History of accounting, business administration doctrines and development of new methods of management in Italy and Russia, 2011
The book is collected scientific papers on the accounting, finance, management and business administration in organizations. The issues of economic analysis and finance in organizations, applications of quantitative methods in economic research, modern methods of decision support, management and administration and also different aspects of innovation systems are considered.
Presented such elements accounting system as: category and prisiples of accounting, accounting method, organizations of accounting.
This paper analyses from a financial perspective one of the most controversial of company assets, namely goodwill. The controversial nature of goodwill lies not only in its definition but also in its evaluation and accounting disclosure, giving rise in recent years to an important line of research centred on impact of goodwill on company performance.
The paper has a two-fold objective: First, to compare international and national standards of accounting of goodwill, to work out a number of suggestions for unification and optimising of accounting methods; and secondly to evaluate the impact of goodwill from the perspective of company value. The comparison focuses on the advantages and potential complexities of international standards highlighting the many problems and ambiguities that will arise in the application of those rules for Russia. On the other hand, we underline that both the acquired and the generated goodwill influence the value of a company and unifiacation of accounting methods is inevitable.
The paper gives an overview of current situation in tourism industry in Russia. This research studies some economic effects of tourism in Russia in comparison with other countries and assesses the multiplicative effect of tourism on the country economy. The research is based on data of Rosstat and WTTC. The analysis can provide useful information to help maximize the economic impact of tourism on the economy of Russia and give a forecast of tourism development in the country.
Authorities of the state regulation, creditors and investors are interested in getting reliable information about the banking sector activities. The procedure of bank financial soundness and accountability evaluation is carried out by supervision authorities as well as by international and national rating agencies. The analysis of the methodologies of bank accountability evaluation and forecasting in Russia shows the following results. The Bank of Russia makes decisions on banks financial soundness based on financial coefficients of different groups; the calculations are grounded on the official bank statements. Apart from financial indicators, rating agencies evaluate qualitative parameters of the bank activities. The common problem of the bank financial accountability analysis in Russia is the lack of use of the forecasting methods predicting the financial statement of banks and the probability of default. As a result, the problem-free banks corresponding to the demands of the supervision authorities on standards were considered to be problematic during the crisis. The aim of this research is the dynamic analysis of the main indicators of the Russian banks activities at the different stages of the economic cycle in order to identify the indicators of the early bankruptcy prediction and the opportunity to forecast the changes in the bank financial statement.
Taking into account the transformation in economic reality towards knowledge economy, it seems logical for company’s intellectual capital to be treated not as a cost but as an investment. Intellectual capital is a resource of creation value equal to physical assets and financial capital. In order for the new system to be consistent it is necessary to define new index of intellectual capital efficiency in the value creation.
Using the theory of efficiency value added by the major company’s resources that are physical capital, human capital and structural capital this paper examines the association with company’s profitability, productivity and market value. Data is drawn from a sample of 56 Russian publicity traded firms from sectors heavily reliant on intellectual capital that are communication systems, instrumentation, pharmacology and financial services. Empirical research is conducted using correlation and linear multiple regression analysis.
The paper discusses anti-corruption effects of public procurement reforms in Russia.
Reforming of the Russian accounting system to the international standards has advanced necessity of transformation of the accounting (financial) statements of domestic companies. However, lack of uniform methods of the transformation and proper software doesn't allow preparing the clear and transparent information, which is the cause of ambiguities outwardly of like financial performance with the same name. As a result the transformed reporting practically is not comparable to the original source, its users are deprived possibility of the analysis of the received divergences. In this regard it is necessary to understand the economic content of reporting data, generated in accordance with various rules of accounting. In this paper, this issue is addressed by the example of cash flow statement.
This report is devoted to the procedure of gathering and classification of information, which is used for economic analysis and internal control of innovation activity.
The research offers classification model and principles of information structuring for analysis and control of innovation activity.
Suggestions in the article could be used in economics universities for development of such disciplines as fiscal accounting, management accounts, economic analysis and also for training and professional development of finance specialists.
The research could be interesting for scientists, and have significant practical importance.