Segmentary analysis of the efficiency of state enterprises
Article Sidebar
Main Article Content
صندلی اداریAbstract
The purpose of the article is to substantiate the main stages and directions of analysis of the activities of state-owned enterprises by operational and geographical segments, taking into account the goals and objectives of strategic management. The information base of the empirical study was the data of the official website of JSC “Ukrzaliznytsia” for 2020. The methodological and methodological basis of the study is the National Accounting Regulation (Standard) 29 “Financial reporting by segments” and International Financial Reporting Standards (IFRS) 8 “Operating segments”. The following methodical methods were used in the course of the research, namely: methods as comparison, modelling, time series, structural and dynamic, graphic and coefficient analysis. Based on the proposed methodology, the efficiency of JSC “Ukrzaliznytsia” is analysed and the problematic operating segments of its activities are identified, which reduce the overall financial results of the company. The results of the study are the improvement and systematization of analytical indicators in terms of individual stages and areas of strategic analysis of the effectiveness of state enterprises through the differentiation of performance evaluation of their operating business segments. For this purpose the main stages and directions of the analysis on the following analytical blocks are offered: the analysis of external environment of functioning of a business segment; analytical assessment of the competitiveness and competitive position of the business segment; analysis of resource potential and efficiency of production capacity of the business segment; assessment of innovation and investment activity of the business segment; analysis of the efficiency of the business segment; analysis of the state of execution of budgets of revenues, expenditures, profits; analysis of management efficiency and quality.
Downloads
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
1. Proposal of Policy for Free Access Periodics
Authors whom publish in this magazine should agree to the following terms:
a. Authors should keep the copyrights and grant to the magazine the right of the first publication, with the work simultaneously permitted under the Creative Commons Attribution-NonCommercial-ShareAlike 4.0 that allows the sharing of the work with recognition of the authorship of the work and initial publication in this magazine.
b. Authors should have authorization for assuming additional contracts separately, for non-exclusive distribution of the version of the work published in this magazine (e.g.: to publish in an institutional repository or as book chapter), with recognition of authorship and initial publication in this magazine.
c. Authors should have permission and should be stimulated to publish and to distribute its work online (e.g.: in institutional repositories or its personal page) to any point before or during the publishing process, since this can generate productive alterations, as well as increasing the impact and the citation of the published work (See The Effect of Free Access).
Proposal of Policy for Periodic that offer Postponed Free Access
Authors whom publish in this magazine should agree to the following terms:
a. Authors should keep the copyrights and grant to the magazine the right of the first publication, with the work simultaneously permitted under the Creative Commons Attribution-NonCommercial-ShareAlike 4.0 [SPECIFY TIME HERE] after the publication, allowing the sharing of the work with recognition of the authorship of the work and initial publication in this magazine.
b. Authors should have authorization for assuming additional contracts separately, for non-exclusive distribution of the version of the work published in this magazine (e.g.: to publish in institutional repository or as book chapter), with recognition of authorship and initial publication in this magazine.
c. Authors should have permission and should be stimulated to publish and to distribute its work online (e.g.: in institutional repositories or its personal page) to any point before or during the publishing process, since this can generate productive alterations, as well as increasing the impact and the citation of the published work (See The Effect of Free Access).
d. They allow some kind of open dissemination. Authors can disseminate their articles in open access, but with specific conditions imposed by the editor that are related to:
Version of the article that can be deposited in the repository:
Pre-print: before being reviewed by pairs.
Post-print: once reviewed by pairs, which can be:
The version of the author that has been accepted for publication.
The editor's version, that is, the article published in the magazine.
At which point the article can be made accessible in an open manner: before it is published in the magazine, immediately afterwards or if a period of seizure is required, which can range from six months to several years.
Where to leave open: on the author's personal web page, only departmental websites, the repository of the institution, the file of the research funding agency, among others.
References
Aleksjejeva, A., & Ighnatenko, T. (2010). Etapy stanovlennja i rozvytku seghmentarnogho obliku ta zvitnosti v Ukrajini [Stages of formation and development of segmental accounting and reporting in Ukraine]. Visnyk Kyjivsjkogho nacionaljnogho torghoveljno-ekonomichnogho universytetu, 5, 40-45.
Barnetoa, P., & Ouvrardb, S. (2015). Is the firm's business model related to segment reporting? Research in International Business and Finance, 35, 122-137
Birt, J., & Shailer ,G. (2011). Forecasting confidence under segment reporting. Accounting Research Journal, 24(3), 245-267.
Birt, J., Joshi, M., & Kend, M. (2017). Segment reporting in a developing economy: the Indian banking sector. Asian Review of Accounting, 25(1), 127-147.
Ghembl, P. R., Marsella, E., & Tapp, A. (2007). Marketynghovaja revoljucyja [Marketing Revolution] Moskow: Balans Byznes Buks.
