Viktor Zvonar
PhD in economics, senior researcher, Ptoukha Institute for Demography and Social Studies, NAS of Ukraine

The paper presents a theoretical model of the mechanism for realization of social responsibility as a multi-stakeholder phenomenon exercising complex socio-economic influence. The general design of the mechanism under consideration schematically reproduces the famous «Mobius band» with two areas. These areas are specifed as two equally important, interdependent and mutually operated sub-mechanisms (mental and communitarian) that target distinct aspects of social responsibility realization in socio-economic environment.

THEORETICAL DESIGN OF THE MECHANISM OF REALIZATION OF SOCIAL RESPONSIBILITY AS A SOCIO-ECONOMIC PHENOMENON

Inna Deyneha
PhD, associate professor, assistant professor of management Rivne State Humanitarian University

Maria Androshchuk
Lecturer Department of Management Rivne State Humanitarian University

The essence of the concept of «service» in the interpretation of different authors. The main characteristics of services and their types. Services identifed in the education market. We consider the specifc characteristics of educational services and the mechanism of their manifestation in organizations of different levels of accreditation. The measures of administrative influence, aimed at improving the quality of educational services.

MARKET CHARACTERISTICS OF EDUCATIONAL SERVICES

Oksana Zhuk
magister, National University «Ostroh academy»

The article defnes the essence of the company’s assets in accordance with the accounting. Proposed a step wisestudiesal gorithmof the composition and structure of the company’s assets. The analysis of the dynamics of the assetscomponents is carried outfor one of the ukrainianenterprisesand studied its structure in the context of current and non-current assets.Also it assesses the status and effectiveness of the fxed assets for the investigated company.

EVALUATION OF THE COMPOSITION AND STRUCTURE OF COMPANY’S ASSETS

Liudmyla Karpchuk
magister, National University «Ostroh academy»

The basic nature and credit portfolio management mechanism of commercial banks in Ukraine was explored in the article. The basic analytical indicators of credit portfolio management of commercial banks in Ukraine and the individual bank were analyzed. Particular attention was paid to the process of controlling bad debts of commercial banks and determining the level of the problem loans. The effectiveness of credit portfolio of the bank was analyzed in a result of the research.

EVALUATION OF THE CREDIT PORTFOLIO MANAGEMENT MECHANISM OF COMMERCIAL BANKS IN UKRAINE IN MODERN CONDITIONS

Halyna Kovalchuk
magister, National University of Ostroh Academy

This article provides a practical analysis of the fnancial aspects of the formation and usage of the company’s assets, the ways of improving these processes. According to theoretical defnitions company’s property expressed through all of its assets, sources of their formation are articles of balance liability. Financial aspects of the analysis of the formation and property usage investigated by an assessment of the fnancial condition and assessment of the effectiveness of company’s assets.

FINANCIAL ASPECTS OF THE FORMATION AND USAGE OF COMPANY’S PROPERTY

Volodymyr Korol
undergraduate, National University «Ostroh Academy»

In the article was investigated special management in forming a capital chemical industry in period of crisis. Scanedstructure of capital top companies – producent of nitrogen fertilizers and sources of its formation. We did calculation some index and they give to us to opportunity to detailed valuation of policy formation. Given the results obtained, the proposed measures to improve policies for managing capital and optimizing its structure in the context of maximizing the level of fnancial proftability.

VALUATION EFFICIENCY SPECIAL MANAGEMENT OF CAPITAL COMPANY CHEMICAL INDUSTRY

Natalia Mamontova
Professor, Doctor of Economic Sciences, Head of the Department of Finances, Accounting and Auditing, The National University of Ostroh Academy

Olexandr Ishchuk
Master Student, The National University of Ostroh Academy

Maintenance of solvency is one of enterprise’s prior objectives. This issue is becoming even more topical today – in conditions of political and economic crisis. Not only is good solvency favorable for the enterprise itself, but it is also benefcial for its partners, investors, creditors and others stakeholders. This article studies the interconnection between liquidity ratios and offers a model for optimization of correlation between assets and liabilities in order to ensure the company’s solvency. Since the analysis of solvency is constantly conducted by enterprises, this model will help to greatly simplify the process of optimization of liquidity ratios.

