Financial Management Process Research Articles

Analisis Akuntabilitas dan Transparansi Laporan Keuangan pada Kelurahan Gundaling II Kecamatan Berastagi Kabupaten KARO

This research aims to analyze the level of accountability and transparency in the financial reports of Gundaling II Subdistrict and identify practices that influence community involvement in the supervision and use of public funds. Qualitative research methods are used by collecting data through analysis of financial reports, interviews with related parties, and direct observation of the financial management process. The results of the analysis show that although financial reports have generally been prepared well, there are still several areas where aspects of accountability and transparency need to be improved. These findings highlight the need to improve financial management procedures, use technology to improve transparency, and expand public participation in financial oversight. The implication of this research is the importance of implementing more transparent and accountable practices in local government financial management in order to increase community involvement and trust in the use of public funds.

AI in credit scoring: A comprehensive review of models and predictive analytics

This review provides a succinct overview of the comprehensive review exploring the integration of Artificial Intelligence (AI) in credit scoring. The analysis delves into diverse AI models and predictive analytics shaping the contemporary landscape of credit assessment. The review begins by examining the historical context of credit scoring and progresses through the transformative impact of AI on traditional credit assessment methodologies. It scrutinizes various AI models employed in credit scoring, ranging from machine learning algorithms to advanced predictive analytics. Emphasis is placed on elucidating the strengths and limitations of each model, considering factors such as interpretability, accuracy, and scalability. The evolution of credit scoring is discussed, emphasizing the transition from rule-based systems to sophisticated AI-driven approaches. The integration of alternative data sources, such as social media and unconventional financial indicators, is explored, showcasing the expanding scope of AI in capturing a more holistic view of an individual's creditworthiness. The Review underscores the significance of predictive analytics in credit scoring, outlining the nuanced techniques used to forecast credit risk. It elucidates the role of explainable AI, addressing the need for transparency in complex credit scoring models, especially in the context of regulatory compliance and consumer trust. Furthermore, the review highlights the real-world implications of AI in credit scoring, discussing its impact on financial inclusion, risk management, and decision-making processes. The ethical considerations and potential biases associated with AI models are explored, shedding light on the importance of fairness and responsible AI practices in the credit industry. In conclusion, this comprehensive review navigates the intricate landscape of AI in credit scoring, offering a holistic understanding of the models and predictive analytics that underpin modern credit assessment. The synthesis of historical perspectives, model intricacies, and real-world implications makes this review an essential resource for practitioners, researchers, and policymakers in the ever-evolving domain of AI-driven credit evaluation.

Research on the Optimization of Enterprise Financial Management under the Financial Sharing Model

With the advancement of globalization and information technology, the financial sharing mode has gradually emerged as a crucial means for enterprises to optimize their financial management. Particularly within the context of economic globalization, informatization, and digital transformation, enterprises find themselves navigating a rapidly evolving market environment by intensifying competition. To enhance efficiency and competitiveness, many enterprises have embraced the financial sharing model to streamline financial management processes, curtail costs, and bolster the execution of corporate strategies. This article aims to dissect the definition and essence of the financial sharing model and its significance in the realm of enterprise financial management. Drawing upon this analysis and aligning with the needs of enterprise financial management, the article proposes ideas for optimizing management practices, aspiring to foster reform and innovation in enterprise financial management while enhancing its level of financial management and ability to respond to financial risks. This contribution seeks to provide valuable insights for practitioners in the field.

