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The article analyzes double taxation agreements and reveals a number of shortcomings that actually contribute to income shifting. The main shortcomings of the agreements are the application of the principle of residency and the definition of a special mechanism for the payment of passive income. The term "resident" does not have a precise and specific definition. Individuals and legal entities can be residents of many countries at the same time, and identifying a resident's affiliation to a specific country has a high corruption potential. And the determination of the jurisdiction of the enterprise is also carried out according to the concept of "being managed by a resident". In the age of digital technology and the Internet, almost any place on planet Earth can be considered a place of control. Therefore, these concepts should be first and foremost specified in the legislation of Ukraine and applied in all concluded agreements on the avoidance of double taxation. In particular, it is necessary to determine whether the enterprise belongs to the jurisdiction of the state in whose territory it is located (it also applies to subsidiaries with the status of a legal entity). And income taxation is carried out according to the principle of source - income is taxed where the enterprise is actually located, the added value is produced, the salary is paid and the profit is received. The concept of "resident" of the country should be replaced by the more specific concept of citizen. When taxing royalties, a distinction should be made between industrial property and copyright. Industrial property is taxed at the place of its use for obtaining income and is paid from the profit that remains after the payment of taxes, contributions and fees provided for by the legislation of the country of the source of income. The fee for the use of the copyright is paid as a reward. The proposed definitions should be used in all double taxation treaties, although the author sees no need to retain these treaties. Therefore, it is possible to propose to denounce all current agreements of Ukraine on the avoidance of double taxation. [ABSTRACT FROM AUTHOR]

This article aims to present an approach for determining the most effective administrative and legal guidelines for the standardization of financial reporting in modern open socio-economic systems. It emphasizes the current state of financial reporting of these open socio-economic systems at the time of analysis and the application of the proposed approach. As the most common form of open socio-economic systems today, enterprises are taken as the basis. The method of multi-criteria decision analysis (MCDA), which encompasses various approaches to decision-making based on multiple criteria, including hierarchical analysis, was applied. In addition to its comprehensiveness, the method of pairwise comparison, which involves the use of two elements for comparison, was also applied. Experts were involved in the assessment and determination of the administrative and legal guidelines. As a result, an approach to forming key administrative and legal guidelines for the standardization of financial reporting was developed, which, unlike other similar approaches, aims to take into account external environmental factors and the changes they bring in order to try to adjust financial reporting standardization policies in complex development conditions. The practical value is revealed in the possibility of application by state bodies and structures involved in the development and establishment of financial reporting standards in Ukraine. [ABSTRACT FROM AUTHOR]

The market capitalization of an enterprise is one of the key indicators that characterize the degree of influence of financial and non-financial instruments on its volumes and dynamics. Establishing the relationship between such instruments and metrics of equity and cash flows best outlines the plane of their direct impact on stimulating market capitalization and implementing effective management measures in the context of optimizing the use of equity and cash flows. The purpose of the study is to establish how the impact of indicators of financial and non-financial instruments on equity and cash flows forms an appropriate basis for making managerial decisions to increase the market capitalization of enterprises. As a result of the study, the toolkit for increasing the market capitalization of the enterprise from the standpoint of its grouping in terms of financial and non-financial plane was clarified. It was found that among the 36 analyzed indicators of the impact on equity and cash flows of the studied machine-building enterprises in Ukraine during the period 2010-2021, the most significant are bank lending, investment and technical metals, research and development costs, foreign scientific and technical services received, production investments, work-in-progress, and accounts payable for products, goods, and services. The results were transformed into a model of ranked instruments for stimulating the market capitalization of machine-building enterprises, which demonstrates the degree and directions of the influence of indicators of financial and non-financial instruments on the dynamics of equity and cash flows, which ensures the formation of an information database for making decisions on the further use of such instruments. The structuring of the toolkit serves as the basis for forming a system of management decisions containing practical recommendations within each group of instruments aimed at optimizing market capitalization through increased equity and cash flows of the enterprise. The obtained results will be beneficial to financial analysts of enterprises in preparing databases for making financial and non-financial decisions. [ABSTRACT FROM AUTHOR]

In modern times, economic security stands as one of the primary strategic objectives for any state. However, achieving economic security is unattainable without the stable operation of enterprises. Amidst a constantly evolving external environment, the economic security of enterprises becomes a prerequisite for their survival. To this end, evaluating the financial indicators of enterprises and identifying areas for improvement are imperative. The state of an enterprise’s financial indicators is traditionally regarded as the primary factor ensuring its economic security, as these indicators reflect the ultimate outcome of its operations. To analyze the financial indicators of an enterprise effectively, it is essential to establish evaluation criteria and parameters. The significance of accurately defining criteria for evaluating the financial indicators of a company primarily stems from the necessity to ensure its security and formulate and execute effective management decisions. Relevance of the topic. Today, enterprises operate amidst various uncertainties such as crises, pandemics, inflationary processes, and price fluctuations observed worldwide. In such conditions, enterprises are compelled to operate efficiently, compete for market influence and income, accurately assess and enhance financial indicators, and identify, analyze, and neutralize negative effects that may threaten economic security. Conversely, enterprises should promptly analyze their financial indicators to develop a set of measures aimed at bolstering their competitive positions and enhancing the efficiency of their operations. These aspects underscore the relevance of the article’s topic. The purpose of the article is to study financial indicators, their evaluation, determination of resources for increasing profit and profitability, and the impact of those indicators on the financial activity of enterprises and economic security. Evaluating the financial indicators of enterprises aims to determine the indicators for analyzing their current financial situation and identifying areas and actions required to enhance these indicators. Additionally, it involves exploring methods to influence the economic security system of enterprises through the improvement of financial indicators. Achieving these objectives necessitates accurate assessment, forecasting, and management decisions to enhance the financial situation of the enterprise. Research methods. The article was written using theoretical-methodical approaches, systematic approach, comparative analysis, factor analysis, graphic analysis and economic-statistical methods. Scientific innovation. It is justified that evaluating the financial condition of an enterprise and assessing its economic security complement and depend on each other, being inseparably linked. Economic security can only be fully ensured in conditions of continuous financial development. It has been established that when evaluating the financial condition of the enterprise, all its economic indicators should be monitored, enabling the enterprise to swiftly and effectively adapt to changing environmental conditions. Given these considerations, the importance of closely examining, enhancing, and bolstering the financial stability of an enterprise’s financial indicators in ensuring economic security has been justified. Additionally, the authors have proposed the primary directions for improving the financial indicators of an enterprise. [ABSTRACT FROM AUTHOR]

The ultimate aims of the research are to identify, on the basis of a systematic analysis, the peculiarities of digitalization of the processes of establishing business entities in Ukraine, to structure the relevant totality of organizational and managerial actions in the context of the actual state and potential of their digitalization, to develop a methodology for quantifying the degree of digitalization in the business establishment procedure and assess the impact of its individual organizational components on the final integrated indicator of digitalization. In modern research, significant attention is directed towards the digitalization of economic activities. The article proves the importance of systematically structuring the processes involved in establishing business entities to determine the extent of their digitalization. Such an approach enables the identification of components within the business establishment process that hold promise for digital transformation, representing a crucial factor in enhancing the efficiency of both the business sector and state regulatory institutions. The article provides a comparative analysis of the digitalization processes involved in establishing businesses in the “individual entrepreneur” and “Limited Liability Company” formats. This comparison enabled the identification of specific dependencies regarding the degree of digitalization within the establishment process based on the organizational and legal structure of the business being established. Methodical approaches for quantifying the degree of digitalization in the processes of establishing business entities were proposed. The article presents a structure for the processes of establishing business entities in Ukraine, which consists of six stages. Within each stage, corresponding sets of organizational actions are outlined, distinguishing between digital and non-digital forms. The potential for transforming non-digital organizational actions into digital ones was also identified. A methodology for expert evaluation of the weighting coefficients of the importance of individual components (organizational actions) of the overall process of business establishment was proposed. Based on the application of this methodology, quantitative parameters for assessing the strength of the impact of individual organizational actions on the overall level of digitalization of the process of establishing business entities were suggested. The article also justifies the priority directions for further digitalization of the process of establishing business entities in Ukraine. The key actors in implementing these directions are both the founders of business entities and managers, as well as the relevant state bodies. The article introduces indicators of the average and marginal propensity of founders to digitalize organizational actions when establishing business entities. The indicator of the marginal propensity for digitalization is essential for evaluating the dynamics of digitalization in the processes of establishing business entities. Its utilization enables the determination of how the overall level of digitalization in the business establishment process will change due to the transformation of another “traditional” organizational action into a digital format. The article calculates the actual degree of digitalization of the processes of establishing business entities in Ukraine on the examples of “individual entrepreneur” and “Limited Liability Company”. A methodology was developed and calculations were conducted to assess the potential for its enhancement through further digitalization of a certain totality of organizational actions. [ABSTRACT FROM AUTHOR]