THE INTERCONNECTION OF LIQUIDITY INDEXES AND MODEL OF THEIR OPTIMIZATION

Elena Nepochatenko
Doctor of Economics, Professor, Rector of Uman National University of Horticulture

Svetlana Ptashnyk
postgraduate of Uman National University of Horticulture

The article outlines and the necessity of development of agricultural enterprises based on innovative technologies in major areas of agricultural enterprises to ensure their competitiveness.Proved that innovation and investment policy has a signifcant impact on the activities of agricultural enterprises without innovation because it is impossible to increase the competitiveness of domestic agricultural products, and without investment – to implement market reforms and bring them to life.

ІNVESTMENT AND INNOVATION TO ENSURE INCREASED COMPETITIVENESS OF FARMS

Dmytro Nekh
magister, National University «Ostroh Academy»

In the article estimated the level of liquidity and solvency of public joint-stock company «Ukrtelekom» for the last three years. Identifed and analyzed the main fnancial soundness indicators. Particular attention is paid to indicators of liquidity and exposure units on the liquidity of the company. The article suggested ways to further support the company’s solvency and improve its fnancial position and fnancial results as a major prerequisite for successful operation of the enterprise.

INCREASING LIQUIDITY AND SOLVENCY ENTERPRISES IN THE IMPROVEMENT OF ITS FINANCIAL (FOR EXAMPLE JSC «UKRTELECOM»)

Olga Osadcha
Ph.D in Economics, Associated Professor, National University of Water Management and Natural Resources Use

We study the performance indicators as a defning component of the management information base of domestic enterprises, institutions and organizations. The aim of this work is to study the methodology of accounting and analytical support for the performance of entrepreneurial and non-entrepreneurial activity, study the factors of their objectivity and reliability.Disclosed methodological and organizational approaches to the assessment of economic activity in general, as well as the directions of its socio-economic and environmental balance. For example, evaluation of the implementation of environmental safety programs offered indicators of business performance as a set of indicators of fnancing, product performance and quality, given their generalizations in the accounts.

SYSTEM PERFORMANCE INDICATORS ACTIVITY OF DOMESTIC SUBJECTS

Olha Oliinyk
мagister, National University Ostroh Academy

In the article we analyze the indicators of fnancial stability, liquidity, business activity, proftability and the likelihood of bankruptcy of enterprise. Based on that we identifed the problems of fnancial security «Soufflet Agro Ukraine». We did the operational analysis and proposed ways of increasing proft and improving fnancial safety at «Soufflet Agro Ukraine».

GROTH OF PROFITABILITY AS THE MAIN POINT OF FINANCIAL SAFETY LLC SOUFFLET AGRO UKRAINE

Liliia Oksentiuk
мagister, The National University of Ostroh Academy

The probability of company’s bankruptcy has been evaluated in the article and ways of improving the development of its readjustment internal fnancial resources have also been identifed.The performance of the company has been characterized in this research, in particular focused on proftability as indicator of ensuring the stability of the company. A range of measures, based on the specifcity of company’s activities and foreign experience,for improving the rehabilitationof the entity have been proposed in the article.

WAYS OF IMPROVING THE DEVELOPMENT OF READJUSTMENT INTERNAL FINANCIAL SOURCES OF FOOTWEAR ENTERPRISE

Nikolai Chudinovych
Master National University «Ostroh Academy»

The scientifc basics of the enterprise of cash flows management process organization is covered in the article, its principles and stages are investigated. Theoretical, methodological provisions and practical recommendations concerning of enterprise cash flows management are developed. The conceptual approaches to enterprise cash flows optimum management are offered.

