Contents of N2/2019

all contents

Contents of №2' 2019

CORPORATE  FINANCE

Development of a universal financial security assessment model of the organization
Alekseev V.N., doctor of Historical Sciences, candidate of Economic Sciences, professor, honored economist of the Russian Federation, Moscow Metropolitan Governance University, Moscow, Russian Federation
Guzov V.А., undergraduate student of Moscow Metropolitan Governance University, Moscow, Russian Federation

Annotation. The article is devoted to the study of approaches to the assessment of financial security in the context of internal factors of activity of business entities through a system of indicators and models. The use of a simplified model for assessing financial security using return on assets and depreciation rates is justified. This model is based on Depolyan’s model which is used for scoring.
The challenges of financial globalization and the aggravation of international competition objectively form a request for the scientific and expert community to research and develop new financial security tools both at the macro level across the country and at the micro level of business entities.
This article is devoted to the study and development of approaches to assessing the financial security of a commercial organization in the current period (analysis of financial activities) and in the prospect of forecasting insolvency (bankruptcy).
Keywords: financial infrastructure, financial security, financial security assessment, bankruptcy prediction models, Depalyan model, universal financial security assessment model.

References
1. Alekseev V.N. Razvitie finansovoj infrastruktury Evrazijskogo ehkonomicheskogo soyuza: kadrovye aspekty // Vestnik MGUU. – 2015. – № 1. – S. 36.
2. Artyuhova A.V., Litvin A.A. Analiz finansovogo sostoyaniya predpriyatiya: sushchnost i neobhodimost provedeniya // Molodoj uchenyj. – 2015. – № 11. – S. 744–747.
3. Danilova N.L. Sushchnost i problemy analiza finansovoj ustojchivosti kommercheskogo predpriyatiya // Koncept. – 2014. – S. 1–8.
4.  Ilin V.V., Alekseev V.N. Finansovyj menedzhment: ucheb. posobie. – M.: Omega-L, 2013. – S. 469.
5. Koehfficient godnosti osnovnyh sredstv // 1FIN.RU: ehlektronnyj zhurnal «Finansovyj analiz» [Ehlektronnyj resurs]. URL: 1fin.ru/?id=311&t=27 (data obrashcheniya: 12.02.2018).

Development of methodological tools for assessing financial risks for small businesses
Murav’eva N.N., Ph.D. in Economics, Associate Professor, Department of Economics and Management, Volzhsky branch of Volgograd State University
Murdasova M.O., 4th year student of the direction «Economics» (profile «Finance and Credit»), Volzhsky branch of Volgograd State University

The study was carried out with the financial support of the RFBR and Volgograd region Administration in the framework of the research project No. 18-410-340006 r_а.

