STUDY OF THE FACTORS INFLUENCING ON THE FINANCIAL STABILITY OF THE REFINING INDUSTRY AND METHODS OF ENTERPRISE MANAGEMENT

The article considers internal and external factors influencing financial stability of Russian oil refineries. Presents the concept of financial stability as an essential condition of stable existence of the company. Considered financial sustainability in the face of volatility in oil prices and exc...

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Main Author: V. Ashikhin
Format: Article
Language:English
Published: Publishing House of the State University of Management 2017-12-01
Series:Вестник университета
Subjects:
Online Access:https://vestnik.guu.ru/jour/article/view/883
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author V. Ashikhin
author_facet V. Ashikhin
author_sort V. Ashikhin
collection DOAJ
description The article considers internal and external factors influencing financial stability of Russian oil refineries. Presents the concept of financial stability as an essential condition of stable existence of the company. Considered financial sustainability in the face of volatility in oil prices and exchange rates in oil company. Recommendations on the management of receivables and payables to improve the efficiency of enterprises of oil refining industry. The proposed changes in the accounting policy of the organization in terms of formation of estimated reserves, the formation of reliable information in financial statements and to exclude evidence of overstatement of the property value.
format Article
id doaj-art-17d44938ee3349aba55650a6658167b4
institution Kabale University
issn 1816-4277
2686-8415
language English
publishDate 2017-12-01
publisher Publishing House of the State University of Management
record_format Article
series Вестник университета
spelling doaj-art-17d44938ee3349aba55650a6658167b42025-02-04T08:27:53ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152017-12-01012727810.26425/1816-4277-2017-12-72-78883STUDY OF THE FACTORS INFLUENCING ON THE FINANCIAL STABILITY OF THE REFINING INDUSTRY AND METHODS OF ENTERPRISE MANAGEMENTV. Ashikhin0ФГБОУ ВО «Государственный университет управления»The article considers internal and external factors influencing financial stability of Russian oil refineries. Presents the concept of financial stability as an essential condition of stable existence of the company. Considered financial sustainability in the face of volatility in oil prices and exchange rates in oil company. Recommendations on the management of receivables and payables to improve the efficiency of enterprises of oil refining industry. The proposed changes in the accounting policy of the organization in terms of formation of estimated reserves, the formation of reliable information in financial statements and to exclude evidence of overstatement of the property value.https://vestnik.guu.ru/jour/article/view/883financial stabilitysolvencyexternal and internal factorsdebtor indebtednessthe oil and gas industryoil refinery
spellingShingle V. Ashikhin
STUDY OF THE FACTORS INFLUENCING ON THE FINANCIAL STABILITY OF THE REFINING INDUSTRY AND METHODS OF ENTERPRISE MANAGEMENT
Вестник университета
financial stability
solvency
external and internal factors
debtor indebtedness
the oil and gas industry
oil refinery
title STUDY OF THE FACTORS INFLUENCING ON THE FINANCIAL STABILITY OF THE REFINING INDUSTRY AND METHODS OF ENTERPRISE MANAGEMENT
title_full STUDY OF THE FACTORS INFLUENCING ON THE FINANCIAL STABILITY OF THE REFINING INDUSTRY AND METHODS OF ENTERPRISE MANAGEMENT
title_fullStr STUDY OF THE FACTORS INFLUENCING ON THE FINANCIAL STABILITY OF THE REFINING INDUSTRY AND METHODS OF ENTERPRISE MANAGEMENT
title_full_unstemmed STUDY OF THE FACTORS INFLUENCING ON THE FINANCIAL STABILITY OF THE REFINING INDUSTRY AND METHODS OF ENTERPRISE MANAGEMENT
title_short STUDY OF THE FACTORS INFLUENCING ON THE FINANCIAL STABILITY OF THE REFINING INDUSTRY AND METHODS OF ENTERPRISE MANAGEMENT
title_sort study of the factors influencing on the financial stability of the refining industry and methods of enterprise management
topic financial stability
solvency
external and internal factors
debtor indebtedness
the oil and gas industry
oil refinery
url https://vestnik.guu.ru/jour/article/view/883
work_keys_str_mv AT vashikhin studyofthefactorsinfluencingonthefinancialstabilityoftherefiningindustryandmethodsofenterprisemanagement