Financial Tasks Research Articles

SCENARIUM TECHNIQUE IN ANTI-CRISIS FINANCIAL MANAGEMENT SYSTEM OF THE ENTERPRISE

The article describes the features of the essential content of anti-crisis financial management as a system of countermeasures, typifies a set of special measures that are crucial in the activity of an entity. The following key tasks of anti-crisis financial management are formulated: creation and real­ization of the financial potential of the enterprise to ensure the required level of profitability and liquidity of the enterprise, even in the conditions of cyclical development of the economy; ensuring the functioning of an effective system of financial management and financial control of the enter­prise. It is proved that carrying out preventive planning and control measures within the limits of financial management of an enterprise is impossible without The effectiveness of the measures implemented by the enterprise financial crisis management system depends on the following principles being followed by the management of the company: target effective orientation; reliance on the monitoring of financial indicators; benefits of manage­rial influence; financial flexibility; economic management; matching the feedback form. The introduction of systematic and situational approaches to activate the company's ability to identify and solve new financial problems and maintain a dynamic balance of development is sub­stantiated. It is determined that the technique of scenarios, allows to construct alternative variants of possible development of events depending on different combination of the determining factors of them. The composite anti-crisis program can be defined as the following structural blocks: situa­tional actions of financial orientation on adaptation to new conditions; mandatory steps to ensure and improve the security of the production and economic system; compulsory prompt action to overcome the bottlenecks to increase profitability; measures to strengthen controls. solving a complex of financial tasks, namely: optimization of the capital structure by increasing the proceeds from sale and accelerat­ing the turnover of capital by reducing receivables and payables.

Financial Management Skills in Aging, MCI and Dementia: Cross Sectional Relationship to 18F-Florbetapir PET Cortical β-amyloid Deposition.

There is a need to more fully characterize financial capacity losses in the preclinical and prodromal stages of Alzheimer's disease (AD) and their pathological substrates. To test the association between financial skills and cortical β-amyloid deposition in aging and subjects at risk for AD. Cross-sectional analyses of data from the Alzheimer's Disease Neuroimaging Initiative (ADNI-3) study conducted across 50 plus sites in the US and Canada. Multicenter biomarker study. 243 subjects (144 cognitively normal, 79 mild cognitive impairment [MCI], 20 mild AD). 18F-Florbetapir brain PET scans to measure global cortical β-amyloid deposition (SUVr) and the Financial Capacity Instrument Short Form (FCI-SF) to evaluate an individual's financial skills in monetary calculation, financial concepts, checkbook/register usage, and bank statement usage. There are five sub scores and a total score (range of 0-74) with higher scores indicating better financial skill. FCI-SF total score was significantly worse in MCI [Cohen's d= 0.9 (95%CI: 0.6-1.2)] and AD subjects [Cohen's d=3.1(CI: 2.5-3.7)] compared to normals. Domain scores and completion times also showed significant difference. Across all subjects, higher cortical β-amyloid SUVr was significantly associated with worse FCI-SF total score after co-varying for age, education, and cognitive score [Cohen's f2=0.751(CI: 0.5-1.1)]. In cognitively normal subjects, after covarying for age, gender, and education, higher β -amyloid PET SUVr was associated with longer task completion time [Cohen's f2=0.198(CI: 0.06-0.37)]. Using a multicenter study sample, we document that financial capacity is impaired in the prodromal and mild stages of AD and that such impairments are, in part, associated with the extent of cortical β-amyloid deposition. In normal aging, β-amyloid deposition is associated with slowing of financial tasks. These data confirm and extend prior research highlighting the utility of financial capacity assessments in at risk samples.

ADOPTION OF OPERATIONAL ADMINISTRATIVE DECISIONS ON BASIS OF APPLICATION OF MS EXCEL SPREADSHEETS

Process of planning of cash flows on defense industry enterprises by means of MS Excel spreadsheets is considered. The mechanism of scheduling of income, the plan of expenses and the budget of cash flow is described. It is revealed that for the solution of a number of economic and financial tasks it is expedient to use numerous opportunities of spreadsheets. It is shown that specialized software can not always consider all subtleties of financial activity of the enterprises therefore automation needs to be carried out taking into account specifics of the enterprises. The instrument of increase in efficiency of adoption of the operational administrative decisions based on existence of the qualitative administrative reporting is considered. Minimum necessary forms for drawing up the budget of cash flow which can be realized by means of MS Excel spreadsheets are given. Logical process of efficiency of control of cash flows for adoption of short and long-term administrative decisions is constructed.