Annotation. This article presents the algorithm for assessing financial risks in small businesses with the justification of the tools used. The proposed methodological tools include a set of financial ratios, grouped by selected types of financial risks. The quantitative values of indicators used for risk assessment, which allow determining their acceptable level, were justified. The study allowed to take into account the specifics of doing business in various economic and to form the criteria for evaluating the risks’ acceptability for small businesses of trade, industry and construction.
Keywords: small businesses, financial risks, financial risk assessment, risk assessment indicators, permissible level of risks.
References
1.  Belyajkina O.V.  Organizatsiya sistemy risk-menedzhmenta v malom biznese: situatsionno-kharakteristicheskie parametry // Voprosy ehkonomiki i prava. – 2015. – № 12. – S. 243–248.
2. Karmyshev Yu.А. Teoretiko-metodicheskie podkhody k upravleniyu riskami malykh predpriyatij // Аktual'nye problemy upravleniya: materialy IV Mezhdunarodnoj nauchno-prakticheskoj konferentsii. – Tambov, 2017. – S. 38–46.
3.  Rakhmanova M.S.  Metodika upravleniya finansovymi riskami malykh predpriyatij // Fundamental’nye issledovaniya. – 2015. – № 12–3. – S. 638–642.
4.  Filobokova L.Yu. Аnaliticheskij instrumentarij otsenki riskov v upravlenii malym predprinimatel'stvom // Gumanitarnyj vestnik. – 2013. – Vyp. 6 [Elektronnyy resurs]. URL: hmbul.bmstu.ru/catalog/econom/hidden/81.html (data obrashcheniya: 05.02.2019).
5. Chaldaeva L.A. Organizaciya ocenki riskov biznes-processov predpriyatij malogo i srednego predprinimatel’stva // Finansovaya analitika: problemy i resheniya. – 2013. – № 34 (172). – S. 33–38.
6. Volgogradskaya oblast’ v tsifrakh. 2017: kratkij stat. sbornik / Terr. organ Fed. sluzhby gos. statistiki po Volgogradskoj oblasti. – Volgograd: Volgogradstat, 2018. – 374 s.
7. Murav’eva N.N., Blinova T.K. Obosnovanie kriteriev ehffektivnosti upravleniya finansovymi riskami v kommercheskikh organizatsiyakh // Ekonomika i biznes: teoriya i praktika. – 2015. – № 1. – S. 65–70.
8. Murav’eva N.N. Spetsifika organizatsii upravleniya finansami na predpriyatiyakh malogo biznesa // Ekologiya, ekonomika, pravo: vzglyad v budushhee: sbornik statej po materialam nauch.-prakt. konf., prokhodivshej v ramkakh Nedeli nauki (aprel' 2018 g.). – Volgograd: Izd-vo VolGU, 2018. – S. 92–96.
9. Murav’eva N.N., Talalaeva N.S. Formirovanie sistemy pokazatelej ehffektivnosti upravleniya finansami na predpriyatiyakh real’nogo sektora ekonomiki // Audit i finansovyj analiz. – 2017. – № 2. – S. 206–214.
10. Edinyj reestr sub”ektov malogo i srednego predprinimatel’stva [Elektronnyy resurs]. URL: ofd.nalog.ru/search.html?mode=extended (data obrashcheniya: 24.01.2019).
11. Nalogovaya nagruzka po vidam ehkonomicheskoj deyatel’nosti v 2017 g. Prilozhenie № 3 k Prikazu FNS Rossii ot 30.05.07 № MM-3-06/333@ [Elektronnyy resurs]. URL: nalog.ru/rn77/taxation/reference_work/conception_vnp/ (data obrashcheniya: 16.02.2019).
12. Bol’shakova E.B., Maksimov А.G., Maksimova N.V. K voprosu o prognozirovanii sostoyatel'nosti i veroyatnosti bankrotstva predpriyatij malogo i srednego biznesa // Finansovaya analitika: problemy i resheniya. – 2016. – № 8. – S. 47–62.
13. Burov V.Yu., Pomulev А.А. Prognozirovanie bankrotstva sub”ektov malogo predprinimatel’stva // Izvestiya Irkutskoj gosudarstvennoj ekonomicheskoj akademii. – 2013. – № 10. – S. 258–262.
14. Chachina E.G., Lukashevich N.S., Garanin D.А. Issledovanie primenimosti modelej bankrotstva dlya sub»ektov malogo predprinimatel'stva // Ekonomika i predprinimatel'stvo. – 2015. – № 10–1. – S. 904–908.

 

INVESTMENTS AND BUSINESS

The development of the venture investment market in Russia
Vasilenko O.A., PhD in Economics, associate professor of HAC on specialty «Finance, Money Circulation, and Credit», Head of the «Economy & Finance» Department, the Socio-Legal Institute of Economic Safety

Annotation. Currently, the topic of development of the venture capital market in Russia is at the forefront of the investment agenda. In this article, the author conducts research and identifies trends in the development of the venture capital market in Russia over the past three years, notes the growing interest of Russian corporations in venture funds. Particular attention is paid to the growth of activity of business angels investing startups, as well as the use of new tools of venture investment.
Keywords: venture capital, venture fund, startups, «business angels», innovation, seed stage of development, expansion stage, artificial intelligence, Big Data.

References
1. Vasilenko O.A. Venchurnoe finansirovanie innovacij v Rossii na sovremennom etape // European Research. – 2018. – № 1 (35). – S. 35.
2.  Vasilenko O.A. Ekonomicheskie mekhanizmy upravleniya investicionnymi processami v promyshlennosti Respubliki Tadzhikistan: dis. ... kand. ekon. nauk // Dushanbe, 2002. – S. 22, 34.
3. Vasilenko O.A. Kurs lekcij po discipline «Finansovyj analiz»: ucheb. posobie dlya bakalavrov, napravlenie podgotovki 38.03.02 «Menedzhment». – Domodedovo, Social’no-pravovoj institut ekonomicheskoj bezopasnosti, 2016. – S. 22.

