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The study aimed to determine the personal financial management practices among selected personnel of the Bureau of the Treasury – Central Office. It used the descriptive method of gathering data. The respondents of the study consisted of 183 personnel from 35 divisions of the Bureau and selected through simple random probability sampling technique. The study shown that most of the respondents aged 26 to 35 years old, female, single, bachelor’s degree holder, rank and file workers, permanent employees, have been in the agency for 5 years and below and with monthly compensation ranging from P15,001 - P30,000. In terms of financial planning, most of the respondents set their short- and long-term financial goals. In terms of money management, most of the respondents saved so that they do not need to borrow from others. In terms of income and asset protection, most of the respondents considered uncertainties for their future. And in terms of investments, most of the respondents purchased government securities. The researcher recommended to utilize various social media platforms as an avenue for financial planning, start considering the use of credit management in the acquisition of their needs, understand the need of acquiring non-life insurance and start familiarizing themselves in the concept of the derivatives market. Also, the Bureau of the Treasury should initiate seminars/webinars about how to start writing a financial plan, effective ways in managing finances, the vital role of insurance and estate planning, and possible ways in earning money when investing on securities and derivatives., {"references":["Adeoye, A. (2019). COMPENSATION MANAGEMENT AND EMPLOYEES' MOTIVATION IN THE INSURANCE SECTOR: EVIDENCE FROM NIGERIA. FACTA UNIVERSITATIS - Economics and Organization. P. 31-47. http://casopisi.junis.ni.ac.rs/index.php/FUEconOrg/article/view/4301","Ahmed, S. (2020). Assessment of the Effect of Savings and Investment Habit on Entrepreneurial Development in Jalingo Metropolis, Taraba State, Nigeria. https://www.hummingbirdpubng.com/wp-content/uploads/2020/10/HUJMSE_VOL20_NO7_JUNE2020_-24.pdf","Ahmed, A., Soon, N., & Ting, N. (2015). Income Generation Activities among Academic Staffs at Malaysian Public Universities. International Education Studies. https://files.eric.ed.gov/fulltext/EJ1067805.pdf","Aknin, L. B., Dunn, E. W., Proulx, J., Lok, I., & Norton, M. I. (2020). Does spending money on others promote happiness?: A registered replication report. Journal of Personality and Social Psychology, 119(2), e15–e26. https://doi.org/10.1037/pspa0000191","Alexander, D. (2013). Review of Financial Management in Government, HM Treasury. https://www.gov.uk/government/publications/review-of-financial-management-in-government","Amadeo, K. (2020). Personal Consumption Expenditures, Statistics, and Why It's Important. From https://www.thebalance.com/personal-consumption-expenditures-3306107","Arrondel, L., Debbich, M., & Savignac, F. (2014). Financial Literacy and Financial Planning in France. https://digitalcommons.usf.edu/cgi/viewcontent.cgi?article=1136&context=numeracy","Bailur, S. & Masiero, S. (2016). Women's income generation through mobile Internet: a study of focus group data from Ghana, Kenya, and Uganda. http://eprints.lse.ac.uk/89637/1/Bailur_Womens-income-generation_Accepted_Cover.pdf","Barte, M. E. (2014). PERSONAL FINANCE PRACTICES OF CUSTOMER SERVICE ASSOCIATES OF CONVERGYS PHILIPPINES SERVICES CORPORATION IN CEBU CITY. http://library.usc.edu.ph/Filipiniana/pdf/Business%20Administration/Barte.pdf","Bergeron, K. (2021). Is Staying Single Better for Your Finances? As retrieved from https://www.quicken.com/staying-single-better-your-finances","Boon, T.H., Yee, H.S., & Ting, H.W. (2011). Financial Literacy and Personal Financial Planning in Klang Valley, Malaysia. http://www.ijem.upm.edu.my/vol5no1/bab08.pdf","Brounen, D., Koedjik, K.G., & Pownall, R.A.J. (2016). Household financial planning and savings behavior. https://www.sciencedirect.com/science/article/abs/pii/S0261560616300572","Cepeda, C. (2020). Batch 2020: How Filipino college graduates job-hunted through the Pandemic. As retrieved from https://newsinfo.inquirer.net/1377399/batch-2020-how-filipino-college-graduates-job-hunted-through-the-pandemic","Civil Service Commission (2017). CSC clarifies guidelines on Job Order and Contract of Service workers. As retrieved from http://web.csc.gov.ph/new-updates/1370-csc-clarifies-guidelines-on-job-order-and-contract-of-service-workers.html","De Dios, R. (2021). The vital role of non-life insurance. As retrieved from https://businessmirror.com.ph/2021/04/19/the-vital-role-of-non-life-insurance/","Dholakia, U, Tam, L., Yoon, S. & Wong, N. (2016). The Ant and the Grasshopper: Understanding Personal Saving Orientation of Consumers. https://academic.oup.com/jcr/article-abstract/43/1/134/2379613?redirectedFrom=fulltext","Ehrhardt, M. & Brigham, E. (2011). Financial Management: Theory and Practice.\tThirteenth Edition. South Western Cengage Learning. https://handoutset.com/wp-content/uploads/2022/03/Financial-Management-Theory-and-Practice-13th-Edition-by-Eugene-F.-Brigham-Michael-C.-Ehrhardt.pdf","Ferguson, G. (2020). Why Are Long-Term Employees Important? As retrieved from https://smallbusiness.chron.com/longterm-employees-important-40711.html","Ganesan, A. S., (2012). CONSUMPTION, SPENDING AND INVESTMENT BEHAVIOUR OF MALAYSIA GENERATION Y. http://eprints.utar.edu.my/683/1/MBA-2012-08UKM1961-1.pdf","Glick, R. & Lansing, K. (2011). Consumers and the Economy, Part I: Household Credit and Personal Saving. FRBSF Economic Letter. https://www.frbsf.org/economic-research/publications/economic-letter/2011/january/consumers-economy-household-credit-personal-saving/","Hamilton, K. & Clemens, M. (1999). Genuine Savings Rates in Developing Countries. The World Bank Economic Review, Volume 13, Issue 2, May 1999, Pages 333–356. https://elibrary.worldbank.org/doi/10.1093/wber/13.2.333","Haotanto, A. (2016). Are Derivatives Good Investments? As retrieved from https://thenewsavvy.com/invest/derivatives/are-derivatives-good-investments/","Ilmakunnas, Pekka & Ilmakunnas, Seija (2014). Age segregation and hiring of older employees: low mobility revisited, International Journal of Manpower, 35(8), 1090-1115, doi: https://doi.org/10.1108/ijm.04.2012.0060","Jones, C. L. (2017). The Intelligent Portfolio: Practical Wisdom on Personal Investing from Financial Engines. https://www.amazon.com/Intelligent-Portfolio-Practical-Investing-Financial/dp/0470228040","Kassim, A. A. M., Mohamed, J., Jahari, N. A., Zain, N. N. M. (2019). Personal Saving Behavior among Muslim Employees. International Journal of Academic Research in Business and Social Sciences, 9(11), 236–253. https://www.researchgate.net/publication/337773073_Personal_Saving_Behavior_among_Muslim_Employees","Livingstonel, S., & Lunt, P. (1993). Savers and Borrowers: Strategies of Personal Financial Management. https://journals.sagepub.com/doi/10.1177/001872679304600804","Llego, M.A. (2019). 2019 Public School Teachers Salary in the Philippines. As retrieved from https://www.teacherph.com/public-school-teachers-salary/","Magrabi, F. et.al (1991). The Economics of Household Consumption. Praeger Publishers, New York. https://www.abc-clio.com/products/c6233c/","Mayall, T. (2015). 5 Tips for Improving Employee Longevity. As retrieved from https://recruitshop.com.au/blog/2016/02/18/5-tips-for-improving-employee-longevity/","Meier, K. (1999). 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Most business in the Philippines is mostly in the microenterprise. Hence, this research was accomplished in order to assess the effectiveness of financial management practices of microenterprises in Quezon City. The city was selected as the locale of the research since there were various microenterprises built in this location. The respondents were classified according to the number of years in operation of their business, the number of employees, capitalization, and their source of funds. Additionally, the individual profile was also classified into their age, highest educational attainment, and the number of seminars or trainings related to their business that they had attended. The assessment was specified into aspects of financial planning, financial control, and cash management. The result shows that most businesses were newly established and only operating for zero (0) to two (2) years. The result also showed that most of the respondents only had a capitalization of PHP 100,000.00 and they were utilizing their personal savings as a source of funds. Most of them are aged from twenty-one (21) to thirty (30) years with no bachelor’s degrees. They only attended seminars and training less than three (3) times. The result of this study was beneficial to business owners, local government units, government, government agencies, banks, and other financial institutions, academe, and future researchers., {"references":["Abanis, T., Sunday, T., Burani, A., & Eliabu, B. (2013). Financial Management Practices in Small and Medium Enterprises in Selected Districts in Western Uganda. Research Journal of Finance and Accounting, 4(2), 34. https://kiu.ac.ug/assets/publications/172_financial-management-practices-in-small-and-medium-enterprises-in-selected-districts-in-western-uganda.pdf","Addo, I. (2017). The Effect of Financial Management Practices on Financial Performance of Top 100 SMEs in Kenya. University of Nairobi. http://erepository.uonbi.ac.ke/handle/11295/103040","Adomako, S., Danso, A., & Damoah, J. O. (2016). The moderating influence of financial literacy on the relationship between access to finance and firm growth in Ghana. Venture Capital, 18(1), 43-61. https://www.tandfonline.com/doi/abs/10.1080/13691066.2015.1079952","Al Smirat, B. (2016). Cash Management Practices and Financial Performance of Small and Medium Enterprises (SMEs) in Jordan. Research Journal of Finance and Accounting, 7, 98-107. https://core.ac.uk/download/pdf/234631241.pdf","Allerdice, A., & Rogers, J. H. (2000). Renewable Energy for Microenterprise. National Renewable Energy Laboratory (NREL). Colorado, USA. https://ftp.unpad.ac.id/orari/library/library-ref-eng/ref-eng-1/physical/voip/wireless/microenterprise_handbook.pdf","Anoos, J. M., Ferrater-Gimena, J. O., Etcuban, J. O., Dinauanao, A. 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The study aims to test the impact of financial attitudes and income on financial planning through financial behavior with the object of research of employees of the PT YMMA production department. This type of research is quantitative research with data processed from primary and secondary data obtained from the results of the dissemination of questionnaires with purposive data sampling techniques by disseminating questionnaire online ie google form. The population in the study was 1500 employees and a sample of 100 respondents was obtained. The data analysis method in this study uses software SmartPLS (Partial Least Square) version 3.0. The results of this study show that the variable of financial attitude has no influence on financial planning. Income and financial behavior have a positive and significant impact on financial planning. Financial behavior as an intervening variable is not able to mediate the financial attitude towards financial planning, but financial behaviour is capable of mediating the impact of income on financial planning. Implications to this research can help strengthen the role of financial behavior in financial decision-making. This can help provide a foundation for developing strategies to improve the financial behavior of individuals and families in better planning their finances.

