Effective Enterprise Management Research Articles

КОНЦЕПЦИЯ ВНЕДРЕНИЯ КОНТРОЛЛИНГА БИЗНЕС-ПРОЦЕССОВ НА АГРОПРЕДПРИЯТИЯХ ДЛЯ ОБЕСПЕЧЕНИЯ ЭКОНОМИЧЕСКОЙ БЕЗОПАСНОСТИ

In modern conditions of uncertainty, manufacturers face many problems and risks that are sometimes impossible to predict. In these conditions, effective enterprise management requires a reorientation from standard tools and methods used in accounting or management accounting to modern monitoring methods. Such methods are based on the concept of controlling, which is extremely in demand today in foreign business management practice, since it is an information and analytical tool for making and implementing management decisions synchronized with accounting, analysis, and planning systems. Controlling is not an innovation for Russian commodity producers, but it is still greatly underestimated as a tool for effective business process management. To build a business process control system, enterprises need a systematic study of its essence, tasks, basic concepts and regulatory regulation in order to ensure economic security. The article examines the genesis of the development of the controlling system, as well as the use of available resources and the identification of potential opportunities formed through modern controlling tools and methods in management accounting.

REENGINEERING BUSINESS PROCESSES IN THE CONTEXT OF ENSURING INCLUSIVE DEVELOPMENT OF ENTERPRISES

The deep and prolonged socio-economic crisis observed in Ukraine in recent years has caused a number of problems in the development of domestic enterprises. Financial instability, inflationary processes, devaluation of the national currency, and now the challenges of a full-scale war and the consequences of active hostilities on the territory of Ukraine have led to an imbalance in the system of inter-sectoral relations. Constant missile attacks and extensive damage caused by the aggressor country's terrorist actions have significantly destabilised the operations of Ukrainian enterprises, critically limiting their resource capabilities (human, material, financial) and, consequently, their competitive potential. Significant uncertainty and turbulence in the external environment as a result of a combination of internal and external destabilising factors in the context of wartime challenges have made strategic planning impossible for producers. Therefore, the issues of finding approaches for effective management of enterprises, their restructuring and rehabilitation by identifying development priorities and formulating policies for their implementation are of particular relevance. The purpose of the study is to analyse theoretical and methodological approaches to the implementation of anti-crisis management models, to rethink the concept of enterprise development in terms of the need for strategic changes in the new economic realities, and to make a critical assessment of the system of management technologies, one of which is business process reengineering. To achieve this goal, general scientific methods of cognition were used: deduction and induction, analysis and synthesis, and generalisation. An important result of the work is the identification of a relevant link between the achievement of sustainable development goals, ensuring inclusiveness of activities and the content of business process reengineering as an anti-crisis paradigm in the current economic environment of Ukrainian enterprises. The results obtained are of practical value for economic systems focused on radical redesign and fundamental rethinking of business processes in order to achieve a significant improvement in the quality of human capital use.

Sustainable Energy Safety Management Utilizing an Industry-Relative Assessment of Enterprise Equipment Technical Condition

The study considers approaches to ensuring energy management for the safe operation of facilities and their equipment and ways to improve it. It has been established that to ensure effective safety management of industrial enterprises, one of the critical areas is the technical diagnostics of power equipment during operation. An assessment of the actual technical condition of power equipment of VVER-1000 power units is proposed based on establishing the aging mechanisms and determining the relative evaluation coefficients for the characteristics of individual equipment elements. The results of the calculations allowed us to conclude that the obtained results correspond to the coefficients of relative assessment Ki of the technical characteristics of the power equipment that determine its degradation. Studies indicates that when assessing the state of power equipment, it is necessary to consider the presence and impact of the following operational factors that are not considered in the design calculations: loads, high levels of mechanical stress, fatigue damage, and metal defects, which primarily indicate the presence of degradation changes. To assess the technical condition of the equipment, considering the degree of mechanical wear, 17 technical characteristics were selected to determine the aging mechanisms by signs of degradation. A mathematical model of the dependence of the relative evaluation coefficient K on changes in the operating parameters is presented, and it is noted that the most significant influence on the value of the coefficient is the temperature of the coolant at the inlet (K = 0.56). The developed approach makes it possible to improve the safety management system of power facilities by introducing the proposed model to assess the technical conditions of power equipment by defining the parameters in the overall safety management system.

