Search

State government's role in monitoring local governments' fiscal distress gained importance after several local financial crises. Although many states have implemented state monitoring systems, the effectiveness of these systems has not been well understood. Using the case of the New York State, we conducted a regression discontinuity analysis to examine the effect of fiscal stress labeling on local governments. We find some evidence to support that fiscal stress labels lead local governments to improve their fund balance and cash positions. Specifically, school districts at the early stage of fiscal stress are more responsive to the labels than districts under more severe fiscal stress. [ABSTRACT FROM AUTHOR]

This article proposes an approach to the assessment of the financial condition of local governments by eliminating uncontrollable external environmental factors using cluster analysis. The author found seven clusters of provincial government, 13 clusters of regency government, and seven clusters of city government in Indonesia. The article provides evidence that clustering local government increases the effectiveness of analysis of financial conditions. The academic contribution of this article is generating cluster variables that are more comprehensive and relevant than those presented in previous studies. In addition, findings of this study can be used by authorities to develop local government financial management policies that are fairer. In a heterogeneous external environment, it is irrelevant and unfair if the central government applies a single financial management policy to all local governments. This article provides a solution in the form of a method to eliminate heterogeneous external environmental effects. The conceptual framework developed in this study can be adopted by countries with a high degree of local government heterogeneity to develop regional financial management policies, such as analysing financial conditions or financial management performance, which are more relevant, fair and accurate. [ABSTRACT FROM AUTHOR]

The aim of the study is to examine the relationship between the socioeconomic potential and the financial condition of regions (voivodeships) in Poland. The authors hypothesise that there is a linear relationship between the potential of regions, manifested by the wealth and economic activity of people living and entities operating in their area, and the income potential of these local government units, and thus their ability to meet the needs of the local government community. For the purposes of the analysis, eleven measures were selected from four areas, reflecting the social and economic potential of the regions, and seven measures of financial condition, reflecting the structure of their budget income and expenditure, as well as their selected values on a per capita basis. In connection with the above, the study used descriptive statistics methods, linear correlation r-Pearson, and the method of standardised sums (Perkal index) in order to typologise the studied entities.

The article is a theoretical and methodological study of risks as an important concept of enterprise management, highlighting the methodology of comprehensive risk analysis based on the criteria of the enterprise's financial condition. The essence and tasks of enterprise risk management and the place and role of analysis as a priority, all-encompassing functional component are highlighted. Analysis and assessment of the level of risks in statics and dynamics, using the integral function of the financial state of a multidimensional dynamic object, makes it possible to track the zones of unacceptable risk in the development of the enterprise. The calculation of the integrated assessment of the impact of risks on financial stability is carried out with the help of definitions of the outlined financial coefficients that characterize the potential of the financial state, the deviation from the normative and calculated values of which characterizes a certain level of risks of economic entities. The quantitative assessment of risks and the calculation of the comprehensive assessment were carried out according to groups of financial condition criteria - financial stability, liquidity, business activity, and profitability. Deviation from the normative value indicates the risk of disruption of the efficiency and financial stability of the enterprise under the influence of a number of factors of direct and indirect action. Determining the integrated assessment of risks for the researched period made it possible to follow the dynamics, identify the risks of enterprises and draw a conclusion about changes in their comprehensive assessments for all groups of criteria that are in the critical risk zone. The applied methodology allows for the development of measures and reasonable management decisions, which are taken in the short and long term to preserve the financial stability and efficiency of the enterprise. It is important to predict the prevention of risks to financial and economic efficiency and financial condition. [ABSTRACT FROM AUTHOR]

Copyright of Zeszyty Naukowe KUL is the property of John Paul II Catholic University of Lublin, Wydawnictwo KUL and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The results reported here proved the necessity of introducing financial controlling tools into the system of adaptive management of the company’s financial security, which is inextricably linked with technology transfer. The object of the study is the movement of technology with the application of any information on ensuring the implementation of financial controlling tools in the process of managing the financial security of enterprises. We analyzed theoretical approaches to adaptive management of financial security of enterprises. The principles, functions, and types of financial controlling were considered. The expediency of researching the financial security of enterprises using financial controlling as a functional system of adaptive management of deviations has been proven. A systematic approach was used to study scientific approaches to adaptive management of financial security based on financial controlling. Considerable attention was paid to the analysis of the functions and tasks of financial controlling under today’s unstable conditions of the economic development of enterprises. Using the method of system analysis, theoretical and methodological approaches to understanding the essence of financial controlling in the adaptive management of financial security of enterprises were evaluated. Peculiarities in the scientific approaches of various scientists regarding the essence of the financial security of enterprises have been revealed. The role and significance of adaptive management of the financial security of enterprises with the help of a modern toolkit of financial controlling, which consists of contractual obligations that make it possible to ensure an effective mechanism for making managerial decisions regarding the enterprise and its counterparties or other financial institutions, is revealed. The extended capabilities of the financial controlling toolkit are useful for analysts and enterprise managers to justify and improve the quality of adaptive management of the enterprise’s financial security in modern conditions of technology transfer. [ABSTRACT FROM AUTHOR]