Sly Spend is a personal finance management app that uses artificial intelligence to help users better understand and manage their financial health. The app utilizes AI algorithms to analyze users' spending patterns and provide personalized recommendations for budgeting, saving, and investing. With Sly Spend, users can easily track their income and expenses, set financial goals, and receive alerts when they are approaching their budget limits. The app also provides users with insights and alerts on potential money-saving opportunities, such as discounts and deals on bills and subscriptions. Sly Spend aims to make it easier for users to make informed financial decisions and take control of their money. By leveraging the power of AI, the app provides users with a simple and intuitive way to manage their finances and achieve their financial goals. &nbsp

Online Prolific study testing the prediction that questions/statements >> cognitive effort >> concrete thinking >> future closer time >> BEH. cognitive effort was manipulated by using 3 conditions - 1. simple statement: "Today's Seeds Will Become Tomorrow's Fruit!" 2. complex statement: "Today's Kernels Will Metamorphose into Tomorrow's Harvest!" 3. Question: "Will today's Seeds Become Tomorrow's Fruit?"

Бюджетирование - один из основных инструментов финансового планирования, который обеспечивает финансовую «прозрачность» деятельности организации. «Прозрачность» финансовой деятельности организации позволяет снизить риски для конечных бенефициаров бизнеса, для кредиторов, для банковского менеджмента. Поэтому, необходимо рассматривать во взаимосвязи указанные категории: «бюджетирование» и «банковский менеджмент». Очевидно, что первое следует из второго. Банковский менеджмент не может демонстрировать высокие результаты своей деятельности, если нет соответствующего менеджмента в организации. Менеджмент в коммерческой организации – бюджетирование., Budgeting is one of the main financial planning tools that provides financial "transparency" of the organization's activities. The "transparency" of the financial activities of the organization allows to reduce risks for the ultimate beneficiaries of the business, for creditors, for bank management. Therefore, it is necessary to consider these categories in relation: "budgeting" and "banking management". Obviously, the first follows from the second. Bank management cannot demonstrate high results of its activities if there is no appropriate management in the organization. Management in a commercial organization is budgeting., Экономика и предпринимательство, Выпуск 12 (149) 2023, Pages 982-985

В статье проводится анализ вопроса формирования, организации и исполнения бюджетирования в организациях расположенных на территории Российской Федерации. Источником материала послужили: учебная литература, научная литература, статьи российских авторов. Исследование возможных путей совершенствования организации бюджетирования предприятия. Исследование основывается на эмпирической методике (наблюдение, накопление, отбор фактов, установление взаимосвязей между ними), а также на основе изучения теоретической базы познания. В результате проведенного анализа было выявлены наиболее распространенные ошибки обеспечения бюджетирования организации и его исполнения в организациях и причины их возникновения. На основе проведенного анализа были даны рекомендации по совершенствованию обеспечения бюджетирования на предприятии, с целью устранениях выявленных недочетов., The article analyzes the issue of formation, organization and execution of budgeting in organizations located on the territory of the Russian Federation. The source of the material was: educational literature, scientific literature, articles by Russian authors. Investigation of possible ways to improve the organization of enterprise budgeting. The research is based on an empirical methodology (observation, accumulation, selection of facts, establishing relationships between them), as well as on the basis of studying the theoretical basis of cognition. As a result of the analysis, the most common errors of ensuring the organization's budgeting and its execution in organizations and the causes of their occurrence were identified. Based on the analysis, recommendations were made to improve the provision of budgeting at the enterprise, in order to eliminate the identified shortcomings., Экономика и предпринимательство, Выпуск 3 (152) 2023, Pages 1050-1053

Field Study procedure: Dean's Office will send an email to all Business School students inviting them to participate in a Financial Planning Seminar. Two versions of the email will be sent to two equal groups: IV: email language - first sentence is phrased as a question or as a statement DV: number of registrants from each email (RSVP leads to a Qualtrics landing page)

Despite the intense competition in business, for successful work, enterprises have to outstrip their competitors not only in terms of technology and indicators of core operating activities, but also in the quality of management systems that ensure a quick response of business entities to changes that occur. Now enterprises are interested in realistically presenting their financial situation not only today, but also in the near future. This is necessary in order to effectively develop its economic activity and timely fulfill its obligations to the state, business partners and other enterprises and organizations. In a market economy, which is characterized by the independence of business entities and the own responsibility of enterprises for the results of financial and economic activities, there is an objective need for constant monitoring, analysis, adjustment and forecasting of changes in the financial condition and assessment of the financial capabilities of the enterprise for the future. The use of budgeting contributes not only to the recovery of those firms where it is used, but also has a great impact on the global processes of strengthening and enriching the national economic system. Therefore, the main purpose of budgeting is to predict the receipts of the enterprise, determine costs, the effectiveness of each economic and financial situation, justify the likely direction of using the financial resources of the enterprise. This is what determines the relevance of our research. A significant contribution to the development and analysis of the methodological, theoretical and practical foundations of budgeting at the enterprise was made by the following domestic and foreign scientists: S. Beloblovsky, M.D. Bilyk, S. Kovtun, S.F. Golov, Z.M. Levchenko and P.V. Ivanyuta, A.A. Tereshchenko, Jailo G. Siegel and Jai K. Shim et al. Based on the relevance and degree of scientific development of the problem, the purpose of the work is to study financial planning at an enterprise, its features and principles of construction, as well as directions for increasing the efficiency of its application. The subject of the research is the financial budgeting of the activities of business entities. To solve all the tasks, such methods were used as analysis and synthesis, generalization to combine the thoughts of different scientists, comparison when considering various classifications of enterprise budgets, description of financial budgets. The informative basis of the research in the course of the study was textbooks and teaching aids, scientific works of leading domestic specialists in the field of theory and practice of financial planning and budgeting, in which a description of financial budgets is given in the most complete and accessible form, conference proceedings. The theoretical provisions, conclusions and proposals developed in the work for assessing the prospects for the development of an enterprise deepen the systemic approaches to their study, and also create the basis for predicting its future financial and economic state and substantiation of possible ways of developing budgeting in the financial planning system at the enterprise.

Optimal financial planning plays a vital role in maintaining concentration and on the path as the organization extends, when new challenges materialize, and when unpredictable situations pounded. This study aims to develop and implement a goal programming model to evaluate financial planning based on the annual financial report of Saudi Basic Industries Corporation (SABIC), which assisted it in developing the financial planning model. This study is mainly designed to analyze SABIC’s budgeting structure; therefore, in order to maximize the benefits from the whole budget, goal programming is implemented for the entire budget. As a result of this study, we identified the following objectives as specific: reduced expenses, increased revenue, increased net profit, increased fixed assets, reduced debt, and increased equity share participation as a result of this project. Moreover, the analysis involved determining whether all objectives were met at the end of the study. Consequently, this study will benefit industrial institutions in achieving their financial objectives.