Heo, К.(2018). Segment Reporting Level And Analyst Forecast Accuracy. The Journal of Applied Business Research, 34(3), 471–485.
Herrmann, D., & Thomas, W. (1996). Segment reporting in the European Union: Analyzing the effects of country, size, industry, and exchange listing. Journal of International Accounting, Auditing and Taxation, 5(1), 1-20.
Kobbi-Fakhfakh, S., Shabou, R. M., & Pigé, B. (2018). Determinants of segment reporting quality: evidence from EU. Journal of Financial Reporting and Accounting, 16(1), 84-107.
Kotler, P. (2008). Osnovy marketyngha [Basics of Marketing]. Moskow: Vyljjams.
Lamben, Zh., Chumpytas, R., & Shulingh, I.(2010). Menedzhment, oryentyrovannij na rynok [Market-oriented management]. SPb: Pyter.
Leghenchuk, S. F.(2016). Finansova zvitnistj za seghmentamy: istorychni aspekty, aktualjni problemy ta perspektyvy rozvytku [Financial statements by segment: historical aspects, actual problems and prospects of development]. Problemy teoriji ta metodologhiji bukhghaltersjkogho obliku, kontrolju i analizu, 2-3(35), 228-239. [in Ukrainian]
Mizhnarodnyi standart finansovoi zvitnosti 8 « Operacijni seghmenty» [International Financial Reporting Standard 8 «Operating Segments»] Retrieved from: https://zakon.rada.gov.ua/ laws/show/995_k53# Text.
Natsionalne polozhennia (standart) bukhhalterskoho obliku 29 «Finansova zvitnistj za seghmentamy» [National Accounting Standart of Ukraine 29 Financial statements by segment "]: nakaz Ministerstva finansiv Ukrainy vid 19.05.2005 r. № 412. Retrivied from: https://zakon.rada.gov.ua/laws/show/ z0621-05#Text. Access: December 13, 2021.
Nita, В. (2013). Segmental reporting in responsibility accounting under international financial reporting standards. Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu, No. 290, 60-71.
Oficijnyj sajt Akcionernogho tovarystva «Ukrajinsjka zaliznycja» [Official website of the "Ukrainian Zaliznytsia" Company] Retrivied from: https://www.uz.gov.ua/.
Ozeran, A.V., & Vovk, M. O. (2014). Audyt zvitnosti za seghmentamy [Audit of reporting by segment] Nezalezhnyj auditor, 7(1), 47–54. [in Ukrainian]
Pasko, O., Balla, I., Levytska, I., & Semenyshena, N. (2021). Accountability on Sustainability in Central and Eastern Europe: An Empirical Assessment of Sustainability-Related Assurance. Comparative Economic Research. Central and Eastern Europe, 24(3), 27-52. DOI: https://doi.org/10.18778/1508-2008.24.20.
Paul, J. W., & Largay, J. A. (2005). Does the “management approach” contribute to segment reporting transparency? Business Horizons, 48(4), 303-310.
Radchenko, O., Semenyshena, N., Sadovska, I , Nahirska, K., & Pokotylska, N. (2020).
Foresight Development Strategy of the Financial Capacity: Comparative Study of the
Ukrainian Agricultural Sector. Engineering Economics, 31(2), 178–187. DOI:
https://doi.org/10.5755/j01.ee.31.2.24340.
Saidi, F. (2017). Corporate governance and segmental disclosure: evidence from Canada. International Journal of Managerial and Financial Accounting (IJMFA), 9(2). Retrivied from: https://www.inderscience.com/offer.php?id =84778.
Samborska-Muzychko, Yu., Parasii-Verhunenko, I., Pashchenko, O., Budniak, L., & Salamin, O. (2021). Public Sector in the Transformation Economy of Ukraine: Macroeconomic Analysis. Independent Journal of Management & Production, 12(3), s296-s317. DOI: 10.14807/ijmp.v12i3.1541.
Semenyshena, N., Khorunzhak, N., Lazaryshyna, I., Yurchenko, O., & Ostapenko, Yu. (2021). Accounting Institute: on the Genesis and Impact of Management Revolutions. Independent Journal of Management & Production, 12(3), s243-s261. DOI: https://doi.org/10.14807/ijmp.v12i3.1540.
Semenyshena, N., Radchenko, O., Zelenskyi, A., Khocha, N., & Pelekh, U. (2021).
Development of the Institutional Accounting for the Needs of Financial Regulation:
Experience in the Agricultural Sector of Ukraine Independent Journal of Management &
Production, 12(6), s702-s720). DOI: 10.14807/ijmp.v12i6.1760.
Talha, М., Abdullah, S., & Madani, H. (2009). Segmental reporting and competitive disadvantage: a study of Malaysian companies. International Journal of Managerial and Financial Accounting, 1(3), 305-319.