 

TAXES AND TAXATION

VAT TAX administration specifics
Grishchenko A.V., Doctor of Economics, Certified Auditor of the Ministry of Finance of Russia, Lecturer at MIRBIS, Associate Professor at the Department of Financial Management and Financial Law at Moscow State University
Sergeenkov A.A., Master of the MGUU Moscow Government

Annotation. The current time can be considered as a period of the active transformation of the taxation system in Russia. It consists of various processes, including changes in legislation, tax conditions, approaches used by the tax authorities to work with taxpayers, as well the introduction of different technological novations and other novelties into the tax authorities’ activities. At the same time, one of the most difficult questions is the tax authorities’ approach to administering the Value Added Tax. VAT is a complex system, including the mechanism of deductions, various tax rates, the tax base appearing at each acquisition of goods, works and services. In addition, the VAT’s tax revenues are one of the most important profit sources of the country’s budget. These features conduces the necessity for a special approach to the administration of VAT by the government and the tax authorities.
Keywords: Value added tax, Federal Tax Service, VAT administration, tax control, information systems.

References
1. Federal`ny`j zakon ot 03.08.2018 № 302-FZ «O vnesenii izmenenij v chasti pervuyu i vtoruyu Nalogovogo kodeksa Rossijskoj Federacii» [Elektronny`j resurs]. URL: consultant.ru/cons/cgi/online.cgi?req=doc&base=LAW&n=304083&fld=134&dst=1000000001,0&rnd=0.6843445398568393#006861547692196002 (data obrashheniya: 07.09.2018).
2. Proekt osnovny`x napravlenij byudzhetnoj, nalogovoj i tamozhenno-tarifnoj politiki na 2019 god i na planovy`j period 2020 i 2021 godov [Elektronny`j resurs]. URL: minfin.ru/ru/document/?id_4=123006 (data obrashheniya: 03.09.2018).
3. СB RF. Doklad ob otsenke vliyaniya povysheniya osnovnoy stavki NDS na inflyatsiyu [Elektronny`j resurs]. URL: cbr.ru/Content/Document/File/47495/2018_01_nds.pdf (data obrashheniya: 29.09.2018).
4. Trading Econimics [Elektronny`j resurs]. URL: tradingeconomics.com/ (data obrashheniya: 02.10.2018).

 

BOOKKEEPING AND REPORTING

Analysis trends and prospects of development of corporate reporting in Russian Federation
Bobkova M.P., leading specialist of the Student Scientific Center for Financial Research,
postgraduate student of Financial Management Department of Plekhanov Russian University of Economics

Annotation. The stages of development of corporate reporting in the Russian Federation are summarized, various approaches to the definition of corporate reporting, sources of information for its formation are analyzed. The article presents the results of the study of the industry features of corporate non-financial reports published by Russian companies. Based on the author’s research, the increasing value of information in the field of sustainable development related to the complexity of presentation, unity and relationship of financial and non-financial indicators of business will determine the increasing demand for strategic management decisions by various institutional users. As a result, the prospects for the development of corporate reporting in the Russian Federation are substantiated.
Keywords: corporate reporting, non-financial, integrated, consolidated, public reporting; international financial reporting standards.

