+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Financial Analytics: Science and Experience
 

Issues of arranging the system financial control in State-owned transportation corporations

Vol. 8, Iss. 25, JULY 2015

PDF  Article PDF Version

Received: 18 May 2015

Accepted: 25 May 2015

Available online: 19 July 2015

Subject Heading: ECONOMIC AND STATISTICAL RESEARCH

JEL Classification: 

Pages: 45-54

Zhukov V.N. Plekhanov Russian University of Economics, Moscow, Russian Federation
vn-zhukov@mail.ru

Importance The article focuses on organizational issues of setting up internal financial control in the Russian State-owned corporations operating in the transportation sector, i.e. pointing out the formats of internal financial control and specifying professional competencies of regulators. These issues are relevant to corporate and public financial control.
     Objectives The research aims at substantiating the priorities of the system control for managing State-owned transportation corporations' finance; determining the composition of formats of internal system financial control; specifying objectives and tasks met during organization of checks, internal financial audit, financial monitoring; analyzing the performance of organizing and working functions of internal financial control; specifying professional competences of controllers.
     Methods The research draws upon a combination of the methods of dialectics, systems analysis, and synthesis.
     Results The article presents the results of the research into organizational issues of system financial control in six State-owned corporations operating in the transportation sector of Russia. I determine the scope of checks, internal financial audits and financial monitoring, and formulate professional competencies of controlling authorities.
     Conclusions and Relevance Solving the objectives will dramatically change the process of internal financial control in State-owned financial corporations, thereby ensuring a comprehensive interaction of all components of corporate governance and financial management.

Keywords: State-owned corporation, transportation sector, corporate finance, internal financial control, controlling authority

References:

  1. Brigham E., Gapenski L. Finansovyi menedzhment. Polnyi kurs [Financial Management: Theory and Practice]. St. Petersburg, Ekonomicheskaya shkola Publ., 1997, vol. 1, 497 p.
  2. Brovkina N.D. Osnovy finansovogo kontrolya [Fundamentals of financial control]. Moscow, Magistr Publ., 2011, 384 p.
  3. Bulyga R.P., Mel'nik M.V. Audit biznesa. Praktika i problemy razvitiya [Audit of business. Practice and development issues]. Moscow, YUNITI-DANA Publ., 2013, 264 p.
  4. Kevorkova Zh.A. et al. Vnutrennii audit [Internal audit]. Moscow, YUNITI-DANA Publ., 2013, 320 p.
  5. Zhmin'ko S.I. et al. Vnutrennii audit [Internal audit]. Rostov-on-Don, Feniks Publ., 2008, 320 p.
  6. Gritans Ya.M. Sistema vnutrennego kontrolya [The system of internal control]. Moscow, Berlin, Infotropik Media Publ., 2011, 304 p.
  7. Dement'eva A.G. Osnovy korporativnogo upravleniya [Fundamentals of corporate governance]. Moscow, Magistr Publ., 2009, 576 p.
  8. Zhukov V.N. Novaya sistemnaya paradigma i sistemnyi analiz kak dual'naya osnova razvitiya metodologii vnutrennego finansovogo kontrolya [A new system paradigm and system analysis as a dual basis of developing the methodology of internal financial control]. Finansovaya analitika: problemy i resheniya = Financial Analytics: Science and Experience, 2014, no. 45, pp. 35–45.
  9. Il'in V.V., Zhukov V.N. Integratsionnaya kontseptsiya vnutrennego sistemnogo kontrolya za korporativnymi finansami [The integration concept of internal systems for monitoring corporate finance]. Finansovaya analitika: problemy i resheniya = Financial Analytics: Science and Experience, 2015, no. 8, pp. 2–12.
  10. Kleiner G.B. Sistemnoe upravlenie v transformiruyushcheisya ekonomike [System management in a transforming economy]. Effektivnoe antikrizisnoe upravlenie = Effective Crisis Management, 2014, no. 5, pp. 54–58.
  11. Kogdenko V.G. Razvitie kontseptsii vnutrennego kontrolya [Developing the concept of internal control]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2013, no. 15, pp. 41–51.
  12. Velichko L.A. et al. Korporativnye finansy [Corporate finance]. St. Petersburg, Piter Publ., 2013, 592 p.
  13. Pugachev V.V. Vnutrennii audit i kontrol' [Internal audit and control]. Moscow, Delo i servis Publ., 2010, 224 p.
  14. Rodionova V.M., Shleinikov V.I. Finansovyi kontrol' [Financial control]. Moscow, FBK-Press Publ., 2002, 320 p.
  15. Serebryakova T.Yu. Teoriya i metodologiya skvoznogo vnutrennego kontrolya [Theory and methodology of walk-through internal controls]. Moscow, INFRA-M Publ., 2012, 328 p.
  16. Snegireva L.I. Vnutrennii kontrol' [Internal control]. Bukhgalterskii uchet = Accounting, 2014, no. 4, pp. 79–84.
  17. Sotnikova L.V. Vnutrennii kontrol' i audit [Internal control and audit]. Moscow, Finstatinform Publ., 2001, 244 p.
  18. Belozerov S.A. et al. Finansy [Finance]. Moscow, Prospekt Publ., 2013, 928 p.
  19. Finansovyi menedzhment [Financial management]. Moscow, Omega-L Publ., 2013, 560 p.
  20. Fridman A.M. Finansy organizatsii (predpriyatiya) [Corporate finance]. Moscow, Dashkov i K Publ., 2013, 488 p.

View all articles of issue

 

ISSN 2311-8768 (Online)
ISSN 2073-4484 (Print)

Journal current issue

Vol. 17, Iss. 1
March 2024

Archive