The article is a theoretical and methodological study of risks as an important concept of enterprise management, highlighting the methodology of comprehensive risk analysis based on the criteria of the enterprise's financial condition. The essence and tasks of enterprise risk management and the place and role of analysis as a priority, all-encompassing functional component are highlighted. Analysis and assessment of the level of risks in statics and dynamics, using the integral function of the financial state of a multidimensional dynamic object, makes it possible to track the zones of unacceptable risk in the development of the enterprise. The calculation of the integrated assessment of the impact of risks on financial stability is carried out with the help of definitions of the outlined financial coefficients that characterize the potential of the financial state, the deviation from the normative and calculated values of which characterizes a certain level of risks of economic entities. The quantitative assessment of risks and the calculation of the comprehensive assessment were carried out according to groups of financial condition criteria - financial stability, liquidity, business activity, and profitability. Deviation from the normative value indicates the risk of disruption of the efficiency and financial stability of the enterprise under the influence of a number of factors of direct and indirect action. Determining the integrated assessment of risks for the researched period made it possible to follow the dynamics, identify the risks of enterprises and draw a conclusion about changes in their comprehensive assessments for all groups of criteria that are in the critical risk zone. The applied methodology allows for the development of measures and reasonable management decisions, which are taken in the short and long term to preserve the financial stability and efficiency of the enterprise. It is important to predict the prevention of risks to financial and economic efficiency and financial condition.

The COVID-19 pandemic reminded accountants and auditors of one of the most important concepts of modern accounting – the going concern assumption. Going concern refers to a company's ability to make enough money to stay afloat or to avoid bankruptcy. Based on the application of agency theory and signalling theory this study aimed to examine the influence of GCG practices, financial condition and company growth on the going concern of transportation and logistics service sector companies listed on the IDX. This study is associative research with secondary data obtained from the annual report on the IDX website and CGC reports. The data collected for analysis covers the period from 2019-2022. Going concern is proxied by going concern opinion with dummies 1 and 0. GCG practices are measured using disclosure quality based on the CG index covering GCG structures and processes and the performance of its issuers in terms of internal control units, remuneration, and Corporate Secretary. Financial condition is measured using the Altman Z-score prediction model. Corporate growth is proxied by calculating the sales growth ratio based on each corporation's profit/loss statement. The research sample is transportation and logistics service sector companies listed on the IDX in 2019-2022, amounting to 20 companies with a total observation data of 80. The data testing in this study uses logistic regression analysis to determine the predictive power of these financial ratios, which are the most dominant in determining whether a corporation will receive a going concern audit opinion. The researchers found that only financial condition significantly affects the company's going concern in this study. The negative coefficient direction means that transportation and logistics service sector companies that experience poor financial conditions still get a non-going concern opinion where management can convince stakeholders and auditors that they can still maintain their business sustainability. Meanwhile, good corporate governance practices do not significantly affect going concern because investors take into account many other factors to consider the sustainability of the company's business. Company growth also has no significant effect on going concern because companies with profit growth also do not guarantee that the company is free from financial problems that may affect its business continuity.

The study aimed to determine the levels of self-efficacy of student mothers in terms of emotional strain, time management, and financial condition to identify their coping mechanisms. The descriptive-correlational design was used in this study. The investigations were conducted at Notre Dame of Midsayap College on thirty-three (33) college student-mothers. A researcher-made questionnaire was used in data gathering. Frequency and percentage distribution, weighted mean and standard deviation, ANOVA, T-test and were used in treating the data. This study answered the following problems: (1) What is the socio-demographic profile of the respondents with regard to age, civil status, and income? (2) What is the level of self-efficacy in terms of emotional strain, time management, and financial condition? (3) What are the coping mechanisms of the student-mother? (4) Is there a significant difference in the levels of selfefficacy among student-mothers in terms of age, civil status, and family monthly income? (5) Is there a significant relationship among the levels of self-efficacy of student-mothers in terms of their demographic profile, and there was a significant relationship between the levels of self-efficacy and the coping mechanism of students? The study also revealed no significant difference between the demographic profile of the respondents and the levels of self-efficacy in student-mother, and there was a significant relationship between the levels of self-efficacy and the coping mechanism of a student-mother. [ABSTRACT FROM AUTHOR]

Throughout history, critics of democracy have doubted people's ability to govern themselves. For example, are local politicians – who often lack any formal training in accounting or economics – really able to comprehend complex financial information? Previous studies addressing this issue are in short supply, and their results are generally pessimistic. The aim of this paper is to test which – if any – financial indicators are related to local politicians' perceptions of financial conditions in the setting of Swedish municipalities, thus extending earlier studies to a European context. Our analysis shows strong and significant correlations between most of the financial indicators tested and politicians' perception of their municipality's financial condition, including financial indicators capturing the levels of net income, equity ratio and tax rates. These findings provide optimism and strengthen arguments for the defenders of democratic government. [ABSTRACT FROM AUTHOR]