In the article, the author analyzed the dynamics of Ukraine's foreign trade indicators for the period 2021–2023 (exports, imports, trade balance). It was established that the volume of foreign trade in Ukraine changed significantly after the beginning of 2022 due to the introduction of martial law, the breakdown of economic ties and problems with logistics at sea and on land. It was determined that the situation in the export sphere of Ukraine in 2023 is critical, it has worsened even in comparison with 2022. It is noted that the rate of reduction in the export of goods exceeds the rate of reduction in their import, which increased the negative balance indicator (especially in 2023). This situation is caused by the need to increase the volume of procurement of strategically important military goods and the corresponding support. It has been established that the state of war in Ukraine as a specific legal regime has completely changed the conditions of conducting foreign economic activity, which has led to the negative dynamics of export-import trade in goods. At the same time, trade-in services became impossible. It was noted that the legislation does not contain direct restrictions or bans on export-import, and the main measures were the embargo and the actual suspension of customs clearance of the goods of the aggressor countries. This led to the reorientation of foreign economic activity to other countries, in particular EU countries, which became more promising. The peculiarities of the strategy of the enterprise's foreign economic activity in crisis conditions are determined, in particular: a personalized approach; paying more attention to the logistics component; the complex nature of making ch anges in all business components; quick adaptation to changes in the external environment of international business; functional orientation and connections with competitive, resource, product and other types of strategies; different from existing management approaches due to the need to ensure international (global) competitiveness; formation and use of the enterprise's export potential in the long term; the obligation to ensure the survival and stability of the operation of the enterprise; conformity of th e quality of export products with international standards; a significant difference in the product range and models of export products from the domestic market; the need to change the organizational structure, take into account legislative and other restrictions on the company's entry into the market of another country, and others. [ABSTRACT FROM AUTHOR]

The article specifies that in modern conditions there is an active digitalization of socioeconomic processes, which significantly affects the activities of enterprises. It is also specified that the process of digital transformation of society, which is inherent in the fourth stage of globalization, has become one of the most expressive phenomena of this period. In this regard, there is an urgent need to measure the level of development of the digital economy and the degree of its impact on the economic security of the enterprise, which is becoming the most important both at the regional, national and global levels. The essence of the strategy for ensuring the economic security of the enterprise is determined by the degree of orientation of the enterprise’s activities to the implementation of the goals and objectives of its economic security in the context of digitalization of the economy of Ukraine. A matrix for choosing a strategy for ensuring the economic security of enterprises under the influence of digitalization is proposed, which is determined depending on the index of digital transformation of Ukraine (relevant region) and the level of economic security of enterprise by forming on two grounds using a system of horizontal and vertical coordinates that express the quantitative and qualitative characteristics of the relevant parameters. A classification of types of strategy for ensuring economic security depending on the impact of the level of digital transformation of the economy of Ukraine (one of Ukrainian regions) has been proposed, which makes it possible to search for such an option for the functioning of enterprise, which will ensure the optimal balance between the existing opportunities and the desired results, and to choose a strategy inherent in the enterprise, taking into account the level of digital transformation of the economy. A methodical approach has been proposed, which allows enterprises to choose a strategy for ensuring economic security based on its current level and the level of digitalization of the economy. The application of this approach within the framework of the internal analytics of the enterprise will allow to develop effective measures to ensure economic security in the long run. Prospects for further research in this direction are the development of a mechanism for ensuring the economic security of enterprises in the context of digitalization of the Ukrainian economy. [ABSTRACT FROM AUTHOR]

In a time of war, when businesses face extraordinary challenges and adverse economic conditions, financial recovery becomes a more important task than ever before. Military conflicts can lead to a significant decrease in production activity, an increase in the cost of resources, and an increase in business risks. In this difficult context, financial recovery becomes a key tool to ensure the survival and further development of enterprises. Targeted financial management and timely identification of problems can determine success or failure in overcoming economic difficulties. The scientific article describes the essence of the concept of «financial rehabilitation of the enterprise» and highlights the main aspects that emphasize the relevance and importance of this process. Based on statistical sources, we have researched, singled out, and characterized the factors that most often lead to the initiation of a bankruptcy case of domestic enterprises. Among such factors, the following were singled out as the most important: economic problems; loss and destruction; increase in insurance risks; market restrictions; inconsistency of the values of the main indicators of the financial condition with the normative (recommended); decrease in investment flows and capital, etc. Analyzed and presented in the form of graphical interpretations of the dynamics of the main indicators of bankruptcy (the number of enterprises against which a bankruptcy case was initiated, the number of enterprises in the process of financial recovery, the number of enterprises declared bankrupt); the dynamics of the number of enterprises relocated in connection with the state of war; the dynamics of indicators of financial stability and business activity of domestic enterprises in the conditions of war. A list of the main problems faced by domestic enterprises at the beginning of a full-scale invasion has been studied, highlighted, and characterized. Based on the conducted research, several areas of financial improvement of enterprises are proposed, for each of which a list of specific measures is proposed. In the form of a graphic interpretation, the sequence of implementation of financial improvement is presented, the obs ervance of which will contribute to its success, efficiency, and effectiveness [ABSTRACT FROM AUTHOR]

The comprehensive studies of the results of the activity of the dairy sector of animal husbandry and the milk processing industry have been carried out. Their condition and changes during the war period have been highlighted. The dynamics of the herd of cows, their productivity and milk production have been analyzed. The dairy industry suffers from a lack of raw materials, which, together with other challenges, slows down the activities of enterprises. The structure of the quality of milk received for processing from agricultural enterprises and households has been characterized. Ukrainian milk should approach European standards. The indicators of milk supply to processing enterprises, its sources and purchase prices from different categories of farms have been given. The information on the losses of enterprises due to a full-scale invasion has been summarized. The analysis of the dairy production indices has been carried out in comparison with the indicators of the industry as a whole and the production of food products, beverages and tobacco products. The main trends of import-export of dairy products have been determined, its indicators have been analyzed for individual products, in particular for cheeses of all kinds and butter. The rating of the main importers and exporters has been compiled. The share of each of them in the excessive volume of exported and imported dairy products has been calculated. Predictive assumptions and proposals regarding the further development of the dairy market have been formed. In general, the specific problems of both dairy market participants - producers of dairy raw materials and their processors – have been revealed. It has been assumed that military aggression can deepen the crisis processes in the entire agro-industrial complex and in the dairy market in particular. The results of the investigations can be used in the creation of the program documents for the development of the Ukrainian dairy market during the war period. [ABSTRACT FROM AUTHOR]

The article provides characterizations of managerial processes that ensure the economic efficiency of enterprise activity on the basis of innovative development. The importance of establishing a management system, which involves the use of progressive approaches based on modern technologies and innovative methods, is determined. It is concluded that enterprises, which pay little attention to the modernization of the management system, are unable to increase the level of economic efficiency and the pace of innovative development, and their functioning is mostly associated with the prevention of unprofitability. The system of elements of management of ensuring the economic efficiency of the enterprise on the basis of innovative development is allocated: subjects of the «upper» (owners and top management, heads of structural subdivisions) and the «lower» levels (managers of foreign economic, planning and economic, production and technological, marketing and other departments), objects (attraction and implementation of innovations and technologies, modernization of business and production and technological processes, dissemination of the ideology of business development on the basis of intellectualization, digitalization, innovation activity), functions (analysis, planning, organization, stimulation, control, regulation, monitoring, optimization, coordination), tasks (formation of investment attractiveness, ensuring competitiveness, improving liquidity, formation of economically necessary amount of resources, growth of market value, strengthening of personnel participation in profits), methods (regulatory and legal, organizational and economic, socio-psychological, complex, value-oriented), principles (systematic, comprehensive, consistent, focus on the process approach, dynamism, flexibility and adaptability, variability). [ABSTRACT FROM AUTHOR]

Complex external conditions of functioning cause increased attention to the study of theoretical foundations and practical prospects for the development of business activities of enterprises in the field of trade in Ukraine. The development of entrepreneurial activity in the field of trade should be based on a thorough understanding of the theoretical basis of the implementation of entrepreneurial activity in the field of trade and its features in Ukraine. Entrepreneurial activity is a guarantee of the further development of the country's economy, the creation of jobs and the general improvement of the population's standard of living. The article defines the main legal bases of business management. The essence, principles, subjects, objects and functions of entrepreneurial activity in Ukraine are considered. The classification of types of entrepreneurial activity in Ukraine is presented, which takes into account possible types of entrepreneurial activity and provides their characteristics for the needs of modern entrepreneurs. Traced approaches to distinguishing retail and wholesale trade. The main characteristics and functions of retail and wholesale trade are defined. Problems in the regulation of entrepreneurial activity in the sphere of trade in Ukraine are highlighted, the main ones being: insufficient support from local authorities; unfavorable conditions of bank lending, high interest on loans, complicated registration procedure; complex procedure for issuing and obtaining permits and licenses; complex reporting procedure; the presence of administrative barriers; the presence of large enterprises that create prerequisites for the development of monopolies. Prospective directions of business regulation in the sphere of trade in Ukraine are summarized. The main problems faced by trade enterprises during military operations on the territory of Ukraine have been determined, the main ones being: the reduction of the domestic market and the deterioration of consumer demand; increased risks to logistics chains and supply; reduced investment and increased economic uncertainty. The prospects for the development of the theory of entrepreneurial activity in Ukraine are summarized. [ABSTRACT FROM AUTHOR]

