Current Financial Condition Research Articles

An Examination of Moderna

Understanding the COVID-19 response for Moderna, a biotechnology company based out of the United States, and compiling the current outlooks regarding vaccinations, development of a diversified product line, and garnering a competitive edge in the biotechnology space is a costly endeavor Moderna is attempting to transverse. Declining revenues, rising costs, and low sales of Moderna's current product have deteriorated the value base. The recent increase in share price is motivated by anticipation of a potential avian flu outbreak and response. This study attempts to shed light on the current financial condition of Moderna.

Police-involved killings and economic sentiment of black households

ABSTRACT Using an event study design, we find that Black people became more pessimistic about their current household financial condition in response to highly publicized incidents associated with police-involved killings of unarmed black people. These effects were strongest among Black women.

Penerapan Laporan Keuangan Berdasarkan Standar Akuntansi Keuangan Entitas Mikro Kecil dan Menengah (SAK-EMKM) Pada UMKM Pentol Kabul

SAK EMKM is expected to assist entities in transitioning from cash-based financial reporting to accrual-based financial reporting. The issuance of SAK EMKM is expected to serve as one of the drivers of financial literacy for MSMEs in Indonesia, thus widening their access to financing from the banking industry. Financial statements are records of financial information of a company during an accounting period that explain a company's performance. The purpose of financial statements according to PSAK 1 (Revised 2009) is to provide information about the financial position, financial performance, and cash flows of an entity to assist most users of the financial statements in making economic decisions. SAK-EMKM contains simpler accounting regulations than SAK-ETAP because MSMEs conduct transactions with calculations and measurements that purely use historical costs. The type of research method used is descriptive qualitative method. Describing the current financial condition of MSME players. As well as conducting a simple financial statement preparation analysis for MSME players. This study produces financial statements for Pentol Kabul MSMEs that comply with SAK-EMKM standards, including balance sheets, income statements, and notes to the financial statements.

Pengembangan Usaha Kue Bolu Coklat Brownies Sq-Five

Dessert boxes are one of the dessert (cake) snack products that are currently in great demand among consumers. Sweet foods arranged in transparent boxes usually consist of several layers. such as sponge cake, sweet cream, a pinch of cocoa powder, dry cakes as decoration. The aim of this business is to gain experience by learning entrepreneurship while making a profit, giving motivation to the young generation of Indonesia to always have ideas to produce a product that has value. benefits for himself and the community, enlivening the culinary variety. add to the creation of a special food menu, the raw materials used are easy to get. And the aim is to find out the current financial condition of the business or business and to see the impact of the business on the community economy together.

The use of an indicative method to identify threats and risks to the financial security of an organization

The article attempts to analyze and evaluate the financial security of an organization using an indicative method. In modern conditions, the stability of the national economy is particularly dependent on the stability of economic entities, therefore, the issue of ensuring the safety of organizations from internal and external adverse factors is particularly acute. Financial security is one of the most important components of the economic security of an organization, for this reason, maintaining the financial security of an enterprise is considered a priority in the field of economic security. One of the most popular methods of assessing the level of financial security is the indicative method,according to which financial security indicators are calculated, and then compared with their threshold values. Using this method, an assessment of the current financial condition of the organization was carried out, the main threats and risks of economic activity were identified. An information and analytical system for ensuring financial security is proposed, which makes it possible to organize an integrated approach to the processes of modeling the development of an organization in all major financial aspects, to minimize risks and threats arising in the process of financial activity.

Assessment of clean audit outcomes as an effective determinant of good service delivery: a case study of Midvaal Local Municipality

The Office of the Auditor-General in South Africa conducts audits of local government institutions, among other public-sector entities, to assess the current financial condition of municipalities and provide audit opinions for a certain fiscal year. Municipalities are obligated to maintain clean audits to avoid financial fines. However, the significance of clean audit outcomes lies in their ability to ensure successful service provision to the citizens. The Auditor-General's municipal audit findings reveal that several municipalities obtain clean audits, notwithstanding their inadequate performance in terms of service delivery. South Africa has a few municipalities that have successfully achieved desirable audit outcomes, with Midvaal Local Municipality being a notable example of consecutive clean audits. This study aims to evaluate whether the clean audit outcomes of Midvaal Local Municipality may serve as reliable indicators of effective service delivery within the municipality. The article utilizes a literature review and an online qualitative questionnaire survey with open-ended questions as approaches for collecting data. The article's findings highlight that the municipality has implemented effective management processes, also known as internal controls, which enable Midvaal to deliver services to its citizens in an effective and efficient manner. This management techniques may effectively determine the quality of service delivery within the municipality. They have a favorable impact on the municipality's financial viability, which directly results in clean audit conclusions.