Copyright of Journal Public Administration & Social Management / Administração Pública e Gestão Social is the property of Administracao Publica e Gestao Social and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of ConTexto is the property of ConTexto and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The objective of this study is to establish a decision-making algorithm for issuing green bonds by municipalities in inter-municipal cooperation in Lithuania with a focus on zero-waste projects. The research methodology comprises four parts. The first part of the research methodology corresponds to a literature review that examines the concept of inter-municipal cooperation and its development in different countries. The second part of the research methodology is dedicated to the formulation of the valuation approach for the inter-municipal cooperation possibility and approbation of it in the selected municipalities. The third part of the research methodology covers the development of the decision-making algorithm for issuing green bonds by municipalities in inter-municipal cooperation in Lithuania. The last part of the research methodology summarizes the results of the survey and proposals for its further development. The findings suggest that the selected municipalities for the valuation of inter-municipal cooperation possibility could improve municipal performance for better inter-municipal cooperation results. The results also show that a smaller municipality corresponds to moderate municipal performance, which can be expected in comparison to a larger municipality. The findings of the construction of the decision-making algorithm suggest a 12-step process for the issuance of green bonds in Lithuania. The practical implications of the study are based on the notion that findings can be applied by municipalities willing to issue green bonds, smaller municipalities having challenges finding financial sources, and municipalities in inter-municipal cooperation sharing the same goals. An original aspect of this paper is its study focus on inter-municipal cooperation valuation and the issuance of green bonds in the municipalities of a smaller country which can serve as a reference point for considering the potential issuance of green bonds in municipalities of similar size. [ABSTRACT FROM AUTHOR]

World financial crises have increased the number of bankruptcies in numerous countries and has resulted in a new area of research which responds to the need to predict this phenomenon, not only at the level of individual countries, but also at a global level, offering explanations of the common characteristics shared by the affected companies. Nevertheless, few studies focus on the prediction of bankruptcies globally. The aim of this paper is to conduct a literature review of corporate bankruptcy prediction models, on the basis of the existing international academic literature in the corresponding area. It primarily attempts to provide a comprehensive overview of literature related to corporate bankruptcy prediction, to investigate and address the link between the different authors (co-authorship), and to address the primary models and methods that are used and studied by authors of this area previously. [ABSTRACT FROM AUTHOR]

Economic entities involved in food production interact with a large number of counterparties and depend on their integrity. They have to check their potential business partners before cooperating. Contractual due diligence is a service provided by consulting and audit firms that use a variety of tools, e.g., databases and online services, to collect and analyze information. This research considered the main areas of contractual due diligence and assessed the tools involved. The authors used the common methods of comparison, generalization, and synthesis to describe the main due diligence stages and digital tools. Information about the counterparty was collected in three areas: legal capacity, financial position, and business reputation. The study focused on the stage of summary, analysis, and profiling. The authors determined the role of digital technologies at each stage, compared their performance, and defined their limitations. The research revealed the potential of various digital tools for contractual due diligence. The results may help due diligence experts to plan the profiling process.

The purpose of writing the article is to diagnose the indicators that characterize the level of financial security of the enterprise, as well as to analyze the factors that influenced their change. In the process of research, it was established that the financial security of enterprises is a determining factor contributing to their effective functioning. We established that financial security determines the limit state of financial stability in which the enterprise must be in order to implement its strategy, characterized by the enterprise's ability to resist external and internal threats. We examined that the situation that has developed in recent years at the enterprise contributed to the improvement of its financial condition and provision of financial resources. One of the most significant problems of ensuring the financial security of modern enterprises is the lack of analytical work to assess its reliability and level. The inability to assess existing threats to financial security leads to the impossibility of eliminating them, which ultimately causes the inefficiency of the company's financial activities. We substantiated that the main tasks of financial security are: building reliable financial control over compliance with the main parameters of financial security; creation of a favorable investment climate; creation of a unified state information field regarding threats to financial security; gradual introduction of indicators - benchmarks of financial security; transferring payments exclusively to monetary form and modernizing the functioning of the payment structure; promoting the increase of export of products; activation of development of financial and credit infrastructure, etc. We established that in order to ensure financial security at the enterprise and the ability to predict risks, there must be a system of financial security management bodies that must diagnose the state of the enterprise, forecast possible threats and take measures that will contribute to ensuring the stability and economic security of the enterprise as a whole.

This study was conducted to examine the factors affecting the level of disclosure of local government financial statements. The study uses the internal control system as a moderating variable. Local government financial reports in Indonesia were the subject of this study’s audit by the Supreme Audit Agency. The number of research samples used was 487 local/city governments in Indonesia for the 2021 period with purposive sampling as a sampling technique. In this study, the Structural Equation Model-Partial Least Square (SEM-PLS) Version 3 data analysis method was employed. Based on the test results, it was found that local government budget expenditures (β = 0.263; p < 0.05) have a significant effect on the level of financial statement disclosure. Meanwhile, financial condition (β = 0.173; p > 0.05) has no significant effect on the level of financial statement disclosures. The internal control system as a moderating variable can moderate the influence of local government budget expenditure (β = 0.263; p < 0.05) on the level of disclosure of financial statements, but cannot moderate the effect of financial condition (β = –0.073; p > 0.05) on the level of disclosure of financial statements. Local governments in Indonesia are expected to be able to further optimize disclosure in accordance with Government Regulations in the future. One of the approaches used by regional governments to execute financial report transparency is the use of information technology to satisfy social expectations more effectively and efficiently.

