integration of scientific research results into the international scientific space and increasing the level of scientific communication.

Publisher: Vinnytsia National Agrarian University

Link to the journal on the publisher’s website: ”Economics, finance, management: topical issues of science and practical activity”

Frequency of issue: 4 times a year.

Language of publication: Ukrainian, English.

Editor-in-Chief: Inna Honcharuk

State registration: Decision of the National Council of Ukraine on Television and Radio Broadcasting No. 1337 and No. 1178. Media identifier – R30-05171. Publisher registration number (EDRPOU) 00497236.

Publisher’s ROR: https://ror.org/05m3ysc06 Publisher’s DOI prefix: 10.37128 ISSN (print): 2411-4413

Publisher DOI prefix: 10.37128 ISSN (print): 2411-4413

The scientific journal is included in category "B" of the List of scientific professional publications of Ukraine, in which the results of dissertations for the degree of Doctor and Candidate of Sciences in the specialties C1 (051) - Economics, D1 (071) - Accounting and Taxation, D2 (072) – Finance, Banking, Insurance and Stock Market, D3 (073) – Management, D5 (075) – Marketing, D7 (076) – Entrepreneurship and Trade, (241) – Hotel and Restaurant Business, D4 (281) – Public Management and Administration (Order of the Ministry of Education and Science of Ukraine dated March 17, 2020 №409)

History of journal:

Founded in 1997 under the name ”Bulletin of Vinnytsia State Agricultural Institute”. In 2010-2014 it was published under the name “Collection of Scientific Papers of Vinnytsia National Agrarian University”. Since 2015 “Economics, finance, management: current issues of science and practical activity” (Certificate of State Registration of Mass Media No. 21154-10954 PR dated 12/31/2014).