Temnikov V.A.Institute of Economics and Finances of Volgograd State University (VolSU), Volgograd, Russian Federation vasiliitemnikov@yandex.ru ORCID id: not available
Subject. This article deals with the issues of identification and risk assessment within the framework of management accounting, focused on information intelligence and support of business management in the face of uncertainty. Objectives. The article aims to comprehensively investigate the existing methodological approaches and modern ways of assessing risks. The study also aims to develop a qualitatively new methodology for assessing a company's total financial risk based on the identification and analysis of the risk components that the company is exposed to. Methods. For the study, we used the methods of analysis and synthesis, comparison, grouping, as well as statistical, calculation, analytical, and expert assessment methods. Results. The article presents an original method of stepwise assessing the company's financial risks, based on a combination of expert and computational tools, enabling to obtain representative data in the conditions of limited resources. Conclusions and Relevance. The proposed method of assessing financial risk helps conduct a qualitative and quantitative assessment of the financial risks of the organization and can be applied in organizations of all forms of business and sectors of the economy. It does not require significant amounts of information about the company's activities or special hard-and software.
Keywords: management accounting, risk assessment, total financial risk, methodology
References:
Demina I.D., Merkushchenkov S.N. [The concept of risk-oriented system of accounting in commercial organizations]. Ekonomika i sovremennyi menedzhment: teoriya i praktika, 2015, no. 45, pp. 26–35. URL: Link (In Russ.)
Alborov R.A., Kontsevaya S.M., Kozmenkova S.V. [Background and modeling of the development of management accounting in agriculture]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2015, vol. 18, iss. 15, pp. 37–51. URL: Link (In Russ.)
Magomednabieva E.N. [Optimum system modeling in management accounting of gas distributing organizations with regard to key uncertainty factors]. Vestnik Volgogradskogo gosudarstvennogo universiteta. Seriya 3: Ekonomika. Ekologiya = Journal of Volgograd State University. Economics, Ecology, 2010, no. 1, pp. 145–151. URL: Link (In Russ.)
Glushchenko A.V., Yarkova I.V. [An integrative model of the strategic management accounting at the enterprises of chemical industry]. Vestnik Volgogradskogo gosudarstvennogo universiteta. Seriya 3: Ekonomika. Ekologiya = Journal of Volgograd State University. Economics, Ecology, 2016, no. 2, pp. 103–116. URL: Link (In Russ.)
Glushchenko A.V., Grishkeeva Z.V. [Tools of strategic management accounting]. Biznes. Obrazovanie. Pravo = Business. Education. Law, 2012, no. 1, pp. 170–173. URL: Link (In Russ.)
Arzhenovskii S.V., Rudyaga A.A. [Economy risk definition: approaches review]. Uchet i statistika = Accounting and Statistics, 2017, no. 1, pp. 88–92. URL: Link (In Russ.)
Kryzhanovskii O.A., Popova L.K. [An analysis of modern approaches to understanding the terms "risk" and "financial risk"]. Molodoi uchenyi = Young Scientist, 2016, no. 19, pp. 467–471. URL: Link (In Russ.)
Bykova I.V. [The concept of management accounting factors of risks of financial-economic activity of enterprises]. Upravlencheskii uchet = Management Accounting, 2015, no. 1, pp. 12–16. (In Russ.)
Sarunova M.P., Badmakhalgaev L.Ts., Sarangova G.E. et al. [Risk assessment in the management accounting system]. Vestnik Altaiskoi akademii ekonomiki i prava, 2019, no. 3-2, pp. 173–177. URL: Link (In Russ.)
Sitnikova V.A., Sitnikova S.A. Otsenka riskov v sisteme risk-orientirovannogo upravlencheskogo ucheta. V kn.: Sovremennye problemy bukhgalterskogo ucheta i otchetnosti v Rossii i stranakh sodruzhestva: kollektivnaya monografiya [Risk assessment in the risk-oriented management accounting system. In: Contemporary accounting and reporting problems in Russia and CIS countries: a collective monograph]. Moscow-Almaty, Financial University under Government of Russian Federation and Almaty Academy of Economics and Statistics Publ., 2018, pp. 220–226.