Background: South African district municipalities supply, inter alia, basic social goods in order to realise socio-economic rights and promote sustainable development in their local communities. This requires adequate funding, which may be in the form of own generated revenue and intergovernmental transfers. However, despite legislated functions, many district municipalities are regarded as financially distressed and unable to deliver on their constitutional mandates. Aim: This study sought to develop a sustainable differentiated funding model for district municipalities that will enable them to deliver on their constitutional mandates. Methods: This empirical study followed a positivist paradigm and used questionnaires to solicit the views of selected municipal officials from all district municipalities on the efficacy of the current funding model against the key principles that underpin a successful funding framework for South African municipalities. Results: The results of this study indicated that the funding district municipalities receive and generate is not in line with their constitutional mandates, which in turn, negatively affects their financial condition. Thus, there is a necessity to reconstruct the current funding model. Conclusion: This study recommends a clear specification of C1 and C2 district municipal powers and functions, and that the current funding model change from applying a blanket approach and rather consider the different geographical areas and circumstances for C1 and C2 district municipalities. Contribution: This empirical study contributes to the broader body of scientific knowledge on the local government financial governance by addressing the funding model for South African district municipalities in a practical manner.

The aim of the study is to examine the relationship between the socioeconomic potential and the financial condition of regions (voivodeships) in Poland. The authors hypothesise that there is a linear relationship between the potential of regions, manifested by the wealth and economic activity of people living and entities operating in their area, and the income potential of these local government units, and thus their ability to meet the needs of the local government community. For the purposes of the analysis, eleven measures were selected from four areas, reflecting the social and economic potential of the regions, and seven measures of financial condition, reflecting the structure of their budget income and expenditure, as well as their selected values on a per capita basis. In connection with the above, the study used descriptive statistics methods, linear correlation r-Pearson, and the method of standardised sums (Perkal index) in order to typologise the studied entities. [ABSTRACT FROM AUTHOR]

The purpose of the paper consists in diagnosing the level of the financial condition of the engineering enterprise using the neural network approach and providing a forecast of its level for the future. The paper emphasizes the importance of diagnosing the financial condition of Ukrainian enterprises under modern conditions. Methods of traditional financial analysis are considered. The necessity of using modelling to improve the quality and accuracy of the analysis is emphasized. An analysis of existing models for assessing the financial condition and bankruptcy of enterprises is carried out. Different types of models developed by domestic and foreign authors are considered: models built on the basis of multivariate discriminant analysis, based on fuzzy logic methods, and others. The use of neural network modelling for assessing the financial condition is substantiated. A neural network model of financial state diagnostics is built based on the financial data of an engineering enterprise. To decrease the domain of input data, the use of the "centre of gravity" method is proposed, with the help of which the number of input variables of the model is reduced to five. A model based on a multilayer perceptron is built with the help of a powerful neural network modelling tool (SSN). The neural network was trained by the backpropagation method. An assessment of the financial condition of the engineering enterprise PJSC NKMZ is made with the help of the model for 10 future periods. The proposed method of diagnosing the financial state allows the management of the engineering enterprise to predict the onset of a crisis state and develop a financial recovery plan. [ABSTRACT FROM AUTHOR]

The COVID-19 pandemic reminded accountants and auditors of one of the most important concepts of modern accounting - the going concern assumption. Going concern refers to a company's ability to make enough money to stay afloat or to avoid bankruptcy. Based on the application of agency theory and signalling theory this study aimed to examine the influence of GCG practices, financial condition and company growth on the going concern of transportation and logistics service sector companies listed on the IDX. This study is associative research with secondary data obtained from the annual report on the IDX website and CGC reports. The data collected for analysis covers the period from 2019-2022. Going concern is proxied by going concern opinion with dummies 1 and 0. GCG practices are measured using disclosure quality based on the CG index covering GCG structures and processes and the performance of its issuers in terms of internal control units, remuneration, and Corporate Secretary. Financial condition is measured using the Altman Z-score prediction model. Corporate growth is proxied by calculating the sales growth ratio based on each corporation's profit/loss statement. The research sample is transportation and logistics service sector companies listed on the IDX in 2019-2022, amounting to 20 companies with a total observation data of 80. The data testing in this study uses logistic regression analysis to determine the predictive power of these financial ratios, which are the most dominant in determining whether a corporation will receive a going concern audit opinion. The researchers found that only financial condition significantly affects the company's going concern in this study. The negative coefficient direction means that transportation and logistics service sector companies that experience poor financial conditions still get a non-going concern opinion where management can convince stakeholders and auditors that they can still maintain their business sustainability. Meanwhile, good corporate governance practices do not significantly affect going concern because investors take into account many other factors to consider the sustainability of the company's business. Company growth also has no significant effect on going concern because companies with profit growth also do not guarantee that the company is free from financial problems that may affect its business continuity. [ABSTRACT FROM AUTHOR]