KONSISTENSI DAN TRANSPARANSI PENGELOLAAN KEUANGAN DALAM RANAH BUDAYA DAN KEARIFAN LOKAL MENYAMA BRAYA

One form of local wisdom possessed by the people of Bali and Lombok is known as menyama braya. Menyama braya is an excellent capital and foundation for creating harmony in life, regardless of ethnic or religious differences as well as race and skin colour, to live together and side by side in society. This research aims to determine the implementation of menyama braya as a form of local culture and wisdom, which is studied through the application of the principle of accountability in the elements of consistency and transparency in the financial management of Banjar Kertha Bhuwana. Using a qualitative research design with descriptive research methods, data collection was carried out using literature and field studies using triangulation techniques. Data analysis techniques are carried out through data collection, data reduction, data presentation and drawing conclusions or verification. The results of the research show that the implementation of consistency and transparency in financial management in the Banjar Kertha Bhuwana organization contains the implementation of the concept of menyama braya, which is included in the implementation of awig-awig as well as decisions taken through the results of the paruman banjar which regulates the obligations and rights of all banjar members. So, in this way, the cultural process and local wisdom values can influence the financial management process in Banjar Kertha Bhuwana to achieve everyday needs and goals

Analysis of Good Governance Implementation on Village Financial Management

The principle of good governance also controls the village government to carry out good governance and avoid fraud during the village financial management process. This type of research is a quantitative descriptive study using primary data and data collection techniques using questionnaires. This study uses the analysis of the validity test, reliability test, simple linear regression test, coefficient of determination, and hypothesis test. The study concluded that implementing good governance positively and significantly affected village financial management. In this study, it is hoped that the village government will be able to provide the community with correct information about village financial management and easy access for people who need information.

SISTEM MANAJEMEN PENGELOLAAN KEUANGAN BERBASIS ANDROID PADA APPEL SPECIALIST REPAIR

Appel Specialist Repair is a business that operates in Smartphone and Computer repair and maintenance services. Currently, the financial management process uses Google services, namely spreadsheets, and recording is still done manually, such as recording financial transactions, checking stock of goods, and preparing financial reports. This manual approach carries the risk of data duplication and accidental data deletion. The research method used in this research is a qualitative method consisting of literature studies related to the thesis title, field studies observations at Appel Specialist Repair, interviews with related parties, analysis of needs related to the system required, design and creation of an Android-based information system, and testing black box financial management application. Based on the research and analysis, UML models for designing and creating an Android-based financial management information system for Apple Specialist Repair in its finance.

Peran Program Inkubasi Terhadap Pengelolaan Keuangan Pada Tenan Binaan Ibti Maleo Techno Center

The aim of this research is to determine the role of the Incubation Program in Financial Management for Tenants Assisted by the IBTI Maleo Techno Center. The incubation program here plays a very important role in understanding the financial management process of IBTI-assisted tenants, namely Local Accountants. This research is a descriptive qualitative study that shows the role of IBTI in running the financial incubation program as well as in assisting financial management for local chartered accountants. This research uses observation data collection methods and interview on Local Accountant tenants. The data analysis used is in the form of data collection, data reduction, data presentation, and drawing conclusions. The financial management process consists or is measured from four basic frameworks for business financial management, these four basic frameworks consist of budget planning, financial recording, financial reporting and financial control. Overall, the Incubation program plays a very important role in developing the financial management capabilities of tenants assisted by IBTI Maleo Techno Center, which can also increase the chances of success and sustainability of their business in the future.

Financial flows of restaurant business enterprises: essence, assessment of management efficiency