OPTIMISATION OF CASH FLOWS OF THE COMPANY

Ganna Oganezova
Ph.D. in Economics, Associate Professor, Associate Professor Kharkov Medical Academy of Postgraduate Education

We prove the health of the population depending on employment: in the absence of opportunities for decent employment trend deteriorating health of economically active population. It is proved that the lack of decent working conditions, unemployment, low wages, affect the ability of workers to invest in their own health.The conclusion about the need to improve the social responsibility of the state, employers, trade union activity to create real conditions for the preservation and restoration of the health of the working population, are directly related to the provision of decent work to poverty reduction, increased income, improved working conditions.

EFFECT OF EMPLOYMENT ON THE HEALTH OF WORKING POPULATION IN UKRAINE

Ivan Topishko
PhD, Associate Professor

Natalia Topishko
PhD, Assistant Professor Department of Economic theory, Management and Marketing The National University of Ostroh Academy

The essence of the category of «social responsibility» as a comprehensive concept that reflects the fundamental values of society is described. The system of social responsibility is characterized as a social institution that regulating social and economic relations in order to ensure stability and improving the living standards. The evolution of theoretical and methodological approaches concerning the content and levels of social responsibility as a reflection of the process of understanding society needs and opportunities to ensure its practical demands and results are observed. The attention is paid to the responsibility of the enterprises as a criteria of necessity and effectiveness of their activities, as an effective tool of social control mechanism to align corporate and public interests. It is underlined the necessity of forming a new type of social relations-oriented enterprises that oriented on increasing responsibility in the impact of their activities on social development.

CONCEPTUAL PRINCIPLES OF CORPORATE SOCIAL RESPONSIBILITY

Liliya Barannik
Professor, University of Customs and Finance

Some aspects of the sustainable development of enterprises in the conditions of reforming the tax system and the changes that were made to the tax legislation at the end of 2016 are considered in the article. A special attention was paid to the taxes that have a direct impact on the activity of the enterprise – the value added tax, excise tax, income tax and the single tax. It is noted that the tax policy supposes compromise the interests of economic entities in their relationship with the state and with its fscal objectives. We sketch the range of problems that have to be resolved in Ukraine to create an optimal model of taxation.

FACTORS FINANCIAL SUPPORT OF ENTERPRISES: TAX ISSUES

Andrii Baskakov
candidate of science degree, department of fnance Taras Shevchenko National University of Kyiv

In the article it was analyzed the scientifc opinions on the interpretation of the essence of the concept of «budget management». On the basis of a critical analysis and synthesis of existing views of domestic and foreign researchers to formulatetheir own vision of the author’s defnition of budget management, which is based on its morphological decomposition, for the purposes of allocation, task, subjects, objects, principles and budget management functions.

THE SCIENTIFIC APPROACH TO DETERMINE THE ECONOMIC CONTENT OF THE BUDGET MANAGEMENT CONCEPT

Andrii Buriachenko
Dr.Sc., professor at the department of fnance, KNEU named after Vadym Hetman

The article examines the main approaches to the understanding of the concept of «fnancial capacity», analysis its nature and structure. More established views on the place, role and importance of the region’s fnancial potential for its further development. Suggests my own vision of the fnancial capacity of the structure.

ECONOMIC ESSENCE (NATURE) OF THE REGION’S FINANCIAL POTENTIAL

Olga Voznyuk
PhD student, University of Customs and Finance

Theoretical aspects of the formation of local budgets in Ukraine in the context of recent changes in the budget law discussed in the article. It noted the frst results of the reform of intergovernmental fscal relations, and the need for further deepening of the decentralization reform both the legal point of view, and fscal capacity. The village, settlement, city councils and authorities of OTG should be allowed to set up individual preferential rates of local taxes and fees for the individual entrepreneurs and individuals or exempt them from payment of taxes and fees. We sketch the range of problems that still need to be addressed to deepen local fnancial theory.

POTENTIAL OF LOCAL BUDGETS IN THE CONDITIONS OF FINANCIAL INSTABILITY

Olha Demyanchuk
PhD, Associate Professor of the Department of Finances, Accounting and Auditing, The National University of Ostroh Academy

Oleh Senyk
Master Student, The National University of Ostroh Academy

In this paper disclosed the question of determining the nature and value of local budgets Ukraine, analyzes the dynamics of local budgets of Ukraine for 2013-2015 years by type, the effectiveness of the revenues of local budgets Ukraine for 2013-2015 years, and presented proposals for increasing the effciency of local budgets Ukraine in terms of decentralization reforms. Key words: revenues of local budget, effciency revenues, local budgets.