Sysoeva I.V., Arkhipov E.L., Zentsova K.S. [Management accounting of risks to the economic security]. Internet-zhurnal Naukovedenie, 2016, vol. 8, no. 3. (In Russ.) URL: Link
Serebryakova T.Yu., Gordeeva O.G., Kurtaeva O.Yu. [Accounting and analytical sources of economic risks identification]. Uchet. Analiz. Audit = Accounting. Analysis. Auditing, 2018, vol. 5, no. 5, pp. 24–32. URL: Link (In Russ.)
Panyagina A.E. [Review of modern methods of quantitative estimation of risks]. Ekonomika i menedzhment innovatsionnykh tekhnologii, 2014, no. 3, part 1. (In Russ.) URL: Link
Shaptala V.G., Latkin M.A., Vetrova Yu.V. [Quantitative methods of assessing and predicting risk]. Innovatsionnaya nauka, 2016, no. 4-4, pp. 51–54. URL: Link (In Russ.)
Vavulina A.S., Smirnov A.A. [Analysis and diagnostics of financial stability and financial risks of building companies in the Russian Federation]. Mezhdunarodnyi nauchno-issledovatel'skii zhurnal = International Research Journal, 2018, no. 1-2, pp. 115–119. URL: Link (In Russ.)
Vinokur I.R. [The method of risk analysis and management]. Vestnik PNIPU. Sotsial'no-ekonomicheskie nauki = PNRPU Sociology and Economics Bulletin, 2019, no. 3, pp. 93–108. URL: Link (In Russ.)
Gerasimova M.V., Avdeeva L.A. [The methodical approach to the evaluation overall risk the construction companies]. Vestnik evraziiskoi nauki, 2015, vol. 7, no. 3. (In Russ.) URL: Link
Golikova Yu.A., Shukhov P.N. [Analysis and risk assessment of construction companies: the methodological approach]. Vestnik SIBITa = Bulletin of SIBIT, 2016, no. 4, pp. 13–18. URL: Link (In Russ.)
Grebennikova V.A., Baranova P.V. [Methods of identification, assessment and ranking of financial risks in the oil industry]. Economic Consultant, 2019, no. 2, pp. 28–36. (In Russ.) URL: Link
Zinov'eva E.S., Teselkina E.A., Bukharova E.A. et al. [Strategic financial risks management and their assessment methods]. Innovatsionnaya ekonomika: perspektivy razvitiya i sovershenstvovaniya, 2019, no. 2, pp. 226–233. URL: Link (In Russ.)
Kryzhanovskii O.A., Popova L.K. [Methodological approaches and methods for assessing financial risks at the enterprise]. Voprosy ekonomiki i upravleniya, 2016, no. 5, pp. 162–165. URL: Link (In Russ.)
Pyzhikova N.I., Titova E.V., Kozlov M.A. [Methodology of estimation of financial, productive and combined risk]. Epokha nauki, 2015, no. 4, pp. 283–288. (In Russ.) URL: Link
Serebryakova T.Yu. [Enterprise risk management: A methodological aspect]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2017, vol. 20, iss. 5, pp. 294–306. (In Russ.) URL: Link
Fedosova R.N., Kryukova O.G., Babanov K.V. [Comprehensive approach to financial risk management of an industrial enterprise]. Strategii biznesa, 2015, no. 8, pp. 25–31. (In Russ.) URL: Link
Tyutikova V.V. [Integrated risk management as a tool for managing the aggregate financial risk of a construction company]. Vestnik Universiteta, 2013, no. 7, pp. 107–110. URL: Link (In Russ.)
Glushchenko A.V. [Quality information improvement on the basis of internal accounting standardization procedures in holding type integrated formations]. Vestnik Volgogradskogo gosudarstvennogo universiteta. Seriya 3: Ekonomika. Ekologiya = Journal of Volgograd State University. Economics, Ecology, 2010, no. 1, pp. 136–144. URL: Link (In Russ.)