Financial planning involves systematical forecasting and calculation of cash and financial flows into and out of the company. Financial planning is the reconciliation of cash inflows and outflows, both in terms of amount and time by forecasting all types of cash inflows and outflows that will occur during the company's operations. It allows to quickly determine the solution process, make analysis, forecasts and strategic decisions. This study aims to develop financial forecasting models using univariate deep learning methods. For this purpose Long Short Term Memory (LSTM), Bi-directional Long Short Term Memory (Bi-LSTM) and Convolutional Long Short Term Memory (ConvLSTM) have been used. The performance of the developed models has been evaluated using Mean Absolute Percentage Error (MAPE). The dataset includes 464 rows and total inbound and total outbound invoice amount data from June 22nd, 2020 to March 31st, 2022. Forecast models have been developed for 2 different weeks (28.02.2022 – 04.03.2022 and 21.03.2022 – 25.03.2022) and 2 different months (January 2022 and March 2022) randomly selected from the dataset. When the forecast models developed for inbound invoice amount and outbound invoice amount are examined, it is found that satisfactory results have not been obtained for the monthly forecasts. For the weekly forecasts, MAPE’s of the forecast models were found to be less than 20% in general., {"references":["W. Dai, \"Application of improved convolution neural network in financial forecasting.\" Journal of Organizational and End User Computing (JOEUC), vol. 34, no. 3, pp. 1-16, 2022.","H. Weytjens, E. Lohmann, M. Kleinsteuber, \"Cash flow prediction: MLP and LSTM compared to ARIMA and Prophet.\" Electronic Commerce Research, vol. 21, no. 2, pp. 371-391, 2021.","H. Wasserbacher, M. Spindler, \"Machine learning for financial forecasting, planning and analysis: recent developments and pitfalls\", Digital Finance, pp. 1-26, 2021.","H. Lei, H. Cailan, \"Comparison of multiple machine learning models based on enterprise revenue forecasting.\" Asia-Pacific Conference on Communications Technology and Computer Science (ACCTCS), pp. 354-359, January, 2021.","M. Çuhadar, \"A comparative study on modelling and forecasting tourism revenues: The case of Turkey.\" Advances in Hospitality and Tourism Research (AHTR), vol. 8, no. 2, pp. 235-255, 2020.","Z. Zhang, K. Zhao, K. Huang, Q. Jia, Y. Fang, Q. Yu, \"Large-scale Uncertainty Estimation and Its Application in Revenue Forecast of SMEs.\" 2020","C. Xinyue,X. Zhaoyu, Z. Yue, \"Using Machine Learning to Forecast Future Earnings.\" Atlantic Economic Journal, vol. 48, no. 4, pp. 543-545, 2020.","A. Papadimitriou, U. Patel, L. Kim, G. Bang, A. Nematzadeh, X. Liu, \"A multi-faceted approach to large scale financial forecasting.\" In Proceedings of the First ACM International Conference on AI in Finance, pp. 1-8, October, 2020.","T. Lorenz, C. Homburg, \"Determinants of analysts' revenue forecast accuracy.\" Review of Quantitative Finance and Accounting, vol. 51, no. 2, pp. 389-431, 2018.","I. Leifer, L. Leifer,2016, \"Small business valuation with use of cash flow stochastic modeling.\" In 2016 Second International Symposium on Stochastic Models in Reliability Engineering, Life Science and Operations Management (SMRLO), pp. 511-516, February, 2016.","A. Manowska, \"Using the LSTM Network to Forecast the Demand for Electricity in Poland.\" Applied Sciences, vol. 10, no. 23, pp. 8455, 2020.","B. Liu, C. Song, Q. Wang, Y. Wang, \"Forecasting of China's solar PV industry installed capacity and analyzing of employment effect: based on GRA-Bi-LSTM model.\" Environmental Science and Pollution Research, vol. 29, no. 3, pp. 4557- 4573, 2022.","S. Siami-Namini, N. Tavakoli, A. S. Namin, \"A comparison of ARIMA and LSTM in forecasting time series.\" In 2018 17th IEEE international conference on machine learning and applications (ICMLA), pp. 1394-1401, December, 2018."]}

Financial planning and forecasting are important functions of financial managers, analysts and are important in making management decisions. Long-term growth and strengthening of the company’s position in the market are impossible without high-quality financial planning. Improving the quality of forecasting requires a thorough analysis of the application of various methods and techniques. The article considers the methodological problems of forecasting key financial indicators related to forecasting the final results of the company. The algorithm for creating refined factor predictive models of financial indicators has been presented and tested. Based on the combined application of various economic and mathematical methods, the forecasting method has been improved, which makes it possible to reduce the forecast error, which in turn allows us making more accurate financial decisions.

The research is aimed at theoretical and practical aspects of financial planning of enterprises in conditions of volatility and instability of the external environment. Based on the generalization of approaches to the essence and the meaning of financial planning, its semantic characteristics are determined in terms of methodology in both broad and narrow context. The process of evolution of financial planning is considered from the point of view of formation of systems of financial economic activity management of enterprises, three stages of its genesis with specification of advantages and disadvantages are distinguished. The principles, types and methods of planning are systematized. The stages of financial planning at enterprises are distinguished and their role in balancing financial stability in the process of formation, accumulation, distribution and use of financial resources is determined. Based on the stages of financial planning, three main subsystems of activity planning (strategic forecasting, ongoing financial planning and operational planning of financial activities) are described. On the basis of the analysis of existing problems in financial management in case of instability and recurrence of crisis phenomena, a mechanism for organizing financial planning at enterprises is proposed. The need to improve the effective generation of cash flows in the long term is distinguished, taking into account strategic and long-term financial plans based on the scenario financial planning method.

Desde el punto de vista financiero, una empresa debe poseer un músculo financiero y rentabilidad, ya que se puede naufragar en el mundo corporativo si por algún motivo hace falta cualquiera de las cualidades anteriormente mencionadas. Durante el desarrollo de la práctica administrativa se pudo evidenciar la importancia de estos dos conceptos, ya que justamente un problema de liquidez fue la problemática evidenciada y por la cual se establecieron medidas correctivas. Aquí también se puede determinar que aunque los problemas de liquidez fueron evidentes el instituto, como empresa, no dejó de ser rentable. Esta situación evidencia la importancia del profesionalismo y sigilo de un administrador de empresas para manejar, identificar, proponer y solucionar acertadamente las oportunidades de mejora que tiene cada organización. Para el futuro administrador de empresas la práctica sustentación se vuelve una herramienta adecuada para la aprehensión de los conocimientos teóricos adquiridos, los cuales siempre coadyubarán en el campo de aplicación real. La formación obtenida a lo largo de los 10 semestres en la Universidad Santo Tomás permite encontrar a través de las prácticas el realismo del entorno laboral donde se desempeñarán las habilidades adquiridas como estudiante. Este trabajo es la culminación de varios temas vistos como estudiante los cuales fueron puestos a disposición de la empresa Instituto de Estudios Técnicos Aeronáuticos SAS con la firme intención de que se sigan las recomendaciones emanadas del presente documento y la única intensión de que la empresa corrija sus errores para ser sustentable en el tiempo. From the financial point of view, a company must possess a muscle financial and profitability, since it can be shipwrecked in the corporate world if for some reason you lack any of the qualities mentioned above. During the development of the administrative practice was able to highlight the importance of these two concepts, since just a liquidity problem was the problematic evidenced and by which it established corrective measures. This situation demonstrates the importance of professionalism and stealth of an administrator of companies to manage, identify, propose and solve rightly the opportunities for improvement that has each organization. For the future manager of companies practice sustainability becomes a suitable tool for the apprehension of the theoretical knowledge acquired, which always will assist in the field of real application. The formation obtained along 10 semesters in the University Saint Thomas Opened and to Distance allows to find across the practices the realism of the work environment where the skills acquired like student will get out of debt. This work is the culmination of several issues seen as a student which were placed at the disposal of the company Institute of Technical Studies Aeronautical SAS with the firm intention that they follow the recommendations emanating from the present document and the only intention that the company correct their mistakes to be sustainable over time. Pregrado

The article analyzes the impact of digitalization on the system of financial planning and budgeting of modern enterprises, reveals the main reasons for the lack of high-quality financial planning among domestic economic entities. The advantages and disadvantages of digitization processes in the financial and economic activities of enterprises, tasks and possibilities of automation of financial planning and budgeting processes are formulated. The essence, main characteristics and features of domestic and foreign software products used by business entities in budgeting and financial planning are analyzed.The main stages of the automation process, as well as the problems of increasing the efficiency of the automation processes of financial planning and budgeting at domestic enterprises, are determined., У статті проведено аналіз впливу цифровізації на систему фінансового планування та бюджетування сучасних підприємств, виявлено основні причини відсутності якісного фінансового планування у вітчизняних суб’єктів господарювання. Сформульовано переваги та недоліки процесів диджиталізації у фінансово-господарській діяльності підприємств, завдання та можливості автоматизації процесів фінансового планування та бюджетування.Проаналізовано сутність, основні характеристики та особливості вітчизняних та закордонних програмних продуктів, що застосовуються суб’єктами господарювання при здійсненні бюджетування та фінансового планування.Визначено основні етапи процесу автоматизації, а також проблем підвищення ефективності процесів автоматизації фінансового планування та бюджетування на вітчизняних підприємствах.