References
1. Mihajlov A.A., SHinkarenko L.I. MSFO kak instrument povysheniya kachestva i prozrachnosti finansovoj otchetnosti // Innovacionnaya nauka. – 2015. – № 11 – S. 205–208.
2.  Alekseeva I.V., Osipova R.G. Razvitie klyuchevyh harakteristik definicii «korporativnaya otchetnost’» // Mezhdunarodnyj buhgalterskij uchet. – 2015. – № 12 (354). – S. 25–34.
3. Levicheva S.V., Pislegina N.V. Aktual’nye problemy podgotovki korporativnoj otchetnosti [Elektronnyj resurs]. URL: elibrary.ru/download/elibrary_21689813_10608041.pdf (data obrashcheniya: 12.11.2018).
4. Fomina O.B., Fomin M.V. Sovremennye tendencii razvitiya korporativnoj otchetnosti [Elektronnyj resurs]. URL: eprints.tversu.ru/3790/1/%D1%81%D1%82%D1%80._148-160_%D1%8D%D0%BA%D0%BE%D0%BD%D0%BE%D0%BC%D0%B8%D0%BA%D0%B0_%D0%B8_%D1%83%D0%BF%D1%80%D0%B0%D0%B2%D0%BB%D0%B5%D0%BD%D0%B8%D0%B5_2014.pdf (data obrashcheniya: 12.11.2018).
5. Kogdenko V.G., Mel’nik M.V. Integrirovannaya otchetnost’: voprosy formirovaniya i analiza // Mezhdunarodnyj buhgalterskij uchet. – 2014. – № 10. – S. 2–15.
6. Kogdenko V.G., Mel’nik M.V. Sovremennye tendencii v biznes-analize: issledovanie ehkosistemy kompanii, analiz informacionnoj sostavlyayushchej biznes-modeli, ocenka vozmozhnostej rosta // Regional’naya ehkonomika: teoriya i praktika. – 2018. – T. 16. – № 1 (448). – S. 38–57.
7. Kurochkina I.P., Novozhilova Yu.V. O formirovanii integrirovannoj otchetnosti s pozicii ustojchivo funkcioniruyushchego biznesa // Social’nye i gumanitarnye znaniya. – 2016. – T. 2. – № 2 (6). – S. 90–101.
8. Kazakova N.A., Fedchenko E.A., Bolvachev A.I. Razvitie uchetnyh i kontrol’no-analiticheskih funkcij sistemy finansovogo menedzhmenta v gosudarstvennom sektore // Finansovyj menedzhment. – 2018. – № 2. – S. 96–106.
9. Nacional’nyj Registr i Biblioteka korporativnyh nefinansovyh otchetov RSPP [Elektronnyj resurs]. URL: рспп.рф/simplepage/157 (data obrashcheniya: 01.02.2019).
10. Analiticheskij obzor korporativnyh nefinansovyh otchyotov: 2015–2016 gody vypuska / E.N. Feoktistova, L.V. Alenicheva, E.I. Dolgih, G.A. Kopylova, M.N. Ozeryanskaya, N.V. Honyakova. – M.: RSPP, 2017. – 136 s. [Elektronnyj resurs]. URL: media.rspp.ru/document/1/7/4/743222fc4c6650093518c635d0e8ecdd.pdf (data obrashcheniya: 12.11.2018).
11. Korporativnyj nefinansovyj otchet: podgotovka [Elektronnyj resurs]. URL: gr.ru/main/products/18 (data obrashcheniya: 12.11.2018).
12. Biznes dolzhen znat’ pravila igry [Elektronnyj resurs]. URL: rg.ru/2017/12/21/v-rspp-obsudili-povyshenie-korporativnoj-socialnoj-otvetstvennosti.html (data obrashcheniya: 12.11.2018).
13. Analiticheskij obzor GRI «Ustojchivoe razvitie i tendencii otchyotnosti v 2025: gotovimsya k budushchemu» [Elektronnyj resurs]. URL: globalreporting.org/information/Pages/Reporting-2025.aspx (data obrashcheniya: 12.11.2018).
14. Revealing the full Picture. Your guide to ESG reporting. LSEG. 2017 [Elektronnyj resurs]. URL: lseg.com/sites/default/files/content/images/Green_Finance/ESG/2018/February/LSEG_ESG_report_January_2018.pdf (data obrashcheniya: 12.11.2018).
15. Thinking Allowed. The future of corporate reporting. Meeting the information needs of corporate stakeholders. 2016 [Elektronnyj resurs]. URL: www2.deloitte.com/content/dam/Deloitte/ch/Documents/audit/ch-en-audit-thinking-allowed-future-corporate-reporting.pdf (data obrashcheniya: 12.11.2018).

Problems of control and audit of fixed assets and materials in the budgetary institutions of the city of Moscow
Lyubimtseva O.V., master of Moscow State University

Annotation. As you know, after the adoption of the new law on accounting (accounting), the relevance of internal financial control (WFC) and the audit of the activities of both commercial and state-financed organizations has increased. Of particular relevance is the introduction of the system of internal financial control and audit in budgetary institutions due to the fact that the property is under the operational management and the owner of the property complex of budgetary institutions is actually the state. Moreover, when analyzing the effectiveness of the use of fixed assets of a budgetary institution, the main emphasis is placed on non-productive fixed assets. In this case, the control should be carried out at all levels of management, the result of which should be operational, reliable information regarding the operation, storage and accounting of state property.
The purpose of my research is to analyze the main problems and features of the internal financial control and audit of fixed assets and materials in the state organizations of Moscow.
Keywords: budget institution, internal financial control, accounting, internal financial audit, fixed assets and materials, efficiency and effectiveness, evaluation, budget execution, management of fixed assets, depreciation of fixed assets, analysis, self-control, accounting, evaluation.