The enterprise is the primary link of the economic system, the stability of which is an important condition for the effective development of the national economy. The sustainability of the enterprise covers a set of factors that allow it to achieve a controlled state of equilibrium and the ability for sustainable economic growth through effective management of activities. The main component of the company's stability is its financial condition, which ensures marketing and personnel stability, promotes the development of production and technical-technological stability, maintains investment stability, and increases the efficiency of the management process. The study describes a neural network-based approach to assessing the financial condition of enterprises, which enables the assessment of the enterprise's financial condition based on its annual financial reports with high accuracy (over 90 percent). The study examined different neural network approaches to analyzing financial data, including the use of different neural network types, training methods, and input parameter selection. The article also examines the influence of various financial indicators on the financial state of the enterprise and suggests using the most significant financial indicators as input parameters for neural networks. [ABSTRACT FROM AUTHOR]

The Diagnostic-Consultative centres' management teams can benefit from applying financial analysis methods. One of these methods is the calculation of Altman's Z-score. This analysis can be vital in guiding management decisions to improve financial stability and thus contribute to high-quality medical services. Our study aims to assess the financial stability of the diagnostic-consultative centres in Varna based on the calculation of their Altman Z-score. The study design includes all nine Diagnostic-Consultative centres (DCC) in Varna- 6 of which are municipally owned, two are privately owned, and one is state-owned. The study period is 2018-2021, and for each year of the period and each of the medical institutions, based on information from their financial reports, Altman Z-score was calculated. For one of the DCCs, with private ownership of the capital, the necessary information to calculate the indicator is missing, so it is excluded from the study. The results show that the DCCs with a Z-score lower than 1.8 for 2018 are five, four for 2019, and three for 2020 and 2021. For six of the eight analysed healthcare centres, the indicator's value increased over the period, and the financial situation improved and stabilised. The average value of the indicator for the whole group of medical institutions increases from 0.25 in 2018 to 2.84 in 2021. The indicators used in calculating the Z-score are critical in determining the financial health of medical institutions, so the dynamic of the Z-score is an essential indicator that the management of medical institutions should monitor. [ABSTRACT FROM AUTHOR]

Purpose: An attempt to evaluate the effectiveness of financial analysis tools used to assess financial health and to forecast bankruptcy. Methodology: The study used 31 of the most popular discriminatory models for bankruptcy prediction. The effectiveness of early warning models has been evaluated on the basis of financial data of economic entities operating on the territory of the Republic of Poland. The sample of the enterprises has comprised a total of 172 entities – both bankrupt and operating in good financial condition, located in 16 provinces. The data period was 2011-2020. The companies have represented various sectors of activity. Data was obtained from the Emis.com website. Findings: Most of the models used have been highly effective in forecasting. However, none of the methods has been 100% effective. It has also been noted that the models estimated on the basis of a sample of enterprises from only one sector, the so-called sector models allocated to the evaluation of a specific industry, have not had a significantly higher percentage of correct diagnoses than universal models. In the last analyzed period, the three most effective methods are the so-called universal models that can be used in the evaluation of companies from various industries. Practical implications: The results of the audit can be used, among others, in the assessment of the going concern of enterprises by business managers, business analysts, investors, and above all, statutory auditors when auditing financial statements. Originality/value: The study provides an answer to the question of which models are characterized by high prognostic effectiveness. In addition, the obtained results allow to resolve the issue of the usefulness of models created in the 1990s. The large size of the research sample allows for the generalization of the results and their wider application than has been the case in the literature on the subject so far. [ABSTRACT FROM AUTHOR]

The article is aimed at: establishing qualitative requirements for the content of information about a transaction, event or condition to which the professional judgment of an accountant is applied; development of an algorithm for considering sources of information when providing professional judgment; a thorough examination of IAS and IFRS and identification of cases where accountants should use professional judgment when choosing alternatives provided for in IFRS, as well as in cases not provided for by these standards, since normative regulation is not able to take into account many variable business situations. As a result of the study, the boundaries of the concept of «professional judgment of an accountant» are outlined and it is determined that professional judgment can be considered one of the important tools for regulating accounting in realizing its main goal – the formation of reliable and complete information about the financial condition and financial activities of an economic entity, as well as a tool that allows timely and adequate response to the changes that taking place. Qualitative requirements for the content of information about a transaction, event or condition to which professional judgment is applied are established; an algorithm for considering sources of information in providing professional judgment is developed; cases of application of professional judgment under IAS and IFRS are defined. This will lead to an increase in the quality of reporting of the enterprise, will allow the accountant to manage financial statements, make it useful for analysis and management. Prospects for further research in this direction are as follows: determination of classification features of professional accounting judgments; establishing the format and content of risk disclosure in the accounting (financial) statements; identification of trends in the basic indicators of the financial condition of organizations depending on the professional accounting judgment formed in the process of establishing accounting policies.