Indonesia has an agricultural sector that contributes significantly to the Indonesian economy. However, when the COVID-19 pandemic affected the agricultural industry, it impacted much on the Maju Mulyo Farmer Group in Tambakrigadung, Lamongan. The majority of members of the Maju Mulyo Farmer Group were classified as dhuafa, which means that they had limitations in developing their businesses, planning family finances, and in using technology optimally to support business continuity. The solution provided was through community economic empowerment activities related to Maqashid Sharia-based financial management and digital marketing. The method began by identifying the existing conditions of the Maju Mulyo Farmer Group. Subsequently, it was proceeded with the training stages which included product development training, business management, recording simple accounting reports, e-commerce, digital marketing, and family financial management. The last stage consisted of mentoring, empowering, monitoring, and evaluation. The results of community service activities and providing training with regular assistance could open new insights for rural communities regarding financial and business management amid the COVID-19 Pandemic. Financial management and digital business could facilitate the daily activities of residents and improve the ability of villagers to survive during the COVID-19 pandemic.

In the modern world, in the conditions of economic instability and fierce competition, companies need to have effective tools that can provide an opportunity to study the current financial condition, compare cash inflows and outflows, approve the right decisions that contribute to the subsequent formation and development of the enterprise, as well as optimize management costs. In a company, such an important tool for financial planning, as well as control, is budgeting.This article discusses the tasks, goals, methods, disadvantages and advantages of budgeting, illustrates the full continuous cycle of budget management and the stages of development of the concept of budgeting. In addition to the theoretical aspects, the article considers the empirical and methodological aspects. The purpose of this article is to generalize the theoretical provisions and develop the organizational and methodological aspects of the application of budgeting and the impact of effective budgeting on the development of the overall company. The article uses complex and systematic approaches to the processes and phenomena under study, which is achieved through the methods of analysis and synthesis, review and collection of information, statistical analysis, scientific abstraction and visualization.In the conclusion of the article, the conclusions are made, that a properly formed concept of budgeting, improvement of methods and elements of the budget process will make it possible to manage the capital, as well as a single commercial, and the company as a whole, establishing the sequence of business types, terms and trends of restructuring. This will allow the owners of companies to adapt their business in time to all possible changes in market conditions.

Singapore's Central Provident Fund (CPF) Board reaches out to its members through digital platforms such as its website, electronic direct mailers (EDM) and social media channels (e.g. Facebook, YouTube and Instagram). Given that different individuals have different life orientations, goals, and preferences, it is likely that each user will be interested in different digital content and functions of the digital platforms utilised . Hence, a one size fits all approach is unlikely to be able to optimize engagement interactions through the CPF website and on the EDM channel to deepen their engagement with the CPF system. This is a common issue faced by many internet-based companies, and websites are increasingly customizing sites according to user preferences (e.g., Netflix’s use of previous browsing behaviors to recommend shows an individual will be interested in). To provide a similar customized experience for CPF users, we plan to run two studies. The first study aims to examine what information about a CPF user will be most predictive of their individual interest in different CPF investment plans and CPF information. Subsequently, the second study aims to use the most predictive type of information, as established in study 1, to make personalised recommendations for CPF users (via EDM and website) and evaluate if the personalised recommendations improve user experience.

Pandemics of the nature and scale of COVID-19 remind investors of the importance of asset classes and efficient financial planning. Financial management is a critical element in our management curriculum. Catching up with advancements, university management programs have gone deeper from core financial management into specialized areas such as Financial Engineering and Behavioural Finance. This chapter familiarizes students on an emerging subject - Behavioral Finance - that combines concepts from psychology, finance, and sociology. This discipline helps to understand the complex investor behavior, notably the irrational behavior exhibited that causes irregularity in the financial markets. This chapter focuses on investor behaviour during the COVID-19 crisis and suggests ways to reduce the influence of negative emotion while participating in secondary markets.

In Australia, there are over 20,000 financial advisers, with only 1% registered as independent financial advisers. This study investigates why there has been no significant transition to independent advising. The importance of the study is underlined by the substantial losses suffered by thousands of consumers from advice that has been found to be influenced by conflicts of interest. Using a qualitative technique, the study undertook exploratory semi-structured interviews among financial advisers. The study found that over 90% of privately owned advisers will not be transitioning to independent advising due to the belief that clients will not pay fees for insurance advice. The study finds strong evidence that the affordability of paying fees for insurance advice arguably outweighs the conflicts of interest associated with non-independent insurance advice.

Bu çalışma, Lübnan'daki Sanayi şirketlerinde geleceği tahmin etme, kontrol etme ve karar vermede bütçeler ve başabaş noktası ve diğer ilgili statik yöntemlerin temsil ettiği finansal planlama araçlarının rolünü belirlemeyi amaçlamıştır. Lübnanlı sanayi şirketlerinin idaresinde, muhasebe departmanlarında ve bu şirketlerde finans idaresinde görev yapan 60 çalışandan oluşan araştırmanın örneklemine bir anket tasarlanmış ve dağıtılmıştır. 54 anket, SPSS kullanılarak bilgisayar tarafından istatistiksel olarak analiz edilerek geri yüklendi. Araştırmada, örneklem yanıtlayıcıları açısından araştırma örneklem kurumlarının geleceğe yönelik finansal planlama sürecine bağlı olduğu ve araştırma örneklem örgütlerinin bütçeyi en önemli finansal planlama araçlarından biri olarak kullandıkları ve örneklem kapsamındaki firmaların geleceğe yönelik planlamanın hazırlanmasında finansal planlama araçları olarak başabaş analizi gibi bilimsel ve diğer istatistiksel yöntemler ve bir tahmin ve karar verme yaklaşımı olarak finansal planlama araçları arasındaki ilişki orta düzeydedir. Araştırma alanı ile ilgili daha fazla çalışmanın yönlendirilmesi (finansal planlama araçları), finansal planlama tekniklerinin gelecek planlarını kontrol etmek için kullanımının artırılması ve farklı finansal planlama araçlarının kullanılmasının önündeki engellerin ele alınması gibi önerilerde bulunulmuştur., This study aimed to identify the role of using the financial planning tools represented by budgets and breakeven point and other related statically methods in improving the future predicting, controlling and making decisions in the Industrial companies in Lebanon. A questionnaire was designed and distributed to the sample of the study which consisted of 60 employees in the Lebanese industrial companies’ administration, in the accounting departments and in the finance administration in these companies. 54 questionnaires were restored analyzed statistically by the computer using SPSS. The study concluded that the research sample institutions depending on the financial planning process for the future from the point of view of sample responders, and the research sample organizations use the budget as one of the most important financial planning tools, and the companies under sample using scientific and other statistical methods like breakeven analysis as financial planning tools in preparing planning for future, and the relation between financial planning tools as an approach for forecasting and decision-making is moderate. Recommendations were provided like directing more studies related to the research field (financial planning tools), and upgrading the utilization of financial planning techniques to control the future plans and addressing obstacles to the utilization different financial planning instruments.

This project illustrates the build-up of the start-up Rentya, a peer-to-peer renting platform for almost everything. In order to succeed under favorable market conditions, the business plan should be precise and realistic to ensure a determined and organized execution. This document gives financial guidance on the first five years of operations. Therefore, different components, such as the stuffing of employees and the expected customer development, are calculated, analyzed, and finally summarized in a profitability analysis. With the considered assumptions, Rentya requires funding in the first years before reaching break-even in year five with accelerating growth.

We study how age identity (measured by the difference between chronological age and perceived old age), influences financial planning among the older population (60+) in China. Using data from three waves of the China Longitudinal Aging Social Survey, we show that individuals who feel younger have a significantly higher probability of making financial plans. That such an effect exists in sub-samples divided by age and retirement status implies the relevance of financial planning even for individuals with advanced ages. It is consistent with the hypothesis that old individuals who feel younger have higher perceived cognitive abilities and hence higher motivation to make financial plans. However, an unfavorable perception of social aging culture moderates such a positive effect. Age identity can further impact the downstream economic be-haviors of saving and investing, either directly or indirectly, through financial planning. Finally, a younger age identity also increases an individual's willingness to internalize the responsibility of eldercare. Our findings imply that it is important to consider individuals' age identity when crafting and implementing old-age policies.