The purpose of the article is to study the essence of the concept of "financial flow" and improve the system of indicators for analyzing the effectiveness of the management of financial flows in the restaurant business enterprise. The study was conducted using a rigorous set of research methods, including theoretical generalization, scientific abstraction, systematization and decomposition, formalization, economic-mathematical, and graphic. These methods were chosen to ensure the robustness and reliability of the research findings. Research results. The article analyzes the main approaches to considering the essence of the concept of "financial flow" in modern scientific literature and defines its characteristic features. Features of managing the financial flows of restaurant business enterprises are determined. A model of the formation of the financial flow of a restaurant business enterprise has been developed. Mathematical models of the financial flows of a restaurant business enterprise are presented. For a justified managerial influence on the formation, distribution, and redistribution of financial resources, a model of the financial flow cycle of the restaurant business enterprise is proposed. To assess the sufficiency of financial flows for the implementation of current financial and economic activities and to optimize the time for making management decisions regarding current and operational financial management, a system of indicators for evaluating the effectiveness of financial flow management has been developed. This research has made a unique contribution to the field by further developing the system of indicators for evaluating the effectiveness of the management of financial flows of restaurant business enterprises. Unlike traditional approaches, this system allows for a comprehensive assessment of the sufficiency of the financial flow based on operational financial accounting data. This novel approach can help ensure the reproductive development of the restaurant business enterprise and optimize the time for making management decisions. The model of the formation of the financial flow of a restaurant business enterprise, which has been developed because of this research, has significant practical implications. It provides a means to control the rhythmicity of the operating cycle, contributes to the growth of activity volumes, forms economic relations between subjects, and aids in the formation of incoming and outgoing cash flows. These practical applications can potentially lead to improved financial management in the restaurant business sector. Practical significance. Implementing the developed risk management information system ensures a high level of validity of management decisions regarding strategic alternatives: risk rejection, risk diversification, or compensation. Further research is planned to analyze management and modern digital technologies (lean production, process mining, technological platforms, etc.) to increase the efficiency of the financial flow management process. Keywords: finance, financial flow, cash flow, financial management, enterprise, restaurant business, performance evaluation.

Konstruksi Laporan Keuangan Bumdes Berdasarkan Peraturan Daerah No 09 Tahun 2013 Mengenai Pengelolaan Bumdes di kecamatan Palang Kabupaten Tuban

Determination of Law Number 23 of 2014 concerning Regional Government, (State Gazette of the Republic of Indonesia of 2014 Number 244, Supplement to State Gazette of the Republic of Indonesia Number 5587) in which several provisions in Law Number 23 of 2014 concerning Regional Government have been amended by Government Regulations In lieu of Law (PERPPU) Number 2 of 2014 concerning Amendments to Law Number 23 of 2014 concerning Regional Government, has automatically replaced Law Number 32 of 2004. The research carried out by the author uses a descriptive qualitative research approach, in particular by adopting the case study method. The focus of this research is to reveal information related to the research object with the aim of measuring its level of effectiveness. Based on the results of observations made by researchers, there are findings obtained from the Management of BUMDES Bahari Makmur, starting from reporting, management, information and communication, BUMDES activities, namely: Condition: there is no Good and Correct Financial Reporting, including Financial Reporting According to Regional Regulations No. 09 of 2013, there is no BUMDES organizational structure. Cause: lack of village government involvement, where BUMDES itself is an increase in the village budget. Consequence: BUMDES Bahari Makmur is not functioning as BUMDES is a Village Institution that must exist. 1. It is hoped that the Palang Village government should improve BUMDES reporting and reactivate BUMDES so that the village can get original income. This is important because BUMDES itself is mandatory. 2. It is hoped that the Palang village government can provide information about financial reporting and BUMDES management so that readers can get information about BUMDES management. 3. It is hoped that future researchers will be able to explore in more detail and expand the BUMDES financial management process with Regional Regulation Number 09 of 2013, because in this research it is limited to management and reporting, not access to financial reporting and BUMDES management.

School-Based Financial Management in Improving the Quality of Junior High School Education in North Penajam Paser

This research analyzes the relationship between school-based financial management and the quality of educational services in secondary schools in Penajam Paser Utara. A qualitative approach using a case study method is employed to gain an in-depth understanding. Primary and secondary data were collected through interviews with school principals, treasurers, and teachers. Data analysis was conducted using an interactive model, involving organization, correlation, reduction, presentation, and conclusion drawing. The findings indicate that financial planning begins by identifying the sources of school income, such as Operational Assistance for Schools, Regional Operational Assistance for Schools, School Canteen, Endowments, School Housing Assets, and School Cooperatives. The formulation of the School Budget Plan is carried out through meetings to develop school programs. Fund allocation takes into account priority programs, and the organization of financial management involves consensus in forming personnel for school financial execution. School principals build effective relationships among personnel through the delegation of tasks. The implementation of school-based financial management involves expenditure procedures aligned with planning and transaction recording for accountability. Supervision is carried out through monthly financial report examinations, appreciation for successful actions, and accountability through accountability letter reports and audit results. Financial reporting and accountability are publicized on the school information board to demonstrate the overall effectiveness and accountability of the financial management process.