EVALUATION OF THE EFFECTIVENESS OF FORMATION THE LOCAL BUDGETS IN UKRAINE

Yaroslav Dubitskyi
a candidate for a Master’s degreeat The National University of Ostroh Academy

The article is suggested the ways to minimize the risks of active and passive operations in JSC «Ukreximbank» to reduce the risk of a liquidity crisis and bank solvency.Theauthor's attentionfocused on particular waystominimize risks,suchas: limitation and normalization, diversification, creationofreserves, securitization, transferpricing, insuranceloans, thetightening of the requirements for the provision of security.

MINIMIZATION OF RISKS OF ACTIVE AND PASSIVE OPERATIONS IN JSC «UKREXIMBANK»

Tetyana Zatonatska
Doctor of Sciences, Professor at the Department of Economic Cybernetics, Taras Shevchenko National University of Kiev

Oleksandr Tkachenko
Student of the Taras Shevchenko National University of Kiev

The critical analysis of different definitions of the essence of the concept of «fiscal space» is done and on this basis. Аlternative approaches to his interpretations are defned – targeted, quantitative, resource, cost and resultative approaches It is determined the tax, the budget and the other tools that are used by the state to create fscal space. It is proved that in practice there are three basic combinations of tools of fscal space forming – fiscal expansion (fscal stimulus), fiscal consolidation (fscal stabilization) and fiscal restriction (fscal containment). It is proved the necessity of the use of fiscal instruments at different phases of the economic cycle in order to neutralize the negative changes and to provide economic dynamics the accelerating momentum. Thus, the choice of forming tools of fscal space should depend on the current state of public fnances. It is proved that the rational use of tools of fiscal space formation will not only lead to changes in the fscal sphere, but it will also affect the financial and real sectors of the economy, employment, social programs and so on.

THEORETICAL ESSENCE AND FEATURES OF FISCAL SPACE FORMATION

Mykola Кarlin
Doctor of Science (Economics), Professor, Head of the Department of Finance, Banking and Insurance of Lesya Ukrainka Eastern European National University

The article analyzes the positive and negative experience of post-socialist countries on the establishment and operation of the different types of special economic zones and the features of taxation in these areas of the country depending on the activity. The necessity of introduction of SEZs in Ukraine has been proved.

THE EXPERIENCE OF OPERATION OF SPECIAL ECONOMIC ZONES IN POST-SOCIALIST COUNTRIES AND THE POSSIBILITY OF ITS APPLICATION IN UKRAINE

Nadiia Konashchuk
PhD student, сhair in Finance, Kiev National Economic University named after Vadym Hetman

The article studies the implementation of effective public procurement. The article deals with the basic «green» criteria for the procurement of goods, works and services. Focused on the economic, social, environmental, political advantages of the practice of «green» procurement. The work comprehensively explores international experience of this type of procurement with the purpose of use in Ukrainian purchasing politics. Also focusing on the need to introduce «green» procurement in Ukraine as a tool to maximize the use of public funds.

THE USAGE OF «GREEN» CRITERIA IN PUBLIC PROCUREMENT

Ruslana Koshyn
magister, National University «Ostroh academy»

Investigated the essence of the debt policy, analyzed the basic indicators that allow to evaluate the effectiveness of the debt policy such as the ratio of budget defcit to GDP, the share of foreign capital in the authorized capital of banks, payments on servicing and repayment of public debt. Defined the directions of debt impact on the economy and proposed key priorities for strengthening the fnancial security of Ukraine in the context of the debt policy.