Data regarding the efficiency of an enterprise are grouped and analyzed by means of Python programming language, for the example of enterprises of the OKVED 28 class (as defined by the Russian OKVED classification of economic activity). Recommendations are made on the basis of the analysis. [ABSTRACT FROM AUTHOR]

The goal of this paper is related to the analysis of the earnings per share growth and the financial condition of companies as measured by Altman Z-Score Model and their relation. The research has been carried out on the example of S&P500 Index listed companies. The correlation and OLS panel data models with fixed effects were tested. The results indicate that the relationship between the EPS growth and Altman Z-Score is not linear and the smaller the company, the higher its growth index. In most of cases the growth of EPS influenced the Altman Z-scores in a positive way. On contrary in the group of medium size companies, EPS growth influenced the financial condition in a negative way. The article fills the gap related to the growth, the size and financial condition of the company that can improve if the management of growth is efficient. [ABSTRACT FROM AUTHOR]

This paper examines the moderating effect of financial conditions on the influence of tax knowledge on tax compliance behaviour among SMEs in Tanzania. A cross-section survey of 377 SMEs-Owners was conducted in three regions of Tanzania - Dar es Salaam, Morogoro and Mbeya. Descriptive and partial least square path modelling were used for data analysis, with the aid of SPSS and SmartPLS3.0. The findings of the study supported the hypothesised direct relationship that tax knowledge has a significant positive influence on tax compliance behaviour among SMEs in Tanzania. The findings imply that SMEOwner managers who possess greater tax knowledge demonstrate high tax compliance behaviour compared to those with less tax knowledge. Moreover, the financial condition of SMEs was found to have a positive significant moderating effect between tax knowledge and tax compliance behaviour among SMEs in Tanzania, implying that the existence of strong financial stability among SME-owners combined with tax knowledge increases SMEs tax compliance behaviour compared to those with limited financial resources. Thus, the government, through the Tanzania Revenue Authority, is advised to enhance taxpayer education initiatives, especially for SMEs, which may result in improving the level of tax compliance behaviour and institute generous compliance measures during difficulty financial conditions. [ABSTRACT FROM AUTHOR]

This study offers lessons for overcoming future economic crises by examining whether democratic management helped local governments recover their financial condition. During the Great Recession, local governments were forced to make painful decisions regarding increased taxes and user charges, and cuts in public services. Several case studies provide evidence that citizen participation allows localities to increase property taxes as well as cut public services. However, broader, systematic empirical research is lacking. This study found that local governments with participatory budgeting were more likely to improve their financial condition during the Great Recession. The results allow us to identify the role of citizens in fiscal decision-making, offering lessons on how local governments can overcome possible fiscal crises in the future.

Russia’s invasion of Ukraine has caused many social, economic, environmental and energy problems. Most business entities faced problems at the national level that affected their financial and economic activities. The mass departure of workers abroad, rising natural gas prices, internal relocation, and constant shelling force business entities to search for new approaches to the management and development of their enterprises. The purpose of the study – substantiate and test the scientific and methodological approach to achieving energy independence of economic entities as a way to avoid their insolvency in times of war. In the course of the study, a critical analysis of the thematic literature was performed, and a set of general scientific and special research methods was used: expert assessments, observation, analogy, grouping, obtaining a consensus, deductive, inductive reasoning, systematisation, system-functional, measurement, analysis, comparison, logical generalisation, systematisation, hypothesis, a repeated combination of independent scenarios, extrapolation, elasticity estimation and graphical. The study identified the consequences of the military invasion of Ukraine and developed an algorithm for actions during the war. Four scenarios have been identified, under which the investigated business entity can solve the urgent problems. It is substantiated that the best scenario is the one in which it is required to increase its production capacity by setting up a “full cycle” production using a continuous pyrolysis system for the recycling of worn-out tires. The rationality of its use is proved. The scientific and methodological tools for interaction between business entities and the state during the war have been improved based on a systematic approach, which, unlike the existing ones, deepens the significance of shifting the centre of gravity from the macro to the micro level and is based on the proposed algorithm of actions (identifying the problem, developing possible scenarios for its immediate solution, compliance of the chosen scenario with the national interests of the state, finding a source of funding for the implementation of one of the scenarios), which determines the most optimistic scenario of the balance of interests between the state and business entities. The practical value of the proposed lies in the identification of economic, social, environmental and energy efficiency of the developed algorithm of actions in practice, on the example of financial and economic activities of the entity. Such an approach, on the one hand, allows for achieving energy independence soon and is a way to avoid the insolvency of economic entities in the conditions of war. On the other hand, it should become a reliable base for the national economy in the period of post-war reconstruction

The article discusses the analytical aspects of crisis reporting relevant in the conditions of uncertainty and crisis manifestations in the economy, reflected in the indicators of financial statements, unprofitability of activities, in trends of indicative analytical indicators. Some analytical aspects of crisis reporting have been considered, expressed in the presence of negative absolute indicators in reporting, in the frequency of occurrence and negative dynamics.The indicators of a crisis situation, absolute analytical indicators, include insufficiency of own working capital, the presence and proportion of own working capital. It is a criterion indicator of the financial condition as a whole; its insufficiency may indicate an unstable position of the organization; the insufficiency of net working capital and its negative value signals the unsatisfactory solvency and liquidity of the organization, the unprofitability of production activities; the negative value of the balance of cash flows reflects the current insolvency and financial problems in the organization, indicates the absence of temporarily free funds in the organization; the insufficiency of net assets indicates an unstable situation, the negative dynamics of the indicator indicates a deterioration.In crisis reporting, unprofitability of activities is reflected in the appearance of various losses and the presence of negative analytical relative indicators, which are indicative. In a trend economy, monitoring and their impact on the financial position of an organization is a necessary tool.In analytical practice, there are difficulties in reading and understanding trends in the presence of losses in various periods of activity. The variability of economic situations in the presence of unprofitable activity has been considered; the conditions for trends in balance sheet profit (loss) in diagnosing the financial situation have been justified from the point of view of the laws of statistics and economic analysis.