SISTEM INFORMASI MANAJEMEN KEUANGAN DALAM PENGELOLAAN KEUANGAN NEGARA PADA KANWIL DITJEN PERBENDAHARAAN PROVINSI SULAWESI TENGGARA

This study aims to determine the application of management information systems in state financial management and financial management at the Regional Office of the Directorate General of Treasury of Southeast Sulawesi Province. This research uses qualitative methods with descriptive research types. Data analysis techniques in this study are data collection, data reduction, data presentation and conclusion drawing. The results of this study indicate that the integrated system in the SAKTI application has an impact on saving time for the financial management process. The SAKTI application also has a high level of security because it uses One Time Password (OTP). Although the SAKTI application is still classified as a new application, its application is very effective and optimal and facilitates the financial management process. Financial management at the Regional Office of the Directorate General of Treasury of Southeast Sulawesi Province is very efficient and the SAKTI application is used for all management processes ranging from planning, recording to accountability.

An integrated methodology for enterprise financial management capability evaluation based on EDAS technique and group decision making

The financial management capability of enterprises, as an important component of their soft power, has a decisive impact on the success or failure of their operations. In the increasingly fierce market competition, enterprises must continuously improve their financial management capabilities in order to ensure efficient operation and achieve better economic benefits. Insufficient financial management capabilities in enterprises can seriously affect the stability of production and operation, hinder the realization of profits, and hinder the long-term development of enterprises. In order to better improve the financial management level of enterprises and promote the standardization of financial management, it is necessary to use scientific techniques to evaluate the financial management ability of enterprises, so as to accurately grasp the key links in the financial management process of enterprises and implement targeted effective measures. The enterprise financial management capability evaluation is a classical multiple attribute group decision making (MAGDM). In recent years, the MAGDM problem has become an important research field in modern decision science. This paper extends the EDAS technique to the 2-tuple linguistic Pythagorean fuzzy sets (2TLPFSs). On the basis of the original EDAS technique, 2-tuple linguistic Pythagorean fuzzy number EDAS (2TLPFN-EDAS) technique based on cosine similarity measure (CSM) and Hamming distances is managed for MAGDM. Finally, a case study for enterprise financial management capability evaluation and some comparative analysis with the other techniques show that the new technique proposed in this paper is effective, reasonable and accurate. The main contribution of the paper is summarized: (1) the 2TLPFN-EDAS technique based on CSM and Hamming distances is managed for MAGDM under 2TLPFSs; (2) The entropy is employed to manage the attribute weight based on cosine similarity measure(CSM) and Hamming distances under 2TLPFSs; (3) the 2TLPFN-EDAS technique is employed for enterprise financial management capability evaluation and were compared with some existing techniques; (4) Through the comparison, it is found that 2TLPFN-EDAS technique for enterprise financial management capability evaluation proposed are effective.

Роль стандартизації та сертифікації в підвищенні якості продукції аграрного бізнесу та шляхів його товаропросування

