Indicators Of Financial Statements Research Articles

Emerging ICT clusters in the Western Balkans: A convergence model based on financial statement analysis

The Western Balkans is experiencing an ongoing inflow of foreign direct investments (FDI) in the information and communications technology (ICT) industry as several European enterprises have already established their presence in the region. These inflows have generated large-scale ICT investments in the region, creating new knowledge-based clusters and technology spillovers in regional economies. On the basis of financial statement indicators collected for 327 European and regional ICT enterprises and on panel data estimation, this paper tries to estimate technology transfer in the Western Balkan region. Specifically, the proposed model examines cluster spillover effects in improving the absorptive capacity of the Western Balkan region in creating a pool of specialized local suppliers and a talented regional labor force. Model estimation results indicate that limited spillover effects have occurred from the newly created clusters of European ICT enterprises in the regional economy of the Western Balkan region. Spillovers related to improved technical capabilities, increased labor productivity, higher resource efficiency, and flexible operational structures require further stimulation to speed up convergence and integration of the local ICT industry in the corresponding European value chain. Finally, this paper concludes that competitive advantages such as a cheap labor force are no longer feasible for sustainable development. To narrow down the existing know-how gap, particular efforts are required regarding policies focused on educating human capital and transforming regional enterprises to successfully compete in the European market.

Financial Analysis and Valuation of Tesla Inc.

As the head of the new energy vehicle industry, whether Tesla's market value is overvalued compared to the industry average, and whether the new energy vehicle market outlook is optimistic has been a hot topic. This paper firstly compares and analyzes the business performance and several financial statement indicators of Tesla and other companies involved in the production of new energy vehicles, points out the huge difference between Tesla's valuation and its performance, and secondly analyzes the reasons for the difference in Tesla's valuation through the industrial structure and strategy of Tesla, and points out that Tesla's market value hides the capital market's special premium for technological innovation industry, high threshold industry, and environmental protection energy development. Tesla's market capitalization has a special premium for technological innovation, high-threshold industries, and environmental energy development. Finally, this paper judges the considerable development potential of the new energy vehicle industry in the new era of environmental awareness and points out that it should analyze the industry with future expectations as the main indicator and view the valuation from a long-term investment perspective.

Zoning and forecasting as the basis for sustainable spatial development (on the example of the territories of the Republic of Karelia)

abstractPurpose: is to develop a methodology for zoning and socio-economic forecasting of the state of the northern and arctic territories in order to produce a conceptual framework to ensure their sustainability.Methods: the work is based on the statistical indicators and rating scores of the spatial development of the territories of the Republic of Karelia, indicators of financial statements of companies operating in the region, and other public information about them for 2010-2021. A number of methods of multivariate statistics, in particular, cluster and regression analysis, mapping method and scenario approach were used to analyze the data.Results: the study shows the importance of zoning and forecasting in the design and implementation of sustainable spatial development policy, as well as the need to update and adapt existing tools to new challenges and characteristics of the regions. The methodology of zoning of territories, based on the existing economic relations between actors and the role of human capital in sustainable development was developed. The methodology of mediumand long-term forecasting of socio-economic space, taking into account the mutual influence of adjacent territorial units, was proposed. The methods have been tested for the Karelian Arctic and economically connected territories of the North; a dynamic zoning model has been built. The forecast of mediumand long-term development of this space was carried out with the use of institutional innovations and overcoming of "bottlenecks" by the subjects of management.Conclusions and Relevance: the results obtained can become the basis for the policy of regional development. The paper proposes a conceptual framework of sustainable development strategy for the territories of the Republic of Karelia under consideration. It is shown that one of the fundamental problems of the majority of the northern territories is low human capital characteristics; in this connection a number of institutional changes, in particular, affecting the methodology of calculating social deductions for personal income tax and issuing referrals for targeted training, is proposed. This determines the practical signifi e of the study. The continuation of the work will be the detailing of the policy of sustainable development of Karelia.

