Evaluation of Financial and Analytical Activities of the Biggest Car Makers of the Russian Federation

Abstract

Companies need an internal management control system to develop successfully in the current conditions of a market economy. This statement is true irrespective of an organisational form of a company. Financial indicators (such as profit) can give a full picture of absolute effectiveness of the company's performance. The main activities of any company can be split into the following groups: production, sales, procurement, financial and investment activities. According to the 2013-2016 consolidated financial statements prepared under IFRS, Russia's largest car producers include AVTOVAZ Group, GAZ Group, KAMAZ Group and SOLLERS Group. They all used a three-factor model of return on equity and other mathematical tools. Analysis of the three-factor model of return on equity enabled us to formulate several statements. The main factor affecting return on equity is the sales margin. When the sales margin is measured within a certain period of time, there can be either a negative or a positive influence on the final financial results of a company. The two other factors that influence return on equity are less significant. The factor of margin is the most significant and the index of capital intensity is the least significant factor of the three. Our practical innovation is a new model to analyse financial reporting of a car making company, which showcases the financial position of a company.

Technology for Determining the Effectiveness of Represantative Offices of the Companies Abroad

“…876-p. is implemented and approved by the decree of the Government of the Russian Federation of 05.05.2017 [13]. Let's take into consideration the main elements of this methodology based on the selected key aspects [19][20][21][22][23]. The stakeholder approach to business management assumes that major stakeholder groups, interacting or conflicting with both the organization and among themselves, directly affect the long-term sustainability of this organization [9].…”

The Economic Significance of Statistical Research Activities of Representative Offices of Companies Abroad

“…Therefore, the process of compiling and publishing non-financial reporting can be viewed as an investment project that can provide a return on the investments in the preparation of such statements through a significant contribution to the implementation of a number of strategic tasks, the key of which is ensuring timely and effective interaction of the organization with key stakeholders [5,16,18,20].…”

The Increase in the Effectiveness of Controlling University Activities

“…In the process of research, the following methods were used, such as literature review, classification, comparison, grouping, use of averages, coefficient analysis, graphical and tabular presentation of data, induction, and deduction. The development of recommendations on the compilation and use of university rankings, as well as on the implementation of procedures for the evaluation of educational programs of the university was carried out on the basis of a study of current Russian legislation and previous research on this topic [6,7,9,17,19].…”