EFFECTIVNESS OF UKRAINE DEBT POLICY IN THE CONTEXT OF STRENGTHENING THE FINANCIAL SECURITY OF THE STATE

Liubov Kondratiuk
MA, National University of «Ostroh Academy»

The article summarizes and analyzes the trends of fiscal payments earnings including VAT, comparing with the planned indices ; particular attention was focused on the factors that led to the underfunding of this tax in Ukraine. It was defined the key factor in the context of increasing the tax burden: the informal sector of the economy, the value of the shadow VAT and were analyzed such indices. The article provides specifc recommendations for improving the fiscal effciency of VAT by minimizing the level of illegitimate tax registration and VAT administration by economic entity.

FISCAL EFFICIENCY OF THE VALUE ADDED TAX IN UKRAINE IN THE CONTEXT OF THE UNSHADOWING OF TAXPAYERS ACTIVITIES

Olha Kryvytska
Cand. Sc (economics)

Dmytro Kovalenko
Undergraduate The National University of Ostroh Academy

This article explores the essence of insurance fraud in Ukraine and other countries, including Canada, details the main components (causes) of insurance fraud, revealed a number of problems faced by Ukraine in terms of dealing with fraudulence in the insurance industry including methods of dealing with it. In conclusion, the necessity of consolidating efforts of the government, insurance companies and their associations in terms of Fight against insurance fraud in Ukraine has been proved.

INSURANCE FRAUD IN MODERN CONDITIONS OF INSURANCE MARKET

Nataliia Mykhalchuk
6 years student, National University «Ostroh academy»

The process of bank assets and liabilities management is a key element of bank management that combines coordination of management decisions and achieve the required proportion between the amount and type of active and passive operations. This paper defnes the essence of bank assets and liabilities management as a mechanism for improving effciency of bank’s operational activity. The analysis of the commercial bank’s asset and liability, as well as the investigation of compliance with the terms of fnancial stability, liquidity and compliance with the liquidity norms of the NBU were conducted in the article.

THE ASSESSMENT OF EFFICIENCY OF PJSC CB «PRIVATBANK»ASSETS AND LIABILITIES MANAGEMENT

Svitlana Onyshko
doctor of Economics Sciences, professor, Head of Financial Markets Department, University of State Fiscal Service of Ukraine

The article is devoted to urgent problems of building a socially oriented economy from the perspective of the provision and financing of public goods and services. The necessity of resolving this problem in close connection with the financial solvency of households have been underlined. The attention is drawn to the fact that the improvement of public provision of social standards should be consistent with the achieved level of economic development. The identifcation of opportunities for citizens to participate in the development of the public sector with minimizing their hopes of the public consumerism as a result of failure of incentives to intensive work and entrepreneurship now as the challenge for state policy in Ukraine have been stressed.

TO THE ISSUE OF PUBLIC GOOD PROVIDING MODERNIZATION IN THE CONTEXT OF HOUSEHOLDS’ FINANCIAL WEALTH

Oleksandr Rozhko
Ph.D. in Economics, Professor at the Department of Finance, Taras Shevchenko National University of Kiev

The analysis of budget indicators is held. On this basis, the main trends in the fiscal decentralization in Ukraine are identifed. The innovations are determined in the transfer of extra-budgetary authority to the local government and securing stable sources of revenue for their implementation. It is proved that there should be decentralized model of mixed type in the basis of the budget system. The estimation of efficiency of fnancial equalization of the budgetary allocation used by the state to create fiscal space is held according to the author’s structural and logical scheme. The author’s approach to evaluating the effectiveness of financial equalization based on consideration of the Gini coeffcient and the Lorenz curve constructing for the evaluation of uneven incomes of regional budgets per capita permanent population before and after the reception of intergovernmental transfers is improved.

PRAGMATISTS IN PROCESSES OF THE FISCAL DECENTRALIZATION AND IMPROVEMENT OF APPROACHES TO THE EVALUATION OF THE EFFECTIVENESS OF FINANCIAL EQUALIZATION

Katerina Malinovska
PhD in economic science, teacher trade and economic college, member NGO «JANK»

The article discusses the trend of public activity and the role of public initiatives in cooperation with bodies of state power and bodies of local self-government. The features of organization of accounting and reporting in the activities of public organizations and identified weaknesses of the existing accounting and reporting methodology. Suggested ways to improve the accounting mechanism and statistics.

