CORPORATE  FINANCE

The examining of counterpart’s integrity and risk evaluation of cooperation with them
Barchukov A.V., Doctor of economic sciences, professor of Finance and Accounting department Far Eastern State Transport University (Khabarovsk)

Annotation. The proposed methodology for checking counterparties for reliability and identifying the risk of cooperation with them will allow, without resorting to complex calculations based on the information obtained in the analysis of the selected assessment indicators, as well as additional publicly available data, to check the partners of the company on the developed scale, taking into account the priority of the evaluation criterion. In the future, using the developed methodology, an enterprise may be selective in terms of interacting with business partners, since not all of them are reliable and responsible, and when choosing a counterparty, you should pay attention to a number of indicators for assessing the financial condition of the counterparty and make appropriate decisions.
Keywords:  counterparties, signs of dishonesty, risks of cooperation, information base, system of indicators, scale of assessment criteria, aggregated risk.

References
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2. Skobelev V.V. Ekonomicheskaya bezopasnost organizatsii: ekspertnyy vzglyad na klassifikatsiyu riskov sotrudnichestva s kontragentami // Natsional’naya bezopasnost’ i strategicheskoye planirovaniye. – 2016. – № 2–1 (14). – S. 131–133.
3. Stanislavchik Y.N. Monitoring finansovogo ravnovesiya kak sostavlyayushchaya eko-nomicheskoy bezopasnosti // Finansovyy menedzhment. – 2016. – № 4. – S. 14–19.
4. Kukin D.V., Rayevskaya O.G. Proverka kontragentov v kontekste obespecheniya ekono-micheskoy bezopasnosti predpriyatiya // Finansovaya ekonomika: aktualnyye voprosy razvitiya: materialy Mezhdunar. stud. nauch. konf. – Khabarovsk, 2018. – S. 122–125.
5. Bessmertnyy M.V., Khatskevich Y.M. Metodika otsenki kreditnogo riska kontragentov // Vestnik NGUEU. – 2015. – № 1. – S. 219–229.
6.  Pisarchik Y.Y., Lyakisheva T.N., Gordovskiy D.E. Razrabotka metodologii skoringa ekonomicheskikh kontragentov s uchetom makroekonomicheskikh faktorov i finansovykh pokazateley na primere predpriyatiy otrasli «proizvodstvo stalnykh trub» v Rossii // Vestnik akademii. – 2018. – № 3. – S. 99–106.
7. Pisareva N.K. Razrabotka sistemy vybora postavshchika // Ekonomika i upravleniye: problemy, tendentsii, perspektivy razvitiya: materialy VI Mezhdunar. nauch.-prakt. konf. – Cheboksary, 2017. – S. 200–213.
8.  Kazakova N.A.  Problemy obespecheniya ekonomicheskoy bezopasnosti deyatelnosti khozyaystvuyushchikh subyektov v usloviyakh vysokoriskovoy rynochnoy ekonomiki // Fundamental’nyye issledovaniya. – 2016. – № 12 (ch. 3). – S. 634–639.
9. Korol A.N. Rynochnyye kommunikatsii s postavshchikami kak usloviye provedeniya us-peshnykh konkurentnykh zakupok // Sibirskaya finansovaya shkola. – 2008. – № 6. – S. 109–111.

Theoretical and methodical aspects of managing financial competitiveness of small industrial enterprises
Filobokova L.Yu., Doctor of Economics, Professor of innovative entrepreneurship BMSTU
Spasskaya N.A., post-graduate master’s student of the Department of innovative entrepreneurship BMSTU

Annotation. According to The Global Competitiveness Report 2019, the Russian Federation is at 43rd place, maintaining its position for three years. Revolutionary changes have not been achieved and weak positions are caused by the problems of financial support for small and medium-sized enterprises.At the same time, small industrial enterprises with the Forecast of the Long-Term Socio-Economic Development of the Russian Federation for the period until 2030 are entrusted with the task of ensuring a high level of competitiveness in the world market by changing the qualitative and quantitative parameters of their development. Financial support, financial competitiveness of small industrial enterprises are of particular importance and need the development of theory and methodological support. The presented article gives an author’s interpretation of the definition of “financial competitiveness”, were justified factors that determine it for small industrial enterprises, were justified formalized methodological approaches to its calculations and measurements, and the identification of the type of financial stability.
Keywords: financial competitiveness; small industrial enterprises, management theory, methodological approaches to assessment and management.

