The Bulletin of the Adyghe State University,<br />
Series "Economics" The Bulletin of the Adyghe State University,
Series "Economics"
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#1 / 2012

The Economic Theory

  • V.A. Budasova
    The evolution of views on the problem of formation of the production costs

    Reflecting the processes of economic activity of people, production costs have occurred at all stages of human development. This paper gives a variety of scientific approaches to the definition of production costs, in accordance with the stages of economics development. The author provides a comparative analysis of the economic nature of the concepts of "cost", "expenses" and "production costs" in modern economic practice.

    pdf budasova2012_1.pdf  (444 Kb)

  • M.V. Khalina
    System of manufacturing factors in the innovative type economys

    The paper substantiates the qualitative changes in the system of manufacturing factors in the course of transition from industrial to post-industrial economy. The evolution of the theory of manufacturing factors reflects a shift of ways of economic development of a society as a result of revolutionary technological changes. In post-industrial economy a system of manufacturing factors is specific in their general innovative features.

    pdf khalina2012_1.pdf  (260 Kb)

    Financial Markets

  • S.S. Zaitseva
    Tax risks of insolvent and low competitive enterprises

    Tax risks of the managing subject are subdivided by the author into external and internal. The author defines the volumes of financial losses at approaching tax risks. Recommendations are given for non-admission of reduction of tax base since the sum of profit which has remained at the disposal of the organization will not satisfy the expected values of profitability. This will be promoted by the external and internal tax risks raising the volume of financial losses.

    pdf zaitseva2012_1.pdf  (317 Kb)

  • S.A. Roshchektaev
    Comparative analysis of the development of local financial markets in megalopolises of South of Russia

    The paper provides a comparative analysis of the development of local financial markets and collective investment market in megalopolises of South of Russia. An estimate is given of the dynamics of activity indicators of local managing companies, as well as of their investment funds. The author examines institutional bases of local financial market development in megalopolis.

    pdf roshchektaev2012_1.pdf  (620 Kb)

    Problems Related to Investment Activity

  • A.O. Metov
    Cost-effectiveness of investments in Russian petroleum industry: assessment problems and ways of its increasing

    The paper discusses the theoretical approaches to content and assessment of cost-effectiveness of petroleum industry in Russia, as well as issues of accelerated development of processing industries producing goods with high added value. This can be made by increasing the volume of their consumption in the domestic market and by increasing their delivery to foreign markets through the establishment of new petroleum supply system to find the optimal ratio between the price of energy, volume of exports and, as a consequence, the size of their output.

    pdf metov2012_1.pdf  (226 Kb)

  • O.Z. Khuazhev, R.A. Khunagova
    Management methodology of investment activity of the territorial timber industry enterprises

    The paper addresses questions of practical value of scientific researches related to application of the developed scientifically-methodical positions in work of the territorially-timber industry complex, as well as at regional government level during working out projects on development of small business, forecasting and modelling of innovative activity.

    pdf khuazhev2012_1.pdf  (192 Kb)

    Regional Economy

  • G.V. Vorontsova, O.N. Momotova
    Rationale of selection of strategic alternatives for regional development

    The paper substantiates the main strategic options of the region at present. The authors define the important areas of use of industry portfolio diversification as a tool to promote the regional economy to adapt to new challenges from a global, integrated, technologically sophisticated and hyper-mobile environment.

    pdf vorontsova2012_1.pdf  (230 Kb)

  • A.A. Dzharimov, R.T. Kushu
    Small and mid business as means of smoothing intraregional social and economic distinctions: strategic priorities and realization tools

    This paper discusses a number of unexplored aspects of substantiation of the development priorities of small and medium business as a means of smoothing intraregional socio-economic differences and organizational-economic mechanism for their implementation.

    pdf dzharimov2012_1.pdf  (208 Kb)

  • A.A. Ermolenko, N.A. Khilko
    Web organizations: the potential of development of regional economic systems

    The paper discusses the potential of the web organizations, which can be used in the development and transformation of regional economic systems of contemporary Russia. Their contribution to innovational modernization of the regional economic systems is estimated.

    pdf ermolenko1_2012_1.pdf  (213 Kb)

  • E.N. Zakharova, A.A. Bartashevich
    Management of ecologic and economic risks in system of tools of a regional sustainable development

    The paper discusses management of ecologic and economic risks in imperatives of a sustainable development of the region. The authors elaborate the economic-mathematical models of assessment of socially-ecological risks in a public health service system at regional level. The functioning of three-link system “prevention of an economic damage of the surrounding environment – decrease in ecologic and economic risks – maintenance of sustainable regional development” is examined in detail.

    pdf zakharova1_2012_1.pdf  (503 Kb)

