ORGANIZATION OF STRATEGIC ACCOUNTING

Moscow

Joint-Stock Company «1с: Computer Audit »





                AUDIT AND FINANCIAL ANALYSIS




     The fourth quarter 2004










Moscow

  Audit and Financial Analysis The fourth quarter 2004

Leading Russian and foreign scientists put considerable emphasis upon the economic growth and the policies able to overcome the economic obstacles. The experience in general and bank audit mesh appropriately with the relevant subject matter. The problems. of investments in Russia are highlighted. Directive and methodical materials on external and internal audit, financial and economic analysis are used in numerous in-text examples of relating topics. The international and domestic standards on accounting and audit illustrate the concepts being explained. Innovating prospects are given for business plan enhancing.
Editor - in - chief
      Chistyakov J.V.
Editor N.G.Baryshnikova Text designer Akopyan S.A. Proof-reader Volskaya E.J.
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Publishing House address:
119021, Moscow, 8/5 Timur Frunze Street, office 58.
  Phone/fax: 7 246-41-51, 7 173-18-22
  E-mail: auditfin@yahoo.com Published since 1995
  Editorial board:
  Chistyakov J.V. (Chairman),
      Danilevsky J.A., Buyanov V.P., Gorodetsky A.E., Kotlyar E.A., Livshits V.N., Lozhkin O.B., Trenev N.N., Halevinskaya E.D., Horin A.N.
      Sheremet A.D.
The founder : Joint-Stock Company “1c: Computer Audit”

                                     What could be of interest in this issue?

   In section «Taxation and Financial Control» there are three articles. The team of employees of the Research Financial Institute of the Ministry of Finance of the Russian Federation headed by the Head of the Department, Candidate of Science. Gorsky I.V., analyze tax receipts in the Russian Federation in 2003 and the questions of tax legislation connected with it. Deputy Director of Academy of economic safety of the Ministry of Internal Affairs of the Russian Federation A.E. Gorodetsky and A.M. Manaenkov conditions and assess the tendency of development of economic safety of Russia and predict development of law-enforcement mechanisms of its maintenance. The collective of employees of the Academy of Economic Safety of the Ministry of Internal Affairs of the Russian Federation headed by Doctor of Science (Economics), Professors Naumov V.V. offer the decisions on the struggle against economic offences in off-shore zones.

   In section «Financial Analysis» there are six articles. The auditor of Public Auditor company "Az" (Rostov - on- Don), Candidate of Science (Economics), Professor Algin V.A. reveals the principles of financial and economic analysis taking into account of international system of financial reporting and the Russian features. The Professor of the Faculty" Accounting " of Financial Academy at the Government of the Russian Federation, Doctor of Science (Economics) Kerimov V.E. and General Director of Public Company "NPO " of System of economic development Bogatko A.N. share the experience of the organization of strategic accounting at the enterprise. Senior lecturer of the Faculty «Accounting and Management» of All-Russia Correspondence Financial and Economic Institute, Candidate of Science (Economics) Lysenko D.V. continues the analysis of financial status of broadcasting companies and their managing in modern conditions, and also discusses the features of technique of the analysis of their financial stability. General director Consulting company "Finpress”, Candidate of Science (Economics) K.V. ShChiborshch offers the technique of strategic management of costs. Doctorant Belgorod State Technological V.G.Shuhova’ University, Candidate of Science (Economics) E.G. Velikaja tells about the theory and methodology of strategic management of activity industrial enterprise. The auditor of Joint-Stock Company "In -audit ", Professor of the Faculty of accounting of the Russian Plekhanov Economic Academy, Doctor of Science (Economics). Burtsev V.V. and Project coordinator «Financial analysis», consultant of Joint-Stock Company "In -audit" Yeliseyev A. analyze the financial reporting made under the International standards.

   In section «General Audit» there are two articles. Senior lecturer of Financial academy at the Government of the Russian Federation, Candidate of Science (Economics). Shleynikov V.l. discusses the accounting and audit of the efficiency of investments and costs of information technologies. The post graduate student of the Financial Academy at the Government of the Russian Federation Razumovskaya N.A. results the technique of carrying out of initiative complex tax audit.

   In section «Bank Audit» there are two articles. The Head of the Faculty of economic analysis and audit of Voronezh State University, Doctor of Science (Economics), Professor Endovitsky D.A. and the Director on accounting of Public Company "NLMC ", Candidate of Science (Economics). Sokolov A.A. offer the system of segmentary accounting and reporting in commercial organization. Professor of the Institute of Economics and Information, Candidate of Science (Economics) Vishninskaya G.N. and the employee of the same institute Ahmetova D.M. analyze the questions of the liquidity and ability of the bank to meet its liabilities.

   In section «Investment problems» Senior lecturer of the Faculty of economic analysis and audit of the Financial Academy at the Government of the Russian Federation, Candidate of Science (Economics) Bulyga R.P. reveals the opportunity of the reduction in risks of intellectual capital of the business on the basis of the method of real options.

   In section «Financial management» there are two articles. Senior lecturer of the Academy of work and public relations, Candidate of Science (Engineering) Lozhkin O.B. offers new decision of classical problem M&M for general case: leveraged firms taking into account of profit tax. Senior consultant of Siemens Business Services (Russia), Candidate of Science (Engineering), Nedosekin A.O. evaluate the risk of business on the basis of fuzzy set.

   In section "Business - reengineering" there are six articles. The Chief of analytical department in CB «BFG-Credit», Candidate of Science Engineering) Tsarkov V.A. researches the questions of modeling of economic dynamics of the enterprise. The economist of the Academy of national economy at the Government of the Russian Federation, the postgraduate student Bushuev P.V. examines the questions of evaluation of the potential of the growth of production and selling products of electric technical industry of Russia. The Head of the Laboratory of public and economic programs of modernization of the economy at CEMI of the Russian Academy of Science, the corresponding member of Housing Academy, Candidate of Science (Economics) Hachatryan S.R. discusses the questions of modeling reproduction programs of territorial housing-and-municipal complex. The collective of employees of CEMI of the Russian Academy of Science headed by Professor, Doctor of Science (Economics). Egorova N.E. model the mechanism of financing of projects of upgrade of enterprises of housing and communal services. Senior lecturer of the Financial Academy at the Government of the Russian Federation, Candidate of Science (Economics) Shleynikov V.l. highlights the question on how the foreign legislators provide the optimality of the made decisions in the budgetary sphere. Senior lecturer of the Faculty «Economy I and organization of management in electric power complex» of the Petersburg Electric Power Institute of raising professional skills at the Ministry for Power Generating Industry of the Russian Federation, Candidate of Science (Economics) Barykin S.E. states the methodical and legal questions of evaluation of the efficiency of capital investments at electric power enterprises.

   In section «Questions to auditors» Legal System «Reviewer II» results answers of the qualified experts on the budgetary device and currency regulation.

                                     For auditors, managers and accountants


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                The authors are kindly requested to present their papers in both languages.