IDEAS home Printed from https://ideas.repec.org/a/ags/areint/305557.html
   My bibliography  Save this article

Engineering of business processes in accounting support of cash management

Author

Listed:
  • Zamula, Iryna
  • Prodanchuk, Mykhailo
  • Kovalchuk, Tatiana
  • Mуhalkiv, Alla
  • Simakov, Kostiantyn

Abstract

Purpose. The purpose of the study is to develop the accounting aspect of business process engineering as the main tool in management. Methodology / approach. The research uses methods of scientific abstraction, grouping and systematization to identify the current state and outline the directions of development of accounting engineering. Methods of analysis and synthesis, as well as the coefficient method for the development of the analytical component of cash management are used. Results. Engineering is an effective tool for optimizing business processes of enterprises. It should be considered as a way of implementation into a certain sphere of human activity non-specific (foreign) tools, techniques, methods, etc., aimed at solving problems that cannot be solved by the existing tools specific to this area of activity. Accounting engineering is the process of developing, designing and implementing innovative tools, methods and techniques borrowed from other sciences that are used to improve accounting as a system that provides information to the management system. It is a platform for generating the accounting information needed to make strategic management decisions. The effect of accounting engineering is analyzed on the example of cash management, as current trends are focusing more and more on cash flow as the main object of financial management of the enterprise. A cash management mechanism based on accounting engineering is proposed, which includes the following stages: cash flow planning and forecasting, adherence to the schedule of receipts and payments within budget limits, evaluation of cash management efficiency. Originality / scientific novelty. It is proved that the need for engineering for accounting science and practice is necessitated by the need to form special ways to solve problems that have remained unresolved for accounting for a long time and could not be solved due to limited methodological approaches, methods and techniques. The influence of accounting engineering on the efficiency of the management system on the example of cash management is outlined. Practical value / implications. The application of business process engineering in cash flow management of the enterprise by assessing the value of the integrated indicator of cash flow management has identified a number of cash flow management problems, their causes, consequences (risks) for the company and provide suggestions to minimize identified risks.