ЗАРУБІЖНИЙ ДОСВІД УПРАВЛІННЯ ОРГАНІЗАЦІЯМИ

The article is devoted to the topical issues of management of organizations in the world. It is determined that effective enterprise management is an important prerequisite for success in any business, regardless of its size and scope of activity. The purpose of the article is to study the systems and methods of business management in the world. To implement this task, scientific methods of content analysis, analysis, synthesis, comparison, and system method were applied. It is noted that the organization of enterprise management in the world is determined by local cultural management paradigms. In modern European cultures, emphasis is placed on interaction with employees, which is aimed at maximizing their interests and is manifested in respect for human dignity. Also important is the rational use of resources and readiness for innovation in the technological and scientific spheres, which contributes to the introduction of managerial innovations, albeit with a certain delay, into the activities of organizations and enterprises in Ukraine. The American experience is based on flexible management, because American enterprises often have a flexible hierarchical structure. In addition, an important factor is corporate culture, although the manifestations of this culture may be different in different companies, but common to them is a democratic environment in which employees can freely express their ideas and opinions. In particular, Ukrainian enterprises can learn from the Asian experience in creating long‐term development strategies and plans. Asian cultures emphasize community and cooperation, so an approach to creating a team work environment and promoting mutual support among employees is important. Most Asian enterprises prefer long‐ term relationships in work teams, with partners and customers, which promotes stability and trust in the market. The conclusions emphasize that the need for a competent combination of world experience with Ukrainian realities will become an important task for managers when establishing an effective management system shortly.

Analysis of enterprise financial management under the background of digital transformation

Along with the continuous development of our economy and the continuous improvement of the level of social information, the era of big data has already come quietly, and the digitalization is playing a more and more crucial role in the financial management of enterprises in our country. In the past, people’s understanding of digitalization might only be to do some data analysis and data management work, which led to a series of problems, for instance, organizational management is blunt and not flexible enough. These problems caused the slow development of enterprises, and the productivity of enterprises was difficult to achieve further liberation. Under the background of digital transformation, the traditional financial management of enterprises can no longer satisfy the effective daily operation and management of enterprises. If enterprises are desperate to develop, finance has to be transformed. Therefore, Chinese enterprises ought to progress in the direction of informatization and digitalization. Hence, this paper intends to use literature research and other methods to make up for the shortcomings of traditional enterprise financial management in this study, expand the content of digital transformation of enterprise financial management, and promote the implementation of digital strategy in order to better promote the solution of related problems.

APPLICATION OF A SYSTEM-SYNERGISTIC APPROACH TO MANAGING THE SUSTAINABLE DEVELOPMENT OF REGIONAL ENTERPRISES WHILE ENSURING THEIR ECONOMIC SECURITY