Informant Report of Financial Capacity for Individuals With Chronic Acquired Brain Injury: An Assessment of Informant Accuracy.

Primarily, to investigate the association between informant report and objective performance on specific financial capacity (FC) tasks by adults with chronic, moderate to severe acquired brain injury, and to examine the nature of misestimates by the informants. Cross-sectional design. A postacute, community-based rehabilitation center. Data were obtained from 22 chronic acquired brain injury (CABI) adults, mean age of 46.6 years (SD = 8.67), mean years of education of 13.45 years (SD = 2.15), with moderate to severe acquired brain injury (86% had traumatic brain injury), with a mean postinjury period of 17.14 years (SD = 9.5). Whereas the CABI adults completed the Financial Competence Assessment Inventory interview-a combination of self-report and performance-based assessment, 22 informants completed a specifically designed parallel version of the interview. Pearson correlations and 1-sample t tests based on the discrepancy scores between informant report and CABI group's performance were used. The CABI group's performance was not associated with its informant's perceptions. One-sample t tests revealed that informants both underestimated and overestimated CABI group's performance. Results indicate lack of correspondence between self- and informant ratings. Further investigation revealed that misestimations by informants occurred in contrary directions with CABI adults' performance being inaccurately rated. These findings raise critical issues related to assuming that the informant report can be used as a "gold standard" for collecting functional data related to financial management, and the idea that obtaining objective data on financial tasks may represent a more valid method of assessing financial competency in adults with brain injury.

Measuring the environmental performance of green SRI funds: A DEA approach

In this paper, we tackle the issue of evaluating an important class of green investing that integrate classical financial tasks with some environmental issues: the so-called green mutual funds.In order to do this, we first propose three measures of environmental sustainability which may give financial agents information on the greenity of their investments. These alternative indicators could serve as an overall measure of environmental sustainability and overcome the drawback that limits the evaluation of green investments to the measurement of CO2 emissions while often more than one environmental aspects may be considered.Secondly, we propose some models aimed at evaluating the performance of green mutual funds by taking into account the proposed environmental measures as well as some classical financial indicators. The analysis is carried out in a Data Envelopment Analysis (DEA) framework, since DEA models can consider strategic non-financial objective measures in addition to traditional financial metrics in order to give a more balanced view of socially responsible investments (SRI). The presented models include indicators of environmental sustainability in different ways, either by penalizing a high environmental consumption or by rewarding an environmental saving entailed by a low consumption. The environmental measures and the models proposed are applied to a set of European green funds in the periods 2012–2015 and 2010–2015 to conduct an extensive analysis.

Naps Do Not Change Delay Discounting Behavior in Young Adults.

When offered a choice of $40 today or $50 later, many would choose the immediate reward over the greater delayed reward. Such behavior is a result of future gains being discounted such that their value is rendered less than that of the immediate gain. Extreme discounting behaviors are associated with impulsivity and addiction. Given recent evidence of sleep’s role in decision making, we tested the hypothesis that sleep would reduce delayed discounting behavior. Twenty young adults (M = 20.19 years, SD = 0.98 years; 6 males) performed a hypothetical delay discounting task, making a series of choices between an immediate reward (from $0 to $50) or a larger reward ($50) available at a delay of 2, 4, 8, 14, or 22 weeks. Participants performed the task before and after a mid-day nap, and before and after an equivalent interval of wake (within subject, order counterbalanced, wake, and sleep conditions separated by 1 week). As expected, indifference points decreased with longer delays both prior to and following the nap/wake interval. However, the impact of a nap interval on discounting did not differ from the impact of a wake interval. Thus, while sleep has been shown to play an active role in some financial decision-making tasks, a nap is not sufficient to change delay discounting behavior.