The article is devoted to the study of the peculiarities of the legal regulation of the management of the labor process and the possibilities of its improvement in the process of reforming the domestic labor legislation. Since today the issue of managing the labor process is of particular importance, taking into account the existing shortcomings in this area, the protracted process of reforming the labor legislation and adopting the Labor Code of Ukraine. In particular, the modern conditions of strengthening integration processes lead to the need to develop fundamentally new approaches to the management of the labor process with the awareness that the main reserve of the enterprise are employees who ensure the quality and competitiveness of production results. Especially today, when employers in the conditions of martial law have a lot of questions about reformatting relations with employees. And in order to maintain a high quality of management, they need to respond quickly and effectively to such situations. It is noted that the management of the labor process is a planned activity of the company's management aimed at organizing, regulating, motivating and controlling the work of employees, the purpose of which is to coordinate the collective efforts of the team and ensure the agreed actions of its members aimed at achieving specific planned results. Attention is drawn to the fact that at each enterprise, institution, organization, the management of the labor process has its own specificity and depends on objective and subjective factors. A conclusion was made regarding the expediency of implementing remote management of the labor process. Because the use of effective remote management tools can become effective in the process of labor management, especially with the war in the country. And therefore, in today's conditions, managers of enterprises need to master the skills of remote management of their enterprises, and in the future actively use them to achieve the tasks set before the management. Since taking into account the frequent change of the environment and the constant acceleration of the pace of life, which directly affect the enterprise, the organization of the process of remote management of the work process at the enterprise will become one of the key facto rs of successful activity in the market. [ABSTRACT FROM AUTHOR]

The article is devoted to the definition of the concept of the sustainable development policy of the enterprise and the research of the directions of legal support for the implementation of the sustainable development policy at the enterprise using local economic and l egal rulemaking. On September 25, 2015, the UN General Assembly adopted the development agenda for the period after 2015: «Transforming our world: Agenda for sustainable development until 2030», which formulated 17 sustainable development goals designed to stimulate activities in economic, social and ecological spheres of life. At the national level, the desire to implement the goals of sustainable development is enshrined in the Decree of the President of Ukraine «On the Goals of Sustainable Development of Ukraine for the Period Until 2030» dated September 30, 2019. Due to destabilizing factors such as the COVID-19 pandemic and a large-scale military invasion by an aggressor country, the urgency of implementing the Sustainable Development Goals has increased. To effectively overcome the negative impact of the above factors, it is advisable to implement the goals of sustainable development not only at the macroeconomic level, but also at the microeconomic level. It is considered that the implementation of the goals of sustainable development at the level of a separate economic entity should be carried out using local economic and legal regulation. To ensure the effectiveness of the process of implementing the goals of sustainable development, it can be implemented on the basis of an integrated enterprise policy. It was concluded that the policy of sustainable development of the enterprise is a set of measures aimed at the legal support of the development of the enterprise in the economic, ecological, and social spheres of its life activity and contribute to the sustainable development of the enterprise and the achievement of the main goal of its activity. Taking into account the complexity underlying the idea of creating an enterprise's sustainable development policy, it can be formalized in the form of a system of local acts - the main «Sustainable Development Policy Strategy» and its derivatives. The main local act can be approved by the higher management body of the business entity. Derivative local acts can be approved at a lower level - this will contribute to the formation of a legal model that will have: a rigid core, which will contain a strategy for implementing the goals of sustainable development of the enterprise; moving branches that will regulate the rapid tactical steps of the implementation of the specified process and will be promptly adjusted if necessary. [ABSTRACT FROM AUTHOR]

Modern economic conditions make the e-commerce enterprises look for the ways to remain competitive and resilient. This research explores the theoretical and methodological aspects of managing the strategic development of e-commerce enterprises. The research makes it possible to identify the relationship between the categories "development" and "strategic management", where the development of the management system has a direct effect to transition to more advanced and effective forms of functioning. Thus, formation and implementation of strategic management can be considered one of the key sources of enterprise adaptation and formation of stable and sustainable development. Therefore, managing the strategic development can be considered as the process of creating conditions for the realization of transformational potential, the implementation of purposeful management of a set of measures aimed at achieving the desired state, as well as the elimination of contradictions between the system and the external environment that restrain changes. The system of tasks and functions of strategic management of e-commerce enterprises is highlighted. It can be stated that development is based on a number of key functions, including planning, analysis, organization, coordination, control and motivation. The following approaches to the strategic management of enterprises are distinguished, in particular: systemic, situational, process, holistic, functional, complex, and resource-based; as well as their mechanism of action, advantages and disadvantages are also considered. At the same time, it is emphasized that the use of a combined approach, which combines systemic and process approaches, is the most optimal from the point of view of achieving the goals formed by the e-commerce enterprises. A conceptual model of the mechanism for managing the strategic development of e-commerce enterprises is also proposed. [ABSTRACT FROM AUTHOR]

The main idea of this paper is the substantiation of the methodological approach to the assessment of personnel risks of enterprises based on the application of the fuzzy logic apparatus in order to identify the problems of personnel risk management and provide appropriate recommendations for their solution. The methodological basis of the study is the classic provisions and fundamental works of foreign and domestic scientists, statistical data, the results of our research into the problems of assessing personnel risks of enterprises. The methods of fuzzy set theory, comparative analysis, scientific abstraction, generalization of scientific experience of modern theoretical research, systemcomplex approach were used. The study proposed a methodological approach to assessing the level of personnel risks of an enterprise; numerical experiments were conducted on the basis of a group of construction equipment manufacturers. Analysis of the results of assessing the level of personnel risks of enterprises made it possible to identify the problems of managing personnel risks at enterprises. The proposed methodological approach to assessing the level of personnel risks of enterprises based on the apparatus of fuzzy logic allows, in contrast to existing ones, to integrate the consideration of both qualitative and quantitative indicators when assessing the level of personnel risks and personnel movement indicators and to significantly increase the efficiency of decision-making under conditions of uncertainty and reduce costs in the event of adverse situations. Using in practice a methodological approach to assessing the level of personnel risks of enterprises based on the apparatus of fuzzy logic allows us to analyze the level of personnel risk as a multi-element object that is closely related to the structured functioning of the enterprise and its capabilities; and expands the original basis for conclusions, which provides a more accurate assessment of the level of personnel risk and making a reasoned decision to reduce its level. [ABSTRACT FROM AUTHOR]

Enterprises develop and interact with the global environment. Their activities are influenced by various factors, and timely identification of the degree of their influence allows forecasting business development and reasonably choosing development strategies. The puprose of the paper is to develop a toolkit for evaluating an enterprise in a global environment for choosing a development strategy. The ability of enterprises to simultaneously achieve advantages in the domestic and international markets characterizes the expediency of using process and system approaches, as well as the use of competitive advantages. The implementation of the elements of the structural and logical model of ensuring the stable development of enterprises involves the use of methods of comparative and structural analysis, expert assessments, taxonomic method and generalization. Achieving the desired state occurs due to changes in the state of the enterprise, the causes of which are the interaction of a set of conditions of the global environment. To predict changes in the state of enterprises, it is proposed to develop methodological support for evaluating the development of business systems and using management tools in the development and implementation of strategies. The interpretation of metastate indicators allows assessing trends in business systems and developing strategies, as well as priority areas for future development. As a result of the research, a toolkit for assessing enterprise development trends was formed, which will allow business systems to gain additional benefits in the global environment and form a development strategy. The methodology for assessing the development of enterprises can be used in any industry. The paper makes a contribution to the research of the methodology for assessing the development of enterprises that can be applied to other enterprises, not only to the Kharkiv area. In the event of a change in the influence of global environmental factors, the degree of influence should be specified. The work offers an opportunity to develop further research from the point of view of strategic management, the concept of six sigma, and production optimization. [ABSTRACT FROM AUTHOR]

Purpose. Formation of theoretical and methodological approaches to structuring information provision and assessing its significance for achieving energy-saving economic development of enterprises. Methodology. In the research process, the following methods were used: economic-mathematical modeling, grouping, generalization, system analysis, etc. Findings. The conditions under which energy-saving economic development takes place at enterprises have been formalized. Methodological principles of quantitative and qualitative assessment of the level of such development are proposed. The array of information necessary for managing the energy-saving economic development of enterprises is structured. Based on a sample of 150 Ukrainian enterprises that consume natural gas, the level of energy-saving economic development is assessed. The importance of information management of this development is substantiated. Originality. The methods for grouping the types of economic development of the enterprise by highlighting a new classification characteristic, namely: the nature of the relationship between the change in the value of a certain financial and economic result of the enterprise’s activity and the change in its consumption of a certain type (types) of energy resources, have gained further development. Methodological principles for assessing the impact of the quality of information support on the performance of enterprises have been improved through the substantiation of the approach, which determines the impact of the completeness of information support for the management of energy-saving economic development of enterprises on its level. An approach to structuring an array of information for managing energy-saving economic development of enterprises is proposed, which, unlike the existing ones, involves taking into account the hierarchical nature of the array of data. Practical value. The obtained results can be used by enterprises when evaluating the dynamics of their economic results in comparison with changes in the amount of consumption of energy resources and when forming information support for the management of energy-saving economic development. [ABSTRACT FROM AUTHOR]