  • N.M. Makarchouk
    The structural transformation of internal content of regional economic system

    During the last years the process of structural transformation has become a priority component of regional economic policy of Russia. Problems that the regions experience under the effect of the factors of global competition, are negatively reflected in parameters of their evolution. This paper uncovers structural issues of transformation of the internal sphere of the regional economic system and provides recommendations for their decision.

    pdf makarchouk2012_1.pdf  (187 Kb)

  • I.Yu. Natkho, A.V. Belousova
    The evolution of functional subsystems in the internal environment of the region

    The process of formation and evolution of regional functional subsystems during the last time has become one of priority signs of regional economic policy of contemporary Russia. Problems, which arise under the influence of competition, cause the demand of formation of effective subregional locations. This paper discloses the essential aspects of regional functional subsystems of Russia and gives recommendations for their decision.

    pdf natkho2012_1.pdf  (215 Kb)

  • A.V. Naumenko
    Mechanisms for realization of strategic priorities of municipality

    This paper discusses some aspects related to the rationale of tools of a mechanism for implementing the strategic priorities of economic development at municipal level.

    pdf naumenko2012_1.pdf  (259 Kb)

  • A.A. Tamov, A.V. Naumenko
    Methodological aspects of formation of the strategic management system of municipal economy

    This paper discusses some aspects related to the selection of tools of strategic management of the municipal economy and their proper use in the present conditions.

    pdf tamov2012_1.pdf  (215 Kb)

  • N.A. Khilko, I.V. Belomestnova
    The vertically integrated corporations as the subjects of modernization of regional economic systems

    This paper discusses actual aspects of participation of vertically integrated corporations as a subject of modernization of regional economical systems of contemporary Russia. The authors examine special features of vertically integrated corporations as the subjects of modernization at the mezzo- level and tools of increasing their role in this process, determining the reproduction of human capital of the region as the priority in this process.

    pdf khilko2012_1.pdf  (79 Kb)

  • A.Sh. Khuazheva, K.N. Kirzhinova
    Research on functioning of the regional power systems in the conditions of limitation of own power resources

    The paper presents the analysis of functioning of regional power systems in the conditions of energy deficiency, as well as of the causes of existing disparities in the region energy supply and the effective use of energy resources. The paper gives lists of trends of energy policy at the federal state and regional levels aimed at increasing the region energy supply.

    pdf khuazheva_a_2012_1.pdf  (369 Kb)

  • S.A. Chernyavskaya, A.V. Belousova
    The formation of alimentary regional subsystem and instruments of its evolution

    The paper discusses vital aspects of formation and instrumental intensification of development of alimentary subsystem as the main component of many regional economic systems. The authors investigate the relations between functions and instruments of the development of alimentary regional system using the cognitive potential of the reproduction approach.

    pdf chernyavskaya2012_1.pdf  (236 Kb)

    The Account, Audit and the Control

  • E.G. Aleeva, I.V. Sugaipova
    Auditing budgetary funds

    The paper discusses the auditing standards elaborated by INTOSAI, the international association of the national organizations, carrying out control in the budgetary sphere, the International Standards on Auditing and the Russian Standards on Auditing developed on their basis, as well as their use (merits and shortcomings) in auditing budgetary funds. The authors examine the role and functions of the Audit Chamber in auditing efficiency of using budgetary funds. It is inferred that it is necessary to improve legislative and standard base, to continue work on methodical aspects of external audit and to consider necessity of attraction of budgetary sector of independent commercial auditors to external audit.

    pdf aleeva2012_1.pdf  (234 Kb)

  • E.V. Olomskaya
    Accounting principles as the unifying factor of formation of accounting and tax information systems

    This paper describes the main accounting principles. The author determines the criteria for attributing these principles to a group of assumptions and requirements, The fundamental differences between the considered categories are distinguished. The correspondence of the above criteria to assumptions and specified requirements adopted by the Russian system of normative regulating accounting is investigated. The author considers in detail the criterion of materiality, which occupies a special place within the principles of accounting. The work studies which accounting model (tax, financial or any other) is formed by the determined principles. A detailed and reasonable comparative analysis of the accounting principles of accounting, financial and tax is presented.

    pdf olomskaya2012_1.pdf  (367 Kb)

  • V.Yu. Pazderova
    Know-how as an object of accounting

    Despite the fact that the term "know-how" for a long time is used in the business turnover, and the object itself as a collection of information of commercial value acts often as an object of transactions, it is one of the most controversial objects of modern accounting. This paper discusses the problem of identifying the know-how as an object of intangible assets of the organization in retrospective and contemporary aspects, related to its recognition and reflection in the Russian accounting system, as well as to the choice of depreciation policy.

    pdf pazderova2012_1.pdf  (256 Kb)

