CONCEPT OF FINANCIAL ENGINEERING PROVISION WITH ACCOUNTING AND ANALYTICS IN TERMS OF A MODERN ENTERPRISE MANAGEMENT

Abstract

Financial engineering that emerged and established itself in the world since the 80's of the twentieth century, as one of the economic mechanisms of managing a modern enterprise, is new for Ukraine. Therefore, the purpose and objectives of the article, taking into account the peculiarities of the formation of market relations in our country, are the justification of the methodical principles of accounting and analytical support of this new mechanism. The key to this is: in operational activities - control of business processes, for "centers of responsibility" and not articles of expenses, which only summarize them; in financial activity - not only financial condition at the reporting date, but also business processes of formation of certain "financial situations" - risks, reserves, liquidity, solvency, and others. The indicated methodological principles are based on integrated management objects, which are formed with the help of mechanisms and tools of financial engineering, the integral part of which are the mechanisms and tools of accounting engineering.

Thus, in accounting activities, accounting and analytical support is based on a new integrated management object for each "center of responsibility" - as a synthesis, in management accounting, planning, budgeting, regulatory accounting and analysis and control. This approach, coupled with the proposed "Report on the work of change," provides operational control over the implementation of the budget, which is exactly the requirements of financial engineering.

In financial activities, it is proposed, as a control object, to allocate a "center of financial situations" (risks, reserves, liquidity, solvency, etc.), information on which is formed on the basis of accounting of individual business processes, using such new accounting tools as mega-accounts (in their economic sense) and transformational balance sheets. This technique provides forecasting of any financial situations that arise in the process of financial activity of the enterprise.