Formation of the credit rating of buyers for the preventive control of accounts receivable

Leontieva, Jamila; Klychova, Guzaliya; Закирова, Алсу; Zaugarova, Evgenia; Maletskaya, I.P.; Khamidullin, Zulfat

doi:10.1051/e3sconf/201911002016

Cited by 5 publications

(4 citation statements)

References 17 publications

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“…In the established scientific interpretations, the efficiency is understood as the ratio of the result and costs, which, from the author's point of view, corresponds to its content in the study of financial, economic and financial management aspects. It is necessary to know how much the result covers the costs incurred, especially in cases where there is a high probability of unforeseen costs that reduce accounting profit and deflect it from economic profit due to imputed (alternative) costs [30,31].…”

Section: Methodsmentioning

confidence: 99%

Corporate finance in the system of economic analysis management and intensification

et al. 2021

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The study of the issues of assessing the indicators of efficiency and intensification of finance in the activities of corporations operating in modern economic conditions is necessary and relevant. The research was conducted in order to identify a group of financial and economic indicators for assessing the financial efficiency of the corporation. In the course of the research a toolkit was developed, which is a group of indicators that allow corporations to analyze financial and economic activity in generalized and detailed forms. When selecting the resulting and factor indicators of efficiency and intensification, the author's position was based on taking into account the current economic situation, namely, the multiprofile activities of corporations (within and outside the state borders) and the high proportion of borrowed capital for business processes in the core and non-core types of entrepreneurship. The objects of the study in generalized and detailed forms were direct and indirect profitability. They refer to the resulting indicators of efficiency, calculated by comparing the profit and consumed capital. The formed indicators fully correspond to the modern economic situation and the economic nature of the categories of «efficiency» and «intensification». With their use it is possible to calculate the dependence not only between the resultant and factor indicators, but also to analyze the interaction of the factor indicators themselves. These factor indicators meet all the economic postulates and are fully adapted to the generally recognized economic requirements, in particular, financial and economic and financial management. The proposed approach will help to maximize the financial benefits through an objective analysis of the effectiveness and intensification of economic operations.

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Section: Methodsmentioning

confidence: 99%

Corporate finance in the system of economic analysis management and intensification

et al. 2021

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“…It also includes satisfactory documentation and record as well as apposite record keeping processes to control incorrect transaction. It also implies physical control over properties to preclude their detective controls which are normally costlier than preventive control, but too essential (Alzaareer et al, 2020;Leontieva et al, 2019).…”

Section: The Concept Of Control Fund and Preventive Controlmentioning

confidence: 99%

“…This type of control consists of review and judgment of such records of enactment and independence checks of enactment. Further, they comprise such control maneuvers as bank understanding, validation of bank stabilities, cash account, physical account of inventories and investigation of numerous endorsement with dealers of account payable, computerized techniques such as transaction limits, passwords, and edit and system of review such as internal auditing (Alzaareer et al, 2020;Leontieva et al, 2019). But, the issue of corrective takes place when wrong consequence befalls and discovered.…”

Section: Detective Control and Corrective Controlmentioning

confidence: 99%

The proficiency of fund control strategy in Tanzania: a case of Arusha City Council

Paul¹

2022

IJSMR

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The study evaluates the proficiency of fund control approach in Tanzanian city council authority. A sample of 53 respondents who were randomly selected from Arusha City Council was used. The methods used in data collection are interviews, questionnaire, documentary review and focus group discussion. The statistical package for social science (SPSS) was used for data management and analysis. The findings showed that there are a good number of funds controlling strategies applied in the City Council. Preparing some handouts that inform and educate the people on how to pay their taxes, on time budget, action plan; proper monitoring and supervision, capacity building for staff, the use of EPCOR system and internal audit unit, thorough audit (both internal and external) and use of control ledgers and vote books were among the few fund collecting strategies. However, there are number of challenges that hindered the effectiveness of the fund controlling strategies. These challenges include insufficient budget, few staff, politics, poor education to many tax payers, insufficient data, lack of facilities, lack of enough sources of revenues, uncommitted revenue collectors, late release of funds, own sources, and poor monitoring of collection centers/routes.. The measures taken to overcome the challenges include establishing audit committee, constructing optic fiber network, disciplining staff who violate by-laws, and strengthening the pre-audit unit by enacting proper regulations in all transactions., Besides, the management conducts several meetings on issues related to revenues and how to overcome the challenges through capacity building to the appropriate staff to ensure internal control.. The research recommends that the government ought to cogitate establishing the strong audit committee which would be able to monitor the trends of financial practices in institutions. Despite, the number of the strategies used by City Council and despite the measures that have been put in place he suggests that more collaborative efforts should be done, one including prioritization on the development and sustainability of the financial sector.

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“…Они обеспечат экономико-правовые условия для достижения баланса интересов в системе «должник-кредиторы-общество» в процессах предупреждения банкротства должников, восстановительных и/или ликвидационных процедурах в целях повышения экономической безопасности государства, социальноэкономической стабильности и роста национальной экономики [8].…”

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The Evolution of State Regulation of the Activities of a Specialized Authority in the Field of Bankruptcy in the Context of Insolvency Institution Development

Akulov¹,

Klychova

Ryakhovsky³

2023

Vestnik of Kazan State Agrarian University

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The thirty-year history of the formation and development of the institution of bankruptcy in Russia is characterized by complex processes of transformation of the structure of its state regulation bodies. However, in practice, the institution of bankruptcy has not proven itself as an effective mechanism for regulating market relations, demonstrating an extremely low level of return on the implementation of bankruptcy procedures: if in 2015, 6.3 kopecks (6,3%) were returned to creditors from one ruble of monetary claims, then in 2021 this figure dropped to 3.5 kopecks (3,5%), which actualizes the need for further improvement of the organizational unit of the insolvency institution based on rethinking its reform experience. The purpose of this study is to identify and systematize the stages of development of the activities of a specialized state body on bankruptcy issues in the historical retrospective of the dynamic improvement of bankruptcy legislation and changes in approaches in the context of administrative reforms in the Russian Federation. As a result of the study, a periodization of the reform and identification of models of the organizational component of the system of state management of bankruptcy processes was carried out: from a centralized model with limited independence of a specialized bankruptcy authority (September 1993 - February 1998) with further strengthening of independence and expansion of its powers (March 1998 - February 2004) and the transition to a decentralized model of state bankruptcy management, when diverse functions were transferred to various state authorities in accordance with their competence, and the function of the authorized body was transferred to the Federal Tax Service of Russia. At the present stage, there is a tendency to strengthen the organizational block for ensuring bankruptcy procedures within the Federal Tax Service of Russia. From the standpoint of the synthesis of theoretical approaches, the results of judicial practice and international experience, it was concluded that the role of the authorized body in bankruptcy cases is growing, the constructive position of which contributes not only to protecting state interests, but also to increasing the efficiency of the implementation of bankruptcy procedures, reducing criminalization bankruptcies, judicial errors in the consideration of disputes in bankruptcy proceedings.

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Formation of the credit rating of buyers for the preventive control of accounts receivable

Cited by 5 publications

References 17 publications

Corporate finance in the system of economic analysis management and intensification

Corporate finance in the system of economic analysis management and intensification

The proficiency of fund control strategy in Tanzania: a case of Arusha City Council

The Evolution of State Regulation of the Activities of a Specialized Authority in the Field of Bankruptcy in the Context of Insolvency Institution Development

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