The article is devoted to the features, classification and evaluation of the effectiveness of social innovations in the implementation of the company’s strategic goals. The object of the study is the process of formation and implementation of social innovations in the company’s activities. At the same time, the development of the concept of social innovations from the 19th century to the present is considered in detail. Special attention is paid to the interpretation of social innovations and strategic goals of the company in Ukrainian and foreign economic science. The research problem is the complexity of forming modern classifications and evaluating the effectiveness of social innovations in the company’s strategic goals. The essence of the obtained results is the disclosure of the theoretical provisions of social innovations and strategic goals, the determination of approaches and methods for evaluating the effectiveness of social innovations, as well as the role of social innovations as a tool for achieving the strategic goals of the enterprise. In the reasoned conclusions of the study, it is explained that the gradation of the results of the implementation of social innovations at the enterprise depending on the type (personal, economic, image and social) indicates that each of them has both positive and negative features; methods of evaluating the impact of innovations on the company’s performance are shown. In particular, the assessment of the effectiveness of social innovations is also important because their implementation requires a lot additional efforts, which shifts the focus and can distract from solving important issues that are often urgent. The state of war, the destruction of the usual approaches to doing business, the loss of qualified management personnel, specialists in various processes does not allow to effectively find and implement innovations in the social, environmental and managerial components. All these aspects are considered in the context of the effective implementation of the company’s strategic goals in the conditions of a dynamic transformational society, in which the research results can be used in practice [ABSTRACT FROM AUTHOR]

In the unstable conditions of development of the world economy, which occur under the influence of factors of political and economic instability, one of the most important problems of stable functioning and development of the country’s economy is to ensure the stable development of both the kinds of economic activities and enterprises. Since all kinds of economic activity react differently to the instability of the external environment, it is important to analyze the conditions of functioning and the results of the activities of enterprises by the kinds in order to form adequate and adaptive managerial reactions to the tactical and strategic behavior of the latter. The aim of the article is to study and determine the sensitivity of kinds of economic activities to changes in the external environment in order to form adaptive economic behavior of enterprises. In order to achieve this goal, in the course of the research the following scientific methods were used: comparative analysis, graphic analysis, structural-dynamic analysis, coefficient and cluster analysis. The article proposes an algorithmic model of formation of economic behavior of enterprise depending on the level of sensitivity of the certain kind of economic activity. Implementation of the proposed model will allow to form an effective system of managerial decisions on the future behavior of enterprises. The basis for the development of managerial decisions is the analysis of tendencies in the development of kinds of economic activity of the country by the indicator of gross value added, the allocation of cluster groups of kinds of economic activity by the level of their sensitivity. All this will allow to form an effective system of managerial decision-making, which is aimed at maintaining a sustainable attractor of economic development of the enterprise. [ABSTRACT FROM AUTHOR]

The article presents the sequence and results of assessing the implementation of the conception of sustainable development in the practice of enterprises in the context of their value formation. A scientific and methodological approach to assessing the implementation of the Sustainable Development Goals has been proposed, which provides for the calculation of an integral indicator of the implementation of the Sustainable Development Goals in the activities of enterprises, formed taking into account the indicators of organizational support, systematic implementation and complexity of the results of socially responsible programs and projects. A scientific and methodological approach to determining the value of an enterprise, on the basis of an assessment of the enterprise’s economic and non-economic components using the method of fuzzy sets, is substantiated. The study was carried out on the basis of data from companies operating in the field of food production. It is shown that enterprises associate long-term development with the introduction of the principles of social responsibility and sustainable development into practice. It is determined that the socially responsible projects of the studied enterprises are mainly related to the implementation of the Sustainable Development Goals in the field of ecology and responsible consumption. It is shown that global companies carry out more systematic and comprehensive activities to implement the principles of sustainable development, compared to companies operating at the national level, thereby providing higher value. An assessment of both the economic and non-economic values of the studied enterprises has been carried out. To determine the dependency between the level of implementation of sustainable development goals and the characteristics of the value of enterprises, the method of correlation analysis was used. In the course of the correlation analysis, the coefficient of implementation of the Sustainable Development Goals in the practice of activity was considered as a factor feature, and the coefficients of implementation of both the non-economic and economic values of enterprise were considered as a result. It is noted that the integration of the principles of sustainable development into the practice of activities ensures the growth of the value of enterprise. It is indicated that enterprises that systematically implement socially responsible practices have higher value indicators. [ABSTRACT FROM AUTHOR]

It is determined that the instability of the economic and financial environment, fierce competition, increasing consumer requirements for the products (goods and services) of industrial enterprises, reduction of the life cycle of goods to a dominant degree burden the process of strategic management of transparency of enterprise development in the context of convergence of investment processes, and development prospects are becoming less and less predictable. Decisionmaking by industrial enterprises on the implementation of the strategy for managing the transparency of enterprise development in the context of convergence of investment processes is a complex problem faced by the main management system. This is due to the preservation of outdated principles and methods of strategic management in the modern business environment, the caution of management agencies and/or the inability to accept new forms of strategic management (the human factor), etc. Resolution of these and other contradictions is possible only under the condition of a properly formed effective strategy for managing the transparency of enterprise development in the context of convergence of investment processes. When building a management strategy, a system of fuzzy derivation is used, consisting of several stages, the implementation of which is carried out using its main provisions. The input data for the strategy of managing the transparency of enterprise development in the context of convergence of investment processes are the input variables, which are measured in a certain way. These variables correspond to the real variables of the strategic management process. The information generated at the output of the system corresponds to the initial coherence, which is the leading variable of the control process. Systems of covariance functions in the formation of a strategy for managing the transparency of enterprise development in the context of convergence of investment processes are designed to convert the values of the input variables of the control process into the output co-spectral variables using phase generation with the variant identification of the parameters of the digital technology of blitz-scaling in the construction of strategic architectonics to achieve transparency in the development of industrial enterprises. [ABSTRACT FROM AUTHOR]

The article considers the essence and components of convergence of both the subjects of creation and the subjects of consumption of innovative values. It is proved that convergent investment processes mean not only technological unification, but also integration of different sectors, resulting in creation of conditions for integrated development and use of synergy. It is proposed to consider the convergent components through the convergent field that represents a dynamic and interacting environment in which various factors are combined to achieve common goals and create new opportunities. This made it possible to identify them and substantiate the essential and functional load in the implementation of innovative processes at the enterprise in the context of digitalization. It is determined that the organization of convergent investments involves the formation of cross-functional teams that cooperate to optimize resources and achieve the maximum value of the enterprise, based on the process approach. An important part of the functional structure is the definition of possible competence interaction in the implementation of technological innovations that allow combining multi-level processes and approaches in the intellectualization of labor. The structuring of the convergence of interacting elements in the implementation of innovations in a dynamic business environment is carried out on the basis of coherence and effective solution of problems within the framework of convergent investment processes, which contributes to the creation of innovative solutions and ensures the competitive advantages of the enterprise in a dynamic business environment. [ABSTRACT FROM AUTHOR]

This article provides an overview of the arguments and counterarguments involved in identifying the state of an enterprise, assessing its functional efficiency, and optimizing its target functions while implementing management tasks. The decentralization of enterprises empowers them to adapt to specific territorial needs. However, it also introduces an element of instability that can be disconcerting. The primary objective of this research is to develop a scientific and methodological approach to modelling the management system of the development of manufacturing enterprises under decentralization. The systematization of literary sources and approaches to the problem of managing the development of manufacturing enterprises reveals that each level of analysis of the state of the enterprise and assessment of its development dynamics and problem situation corresponds to the aggregate set of assessments, which includes both individual indicators and their various groups. At its core lies the crucial recognition of production systems' (PS) state as a pivotal parameter influencing the very fabric of UTC development. The model employs a powerful vector functional approach, allowing for a multi-dimensional assessment of an enterprise's state. The model translates into a tangible metric, empowering informed decision-making and targeted interventions. The relevance of this scientific problem is that the management process of enterprise development under decentralization needs to be more structured and less accidental. There is a need to manage this process to survive and develop in an aggressive market environment. Optimal management of production systems as discrete matrix objects provides an opportunity to consider the functioning of each of them depending on the state of the others at time t of their production to time t+1, which is associated with their further development in a decentralized environment. The results of the research can be helpful for the development of systems for monitoring and strategic management of the development processes of manufacturing enterprises under decentralization. [ABSTRACT FROM AUTHOR]

The article is aimed at establishing the features of the introduction of enterprise innovation management in the conditions of sustainable development and developing a new method for evaluating the effectiveness of the permanent innovation process (IP) under the dynamic nature of external influences. General and special methods of knowledge used: comparative analysis to substantiate the difference between operational management of innovation implementation and strategic management of IP; structural analysis to substantiate that innovative management is the structure of the second level of SDP: quantitative and qualitative comparison was introduced to substantiate that structural nature of intangible assets is determined by the structure of production; scientific abstraction to substantiate that intellectual capital has a determining value for sustainable activity; mathematical formalization for the development of dynamic IP control model. It is indicated that: the condition for effective provision of sustainable development is coordination of operational management innovations and strategic management of IP of the enterprise; innovative management is a second-level structure in view of the need for comprehensive implementation of SDP for effective long-term operation of enterprise; the structural nature of intangible assets is determined by the structure of production, peculiarities of supply and sales and is based on the totality of intangible assets of the enterprise; intellectual capital is of decisive importance for ensuring the sustainable nature of the impact innovations on the company's activities and as a condition for increasing the level of reliability of its competitive advantages; the systemic nature of the impact innovations on the company's activities requires the introduction of new methods of their evaluation. A new method of evaluating the effectiveness of the extended innovation process, which forms the sustainable activity of the enterprise under dynamic conditions, was developed. The developed mathematical approach and the research results should be useful for the management of enterprises and for scientists dealing with the problems of innovative management [ABSTRACT FROM AUTHOR]