Covid-19 has affected the global economy, influencing firm and household financial decisions worldwide. The Central Bank of the United Arab Emirates (CBUAE) released an AED 256 billion stimulus package to provide banks with sufficient capital to support economic activities and development by providing temporary relief to large corporations, small- and medium-sized enterprises, and households. New financial products have rapidly appeared, including relief packages for rent, mortgages, personal loans, credit cards, SMEs, and corporate entities. Regression analysis explores the effect of such relief packages on UAE firm and household finances. Using online survey data gathered via convenience sampling of UAE households, econometric analysis confirms that select demographic factors and financial instruments positively relate to effective financial decision-making. Our results guide policymakers on which relief packages effectively manage firm-level and household financial distress during a health pandemic. Supplementary Information The online version contains supplementary material available at 10.1057/s41264-021-00098-w.

In modern conditions of information technology development, the business management regime has changed. The sphere of management has expanded from internal to external. The innovation model of corporate Finance management must also adapt to this change. In an era of the global implementation of information systems and management tools, the innovation of the corporate financial management regime is not only in the rational planning and use of the company’s own resources but also in the inclusion of various categories of social resources necessary for the company’s operations in the category of corporate financial management and delivery to the enterprise. The purpose of the article is to consider the conceptual model of the financial management system of enterprises using modern information technologies. In the study, the author used a systematic approach to the enterprise’s financial management and methods of economic and deterministic factor analysis, synthesis, and grouping as well.

The article assesses the main functional elements of public Finance management: planning, operational management and control. Financial planning and forecasting presently depend not only on macroeconomic and microeconomic factors, but also on geopolitical factors. Economic sanctions, which are still ongoing, have a particular impact, so it is impossible to make an accurate forecast in the management of public finances. Operational public financial management can never be considered without public resources designed to support and implement the activities of all areas of the country’s life. The paper pays special attention to the control function due to the lack of a single objective control system. To improve efficiency, the authors propose to use certain criteria: the performance criterion and the criterion of inappropriate use of budget funds. The paper calculates the dependence of Federal budget revenues on the level of gross domestic product (GDP) and the level of unemployment. The authors use for the calculation a standard form of regression equation that takes into account statistical correlations. The results of this study can be used to improve the efficiency of Federal budget revenue planning.

Analizar la gestión directiva de la empresa Clínicas Odontológicas Coodontologos SAS entre el año 2018 al 2020 El sector odontológico en Colombia no fue exento del impacto negativo por el Covid-19 en el crecimiento y sostenibilidad del sector en el mercado. La pandemia afectó considerablemente la operacionalidad y márgenes de crecimiento proyectados, el confinamiento y medidas de bioseguridad empleadas al comienzo de la pandemia, por el Estado, para mitigar casos activos y controlar el nivel de contagios en el país, freno la economía, el crecimiento económico y el desarrollo social, así como, a nivel empresarial ocasionando problemas de flujo de caja, como también, dificultades en el manejo eficiente del capital de trabajo, por ende, se hace necesario analizar la gestión directiva de la empresa Clínicas Odontológicas Coodontologos SAS entre el año 2018 al 2020. Mediante un tipo de estudio descriptivo, análisis de datos históricos, identificar la planeación estrategia y financiera de la organización en el periodo de estudio validado. Por lo que se considera que, el artículo presenta herramientas generales sobre cómo la dirección logró manejar el margen de maniobra y flexibilidad organizacional para mantenerse en el mercado. Igualmente arroja resultados que pueden servir como punto de referencia para posteriores análisis o estudios del sector odontológico para determinar la generación o destrucción de valor económico agregado, ya sea, por factores internos o externos de la organización. The dental sector in Colombia was not exempt from the negative impact of Covid-19 on the growth and sustainability of the sector in the market. The pandemic considerably affected the operationality and projected growth margins, the confinement and biosecurity measures used at the beginning of the pandemic, by the State, to mitigate active cases and control the level of contagion in the country, slowed down the economy, economic growth and social development, as well as, at the business level, causing cash flow problems, as well as difficulties in the efficient management of working capital, therefore, it is necessary to analyze the management of the company Clínicas Odontológicas Coodontologos SAS between the year 2018 to 2020. Through a type of descriptive study, analysis of historical data, identify the strategic and financial planning of the organization in the validated study period. Therefore, the article presents general tools on how the management managed to manage the room for maneuver and organizational flexibility to stay in the market. It also yields results that can serve as a point of reference for subsequent analyzes or studies of the dental sector to determine the generation or destruction of added economic value, whether due to internal or external factors of the organization.

Objective: Small and medium enterprises (SMEs) have become a focus of attention by economists until now. Furthermore, their financial planning capacity as reflected in the level of their financial literacy in Central Java province which is 33.51% and this is included in the not-literate category. This paper describes the results of a study investigating the effect of personality, self-control, and financial constraints on SME financial planning in Jepara, Central Java. Research Design & Methods: A quantitative approach is used to determine the effect of personality, self-control, and financial constraints to financial planning by using using software SmartPLS. This study used 285 questionnaires collected from SME owners in Jepara by proportional random sampling. The sample size was determined using the Slovin formula. Measurement of variables was done by the adoption of indicators of previous studies by adjusting it according to current situation. Findings: The results showed that personality, self-control, and financial constraints have a positive and significant effect on financial planning. The positive personality shown by SME owners and their ability to control emotions have a positive impact on the financial planning process. These findings also indicate that financial constraints are not an obstacle for SMEs to remain productive and conducting future financial planning. Implications & Recommendations: SME owners can use the results of this study as they are more enthusiastic to increase productivity. SMEs must begin to develop financial planning in more detail to improve business performance and maintain themselves in the market. Future research can re-examine the concept of this research on a larger scale, nationally or even internationally. Contribution & Value Added: This research contributes to social and financial literature because it involves personality in the financial planning process.

The crisis in the global and national economies negatively affects the predictability of companies. In such conditions, it becomes impossible to correctly forecast and plan based on the traditional methods and models. Therefore, the aim of this study is to develop an approach to forecasting and planning in conditions of high uncertainty in the functioning of companies. The methodological basis of the study is evolutionary-institutional management, which allows to consider the development of the company as a complex evolutionary process. A scenario approach is used as the basis for forecasting, which allows to study the dynamics of any company in an unstable environment. The study includes three blocks: developing scenarios, scenario forecasting, financial planning. The study is conducted based on data on the functioning of Ukrainian Railways, JSC, which is the operator of the rail infrastructure and the national carrier of goods and passengers in Ukraine. Scenarios are developed considering the specifics of the products of rail companies and based on factors (key uncertainties) that determine the effectiveness of their functioning. Scenario forecasting is based on considering the peculiarities of the company's production process, its cash cycle, and the formation of financial resources. As a result, forecast estimates are obtained for three scenarios (optimistic, pessimistic, and negative). The financial planning model is developed as a system of interrelated models of cash flow planning (operational, investment and financial). This approach allows to plan the sources of funds of the company and their use, taking into account possible changes in the external and internal environment of the company and, as a result, ensure its stable functioning in the implementation of any scenario.

Present day business entities are developing in dynamic environment which is characterised by a high degree of uncertainty. As a consequence, top management of an enterprise is interested in reducing the degree of uncertainty and risks, which is achieved by forecasting. This paper suggests the methods of financial forecasting that can be of help in identifying of the expected state of financial resources and the demand for them, as well as possible variants of carrying out of financial activity and will provide a background for financial planning.

Dissertation presented as the partial requirement for obtaining a Master's degree in Statistics and Information Management, specialization in Risk Analysis and Management A preparação para a reforma é uma das questões mais importantes do planeamento financeiro, pois a partir dela é possível garantir uma melhor qualidade de vida e segurança financeira no futuro. Por ser uma questão individual, complexa e de longo prazo, muitos brasileiros não se planeiam adequadamente ou postergam o planeamento da reforma. O presente trabalho tem como objetivo principal analisar o comportamento do brasileiro acerca do planeamento da reforma, à luz da Economia Comportamental. Para isto, foi realizada uma pesquisa online com brasileiros em idade ativa. O questionário conteve questões sobre o o viés de Autocontrole, Literacia Financeira, Planeamento da Reforma e dados demográficos. Apresentou-se uma Análise Descritiva das respostas ao questionário e realizou-se uma regressão logística a fim de obter as variáveis que impactam na propensão a poupança para a reforma. Os resultados mostraram que o Género, a Escolaridade, o Nível de Literacia Financeira e o Viés de Autocontrole são as variáveis significativas no modelo. Conclui-se que é preciso considerar fatores comportamentais na discussão acerca do planemento da reforma. Além disso, é necessário ampliar as políticas públicas de educação financeira no Brasil, principalmente no que se refere ao planeamento da reforma. Preparing for retirement is one of the most important issues of financial planning, because from it is possible to ensure a better quality of life and financial security in the future. Because it is an individual, complex, and long-term issue, many Brazilians do not plan properly or postpone the retirement planning. The main objective of this work is to analyze the Brazilians behavior about the retirement planning, in the light of Behavioral Economics. For this purpose, an online survey was conducted with Brazilians of working age. The questionnaire contained questions about Self-Control bias, Financial Literacy, Retirement Planning, and demographic data. A Descriptive Analysis of the answers to the questionnaire was presented and a logistic regression was performed to obtain the variables that impact the propensity to save for retirement. The results showed that Gender, Education, Level of Financial Literacy and Self-Control Bias are the significant variables in the model. It is concluded that it is necessary to consider behavioral factors in the discussion about the retirement planning. In addition, it is necessary to expand public financial education policies in Brazil, mainly regarding retirement planning.