NEURAL NETWORK MODEL OF DIAGNOSTICS OF STAGES OF DEVELOPING CORPORATE BANKRUPTCY

The article deals with the problem of developing an information and mathematical model to support decisionmaking on the restructuring of corporate debt in the banking technologies of financial management. The purpose of the article is to create a model that allows diagnostic of the stages of developing corporate crisis in difficult conditions of incomplete and noisy data. The model should serve as a tool for improving the objectivity and quality of decisions on the restructuring of corporate debt. The study was conducted on the basis of neural network modelling and system analysis methods, methods of decision-making theory, a solution of inverse problems of interpretation, i.e. extraction of new knowledge from data. We developed an original method of constructing neural network logistic model of bankruptcies (NNLMB) in the difficult conditions of the simulation. New features of the method, increasing the predictive power of the model, are: 1) optimal selection of factors using Bayesian ensemble of auxiliary neural networks, performing compression of factor space; 2) step compression of factors based on the generalized Harrington desirability function; 3) regularization of the main (working) neural network model on Bayesian ensemble of neural networks. NNLMB is tested on real data from corporations of the construction industry. The number of correctly identified objects on the test set was more than 90% on all neural networks of the ensemble. In NNLMB, a sufficiently high prognostic quality of the neural network model is provided by new features of the method and generates an emergent effect, which was proven in computational experiments: the improvement of the quality of the neural network model by the criterion of correctly identified objects Θ is 3.336 times with the compression of factors by 1.35 times. NNLMB can be applied to a wide range of financial management tasks.

Uso de la función Solver de Excel para el cálculo de la velocidad de corrosión de acero al carbono en una solución de NaCl al 3,5 % saturada de oxígeno, O2 Un tutorial práctico

<p>Excel es un programa informático desarrollado y distribuido por Microsoft Corp. que permite realizar tareas contables y financieras mediante hojas de cálculo, forma parte de Microsoft Office y es utilizado en gran parte del mundo. Permite realizar muy diversas operaciones, incluye el complemento Solver. Con este complemento es posible el ajuste de datos experimentales utilizando funciones lineales y no lineales. Estas tareas son comunes en los prácticos de laboratorios de cursos de físicoquímica y electroquímica, específicamente en el ajuste de datos experimentales de curvas corriente-potencial a modelos cinético electroquímicos no lineales. Estos modelos permiten el cálculo de la velocidad de corrosión de acero al carbono en condiciones de cinética de control mixto. Este tipo de experiencias teórico-prácticas de laboratorio le permiten al alumno integrar conocimientos de físicoquímica y electroquímica con conocimientos de matemáticas y computación.</p>

The ability to apply numerical concepts in financial tasks

The ability to apply numerical concepts in financial tasks

Financial capability and functional financial literacy in young adults with developmental language disorder.

BackgroundFinancial capability is an essential feature of the organisation of one’s personal life and engagement with society. Very little is known of how adequately individuals with developmental language disorder handle financial matters. It is known that language difficulties place them at a disadvantage in many aspects of their development and during their transition into adulthood, leading to the possibility that financial issues may prove burdensome for them. This study examines the financial capability and functional financial literacy of young adults with developmental language disorder and compares them to those of age matched peers. We tested the expectation that those with developmental language disorder would find financial management more challenging than would their peers, and that they would need to seek greater support from family members or other people.MethodsParticipants completed a detailed individual interview, which included items drawn from the British Household Panel Survey and additional measures of financial capability, functional financial literacy and of perceived support. Nonverbal IQ, language, reading and numeracy measures were also collected.ResultsCompared to typically developing age matched peers, young people with developmental language disorder report less extensive engagement with financial products and lower competence in functional financial literacy. A considerably higher proportion of those with developmental language disorder (48% vs. 16% of age matched peers) report that they draw on support, primarily from parents, in various financial tasks, including paying bills, choosing financial products, and taking loans from family or friends.ConclusionsThis is the first study to consider the financial capability skills and functional financial literacy of young adults with developmental language disorder. We provide novel evidence that some young adults with developmental language disorder lack functional financial skills and require support to successfully manage their finances. This has policy implications that relate not only to engaging affected individuals in discussions about financial management but also to wider familial support.

Approximate Algorithms for Estimating Trends in Financial Intelligence Tasks. Part II. Instants of Origination of Elements of Financial Flow are Unknown

Approximate Algorithms for Estimating Trends in Financial Intelligence Tasks. Part II. Instants of Origination of Elements of Financial Flow are Unknown

REMONA Model for Improving Quality of Corporate Informatics Performance Management: How to Cut Cots in Corporate Informatics

Purpose: This paper studies the introduction or increasing of the ability to manage performance in an organization environment. The paper’s objective is to facilitate the solution of this problem. Its main goal, meanwhile, is to present the REMONA model and the results of its implementation and to spark professional discussion of the concept behind it.Methodology/Approach: A model will be created to demonstrate the use of the created artifacts within two sub-areas in the environment of two international companies (a consulting firm and an automotive firm) while using the proposed methodology. The model and the methodology will be evaluated for their creation in an organization environment and communication in the entire area.Findings: Pilot implementation was performed at two companies. It was proven that the proposed REMONA model makes it easier to process and analyze certain financial tasks that are presently considered crucial. The implementation of REMONA model will mainly find use in service or manufacturing companies.Research Limitation/implication: The REMONA model has only been tested and verified in IT services within service-oriented companies and the automotive industry.Originality/Value of paper: The paper is valuable for IT managers, and especially CIOs – Chief Information Officers – and project managers. They can find here inspiration for cost allocation, planning, and profitability management in IT services. The article also briefly presents practical experiences with the model’s implementation at two international corporations.