The article examines the theoretical and practical aspects of strategic management accounting in the accounting practice of domestic enterprises in the conditions of military operations, and determines its place in the management system as the main source of management information for making strategic decisions in the extremely difficult conditions of the functioning of domestic enterprises in the conditions of military aggression. It is noted that the company's development strategy, including in the crisis conditions of wartime, is implemented with the help of strategic planning - the development of plans, programs, budgets, procedures at the company, as a valuable expression of the organization's actions in the conditions of risks associated with the stay enterprises in the combat zone or the zone of defeat by the enemy's means (missiles, drones, artillery). A researched and systematized list of tasks to be solved by strategic management accounting of enterprises in the conditions of military operations; systematized basic strategic management accounting documents containing information about wartime emergency situations; a toolkit of management accounting is proposed, which allows to formulate the strategy of the enterprise under the conditions of military operations. Goal. The purpose of the study is to determine the place and role of strategic management accounting in the accounting practice of domestic enterprises in the conditions of military operations, the development of tools that allow making management decisions of a strategic nature in the presence of alternatives. Methods. Research methods are general scientific methods of cognition, in particular, the article uses methods of empirical analysis to study the main concepts of research, methods of document systematization; tabular methods for building a structural-logical model of calculations related to the choice of an enterprise strategy in the presence of alternatives; methods of generalization in the process of formulating conclusions. The results. The work proves that today strategic management accounting is one of the functions of strategic management, which provides managers with information about the state of the enterprise and the possibilities of its development in conditions of military risks; the list of tasks to be solved by the strategic management accounting of enterprises in the conditions of military operations has been clarified, its methodical support has been improved taking into account emergency situations of a military nature. [ABSTRACT FROM AUTHOR]

This article conducts a comprehensive study and generalisation of the essence of financial statement audit. The main attention is paid to determining the place of financial statement audit in the context of enterprise management in the current economic environment. The study found that the financial statements of an enterprise are designed to meet the information needs of its users, and each element of the statements performs functions that provide information in a certain context. The article analyses the procedures for auditing financial statements that meet its purpose, depending on the elements of financial statements. The possible risks that enterprises may face as a result of not conducting an audit of financial statements are identified. In particular, it was found that failure to audit financial statements may affect internal and external decisions of enterprises, such as investment planning, lending and management decision-making. The study showed that neglecting the frequency of financial statement audits can also lead to losses and financial instability, which can expose companies to financial fraud, illegal actions and uncontrolled risks. According to the results obtained in the course of the study, a specific algorithm of actions has been developed that should be performed by the auditor when checking compliance with the conditions for preparing financial statements by enterprises. The proposed algorithm is aimed at improving the quality of financial statements, simplifying the process of making management decisions and promoting sustainable development of enterprises in Ukraine. The results of the study include an analysis of the methods of collecting audit evidence and their significance for the audit of financial statements. The study showed that in an unstable economic environment, the audit of financial statements is becoming increasingly important, as it addresses global issues related to the reliability of accounting and reporting, analysis of the causes of possible inconsistencies between these statements and the real state of the enterprise, as well as control over the efficiency of financial and economic activities. [ABSTRACT FROM AUTHOR]

The relevance of the conducted research is determined by the need to reform the corporate culture, modernize the legal tools of organization of economic activity, and comply them with international standards. The purpose of this article is to study the essence of corporate culture and its correlation with the category of "compliance culture", to identify the problems of effective implementation of compliance, and to formulate separate proposals for their solution, in particular, in the context of the war challenges. The article provides the author's definition of the concepts of "corporate culture" and "compliance culture" based on the analysis of international standards on compliance, principles of corporate governance developed by the OECD, valid legislation acts of Ukraine, and special scientific literature. The article studies the correlation between these legal categories. The authors have analysed in detail the sources of formation of corporate culture, the general and special principles on the basis of which it is formed. The research pays considerable attention to the study of such an element of the formation of the company's corporate culture, and, accordingly, of compliance, as the will of top management ("tone at the top"). The article systematizes approaches to the "transparent" conduct of economic activity, which are necessary for the formation of corporate (compliance) culture. The research studies the problem of compliance risks of business entities in the conditions of martial law. The authors develop the recommendations for the corporate management bodies of enterprises regarding the management of the aforementioned risks using compliance procedures. In the conclusions, based on the results of the conducted research, the article defines the concept of corporate culture as a set of values, principles, ethical rules and sustainable practices of the organization, the observance of which is expected from its employees, management bodies and other stakeholders and which make it possible to predict their professional behaviour in critical situations. The article provides the definition of the concept of compliance culture. The authors specified the role of corporate (compliance) culture in building an effective compliance system. The article summarizes the main problems in ensuring corporate culture as a necessary amplifier of compliance practices in the conditions of martial law. [ABSTRACT FROM AUTHOR]

The enterprise is the primary link of the economic system, the stability of which is an important condition for the effective development of the national economy. The sustainability of the enterprise covers a set of factors that allow it to achieve a controlled state of equilibrium and the ability for sustainable economic growth through effective management of activities. The main component of the company's stability is its financial condition, which ensures marketing and personnel stability, promotes the development of production and technical-technological stability, maintains investment stability, and increases the efficiency of the management process. The study describes a neural network-based approach to assessing the financial condition of enterprises, which enables the assessment of the enterprise's financial condition based on its annual financial reports with high accuracy (over 90 percent). The study examined different neural network approaches to analyzing financial data, including the use of different neural network types, training methods, and input parameter selection. The article also examines the influence of various financial indicators on the financial state of the enterprise and suggests using the most significant financial indicators as input parameters for neural networks. [ABSTRACT FROM AUTHOR]

The article examines the current problems of innovation, which in modern conditions acquire an important economic direction. The processes of globalization and digitization began in 2018 and continue to this day. These processes constantly affect all spheres of society, in particular the sphere of taxation. The article clarifies the main issues related to the implementation and practical use of popular development trends and the improvement of innovative technology strategies in the process of taxation of small business entities in Ukraine. The key purpose of the study is the analysis of advanced strategies for the taxation of small business entities and their direct impact on the accounting and bookkeeping process in general. It was revealed that the main tasks of the research are as follows: the main requirements for the implementation of digitization in taxation are analyzed, the current state of taxation in Ukraine is considered, and we propose methods for the implementation and development of the accounting process at enterprises. This research is extremely insufficient in terms of theoretical and methodological aspects, the development of this issue and its growing practical importance. It is proven that the issue of taxation is being considered - the analysis of the effectiveness and necessity of digital technologies in tax accounting, the determination of their synthesis in auditing activities and the analysis of the prospects for the development of digital technologies in general. Ways of further development of the most effective technologies are also described. The materials of foreign experts have been studied, which ensures the comprehensive importance of the implementation of digitalization of auditing activities in modern conditions. The conclusions of the study indicate the key strategies of taxation of small business entities, taking into account modern trends in this field. Information from the article can be used in the practice of improving the taxation process in Ukraine. [ABSTRACT FROM AUTHOR]

It is determined that the diagnostics of the level of transparency of the development of industrial enterprises, taking into account their investment activity, consists in that that in conditions of uncertainty of the external context and the emergence of a tendency to decline in the level of development it is necessary to adjust the tactics of management activities regarding the use of diagnostic instrumentarium with the already accounted manifestation of crisis phenomena in strategic periods, to accumulate financial resources in order to successfully counter the losses caused by the crisis situation: ergo, it is advisable to predict, diagnose and prevent the consequences of the financial crisis. It is concluded that the need to improve the methodological approach to assessing the level of transparency of development of industrial enterprises, taking into account the investment activity of the economic environment, is due to that that diagnostics of the level of transparency of development reduces the probability of emergence and development of crisis phenomena in the process of production and economic activity of enterprises. On the basis of the results of the aforementioned diagnostics, the negative consequences of the financial risks of enterprise are revealed, possible ways to increase the level of development are elaborated, a strategy for achieving transparency of enterprises development in the context of convergence of investment processes is built. This enables to prepare in advance options for strategically rational decisions on both the emerging and the forecast changes in resource prices, changes in own and in borrowed funds, to adjust plans for production, obtaining loans, and changes in selling prices. Also to forecast the onset of moments of destabilization of production (occurrence of crisis factors) and to use interactive innovation and investment management as the most optimal type of relevant management in order to prevent the development of crisis at industrial enterprises. [ABSTRACT FROM AUTHOR]