References
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2. Prognoz dolgosrochnogo social’no-jeconomicheskogo razvitiya Rossiiskoi Federacii na period do 2030 goda [Elektronnyy resurs]. URL: static.government.ru/media/files/41d457592e04b76338b7.pdf (data obrashcheniya: 22.02.2020).
3. The Global Competitiveness Report 2019 [Elektronnyy resurs]. URL: www3.weforum.org/docs/WEF_TheGlobalCompetitivenessReport2019.pdf (data obrashcheniya: 13.02.2020).
4. Galickih V.N. Formirovanie i ispol’zovanie finansovih resursov kak factor jeconomicheskogo rosta predpriyatiya / V.N. Galickih // Aktual’nie voprosi jeconomicheskih nauk. – 2019. – № 44. – S. 94–98.
5.  Lurie V., Melikhov E.I. Mezzaninoe financirovanie: mezhdunarodnyy opit I rossiiskaya praktika [Elektronnyy resurs]. URL: terraexterna.ru/content/mezoninnoe-finansirovanie-mezhdunarodnyy-opyt-i-rossiyskaya-praktika.html (data obrashcheniya: 23.02.2020).
6. Van Horn J.K., Wachovich J.M. Osnovi finansovogo menedzhementa. – 2-e izd.: per. s angl. – M.: ID «Wil’yams», 2008. – 1232 s.
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8. Kovalev V.V. Vvedenie v finansovyy menedzhment. – M.: Financi i statistika, 2019. –768 s.
9. Blank I.A. Upravlenie finansovimi resursami. – M.: Omega-L, 2019. – 768 s.
10. Glazyev S. Strategiya operezhaushego razvitiya Rossii v usloviyah global’nogo jeconomicheskogo krizisa. – SPb.: SPbGUP, 2011. – 48 s.
11.  Porter M. Competitive Advantages. Konkurentnie preimushestva. Kak dostich’ visokogo resul’tata i obespechit’ ustoichivost’. – M .: Alpina Publisher, 2018 . – 435 s.

The use of accounting and calculation model «Absorption costing» in order to form the information base of management decision-making
Mizikovsky I.E., Doctor of Economics, professor, head of «Accounting» of National research Nizhny Novgorod State University NI Lobachevsky

Annotation. The article deals with the problems of flexible calculation of the cost of production of enterprises of manufacturing industries in order to inform decision-making on optimization of management of production costs. Theoretical and methodological approaches to structuring the cost of production are investigated, ways of their effective application in accounting practices are analyzed. The possibility of attributing the main costs and costs for the development of new industries and technologies to the cost of production on the basis of the accounting and calculation model «absorption costing»; the nomenclature of articles of calculation of production of the industrial enterprise corresponding to this model and model «direct costing» is presented. It is proved that the application of the proposed methods and methods of structuring production costs meets the criteria and parameters of information requests of decision-makers to ensure the efficiency of production costs and reduce production losses.
Keywords:  costs, losses, accounting and calculation models, absorption with costing, reduced cost, full cost, management accounting, information needs, decision-making.