ACCOUNTING AND REPORTING AS AN INTEGRAL PART OF THE ACTIVITIES OF PUBLIC ORGANIZATIONS IS SUBJECT OF CIVIL LEGAL RELATIONS

Margarita Skrypnyk
Ph.D., head of accounting and auditing

Elena Hryhorevska
Ph.D., assistant professor of accounting and auditing, Kyiv National University of Technology and Design

The article substantiates the need to develop the enterprise policy management and identification of elements in it borrowing policies to improve approaches to accounting. Found that borrowing policies combining elements of accounting, contractual, tax policy formation and leverage it for your display, control and economic analysis

PLACE THE BORROWING POLICIES IN ECONOMIC POLICIES OF ENTERPRISE

Yulia Kharchuk
PhD in economic science, senior lecturer at the Department of Finance, Accounting and Audit of the National University of Ostroh Academy

The essence of management accounting after the responsibility centers and economic security of state and communal higher educational establishments in Ukraine has been specified in the article. The role in management accounting after the responsibility centers and accounting and analytical support management of economic security of the state higher educational establishments has been determined. The recommendations concerning the improvement of accounting and analytical support management of economic security of higher educational establishments in the context of upgrading organization and realization of management accounting after the responsibility centers by generalization of theoretical and estimation of practical aspects of the proved subject has been developed.

MANAGEMENT ACCOUNTING AFTER THE RESPONSIBILITY CENTERS AND ITS ROLE IN ACCOUNTING AND ANALYTICAL SUPPORT MANAGEMENT OF ECONOMIC SECURITY OF STATE AND COMMUNAL HIGHER EDUCATIONAL ESTABLISHMENTS IN UKRAINE

Nataliy Сhebanova
Ph.D. in Economical Science, professor Ukrainian state academy of railway transport

Tatyana Iefmenko
Phil.D. in Economical Science, professor Ukrainian state academy of railway transport

Victoria Orlova
Phil.D. in Economical Science, associate professor Ukrainian state academy of railway transport

The research is actual. Article of work. The necessity to bring enterprises to conformity at the expense of inclusion of the provisions as to the identifcation of bookkeeping accounting risks has been proved. Essence of book-keeping risks is exposed. Chosen context of threat of loss to authenticity of account and decline of quality of the fnancial reporting. Offered approach to authentication of book-keeping risks. The values of ingredients of method of record-keeping are certain. This setting consists of decline of risks of unauthenticity of account. Analytical research of sources of risks is executed in the article. Risks of follow from registration assumptions. The structured description of risks is offered educed at consideration of nature of «tax differences». Tax differences, it is factors warnings threats of distortion of profts and charges of payers of taxes.

METHODICAL GOING IS NEAR AUTHENTICATION OF RISKS OF RECORD-KEEPING AFTER TAX DIFFERENCES

Vladimir Voloshin
Ph.D., associate professor of the Department of Economic cybernetics, National University of Water Management and Natural Resources

Consider the possibility use an automated information system for account of the work of the building enterprise. Secrete the problem of forming a database of such system, which has the absence of full automation of the processes of collection, retrieval, processing and analysis of information. Exude information contacts and other contacts of building enterprise with external objects, including customers, project developers and manufacturers. Depicted functional structure of information system of accounting of building services. Constructed logical model of information system based on existing requirements and limitations to the system. Described the basic elements of interface of automated information system for accounting work building enterprise.

INFORMATION SYSTEM OF ACCOUNTING AS A WAY TO REDUCE UNCERTAINTY ON THE MARKET BUILDING SERVICES

Nataliia Dziubanovska
The cluster analysis is made by means of k-means software package STATISTICA 10. The variable group was selected by the volume of exports during 2002-2015 and the measure distance of objects in clusters was the Euclidean distance. Based on the clustering methods in exports of the EU during the period, there were allocated the EU countries, which were the most powerful exporters with an average level of exports and the countries with the lowest level of exports.