The article discloses the peculiarities of the management accounting organization in the controlling system, which allows creating a holistic approach to enterprise management, provides an appropriate information base and analytical tools for making sound management decisions. The main tasks of management accounting in the controlling system (providing an information base; performance measurement; analysis and forecasting; planning and control; support for decision-making), their relationship is established to ensure effective control and management of the enterprise. The following main directions of management accounting organization in the controlling system are defined: definition of goals; Select key performance indicators development of data collection and processing system; analysis and interpretation of data; application of corrective measures. These areas help the enterprise to provide effective management accounting, which is aimed at achieving strategic goals and improving the productivity of the enterprise. The main methods and tools of management accounting are disclosed, which help to solve the problems of controlling (planning and budgeting, management systems, balance sheet approach, performance indicators and key performance indicators, benchmarking methods), the use of which allows to ensure the effective functioning of the controlling system and the achievement of strategic goals of the enterprise. They help managers to obtain objective information, analyze performance and make appropriate management decisions. It has been determined that the assessment of efficiency and compliance with the goals of management accounting methods should be carried out according to the following criteria: adequacy of information, relevance, flexibility and adaptability, efficiency of resource use, integration with other systems, risk accounting. Their choice and application depends on the specific goals, needs and characteristics of the enterprise. The directions of improvement of the management accounting organization in the controlling system are substantiated, which are aimed at improving the quality and efficiency of management accounting in the controlling system, which will allow the enterprise to more effectively fulfill its strategic goals and achieve success. [ABSTRACT FROM AUTHOR]

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The 21st century was characterized by significant changes in the world economy under the influence of globalization of all aspects of socio-economic relations, a special place in these processes is occupied by regional integration, which led to the emergence of new, globally oriented national strategies and models of regional development. The purpose of the article is to study clusters in the economic development strategy of Ukraine and their impact on innovation processes. There was a need for a scientific understanding of the essence of clusters from the point of view of a holistic system of knowledge about their formation, functioning and management. Clusters as integrated formations of enterprises are a global phenomenon. The article examines the works of scientists regarding the clustering of Ukraine, identifies the advantages of the cluster approach, notes that the trends of the modern world economy outline a large number of changes, both progressive and regressive, contradictory, but on the contrary, harmonious, which accelerate the development of a new economic model. li - cluster. A model of the new cluster economy was built and the number of clusters in the regions of Ukraine and their sphere of activity were analyzed. On the basis of the conducted research, recommendations were proposed to speed up the development of cluster initiatives, and to ensure the effective functioning of innovation clusters, it is necessary to activate the activities of innovation infrastructure facilities (technology parks, business incubators, innovation technology centers, technology transfer centers, etc.), which are important a structural element of clusters. [ABSTRACT FROM AUTHOR]

This work examines the essence of the company's financial security. It is noted that the financial security of the enterprise covers a complex of the most important financial indicators that reflect stable financial and economic activity, the company's development and competitiveness. The constituent elements of security and the main factors of influence are characterized, which include the analysis of external and internal threats and risks of business activity, as well as the strengths and weaknesses of the enterprise, an analysis of the company was carried out using the SWOT analysis method, using the example of the limited liability company «Uniplyt» (in hereinafter «Uniplyt» LLC), engaged in the production of woodworking products, fiberboard, plywood, lumber. The influence of state regulation on the financial security of enterprises is characterized, and the experience of Ukraine regarding financial security during the period of martial law is presented. The step-bystep analysis of the level of financial security at the researched enterprise was determined, with the help of which it is possible to exercise control over the enterprise's activities and to carry out constant monitoring of internal and external threats. The methods of determining the level of financial security of the enterprise, which are used to evaluate it, financial stability and the level of financial potential of business entities are highlighted. In particular, they include: methods of integral assessment of the company's financial security, methods of indicator assessment of the company's financial security, and methods of assessing the company's financial security based on bankruptcy analysis. Methods for assessing financial security by determining the level of probability of bankruptcy of the enterprise according to the models of such scientists as Tereshchenko and Altman were studied. Based on the calculated models for determining the probability of bankruptcy, we present matrices for the analysis of financial stability and financial potential. The strengths and weaknesses of the company's activity were identified and measures were proposed to improve the work of Uniplyt LLC. A forecast of the company's activity and suggestions for improving its activity for further development and profit growth are presented. [ABSTRACT FROM AUTHOR]

The domestic economy today is experiencing difficult times. Such phenomena as the pandemic, martial law, had a very negative impact on the efficiency of Ukrainian enterprises. Domestic companies are forced to adapt to modern realities and find ways to «survive». Doing business is impossible without constant adaptation to changes in market conditions. And the success of any enterprise depends on many factors, primarily on the existing or formed image of the enterprise. The article is aimed at substantiating the need to create a positive image of enterprise to increase its competitiveness. The article considers the concept of «image of enterprise». The scientific works of domestic and foreign scholars-economists are analyzed. The current state of the problem of forming the image of enterprise in crisis conditions is disclosed. It is shown how the image of enterprise affects the competitiveness of enterprise on the example of a translation agency. It is determined that a positive image greatly affects the competitiveness of enterprise, so insufficient attention to its formation and management significantly reduces the possibilities of enterprise functioning. A positive image will increase attention to the individuality and uniqueness of a product or service, minimize possible negative changes in pricing processes, and contribute to the realization of the competitiveness of the enterprise. The article examines the essence of image as a factor of effective functioning of enterprise. The essence of the concept of «image» is also studied, the contemporary definitions found in the scientific sources are analyzed. A definition of the concept of «image of enterprise» is proposed. The importance of forming an image for conducting successful activity of enterprise is substantiated. The expediency of analyzing the external conditions of enterprise activity in the process of formation and improvement of its image is determined and substantiated. It was found that when choosing an enterprise, the consumer is guided by its image, because in order to make a purchase decision, understanding that an enterprise has a positive image allows to get a clear understanding of the high quality of goods or services and other competitive advantages. It is reasoned that improving the image of an enterprise allows increasing the efficiency of advertising and various measures to promote a product or service, facilitating the process of introducing new goods or services to the market, and increasing the competitiveness of an enterprise. [ABSTRACT FROM AUTHOR]

The article identifies problems of ensuring economic security of enterprises of pharmaceutical industry of Ukraine. It is noted that the state of manufacturing pharmaceutical enterprises, complicated by military operations on the territory of Ukraine, requires the search for instruments to identify and forecast economic security as an effective task of crisis management of enterprises and stabilization of the functioning of the pharmaceutical industry. It is noted that ensuring the economic security of a manufacturing enterprise is considered as a complex system covering organizational-economic, financial, innovation-investment, technical, managerial, informational, legal, ecological, personnel, and other aspects. Taking into account the specifics of production-economic activity of enterprises of the pharmaceutical industry, the main threats to economic security have been identified. On the example of pharmaceutical enterprises, an integral indicator of the level of economic security is computed, taking into account the probability of occurrence of certain threats. A close correlation between the level of economic security of pharmaceutical enterprises and profitability of enterprise activity is identified. It is concluded that the proposed instruments can be applied to enterprises of other sectors of economy, taking into account the specifics of their production activities. It is noted that different degrees of probability and nature of each threat (managed and unmanageable) require implementation of a set of measures to prevent/mitigate the consequences of each threat, which requires additional financial resources, but these costs are rather appropriate investments in stable future development of enterprise. A system of measures for economic security of enterprises in the pharmaceutical industry has been proposed, which provides for a set of interrelated actions to prevent and/or mitigate the consequences of threats in modern socioeconomic and political realities, will solve the issue of creating favorable conditions for the functioning and development of the pharmaceutical industry of Ukraine. [ABSTRACT FROM AUTHOR]

Due to a number of external uncontrolled factors of negative influence, Ukrainian business entities functioning in the hospitality and tourism business have seen the most severe crisis and depression over the past three years. In order to survive in such conditions and develop the business intensively, Ukrainian business entities must clearly define internal problematic aspects to correct them promptly, as well as the potential opportunities towards which the maximum effort should be directed. The article offers and justifies an approach to assessing the financial and economic security of hospitality and tourism business entities in the complex modern conditions under which the Ukrainian economy is developing. In order to achieve the research goal, the methods of systematization, grouping, and logical generalization were applied. The article systematizes the key aspects of ensuring the financial and economic security for the company's activities that should be followed by its management, describes the structure of an enterprise's financial and economic security, and formulates the concept of financial and economic security for business entities in hospitality and tourism. The paper also specifies the sequence of stages, which would be advisable to follow when managing the financial and economic security of hospitality and tourism enterprises. The authors have summarized the approaches to assessing an enterprise's financial and economic security in modern literature and have grouped the indicators of financial and economic security for hospitality and tourism business enterprises. The study analyzes the dynamics of financial indicators which comprehensively characterize the functioning of temporary accommodation and catering enterprises, as well as economic operators of tourist activity in Ukraine and offers an approach to assessing the financial and economic security of hospitality and tourism business enterprises which base their activities on the innovation potential. The results of the study prove that differentiating and operating the components of hospitality and tourism business operators' innovation potential is expedient and improves their financial and economic security. The practical significance of the obtained results lies in increasing the financial and economic security and innovativeness of hospitality and tourism business enterprises in Ukraine by applying the proposed approach to evaluation as a monitoring tool. [ABSTRACT FROM AUTHOR]