ANALYSIS OF THE DYNAMICS OF THE INTEGRAL RATING OF RUSSIAN COMPANIES ACCORDING TO A TWO-STAGE PROCEDURE, TAKING INTO ACCOUNT THE RISK

The article is devoted to the development and justification of a multi–stage system of ranking and indexing of leading companies of the most important energy production sectors of the Russian economy - electric power industry and the oil and gas industry. The authors use a financial analytics apparatus based on regular financial (accounting) statements of companies according to accepted forms, a balance sheet and a report on financial results are applied. The authors developed and tested a methodology for sub–indexing important indicators of financial statements: total assets, capital structure - borrowed and own funds, net profit. The author's methodology allows for an express analysis of important indicators of companies' performance and to build an integral rating. The authors performed a comparative analysis of the rating of the leading companies in the oil and gas and electric power industry of Russia for several periods and obtained results that will allow making decisions that contribute to the stable development of companies for many years.

სამშენებლო კომპანიების ფინანსური მდგომარეობის ანალიზი და მისი სრულყოფის მიმართულებები

The best way to objectively evaluate the proper functioning and financial results of construction companies is to analyze their financial situation. As a result of the analysis of the actual situation, it is possible to make a forecast about the future stability of the company, or on the contrary, based on the mentioned information, expected threats can be avoided. The purpose of the present study is to develop directions for improving the financial condition of construction companies and to formulate appropriate conclusions and recommendations based on the practical analysis of the financial condition of these companies. There are a number of serious gaps in the regulations in the construction sector, which require timely completion. The analysis of the current processes in the construction sector reveals that the field is currently developing on its own. It is necessary to fully introduce modern construction regulations in Georgia and to regulate the construction field. It is important that continuous and active work in this direction is carried out. Regulation of the construction sector should be implemented through the coordinated work of state agencies, international organizations, construction industry and academia. It is important to fully realize the importance of international standards and make decisions with the participation of a properly informed construction sector. In our opinion, for the state regulation of business, it is necessary to correctly analyze the country's development indicators, take into account specific conditions and determine the possible directions of business development. A rational coordination of strategic and operational goals should be implemented and an organic relationship between the market and the state should be established, as a result of which the relations between the state and the construction market will be causally interconnected. Based on the analysis of the results of the research carried out by us, it is possible to formulate the main conclusions and recommendations of the existing problems identified in the research process: • Preparation and analysis of financial statements will provide significant assistance to the construction companies themselves (both management and owners) in objective assessment of past activities and making correct forecasts, therefore the financial services of construction companies should permanently analyze the main indicators of financial statements, study changes in these indicators and negative Taking preventive measures in case of detection of trends. • The ability to analyze financial statements will increase the interest of potential investors in terms of investing in a specific company, which in itself will help construction companies to find an alternative source of financing, that is why companies should provide presentation of financial statements in the language of business; • The availability of financial statements will allow stakeholders to calculate average risk-weighted figures for this particular area so that investors can conduct comparative analysis. Therefore, companies should ensure that audited financial statements are published publicly; • Preparation and submission of financial statements will promote business transparency, which is part of corporate responsibility to the people who buy construction products. Therefore, we consider it expedient to implement special trainings for raising the qualifications of financial managers and accountants of the construction sector, which will be drawn up directly taking into account the specifics of the field and will help the personnel working in this field to carry out reliable and legally compliant activities. According to the results of the research, we evaluated the solvency of "Anagi" LLC and "Ace Georgia" LLC and we can conclude that "Anagi" LLC is characterized by a steadily increasing development trend according to each of the indicators given above, while the financial indicators of "Ace Georgia" LLC do not allow making reliable forecasts. Since the company is characterized by a downward trend and its financial result for the considered three years is a loss. In the process of searching for the causes of these radically different results, we came to the conclusion that if the organization perfectly produces not only financial statements, but also management statements, its successful operation is not threatened. In this process, management reporting information is important especially because it allows the company's management to develop relevant financial policies to achieve the company's financial stability and profit maximization.