References
1.  Volkova M.V., Dzhaferova L.R. Vnutrenniy finansovyy kontrol' i vnutrenniy finansovyy audit osnovnykh sredstv byudzhetnykh uchrezhdeniy na vsekh urovnyakh upravleniya // Sovremennyy mir: opyt, problemy i perspektivy razvitiya – 2016. – № 2. – S. 17–23.
2. Byudzhetnyy kodeks Rossiyskoy Federatsii ot 31 iyulya 1998 g. № 145-FZ // Sobraniye Zakonodatel'stva RF // Konsul'tantPlyus [Elektronnyy resurs]. URL: consultant.ru/document/cons_doc_LAW_19702 (data obrashcheniya: 07.12.2018).
3. Federal’nyy zakon ot 06.12.2011 № 402-FZ «O bukhgalterskom uchete» (red. ot 04.11.2014 № 344-FZ) [Elektronnyy resurs]. URL: minfin.ru/ru/document/?id_4=15014 (data obrashcheniya: 07.12.2018).
4. Pis’mo Ministerstva finansov Rossiyskoy Federatsii ot 19 yanvarya 2015 g. № 02-11-05/932
«Metodicheskiye rekomendatsii po osushchestvleniyu vnutrennego finansovogo kontrolya» // Sobraniye Zakonodatel’stva RF // Konsul’tantPlyus [Elektronnyy resurs]. URL: consultant.ru/
document/cons_doc_LAW_122446 (data obrashcheniya: 07.12.2018).
5. Pravovoye regulirovaniye finansovogo kontrolya v Rossiyskoy Federatsii: problemy i perspektivy: monografiya / otv. red. Ye.Yu. Gracheva. – 2- ye izd., dop. – M.: Norma: INFRA-M, 2014. – 384 s.
6. Galimullina N.A., Gizatullina V.G., Gerasimova M.V. Napravleniya sovershenstvovaniya finansovogo kontrolya v byudzhetnykh uchrezhdeniyakh // Aktual’nyye problemy sotsial’nogo, ekonomicheskogo i informatsionnogo razvitiya sovremennogo obshchestva: materialy Vserossiyskoy nauch.-prakt. konf., posvyashchennoy 100-letiyu so dnya rozhdeniya pervogo rektora Bashkirskogo gosudarstvennogo universiteta Chanbarisova Shaykhully Khabibullovicha. – Chast’ 2 / otv. red. Zakharov V.P. – Ufa: OOO «Aeterna», 2016. – S. 209–213.

 

CONTROL BY THE FINANCE OF BANKS AND INSURANCE COMPANIES

Model of early warning of banks bankruptcy
Plotnikova E.V., Ph.D. econ Sci., associate professor of Graduate School of Industrial Economy, Peter the Great St. Petersburg Polytechnic University, St. Petersburg

Annotation. The article analyzes the development of a model for early warning of bank failures. As a result of researching the dynamics and causes of bank failures, the existing methods for predicting this event, the author identified key indicators that support to predict bank failures and justified the need to take into account the causes of bank insolvency when developing a bankruptcy early warning model. The obtained results can be used to prevent potential bankruptcy of the bank and to take into account in the process of planning its future activities.
Keywords: bankruptcy, causes, banks, bankruptcy indicators, bankruptcy forecasting model.

