A Risk-Oriented Model for Controlling the Objectives of Economic Systems

Tatyana Yu. Serebryakova, Elena V. Melnik, Olga R. Kondrashova, Olga G. Gordeeva and Engel R. Fatkhullin

Chapter 31 in The Role of Entrepreneurship in Resolving Modern Global Economic Problems:A Systemic Review, 2026, pp 321-331 from World Scientific Publishing Co. Pte. Ltd.

Abstract: A risk-based approach to control and management at macro and micro levels necessitates the formalization of procedures for their assessment based on accounting and reporting data. At the macro level, it is essential to monitor the effectiveness and associated risks of managerial objectives. At the micro level – within economic complexes (systems) – the optimal informational choice is accounting (financial) reporting and management reporting prepared in accordance with accounting principles. In this context, management reporting refers to reports generated from information recorded in accounting accounts at historical cost prior to any transformations through accounting operations. By accounting operations, the authors mean transactions conducted in accounting based on calculations made by accountants or relevant departments in compliance with accounting standards. Financial (accounting) reporting cannot be used to identify and assess risks because it is distorted by entries that reflect the financial departments’ evaluative judgments about the value of assets and liabilities. The proposed methodology is built upon the study of dynamic changes in the indicators of balance sheet items and the income statement. Given the objectives of commercial entities, profit is the primary indicator of the ability to sustain operations in the future. Cash assets must accompany and align with profit in dynamic deviations. Such an assessment is easily programmable and enables management to promptly identify continuity risks based on profit and capital risks.

Keywords: Entrepreneurship; Contemporary Global Economic Problems; Socially-focused Economy; Digital Economy; Climate Economy; Innovative Entrepreneurship; Social Justice; Global Inequality; Realizing Human Potential; Quality of Life; Economic Globalization; Green Transition; Investment Transition; Developing Economies; Central Asian Economy (search for similar items in EconPapers)
JEL-codes: F63 L26 O10 O17 Q01 (search for similar items in EconPapers)
Date: 2026
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789819815913_0031 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789819815913_0031 (text/html)
Ebook Access is available upon purchase.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:wschap:9789819815913_0031

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().