Managing money matters: Managing finances is associated with functional independence in MCI

Previous research suggests that overall experience participating in instrumental activities of daily living (IADLs) is associated with reduced IADL impairment in individuals with mild cognitive impairment, possibly because of an increased functional reserve. Given that difficulties managing finances tend to occur with mild cognitive impairment, this study explores whether experience managing one's finances is associated with independence across various IADLs. Participants with a screen or baseline diagnosis of mild cognitive impairment (n=862) were taken from the Alzheimer's Disease Neuroimaging Initiative study. Functional dependence and experience were quantified from the Functional Activities Questionnaire. No group differences between those with and without financial management experience existed in Mini-Mental State Examination scores, age, and years of education, although women were more likely to have experience managing finances (P<.001). Final chi-square analyses suggest that financial management experience is significantly associated with greater independence in the ability to follow TV, books, or magazines (P=.009) and remember appointments and important dates (P=.002). Individuals who are rated as having experience in managing their finances were also rated as being less dependent in their ability to follow and understand TV and books and in their ability to remember appointments and important dates. Neither causation nor the mechanisms underlying this relationship can be discerned from these analyses. Therefore, further research is needed to investigate whether engaging in financial tasks protects against early financial impairment, potentially through an increased functional reserve.

The Household CFO: Using Job Analysis to Define Tasks Related to Personal Financial Management

In many ways, the management of a household’s personal finances is a job that can be analyzed and evaluated like other occupations. Household financial management has several criteria of performance (e.g., savings rate, net worth) making it possible to evaluate the relative effectiveness of an individual in the particular job. In the relatively young field of financial planning, there has been little analysis of the myriad tasks and behaviors that are included in the role of a household financial manager, or what we term household chief financial officer (HCFO). Using techniques from industrial psychology and personnel selection, namely job analysis, the current paper attempts to define categories of critical tasks and behaviors of the HCFO job using two studies. In Study 1, we examined the frequency and importance of a series of household financial tasks using a sample of affluent individuals responsible for financial management within their households. This study provided a rank order of critical tasks through the creation of an overall criticality score. In Study 2, we examined the frequency of engaging in household financial tasks using a crowdsourced sample of individuals responsible for their household financial management to determine if the same tasks would be identified as frequent within a comparison group. The results of the studies identified the frequency of engagement of financial tasks across the two samples, as well as differences in frequent tasks between the two samples. This paper adds to the literature in two noteworthy ways. First, the paper illustrates how concepts from industrial psychology can be applied to situations outside traditional organizational structures. Second, the paper adds to the multidisciplinary nature of financial planning by identifying the critical tasks of any HCFO and highlighting potential predictors (knowledge, skills, abilities, and other characteristics, or KSAOs) that can be used to assess and ultimately develop those who are in the role of managing their household’s finances.

Financial Capacity and its Cognitive Predictors in Progressive Multiple Sclerosis.

Financial capacity is a cognitively-complex activity of daily living that has been shown to decline in a number of neurocognitive disorders. Although it has been well established that cognitive decline is common in multiple sclerosis (MS), little is known about possible financial capacity impairment in people with MS. Thus, the objective of the current study is to investigate financial capacity and its neurocognitive correlates in MS. Data from 22 people with progressive MS and a healthy comparison group composed of 18 adults were analyzed. MS diagnoses were made by a board-certified neurologist with experience in MS. Study participants were administered the Financial Capacity Instrument, a performance-based measure of financial capacity, and neuropsychological battery. Overall financial capacity and most complex financial domains were significantly poorer for people with progressive MS in relation to the healthy comparison group, and a number of cognitive variables were associated with financial capacity declines. Financial capacity is a complex cognitively-mediated functional ability that was impaired in 50% of the current sample of people with progressive MS. These results indicate that people with progressive MS are at greater risk for showing impairment in complex financial tasks and should be clinically monitored for possible deficits in financial capacity.

Developing and Validating the Scale of Economic Self-Efficacy.