References
1. Babaev Yu.A., Makarova L.G. Uchet zatrat na proizvodstvo i kal`kulirovanie sebestoimosti produkcii (rabot, uslug): ucheb.-prakt. posobie / pod red. Yu.A. Babaeva. – M.: Vuzovskij uchebnik, 2011. – 190 s.
2. Kostyukova E.I. Organizacionno-metodicheskoe obespechenie upravlencheskogo ucheta zatrat i kal`kulirovaniya sebestoimosti produkcii v ry`bovodcheskih organizaciyah: monografiya / E.I. Kostyukova, R.I. Galilova. – Stavropol`: AGRUS, 2013. – 156 s. – ISBN 978-5-9596-0972-6 [E`lektronny`j resurs]. URL: znanium.com/catalog/product/514354) (data obrashcheniya: 02.12.2019).
3. Garifullin K.M., Mussalyamova M.F. Teoreticheskie osnovy` ucheta sebestoimosti produkcii // Social`no-e`konomicheskie yavleniya i processy`. – 2013. – № 1 (047).
4. Polozhenie po buhgalterskomu uchetu «Rashody` organizacii» (PBU 10/99) [E`lektronny`j resurs]. URL: consultant.ru/document/cons_doc_LAW_12508/0463b359311dddb34a4b799a3a5c57ed0e8098ec/ (data obrashheniya: 28.11.2019).
5. Kas`yanova G.Yu. Sebestoimost` produkcii, rabot, uslug: buhgalterskaya i nalogovaya. – 3-e izd., pererab. i dop. / G.Yu. Kas`yanova. – M.: ABAK, 2018. – 424 s.
6. Behtereva E.V. Sebestoimost`: racional`ny`j i e`ffektivny`j uchyot rashodov, 5-e izd., pererab. – M.: Izd-vo «Omega-L», 2011. – 148 s. [Ser. «Prakticheskaya buhgalteriya»].
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8. Mizikovskij I.E., Bazhenov A.A. Buhgalterskij upravlencheskij uchet v unitarny`h predpriyatiyah: uchebnoe posobie. – N. Novgorod: Izd-vo «Nacional`ny`j issledovatel`skij Nizhegorodskij gosudarstvenny`j universitet im. N.I. Lobachevskogo», 2017. – 114 s.
9. Vahrushina M.A., Rasskazova-Nikolaeva S.A., Sidorova M.I. Upravlencheskij uchet-1. Uchebnoe posobie po programme podgotovki i attestacii professional`ny`h buhgalterov. Bazovy`j kurs. – M.: Izd. dom BINFA, 2011. – 173 s.
10.  Nikolaeva O.E., Shishkova T.V. Upravlencheskij uchet: oficial`naya terminologiya CIMA. Slovar` terminov / per. s angl. O.E. Nikolaevoj, T.V. Shishkovoj. – M.: ID FBK-PRESS, 2004. – 200 s.
11. Nosova I.L. Sravnitel`ny`j analiz metodov Direct Costing i Absorption Costing dlya prinyatiya upravlencheskih reshenij // E`konomicheskij analiz: teoriya i praktika. – 2012. – № 29 (284). – S. 17–24.
12. Zvyagincev V.V. Metody` kal`kulirovaniya zatrat: abzorpshen-kosting i direkt-kosting // Planovo-e`konomicheskij otdel. – 2013. – № 13. – S. 35–41.

Expanding the scope of financial management of an enterprise: a methodological aspect
Morozov V.A., Doctor of Economics, Professor, Professor Department of Philosophy and Methodology of Economics Faculty of Economics, Moscow State University named after M.V. Lomonosov

Annotation. The article deals with the theory and practice of corporate financial management, the directions and main prospects of interdisciplinary integration of corporate financial management. The analysis of how the company’s financial management should adapt to the requirements of economic development and reform is carried out. The issues of innovation and change management were studied. Areas, content and methods of expanding the theory of financial management of an enterprise through the prism of macro and microeconomics, management and accounting are disclosed. Ways of expanding the scope and content of financial management of an enterprise, improving methods of financial management, including the use of accounting information systems, are considered and proposed.
Keywords: corporate governance, Finance, expansion, innovation, Economics, accounting, management.

References
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10. Herris Dzh. Menvill. Mezhdunarodnye finansy. – M.: Filin”, 2017. – 294 s.

