EFFECTIVENESS EVALUATION FOR THE FINANCIAL ACTIVITIES DEVELOPMENT MANAGEMENT OF AGRICULTURAL ENTERPRISES

Main Article Content

Oleksandr Barbiniahra

Abstract

Enterprises carry out financial activities to achieve their economic goals and objectives. It includes actions and operations that affect its equity and long-term liabilities. Any relation to the movement of money, i.e. the inflow and outflow of cash, is associated with financial activities. The financial activities development management is aimed primarily at ensuring continuous improvement of the enterprise's financial condition. This issue is especially relevant for agricultural enterprises in Ukraine, as they belong to the country's priority sector, which depends on the development of related industries and the national economy. The effectiveness of any management process needs to be monitored and therefore evaluated. However, currently, there is no method for assessing the effectiveness of financial activities development management of agricultural enterprises, which determines the importance of this study. The purpose of the article is to develop a methodology for assessing the effectiveness of financial activities development management of agricultural enterprises and to diagnose the agricultural enterprise based on the proposed methodology. The article substantiates that under the condition of enterprise financial activities diagnostics on the basis of internal data, it is expedient to use indicators of financial condition for which there are established general or branch norms. As a result of the analysis of approaches of different authors, twenty indicators are chosen. Calculation formulas and normative values for these indicators are given. An assessment of the financial condition of State-owned enterprise "Experimental Farm" Yuzhnyi" Breeding and Genetic Institute - National Center for Seed and Variety Studies during 2015-2020 is carried out. The dynamics for financial condition indicators deviations from the norm is analyzed. The method for effectively assessing for the financial activities development management of agricultural enterprises is proposed, which is based on calculating the difference between the unit and the arithmetic mean of the absolute deviations from the norm of financial condition in the current year to the maximum deviations during the study period.

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Article Details

How to Cite
Barbiniahra , O. (2021). EFFECTIVENESS EVALUATION FOR THE FINANCIAL ACTIVITIES DEVELOPMENT MANAGEMENT OF AGRICULTURAL ENTERPRISES. Global Prosperity, 1(3-2), 111–119. Retrieved from https://gprosperity.org/index.php/journal/article/view/53
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Articles
Author Biography

Oleksandr Barbiniahra , Odesa State Agrarian University

Barbiniahra Oleksandr Mykolaiovych, postgraduate, Department of Management, Faculty of Engineering and Economics, Odesa State Agrarian University, Panteleimonovskaya str., 13, 65000 Odesa, Ukraine, ORCID: https://orcid.org/0000-0002-8496-4223