Suggested Citation

  • Zamula, Iryna & Prodanchuk, Mykhailo & Kovalchuk, Tatiana & Mуhalkiv, Alla & Simakov, Kostiantyn, 2020. "Engineering of business processes in accounting support of cash management," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 6(3), September.
    • Handle: RePEc:ags:areint:305557
    DOI: 10.22004/ag.econ.305557
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/305557/files/8_Zamula_article.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.305557?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Olha Kravchenko & Anatolii Kucher & Maria Hełdak & Lesia Kucher & Joanna Wysmułek, 2020. "Socio-Economic Transformations in Ukraine towards the Sustainable Development of Agriculture," Sustainability, MDPI, vol. 12(13), pages 1-16, July.
    2. Iryna Zamula & Maryna Tanasiieva & Vitalii Travin & Vitalii Nitsenko & Tomas Balezentis & Dalia Streimikiene, 2020. "Assessment of the Profitability of Environmental Activities in Forestry," Sustainability, MDPI, vol. 12(7), pages 1-15, April.
    3. Kateryna Andriushchenko & Andrii Buriachenko & Olexandr Rozhko & Oksana Lavruk & Pavel Skok & Yaroslava Hlushchenko & Yelyzaveta Muzychka & Nataliia Slavina & Olena Buchynska & Viktoriia Kondarevych, 2020. "Peculiarities of sustainable development of enterprises in the context of digital transformation," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(3), pages 2255-2270, March.
    4. Roman Ostapenko & Yuliia Herasymenko & Vitalii Nitsenko & Svitlana Koliadenko & Tomas Balezentis & Dalia Streimikiene, 2020. "Analysis of Production and Sales of Organic Products in Ukrainian Agricultural Enterprises," Sustainability, MDPI, vol. 12(8), pages 1-15, April.
    5. Editorial Article, 0. "Abstracts," Economics of Contemporary Russia, Regional Public Organization for Assistance to the Development of Institutions of the Department of Economics of the Russian Academy of Sciences, issue 3.
    6. Atul Gupta & Dan C. Messerschmidt & S. Kanthi Herath, 2006. "Business process reengineering and the management accountant," International Journal of Management and Enterprise Development, Inderscience Enterprises Ltd, vol. 3(1/2), pages 98-113.
    7. Olga Pilipczuk, 2020. "Toward Cognitive Management Accounting," Sustainability, MDPI, vol. 12(12), pages 1-22, June.
    8. Oleg Bazaluk & Olha Yatsenko & Oleksandr Zakharchuk & Anna Ovcharenko & Olga Khrystenko & Vitalii Nitsenko, 2020. "Dynamic Development of the Global Organic Food Market and Opportunities for Ukraine," Sustainability, MDPI, vol. 12(17), pages 1-20, August.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Koliadenko, Svitlana & Andreichenko, Andrii & Galperina, Liubov & Minenko, Sofiia & Kovylina, Maria, 2020. "Analysis and forecasting of Ukrainian agrarian exports to the EU countries," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 6(3), September.
    2. Furdychko, Orest & Drebot, Oksana & Palianychko, Nina & Dankevych, Stepan & Okabe, Yoshihiko, 2021. "Ecological and economic reporting as an indicator of the state of forestry land use," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 7(2), June.
    3. Guandalini, Ilaria, 2022. "Sustainability through digital transformation: A systematic literature review for research guidance," Journal of Business Research, Elsevier, vol. 148(C), pages 456-471.
    4. Pan, Xiongfeng & Wang, Yuqing & Zhang, Chengming & Shen, Zhiyang & Song, Malin, 2023. "The impact of platform economy on enterprise value mediated by technological innovation," Journal of Business Research, Elsevier, vol. 165(C).
    5. World Bank, 2014. "Brazil Land Governance Assessment," World Bank Publications - Reports 22679, The World Bank Group.
    6. Margarita Ignatyeva & Vera Yurak & Alexey Dushin, 2022. "Valuating Natural Resources and Ecosystem Services: Systematic Review of Methods in Use," Sustainability, MDPI, vol. 14(3), pages 1-17, February.
    7. Akila Wijerathna-Yapa & Ranjith Pathirana, 2022. "Sustainable Agro-Food Systems for Addressing Climate Change and Food Security," Agriculture, MDPI, vol. 12(10), pages 1-26, September.
    8. Shaoliang Xie, 2020. "Multidimensional analysis of Master thesis abstracts: a diachronic perspective," Scientometrics, Springer;Akadémiai Kiadó, vol. 123(2), pages 861-881, May.
    9. Maria José Sá & Sandro Serpa, 2020. "The COVID-19 Pandemic as an Opportunity to Foster the Sustainable Development of Teaching in Higher Education," Sustainability, MDPI, vol. 12(20), pages 1-16, October.
    10. Evelyn Eika, 2021. "Is Peer Feedback Helpful When Learning Literature Review Writing? A Study of Feedback Features and Quantity," English Linguistics Research, Sciedu Press, vol. 10(1), pages 10-28, March.
    11. Nataliia Patyka & Olena Gryschenko & Anatolii Kucher & Maria Hełdak & Beata Raszka, 2021. "Assessment of the Degree of Factors Impact on Employment in Ukraine’s Agriculture," Sustainability, MDPI, vol. 13(2), pages 1-19, January.
    12. Kai Li & Jason Rollins & Erjia Yan, 2018. "Web of Science use in published research and review papers 1997–2017: a selective, dynamic, cross-domain, content-based analysis," Scientometrics, Springer;Akadémiai Kiadó, vol. 115(1), pages 1-20, April.
    13. Nuran Bayram & Atilla Dogan & Ismail Aydogan & Nazan Bilgel, 2014. "Anger Expression, Depression, Anxiety and Stress among Turkish Students Living in Turkey and Germany," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 4(3), pages 1-18, March.
    14. Frederique Bordignon, 2021. "A scientometric review of permafrost research based on textual analysis (1948–2020)," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(1), pages 417-436, January.
    15. Aniqa Rashid & Muhammad Asim Mahmood & Sajid Ahmad, 2017. "Linguistic Variation across Research Sections: A Multidimensional Analysis of Pakistani Academic Journal Articles," Global Language Review, Humanity Only, vol. 2(1), pages 15-37, June.
    16. Skrynkovskyy, Ruslan & Pavlenchyk, Nataliia & Tsyuh, Svyatoslav & Zanevskyy, Ihor & Pavlenchyk, Anatoliі, 2022. "Economic-mathematical model of enterprise profit maximization in the system of sustainable development values," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 8(4), December.
    17. Gorden Muduma & Rhodri Saunders & Isaac Odeyemi & Richard F Pollock, 2016. "Systematic Review and Meta-Analysis of Tacrolimus versus Ciclosporin as Primary Immunosuppression After Liver Transplant," PLOS ONE, Public Library of Science, vol. 11(11), pages 1-16, November.
    18. Shaojie Zhang & Hui Yu & Lawrence Jun Zhang, 2021. "Understanding the Sustainable Growth of EFL Students’ Writing Skills: Differences between Novice and Expert Writers in Their Use of Lexical Bundles in Academic Writing," Sustainability, MDPI, vol. 13(10), pages 1-17, May.
    19. Donna L Hoffman & Thomas P Novak & Eileen FischerEditor & Robert KozinetsAssociate Editor, 2018. "Consumer and Object Experience in the Internet of Things: An Assemblage Theory Approach," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 44(6), pages 1178-1204.
    20. Ming-yueh Tsay & Yu-wei Tseng & Tai-luan Wu, 2019. "Comprehensiveness and uniqueness of commercial databases and open access systems," Scientometrics, Springer;Akadémiai Kiadó, vol. 121(3), pages 1323-1338, December.

    More about this item

    Keywords

    Agribusiness;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:areint:305557. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: http://are-journal.com/are .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.