Experiencing intimate partner violence (IPV) and financial hardship are often intertwined. The dynamics of an abusive relationship may include economic abuse tactics that compromise a survivor's ability to work, pursue education, have access to financial resources, and establish financial skills, knowledge, and security. An increasingly common goal among programs serving IPV survivors is increasing financial empowerment through financial literacy. However, providing financial education alone may not be enough to improve financial behaviors. Psychological factors also play a role when individuals make financial choices. Economic self-efficacy focuses on the individual's perceived ability to perform economic or financial tasks, and may be considered a primary influence on one's ability to improve financial decisions and behaviors. The current study tests the reliability and validity of a Scale of Economic Self-Efficacy with a sample of female survivors of IPV. This study uses a calibration and validation analysis model including full and split-sample exploratory and confirmatory factor analyses, assesses for internal consistency, and examines correlation coefficients between economic self-efficacy, economic self-sufficiency, financial strain, and difficulty living with income. Findings indicate that the 10-item, unidimensional Scale of Economic Self-Efficacy demonstrates strong reliability and validity among this sample of IPV survivors. An ability to understand economic self-efficacy could facilitate individualized service approaches and allow practitioners to better support IPV survivors on their journey toward financial empowerment. Given the increase in programs focused on assets, financial empowerment, and economic well-being, the Scale of Economic Self-Efficacy has potential as a very timely and relevant tool in the design, implementation, and evaluation of such programs, and specifically for programs created for IPV survivors.

PharmacisttS Professional Feature Sand Work Gratification

Pharmacists have the opportunity to play a greater role in shaping health care delivery with patients, especially those with chronic diseases. Pharmacists experience includes management therapy treatment, preventive health services and primary health care. These services are most effective when the pharmacist is included in large multidisciplinary teams. Responsibility of the druggist includes specters of care for patients, from distribution of medicines to control of patient health and progress to maximize their answer to medicine. Druggists train consumers and patients on use of drug instructions. Chemists advise doctors, nurses, and other improving professionals about using medicine. Pharmacists taking more clinical roles that have traditionally been made by doctors, such as management of asthma and diabetes, as well as testing blood pressure. They also help people stop smoking, change diet to make them healthier and advice on sexual health matters. Some pharmacists have their own business and enjoy the financial management tasks and responsibilities of personnel. Others work for large networks in the street pharmacy. While some chains pharmacists dispensing with traditional roles of content medicine and patient education. Today, thousands of the chain pharmacists are certified to vaccinate patients against influenza and pneumonia, and many also earn a nationally recognized authority in pharmacy administration in areas of disease mileage, diabetes, high blood pressure, high cholesterol and anticoagulation therapy. There are also many other features of patient care, including the cessation of smoking, recipes specialty herbs and other alternative drug therapy and screening programs such detect osteoporosis and high cholesterol. Pharmacists assist patients to assume a more active role in their health. Work gratification is described at this point as pleasant or positive emotional state the evaluation of their work or work experience. The results of pharmacist work gratification from the perception that performs its task, or allows the execution of its own important values job, provided that to extent that these values are comparable to their needs. Work gratification is affective and emotional response to the various aspects of work. Pharmacist work gratification or dissatisfaction plays an important role in many aspects of pharmacy practice. Article shows that poor work gratification is directly related to the implementation, especially for professionals like...

Approximate Algorithms for Estimating Trends in Financial Intelligence Tasks. Part I. Moments of Financial Flow Elements Appearance are Known Exactly

Approximate Algorithms for Estimating Trends in Financial Intelligence Tasks. Part I. Moments of Financial Flow Elements Appearance are Known Exactly

Mobile applications: A boon to human

Many mobile applications, from those that remind us about morning meetings to those that gives us life updates from friends, have made our life easier. Applications play a very important role and have huge impact in our lives. After the development of these mobile apps, financial, business and personal tasks have become so much easier and are now mobile friendly. Smartphone's boast so many applications which cater to almost all the age groups ranging from kids to elder people. Now even government understands the importance of these apps in our lives and therefore, is encouraging the introduction of new apps for the purposes of cashless transactions, e-wallets, digilockers, etc., integrating this with their objective of e-governance.

The Impact of Past Outcomes on Choice in a Cognitively Demanding Financial Environment

We investigated through a laboratory experiment whether performance in a cognitively demanding financial task can depend on prior outcome from independent and unrelated financial tasks. Subjects first faced a sequence of lottery choice problems, which generated a financial history, and then allocated a budget across two deterministic options, one with a linear, and the other with a highly non-linear return function. We found that more negative financial outcome histories tended to produce poorer cognitive performance. We also found that the proportion of subjects providing the poorest performance was independent of specific history, suggesting that performance of weaker sections of the population may be immune to prior personal experience.