Manajemen Keuangan Rumah Tangga: Pengenalan Pengelolaan Keuangan Pada Ibu-ibu Peserta Program Keluarga Harapan (PKH) di Kelurahan Kroman, Kecamatan Gresik, Kabupaten Gresik


 
 
 
 
 Abstract
 
 Household financial management is an important thing to do in managing finances. Household Financial Management is the process of managing income, expenses, investments and savings in the family to achieve short-term and long-term financial goals. This introduction to financial management is important for PKH participant mothers so that financial conditions are better so that PKH participant mothers can have financial independence. The participants in this introduction to financial management were PKH participants in Kroman village, Gresik district, Gresik regency. This introductory activity begins with a presentation on the importance of household financial management, followed by a presentation and joint practice on managing household finances in a simple way that PKH participant mothers in the Kroman sub-district can do independently and easily remember. The results of this introduction to finance activity are that PKH participant mothers understand better that income and expenses should be calculated so that they can analyze the current family financial condition. In addition, PKH participants in Kroman district know that debt in the family cannot exceed the financial condition limit.
 
 Keywords: , Financial Management, Income, Expenditures, PKH Gresik
 
 
 
 

Как разработать финансовую стратегию компании на основе методов оценки бизнеса

The article explores the possibilities of using business valuation in the system
 of the financial strategy for the development of an enterprise, analyzes approaches
 to managing the value of an enterprise. It is concluded that the value of a business
 is an indicator of its financial stability, since it takes into account not only profitability, but also the risks associated with its activities. Knowing the value of a business allows you to determine the goals and objectives of the enterprise, as well as choose the most optimal financial instruments to achieve your goals. The stages of economic development of an enterprise are determined on the basis of an indicator of its market value for making managerial decisions, ensuring the sustainable development of an enterprise in the conditions of a balance of factors that form the value of an enterprise. As a result of the study, an algorithm for developing a company’s financial strategy based on business valuation methods was proposed. The choice of financial strategy is proposed to be carried out using a matrix approach that reflects the relationship between the results of business valuation and its current financial condition.

Issues of evaluating and improving the efficiency of the chemical industry company in the context of digitalization (using the example of EuroChem-Belorechenskiye Mineral Fertilizers LLC)

The presented article evaluates the activities of the mineral and chemical company LLC EuroChemBelorechenskiye Mineral Fertilizers (LLC EuroChem-BMU), examines the main trends of digitalization in the economy and their impact on improving the efficiency of the company. The analysis of financial statements, analysis of solvency and liquidity indicators, as well as financial stability and efficiency of asset use was carried out. The potential of the company, its strengths, weaknesses and threats that may affect the effectiveness of the activities of EuroChem-BMU LLC are evaluated. The analysis of the company's financial and economic indicators makes it possible to determine its current financial condition, as well as to identify opportunities for improving its financial and economic indicators in the conditions of digitalization of the economy. As a tool to improve the efficiency of EuroChem-BMU LLC, it is proposed to introduce 1C:ERP, a Russian software product for building complex information systems for managing the activities of organizations instead of the imported SAP product.

Efficiency of managing regional economic development in wartime (Ukrainian experience)

Each state has its own regional peculiarities, just as each state should take all possible measures to ensure the uniform and efficient economic development of each of its regions, in accordance with the existing potential and the infrastructure already in place. In order to develop measures for effective management of the economic development of regions, it is necessary to conduct a retrospective analysis of statistical data, which will allow to identify the peculiarities of their current financial condition and group them by the degree of development. Accordingly, the purpose of the study is to determine the optimal approaches to ensuring the effectiveness of regional economic development management, taking into account the martial law in Ukraine. The performance of regional enterprises, investment volumes and output are largely determined by market mechanisms and incentives that support concentration processes and lead to the growth of spatial disparities within Ukraine. The uneven development of regions, especially under martial law, may exacerbate social and demographic problems, which will complicate economic recovery after the end of hostilities. The study identified the main directions of regional development, according to their belonging to a particular cluster, and formulated recommendations aimed at improving the economic efficiency of the regions.