The agrarian sector of Ukraine is one of the key components of the national economy, but it faces numerous problems, among which the issues of product quality, standardization and certification occupy an important place. In the context of globalization and integration into world markets, ensuring high quality and compliance with international standards are necessary to increase the competitiveness of Ukrainian agrarian products. This study focuses on the economic analysis of the current state of the agrarian sector of Ukraine in order to identify the main problematic issues and develop promising ways to solve them. Attention is paid not only to technical aspects, but also to methodological frameworks related to standardization and certification processes in the agro-industrial business. Particular attention in the study is paid to integrated marketing strategies, which are an integral part of modern agribusiness. The possibilities and benefits of using modern technologies in marketing communications, including digital marketing, big data analytics and process automation, are studied. The introduction of these technologies makes it possible to reach target markets more effectively, increase consumer awareness of products and strengthen the brand of Ukrainian agrarian producers in the international arena. Technological progress in the financial sector is also an important factor in the development of agrarian business. Innovations in financial technologies, such as blockchain, smart contracts, and financial platforms, can greatly simplify lending, insurance, and financial risk management processes for agrarian producers. In this context, the prospects for the development of the credit system for agrarian business are studied, including the introduction of new financial instruments and support mechanisms. One of the important aspects of the study is the analysis of the consequences of the implementation of the new land policy in Ukraine. Both positive and negative consequences of this policy are considered, in particular its impact on the availability of land resources for agrarian producers, the investment attractiveness of the agrarian sector and environmental sustainability. Possible ways to minimize the negative consequences and maximize the benefits of new reforms in land legislation are proposed. Cooperation between different stakeholders in the agrarian sector, including government agencies, the private sector and research institutions, is seen as a key element in the successful implementation of the proposed measures. In particular, the authors emphasize the importance of creating partnerships and cooperatives, which will facilitate the exchange of knowledge, technology and resources to improve the efficiency of production and marketing of products. By taking a comprehensive approach to analysis and providing practical recommendations, this study aims to promote the further development of the agrarian sector of Ukraine. The developed proposals will help ensure sustainable growth, improve the quality of products, strengthen positions in international markets and improve the standard of living of the rural population. The implementation of integrated strategies, innovative technologies and effective cooperation will be the key to a successful future of Ukrainian agrarian business.

РОЛЬ ESG МЕНЕДЖМЕНТА В СТРАТЕГИИ РАЗВИТИЯ ПРЕДПРИЯТИЯ

The article examines the role of ESG management in enterprises in modern conditions. One of the main conclusions of the work is the undeniable fact that the ESG management concept, which is fundamentally focused on meeting theneeds of the state and enterprises in implementing the principles of sustainable development, also has great potential in managing various areas of busi-ness strategies, such as regulating the company’s risk policy, determining an environmentally friendly approach in production processes, and also, the management of the behavior of the final consumer. However, the concepts of sustainable development are still the fundamental basis for the formation of the competitiveness of enterprises. Thus, the article isaimed at a broad study of the aspects of ESG management. The author of the article examines the concept of sustainable development and its importance for the preservation of the environment and social well-being from the position of the founder of the development of ESG methods, which were originally used as a criterion for investors. In this paper, the author explains the need to integrate the ESG approach into the management of an organization. The author emphasizes that in the modern world, consumers, investors, and stake-holders are aware of the importance of sustainability and social responsibility of business. Organiza-tions that successfully implement and integrate ESG practices into their business have a competitive advantage in the market and better prospects for development. The present study is also aimed at examining individual departments and structures of companies that are most adapted to integrate ESG concepts into them. In the context of digitalization, the IT department, as well as the service directly involved in personnel policy, is of particular importance. Special attention is paid to the field of marketing, which in modern conditions can also be adapted to ESG concepts. The key conclusion of the work is to state the extensive capabilitiesof the ESG concept, which allows them to be imple-mented not only in the risk management policy, as it was originally developed, but also in the field of financial management, personnel, technology, and other processes that are an integral part of the sustainable development of each enterprise.