The formation of an effective economic system on an innovative basis is one of the most important tasks of the current stage of socio-economic development, since the systemic interaction of all elements of the economic system, forming a single economic space, allows for the most effective realisation of the benefits of the division of labour and specialisation in innovative forms. At the same time, the ability of production and economic entities to maintain the ability to expand the reproduction of innovations (while maintaining the scale and pace of innovation reproduction) in the event of disturbing internal and external actions – innovation sustainability – is becoming increasingly important. This is particularly important in the formation of integrated associations and integral economic complexes as sustainable systems to increase the dynamics and balance of the proportions of the innovation reproduction process. In the context of continuity and heterogeneity of innovations, it is extremely important to consider their innovation sustainability from the perspective of a systemic approach to the management of an economic system. Purpose of the article. The scope of research on strategic management of regional development is quite wide, but given the current economic situation, the consequences of the pandemic and martial law, this issue needs even more attention, as most regions of Ukraine are unstable and economically unprofitable, so it is necessary to consider special levers and directions that will help strategically effective management of regional enterprises and ensure their economic security. Methodology. The methodological basis of the article is a set of methods and principles of scientific knowledge, general and special methods and techniques used in the study. The theoretical basis of the study is the scientific work of domestic and foreign scientists on sustainable development, economic security and innovation. The information base is based on official statistics, reports and accounting information of enterprises, resources and publications of the Internet, and the results of the author's own research. Practical implications. The results obtained and the recommendations developed form the basis for improving the strategic management of the sustainable development of regional enterprises while ensuring their economic security. Value/originality. A mechanism of strategic management of sustainable development of regional enterprises was created using a system-synergistic approach, which includes a system of resources, methods and tools for influencing innovation processes and is based on the principles of self-organisation of complex systems in the process of their adaptation to changes in an unstable environment and ensuring economic security, which will allow to coordinate the goals and directions of management of investment, operational and financial activities of regional enterprises to ensure their sustainable development.

CONCEPTUAL PROVISIONS REGARDING THE DEFINITION OF THE DEVELOPMENT OF CONSTRUCTION ENTERPRISES

It has been determined that the development of construction enterprises is influenced by a combination of internal and external factors that form negative trends in their functioning. In particular, a decrease in the volume of production and sale of construction products, a reduction in the level of their investment attractiveness, and a slowdown in the growth of production and economic potential have been identified. At the same time, it has been proven that construction enterprises act as an indicator of the development of a state’s economy and characterise the directions and features of its functioning. Thus, the research topic is relevant, and its development is timely. The purpose of the study is to define the development of construction enterprises. To achieve this goal, we need to solve the following tasks: to identify the directions of the development of enterprises, to systematise theoretical provisions regarding the definition of the development of enterprises, and to single out the specific features of the development of construction enterprises. As a result of the study, theoretical provisions regarding the definition of the development of construction enterprises were systematised, and the author’s approach to its characterisation was proposed. The conceptual apparatus of economic science has been improved; in particular, the concept of the “development of construction enterprises” has been introduced into the functional field of effective management of enterprises. Unlike the existing ones, it is determined by constant changes in the system of forming strategic and operational directions for the creation and use of all types of resources, organisational structure, and production and economic potential of construction enterprises, which allows ensuring the effectiveness of stakeholder interaction, marketing activities, growth of financial, economic, investment, innovation, and strategic factors. The study has revealed the specific features of the functioning of construction enterprises in extraordinary economic conditions of the influence of internal and external factors and the consequences of the aggression of the Russian Federation. Keywords: construction enterprises, stakeholders, development, conceptual provisions.