The article examines the theoretical foundations of financial stability and stability of a banking institution, examines the main interpretations of approaches to defining the concept of "financial stability". The relationship between the concepts of "financial stability" and "financial stability" was studied, and as a result, it was determined that ensuring the financial stability of banks is the basis of a stable banking system, a key to the success of economic transformations and macroeconomic development. Indicators of financial stability and financial stability of the bank, using JSC CB "Privatbank" were studied as the main object of the study. In order to analyze the financial stability of JSC CB "Privatbank", its financial statements were examined and the reliability coefficient was calculated; financial leverage ratio; the coefficient of participation of equity capital in the formation of assets; capital multiplier factor. The paper calculates the stability and stability indicators of the bank. For a generalized comprehensive assessment of the bank's activity, an integral indicator of the bank's financial stability was calculated using data from the financial statements for 2020-2022. As a result of the study, a methodology for assessing the financial stability and stability of the bank was determined, which takes into account the versatile aspects of the bank's activity by selecting parametric coefficients The article examines the stability of JSC KB "Privatbank" in modern conditions of risks and losses during the martial law in Ukraine. In order to study the influence of the current conditions of martial law on the stability of the bank, the calculation of the coefficients of financial stability was carried out for the period of January-September 2022. The calculation of financial stability was carried out based on the analysis of the general coefficient of stability, the coefficient of instant liquidity, the cross coefficient, the general coefficient of liquidity, the coefficient of capital protection, the coefficient of capitalization of profit. The study analyzed the stability of the bank based on the results of the calculations. In general, the indicator of the financial stability of the bank is not sufficient for stable functioning, the bank is recommended to pay attention to indicators that have an impact on the financial stability of the bank to increase stability, such as: equity, working and liquid assets, liabilities, both short-term and long-term , authorized and protected capital.

The relevance of this study is conditioned upon the special importance of accounting reports in financial performance assessment of organisations that form the basis of the agricultural sector of the state and the need to find effective ways to improve the procedure for conducting such reporting activities and improve its quality. The purpose of this study is to analyse the principal areas of accounting for the financial aspects of the activities of modern agricultural enterprises. The leading research methods are systematic analysis, analytical comparison, and synthesis. The theoretical framework of this study included the papers on the pressing issues of accounting and analysis of financial results of agricultural enterprises, in the context of assessing profits and losses of these structures. The grouping of financial results by the composition of the elements that form them were considered. The main indicators used to assess the financial stability of an agricultural enterprise are availability of net working capital, coefficient of autonomy, manoeuvrability coefficient, ratio of borrowed and own funds, coefficient of provision of net working capital, financing ratio, financial stability coefficient. The types of current financial stability are absolute, normal, unstable financial condition, budgetary crisis. The real opportunities to improve the procedure for keeping financial statements at enterprises of the agricultural sector of the economy were found, especially in the field of assessing the profits received by these organisations during their activities. The results and conclusions of the article are important for representatives of accounting departments of agro-industrial enterprises, and for representatives of government agencies controlling their activities. It was concluded that there is no single method for assessing the financial condition

Going concern is an accounting term used to describe a business that is expected to operate for the foreseeable future or at least the next 12 months. The concept of going concern is particularly relevant in times of economic difficulties and in some situations auditor may determine that a profitable company may not be a going concern, for example because of significant cash flow difficulties. This research aims to study the influence of audit quality, financial condition and earnings management on the auditor's opinion on going concern with corporate mechanism as a moderating variable. This study analyzes data from the financial statements of 49 manufacturing companies listed on the Indonesian Stock Exchange in 2018-2020. The results of this study provide empirical evidence that giving a going concern audit opinion by the auditor is not based on the quality of the auditor because he acts in accordance with auditing standards. Financial condition and earnings management have a significant effect on the going concern audit opinion. When a company experiences a bad financial condition, it is very likely that it will receive a going concern audit opinion because there are signs of difficulties in maintaining the viability of its business. The corporate mechanism is able to moderate only the influence of financial condition on the going concern audit opinion. Thus, the auditor's opinion on going concern based on analysis of financial reporting data is important for investors and other interested parties who want to be sure of their decisions.

The article evaluates Czech and Slovak sugar companies in the process of transformation and abolition of quotas on the European sugar market. The assessment considers the payment behaviour, financial health and condition. Sugar companies in the Czech Republic and Slovakia had a low probability of bankruptcy before the beginning of 2019 and subsequently in 2020. They have maintained good payment behaviour towards their customers; they were financially stable entities. A deterioration in the sector’ valuation and significant changes in the sugar market may have a negative impact. The likelihood of maintaining sugar production at current levels and maintaining financial health, solvency and payment discipline in the period ahead remains high. [ABSTRACT FROM AUTHOR]