References
1. O nesostoyatel'nosti (bankrotstve). Federal'nyj zakon ot 26.10.2002 № 127-FZ (red. ot 23.07.2013) [Elektronnyj resurs]. URL: consultant.ru (data obrashcheniya: 15.05.2018).
2.  Tarasenko O.A. Bankrotstvo kreditnyh organizacij: osobennosti i problemy pravovogo regulirovaniya // Aktual'nye problemy rossijskogo prava. – 2016. – № 8 (69).
3. Shevchenko I.V., Chechina M.V. Bankrotstvo kreditnyh organizacij za rubezhom //Sovremennye social'no-ekonomicheskie processy: problemy, zakonomernosti, perspektivy. – 2017. – S. 46–48.
4. Ennis H.M., Malek H.S. Bank risk of failure and the too-big-to-fail policy. – 2005.
5. Bazel' III: ispytanie nadezhnosti bankovskoj sistemy Rossii v usloviyah global'noj konkurencii [Elektronnyj resurs]. URL: fundservice.ru/u/baze-2l.pdf
6. Estrella A., Park S., Peristiani S. Capital Ratios as Predictors of Bank Failure // FRBNY Economic Policy Review. – 2000. – July. – P. 17.
7. Jagtiani J.A., Kolari J.W., Lemieux C.M., Hwan Shin G. Predicting Inadequate Capitalization: Early Warning System for Bank Supervision // Emerging Issues Series, Federal Reserve Bank of Chicago, S&R. – 2000. – 10R. – P. 37.
8.  Pleshchicer M.V. Metodologicheskie aspekty prognozirovaniya bankrotstva bankov v period finansovogo krizisa // Audit i finansovyj analiz. – 2010. – № 2. – S. 161–166.
9. Oficial'nyj sajt Central'nogo Banka Rossijskoj Federacii [Elektronnyj resurs]. URL: cbr.ru/ (data obrashcheniya: 15.05.2018).

Mortgage lending: a statistical analysis of the market and the identification of trends in the conditions of economic transformation
Shalaev I.A., Candidate of Economic Sciences, Associate Professor of the Department of Economics and Economic Security of the Central Russian Institute of Management (branch of the Russian Academy of National Economy and Public Administration under the President of the Russian Federation)
Kurcheeva E.M., Master of the Central Russian Institute of Management (branch of the Russian Academy of National Economy and Public Administration under the President of the Russian Federation)
Sokolova M.A., Master of the Central Russian Institute of Management (branch of the Russian Academy of National Economy and Public Administration under the President of the Russian Federation)

Annotation. This article is devoted to conducting a statistical analysis of the market and identifying trends in mortgage lending in the context of economic transformation.
Keywords: mortgage lending, statistical analysis, commercial banks, management strategies, strategic development.

References
1. Kodeks Rossijskoj Federacii ob administrativnyh pravonarusheniyah»ot 30.12.2001 № 195-FZ (red. ot 28.11.2018) [Ehlektronnyj resurs]. URL: consultant.ru
2. Grazhdanskij kodeks Rossijskoj Federacii (chast' pervaya) ot 30.11.1994 № 51-FZ (red. Ot 03.08.2018) (s izm. i dop., vstup. v silu s 01.09.2018) [Ehlektronnyj resurs]. URL: consultant.ru
3. Ugolovnyj kodeks Rossijskoj Federacii ot 13.06.1996 № 63-FZ (red. ot 12.11.2018) [Ehlektronnyj resurs]. URL: consultant.ru
4.  Shalaev I.A. Avtomatizaciya bankovskoj deyatel'nosti. Problemy i puti ih razresheniya / I.A. Shalaev, Eh.G. Hachatryan, N.A. Grevceva // Formirovanie finansovo-ehkonomicheskih uslovij innovacionnogo razvitiya: sb. st. po itogam Mezhdunar. nauch.-prakt. konf., 2018. – S. 153–154.
5. Shalaev I.A. Vnedrenie innovacionnyh strategij kak faktor snizheniya ugroz ehkonomicheskoj bezopasnosti kommercheskih bankov / I.A. Shalaev, V.V. Matveev, D.A. Volkova, N.M. Nikolaenko // Finansovyj menedzhment. – 2018. – № 1. – S. 90–97.
6. Shalaev I.A. Ehlektronnye innovacii i ocenka ehkonomicheskoj ehffektivnosti vnedreniya novyh produktov v bankovskoj sfere / I.A. Shalaev, Eh.G. Hachatryan, N.A. Grevceva // Problema modernizacii rossijskoj ehkonomicheskoj sistemy v sankcionnyh usloviyah: sb. st. po itogam Mezhdunar. nauch.-prakt. konf., 2017. – S. 171–174.
7.  Shalaev I.A.  Analiz vliyaniya na sovremennuyu bankovskuyu sistemu izmeneniya stavki refinansirovaniya. Evropejskij opyt monetarnoj politiki / I.A. Shalaev, E.M. Kir'yanenko, Yu.S. Maslennikova // Nauchno-prakticheskie issledovaniya. – 2017. – № 2 (2). – S. 299–302.
8.  Shalaev I.A. Kompleksnyj ehkonomiko-statisticheskij analiz bankovskogo sektora Orlovskoj oblasti. Sovremennoe sostoyanie, problemy i perspektivy razvitiya / I.A. Shalaev, P.A. Podzyvalov // Sovremennyj gorod i region: vlast', upravlenie, ehkonomika: sb. nauch. tr. po mat. I Mezhdunar. nauch.- prakt. konf. – g. Nizhnij Novgorod:. Nauchno-izdatel’skij centr «Otkrytoe znanie», 2016. – S. 93–101.