ПЕНІТЕНЦІАРНІ ЗАСАДИ ВИКОНАННЯ СУДОВИХ РІШЕНЬ ЩОДО ЗАСУДЖЕНИХ В УКРАЇНІ

The article emphasizes that the penitentiary principles of execution of court decisions against convicted persons in Ukraine are complex multifactorial processes regulated by the Criminal and Executive Code of Ukraine, the Law of Ukraine on Probation, and other regulatory legal acts. On the other hand, the legal definition of penitentiary principles for the execution of court decisions regarding convicts in Ukraine is not established, which in a certain way causes a scientific debate among domestic scientists. Revealing the content of the penitentiary principles for the execution of court decisions against convicted persons in Ukraine, it has been proven that the actualization of the further development of the domestic criminal enforcement system of Ukraine and its subsequent transformation into a penitentiary system is not just a product of a certain scientific segment, it is a recognition by society of the need for its reform and self-improvement. It is noted that the penitentiary principles for the execution of court decisions regarding convicted persons in Ukraine are generally the leading task of the state policy of the Ministry of Justice of Ukraine in the field of execution of punishments and probation, since they ensure the order and conditions for the execution and serving of criminal punishments in places of deprivation of liberty of the State Criminal and Executive Service of Ukraine (hereinafter SCES of Ukraine) and authorized bodies on probation issues of the State Institution “Probation Center” (hereinafter SI PC). Emphasis is placed on the fact that penitentiary principles for the execution of court decisions against convicts in Ukraine play an important role in the socialization, resocialization and reintegration of convicts into society after release. Moreover, penitentiary science gives the leading place in the scientific search for the transformation of the penal system of Ukraine into a penitentiary system to the penitentiary principles of the execution of court decisions regarding convicts in Ukraine. It is noted that one of the ways to improve any system is the proper regulation of the legal system of this type of activity. Against the background of the ongoing reform of bodies and institutions for the execution of punishments, we cannot bypass the latest proposals for legislation, which are supposedly aimed at “optimizing the penitentiary system, introducing new approaches to encouraging its personnel, introducing effective management of enterprises of institutions for the execution of punishments. The fact that in modern practice the penal system of Ukraine needs balanced and substantiated scientific developments aimed at convincing research conclusions, proposals and recommendations, which the Ministry of Justice of Ukraine, as the legal successor of the State Penitentiary Service, cannot fail to reckon with, we set the goal of determining the role of penitentiaries principles of execution of court decisions regarding convicts in Ukraine. This formulation of the problem is connected with the fact that convicts who, after the entry into force of a court verdict, are sent under escort (places of imprisonment) or independently (authorized body on probation) to the place of serving a criminal sentence. After arriving at the place of serving the criminal sentence, the convict must go through the registration procedure. The following tasks are solved in the article: scientific research on the definition of the concept of penitentiary principles for the execution of court decisions regarding convicts in Ukraine is analyzed; actual problems in the execution of court decisions regarding convicts who are registered with the authorized bodies on probation issues were identified, which allowed them to be united by common features and the conclusions formulated accordingly. Key words: penitentiary facilities, execution, punishment, convict, staff, places of imprisonment, probation, court decision.

Assessment of the Quality of Transformation of Financial Reporting of Entities According to IFRS

Background: Mandatory application of IFRS for a specified list of entities brings about additional costs in terms of material, financial and labour resources. Consequently, this encourages the search for ways to minimise costs related to the transition to IFRS adoption, that is, its formalisation. Under such conditions, the need to improve the methodological toolkit for evaluating the process of transformation of financial statements in accordance with the requirements of the IFRS is actualised. This article aims to develop a methodological toolkit for assessing the quality of the financial reporting transformation process per IFRS requirements, using Ukrainian dairy industry enterprises as a case study. Methods: The assessment of the impact of the transition to IFRS reporting on changes in the financial status of entities was carried out using statistical methods of comparison, generalisation, grouping, and coefficients. Conclusions were drawn based on the research findings employing the method of logical generalisation. Results and Conclusions: The method of assessing the impact of the application of IFRS on the financial condition of enterprises in the dairy industry of Ukraine has been improved, particularly in terms of accounting for changes in financial statements as a result of transformational adjustments before and after the date of transition to IFRS. This refinement involves employing financial coefficients as a means of assessment, facilitating the determination of the quality assessment of the process of drawing up the first financial statements of enterprises in accordance with IFRS. New methodological aspects and recommendations for assessing the quality of the transformation process in the context of the application of IFRS will ensure effective management of enterprises in the dairy industry of Ukraine, leading to an increase in the attraction of foreign investments amidst the conditions of European integration processes and the post-war period.