Copyright of Research Papers of the Wroclaw University of Economics / Prace Naukowe Uniwersytetu Ekonomicznego we Wroclawiu is the property of Uniwersytet Ekonomiczny we Wroclawiu and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Cash flow management is a key aspect of an enterprise's activity, as it is used to regulate all spheres of activity of a business entity, therefore issues related to the effectiveness of this process are of great relevance. The article substantiates the theoretical basis, develops a methodical approach and practical proposals for improving the cash flow management system. The object of the study was the company's cash flow management processes. The subject of scientific research was the theoretical, methodical and applied aspects of cash flow management of the enterprise, as well as modern methods of its optimization. An economic-mathematical model of multi-game optimization of the company's cash flows has been developed, which allows you to accumulate the necessary stock of cash assets in periods of high business activity and direct them in such a way that planned and necessary payments are made during the period of shortage of funds. The main criterion of the proposed model of cash flow optimization is the maximization of net cash flow from operating activities, which should ensure the development and expansion of the enterprise's activities on the basis of self-financing due to the growth of the areas of activity. According to the proposed model, the optimal balance of cash assets, insurance, compensation and current stock of cash assets for a specific enterprise is determined. The proposed model makes it possible to accumulate the necessary stock of monetary assets in periods of high business activity and to direct them in such a way that in the period of shortage of funds, planned and necessary payments are made, as a result of the implementation of the model, it becomes possible to avoid attracting credit resources and related expenses, while receiving additional profit from investing temporarily free funds. The information base of the study was made up of the fundamental theoretical provisions of economic science in the field of enterprise cash flow management, researched in the works of outstanding domestic and foreign economists, legislative and regulatory acts of Ukraine, government decisions and resolutions, N(S)BO, P(S)BO, financial reporting of Urozhai LLC.

The paper presents the results of studies of the current state, significant trends, development potential, and funding sources of the wine industry in the Russian Federation. At the regional level, economic, natural (soil and climate), and anthropogenic factors are identified as the main factors that determine the potential for the development of viticulture and winemaking in the current conditions. The research identifies the fundamental aspects of government support for viticulture and winemaking. The paper analyzes conditions for developing the wine industry in Crimea and Sevastopol, including the financial component. In particular, the paper examines the results of analytical calculations of the financial leverage ratio for the most prominent winemaking enterprises of the Crimean Peninsula. The government support measures for the Crimean winemaking enterprises in terms of increasing the availability of long-term loans have been analyzed. The paper explores significant trends in the development of the Crimean wine industry as a whole and long-term loans to the local enterprises. The authors propose an economic and mathematical model for quantifying the cumulative effect of the following essential factors on consumer satisfaction with the price-quality ratio of wine products. One assumes that this model can form the basis for assessing the potential for developing the viticulture and wine industry at the regional level in the Russian Federation. Considering the results of the source research and financial and economic analysis carried out in the field, the paper aims to reveal the primary features and issues of the development of enterprises in the wine industry of Crimea and produce optimal solutions. The paper attempts to formulate a proposal on the expediency of using the presented research results, including a model analysis of the influence of a combination of significant factors on the development of viticulture and winemaking in the regions and develop recommendations for restoring the sustainability of wineries in modern conditions and prolonging the program of further research.

The purpose of the article is to generalize the essential content of the concept of "financial condition ofenterprise" in terms of its constituent components; analyze the main indicators of the financial condition of small enterprises of Ukraine, determine the major tendencies during 2017–2020; substantiate the importance of analyzing their financial condition; draw attention to the relevant problems of small business in modern conditions. The article analyzes the current financial condition of small enterprises of Ukraine for the period 2017–2020. Analyzing, systematizing and summarizing the scientific works of scholars, the approaches to defining the concept of "financial condition" of the enterprise were considered. As a result of the research, the financial condition of small enterprises of Ukraine was analyzed and assessed; the main problems of their activity are highlighted. It is substantiated that the validity of managerial decisions directly depends on the objectivity and timeliness of information about the financial condition of the enterprise. The effective operation of enterprises requires constant control over the receipt and use of financial resources, strict adherence to the disciplineof financial settlements, formation of the optimal ratio between own and borrowed funds, ensuring financial sustainability and solvency.A thorough and timely carried out analysis of the financial condition of the enterprise allowsto see the objective state of its activities, identify problematic aspects, respond to challenges in a timely manner, anticipate and minimize business risks and make the right managerial decisions

Identifying the characteristics of Indonesian local governments that disclose financial statements looks relevant in order to find out the reasons for local governments in making policies to disclose financial statements. This study aims to examine whether financial condition, financial independence and political competition have an effect on the disclosure of financial statements in local governments, particularly districts/cities in Sumatra, Indonesia. A sample of 151 districts and cities on the Indonesian island of Sumatra were used in this quantitative analysis. The use of cluster sampling due to the implementation of accrual accounting based on the government regulation No. 71 of 2010 is applied in all districts/cities in Sumatra and has the same characteristics. The data analysis technique used in this study is a multiple linear regression with the SPSS test tool. The results reveal that factors influencing the financial statements disclosure is influenced by financial conditions (β = 0.095; p < 0.05), financial independence (β = 0.069; p < 0.05), and political competition (β = 0.038; p < 0.05). Overall, the results show a strong conclusion regarding the factors that affect the financial statements of the Indonesian government. The findings of this investigation can be a useful consideration for local governments in improving the quality of their external communications and improving public governance.