Improvement of assessing methods of the cost performance of organizations` activity in the conditions of modern economic conjuncture
Abstract. The article considers in detail issues of assessing the activity of legal entities operating in the current economic period, which is characterized by commodity-money relations. It focuses on the modification of existing methods for calculating the quality indicators of its implementation in the conditions of diversification of business processes of legal entities (organizations). The purpose of the study is to form a tool consisting of appropriate techniques designed of organizations to conduct a comprehensive analysis of their activity, serving as the fundamental basis for the development of systemic measures to optimize the final indicators under study, depending on the factors that form them. The author sees such tool in the cost approach to the definition of static and dynamic indicators, that identify the result-effectiveness and expenses-effectiveness of cash flows and the resulting direct and indirect monetary effect from their changes over time integrating all the estimated parameters and, consequently, ensuring the continuity of accounting and analytical procedures, that give the integrity of conclusions and the organicity of the measures taken. Its formation is carried out through the method of differentiation and the method of logarithm, the symbiosis of which brings accurate resultant and factor cost parameters of organizations` activity and their ranking by degree of significance, affecting on the list and algorithm of management actions to exclude imputed expenses. The modified methods have been tested on the example of a large organization (corporation) whose activity cover all parametric elements, subject to formalization, and reserves of economic growth have been identified according to the calculated indicators.
Keywords: organizations, modified methods of assessing of the activity, static and dynamic indicators, cash flows, cash outflows
Highlights:
♦ the conceptual approach to the construction of modified methods for assessing the activity of organizations under the current economic mechanism is defined;
♦ the indicators for assessing the activity of organizations in the short-term (static) and long-term (dynamic) period are proposed, based on the cost approach;
♦ the analysis is carried out and the directions of improvement of indicators of activity of the concrete organization, based on the cost approach to assessing of their parameters in statics and dynamics, are recommended.
Sergey Yu. Ilyin - Financial University under the Government of the Russian Federation, Moscow, Russia