СУЧАСНІ ПІДХОДИ ДО ОПТИМІЗАЦІЇ ПРОЦЕСУ УПРАВЛІННЯ ФІНАНСОВИМИ РЕЗУЛЬТАТАМИ ПІДПРИЄМСТВА

The article examines the model of the financial results management process of Alfatech Optima LLC. The financial results reflect a multifaceted system of economic relations at the current stage of the development of society, which affects the competitiveness of the company's products. It is accepted that today the problems of managing financial results consist in finding ways to increase revenue, optimize costs, and generate profit (loss). One of the main tasks of managing the financial activities of enterprises is to ensure the financial stability and competitiveness of the business entity in the longterm and short-term perspectives. Profit plays an important role in solving these problems. It is the positive financial result of the enterprise that acts as the main protective component against the threat of bankruptcy, is the main criterion for evaluating the efficiency of activity and, of course, the main goal of entrepreneurial activity. It is impossible to achieve this without reasoned management decision-making in the day-to-day work of managing the financial results of the enterprise. Therefore, ensuring the effectiveness of financial management at the enterprise involves the formation and implementation of a model for managing financial results. Management of financial results is a set of measures, principles and methods of formation and implementation of management decisions regarding the formation, distribution and use of the company's profit. It has been proven that the application of the structural-functional model of financial results management will allow the enterprise to more effectively use its available resources, plan its activities in advance and effectively manage profits. The tools for maximizing indicators of financial results from economic and financial activities and improving the efficiency and effectiveness of the enterprise's activities in general have been determined. As tools, factor and taxonomic analyzes of optimizing the management of financial results of the enterprise are proposed.

АКТУАЛЬНІ ПИТАННЯ ФІНАНСОВОГО МЕНЕДЖМЕНТУ БАНКІВСЬКИХ УСТАНОВ В УМОВАХ ВОЄННОГО СТАНУ

It is shown that financial management ensures the effective functioning of a banking institution on the market and contributes to its long-term stability. The elements of the financial management system are systematized, the effective interaction of which allows to minimize risks and achieve the set goals, contributing to the stability of banking institutions and their ability to adapt to changes in the financial markets. The objects of financial management of the banking institution, which play a key role in ensuring its effective functioning, have been systematized. It was determined that the financial management of a banking institution covers the traditional functions of financial management and more complex tasks related to the management of banking operations. It has been proven that the management of banking operations directly affects the overall financial stability and success of a banking institution. The financial management process of a banking institution is aimed at ensuring financial stability and its ability to achieve long-term financial goals. It is shown that the mechanism of financial management as an independent system includes a complex of tasks, goals, functions and methods aimed at implementing strategic decisions and achieving set goals. The key functions of financial management of a banking institution are summarized (strategic planning, operational planning, coordination, control, information support, financial reporting, ensuring business activity), which together form an integral financial management system of a banking institution, which allows it to effectively achieve its goals and maintain competitiveness on financial market. It is proven that strategic financial planning should contribute to the creation of a clear vision of the bank’s future development, ensuring its ability to adapt to changes in the external environment and maintain a stable financial position. The processes of current and operational financial planning involve the assessment and management of the bank’s financial resources in the short term, which will help banks adapt to changing conditions and support the effective implementation of their financial strategy.

АНАЛИЗ МОДЕЛИ УПРАВЛЕНИЯ ЦЕЛЕВЫМИ ЗАТРАТАМИ ФИНАНСОВОГО УЧЕТА ПРОМЫШЛЕННЫХ ПРЕДПРИЯТИЙ

The pace of development of industrial enterprises plays an important role in the economic growth of a country. As the number and scale of industrial enterprises gradually increase, they face serious challenges in a highly competitive environment. To gain a foothold in the market, industrial enterprises need to improve their financial management and achieve greater economic benefits through cost control. Therefore, targeted cost management has become a key component of financial accounting that industrial enterprises should pay attention to. In view of the above, this paper analyzes the target management model of financial accounting in industrial enterprises and suggests measures to improve the effectiveness of the management model to improve the financial management process of enterprises and increase their economic benefit.

Artificial intelligence in broadcasting: awareness and perception of government policies by staff of open and distance learning institutions in Nigeria. A case study of IPPIS policies in NOUN

