Model for assessing the financial potential of the region

Miroshnikova, Tatyana; Taskaeva, Natalia

doi:10.1051/matecconf/201817001042

Cited by 2 publications

(2 citation statements)

References 8 publications

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“…In our opinion, the most optimal approach is in which the typology of regions according to the level of development of regional financial systems is carried out on the basis of comparing their capabilities to form a sufficient level of financial base to ensure sustainable development. This approach can be implemented on the basis of an assessment of the regional financial potential [6,7], which includes, in our opinion, four main elements: a fiscal potential, a household potential, a potential of commercial and non-profit organizations, a potential of the financial and credit system (see more [8]).…”

Section: Introductionmentioning

confidence: 99%

Typology of Arctic Constituent Entities of the Russian Federation by Development Level of Regional Financial Systems

Badylevich¹

2022

Proceedings of the International Scientific and Practical Conference Strategy of Development of Regional Ecosystems “Education-

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The article is devoted to the study of development level of regional financial systems of the Arctic constituent entities of the Russian Federation. The study found that the regional financial system was the basis ensuring the implementation of financial relations in a certain territory and connecting all economic subjects into a single mechanism. Factors determining differences in the development of territorial financial systems were highlighted. The special features of financial support for the development of the regions of the Arctic Zone of the Russian Federation (hereinafterthe AZRF) were defined. It was found out that the regions of the AZPF significantly differed in the development of regional financial systems, existing financial infrastructure, budget support, investment activities, as well as the opportunities to form a sufficient financial basis for sustainable economic growth. The article presents a typology of the regions of the AZRF carried out on the basis of assessment of financial potential. On the basis of the assessment, relative indicators of such components of the total financial potential as a fiscal potential, a potential of households, a potential of commercial and non-commercial organizations, a potential of finance and credit system were calculated. Final ranging was carried out on the basis of application of point assessment of calculated values of financial indicators. In the process of the study, it was found that the Yamalo-Nenets Autonomous District and the Krasnoyarsk Territory had the highest level of the financial potential among the AZRF regions. At the same time, the lowest level of the financial potential is characteristic of the Republic of Karelia and the Arkhangelsk Region. In the work, promising directions of using the results of the typology of the regions are formulated on the basis of the calculation of financial potential, which are associated with the need to develop a differentiated financial policy for the territories characterized by specific features of the development of financial systems.

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Section: Introductionmentioning

confidence: 99%

Typology of Arctic Constituent Entities of the Russian Federation by Development Level of Regional Financial Systems

Badylevich¹

2022

Proceedings of the International Scientific and Practical Conference Strategy of Development of Regional Ecosystems “Education-

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“…The degree of the problem study concerning development of financial result accounting is touched upon in the works of many Russian and foreign scholars (Krasova et al, 2018;Miroshnikova & Taskaeva, 2018;Konvisarova et al, 2020;Varkulevich & Bubnovskaya, 2020).…”

Section: Introductionmentioning

confidence: 99%

IFRS 15 application for accounting of revenue from construction contracts

Bubnovskaya

Gadzhibek

Kim

2022

Ind. Jour. Manag. & Prod.

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Construction, like any industry, has its own specifics, which should be taken into account when organizing the accounting work of an enterprise. In addition to material consumption, labor intensity and risks, construction is characterized by a long production cycle, which largely determines the financial and economic flows of a construction organization. It is common in the construction industry to provide a variety of services for a single customer or to related parties of a customer. A construction company, in addition to the construction services, can also be hired to provide design services, project management, consulting, supervision, engineering survey, design, installation, commissioning and other types of work. The article is devoted to the problems of IFRS 15 application for proceeds accounting under construction contracts. The article discusses the specifics of accounting organization for income and expenses in the construction industry. 5 steps of the revenue accounting model are considered, a step-by-step procedure for working with contracts to recognize revenue. The article outlines a mechanism for recognizing revenue and allocating expenses. The article notes that, despite the complexity of IFRS 15, its new application improves the accounting system for income and expenses of construction companies and solves the problem of recognizing revenue and the financial result determination in construction. Owing to the control system contained in IFRS 15, construction companies can incrementally enhance their revenue recognition accounting system and remove the customer risks related to contracts.

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Model for assessing the financial potential of the region

Cited by 2 publications

References 8 publications

Typology of Arctic Constituent Entities of the Russian Federation by Development Level of Regional Financial Systems

Typology of Arctic Constituent Entities of the Russian Federation by Development Level of Regional Financial Systems

IFRS 15 application for accounting of revenue from construction contracts

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