IDEAS home Printed from https://ideas.repec.org/a/iaf/journl/y2018i3p83-97.html
   My bibliography  Save this article

Factors of Improving the Accounting and Analytical Support System of the Enterprise Cash Flows Management: The Macroeconomic Aspect

Author

Listed:
  • Rayisa Tsyhan

    (Kremenchuk Mykhailo Ostohradskyi National University, Kremenchuk, Ukraine)

Abstract

An important role in improving the efficiency of the use of cash flows is played by improving the accounting and analytical support of these processes. The purpose of the article is to systematize the existing factors of improving the system of accounting and analytical support of the enterprise cash management and to examine them from the positions of the macroeconomic environment. The factors of improving the system of accounting and analytical support of cash flow management were systematized, it allows to monitor cause-effect relationships and determine the most important areas of analysis. Considerable attention is paid to the study of indicators that comprehensively characterize the macroeconomic situation in Ukraine, as well as the state of the world and regional stock markets makes. It was established that in Ukraine the formation of market conditions is not yet completed. Therefore market mechanisms operate improperly. In particular, the stock market of Ukraine and the banking system formally exist, but do not perform the functions that contribute to the activation of the processes of increasing cash flows. The conjuncture of the commodity market was analyzed, which affects the magnitude and dynamics of enterprises' cash flows. The importance of analysis for the tax burden on the enterprise was substantiated. It was determined, that at present, the state, using the tools of the tax system, tries to solve the opposite tasks - to stimulate business development and to fill the budget. The development of the legal framework for accounting in separate basic provisions remains fragmentary, which leads to the persistence of controversial issues in the practical sphere. It was proved that the increase in the cash flows of economic entities is largely determined by the macroeconomic, tax, financial, budgetary policies of the state and taking into account of the different factors in process of making managerial decisions.

Suggested Citation

  • Rayisa Tsyhan, 2018. "Factors of Improving the Accounting and Analytical Support System of the Enterprise Cash Flows Management: The Macroeconomic Aspect," Oblik i finansi, Institute of Accounting and Finance, issue 3, pages 83-97, September.
    • Handle: RePEc:iaf:journl:y:2018:i:3:p:83-97
    as

    Download full text from publisher

    File URL: http://www.afj.org.ua/pdf/595-chinniki-udoskonalennya-sistemi-oblikovo-analitichnogo-zabezpechennya-upravlinnya-groshovimi-potokami-pidpriemstva-makroekonomichniy-aspekt.pdf
    Download Restriction: no
    File URL: http://www.afj.org.ua/en/article/595/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Eugene F. Fama & Kenneth R. French, 1999. "The Corporate Cost of Capital and the Return on Corporate Investment," Journal of Finance, American Finance Association, vol. 54(6), pages 1939-1967, December.
    2. Stephen R. Bond & Jason G. Cummins, 2000. "The Stock Market and Investment in the New Economy: Some Tangible Facts and Intangible Fictions," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 31(1), pages 61-124.
    3. Najeb M.H. Masoud, 2013. "The Impact of Stock Market Performance upon Economic Growth," International Journal of Economics and Financial Issues, Econjournals, vol. 3(4), pages 788-798.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Robert E. Hall, 2001. "The Stock Market and Capital Accumulation," American Economic Review, American Economic Association, vol. 91(5), pages 1185-1202, December.
    2. David J. Moore & David McMillan, 2016. "A look at the actual cost of capital of US firms," Cogent Economics & Finance, Taylor & Francis Journals, vol. 4(1), pages 1233628-123, December.
    3. Godfrey Osaseri & Ifuero Osad Osamwonyi, 2019. "Impact of Stock Market Development on Economic Growth in BRICS," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 10(1), pages 23-30, January.
    4. Jonathan Temple, 2002. "The Assessment: The New Economy," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 18(3), pages 241-264.
    5. Wen-Shiung Lee, 2013. "Merger and acquisition evaluation and decision making model," The Service Industries Journal, Taylor & Francis Journals, vol. 33(15-16), pages 1473-1494, December.
    6. De, Supriyo, 2014. "Intangible capital and growth in the ‘new economy’: Implications of a multi-sector endogenous growth model," Structural Change and Economic Dynamics, Elsevier, vol. 28(C), pages 25-42.
    7. Paul Mizen & Cihan Yalcin, 2006. "Monetary Policy, Corporate Financial Composition and Real Activity," CESifo Economic Studies, CESifo Group, vol. 52(1), pages 177-213, March.
    8. F Alexandre & P Bacao, 2006. "Investment and Non-fundamental Movements in Asset Prices: is there a role for monetary policy?," Economic Issues Journal Articles, Economic Issues, vol. 11(1), pages 65-95, March.
    9. Mehra, Rajnish, 2010. "Indian Equity Markets: Measures of Fundamental Value," India Policy Forum, National Council of Applied Economic Research, vol. 6(1), pages 1-38.
    10. Cristina Barceló, 2007. "A Q-model of labour demand," Investigaciones Economicas, Fundación SEPI, vol. 31(1), pages 43-78, January.
    11. Alessandra Guariglia & Robert Carpenter, 2007. "Investment behavior, observable expectations, and internal funds: a comment on Cummins et al. (AER, 2006)," Economics Bulletin, AccessEcon, vol. 5(12), pages 1-12.
    12. Sapienza, Paola & Polk, Christopher, 2003. "The Real Effects of Investor Sentiment," CEPR Discussion Papers 3826, C.E.P.R. Discussion Papers.
    13. Carol Corrado & Charles Hulten & Daniel Sichel, 2005. "Measuring Capital and Technology: An Expanded Framework," NBER Chapters, in: Measuring Capital in the New Economy, pages 11-46, National Bureau of Economic Research, Inc.
    14. Torres, Fernando, 2007. "Trademark Values in Corporate Restructuring," MPRA Paper 6538, University Library of Munich, Germany.
    15. Edna Aparecida Greggio Possebon & Felippe Aparecido Cippiciani & José Roberto Ferreira Savoia & Frédéric de Mariz, 2024. "ESG Scores and Performance in Brazilian Public Companies," Sustainability, MDPI, vol. 16(13), pages 1-18, July.
    16. Liu, Yong-Chin & Hung, Jung-Hua, 2006. "Services and the long-term profitability in Taiwan's banks," Global Finance Journal, Elsevier, vol. 17(2), pages 177-191, December.
    17. MIYAGAWA Tsutomu & TAKIZAWA Miho & EDAMURA Kazuma, 2013. "Does the Stock Market Evaluate Intangible Assets? An empirical analysis using data of listed firms in Japan," Discussion papers 13052, Research Institute of Economy, Trade and Industry (RIETI).
    18. Robert E. Hall, 2000. "E-Capital: The Link between the Stock Market and the Labor Market in the 1990s," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 31(2), pages 73-118.
    19. Yuri Biondi & Antoine Rebérioux, 2012. "The governance of intangibles: Rethinking financial reporting and the board of directors," Accounting Forum, Taylor & Francis Journals, vol. 36(4), pages 279-293, December.
    20. Agha, Mahmoud & Faff, Robert, 2014. "An investigation of the asymmetric link between credit re-ratings and corporate financial decisions: “Flicking the switch” with financial flexibility," Journal of Corporate Finance, Elsevier, vol. 29(C), pages 37-57.

    More about this item

    Keywords

    macroeconomic policy of the state; accounting and analytical support; stock market; tax burden; cash flows;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iaf:journl:y:2018:i:3:p:83-97. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Serhiy Ostapchuk (email available below). General contact details of provider: https://edirc.repec.org/data/iafkvua.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.