  • I.V. Sugaipova, K.A. Yurkhanyan
    Estimation and reflection of business reputation in accounting and financial reporting

    The present work examines estimations and reflections of business reputation in accounting and financial reporting. The authors discuss terminology of the problem under study, the formation of business reputation in the course of functioning of the organization, the existing methods of accounting and estimation of business reputation, as well as the international practice.

    pdf sugaipova2012_1.pdf  (215 Kb)

  • E.A. Fedchenko
    Application of calculation accounts in cost accounting for implementation of the government assignments

    The paper discusses features of application of calculation accounts for implementation of the government assignment in a budget institution – recipient of a grant. The author makes an analysis of government service cost for government assignment implementation. The cost accounts classification by the kinds of financial provision is presented. The methodology is suggested to make a cost accounting in rendering a government service for government assignment implementation and for obtaining target grant and budget investment.

    pdf fedchenko2012_1.pdf  (269 Kb)

  • E.V. Shmatova, A.V. Ryabchenko
    IFRS / RAS: the recognition of revenues and expenses

    The paper discusses the formation of financial reporting by the Russian enterprises in accordance with the International Financial Reporting Standards. The characteristic of the IFRS governing the recognition of income is presented. IAS 1 "Presentation of Financial Statements" is studied in detail. The criterion is proposed for revenue recognition in accordance with the RAS 9/99 and IFRS 18. We consider the accrual method as the primary method of the recognition of revenues and expenses of the company. Much attention is paid to the comparative analysis of the Russian Accounting Standards and IFRS.

    pdf shmatova2012_1.pdf  (268 Kb)

  • M.Yu. Yurchenko
    The use of analytical procedures in auditing fixed assets

    The present research focuses upon the use of analytical procedures in auditing fixed assets, their essence, the stages of planning analytical procedures, periodicity and the purposes of analytical examination in audit, as well as upon principal causes of the increasing role of analytical procedures in auditing.

    pdf yurchenko_m_2012_1.pdf  (213 Kb)

    Economy of Agrarian-Industrial Complex

  • À.À. Apishev, A.R. Nash
    Peculiarities of the functioning of the market mechanism of production and realization of rice

    In this work the market mechanism of production and realization of rice that can optimize the stability of rice complex, to establish strong interactions between the spheres and sectors of the economy of the region, to ensure that occupancy of the food market.

    pdf apishev1_2012_1.pdf  (304 Kb)

  • À.À. Apishev, B.A. Khakhuk
    Socio-economic assessment of natural (land) resources as the basis of modelling of the mechanism of paid land tenure

    The paper provides the methodological approaches to the evaluation of natural (land) resources in modern conditions. The cadastral evaluation is shown to act as the basis for determining their socio-economic value when land resources are evaluated as an object of fiscal relations. The measures to improve methodology for calculating the socio-economic value of land and the mechanism of paid land tenure are suggested using an example of the Novokubansky District. They are based on the principles of effective rent regulation.

    pdf apishev2_2012_1.pdf  (235 Kb)

    Management by Innovations

  • G.M. Mishulin, D.S. Taranukhin
    Theoretical methodological approaches to system formation in the innovation process

    There are represented theoretical methodological approaches to the innovation process research as a condition of system generating innovation status ensuring; there is the mechanism of different levels innovation systems formation and these systems’ features and development conditions given; there are new concepts like “innovation line”, “innovation transmissivity” offered; renewed concept of innovation process from system generating setting is given; the identification of innovation cycles and economic growth sources are conducted.

    pdf mishulin2012_1.pdf  (211 Kb)

    Mathematical Methods in Economy

  • R.B. Dekkushev
    Causal analysis of the labor market and the reproduction of labor resources in the Karachay-Cherkessia Republic

    The paper discusses problems of the labor market of the Karachay-Cherkessia Republic in the present conditions of the Russian Federation. The situation in the labor market of the Republic is estimated as the tense one by many indicators, including a low level of reproduction of labor resources and undesirable levels of unemployment. Therefore, the topical problem is to find ways to overcome negative tendencies in the present labor market, as well as to assess the role of government regulation in the reproduction of labor resources. The study of the socio-economic status of the region, labor market, the quantity and quality of labor resources, and identification of factors influencing the processes of reproduction requires the application of appropriate research methods. The causal analysis, which has become the basis for later cognitive modeling, was used as such a method in this study. As a result of this study recommendations to regulate the labor market and reduce unemployment were developed.

    pdf dekkushev2012_1.pdf  (522 Kb)

  • E.N. Zakharova, A.A. Poddubny
    The use of the cognitive approach to construct scenarios of development of the regional agrarian and industrial complex

    This paper discusses scenarios of development of the regional agrarian and industrial complex constructed on the basis of the use of the cognitive approach. An active role of its information-consulting maintenance is envisaged.