ОКРЕМІ АСПЕКТИ ЕФЕКТИВНОГО УПРАВЛІННЯ ДЕБІТОРСЬКОЮ ЗАБОРГОВАНІСТЮ В УМОВАХ НЕВИЗНАЧЕНОСТІ СЕРЕДОВИЩА

Accounting for receivables in modern realities is an important area of work, since the current financial condition of Ukrainian enterprises in recent years is characterized by it’s increase in the structure of assets, which leads to slowdown in the volume of payments. For this purpose, the article defines the essence of receivables and specifics it’s accounting in modern conditions. Conducted horizontal and vertical analysis of receivables by the number of employees by types of economic activity for 2021. As a result, we can say that almost 65% of all receivables in 2021 were accumulated at enterprises with the number of employees up to 9 people and 250 or more people. At small enterprises, the share of receivables in 2021 is 29.2%, which is explained by those that small businesses are vulnerable to macro-financial disturbances and experience significant difficulties in solving the problem of debt collection in conditions of liquidity deficit. The largest centers of debt concentration in Ukraine in 2021 were industry and wholesale and retail trade, which accounted for 32.71% and 30.55% of the total amount of receivables in Ukraine. The shares of enterprises of other types of economic activity in the structure of receivables of Ukraine in 2021 did not exceed eight percent. Defined the main tasks of managing receivables. Based on the main tasks constructed the model of management of receivables at enterprise, which depends on the development strategy and credit policy of enterprise. According to assigned tasks given a set of management measures accounts receivable.

Literature Review: Diferensiasi Efek Current Ratio dan Profitability Ratio pada Harga Saham Perusahaan

Financial ratios are useful for predicting a company's financial difficulties, operating results, current and future financial condition of the company, as well as a guide for investors regarding past and future performance. The current ratio and profitability ratio in the form of Return of Assets are the ratios used in the company's financial statements. The results of this report serve as a guide for investors in assessing the company so that it influences the company's stock price. The method used is a literature study by reviewing various related studies recorded in Mendeley references and Google Schoolars both nationally and internationally. The results of this study were analyzed, and used as material for discussion to determine answers to problems regarding the relationship between the current ratio and profitability ratio on the company's stock price that struggles with firm value. All ideas from each study provide information about the methodologically desirable theory of the study being analyzed. The results explain that there is a relationship between the current ratio on stock prices and return on assets can be used as a basis for determining the level of company profitability. Therefore, it is affected by the positive and significant influence between the current ratio and the profitability ratio on stock prices.
 Keywords: Current Ratio, Return of Assets, Profitability Ratio, Stock Price

АНАЛІТИЧНЕ ЗАБЕЗПЕЧЕННЯ УПРАВЛІННЯ КАПІТАЛОМ ПІДПРИЄМСТВ

The article examines the issue of analytical support for enterprise capital management. A model of the methodology of capital analysis is presented according to the identified directions and the indicators and methods of their research selected for each of them. The main attention is paid to: analysis of the availability and structure of capital; analysis of the efficiency of the use of the enterprise's capital; factor analysis of the availability and efficiency of the use of the enterprise's capital; optimization of the capital structure of the enterprise; searching for reserves, improving the composition and structure of capital, increasing the efficiency of its use and ensuring sustainable economic growth and financial security of the enterprise, as well as forming proposals for the practical implementation of attracting the identified reserves. It is noted that the presented model of capital analysis will allow: to effectively organize the analytical process regarding the availability and efficiency of the use of the enterprise's capital, optimization of its structure; to provide substantiation of reserves for improving the composition and structure of capital, increasing the efficiency of its use to ensure economic growth; investigate measures for the practical implementation of identified reserves and form alternative proposals for the selection and adoption of appropriate management decisions. The model of capital analysis was tested on the example of a specific enterprise - FG "Novosynivske" of Khmelnytskyi region, where the composition and structure of sources of property financing were evaluated; the composition and structure of the company's own capital, as well as indicators of the security and efficiency of the use of the company's own capital. Such an analysis aims to: assess the current and prospective financial condition of the enterprise, that is, the use of capital; justify the possible and acceptable rates of development of the enterprise from the point of view of providing them with sources of financing; identify available sources of funds, evaluate rational ways of mobilizing them; identify all possible risks when using loan sources of financing; justify the processes and algorithm of capital structure optimization; predict the company's position on the capital market. It is expedient to carry out at a specific enterprise, it can be carried out with the help of various types of models that allow structuring and identifying the relationships between the main indicators.

