BALANCING OF FINANCE FOR PRODUCTION PURPOSES

Authors

  • Alexey F Chernenko South Ural State University (Chelyabinsk); Ural State University of Economics (Ekaterinburg)
  • Yulia V Borovkova Chelyabinsk branch of the Russian Academy of National Economy and State Service under the President of the Russian Federation, Chelyabinsk

Keywords:

finance for production purposes, production capabilities, finance balance, potential, output, assessment, resource, dynamics, coefficient, change in fixed assets value.

Abstract

The paper is focused on the interconnection between finance for production purposes and production capacities of an enterprise.  The authors use an approach which is based on the balance of resources involved in production processes. The conducted analysis of the content of publications on formation and assessment of production finances has revealed that in economics there is no uniform understanding of production finance (resources) and notions substituting it. However, this term is widely used in business economics. Many economists considering the assessment and analysis of finance for production purposes don’t give a definition of this resource, which would reflect the methodology of its evaluation. The authors suggest an original method for evaluation of the production capacity of an enterprise with the help of a ratio, which gives an opportunity to assess the company’s production capacity in the dynamics. The paper specifies the interconnection between elements of finance for production purposes, ensuring the achievement of an economic value of output.  The results can be applied when planning the resources for manufacturing processes in terms of optimization of economic resources.

Author Biographies

Alexey F Chernenko, South Ural State University (Chelyabinsk); Ural State University of Economics (Ekaterinburg)

Doctor of Sciences (Economics), professor at the Department of Accounting, Analysis and Auditing; professor at the Department of Accounting and Audit

Yulia V Borovkova, Chelyabinsk branch of the Russian Academy of National Economy and State Service under the President of the Russian Federation, Chelyabinsk

Candidate of Sciences (Economics), associate professor, Department of Economics, Finance and Accounting

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Published

2019-02-01

Issue

Vol. 11 No. 1 (2017)

Section

Economics and finance