RESUMEN El objetivo es desarrollar un modelo de planeación financiera que permita calcular las ganancias probables de una compañía de alimentos en Colombia, en un horizonte temporal de seis años. La metodología utilizada es el Valor Presente Neto de sus flujos de caja libre, calculados a partir de 38 variables de entrada y de proceso que recogen el aspecto macroeconómico, las políticas financieras y los estados contables. Se realizaron 10.000 iteraciones con la técnica de simulación Montecarlo. Los resultados de la simulación indican que sus ganancias probables están entre $278.293 millones y $449.934 millones con un nivel de confianza del 90%. El análisis de sensibilidad del plan financiero permite concluir que la compañía debe reformular sus políticas financieras relacionadas con la administración del capital de trabajo, dado que la cartera y principalmente los inventarios tienen una influencia negativa sobre el VPN, según los coeficientes de regresión. CLASIFICACIÓN JEL B41, C15 ABSTRACT The goal is to develop a financial planning model that allows calculating the probable profits of a food company in Colombia, in a time horizon of six years. The methodology used is the Net Present Value of its Free Cash Flow, calculated from 38 input and process variables that include the macroeconomic aspect, financial policies and financial statements. 10.000 iterations were carried out with the Montecarlo simulation technique. The simulation results indicate that its probable profits are between $278.293 million and y $449.934 million with a confidence level of 90%. The sensitivity analysis of the financial plan allows to conclude that the company should reformulate its financial policies related to the management of working capital, since the debt clients and mainly the inventories has a negative influence on the Net Present Value, according the regression coefficients. JEL CLASSIFICATION B41, C15 RESUMO O objectivo é desenvolver um modelo de planeamento financeiro que permita calcular os prováveis lucros de uma empresa alimentar na Colômbia, num horizonte temporal de seis anos. A metodologia utilizada é o Valor Presente Líquido dos seus fluxos de caixa livres, calculado a partir de 38 variáveis de entrada e de processo que recolhem o aspecto macroeconómico, as políticas financeiras e as declarações contabilísticas. Um total de 10.000 iterações foram realizadas utilizando a técnica de simulação de Monte Carlo. Os resultados da simulação indicam que os seus prováveis lucros se situam entre $278,293 milhões e $449,934 milhões com um nível de confiança de 90%. A análise de sensibilidade do plano financeiro permite concluir que a empresa deve reformular as suas políticas financeiras relacionadas com a gestão do capital de exploração, uma vez que a carteira e principalmente os inventários têm uma influência negativa no VPL, de acordo com os coeficientes de regressão. CLASSIFICAÇÃO JEL B4I, CI5

Магистерская диссертация посвящена исследованию построения системы бюджетирования на предприятии. Предметом исследования являются экономические отношения, возникающие в процессе реализации системы бюджетирования газотранспортного предприятия ООО «Газпром трансгаз Югорск». Цель магистерской диссертации заключается в совершенствовании системы бюджетирования на основе изучения теоретико-методических аспектов процесса бюджетирования в системе финансового планирования на предприятии и разработке программы энергосбережения. В заключении подводятся итоги проведенного исследования, делаются основные выводы и обобщаются перспективные направления по развитию системы бюджетирования на предприятии. The master's thesis is devoted to the study of building a budgeting system in an enterprise. The subject of the study is the economic relations that arise in the process of implementing the budgeting system of the gas transportation company OOO «Gazprom transgaz Yugorsk». The purpose of the master's thesis is to improve the budgeting system based on the study of the theoretical and methodological aspects of the budgeting process in the financial planning system at the enterprise and the development of an energy saving program. In conclusion, the results of the study are summarized, the main conclusions are drawn and perspective directions for the development of the budgeting system at the enterprise are summarized.

В статье показано, что современные подходы к планированию являются инструментом для поддержки процесса производства на предприятии. В работе используется теоретический анализ научной литературы, а также анализ существующих моделей планирования. Рассмотрена эффективность процесса планирования для успешного развития бизнеса, повышения его надежности и прибыльности. Уделено внимание вопросам бюджетирования, как необходимого программного обеспечения в современных условиях. Выявлена необходимость интеграции компьютерных программ, финансового планирования, управления и бухгалтерского учета для успешного развития бизнеса. The article shows that modern approaches to planning are a tool to support the production process at the enterprise. The paper uses a theoretical analysis of scientific literature, as well as an analysis of existing planning models. The efficiency of the planning process for successful business development, increasing its reliability and profitability is considered. Attention is paid to the issues of budgeting as a necessary software in modern conditions. The necessity of integration of computer programs, financial planning, management and accounting for successful business development is revealed.

Kodýtek, P., Consequences of Inaccurate Financial Planning of Consulting Companies for Clients in the Czech Republic. Brno: Mendel university in Brno, 2022. The bachelor's thesis deals with the possible negative consequences in the process of personal financial planning caused by inaccurately determined pension insurance benefits. The thesis presents a theoretical description of personal financial planning and the pension system in the Czech Republic. The aim of this work is to identify and quantify the differences in the outputs of personal financial plans prepared with precisely determined pensions benefits compared to estimated pensions benefits. The research took the form of a structured interview and processing of results for 2 selected households. The results of the work are discussed, and factors are determined that may affect the importance of determining the exact benefits of pension insurance for the purposes of developing a personal financial plan.

LLD, North-West University, Potchefstroom Campus Financial education entails the process of enhancing financial consumers’ understanding of financial products, services and concepts. It is vital for improving financial consumers’ knowledge on better saving, budgeting, investment, financial planning, financial risks and responsible borrowing. Moreover, financial education is also essential to assist financial consumers to make well-informed decisions, judgments and choices regarding the management of their finances for both short and long-term financial goals. Educated and well-informed financial consumers improve their financial resilience against financial fragility, taking into consideration any change that can occur in economic events and/or related aspects. The advent of the coronavirus (COVID-19) pandemic resulted in unprecedented socio-economic effects that have affected the livelihood of most households. This status quo necessitates the adoption of adequate and appropriate financial education programmes and initiatives to strengthen the financial resilience of financial consumers, especially low-income earners in South Africa. This study is premised on the argument that a robust financial education regulatory framework for promoting financial education is essential for curbing financial illiteracy and related problems among low-income earners in South Africa. The proposed framework could enhance the promotion and regulation of financial education for low-income earners in South Africa. The researcher examines the relevant provisions of the National Credit Act 34 of 2005 as amended, the Consumer Protection Act 68 of 2008 as amended and the Financial Sector Regulation Act 9 of 2017, among others, that deal with the provision and promotion of financial education in South Africa. This study seeks to establish whether the current financial education regulatory framework is robust enough to adequately promote financial education for low-income earners in South Africa. To this end, this study provides a comparative legal analysis on the promotion of financial education to draw lessons from Botswana, Australia and the United Kingdom regarding the robust promotion of financial education.

Ефективне, якісне та оперативне виконання фінансової стратегії підприємства не можливе без превентивного аналізу та контролю. Аналіз забезпечує точний прогноз і характер можливих наслідків, контроль забезпечує мінімальний негативний вплив притаманних ризиків і факторів та захищає реалі-зацію фінансової стратегії. Розглядається актуальність аналізу процесу реалізації фінансової стратегії підприємства на пре-дмет вияву та дослідження факторів впливу на цей процес. Досліджено та окремо сформовано основні завдання для фінансової стратегії і для фінансового планування. Для оцінки виконання фінансової стратегії пропонується комплекс способів в комплексній системі стратегічного контролінгу за декількома аналітичними методами. Викладений матеріал потребує по-дальше дослідження щодо вдосконалення методик у зв’язку із виявленими ризиками та факторами впли-ву на реалізацію фінансової стратегії., Effective, high-quality and prompt implementation of the financial strategy of the enterprise is not possi-ble without preventive analysis and control. The analysis provides an accurate forecast and the nature of pos-sible consequences, control ensures minimal negative impact of risks and factors and protects the implementa-tion of financial strategy. The relevance of the analysis of the process of implementation of the financial strategy of the enterprise for the identification and study of factors influencing this process is considered. The main tasks for financial strategy and financial planning are researched and formed separately. To assess the implementation of financial strategy, it is proposed to use several methods of analysis in the system of strategic controlling. The presented material needs further research to improve the methods in con-nection with the identified risks and factors influencing the implementation of financial strategy.