Financial Health and Self-Sustainability of a Small European Football League: The Realities of Top-Flight Croatian Football

This study aims to evaluate the financial health of Croatian top division clubs, locate their primary source of funding, and assess their capacity for self-sustainability. To conclude the current financial condition and long-term (un)sustainability of Croatian club football, selected financial categories and ratios for HNL clubs from 2018 to 2021 were compared with UEFA benchmarks. The horizontal financial analysis results were presented in aggregate league- and individual club-level form and compared to other leagues, averages, and UEFA recommendations. The research revealed significant operating losses covered by net transfer income, unacceptable high wage-to-revenue ratios, and inferior operating margins. Financial stability should not be upheld only as a means to an end for UEFA licensing but for the long-term viability of every football club and the community in which it is embedded. A focus on long-term internal, organic development (i.e., investing in academies, infrastructure, technology, and human capital, as well as actively supporting young players in the first eleven) can yield an edge against more prosperous competition. Without it, top Croatian clubs will eventually realize that the stream of talented players will thin out and, with it, the golden vein that keeps them financially alive.

Product Innovation Paradigm of Modern Entrepreneurship

Purpose: The work is devoted to quantifying the main dependencies and contradictions between the introduction of innovation and corporate development of modern entrepreneurship forms. Methodology/Approach: In this study, the main analysis method is the use of fuzzy knowledge bases to select the best management practices. The research allows one to understand the impact of innovation on the effectiveness of business models and what ways in management can be used to increase resilience to the influence of external factors. Findings: The creation of new combinations of practices based on the knowledge base makes successful management of an enterprise’s innovative development. To form a base, the results of global surveys and ratings of enterprises-leaders of innovative development became the basis. Research Limitation/Implication: The study examines some aspects in the innovation management of enterprises in Canada. Canada’s own specificity of innovative activity management caused the interest of research. Namely, an innovative society is being formed there based on a high level of education and knowledge, allowing higher rates of the country’s development. Originality/Value of paper: The paper examines the current economic and financial condition of innovative enterprises in Canada and the need to change the financial and economic policy to form a strong competitive position, in times of crisis and further economic growth. The results of this study can be applied in modern entrepreneurship, regardless of the scale of business.

Analysis of the Company's Cash Flow Statement Kopinian Café

Café is a very popular place for young people today, so many entrepreneurs open up opportunities in this business, but seeing a promising market, entrepreneurs still find it difficult to manage their financial reports. Financial reports are important for a company to know the financial condition of the business being run, and the preparation of non-detailed financial statements will also have a big impact on the company, which causes difficulties in developing a business and including investment capital. With the existence of financial reports on. This writing aims to help the company "Kopinian" Café improve company performance by identifying the company's current financial condition. The cash flow statement method is sourced from the income statement and balance sheet report. This statement of cash flows is prepared with three business activities: cash flows from operating activities, investing activities, and financing activities. Kopinian Café has good management performance, shown by companies that can ideally pay current debts, pay liabilities, and manage inventory turnover.

Agricultural Insurance Market Analysis: Regional Aspect

To date, one of the priority tasks of the development of the agro-industrial complex is the formation of a mechanism for the timely identification, prevention and prevention of various entrepreneurial risks associated with the activities of agricultural producers. Insurance is the most effective tool for effective management and mitigation of adverse effects of various types of agricultural risks. The article presents the results of the study of the functioning of the mechanism of agricultural insurance with state support, as well as the impact of agricultural risks on the level of financial stability of agricultural producers. An analysis of the current financial condition of agricultural organizations of the Stavropol Territory was carried out, the financial results of their activities, measures of state support for farmers were considered. The classification of insurance risks, the methodology for calculating insurance premiums, insurance programs are considered. The subject of the study is a risk system at the level of agricultural producers. The information base was the official data of the Federal State Statistics Service, the Central Bank of the Russian Federation, statistical information on the implementation by members of the NSA of agricultural insurance carried out with state support. The scientific novelty of the study consists in the development and systematization of mechanisms for reducing the risks of agricultural producers.