Method of forecasting of goods market price versus identical products based on theories of expert systems
Bukharin S.V., D. T. Sc., Professor, Department of Economic Security and Financial Monitoring, Voronezh State University of Engineering Technology, Voronezh, Russian Federation

Annotation. A method of prediction the market price based on comparison with identical goods is proposed. The methodology is based on the distribution of the properties of the object of expertise into quantitative signs, qualitative signs and signs of availability. For each of the goods to be compared, an integral quality indicator is defined as a rating number, the weighting factors of which are determined by the modern method of hierarchy analysis.
Statistical relationship of obtained values of integral indicator with corresponding values of market price is determined by methods of correlation analysis by group of identical goods. The possibility of adjusting the market price of goods on the basis of calculations of this indicator is investigated. A procedure has been developed to predict the market price of a new product based on the data of an integral indicator for a group of known products and by building a market price trend.
Keywords: market price, identical goods, expert systems, correlation analysis, forecasting.

References
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2.  Sultanov R.O., Elantsev M.O., Chernyishev K.S.  [i dr.]. Avtomatizatsiya monitoringa tsen na identichnyie tovaryi v internet-magazinah // Privolzhskiy nauchnyiy vestnik. – 2016. – № 7 (59). – S. 57–60.
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4. Mokrov G.G. Sravnitelnyie metodyi opredeleniya tamozhennoy stoimosti: otsenka po tsene sdelki s identichnyim tovarom i otsenka po tsene sdelki s odnorodnyim tovarom (metod 2 i metod 3) // Aktualnyie voprosyi obrazovaniya i nauki. – 2018. – № 4 (66). – S. 69–83.
5. Vityuk V.V. Kolichestvennyie harakteristiki importirovannyih tovarov kak uslovie opredeleniya ih tamozhennoy stoimosti // Tamozhennaya politika Rossii na Dalnem Vostoke. – 2019. – № 2 (87). – S. 6–18.
6. Gribovskiy S.V. Sposobyi otsenki diapazona ryinochnoy stoimosti kak naibolee veroyatnoy tsenyi sdelki // Izvestiya S.-Peterb. un-ta ekon. i fin. – 2012. – № 4 (76). – S. 27–30.
7.  Gribovskiy S.V.  Diapazon ryinochnoy stoimosti kak naibolee veroyatnoy tsenyi sdelki: neobhodimost i vozmozhnyie sposobyi ego // Imuschestvennyie otnosheniya v Rossiyskoy Federatsii. – 2012. – № 10 (133). – S. 56–59.
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INVESTMENTS AND BUSINESS

The algorithm of selection of the production assets for the implementation of economically feasible energy saving potential
Boldyrev K.V., applicant for the degree of candidate of economic sciences. Federal state budgetary educational institution of higher education National research university MPEI

Annotation. Question of the realization of the saving energy potential at thermal power plants in Russia have considered in this article. Saving energy potential of gas thermal power plants have presented in this article. Developed technique of the generating equipment choice have explained. Author of the article have considered existing methods and suggested author method of the production assets choice.
Keywords: production asset, economy of the energy, thermal power plant, choice algorithm of the production assets.

References
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Analysis of efficiency of investments in 5G technology
Savostyanov D.A., undergraduate MP “Business Analytics” of the Department of Accounting, Analysis and Audit Federal State-Funded Educational Institution of Higher Education «Financial University under the Government of the Russian Federation», Moscow
Nikiforova N.A., Professor, Phd. (Economics), Associate professor of the Department of Accounting, Analysis and Audit Federal State-Funded Educational Institution of Higher Education «Financial University under the Government of the Russian Federation», Moscow

Annotation. The purpose of the article is to analyze the current situation, effectiveness, shortcomings, and prospects of the future technology in telecommunications – 5G. The article uses the results of an analytical study by Kagan (a research group within S&P Global Market Intelligence) among 56 mobile operator executives. The authors show the dynamics of global revenue of small cellular units. The dynamics and prospects of total revenue from indoor and outdoor small cellular units in 2021, 2022, 2023 and 2024. The authors substantiate the conclusion that in the light of global technological development, automation and digitalization, 5G will have a revolutionary impact on the field of telecommunications, not only as a promising technology, but also as a financial basis for other developments and innovative solutions.
Keywords: prospective analysis, efficiency analysis, 5G technology, analytical research.