Rating of Stability of Russian Companies in Oil and Gas and Electric Power Industries Based on Interval Volatility

The authors propose an instrumental apparatus for calculating the ratings of Russian companies in the oil and gas and electric power industries based on a weighting method, risk assessment using the minimax criterion and an intellectual tree structure. The relevance of the developed system is justified by the need to create Russian rating systems for companies that will represent their actual state and place in the analyzed group. The problem of data redundancy has been solved by using the hierarchical principle for the isolated indexing of absolute and relative indicators from the financial statements of the companies in question into sub-indexes, with further integral indexing and correction for the volatility of changes over the past three years. The authors used a financial analytics apparatus based on the regular financial (accounting) statements of companies according to accepted forms, and balance sheets and reports on financial results were applied. The authors developed and tested a methodology for sub-indexing important indicators of financial statements: capital structure—equity, debt capital, highly liquid assets (cash and settlement accounts in reliable banks, short-term financial investments) and net profit. Based on the results of the analysis, recommendations are provided for the long-term development of the energy business.

Problems of reflecting income and expenses of future periods in accounting and financial statements

The article deals with the issues of accounting and reflection in the financial statements of such objects as income and expenses of future periods. The presence of problems and contradictions in the interpretation of the economic content, name, accounting and reflection in the financial statements of these objects is substantiated. Based on the analysis of scientific publications, the existence of opposing scientific opinions on the expediency of saving income and expenses of future periods as objects of accounting and indicators of financial statements is shown. As a result of the study of the dynamics of the adoption of Russian accounting standards, the existence of a trend towards a reduction in the regulations in these standards relating to accounting and the reflection in the financial statements of income and expenses of future periods is substantiated. The prospects for further normative regulation of accounting and reflection in the financial statements of income and expenses of future periods are considered. The research methods were comparison, analysis, synthesis, grouping method, generalization, systematization, logical and system approaches. The results of the study complement the study of the problems of modern accounting and accounting reporting.

Analyses of the operating performance of information service companies based on indicators of financial statements

This study aims to discuss the operating performance of information service companies based on three major indicators of financial statements, namely, cost and expense, solvency, and operating capacity, in order to provide a basis for management when making operational decisions. This study used the data of financial statements, extracted from the Taiwan Economic Journal (TEJ) database, regarding listed and OTC companies that operated in the information service industry from 2010 to 2019. A total of 328 sets of valid reference data were obtained, including 109 sets of data about listed companies and 219 sets of data about OTC companies. Operating performance was measured by gross profit margin. Operation management capability was measured by the operating expense ratio, labor cost ratio, R&D cost ratio, quick ratio, cash flow ratio, debt to equity ratio, accounts receivable turnover, inventory turnover, and fixed asset turnover. The business scale was used as a control variable. According to the empirical results, the gross profit margin of an information service company was higher if its operating expense ratio, labor cost ratio, R&D cost ratio, quick ratio, cash flow ratio, and accounts receivable turnover were higher, its debt to equity ratio and fixed asset turnover was lower, and its business scale was larger. Moreover, the regression results of principal elements on the operating performance show that the gross profit margin of an information service company was higher if it had better operation management, R&D capabilities, and solvency; while the gross profit margin of an information service company was lower if it had higher fixed asset turnover and inventory turnover (more frequent turnover operations). The empirical results of the principal elements of operating performance are consistent with the regression results. Finally, in order to improve market competitiveness through R&D and innovation, the managers of information service companies were recommended to increase their investments in R&D. In addition, it is suggested that the management of information service companies maintain high solvency liquidity to protect creditors’ equity, mitigate the risk of a financial strait, and further stabilize operations to improve operating performance.

ANALYTICAL ASPECTS OF CRISIS REPORTING

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

ANALYTICAL ASPECTS OF CRISIS REPORTING

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

Effects of financial statement and macroeconomic factors on risk measures of banks in India

This paper aims to analyse the effects of financial statement indicators and off-balance sheet items affecting risk measures among Indian banks employing both panel data regression and a non-parametric decision tree approach. We explore the effects of bank size, leverage, exposure to contingent liabilities including off-balance sheet derivatives usage and macroeconomic factors on risk measures for banks. In this paper, it is also aimed to examine the effects of the major financial liberalization policy period in the domestic market in India that started in the mid-1990s and ended around 2004 as well as impacts of the 2008 global financial crisis on the risk measures of banks operating in India. As risk measures, we present a comparative analysis of liquidity, solvency, and interest rate risk measures of Indian banks across public (government) and private ownership categories. Main findings from our study demonstrate (i) significant impact of capital adequacy and the bank size on all the risk measures, (ii) contingent liabilities (including derivatives usage) at banks is observed to significantly impact the asset management measure of liquidity risk and the solvency risk of banks, (iii) GDP growth is observed to impact the asset management and liability management measure of liquidity risk, (iv) the global financial crisis is found to have a significant impact on the liquidity risk measures and interest rate risk, but a weak effect on solvency risk of Indian banks, (v) bank ownership category (government owned versus private sector banks) is observed to have a significant impact on all the risk measures, and finally (vi) financial liberalization reforms had a highly significant effect on the liquidity risk at banks.