Improving the turnover and structure of the financial resources of the banking sector
Abdullayev A.Y., DSc., professor of Jizzakh Polytechnic institute, Uzbekistan

Annotation. The purpose of the article: to explore the current approaches to turnover and the structure of financial resources of the banking sector, choose the priority direction of productive qualities of funds, justify the direction of improving this process and determine the effectiveness of the impact of special working regimes on banking activity. The methods of economic-statistical and economic-mathematical analysis of the results of the functioning and development of the banking sector, taking into account the existing forms and tools of banking incentives, are used. The methods of empirical analysis of sources on this topic were also used. Based on the results of the study, appropriate forward-looking recommendations and suggestions for decision makers were prepared. The author comes to the conclusion that the article summarizes the standard conditions for the reproduction of financial resources and the peculiarities of the movement of reproductive groups, taking into account quantitative and qualitative characteristics.
Keywords: recession, trend, component, aspect, turnover, location, source, deposit, core, forecast, experiment.

References
1. Abdullaev A.Ya. Prognazirovanie proccesov vosproizvodstva i structuriy bankovskix resursov v obespechenii liqvidnosti kommercheskogo banka Uzbekistana // Financovijy menejment. – 2014. – № 5. – S. 96–105.
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FINANCIAL MARKET

Transformation of financial relations in the digital economy
Borisova O.V., candidate of Economics, Associate Professor Financial University under the Government of the Russian Federation

Annotation. The work investigated the changes in the financial relations of citizens, organizations and the state under the influence of recent changes. The author investigated the financial infrastructure created by the Central Bank and the latest tax innovations. As a result, it was revealed that the ongoing transformation contributes to optimizing financial processes, minimizing the risks of participants, improves the quality of monitoring.
Keywords: digital economy, financial relationship, financial transformation.

References
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13. Nesterova D.A. Standart XBRL: perspektivy perekhoda dlya rossijskih kompanij / Jornal of Economy and Business. – 2018. – Vol. 4. – P. 186.
14. FNS v 2017 godu uvelichila nalogovye postupleniya v konsolidirovannyj byudzhet na 20% // TASS [Elektronnyy resurs]. URL: tass.ru (data obrashcheniya: 25.01.2019).

Digital currency: financial and legal aspects in the international and national markets
Chernov V.A., Dr. Econ. Sci., prof. of department of finance and credit of Institute of economy and business of Federal public autonomous educational institution of the higher education “National research N.I. Lobachevsky State University of Nizhni Novgorod” ORCID 0000-0002-7703-1660

Annotation. National problems of development of information society in the Russian Federation, creation of new hi-tech productions are connected with a set of problems, including interaction with world currencies; the growing mistrust to the state institutes – issuers of freely convertible world currencies. New information technologies of calculations a blockchain as derivative addresses of cryptocurrencies in the decentralized markets are developed.
In article the hrakteristika is given to the digital tools arising it is decentralized in the financial markets. The author considers the possibilities of interaction of the specified tools in formation of digital economy of Russia, investigates the arising risks and threats, opens ways of their overcoming by means of financial policy, suspension of financial decisions.
Keywords: digital economy, cryptocurrency, bitcoin, blockchain, decentralization, anonymity, loss of trust, threat to finance, financial policy, state protection, guarantees.