Project management as a tool for the effective organization of an enterprise's activities

The article is devoted to project management as a way of effective enterprise management. Various project management methodologies are considered, such as Agile, PMBoK, "1C Corporate Implementation Technology". Using examples of real projects, the features and advantages of each of the methodologies are described. Special attention is paid to resource management at the enterprise. The article discusses various types of resources that can be involved in project management, such as people, budget, equipment, materials, information technology. The methods of managing each of the types of resources and their impact on the success of the project are described. The risks associated with project management are presented, such as lack of resources, low training of personnel, security problems, changing requirements. Risk management methods and their impact on the success of the project are described. It is noted that project management is an effective way of managing an enterprise that allows you to achieve your goals and objectives. However, for successful project management, it is necessary to be able to properly manage resources and risks, as well as choose the appropriate methodology depending on the specific situation.

Development of a Conceptual Model of Effective Management of Innovative Enterprises based on Digital Twin Technologies

Development of a Conceptual Model of Effective Management of Innovative Enterprises based on Digital Twin Technologies

Analysis of the role of planning in the enterprise

The object of research is the enterprise. The subject of research is a complex of theoretical, methodological and practical issues related to the improvement of planning as a tool of effective enterprise management. The work is directed to the generalization of theoretical provisions and the development of organizational and methodological aspects of planning, as well as the development of practical recommendations regarding the mechanism of implementation of planning at enterprises. Among the sources for analysis when considering issues of the economic essence and content of planning were the methodological and legal foundations of legislative acts and government resolutions in the field of planning. The following research methods were used: abstract-logical, economic-statistical, system-functional analysis, analytical, balance, program-target, economic-mathematical, calculation-constructive, experimental and others. The main one was the systematic analysis of theory and practice, with the ultimate goal of developing methodological recommendations for the creation and development of the planning system at the enterprise. The task of improving planning at the enterprise was solved in the work. Insufficient use of all types of planning affects the results of enterprises, lack of maximum efficiency. Requirements for productivity and product quality require the use of new technologies and approaches, especially in the processes of resource management and enterprise planning. Preparation of a detailed plan can help objectively assess business opportunities, trends and development of the enterprise. The practical significance of the conducted analysis lies in the development and implementation of recommendations for improving the forms and mechanism of planning at the enterprise. The implementation of proposals regarding the methodology of implementation and functioning of planning will allow the enterprise to increase the efficiency of management based on the clear implementation of strategic goals in the system of planned indicators.

Waste Management Strategy of Agricultural Enterprises to Improve the Efficiency of Rural Development

In the context of modern trends in the greening of the economy, sustainable development, changes in the structure of agricultural production, and the situation that has developed in Kazakhstan with the accumulation, utilization, and disposal of waste, the issues of agricultural waste management remain relevant and require further scientific research and sound practical solutions. The purpose of the article is to form strategic directions for waste management of agricultural enterprises, where the main place is occupied by effective waste management in the context of crop production, animal husbandry, animal tissue, and agrochemical waste. The article presents the principles of a Waste Management Strategy of agricultural enterprises, and a tree of objectives of the Strategy of agricultural enterprises is formed. The features of effective management of agricultural waste, including plant and animal waste, and directions for effective management of agrochemical waste are determined. Reduction of soil and groundwater pollution in the implementation of effective waste management of agricultural enterprises, as well as measures to minimize the formation of agricultural waste, are summarized. The main measures in state incentives for the effective management of agricultural waste are identified.

TYPES OF CORPORATE CULTURE AND IMPORTANCE OF FORMING CORPORATE CULTURE IN NATIONAL ENTERPRISES IN THE CONDITIONS OF MODERN ECONOMY

Today, business leaders and modern researchers are faced with the issue of organizational culture in the effective management of enterprises. This, in turn, raises the question of determining the type of organizational culture of the enterprise. Knowledge and understanding of the typologies of organizational culture will greatly help managers in conducting organizational diagnostics and creating a strategic plan for the development of the organization. This article describes the most common typologies of organizational culture by different authors