Influence of accounting rules for financial instruments on indicators of economic analysis

Accounting of any object provides information to reflect this object in the financial statements. Indicators of financial statements serve as the basis for calculating indicators of economic analysis, allowing to give an objective assessment of the activities of organizations. At the same time, changes made to accounting standards may lead to changes in the accounting rules for certain items. This may affect the value of these objects in the reporting, which in turn may lead to changes in the value of certain indicators of economic analysis. The value of the objects reflected in the statements may also be influenced by the organization’s choice of one or another option for accounting for the object permitted by accounting standards. This article examines the impact on the indicators of economic analysis of the rules for accounting for financial instruments of organizations. The significance of these objects in the modern activities of organizations, including healthcare organizations, is steadily increasing. At the same time, the rules for accounting for financial instruments can currently be changed (this is evidenced by the Russian accounting reform program). There are also problems in the choice of options for accounting for financial instruments by organizations on the basis of existing accounting standards. All this may affect the calculation of economic analysis indicators, including the values of financial instruments. This determines the relevance of studying the dependence of economic analysis indicators on the value of financial instruments formed in the reporting of organizations. The research methods were comparison, analysis, synthesis, grouping method, systemic and logical approaches. As a result of the study, the aspects of accounting of financial instruments that affect the indicators of economic analysis have been identified, and this influence has been systematized.

Verification of management staff’s statements in the extraordinary event audit

Introduction. Financial and economic activities of enterprises depend on a number of internal and external factors. Their influence is mostly regular. At the same time, there are circumstances, the content of which is unpredictable, and their impact on the activities of economic entities and on the information of financial statements is significant. These circumstances lead to extraordinary events, the content, nature and impact of which must be taken into account in decision-making by stakeholders. This necessitates an independent assessment of extraordinary circumstances and their consequences during the audit.The purpose of the study is to develop proposals for the procedural support of the methodology for the relevant indicators of financial statements auditing.Methods. The theoretical basis of the study is the research of scientists and practitioners on the identification, accounting and audit of extraordinary events. The methodological basis is determined by general scientific methods (abstraction, grouping, systematization, analysis, synthesis), used to improve the methodological approaches to the audit of extraordinary events.Results. The methodology for auditing extraordinary circumstances is based on the identification and evaluation of statements used by the management of the entity to reflect them in the financial statements. At the same time, these statements should relate to the content of events, their impact on the activities of the enterprise and the changes that occur in assets and sources of their formation. These statements can be investigated on the basis of audit evidence through procedures such as inspection, monitoring, external confirmation, recalculation, re-execution, analytical procedures and request.Discussion. The subject of further research may be methodological approaches to optimize the choice of audit procedures based on the ratio of feasibility and the amount of associated costs.