The purpose of the study: theoretical and analytical substantiation of factors affecting the level of quality management of services of railway transport enterprises in Ukraine. The article analyzes the main scientific works of domestic and foreign scientists regarding the determination of the factors affecting the level of service quality management of enterprises, including railway transport enterprises. This is especially acute during the period of hostilities taking place on the territory of Ukraine. Thus, during the period of hostilities, the number of transportation services increased, especially due to the evacuation of the population and free travel. That is why the development of the potential of transport enterprises, including railway ones, is of crucial importance. The dynamics of changes in the transportation of passengers and cargo by modes of transport are presented in the paper with railway transport as a priority. The category of concepts " product quality" and "quality of services" has been analyzed. The internal (production, socio-psychological, human, organizational) and external (political, economic, social, technological, ecological, cultural, medical-biological) factors that affect the quality of services have been singled out, as well as the factor that affects the level of service quality management of railway transport enterprises, which, according to the authors, includes: reliability, safety, sensitivity, competence, accessibility, sociability, understanding, materiality, as physical parameters of the service, trust, courtesy. An integral indicator of the quality management level of railway transport enterprises is proposed. It has been found that in the future the construction of an integral indicator of the level of service quality management of railway transport enterprises and the determination of its forecast values may form the basis of the development of the state regional development strategy and separately be important for the development plans of railway transport enterprises. [ABSTRACT FROM AUTHOR]

The purpose of this study is to assess the damages as a result of russian aggression, to identify potential sources of funding for the post-war revitalization of the de-occupied territories and to form the first component of the strategic model of the post-war revitalization of agricultural enterprises in the de-occupied territories. The article analyzes direct losses from the war in Ukraine in general and in agriculture in particular. The distribution of losses by categories of the agricultural sector is presented: Agricultural machinery, Granaries, Animal husbandry, Perennial crops, Factors of production (fuel, fertilizers, PPE), and Manufactured products. It is established that the Recovery Plan of Ukraine is based on 5 main principles: immediate start and gradual development; increasing fair welfare; integration into the EU; reconstruction of the better than it was, on a national and regional scale; stimulation of private investments. Financing programs for the post-war revitalization of agricultural enterprises in the de-occupied territories are analyzed. The process of military revitalization of the strong support enterprises of the de-occupied territories (the first stage of strategy) is formed. It is proven that the creation of agricultural holdings, cluster development (aimed at the development of agricultural activities), as well as the development of non-agricultural activities will create additional jobs, rationally use the resource potential of the regions, improve social conditions and provide social support to the population. To achieve successful and effective diversification processes, support from the state, the region, and investors is especially needed, the combination of which will create a strong foundation for the further development of the modern economy of the de-occupied territories. [ABSTRACT FROM AUTHOR]

In the article, the authors analyzed the state and assessed the efficiency of industry in Ukraine. Within the framework of the study, an overview of the main macroeconomic indicators of the development of the economy of Ukraine was carried out, the determination of the actual value of which made it possible to form a prognosis of their changes for the future. In the process of research, the dynamics of the main indicators of the development of industrial enterprises of the country were analyzed, which allows us to judge the presence of both positive and negative changes. The analysis of the volume of products sold (goods, services) of industrial enterprises of Ukraine by types of economic activity, the analysis of the profitability of the operational activities of industrial enterprises and the analysis of the net profit (loss) of industrial enterprises of Ukraine provides an opportunity to judge the efficiency and effectiveness of the functioning of the industry. [ABSTRACT FROM AUTHOR]

The article examines issues related to the state's activities in the field of innovation-oriented infrastructure development policy. In the field of innovative entrepreneurship, issues related to various forms of financing innovative projects, such forms of state support as legal, informational, political and other types of assistance are considered. The application of an institutional approach to creating a mechanism for managing structural changes in socio-economic systems in order to increase their resilience in the face of large-scale security challenges is also explored. The main component of such stress-resistance is the ability to create and implement innovations, the formation of innovation-oriented systems. Trends in structural changes in the economy of Ukraine, which have arisen under the influence of war, have been identified, and problems that could threaten resilience to security challenges have been highlighted. The need to transition to an innovation-oriented economy to restore the country's competitiveness in the post-war period is highlighted. In the short-term perspective, the state's strategic priority is the transition from a reproductive to an innovative type of development, which is accompanied by a change in the factors of economic growth and recognition of the ability of economic agents to quickly generate new ideas and their commercialization as the main determinant of business processes. At the same time, the need for effective institutional support to stimulate market participants to innovate has been proven. An institutional mechanism for managing the innovative development of socio-economic systems with the allocation of legislative and organizational support at various structural levels in order to realize the defined goals is proposed. The article analyzes the characteristic features of the innovation-oriented economy and establishes the influence of the state on its formation. The level of innovativeness of the Ukrainian economy was studied and compared with similar indicators of other countries of the world. A number of measures have been proposed to restructure the domestic economy with the aim of transforming it from a raw material-mining model of development to an innovation-oriented economy. [ABSTRACT FROM AUTHOR]

The purpose of the article is a further development of provisions on economic entities’ compliance with gender policy, analysis of the state of parity in wages between men and women, and the forecast of the level of average wages in Ukraine. The article examines the level of dynamics of the Ukrainian population by age group and gender. It was established that as of 2021, the number of men was 12% less than women, but men have quantitative advantages in pay and management positions. According to the analysis and forecast data for 2022-2024, a positive trend is observed in terms of women’s average salary growth. However, according to the forecast data, men will be receiving an average salary that is 43% higher than that of women, which creates gender inequality in the remuneration of workers. It was established that the gender audit technique can additionally take into account the assessment of such criteria as personnel potential, corporate and organizational culture, working conditions, management policy, and others. One of the preventive assessments of a company's compliance with the gender policy can consist of the analysis of job advertisements. Methodical principles for analyzing the remuneration of men and women working in business entities in the financial and insurance spheres have gained further development, at the expense of which it is possible to improve the quality of the gender analysis of the workforce from the existing ones with a high-quality personnel management plan, which made it possible to make a prospective forecast of the average salaries for men and women for 2022-2024. A proprietary approach has been proposed to the methodology of such analysis, which is based on statistical reporting indicators which, unlike the existing ones, are built on the basis of the application of the relevant functions of the software product Microsoft Excel 2021. [ABSTRACT FROM AUTHOR]

In the article, a study of approaches to defining the essence of the "auditing services" category in the modern theory and practice of conducting audits at enterprises was carried out, which made it possible to substantiate the need for professional auditing services, which will ensure reliable and efficient, sustainable and competitive activity for domestic industrial enterprises, which will lead to their stable and reliable longterm existence in the domestic and foreign markets, which is confirmed by the foreign practice of their application. It has been proven that such audit services, which are not related to the audit of financial statements and accounting, such as consulting and special purpose audits, require the preparation of an audit opinion in accordance with the requirements of the customer, but are directed to the examination and assessment of the effect of certain types on areas of activity of industrial enterprises, should be conducted by audit firms and auditors in accordance with ISA 800 "Auditor's opinion when performing special purpose audit tasks". A study of the foreign experience of conducting a special purpose audit - an efficiency audit and the structuring of types of such audits depending on the object has been carried out. It has been proven that the most widespread type of performance audit in the world practice of auditing activities and activities of industrial enterprises is operational audit and management audit. It has been substantiated and proven that the audit of the efficiency (special purpose) of the enterprise's activity begins with the stage of economic analysis of the object of the research - or activity and its individual types, resources or an individual type of resources, or capital or its individual type of capital, etc. And in the context of the conducted research, the audit of the effectiveness of working capital, which is invested in its current assets, with the aim of their effective use and management, begins with the stage of their economic analysis, which is formed on the basis of an integrated approach. The conducted research made it possible to test the proposed complex methodical approach to the economic analysis of current assets on the example of a food industry enterprise of the Odesa region in the system of auditing their efficiency. [ABSTRACT FROM AUTHOR]

The article reveals the functional role of accounting and analytical support in the management of economic entities, the place of this management toolkit in the general information system of the enterprise. At enterprises of any industry, the practical implementation of management processes (making management decisions) relies on information grouped and systematized in a certain way, the basis of which in Ukrainian practice traditionally consists of data from accounting and analytical systems combined into a single accounting and analytical model. The main functional purpose of the accounting and analytical system is noted, which consists in presenting complete information (synthesized in it by its subsystems) in a form suitable for making effective management decisions. The content and informational parameters of this management toolkit and its compliance with modern management needs have been studied. The problem of the traditional Ukrainian practice of the system of accounting and analytical support is noted, which consists in its excessive emphasis on completed (past) financial and economic processes and the absence of instrumental means for displaying information that is not expressed by financial indicators. The significance of the development of the system of accounting and analytical support is argued and the necessity of introducing an informational and analytical system adaptive to economic conditions at domestic enterprises is substantiated. The formulated aspects of improvement (adaptation) of the concept of accounting and analytical support are based on the actual dependence of the processes of stabilization of the functioning of domestic enterprises on foreign investments (prerequisites for the post-war reconstruction of the national economy). It is substantiated that the expected changes in the economic environment will require the adoption of decisions adequate to the situation, as well as the demonstration of the effectiveness of one's activities according to the criteria accepted in the world space, which are established on the basis of a wide array of information flows. In conditions of significant changes in the economy, this system requires the selection of a basic (key) criterion adequate to these changes as a management guideline. The expediency of creating this type of system, which will inform users about the real economic value of the enterprise and its changes, has been proven. It was determined that the well-known indicator of the weighted average cost of capital may be the most suitable for the stabilization of Ukrainian enterprises. [ABSTRACT FROM AUTHOR]