One of the key advantages of Artificial Intelligence (AI) is to decrease the social and economic inequalities within the society (Villani, C. et al, 2018), through the dissemination of accurate and timely information. This is only possible where A1 technologies are effectively used to broadcast vital information or policies to people about issues that affect their well-being. One of such policies is the Integrated Personnel and Payroll Information System (IPPIS) which was implemented by the Nigerian Government to forestall and further curb excessive spending and mismanagement of public funds. But one questions the adoption, implementation and efficacy of this financial policy on the Nigerian public servants, especially the staff of the federal government institutions of tertiary education. This policy also interferes with the existing financial policies in these institutions especially in Open and Distance Learning (ODL) educational systems with huge staff whose productive output depends on their social well-being orchestrated on adequate information. The National Open University of Nigeria (NOUN) is a leading ODL institution in Nigeria with 4615 workers. New government policies should not destabilise the smooth-running system and pitch her staff against the University Management or the National Universities Union against the Federal Government. Rather, a suitable subtle way of worming in government policies into the systems is ideal. In NOUN, no previous information, seminars or sensitisation was done to intimate the staff about the on-coming financial policy before its implementation despite availability of adequate AI technologies and commensurate staff to man them, hence making the staff very sad and humiliated! This has created disharmony, bitterness and rancour among the NOUN staff, especially in the academia. It has positioned the Nigerian government negatively before NOUN staff, making them continuously castigate the Federal Public Service of Nigeria. These unpleasant effects of the mass miscommunication on IPPIS demonstrate the pertinence of AI-powered broadcasting, that is, how mass communication of public policies can fail when AI-assisted broadcasting is absent. This paper investigates the level of awareness of NOUN staff about the need for the adoption and implementation of IPPIS as a government policy aimed at reforming the financial management process in Nigeria, the perception of NOUN Staff towards IPPIS and its benefits to them. The study, anchored on Robert Freeman’s Stakeholder Theory, led us to expand the theory into a multi-stakeholder theory for policy-making, based on empirical facts embedded in the model of the United Nations 17 Sustainable Development Goals for 2030.

Optimization analysis of blockchain technology in enterprise digital financial management

Abstract The rise of mobile Internet has not only changed the business model of many enterprises, but also had a profound impact on the financial management model of enterprises. Based on this, this paper applies blockchain technology to enterprise financial management, using decision trees and information entropy alignment to optimize and promote its digital transformation. Regarding optimizing financial management processes, blockchain technology converts the enterprise’s financial management data into a distributed ledger. It integrates it with information entropy to create a digital financial data decision tree. This paper takes enterprise A as the research object, after optimizing the financial management process with blockchain technology, enterprise A’s financing ability is enhanced, and the current ratio as a whole maintains an upward state, reaching a maximum value of 0.86 in 2021, and then it has been maintained at about 0.8, indicating that the optimized short-term solvency capacity has been significantly improved. The total debt amount of enterprises is decreasing yearly, falling to 35.26 billion yuan in 2023. The amount of owners’ equity has shown an upward trend and has remained at a high level of 25 billion yuan since 2021. Therefore, blockchain technology strengthens the financial management capabilities of enterprises and explores a feasible path to reduce investment risks.

DEVELOPMENT OF INFORMATION SUPPORT FOR FISCAL RISK MANAGEMENT WITHIN CRISES

Crisis phenomena, such as economic downturns, health emergencies and geopolitical conflicts, had a significant impact on the transparency of information support for public financial management processes and the development of digitalization of the economy.The objective of the study is to assess the current state of information support and transparency of the management of fiscal risks caused by state-owned enterprises' activities under uncertainty.Within the study, the existing international approaches to identifying and assessing fiscal risks are analyzed; the areas for improving information support for managing fiscal risks caused by the activities of state-owned enterprises in emergency situations are identified; the impact of digital finance development on mitigating fiscal risks caused by emergencies is assessed. Proposals to increase the transparency of public finances and create additional revenues to the state budget by the development of innovative technologies are substantiated.Implementation of fiscal and monetary policy measures to mitigate the impact of COVID-19 and ensure sustainable post-pandemic recovery requires relevant financial information reflecting the country's financial position. A reliable source of such information is public financial and budgetary statements prepared by IPSAS and on an accrual basis. Given the negative impact of uncertainty caused by the coronavirus pandemic and war on the activities of state-owned enterprises, an important tool for improving the efficiency of fiscal risk management is the unification of approaches to establishing indicators for assessing relevant risks and providing information for their calculation. In response to lockdowns and social distancing measures during crises, citizens have increasingly relied on digital channels to access government services, pay taxes, and receive financial support. This has necessitated improved digital infrastructure and service delivery mechanisms.