SPECIFICITY OF ORGANIC PRODUCTION IN UKRAINE AND ITS INFLUENCE ON THE FORMATION OF RELATED COSTS

The rapid development of organic production contributes to the improvement of the existing accounting system, which should reflect all the necessary information for management decisions. The purpose of the scientific publication is to study the organizational and technological features of organic production and their impact on the formation of related costs to identify problematic accounting aspects in the context of European integration. The research of opinions of modern scientists on actual questions of the account of manufacture of organic products is analyzed. The current state of development of the European consumer market of organic production is considered, it is noted that the active development of organic production in Ukraine contributes to its long-term success in the organic market of Europe. It is established that organic agricultural production in Ukraine is one of the main directions of development of the agricultural sector of the economy, the article identifies priority areas for achieving strategic goals of the state. The objects of accounting for the costs of organic production enterprises are revealed, their main characteristics are indicated. It is established that the system of accounting for the costs of organic enterprises should be uniform, so it must take into account the standards of organic production, production technology, the requirements of current legislation on production, circulation and labeling of organic products. The study analyzes that in recent decades, completely new methods of cost accounting and costing systems for organic products, which can be divided into three groups. The components of accounting and analytical support for information support and management of costs for the production of organic products are detailed. The specific features that affect the organization of accounting support for organic production are outlined, the main aspects are indicated. The article describes the structured methods of the concept of cost management through appropriate budget planning and regulatory cost accounting, the methods presented include basic principles. The need to reflect in the indicators of financial statements accounting data on the costs of organic production has been confirmed. According to the results of the study, the need to develop methodological tools for accounting for organic production was determined. With the development of organic production, an accounting system should be properly organized, which will help provide users with timely and accurate information on the production, storage and sale of organic agricultural products. It is established that the correct organization of accounting for production costs, in an organic enterprise, should ensure the efficiency and reliability of the entire management system, in particular to enable prompt receipt of true and complete accounting information about costs. The objects of accounting for the costs of organic production enterprises have been identified, which will allow to organize separate accounting of costs for the production of organic products, inorganic products and products of the transition period. It was found that the differentiation of such costs will help control the quality of products and allow you to adapt financial information to the needs of external and internal users.

Теоретико-змістовна характеристика визначення бізнес-моделі банку з державною участю

Modern Ukrainian banks with the State participation have different goals and functional purposes in their content, which continue to change in accordance with the transformation of the strategy of management of the banking system’s public sector. However, they play an increased social role, should stimulate the country’s economic growth processes and are now system important banks. In such a situation, the definition of an adequate business model of a bank with the State participation becomes relevant for the research of scholars and the implementation of results in the practical field. Banking institutions are subject to changes in the business model depending on external economic factors, which can be due to both changes in market needs and changes in the competitive environment or normative-legal regulation. This situation in the future can lead not only to changes in the business architecture of the banking sector, but also to impact the pace of economic growth of the country. The article considers modern approaches to the definition and distribution of banks with the State participation according to business models. The study of existing approaches to determining the business models of banks with the State participation in Ukraine allowed to define that the proposed methods are based on the indicators of financial statements of banks and make use of cluster analysis instruments. The proposed author’s improvement of the content of the concepts of «bank with the State participation» and «business model of the bank with the State participation» defined the direction of development of the categorical apparatus, which should specify the object of research, taking into account its functionality and its system and socioeconomic significance for the banking sector and the economy of Ukraine. The article substantiates the author’s view on the classification of banks with the State participation in business models, taking into account the vector of economic growth of the country.

On the Frequency of Monitoring and Updating a Company's Strategic Business Development Plans

Amid economic or political uncertainty, strategic planning is an integral attribute of the success of entrepreneurial activities. Strategic planning has a special advantage over other types of business planning, namely its dynamic nature, when the draft plan is adjusted to the changed conditions of the economic environment. But the launch of the plan adjustment process is complicated by the need to select significant indicators of economic processes, on the basis of which the adjustment will be made. The main tool for the company’s management team to address the question of the frequency of the plan updating is the use of accounting and financial statement indicators. The purpose of the work is to analyze alternative methods of making managerial decisions in relation to the adjustment of strategic plans of the enterprise development. The main disadvantages of the management control system are identified on the basis of accounting and financial statements. The authors suggest such alternatives as making management decisions on the basis of intuitive understanding of the economic reality and the use of neural networks to monitor the economic environment at both the macro and micro levels, in order to trace any deviations from the specified vector of development. They also highlight the main advantages and disadvantages of the proposed tools. Thus, the main disadvantage of the intuitive managerial decision-making is the loss of verifiability of the proposed response measures; as for artificial neural networks, the main disadvantages here are a complex mathematical apparatus and a very time-consuming process needed for the effective network training.