Pengaruh Kinerja Keuangan dan Nilai Pasar terhadap Harga Saham: Studi pada Perusahaan yang Secara Konsisten Terdaftar sebagai Indeks LQ45 Selama 2020-2021

Abstract: Purpose: Assessment of the company's financial performance often uses financial ratios, because financial ratios can provide information on the company's past and current financial condition. Information about financial performance has quite an effect on stock prices because it can provide an overview of the condition of the company as a whole, not only in terms of profit but in terms of assets, debt, capital, and others. This study aims to examine and analyze the effect of financial performance as assessed by Profitability, Liquidity, Solvency, and Market Value, effect on Stock Prices, because there are differences between actual and theoretical data, and there are research gaps in previous studies. The objects of this study are companies listed on the LQ 45 in the 2020-2021 period by disclosing and presenting the required data consistently registered as the LQ45 Index during the 2020-2021 period. Method: used in selecting objects in this study was purposive sampling involving 40 LQ 45 companies listed on the Indonesia Stock Exchange. The data used was panel data regression, and the Chow and Hausman tests were used to select the best test model. Result: The results showed that based on the t-test the results were obtained: the financial performance variables assessed using Profitability, Liquidity and Solvency had no effect on Stock Prices where sig > 0.05 and Market Value Variables had an effect on Stock Prices because sig < 0.005. Contribution: This information is needed by potential investors because the decision to invest requires a thorough analysis to avoid losses. Keywords: 1. Stock Price 2. Profitability 3. Liquidity 4. Leverage 5. Market Value

IOT BASED SMART SOIL HEALTH MANAGEMENT SYSTEM WITH REMOTE MONITORING AND CONTROL SYSTEM

Soil situation monitoring sensors enable farmers to accumulate statistics about rainfall, temperature, and other metrics over time to tune tendencies and predict irrigation needs. Farmers will keep time that’s normally spend manually checking crop water ranges due to the fact sensors can supply them real-time facts right away on nearly any on-line device. Sensors enable for higher water conservation whilst making sure there isn’t over or under watering of vegetation. Smart soil moisture, humidity, temperature and PH monitoring and analysis. Auto-pump on-off device in fields, with excessive fast SDST Relay with low water stage cut-off machine for long-life of the water pumps. This whole project is done in very low cost keeping in mind the current financial condition of farmers of INDIA.

Strategic diagnostics in the system of controlling the financial results of the enterprise

Purpose. To create a mathematical model and approaches for the formation of optimal management actions on the basis of strategic diagnostics data and to use them to form an effective algorithm of strategic diagnostics in the system of controlling the financial results of the enterprise. Methodology. General and special methods of cognition were used during the study. The scientific economic approach to the implementation of the method of scientific abstraction was used to substantiate the relevance of the topic, purpose and tasks of the study, analysis of the impact of the use of strategic controlling systems on the financial condition of the enterprise. The method of analysis and synthesis and the method of induction and deduction were used to develop an algorithm for strategic controlling of the financial activity of the enterprise. The method of economic modeling was used for a formalized description and strategic forecast of the effectiveness of the strategies selected according to the controlling data. The method of comparison was used to analyze the pace of financial results and forecast the results of the extractive industry and the development of quarries by region. Findings. The mathematical model and approaches have been developed using the entropy method and the time series method for comparative analysis of variants of complex application of management solutions for the formation of optimal management actions based on strategic diagnostic data. An algorithm of strategic diagnostics in the system of controlling the financial results of the enterprise was created. The proposed vector criteria, their rate of change detected during the controlling, and their threshold values become an indicator that the current financial and production condition of the enterprise requires decisions to neutralize risks and improve the financial condition of the enterprise. Originality. The proposed mathematical model and approaches were first used to analyze the directions of strategic diagnostics in the system of controlling the activities of the enterprise. For the first time, a system of vector criteria for determining the need for management decisions to improve the financial condition of the enterprise has been proposed. The algorithm of realization of strategic controlling of financial activity of the enterprise is introduced. Practical value. The developed algorithm and mathematical apparatus can be used both for scientific purposes and in practical work by the management of enterprises of various industries. The effectiveness of the developed mathematical methods and the proposed algorithm is tested on forecasting the activities of mining enterprises and quarry development for Kyiv, Mykolaiv and Odesa regions of Ukraine.