ТЕОРЕТИЧНІ АСПЕКТИ УПРАВЛІННЯ ФІНАНСОВОЮ БЕЗПЕКОЮ ВІТЧИЗНЯНИХ ПІДПРИЄМСТВ

Financial security and its provision is an important component of effective strategic management of enterprises. Not only the level of competitiveness of the enterprise, but also the issue of its functioning depends on the sufficiency of financial resources, the sources of their formation, the influence of internal and external factors on the level of financial security.
 The issue related to the management of financial security in the conditions of martial law remains insufficiently researched.
 The purpose of the article is to systematize theoretical and methodological approaches to managing financial security under martial law.
 Approaches to determining the essence of financial security are systematized. Financial security is interpreted as a certain financial condition, a complex characteristic, the level of the enterprise's provision of financial resources, the ability to promote and expand economic processes.
 Approaches to the classification of threats to financial security are summarized: By place of occurrence, By severity of consequences, By attitude to threats, By form of damage, By duration of action, By level of predictability, By duration of action, place of action. factors affecting financial security are summarized. The main tasks that must be solved for the effective management of financial security are identified. To reduce the impact of threats to financial security, it is important to form an effective enterprise management strategy, which will include a financial security management strategy.

Formation of enterprise personnel: factors and methods

The relevance of the research topic is that at present, personnel planning is an essential element of the personnel policy of any enterprise, which contributes to the fulfillment of tasks related to the development of the enterprise. Formulation of the problem. Personnel planning of an enterprise requires constant adjustment: how many employees, what qualifications, when is it needed? How to attract the right employees? Analysis of recent research and publications. Much attention has been paid to the study of the issue of the importance of personnel formation in the works of such scientists as D. Boginya, P. Buryak, V. Geyets, V. Grineva, A. Kolot, L. Mikhailova, V. Petyukh, O. Slavgorodskaya, V.A. Lukyanykhin, V. Lukashevich, M. Kh. Meskon, M. I. Murashko, F. I. Khmel, S. V. Shekshnya, G. Shchekin, etc. Therefore, properly organized personnel formation is an integral part of effective enterprise management. The purpose of this article- consider the concept of "personnel planning" and its main content and determine the direction of improving the formation of the enterprise's personnel. The object of research factors and methods of formation of personnel potential at enterprises. The subject of the study is the study of theoretical and practical issues of the formation of human resources in enterprises. Application area. The results of this study can be applied at Ukrainian enterprises to solve the problem of forming the personnel potential of an enterprise, also in the initial process when teaching the discipline "Labor Economics and Social and Economic Relations", "Personnel Management", "Innovative Development of Enterprises", "Personnel Management", " Administrative Management". Conclusions in accordance with the article. This study leads us to the conclusion that personnel planning is an integral part of enterprise management.

E-Marketing Skills Required by Start-up Operators for Effective Management of Small and Medium Scale Enterprises

The study ascertained the “E-Marketing Skills Required by Start-up Operators for Effective Management of Small and Medium Scale Enterprises” in Ebonyi State. One research question guided the study with one null hypothesis tested at 0.05 level of significance. A sample of 261 was selected from the population of 745 Start-up operators of small and medium scale enterprises using Yaro Yamane formula. Data was collected using 15 items structured questionnaire of four points scale. The instrument was validated by three experts from Ebonyi State University. The reliability index of the instrument was 0.80. Data collected from the research question was analyzed using mean and standard deviation while t-test statistics tested the hypothesis at 0.05 level of significance. Findings from this study revealed that e-marketing skills are highly required by start-up operators for effective management of small and medium scale enterprises in Ebonyi State and that gender influenced the views of the respondents. Based on the findings of the study it was concluded that e-marketing skills are highly required for effective management of small and medium scale enterprises to achieve a sustainable competitive advantage over other fierce rivalries in the market space. It is therefore recommended among others that training of SMEs managers on e-marketing skills for adequate utilization of the skills in business management be treated as critical strategy to close the gap between traditional marketing and digital marketing system.

