Management of non-current assets of NC Engineering Ukraine LLC
Students Name: Synyshyn Vasyl Vasylovych
Qualification Level: magister
Speciality: Finance, Banking and Insurance
Institute: Institute of Economics and Management
Mode of Study: full
Academic Year: 2023-2024 н.р.
Language of Defence: ukrainian
Abstract: The efficiency of the economy is largely determined by the state of its fixed assets, which characterize the production capacity of industries, determine the pace and scale of its development. In modern conditions of activity of industrial enterprises the research of problems of the analysis of reproduction of fixed assets, efficiency of their use in the conditions of realization of investment projects, and also definition of directions of activization of investment activity becomes actual. The complex analysis of reproduction of fixed assets solves these problems. Despite the large number of scientific works and some practical achievements, no effective ways to solve the problem of formation of fixed assets and their management in industrial enterprises have been finally found. Issues of theoretical and methodological nature related to the timely renewal of fixed assets, optimization of their structure in accordance with the requirements of the technological process, the organization of their effective use to ensure the dynamic and innovative development of domestic enterprises remain insufficiently studied. The purpose of the master’s qualification work is to manage the intangible assets of NC Engineering Ukraine LLC. The realization of the research goal necessitated setting and solving the following tasks: - to investigate theoretical approaches to the management of the company’s fixed assets; - to carry out an analysis of the financial condition of NC Engineering Ukraine LLC; - to carry out an analysis of the state of fixed assets of NC Engineering Ukraine LLC; - to conduct a SWOT analysis of the economic environment of NC Engineering Ukraine LLC; - to perform economic and mathematical modeling of the need to modernize NC Engineering Ukraine LLC; - to forecast changes in fixed asset indicators of NC Engineering Ukraine LLC; - to provide recommendations on improving the management system of fixed assets of NC Engineering Ukraine LLC; - to justify the results of project decisions for NC Engineering Ukraine LLC. The object of research of the master’s qualification work is the activity of NC Engineering Ukraine LLC. The subject of the study is the theoretical and applied principles of management of fixed assets of NC Engineering Ukraine LLC.The methodological and information base for writing the qualification work are the Laws of Ukraine, the Regulations of the executive authorities, the work of Ukrainian and foreign scientists, the reporting of the object of analysis and electronic resources. To achieve this goal, the following techniques and methods are used: vertical and horizontal analysis of the Statement of Financial Position (Balance Sheet) of NC Engineering Ukraine LLC and the Statement of Profit and Loss and Total Income; coefficient analysis of financial activity of NC Engineering Ukraine LLC; optimization method - to substantiate the optimal way to achieve economic efficiency of capital investments in the modernization of fixed assets and the impact on reserves to increase production of LLC "NC Engineering Ukraine". The paper analyzes the financial condition of the enterprise, as well as evaluates the composition and structure of fixed assets of LLC "NC Engineering Ukraine". Having performed the appropriate calculations of the residual capacity of fixed assets of LLC "NC Engineering Ukraine", indicators were obtained to determine the need to modernize the equipment of the enterprise. Having forecasting the indicators of depreciation and initial cost of fixed assets of LLC "NC Engineering Ukraine" by the method of least squares, we can conclude that with the current trend of changes in the indicator, their further growth is projected for the forecast period 2022-2023. Having analyzed the structure of the change in the rate of depreciation of fixed assets of “NC Engineering Ukraine” LLC using the method of chain substitutions, we can see that the growth of the indicator in 2022 was influenced by both factors: an increase in the amount of depreciation and an increase in the original cost of fixed assets. Key words: enterprise, fixed assets, upgrades, modernization. References. 1. Stelmakh, H.P. and Pyroh, O.V, 2016. Investment development of machine-building enterprises of Lviv region. В: Person, Family, and Society: Interdisciplinary Approach to the Harmonization of Interests. Monograph. Opole: The Academy of Management and Administration in Opole. Poland, Opole: Centrum Innowacji i Transferu Technologii oraz Rozwoju Kultury Fizycznej Spolka z o. o. Wyzsza Szkola Zarzadzania i Administracji w Opolu, с. 282-289. 2. Alieksieiev, I., Mazur, A., & Storozhenko О. (2021). Implementing the sustainable development goals in Ukraine: financing framework. 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