    pdf zakharova2_2012_1.pdf  (586 Kb)

  • A.Kh. Karanashev
    Martingale solution for the problem of stochastic control of investment and consumption

    This work discusses optimal investment and consumption strategies of an agent of financial market with utility of intermediate consumption and/or terminal wealth. The author derives an analytical characterization of the optimal portfolio (speculative demand for risky assets and a hedge portfolio).

    pdf karanashev2012_1.pdf  (1 Mb)

    The Theory and Practice of Business

  • R.A. Khunagova
    Organizational structures of development of business in wood territories

    In article questions of recreational using by wood, its economic forms of development of small forms of managing in wood regions in the decision of social problems are considered. Receptions of effective formation ecological directions of intensive integration of development of business taking into account features of wood territories are shown.

    pdf khunagova2012_1.pdf  (336 Kb)

    Service Economy

  • A.A. Ermolenko, D.V. Ryazantseva
    The main forms of interaction between the institutions of secondary professional education and business structures in the Krasnodar region

    This paper discusses the forms of interaction between the service institutions of secondary professional education and business structures in the territory of the Krasnodar Region. The author gives the description of such a partnership, exposes the problems and drawbacks and suggests the solution of the given circumstances by the realization of potential available in the Krasnodar Region.

    pdf ermolenko2_2012_1.pdf  (216 Kb)

  • N.P. Ketova, V.N. Ovchinnikov
    Intellectual services in the Southern Russia economy: possibilities, organization and prospects

    The paper describes the present structure of intellectual services and the basic institutional conditions and limitations of their development in Russia. The possibilities of further expanding of the market of the intellectual services are shown on the basis of materials of companies that provide such services with the use of IT-technologies. The authors formulate factors and conditions to intensify factors of the institutional environment of intellectual service area in Russian regions.

    pdf ketova2012_1.pdf  (321 Kb)

  • N.V. Koroleva
    Recreational zone as structural unit of the territorial state’s economy

    Designing of models of recreation areas has revealed necessity of the analysis of the maintenance of the given concept. This article is devoted to the research of concepts “recreation system”, “recreation area”, “recreation recourse”, as well as the formation and functioning of recreation areas. Classification of recreation recourses on the basis of the five criteria is offered: on character of use, on formation sources, on value scale, on integrated approach of use, to an ecological sign.

    pdf koroleva2012_1.pdf  (577 Kb)

    Social Economy

  • T.M. Shovgenov
    The economic aspect of the adaptation of the Kurds in the Republic of Adygeya

    The paper presents the economic aspect of the adaptation of the Kurds in the Republic of Adygeya. Determined the economic role of the Kurdish diaspora in the region, revealed the consequences of the resettlement of Kurdish ethnic group for the economy of Adygea.

    pdf shovgenov2012_1.pdf  (239 Kb)


  • V.I Berezhnoy, I.V. Taranova, I.A. Tsvirinko
    Management resources of the 21st century

    In article administrative innovations, as the new kind of innovations corresponding creatively-innovatsionnomoj to a control system on XXI century are considered.

    pdf berezhnoy2012_1.pdf  (301 Kb)

  • A.V. Gukasyan
    General contradictions and problems of industrial policy during post-crisis development

    The study describes contradictions and problems of industrial policy during post-crisis development. The author gave systematic factors of industrial policy changes, described special contradictions and new tasks of industrial policy development after the world financial crisis.

    pdf gukasyan2012_1.pdf  (310 Kb)

  • M.M. Dolgiev
    Problems and prospects of development of heat power industry in modern conditions

    This work examines problems related to development of heat power industry in the country. One of them is high degree of a deterioration of the capital equipment, leading to decreasing efficiency and to increasing risk of technogenic accidents. Great attention is given to the Kuban heat power system. Basic actions of its development strategy till 2020 are considered. Ensuring efficiency of functioning of the heat power complex is considered using an example of activity of “the Armavirteploenergo”.

    pdf dolgiev2012_1.pdf  (354 Kb)

  • I.V. Zenkina
    Prerequisites for development, main goals and procedure of strategic analysis under present conditions in Russia

    The paper reflects the topicality of strategic analysis in substantiation and appraisal of strategic managerial decisions. Prerequisites are examined for development of methodology, methods and practice of use of strategic analysis under the modern native conditions. Approach to interpretation of the nature of strategic analysis, proposed by the author, is presented. The role of strategic analysis in the information system of strategic management is shown. The content, main goals, as well as objects and subjects of strategic analysis are defined. The system of principles for conducting strategic analysis of managing subjects, formulated by the author, is presented and substantiated.

    pdf zenkina2012_1.pdf  (265 Kb)