IMPROVING THE STRUCTURE OF MANAGEMENT ACCOUNTING

Improving the structure of any science is not only theoretical, but also of great practical importance. Because the correct choice of its content is very important for determining what issues need to be considered in this discipline, what is the correct approach to choose for teaching students, and most importantly, which indicators should be disclosed in practice and which should not, as well as resolving issues of ensuring the competitiveness of the enterprise while maintaining a certain level of secrecy. This article discusses the issues of theoretical and practical improvement of the structure of management accounting, which is an integral part of the accounting science. The socio-economic content of management accounting, its significance from the effective enterprise management standpoint are studied

Features of operational activity expenses formation by elements

Introduction. Difficult enterprises’ operating conditions require strengthened expense control and an effective management system. Expenses accounting for different section groups creates an important information base for effective enterprise management. Thus, the division of expenses by elements involves the grouping of economically homogeneous expenses. This enables to form the information regarding material consumption, labor, and financial resources and to calculate the indicators that characterize the level of its efficiency at micro and macro levels. Though the list of expenses is established by regulatory documents, insufficient attention is paid to its content. There is not always an unequivocal position in the sectoral methodical recommendations on products’ cost formation (works, services) regarding the allocation of certain types of expenses to the corresponding element. This leads to information distortion about the elements’ size of operational expenses. Therefore, an important task today is to establish clear provisions regarding the content of expense elements, which will allow to provide a reasonable information about the usage of enterprise resources for management purposes.The purpose of the study is to scientifically substantiate the economic essence of the elements of expenses, to outline the content of each element of operating expenses according to the provisions of regulatory documents, and to establish the interrelationship between the component expenses of operational activity, divided according to classification features.Methods. In the process of research, the following methods were used: theoretical generalization, abstract-logical - to justify the economic content of expenses, divided by elements; comparison, grouping, analogies, analysis, and synthesis - to improve the content of expenditure elements; induction and deduction, modeling, structural and logical - to establish the interrelationship between different types of expenses of operational activity. The results. The expediency of dividing expenses by elements is substantiated and the relationship between elements of operating expenses and information about the usage of enterprise resources is presented. It is proposed to replace «material costs» with «material expenses», which will correspond to its content. Drawbacks in the presentation of expenses structure of operational activities by economic elements in accounting standards and sectoral methodical recommendations on products’ cost formation (works, services) are detected and the proposals for improving the content of the elements «material expenses», «labor expenses», «other operating expenses» were provided. The need to update and unify the expense structure by elements in various regulatory documents has been proven to reasonably form the third section of the Statement of Financial Results (statement of comprehensive income). The interrelationship between the component expenses of operational activities, divided according to various classification features is outlined.Perspectives. The further research perspectives are to determine the content of each element of operating expenses, based on the enterprise’s industry. This will contribute to the improvement of industry methodological recommendations on products’ cost formation (works, services).

УПРАВЛЕНИЕ ЗАПАСАМИ ГОТОВОЙ ПРОДУКЦИИ КАК ФАКТОР ПОВЫШЕНИЯ ЭФФЕКТИВНОСТИ ИСПОЛЬЗОВАНИЯ АКТИВОВ СЕЛЬСКОХОЗЯЙСТВЕННОГО ПРЕДПРИЯТИЯ

The relevance of the scientific problem under consideration is determined by the fact that at present, in the context of a global change in the economic situation, inventory management of finished products is a key element of effective asset management of enterprises of any organizational and legal forms and forms of ownership. Both the excess and the shortage of stocks of finished products create certain problems at the enterprise: with their excess, the costs of storing finished products increase, funds are frozen in warehouses, at the same time, their shortage leads to a shortage of finished products in the warehouses of the enterprise. This problem is of particular importance in the agricultural sector. This article reveals the economic essence of the “stocks” category, defines their role as the most important element of asset management of an organization, and develops directions for improving the efficiency of using the assets of an agricultural organization based on the analysis of its stocks of finished products. The analysis of stocks of finished products was carried out for one of the enterprises of the agro-industrial complex of the south of the Rostov region.