Influence of the price of petroleum and other factors on the dynamics of the ruble exchange rate
ID number: J201991
Abstract: The article presents the results of the analysis of the degree of influence of various macroeconomic factors, such as the price of petroleum, the rate of inflation, net exports and others, on strengthening the ruble exchange rate. In addition, models have been built, with the help of which it is possible to set the forecast values ??for the course for 2019. To obtain the results, econometric modeling and time series analysis were used. The results of the analysis can be used to obtain the most accurate forecasted values ??of the exchange rate for the most accurate planning in the economic and financial spheres of the country.
Key-words: correlation analysis, exchange rate, forecasting, inflation, net exports, determination coefficient, model quality criterion
Asymmetric placement of credit institutions in Russia
ID number: J201992
Abstract: The article reviewed the problem of asymmetric placement of credit institutions in Russia, describes the causes of disproportions. The statistical data on the volume of assets of credit institutions, their quantitative distribution in Russia, and also formulated solutions to the problem. The results of the analysis can be used in the formation of new strategic goals of the participants of the credit market in Russia.
Key-words: credit market, credit organizations, Central Bank of the Russian Federation, two-tier banking system, territorial disproportions
Kokoreva Victoria Alexandrovna, Larkina Ekaterina Dmitrievna, Gladenkova Ksenia Mikhailovna
Accounting and tax accounting: differences and prospects for convergence
ID number: J201993
Abstract: This article explores the existing differences in accounting and tax accounting and their causes. The article contains specific and relevant aspects of the causes of discrepancies in accounting and tax accounting. Reflection of differences, current issues of convergence of two accounting systems are considered. The authors proposed measures to eliminate the differences. Analyzed the prospect of convergence of accounting and tax accounting and its necessity.
Key-words: accounting, tax accounting, convergence of accounting and tax accounting, income, expenses, depreciation bonus, taxable income, registers
Larkova Elizaveta Andreevna, Lomakina Daria Alexandrovna, Yakimova Olga Sergeevna
Oil and Gas industry risk identification
ID number: J201994
Abstract: This paper is a compilation of information that give a general picture of the current situation of Russian oil and gas industry. The risk identification of the Russian oil and gas sector is complicated by statistical peculiarities and information asymmetry. The four major groups of risks have been identified for this sector, adding up to 10 risks overall. The aim of this paper is to analyze the current state of the oil and gas industry of Russia in the conditions of falling oil prices and sanctions policy. The research methodology is based on a systematic approach to assessing the state of the oil and gas industry of Russia.
Key-words: Russian oil and gas industry, industry risks, financial risks, operational risks, strategic risks, energy market, sanctions, oil prices, world energy
Management of capital structure: calculation of optimal debt-to-equity ratio for PJSC Novolipetsk Steel
ID number: J201995
Abstract: In the article, the notion of optimal capital structure and methods of its calculation are considered as well as the practical implementation of this concept. The subject of the study is the capital structure of PJSC Novolipetsk Steel. Method used for calculation of optimal capital structure for PJSC Novolipetsk Steel – WACC minimization. Moreover, the analysis of basic financial and performance indicators is included into the article. The result of the study is author’s recommendation on optimal debt-to-equity ratio for the company.
Key-words: optimal capital structure, debt, equity, WACC, sources of financing
The use of financial instruments in the financial support on the example of a company “Lukoil”
ID number: J201996
Abstract: In this article the indicators characterizing the use of financial instruments in the financial support of a company are assessed and to analyze their effectiveness using statistical methods for 2012-2018 period. The article also considers the essence of the financial mechanism and the conditions for the financial stability of a company. Different kinds of classification of financial instruments, the roles of each financial instruments and the cases of using them by companies have been studied as well. In this article we made an analysis of the balance sheet of Lukoil, of its financial stability and the dynamics of using shares and obligations as financial resources. Alsofactors influencing the net profit and share prices of Lukoil through the use of correlation analysis are determined.
Fedotov Pavel Alekseevich, Mishin Nikita Sergeevich, Goncharov Savelii Vladimirovich
Comparative analysis of models of probability of default of IT-companies in the segment of small and medium business
ID number: J201997
Abstract: The article contains two models for assessing the creditworthiness of IT companies of small and medium-sized businesses operating in Russia, the traditional model of logistic regression, which gives an interpretable result and the most commonly used random forest model in credit scoring. The results of the analysis can be used to detect unreliable borrowers in the loan portfolio.
Key-words: credit scoring, IFRS 9, logistic regression, random forest algorithm, assessment of the credit risk of the enterprise, IT companies
Key features of assessing the value of non-state pension funds in the context of reforming the Russian pension system
ID number: J201998
Abstract: The article presents an analysis of the features of assessing the value of private pension funds in Russia. The current topic of the article is supported by the fact that in the context of the reform of the pension system there is no generally accepted methodology for assessing the value of NPFs. An additional factor determining the relevance of the topic is the growth of sector consolidation, which stimulates the development of common standards for assessing NPFs. An analysis was made of the possibility of applying a comparative approach to assessing the value of NPFs, deals with NPFs for the period 2016 - 2019 were considered. and analyzed the change in the P / A multiplier for transactions for this period. The article highlighted the features of applying the income approach to the assessment of non-state pension funds, namely the basic principles of cash flow forecasting.
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