References
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4. Zagornaja T.O. Kriterii diagnostiki urovnja cifrovoj jekonomiki // Prioritetnye vektory razvitija promyshlennosti i sel’skogo hozjajstva»: materialy I Mezhdunar. nauch.-prakt. konf. (26 aprelja 2018 g.). – T.IV. – Makeevka: GOU VPO «Donbasskaja agrarnaja akademija», 2018. – S. 126–132.
5. Nurmuhametov R.K., Stepanov P.D., Novikova T.R.  Tehnolo-gija blokchejn: sushhnost’, vidy, ispol’zovanie v rossijskoj praktike // Den’gi i kredit. Diskussionnye materialy. – 2017. – № 12. – S. 101–103.
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16. Chto takoe kriptovaljuta prostymi slovami i kak ee zarabatyvajut? // [Elektronnyj resurs]. URL: fb.ru/article/348151/chto-takoe-kriptovalyuta-prostyimi-slovami-i-kak-ee-zarabatyivayut
17. Jelektronnaja cifrovaja podpis' (JeCP) – chto jeto takoe, porjadok poluchenija i registracii dlja fizicheskih i juridicheskih lic // Kak zarabatyvat'.ru [Elektronnyj resurs]. URL: kakzarabativat.ru/pravovaya-podderzhka/elektronnaya-cifrovaya-podpis/
18. Chernov V.A. Jekonomicheskaja sushhnost' tovara: protivorechija traktovok i ih razreshenie v buhgalterskom uchete, proizvodstvennoj i stroitel'noj praktike // Buhuchet v stroitel'nyh organizacijah. – 2018. – № 2. – S. 57–61.
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25. Chernov V.A. Analiz riska i optimizacija denezhnyh potokov v torgovle // Nastol'nyj auditor buhgaltera. – 1999. – № 10. – S. 13–16.
26. Ibragimova G.N., Arzamaskova Ju.B. Sovremennye ugrozy jekonomicheskoj bezopasnosti Rossii // Prioritetnye vektory razvitija promyshlennosti i sel'skogo hozjajstva»: materialy I Mezhdunar. nauch.-prakt. konf. (26 aprelja 2018 g.). – T. IV. – Makeevka: GOU VPO «Donbasskaja agrarnaja akademija», 2018. – S. 133–136.

 

ACTUAL THEME

The main problems of financing of budgetary institutions
Lisitcyna E.V., doctor of economic Sciences, Professor Plekhanov Russian University of Economics
Svezhentseva E.A., Advisor to the Office of economics and prospective development of the prefecture of the Central administrative district of Moscow

Annotation. Budget institutions take leading positions in the system of non-profit organizations.
They are established by public authorities and municipalities for the implementation of managerial, socio-cultural, scientific, technical or other functions of a non-commercial nature. Their activities are financed from the relevant budget or the budgets of state extra-budgetary funds, on the basis of the Plans of financial and economic activities approved by them annually.
Keywords: budget institution, non-profit organization, main manager of budget funds, property, planning, target finance.

References
1. Federal’nyy zakon ot 12.01.1996 № 7-FZ (red. ot 29.07.2018) «O nekommercheskikh organizatsiyakh» [Elektronnyy resurs]. URL: consultant.ru (data obrashcheniya: 27.11.2018).
2. Federal’nyy zakon ot 31.07.1998 № 145-FZ (red. ot 03.08.2018, s izm. ot 11.10.2018) «Byudzhetnyy kodeks Rossiyskoy Federatsii» [Elektronnyy resurs]. URL: consultant.ru (data obrashcheniya: 27.11.2018).
3. Sistema finansirovaniya obrazovaniya. Analiz effektivnosti / M.L. Agranovich, N.B. Ozerova, S.A. Belyakov, T.L. Klyachko. Seriya «Upravlenie. Finansy. Obrazovanie». – М.: Tekhnopechat', 2003. – S. 170.
4.  Shestemirov A.A. Problemy effektivnosti ispol'zovaniya imushchestvennogo kompleksa nekommercheskikh organizatsiy v sfere obrazovaniya (na primere goroda Moskvy) // Nekommercheskie organizatsii v Rossii. – 2018. – № 3. – S. 41–44.
5.  Shestemirov A.A.  Problemy i puti sovershenstvovaniya sistemy finansovogo planirovaniya gosudarstvennykh zakupok v obrazovatel'nykh uchrezhdeniyakh / A.A. Shestemirov // Aktual'nye voprosy ekonomiki i sovremennogo menedzhmenta: sb. nauch. tr. po itogam Mezhdunar. nauch.-prakt. konf., 2018. – S. 77–79.



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