El presente trabajo surgió por la necesidad de contar con un modelo financiero en la empresa XYZ S. A. que soporte la toma de decisiones estratégicas por parte de la gerencia general y sirva como herramienta de corto plazo para el control financiero. Su elaboración se dividió en dos fases; la primera, conocida como planeación financiera de corto plazo, se elaboró con un horizonte temporal de un año y su objetivo principal es permitir el ejercicio del control financiero; en cuanto a la segunda fase, conocida como planeación financiera de largo plazo, buscó, mediante la utilización de herramientas propias de la ciencia de datos, disminuir la incertidumbre mediante proyecciones con base estadística sólida. Por último, se acudió a las finanzas corporativas y a la analítica para consolidar un modelo de planeación y de proyección financiera que permita el ejercicio del control financiero y la toma de decisiones estratégicas., The present work arose from the need to have a financial model in the company XYZ S. A. that supports strategic decision-making by the general management and serves as a short-term tool for financial control. Its elaboration was divided into two phases; the first known as short-term financial planning was developed with a time horizon of one year and its main objective is to allow the exercise of financial control, meanwhile, the second phase known as long-term financial planning sought through the use of tools of data science reduce uncertainty through projections with a solid statistical basis. Finally, through the use of corporate finance and analytics, a financial planning and projection model was consolidated that allows the exercise of financial control and strategic decision-making.

This paper illustrates the potential impacts of climate change on financial markets, focusing on their long-term significance. It uses a top-down modelling tool developed by Ortec Finance in partnership with Cambridge Econometrics that combines climate science with macro-economic and financial effects to examine the possible impacts of three plausible (not extreme) climate pathways. The paper first considers the impact on gross domestic product (GDP), finding that GDP is lower in all three pathways, with the most severe reduction in the Failed Transition Pathway where the Paris Agreement climate targets are not met. The model then translates these GDP impacts into financial market effects. In the Failed Transition Pathway, cumulative global equity returns are approximately 50% lower over the period 2020–2060 than in the climate-uninformed base case. For the other two pathways where the Paris Agreement targets are met, the corresponding figures are 15% and 25% lower returns than in the base case. Results are provided for other asset classes too. These demonstrate that climate change represents a significant market risk, with implications for financial planning, modelling and regulation.

ilustraciones, graficas Esta es una investigación de tipo documental que explora a través de una revisión de literatura de 56 referencias biográficas de los últimos 15 años la incidencia entre la generación de valor en las organizaciones y la aplicación de la planeación financiera en el desarrollo de sus actividades corporativas de corto y largo plazo. Para tal fin, se utilizaron como proveedores de documentos las base de datos Scopus y Web Of Science, y aplicando la metodología correspondiente se logró recopilar, clasificar y caracterizar la literatura seleccionada para así presentar como resultados la conceptualización de los diferentes aportes investigativos, además de la identificación de las herramientas que tiene a la mano la planeación financiera para aplicar en ejercicios de largo plazo y que se encuentran en tendencia, y finalmente la enumeración de los efectos que este ejercicio financiero le aporta a la generación de valor financiero a las organizaciones. (Texto tomado de la fuente) This is documentary-type research, which explores through a literature review of fifty-six biographical references from the last fifteen years: the incidence between the value generation in organizations and the application of financial planning in the development of their short- and long-term activities. For that purpose, Scopus and Web of Science were the investigation’s citation database and using the corresponding methodology it was enable collect, sort out and characterize the selected references, As a result, it presents the conceptualization of the different research contributions, followed by the identification of the tools that financial planning has at hand for its long-term exercises and that are in trend, up to the enumeration of the effects that this financial exercise contributes to the generation of financial value to the organizations. Maestría Magíster en Contabilidad y Finanzas Finanzas

The modern development of a market economy dictates its own requirements for economic units, the effectiveness of which directly depends on the implementation of financial policy and its planning. Planning, in turn, allows you to determine the prospect of the enterprise, that is, to foresee its future and avoid possible risks. As an example, the article considers financial planning within the banking sector. Современное развитие рыночной экономики диктует свои требования к хозяйственным единицам, эффективность которых напрямую зависит от реализации финансовой политики и ее планирования. Планирование в свою очередь позволяет определить перспективу предприятия, то есть предвидеть его будущее и избежать возможных рисков. В качестве примера в статье рассмотрено финансовое планирование в рамках банковского сектора.

The purpose of this study is to explore the demand for robo-advising services by analyzing the participants’ behavioral characteristics and investment patterns. With the 2015 Financial Industry Regulatory Authority Investor data, we found that robo-advisor users were younger investors with high risk tolerance, whose self-assessment of financial knowledge is comparatively higher than their actual knowledge, and were independent decision-makers. By controlling for those behavioral attributes of robo-advisor users, we also found that robo-advisor users were reluctant to invest in individual stocks, while they showed the largest preference for investing in pooled investment products such as Exchange Traded Funds. Implications of this study’s findings can be beneficial to financial planning practitioners, academics, and regulators.

Introduction. Adaptive models provide for the possibility to forecast financial and economic indicators in the short term, provided that a small amount of statistical data is available. The most common adaptive forecasting models are Brown, Holt, Holt-Winters, Box-Jenkins, autoregressive and other models. We believe that the use of adaptive forecasting models becomes especially important in the context of constant changes in the external environment and instability of economic and political situation. Purpose. The purpose of this article is to forecast based on basic adaptive models of the level of financial support for regional development in the short term. Results. It is noted that improving the effectiveness of regional development is facilitated by the formation of an optimal model of its financing. In the conditions of environmental variability, it is necessary to approach the issues of development and implementation of financial plans especially carefully. The optimality of financial planning is determined by the degree of achievement of the accuracy of the forecast level of the planned indicators. With the help of the basic adaptive model of Brown the forecasting level of financial provision of regional development for the nearest future is made. One-dimensional time series was selected as the information base of the study, which reflected the results of the implementation of the local budget revenue part of the Mykolaiv area. Conclusions. In the course of the research, the thesis about the optimality of financial planning was substantiated, it was shown that it can be determined by the degree of accuracy of the forecast level of the planned indicators. The effectiveness of Brown's adaptive model for short-term planning of regional development financial support has been proved. The proposed model has been tested for adequacy, and on its basis recommendations for further application in practice of regional development financing planning have been developed.

The article investigates the financial and economic essence of financial planning and proves that the problem of formation of information and analytical support of financial planning in an industrial enterprise becomes very important and requires a clear rationale and solutions. Analyzed modern methods of financial planning and forecasting companies that provide objective results of the company and found that despite the results achieved, the problem of formation of information–analytical providing financial planning at an industrial enterprise is still not completely solved. The author's classification of information for the needs of financial planning is made and it is proved that for the successful implementation of financial planning the financial management is recommended to use a sufficient information base that describes the individual characteristics of the financial structure of the enterprise and its position in the market. The priority tasks of information and analytical support of the financial planning process are investigated. The system of information and analytical support of financial planning of the enterprise from external sources has been developed. Indicators of information and analytical support of financial planning based on information from internal sources are investigated. The indisputable role of information resources in the activities of modern business entities of any industry is proved. From information must begin the management process (inputs) and information it ends (the output) and the reliability, accuracy, truthfulness, objectivity, timeliness of data, effective operation of the system of information‒analytical security depends on the effective functioning of economic entities. Thus, in competitive conditions of internal and external markets, the effective functioning of the system of information and analytical support of financial planning helps to reduce risks and make rational management decisions. It is concluded that the basis of the financial planning system is the financial plan, the availability and reliability of information affect the correctness of this document., У статті досліджено фінансово-економічну сутність фінансового планування та доведено, що проблема формування інформаційно–аналітичного забезпечення фінансового планування на промисловому підприємстві набуває дуже важливого значення та потребує чіткого обґрунтування та вирішення. Проаналізовані сучасні методики фінансового планування та прогнозування підприємства, які забезпечують найоб’єктивніші результати діяльності підприємства, та виявлено, що незважаючи на досягнуті результати, проблему формування інформаційно–аналітичного забезпечення фінансового планування на промисловому підприємстві досі повністю не вирішено. Зроблено авторську класифікацію інформації для потреб фінансового планування та доведено, що для успішного здійснення фінансового планування фінансовому керівництву рекомендується використовувати достатню інформаційну базу, яка описує індивідуальні особливості фінансової структури підприємства та його позицію на ринку. Досліджені пріоритетні завдання інформаційно‒аналітичного забезпечення процесу фінансового планування. Розроблено систему інформаційно–аналітичного забезпечення фінансового планування діяльності підприємства із зовнішніх джерел. Досліджені показники інформаційно–аналітичного забезпечення фінансового планування, що базуються на інформації з внутрішніх джерел. Доведено беззаперечну роль інформаційних ресурсів в діяльності сучасних суб’єктів господарювання будь-якої галузі. З інформації повинен починатися процес управління (вхідна інформація) та інформацією він й закінчується (вихідна інформація), а від надійності, точності, достовірності, об’єктивності, своєчасності отримання даних – ефективної роботи системи інформаційно‒аналітичного забезпечення – і залежить ефективне функціонування суб’єктів господарювання. Таким чином у конкурентних умовах внутрішнього та зовнішнього ринків ефективне функціонування системи інформаційно–аналітичного забезпечення фінансового планування сприяє зниженню ризиків та прийняттю раціональних управлінських рішень. Зроблено висновок, що основою системи фінансового планування є фінансовий план, доступність та достовірність інформації впливають на правильність складання цього документа.

