Mechanisms and Tools of Accounting and Financial Engineering in Enterprise Management

Inna Herasymovych ()
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Inna Herasymovych: Kyiv National Economic University named after Vadym Hetman, Kyiv, Ukraine

Oblik i finansi, 2017, issue 1, 25-32

Abstract: The aim of the article is formation of methodological mechanisms and tools of financial and accounting engineering in the system of management accounting for evaluation of financial state of enterprises which constantly changes under the influence of market factors. The nature and preconditions of introduction of financial and accounting engineering is revealed. Analysis methods of formation and use of derivatives balance sheets are conducted. Model of accounting and analytical provision of financial and accounting engineering of monitoring of the financial health of an enterprise is suggested. Seven groups of aggregated accounting postings on double entry are given which act as a basis of accounting and analytical provision of financial and accounting engineering. On the example of research enterprise, the methodology of application of mechanisms and tools of financial and accounting engineering to assess financial state of a business entity is revealed. It is discovered that information, obtained based on the use of mechanisms and tools of accounting and financial engineering allows to evaluate real financial state of an enterprise, which, however, cannot be made on the basis of financial reporting in the historic estimate that does not include the variability of market conditions.

Keywords: financial activity of the enterprise; business processes; financial engineering; accounting engineering; monitoring derivative balance reports; market (fair) value; net assets; net liabilities; financial condition zones (search for similar items in EconPapers)
JEL-codes: L66 M41 (search for similar items in EconPapers)
Date: 2017
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