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Financial and institutional aspects of economic security for the sustainable development of green business segments
Kozhevina O.V., Dr. econ. Sci, Professor, Bauman Moscow State Technical University (National Research University)

This article was prepared with the financial support of the RFBR Grant 20-010-00182.

Annotation. Sustainability research is increasingly focused on the interdisciplinary aspects. Understanding the causes of instability at the system level, in terms of ensuring economic security, it is necessary to begin with an assessment of its basic components. Russia is integrated into the global economic space, and many of the challenges of our time, including sustainable development, balanced development of territories, innovative and environmental entrepreneurship, must be responded with by adequate financial, economic and institutional-infrastructure decisions. More than 150 countries of the world have developed national strategies for sustainable development, and this is crucial for achieving economic security and achieving its key indicators. This article discusses the financial and institutional issues of ensuring economic security through the transition to sustainable entrepreneurship. One of the significant areas of sustainable development is the green economy.
The development of entrepreneurial segments of the green economy, their formats and business models will allow the territories to form significant competitive advantages. The article identifies the main challenges of the green economy, identifies potential risks, and also formulates the conditions under which the development of green entrepreneurship is most effective. The international best practices and the Russian practice of introducing institutional instruments for sustainable development are summarized, on the basis of which the directions of integration of the business community, civil society and government institutions to achieve the SDGs are proposed, and sustainable development indicators are substantiated from the standpoint of ensuring economic security and the development of green entrepreneurship.
Keywords: economic security, sustainable development, green economy, entrepreneurship, factors, challenges of the green economy, indicators of sustainable development, financial goals of sustainable development.

Reference
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CONTROL BY THE FINANCE OF BANKS AND INSURANCE COMPANIES

Reorganization of credit organizations (theoretical aspect)
Garipova Z.L., doctor of Economics, Professor, teacher of the Department of IBM 5 (Finance), Bauman Moscow State Technical University
Ambrosenkova A.S., 2nd year master’s student, IBM 5 departments (Finance), Bauman Moscow State Technical University

Annotation. This article is devoted to the study of mergers and acquisitions in the banking sector. Various opinions of experts on the definition of the terms mergers and acquisitions are considered, and types are defined taking into account different classifications. The motives and goals of business reorganization transactions are studied in detail, taking into account the specifics in Russia. The main laws and regulations that must be followed when conducting transactions are specified, as well as the tasks of regulatory bodies are defined, and various ways of evaluating their effectiveness are considered.
Keywords: mergers, acquisitions, banking, synergistic effect, business reorganization, valuation.

References
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FINANCIAL MARKET

Proportional regulation and risk-oriented supervision of the financial market: theory and practice
Tsakaev A.Kh., Doctor of Economics, Professor, member of the Russian Academy of Natural Sciences, Professor of the Department of Finance and Credit of the Chechen State University, Professor of the Department of Economics and Finance of the Russian Presidential Academy of National Economy and Public Administration, SPIN-code: 5478-3484, AuthorID: 775395

Annotation. The vectors of proportional regulation and risk-oriented supervision of the financial market are considered. It is shown that the dominance of the centralization or decentralization vector is largely determined, firstly, by the prevalence of the applied method of managing the financial and economic system of the state (the method of “manual mode” of management or the method of “management in automatic mode”), and secondly, by the type of state devices in the country (unitary, federal, confederal). In modern Russia, it implements the Concept of centralization of regulation and risk-based supervision of the activities of financial organizations in the context of the formation of civil society institutions. This Concept, proposed by the Russian mega-regulator (Bank of Russia), according to our research, is aimed at implementing a mechanism for further centralization of regulation and concentration of the financial market in Russia.
Keywords: proportional regulation, risk-based supervision, management theory, type of government, centralization, concentration, capital.

References
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