An article is devoted to theoretical and practical aspects of financial rehabilitation of enterprises. Different approaches of economists to the essence and meaning of the concept of “financial rehabilitation of the enterprise” are analyzed. In the form of a graphic interpretation, the main tasks included in the financial rehabilitation of the enterprise, as well as the algorithm of methods for its implementation, are presented. A number of problems that may arise in the process of financial rehabilitation of enterprises are identified and substantiated. Among them, the most important is the cost of this process, as well as the lack of effective methods and specialists for diagnosing the financial state of the enterprise. Considering the importance of diagnosing the state of the enterprise development in the process of financial rehabilitation, it is recommended to use the economic and mathematical model of O. A. Vinnytska. The model has been tested on “InterTrade” LLC, which is engaged in wholesale and retail trade of auto parts. According to the results of economic and mathematical modeling, a tendency of the general financial condition deterioration of “InterTrade” LLC is revealed, as well as the presence of a “profitability” crisis at the enterprise. Among the advantages inherent in the proposed economic and mathematical model, it is worth highlighting the following: ease of use; availability of data necessary for calculations; compliance with the conditions of domestic enterprises management; the ability not only to assess, but also to determine a specific type of financial condition (crisis, satisfactory, stable, excellent, courageous). The general algorithm for choosing the method of financial rehabilitation of the enterprise has been improved, which consists of three interrelated stages (identification and elimination of external factors of bankruptcy of the enterprise; development and implementation of measures for financial rehabilitation of local enterprises; stabilization of the financial condition of the enterprise). For each separate stage, a goal and specific implementation measures are defined. Practical application of the algorithm will allow to solve the existing problems of enterprises quickly and qualitatively and, thus, to avoid the procedure of bankruptcy or liquidation in the future. [ABSTRACT FROM AUTHOR]

Purpose. Conducting a study on problematic issues of legal regulation of economic activity during the period of armed aggression of the Russian Federation against Ukraine, including relations with enterprises of the mining and metallurgical sector. This will be relevant for legal advisers at enterprises, legal practitioners, legislators, owners of these enterprises and their employees as well as representatives of executive authorities, whose powers include the elimination of gaps in legislation, with the provision of practical recommendations for improving the norms of the current legislation to regulate relevant relations and minimize possible cases of manipulation of the current legislation. Methodology. General scientific methods for researching processes and phenomena were used, namely: methods of analysis and synthesis to create a methodological apparatus for studying the consequences of the influence of “force majeure circumstances” on the activities of enterprises. Special research methods were also used, namely: grouping and systematization of theoretical material on the research topic, and logical generalization of the main characteristics. Findings. The presented scientific study analyzes problematic issues of legal regulation of relations with enterprises of the mining and metallurgical sector, including the aspect of reference by enterprises to “force majeure” as a reason for not fulfilling their duties. The practice of manipulation by counterparties of their rights and the imposed martial law is analyzed, and proposals for changes to the current legislation are provided, the purpose of which is to simplify the procedure for protecting enterprises that are forced to go to court to recover obligations from the other party under the contract. Originality. The article analyzes new aspects of the problems of a legal settlement of relations between legal entities (companies of counteragents) and enterprises of the mining and metallurgical sector, due to the armed aggression of the Russian Federation against Ukraine, using the example of counterparties’ use of the possibility of evading the fulfillment of their obligations under the agreement (contract), substantiated proposals aimed at improving the norms of the current economic procedural legislation. Practical value. The results of the study are important for legal advisers, practicing lawyers and lawyers, managers and accountants of enterprises in the case of the need to prove the existence of specific circumstances in the counterparty’s activities (destruction or damage to the material and technical base, lack of employees, other factors). The significance for legislators and executive authorities is that they can directly improve the legal framework. [ABSTRACT FROM AUTHOR]

In the current activities of domestic enterprises, financial controlling is increasingly becoming a key management tool that allows predicting probable adverse economic circumstances and ensuring the efficiency, stability and sustainability of business operations in the conditions of martial law and economic instability. Financial controlling significantly simplifies and automates financial processes, which enables the release of resources, optimization of managerial financial decisions and stable development of the enterprise. In order to achieve the strategic and operational goals of business development and to effectively solve the main tasks that rely on the financial controlling system, the implementation of automated information systems that allow improving the quality of financial management and the effectiveness of control functions of the company's management is currently becoming relevant. The purpose of the article is to study the features of information support of the financial controlling system and the role of automated information systems in financial control and enterprise management. The article proves that increasing the efficiency of the enterprise management system consists not only in the development and improvement of the methodological and theoretical foundations of financial controlling, but also in the active use of information systems and technologies capable of simplifying procedures for working with information and helping financial management to quickly make managerial financial decisions. The properties of the BSC system, which is a management concept built on a balanced system of indicators and provides the enterprise with a comprehensive picture of the efficiency of functioning, were studied. The peculiarities of the use of ERP systems for the automation of procedures for financial controlling and complex management of the enterprise have been analyzed. [ABSTRACT FROM AUTHOR]

The object of this study is the assessment of the organizational and technological inertia of energy consumption processes at enterprises. The task to design effective toolset for such an assessment was tackled. The indicators for assessing the organizational and technological inertia of energy consumption processes at enterprises have been determined and systematized. The factors that influence the level of this inertia were highlighted. A method for decomposing the relative level of organizational and technological inertia of energy consumption processes has been developed. The level of organizational and technological inertia of the processes of natural gas consumption was assessed on the basis of a sample of enterprises. It has been established that this level is quite high. In particular, the duration of lag in the reduction of natural gas consumption, averaged over 2016–2021, ranged from 1.3 to 1.8 years. At the same time, the relative level of organizational and technological inertia of the processes of consumption of natural gas in terms of its natural volumes ranged from 36.5 % to 47.9 %. The empirical results are explained by the presence of significant obstacles to the implementation of organizational and technological measures to save natural gas. A feature of the designed toolset for assessing the organizational and technological inertia of energy consumption processes is that its use makes it possible to obtain a comprehensive and accurate assessment of the specified inertia. This toolset can be used by enterprises of all types of economic activity in assessing the reserves for reducing the organizational and technological inertia of energy consumption. In addition, the designed tools can be used by state authorities and local governments in the formation of strategies for energy-saving economic development [ABSTRACT FROM AUTHOR]

In the article, organizational and economic support of tourism and hotel enterprises activities has been developed based on the construction of an effective mechanism capable of solving problems of an institutional, organizational and economic nature. The authors have found out that the development of tourism has a huge impact on the socio-economic state of the country and the level of the quality of life of the population, therefore the formation of organizational and economic support for the activities of tourism and hotel enterprises is of primary importance since the tourism industry is an interdisciplinary complex that is part of the tourism sphere and unites various types of economic activity from material production to the non-material sphere, which are the material basis of tourism, the basis for personnel training, production management organization, and tourism product sales. It has been stressed that tourism enterprises are business entities of a specific nature, which have certain features both from the point of view of production organization and their socio-economic efficiency. It has been found out that hospitality enterprises must form and implement existing service strategies in order to meet specific and rapidly changing needs of the market in which they have chosen a certain segment for themselves since, in conditions of a high level of bankruptcies, only those business entities that are able to think strategically and adapt to changes in the external environment can achieve success. An integrated approach to the formation and implementation of state policy in the field of tourism and hotel management is proposed. The functional relationship of the totality of the main factors that determine the state of the financial and economic activity of tourism and hotel enterprises is determined. It is indicated that the economic efficiency of the activities of tourism and hotel industry enterprises is achieved through a balanced personnel management system. A model for monitoring the development of personnel is suggested. The use of this model allows for controlling and managing the course of the process. It has been concluded that today when doing business in the field of tourism, it is necessary to clearly take into account external and internal factors influencing the activities of economic entities and improve the personnel management system since the level of satisfaction of consumers of tourism and hotel services depends on the personnel's professional abilities. [ABSTRACT FROM AUTHOR]

The methodological basis for understanding the essence of the definition of «development» was the generalized results of research by various scientific schools in this direction. On the basis of the dialectical estimation of scientific research carried out by the author on the existing understanding of the essence of economic development and economic development of enterprise, it is proposed to group existing views in accordance with three approaches, namely: extensive-intensive transformation, the process system of dynamic transformations, cyclical evolutionary transformation. The carried out study of the essence and features of the economic development of enterprises allowed to identify the main components of this process as a system and build a conception of economic development of the enterprise. A detailed study of the essence and peculiarities of the interpretation of development of enterprise of different according to various scientific views made it possible to assert that the development of an enterprise is a multifaceted process, which is characterized by the following signs: the development of enterprise is a result of evolutionary transformations in society together with economic activity; the development of enterprise is determined by the need to adapt organizational-economic flow processes in accordance with structural changes in the economic system of all spheres of activity; the development of enterprise stimulates the qualitative transformation of the management system and the organization of economic activity; the development of enterprise involves the construction of a flexible, balanced and adapted to the market environment of the organizational-economic system of functioning in time and space; the level of development of enterprise depends on resources; it also depends on competences and relevance of existing potential in relation to the possibility of its implementation at the appropriate time and place; the development of enterprise is determined by the desire to increase efficiency and gain competitive advantages. [ABSTRACT FROM AUTHOR]