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

SCIENTIFIC JOURNALS OF VINNITSA NATIONAL AGRARIAN UNIVERSITY

Issue №: 9 (49)

Published: 2019.09.25

DOI: 10.37128/2411-4413-2019-9

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

FINANCIAL AND ECONOMIC STATE OF ENTERPRISES OF THE AGRICULTURAL SECTOR OF ECONOMY IN CHERKASY REGION

DOI: 10.37128/2411-4413-2019-9-2

PDF Повернутись

SOKOLYUK Sergyi - Associate Professor, Head of Department of Business, Trade and Exchanges

Activities. Uman,. Uman National University of Horticulture, Ukraine. (20300, вул. Інтернаціональна

4/10, кв. 8, м. Умань, sergey.unys@gmail.com)

FISCHUK Natalia - associate professor of the Department of agrarian management,Vinnytsia

National Agrarian University (21008,Vinnytsia, 3, Sonyachna str., e-mail:natalfis2016@gmail.com)

Annotation

Formation of effective agrarian relations, adapted to the modern conditions, and the mechanism of their management is impossible without studying the trends and conditions of functioning of enterprises in the agricultural sector, which performs strategic tasks in the national economy. The theoretical and methodological basis of the research is the work of domestic and foreign economists who deal with the functioning of the agrarian sector of the economy and the search for ways to increase its efficiency. In the article uses the generally accepted statistical methods to evaluate the theoretical and methodological principles of functioning and development of the agrarian sector of the economy,

The article analyzes the average annual cost and dynamics of the introduction of new fixed assets of enterprises of the agricultural sector of economy. It is established that starting from 2016 there is a tendency to increase the value of fixed assets of enterprises of agricultural sector, which led to an increase in the growth rate of production of agrarian products and profitability. It is emphasized that in spite of positive changes in the dynamics of the new fixed assets introduction, the problem of fixed assets updating at the agricultural enterprises in the region remains unresolved. The research of the agricultural enterprise activity in Cherkasy region shows that the lack of facilities for storage, processing, vehicles leads to damage and losses of a large part of agricultural products, and the imbalance between the workers and power machines does not allow to effectively use all the agrarian equipment.

The value of company operating assets is investigated. The operating assets include production reserves (seeds and garden material, fodder and litter, fuel, namely lubricants, spare parts, mineral fertilizers), incomplete production (expenses for work performed for the harvest of the next year), young animals and fattening animals.

The tendency of operating assets value increase at the enterprises of the agricultural sector in the region is established. The significance of the analysis of the financial and economic state of agricultural enterprises according to the criteria of stability, solvency and business activity are considered through the prism of indices of capital structure, liquidity and turnover, which makes it possible to quantify the impact of quality management of financial resources on the level of profitability and dynamics of enterprise development.

For the development of the economy of Cherkasyregion, it is important to create conditions for a rational, competitive and multidisciplinary agricultural sector and to create a quality environment for living and doing business in rural areas.

Among the goals of regional policy of Cherkasy region up to 2020, in the context of food security, the following are highlighted:

- stable provision of population with sound, safe and affordable food;

- creation of conditions for the effective agricultural sector development in the strategic priority directions, which envisage the unity of economic, social and environmental interests of the region;

- food security, stability of the domestic market of agricultural sector products and food;

- high competitiveness of products, increase of agricultural sector productivity;

- steady growth of the production volumes of agricultural products and products of their processing in the domestic market in accordance with food security requirements, etc.

It is the analysis and assessment of the financial state of agricultural enterprises that provides the basis for further effective development of the agricultural sector of the economy as a whole.

It was found out that innovation activity is the most important means of ensuring economic growth, competitiveness and financial stability of any enterprise. The company can achieve high results only through the systematic analysis of changes in the market environment and the purposeful implementation of innovation activities, in order to realize new opportunities.

Modern conditions of economic development require enterprises not only to intensify innovation but also to improve the methods of its organization, the right choice of strategy and priorities of innovation development, in particular, through the identification and use of resources aimed at increasing the efficiency of its implementation. This can be done through the economic analysis of innovation, which will enable managers to identify both the strengths and weaknesses of this activity, will allow to take rational management decisions and effectively manage not only innovation activity but the enterprise as a whole.

According to the results of the analysis of the enterprises of the agricultural sector of the region, the financial indices stability, which characterizes the efficiency of their resource potential, is established. The economic effect obtained from the use of available resources, expressed through a system of economic indices and coefficients, confirms the interdependence of the used resources volume, as well as the profitability and efficiency of the assets use.

Keywords: agrarian sector, enterprise, financial resources, indicators of efficiency, fixed assets, circulating assets, production activity, development.

List of references

Official site of the Agroindustrial Development Department of Cherkasy Regional State Administration [Site of the Agroindustrial Development] dapr.ck.ua Retrieved from: http://www.dapr.ck.ua [in Ukrainian].
Priymak, V. P. (Eds.). (2018). Statistical yearbook of Cherkasy region for 2017. [Statistics in Cherkasy Oblast 2017 r.] Cherkasy: The Main Department of Statistics in Cherkasy Oblast. https://doi.org/10.32402/dovkil2018.03.016 [in Ukrainian].
Official site Ministry of Agrarian Policy and Food of Ukraine. [Site of the Ministry of Agrarian Policy and Food of Ukraine] minagro.gov.ua. Retrieved from: http://www.minagro.gov.ua.
Hryshchenko, O.F. (2012). Doslidzhennia sutnosti problemy: mistse ta rol v protsesi rozroblennia ta pryiniattia marketynhovykh innovatsiinykh rishen [Investigation of the problem: place and role in the development and adoption of innovative marketing solutions]. Efektyvna ekonomika – Effective economy,
Retrieved from http://www.economy. nayka.com.ua/?op=1&z=1289&p=1 [in Ukrainian].
Kobzev, I.S. (2011) Problemu rationalnogo vukorustanni ta vidtvorenni prurodnogo resyrsnogo potenzialy v agrarniy sferi Ukrainu [Problems of rational use and reproduction of natural resource potential in the agrarian sector of Ukraine] AgroInkom 10-12. Retrieved from http://www.nbuv.gov.ua/portal/chem_biol/agroin/2011_10-12/KOBZEV.pdf [in Ukrainian].
Demyanenko, M.Ya., (2010) Finansovi problemu formyvanni ta rozvutky agrarnogo runky [Financial problems of the formation and development of the agrarian market]. Oblik i finansu APK –Accounting and finance of agroindustrial complex, 5, 6. – 9. Retrieved from http://mmi.fem.sumdu.edu.ua/sites/default/files/ mmi2011_4_1_55_66.pdf [in Ukrainian].
Geits V.M. (Eds.). (2015). Innovaziyna Ukraina 2020 nazionalna dopovid [Innovative Ukraine 2020: National Report]. Kyiv: NAN Ukraine. 336. URL: http:// ief.org.ua/docs/nr/4pdf. (дата звернення: 10.03.2019) [in Ukrainian].
Cherkasy region development strategy for the period till 2020 [Site of the Cherkasy region development strategy] ck-oda.gov.ua. Retrieved from: http://www.ck-oda.gov.ua /docs/2015/strategy_2020.pdf [in Ukrainian].

All journal issues

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).