State Financial Support for Small Business During  the Coronavirus Crisis in European Countries

Humeniuk, V. V.; Umantsiv, Yu. M.; Dligach, A.; Ivanova, Natalia; Umantsiv, H.

doi:10.18371/fcaptp.v3i38.237463

Cited by 6 publications

(1 citation statement)

References 5 publications

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“…State support of business during the economic downturn plays an important role for its development and further functioning (Trusova et al, 2020;Kubiczek and Derej, 2021;Niyazbekova et al, 2021). Conceptual approaches to the interpretation of the peculiarities of state financial support for small businesses during the coronavirus pandemic were studied by Ukrainian scientists V. Humeniuk et al (2021), which revealed the importance of small business in solving economic and social problems of social development, the influence of state financial support in the countries of the European Union (EU), and also determined the common features and differences of state regulation of entrepreneurship. Supporting the point of view of V. Humeniuk et al it should be emphasized that during the war period, the Government should implement policies aimed at encouraging the payment of more taxes, and the relaxation of liability for taxpayers for late payment should be controlled and provided only for those taxpayers who have really proven their inability to pay (Yaroshenko and Tomashevski, 2021;Miethlich et al, 2022).…”

Section: Discussionmentioning

confidence: 99%

Features of Accounting, Taxation, and Filing Reporting During Martial Law

Kuzub¹,

Moshkovskа²,

Ihnatenko³

et al. 2022

R. Econ. and Finan.

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The relevance of the scientific research is determined by the need to identify weaknesses in the system of taxation, accounting and reporting during martial law. The purpose of the research work is to evaluate approaches to state support of taxpayers and the impact of weakening the responsibility of taxpayers on the level of budget revenues, as well as to determine information that is of particular importance for the display of its accounting and reporting in wartime. The basis of the methodological approach is: statistical analysis; a method of comparative analysis, graphic method, method of summarization . The main results that were obtained within the scope of this work should be considered the formulation of proposals for improving the control over the payment of taxes and fees, the determination of mandatory information for display in accounting and reporting during the war. The results of the scientific work, as well as the conclusions formulated on their basis, have practical significance and can be applied by managers and chief accountants of economic entities when making decisions regarding the payment of taxes and fees, keeping records of operations at the enterprise, as well as by state and local authorities.

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Section: Discussionmentioning

confidence: 99%

Features of Accounting, Taxation, and Filing Reporting During Martial Law

Kuzub¹,

Moshkovskа²,

Ihnatenko³

et al. 2022

R. Econ. and Finan.

View full text Add to dashboard Cite

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Impact of the Covid-19 Pandemic on the Industrial Sector: Implications for Economic Policy

Lebedeva

Moskalenko

2021

BJES

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The COVID-19 pandemic had a major impact on the economy around the world, damaging many areas of daily life. The industrial sector has been affected by the effects of industrial closures, reduced economic activity, and disruptions in logistics and transportation. The damage caused by the crisis has not yet been specifically assessed, as the industrial sector was not the most affected by the pandemic compared to other sectors of the economy. The subject of the study is the industrial sector of Ukraine and the EU. The aim of the article is to assess the impact of the COVID-19 pandemic on industrial development in Ukraine and the EU, as well as to propose economic policy measures to achieve stabilization in the industrial sector. Since industry is the foundation of economic growth and development, it is necessary to assess the depth of its decline and find possible solutions to get out of the recession. The theoretical analysis of the article is based on recent work by scientists in the field of industrial development, as well as on the authors' developments assessing the impact of the COVID-19 pandemic on the economy. The COVID-19 pandemic created the following problems for Ukraine's economy and industry: a decrease in aggregate global demand and a decline in business activity, which led to lower prices on world commodity markets; strengthening of government regulation; raw-material orientation of Ukraine's exports and the significant dependence of industrial enterprises on world prices for raw materials; transport and logistics problems with raw material supply chains; lower business expectations and reduced investment due to significant uncertainty. The findings showed that the coronavirus crisis hit the industrial sectors mainly in April 2020, leading to a 16.1% decline in industrial production in Ukraine and an 18.6% decline in the EU. Such industries as automobile manufacturing, leather manufacturing, light industry, furniture manufacturing, coal mining, oil and gas extraction were hit the hardest. The following measures to stabilize the industrial sector are proposed: support for domestic demand for the products of industries, namely metallurgy, machine building, and chemical industry, which are mainly export-oriented and very sensitive to changes in global demand; stimulation and development of high value-added production; acceleration of the digitalization process within national borders; support for the industrial sector in its pursuit of environmentally friendly production, and others.

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Non-current asset restoration costs upon cancellation of martial law in Ukraine

Kuzub,

Romashko,

Ihnatenko

et al. 2023

SLS

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The need to conduct a study on accounting for the costs of restoring non-current assets after the lifting of martial law in Ukraine is urgent. This need has arisen as a result of the extensive destruction and damage that the military conflict has caused. The end of the war will lead to the need to restore these assets in order to alleviate the humanitarian situation and facilitate economic recovery, and this is of great legal importance to ensure proper accounting. The study aims to develop a model to systemise and predict the process of accounting for costs associated with the restoration of non-current assets. The following methods of scientific cognition were used: comparison, description, modelling, analysis, and synthesis. Thus, the main factors that destroy certain non-current assets were formulated in the course of this study. Each of the proposed stages of this accounting process has been thoroughly researched, analysed, and explained, which ultimately demonstrated its holistic mode of operation. It also proposed a classification of costs that should be recorded, supported by specific examples, and tracked the entire document flow process, including its preparation, receipt, registration, and retention, which made it possible to specify the implementation of the steps involved. Emphasis is placed on the importance of maintaining company records, listing necessary documents. Evidence of proper fund utilization for non-current asset restoration is deemed vital for addressing stakeholder concerns effectively. In terms of practical implications, this paper should be useful for accountants, auditors, government officials and all those involved in the cost accounting mechanism, as the study will contribute to a better understanding of the implementation of all accounting steps, which in turn will allow identifying and eliminating problems that may arise at each stage

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State Financial Support for Small Business During the Coronavirus Crisis in European Countries

Cited by 6 publications

References 5 publications

Features of Accounting, Taxation, and Filing Reporting During Martial Law

Features of Accounting, Taxation, and Filing Reporting During Martial Law

Impact of the Covid-19 Pandemic on the Industrial Sector: Implications for Economic Policy

Non-current asset restoration costs upon cancellation of martial law in Ukraine

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