A system of financial control in small business management: Methods and tools for implementation

Nechaeva, M.L.; Lisova, E.A.

doi:10.24891/fc.25.2.360

Cited by 2 publications

(3 citation statements)

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“…In addition, if a small company is threatened with bankruptcy, it will be almost impossible for it to get refinancing. Because small companies are a priori in a less favorable position than large ones, they should pay more attention to financial control during their activities; pay attention not only to the revenues received by companies but also to expenses; therefore, the such activity becomes the main one for small business enterprises (Nechaeva and Lysova, 2022). This also explains the need for such companies to implement regular state support programs (Harel et al, 2020).…”

Section: Resultsmentioning

confidence: 99%

“…In addition, as Noorve (2006) wrote in his work on the evaluation of the effectiveness of internal control over financial reporting, the primary purpose of conducting financial control is to solve weaknesses in internal financial control; under conditions of weak financial control or its absence, the sector of financial operations of the company inevitably goes into stagnation. Nechaeva and Lysova (2022), in their work on the analysis of the financial control system at small enterprises, write that there are several following functions in conducting financial control -planning, organization, motivation, control, and coordination. According to scientists, the control function is the most important among others, as it solves the problem of insufficient financial resources for implementing current and future activities for indefinite periods; it allows the price and quantity of financial resources to change over time.…”

Section: Discussionmentioning

confidence: 99%

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The System of Financial Control in the Management of a Small Business Enterprise: Methods and Tools of Implementation

Lysak¹,

Morozova²,

Gorokh³

et al. 2022

R. Econ. and Finan.

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Small businesses in any country remain an essential link in maintaining the level of competition. Thus, it remains relevant to consider the possibilities of small business development in the economy of any state. This work focuses on the financial and managerial components of such enterprises in Ukraine. The purpose of the study is to assess the methods of financial control and management of small business enterprises in Ukraine, as well as to consider the features of small business development in Ukraine and the Kharkiv region in particular. The primary method for writing the paper was the method of analysis, given a large number of different types of data processed by the authors. During the writing of the work, it was concluded that in Ukraine, financial control in small enterprises plays a unique role in the possibility of further functioning of the enterprise. This is due to a significant number of problems in the country's economy, as well as difficulties that exist in doing business. In work, two models were built that characterize the methods of conducting financial control in the management of the enterprise: column-shaped and spiral-shaped. In addition, the work analyzes the international experience of studying financial control systems in small business companies, which once again confirms the role of financial control in improving their financial results.

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Section: Resultsmentioning

confidence: 99%

Section: Discussionmentioning

confidence: 99%

The System of Financial Control in the Management of a Small Business Enterprise: Methods and Tools of Implementation

Lysak¹,

Morozova²,

Gorokh³

et al. 2022

R. Econ. and Finan.

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“…A notary helps the system of justice and can combine judicial functions. Judicial districts equal notarial districts and an administrative notary is assigned by the district judge instead of the absent notary (Goncharov & Scherbinin, 2009).…”

Section: Findings and Discussionmentioning

confidence: 99%

Untitled

2020

Journal of Legal, Ethical and Regulatory Issues

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The article is concerned with reviewing the Latin notarial system organization in the modern world. Conducted analysis of the newest researches and publications has allowed understanding significant differences of the legal status of the notary and his/her power and authority across the board; as a result, defense rights and interests of the natural and legal persons by notaries are made difficult. The bases of the Latin notarial system have been considering and it has pointed that uniform application is impossible. The concurrent existence of private and governmental notaries as characteristic of the Latin notarial system has been reviewed. Whereas the French and German models of the Latin notarial system have been received wide advertisement, their distinctiveness has been considered. The French model is mentioned as the classic Latin notarial system. It has been reviewed notarial system patterns of Germany, France, Italy, and Far East states. It has been made a conclusion; in the modern world, a common model of the organization and functioning of the notarial system shall be implemented.

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A system of financial control in small business management: Methods and tools for implementation

Cited by 2 publications

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The System of Financial Control in the Management of a Small Business Enterprise: Methods and Tools of Implementation

The System of Financial Control in the Management of a Small Business Enterprise: Methods and Tools of Implementation

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