Validating the profit formula of a business idea is a difficult task for students and entrepreneurs alike. With the ���Business Coaster��� we present a simple tool that helps students to get in touch with numbers and design the value capture-side of a business model., Journal of Business Models, Vol. 9 No. 3 (2021): Special Issue, Teaching Business Models Part 2

Ilustraciones y tablas Los principales logros a partir de la Ley 100 de 1993 fueron: nuevas fuentes de financiación que inyectaron recursos, desarrollo de una novedosa estructura institucional, mayor cobertura, progreso en los indicadores de equidad e introducción de criterios de eficiencia en el sistema de salud. El país requiere evidenciar un debate académico para lograr un consenso sobre los factores que contribuyen a formular una sostenibilidad financiera del sistema de salud, cómo evaluarla y hacerle seguimiento. Esta investigación presenta una evaluación de la eficiencia financiera de las Entidades Promotoras de Salud Subsidiada - EPSS -, como instituciones cuya gestión afectan la sostenibilidad financiera del régimen subsidiado de salud. La pertinencia radica en que el comportamiento de los resultados financieros de estas entidades, impactan la sostenibilidad financiera del sistema, que pretende conservar los logros y avanzar en el acceso con calidad al servicio de salud y el uso de nuevas tecnologías apropiadas. Los principales gestores del régimen subsidiado de salud requieren implementar medidas que incrementen sus niveles de eficiencia y competitividad a nivel de sus resultados económicos y financieros. Por lo tanto las EPSS deben hacer un uso racional de los recursos asignados, de forma tal que reporten mayores indicadores de eficiencia y mejores resultados de impacto con disminución de costos. (Texto tomado de la fuente). The main achievements from Law 100 of 1993 were: new financial sources that injected resources, development of a novel institutional structure, increased coverage, progress in equity indicators and introduction of efficiency criteria in the health system. The country requires an academic debate on what the financial sustainability of the health system means, how to evaluate it and monitor it. This research presents an assessment the financial efficiency of the subsidized health promoting entities (EPSS in Spanish), whose management affects the financial sustainability of the subsidized health regime. The relevance lies in the finance results performance of this entities, impact the finance sustainability of the system, who intends to preserve the goals and advance on the acces with quality to the health service and the use of appropriate new technologies. The main administrators of the subsidized health regime require implementing measures that would allow them to be more efficient and competitive from an economic and financial results. Therefore, it is essential that the EPSS must make a rational use of their resources, thus achieve greater efficiency indicators and best impact results indicators with lower costs. Maestría Magíster en Ciencias Económicas La presente investigación es de tipo descriptiva evaluativa, pues efectúa un análisis de eficiencia de las EPSS y define las variables y los rubros a utilizar de los estados financieros de estas empresas; la metodología de análisis envolvente de datos permite especificar y jerarquizar los distintos niveles de eficiencia para las EPSS evaluadas. Es cuantitativa dado que toma rubros financieros de las variables definidas para la medición de la eficiencia de las EPSS y se estiman los valores de las variables de entrada y salida materia del ejercicio para lograr la eficiencia óptima de las mismas, es decir en qué magnitud se deberían modificar esas entradas y salidas para lograr un máximo nivel de eficiencia y así garantizar la prestación de servicio de salud a sus afiliados en condiciones óptimas. Economía y Gestión Pública

Made available in DSpace on 2022-04-28T19:44:54Z (GMT). No. of bitstreams: 0 Previous issue date: 2021-10-01 Association for Progressive Communications Coordenação de Aperfeiçoamento de Pessoal de Nível Superior (CAPES) There is an increasing pressure by the community and customers forcing companies to insert environmental concerns in their practices. To help companies initiatives, the green bonds market was created. Our research question is “How to select bonds in a growing billion-dollar market?” This paper presents a multi-criteria decision analysis (MCDA) model to enable investors identify opportunities based not only in opinions, but grounded on objective facts. Analytic hierarchy process (AHP), complex proportional assessment (COPRAS), full consistency method (FUCOM), step-wise Weights Assessment Ratio Analysis (SWARA), and technique of order preference similarity to the ideal solution (TOPSIS) are MCDA methods applied in this paper. Top-fifteen green bonds ranked by specialized media were assessed with the proposed MCDA model. Criteria included the Environmental Performance Index (EPI) proposed by Yale University, and common financial indicators as assets, risks (β), and dividends. The new ranks from MCDA are compared each other and compared with the rank published by specialized media. Department of Production School of Engineering Universidade Estadual Paulista Júlio de Mesquita Filho Department of Industrial Engineering Corporación Universitária de la Costa, Calle 58 #55–66 Department of Production School of Engineering Universidade Estadual Paulista Júlio de Mesquita Filho

There is a great difficulty in persons regarding their control of finances and making good use of Financial Planning in their Personal Finances. Taking it into account, we acknowledge the importance of this paper, which has as main objective to analyze whether academics of the Bachelor Degree of Accounting at the State University of Piauí, campus Picos, apply accounting techniques when planning their personal finances, as well as to identify the profile of socioeconomic status of the academics, establishing how they organize their personal finances and how they were financially educated, assessing whether there is a personal financial planning in order to improve the use of their income and, finally, to identify the importance of Accounting and the financial planning in the personal finances of these students. The methodology initially used in this work was bibliographic, through books and academic papers which dealt with the subject, secondly, a field research was carried out through a survey with objective questions about the theme. By using this research, the theoretical component and the analyzed responses of the survey, the paper’s objectives were fulfilled, concluding that the students present a good level of knowledge on the theme. Existe una gran dificultad para que las personas se controlen financieramente y hagan buen uso de una Planificación Financiera en sus Finanzas Personales. Desde esta perspectiva surgió la concepción de este trabajo, que tuvo como objetivo principal analizar si los académicos de la carrera de Licenciatura en Contabilidad de la Universidad Estatal de Piauí, campus de la ciudad de Picos, aplican técnicas contables en la planificación de sus finanzas personales, así como identificar el perfil de la situación socioeconómica de los estudiantes, verificando cómo organizan sus finanzas personales y cómo se educaron financieramente, verificando si existe una planificación financiera personal con el objetivo de mejorar el uso de los ingresos obtenidos y finalmente identificar la importancia de los estados contables y financieros dentro de finanzas personales de los alumnos del citado grado superior. La metodología utilizada inicialmente en el trabajo fue bibliográfica, a través de libros y artículos que abordan el tema, posteriormente se realizó una investigación de campo a través de un cuestionario con preguntas cerradas sobre el tema mencionado. A través de esta investigación, a través de la parte teórica y las respuestas analizadas del cuestionario, se alcanzaron todos los objetivos, concluyendo que los estudiantes presentan un buen nivel de conocimiento sobre el tema abordado. Existe uma grande dificuldade por parte dos indivíduos em controlar-se financeiramente e fazer uso de um Planejamento Financeiro em suas Finanças Pessoais. Nesta perspectiva surgiu a concepção desse trabalho, que teve como objetivo principal analisar se os acadêmicos do curso de Bacharelado em Ciências Contábeis da Universidade Estadual do Piauí, campus de Picos, aplicam as técnicas contábeis no planejamento das suas finanças pessoais, bem como identificar o perfil socioeconômico dos discentes, verificando como os mesmos organizam suas finanças pessoais e como foram educados financeiramente, averiguando se existe um planejamento financeiro pessoal a fim de melhorar a utilização da renda obtida e por fim identificar a importância da Contabilidade e as demonstrações contábeis dentro das finanças pessoais dos discentes do curso supramencionado. A metodologia utilizada inicialmente no trabalho foi bibliográfica, através de livros e artigos que tratam sobre o assunto, posteriormente foi realizada uma pesquisa de campo através de questionário com perguntas fechadas sobre a temática apontada. Por meio dessa pesquisa, através da parte teórica e das respostas analisadas do questionário todos, os objetivos foram alcançados, ao concluir-se que os alunos apresentam um bom nível de conhecimento sobre o tema abordado.