Current issues of using discounted value in financial statements

Subject. We address the determination and use of discounted value in the preparation of financial statements under IFRS and problems associated with this estimate, including in circumstances of pandemics. Objectives. We focus on a comprehensive study of the purpose, reasons, methods of calculating and applying the discounted value in the process of preparing the financial statements, and consider factors that affect the estimate and its changes, as well as its impact on the indicators of financial statements. Methods. The study employs methods of logical, statistical, comparative, and linguistic analysis. We also review foreign and Russian scientific and practical literature, the rules contained in the Conceptual Framework for Financial Reporting, consolidated financial statements of Russian public companies for 2019 and 2020. Results. We unveil problems associated with the use of discounted value and the area of its influence, make proposals to improve its measurement and disclosure in the preparation of financial statements. The scope of application of the results obtained includes: building up regular reporting by economic entities, primarily in terms of determining the discounted value, including in the direction of coordinating financial and non-financial reporting information and improving the reliability of disclosures and their analytic function. Conclusions. To improve the reliability of financial statements, it is crucial to expand disclosures about approaches and assumptions used in measuring the discounted value and coordinate information about the elements of discounted value with non-financial reporting data.

Оценка влияния детерминант на стоимость компаний добывающей и обрабатывающей промышленности

The article is devoted to studying the evaluation of the determinant factors of the value of state-owned companies, which present the competitive and investment-attractive segment of the economy with high export potential. There are considered the applied aspects of the problem and the influence of financial and non-financial factors on the value of companies, such as: return on assets, return on equity, return on invested capital, leverage, earnings per share, dividends per share, company size, company age, share of fixed assets. The research hypothesis that the selected determinants are significant and affect the value of companies with state participation are examined. The analysis is based on data from public reports of Russian producing and processing companies. The sample includes the data for 2010-2019. Companies with state participation and industry affiliation were selected; a database of indicators of financial statements of selected companies was formed; the financial indicators-factors have been calculated; the relationship of factors with the resulting indicator is determined. It has been inferred that the determinants “earnings per share” and “net working capital” are statistically significant and have an impact on the enterprise value in the industry under study

LEGISLATIVE REGULATION OF ORGANIC PRODUCTION ACCOUNTING IN UKRAINE

The article examines the opinions of scientists on topical issues of accounting for organic production. The current state of the world consumer market of eco-products is revealed, the active growth of consumer demand for organic products is noted. The legal regulation of organic production is studied, and different views of scientists on the directions of improvement of the current legislation in Ukraine are revealed. The consolidation of the content of the so-called «organic» is presented at the legislative level. The organization of primary accounting of economic operations related to organic farming on domestic agricultural enterprises is studied. The necessity of development of standard forms of documents and Methodical recommendations on the organization of accounting in the conditions of organic production in Ukraine is considered. The main branches of organic production in Ukraine are studied. Peculiarities and shortcomings in the formation of accounting policy at «organic enterprises» are presented. The list of standard documentation of «organic enterprises» on the account of production of organic crop products is considered. The imperfection of the regulatory framework and the lack of proper information support, as well as their impact on the work of «organic enterprises». The need to reflect in the indicators of financial statements accounting data on the costs of organic production and the availability and movement of organic agricultural products has been confirmed. According to the results of the study, the need to develop methodological tools for accounting for organic production was determined. With the development of organic production, the accounting system should be properly organized, which will help provide users with timely and accurate information on the production, storage and sale of organic agricultural products.

The Concept of Assessing the Level of the Enterprise Economic Security

Several problems can be identified in assessing the economic security of organizations. Most of the developed techniques in this area involve the assessment of the financial component of economic security using methods for assessing the probability of the bankruptcy of the enterprise. At the same time, there are no unambiguously recommended evaluation methods; often enterprises are limited to any one complex methodology. Any evaluation of the financial component of the security is reduced to the cost-benefit analysis and evaluation of balance sheet liquidity and the financial stability of the organization, without the formation of an integral indicator. This approach does not consider the nature of internal processes and assesses the final impact of these “processes” on the indicators of financial statements (based on which the assessment of the financial component of economic security is formed). Also, one of the problems of assessing economic security using mathematical models is the complexity of mastering these models and the lack of the programs for performing calculations. It should be noted that it is a characteristic of the largest number of studied methods that usually assess the current state of the enterprise, the complex methodology does not consider threats, the maximum that can be considered is a possible prevented damage. Nevertheless, working with threats in the assessment system allows us to predict the possible negative impact on the state of economic security. And timely prevent these situations or “take the risk”, since it is advisable to assess threats through risk indicators. Assessment of economic security is as important as any other economic analytical information needed for the timely decision-makin and the formation of proactive measures.