Categorical characteristics of wine classifications in the system of internal regulation of accounting

PURPOSE: The article aims to present and discuss the categorical characteristics of wine classifications in the system of internal accounting regulations.DESIGN/METHODOLOGY/APPROACH: Developing the wine industry in Ukraine and increasing the strictly regulated geographical location of grapes and all stages of production of controlled wines by origin require strengthening Ukrainian legislation on wine labeling requirements, classification methods, control of names quality control, and its institutional consolidation.CONCLUSIONS: The interdependence of domestic and foreign markets for raw materials and accounting regulation system affects the application of the method of accounting for business transactions, as well as the relationship between the provisions of accounting, contractual, and tax policies.PRACTICAL IMPLICATIONS: The presented internal regulation of accounting of wine production is provided by the accounting policy, which highlights the relationship of elements of the accounting method in the system of contractual and tax policies aimed at quality characteristics of wines and business results of wine companies.ORIGINALITY/VALUE: It is proven that the effectiveness of control and information accounting functions in the management system provides quality characteristics of wines and economic results for wine companies.peer-reviewe

Development of non-state pension insurance in Ukraine

The subject of the study is functioning as the private pension funds of private pension insurance and outlining the prospects of development in Ukraine. The aim is to generalize theoretical propositions operation of private pension funds, to describe their basic types and to analyze current trends and of the functioning of private pension funds as the main participants of private pension insurance, based on this outline prospects for further development of private pension insurance in Ukraine. Methodology of work. The work was based on studies of modern scientific views on the definition of the nature and development of private pensions and private pension insurance in Ukraine. The results of the work. The article deals with the problems of formation of private pension provision and operation of private pension funds. Conclusions. The main obstacles to the development of private pension insurance is insufficient state support and low level of confidence in the NPF. An important factor that impedes the development of NPF also have limitations NPF investment policy by setting a fairly narrow range of tools, which are allowed to invest pension assets. Considering the above, it is necessary to develop and carry out effective measures that would help improve the functioning of the NPF and development of private pensions in Ukraine. The primary objective should be improving control over the activities of the NPF, including the development of adequate models that will enable a realistic assessment of their level of development, their financial condition and stress (stress tests). An important task is improving the legal regulation of investment and expansion NPF instruments for investing pension assets of citizens, including their reliability, liquidity and profitability. In order to raise awareness in the private pension system in Ukraine and strengthening its confidence in the NPF should conduct ongoing outreach system. In our opinion, the state should actively promote and improve the refinery because it will deprive the solidarity system of the challenges that it faced during the years of its existence

Management of external debts of Ukraine with account of experience of different countries of the world

The subject of the study is the financial relations that arise between the state and other economic entities in the process of attracting, distributing, using and repaying the state debt of Ukraine. The purpose of the work is to identify the main problems of public debt management in Ukraine based on an analysis of its current state, as well as in the scientific substantiation of the conceptual foundations for improving the mechanism of public debt management and its maintenance in modern conditions. Methods which were used in course of research: generalization, comparative analysis method, statistical method and other methods. Methodology of work. The work is based on the research of modern scientific views on the definition of the essence of the management of the external debt of the state.Results of work The attention was paid to theoretical views of scientists on the definition of the essence of the concept of «government debt management»; Deepening the definition of the term «public debt management», which emphasizes the reduction of risks and the maintenance of debt security of the state in the course of debt management; the features of public debt management in different countries of the world are defined and the main directions of improvement of debt management of Ukraine are outlined. As a result of the study, a number of unresolved problems in the field of debt management were found. Proceeding from this, the conceptual measures on the management of the state debt of Ukraine were proposed. The prospect of further research is the search for methods of public debt management that will reduce the debt burden on the state budget and the economy of Ukraine. Application of results: Ministry of Finance of Ukraine, the Verkhovna Rada of Ukraine. Conclusions. One of the most urgent tasks for the Ukrainian Government is the search for rational strategies for managing external public debt. There are a number of unresolved problems in this area that slow down the development of the socio-economic sphere and reduce the authority of the state in the eyes of its own citizens, as well as from other countries and international organizations. In Ukraine, in order to increase the efficiency of public debt management, it is necessary to take the following measures: to improve the normative and legal and institutional provision of debt management; preserve the economic security of the state by shifting priorities towards domestic borrowing; reduce the share of short-term government debt and turn it into a long-term and eternal; increase the efficiency of the investment component of public expenditures; ensure transparency and reduce risks when providing state guarantees; to improve mechanisms of attracting, repaying and servicing of public debt in order to avoid peak payments; develop alternative non-government instruments for financing public expenditures.Consequently, the strategic task of the state debt policy should be to raise funds not only for consumer needs, but mainly for the implementation of innovation and investment development of the economy

Trends in research of responsible investment in the context of sustainable development: bibliometric analysis

Purpose. The purpose of the article is to outline trends and priorities for the study of responsible investment in the context of sustainable development and explore research institutions and publishing activities in this area. Methodology / approach. The study used bibliometric, structural, cluster and graphic analysis, as well as methods for visualizing the publishing activity of scientists on responsible investment according to the Web of Science platform and using VOSviewer software. Results. Based on a study of 1534 articles on the topic of responsible investment, in such areas of analysis as publication categories, dynamics of publications, types of organizations, authors' activity, publishing rating, countries of publication activity, citations of articles, clustering of terms and cited authors, the bibliometric field of this concept was characterized and visualized. The most cited articles which are directed on revealing of tendencies of disclosure and the subsequent monitoring of subjects of VI as bases of sustainable development of economy are investigated. The publishing activity of the authors and the most cited and relevant articles are analyzed. Four thematic clusters in the study of responsible investment (empirical, behavioral, generalizing and supporting) and the most famous institutions, involved in the study of responsible investment, were revealed. Originality / scientific novelty. The main parameters of the bibliometric field of responsible investment were characterized by means of cluster, structural and graphical analysis of the dynamics of individual indicators. For the first time, on the basis of the identified clusters, the affiliation of the research topic to the related “empirical” and “supply” cluster was determined. It was determined that the connection between clusters of responsible investment is manifested in their role as tools and at the same time strategies for the formation of new investment opportunities. Practical value / implications. The obtained results allow substantiating the key approaches to understanding responsible investment and the most priority areas of its research, to determine the sources of its scientific and methodological support on the way to sustainable development

Financial support of passenger transportation in the regional road transport system of Ukraine

The article considers the forming resource elements of financial support of passenger transportation in the regional road transport system of the state, taking into account the impact on their structure of interdependent basic parameters of financial flows of public-private partnership. A methodological approach to assessing the formative resource elements of financial support for passenger transport in the region, which is based on the concept of developing the financial potential of the road transport industry, which determines the interaction of various factors under the general financial mechanism and aims at ensuring target parameters of profitable activities is developed. The mechanism of redistribution of own and credit resources between separate objects of the regional road transport system is substantiated, as it is a vector of integration direction of movement of the financial streams arising between the road transport enterprises in the sphere of passenger transportations. Changes in the basic parameters of financial flows of road transport enterprises in the cycle of financial support of passenger traffic in the region have been formalized. The analysis of the species structure of the road transport system and the volume of passenger turnover of Ukraine is carried out. The conditions of redistribution of financial resources by the State Road Fund of Ukraine between the regions and the share of implemented public-private partnership projects in the field of road transport of the country are determined. The scenario of the optimal market value of road transport enterprises in the cycle of financial support of passenger transport of the region is offered