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An analysis of the contribution of the information technology industry in India showed that the country had found a profitable middle ground between science and economy, the share of the sector in the country's GDP structure is more than 10% in 2016/2017. On the other hand, the total contribution of information technologies, including the digital and mobile component of the Russian economy, amounted to 5.06% of GDP in 2017. Despite the economic stagnation, high-tech segments have continuing to develop and find new...

The true and fair view principle is a key rule that has been functioning in accountancy for a very long time. In the face of an ever-growing world and new opportunities that have forced development and changes in the approach of accounting, the true and fair view principle became even more crucial. Its maintenance has become one of the prime goals for each person creating a financial statement. The theoretical part of the article was focused on showing the meaning of the true and fair view principle and its import...

The main objective of the paper is to analyze the economic growth and its determinants, as in developed countries and countries in transition. In this paper we will at least square and explain (OLS) which will make the calculation of coefficients evaluation and equation of the sample regression function.Viewed from the standpoint that have accrued in STATA we see that the index of corruption negatively affects economic growth, and economic LIRR has an negative impact on economic growth and foreign investment have ...

The article presents the main results of the development of a range of proposals for the development of volunteering in tourism in Russia, provided that typical risks and threats caused by this phenomenon are reduced. Volunteering in tourism is a rather complicated topic. It includes many ethical, organizational, legal, economic and other aspects. There are two main components in it: volunteering at tourist sites, as well as volunteer tourism (voluntourism) and other types of tourism that have a volunteer element....

In today’s rapidly changing business environment business performance is becoming increasingly important. Improving business performance becomes an integral part of the strategic management of any business that wants to succeed in today's competitive environment. New methods (concepts) that are used to measure and manage financial performance are gradually introduced. These methods include not only financial but also non financial indicators that describe financial performance in its entire complexity. The aim of ...

The study analyzes the functioning of the hospitality industry in the structure of working tourist routes in the regions of Russia. The range of problems that determine the quality of hotel service, which is provided to guests, located on the tourist route. The institutional conditions that affect the market of hotel services, as well as services of other means of accommodation. The study determined that the low level of service in hotels is determined by the structure of demand from tourists and tour operators wh...

This study focuses on the specific features of managerial accounting used in the Czech Republic, in particular on the typical attitude of manufacturing companies towards product costing and pricing. The objective of absorption costing is to ensure that both the direct and indirect costs of production are included in the production cost. To determine the direct production costs is relatively simple as the amount of them in a product can be measured. On the other hand, the indirect costs are impossible to measure, t...

The changes in the socio-economic system of the Russian Federation and its regions have brought us to focus on the dynamics of these changes through the selection of main indicators characterizing socio-economic crisis, latent processes and choice of ways out of the crisis. We consider the current state of the system taking into account external trends. Using traditional statistical indicators for this purpose is not always justified. Negative trends that accompany the development of economically advanced countrie...

Economic environment is constantly witnessing a number of discussions about undervalued or overvalued cost of national currency and the impact of currency cost on the national economy and well-being. For this purpose multiple methodologies of calculating “base” (“fair”) value of national currency and its comparison with real current market value are widely used. Although, the most common method is considered to be the one, based on purchasing power parity, some other methods, such as “bigmac index”, “iphone index”...

Objective: The aim of this article is to analyze the factual effectiveness of investments realized with EU funds. The case study of a project implemented in the years 2004 - 2014 in Lower Silesia is analyzed. Methodology: The article analyzes the effectiveness principles included in the feasibility study of a given project, and conducts in-depth studies on actual performance, implying a macroeconomic situation. Using the comparative analysis it has identified deviations, their magnitude and source of origin. Resul...

Today, the global economy is in a state of transition from one technological mode to another, more advanced. According to various evaluation society will be the sixth technological way in 2020-2030 This situation has a significant impact on the processes of economic development of individual countries, particularly highly developed. The most significant phenomenon that characterizes this state of the world economy is the so-called digital economy. This was influenced by the active use of information and communicat...

The paper presents a synthesis of the fundamental elements characterizing the bank deposits and, in particular, the deposits of the non-governmental clients. The concept of deposit as a whole, the typology and the role of bank deposits are analyzed. The study started in this paper will continue with other researches in this regard. The methods used by the authors to support the research consisted of data collection, documentary analysis, graphic representation, classification, comparative analysis. Scientific rese...

Background. This study is aimed to scrutinize the interrelation between satisfaction and concern with own appearance and subjective estimation of economic status that is considered as one of main predictors of life satisfaction. Resent research analyzes predominantly the role of real economic status on different aspects of human life including satisfaction and concern with own appearance [1], [3], [4], [6]. In contrast to mentioned studies our investigation is focused on subjective-comparative approach to economic...

The paper presents the results of evaluation of strategic development plans for cities with more than million population in Volga Federal District of the Russian Federation. Integral ranking of the strategic plans is made by combining the results of accessibility of strategic documents for stakeholders, availability of communication channels and readability of these documents. The studies have shown that that on all three criteria city Samara is the first, followed by Kazan and Perm. City Ufa is on fourth place an...

The basis for each successful economy is the performance and competitiveness of its core enterprise entities. Rising competition, which is caused by growing globalization processes, forces enterprises to evaluate their performance not only from the point of view of past financial results, but at the same time to compare their achieved results with competition in the relevant sector. Enterprises are exposed to ever stronger competition from globalization, leading to increased flexibility of all actors in the nation...

Several groups of the population are threatened by unemployment. These groups include graduates from secondary schools and universities, individuals in the retirement age, persons with disabilities, persons with low level of education and other groups. One large group represents secondary school and university graduates. The aim of this article is to compare and evaluate the amount and causes of unemployment of this population group in Slovakia and in the Czech Republic. Although Slovakia and the Czech Republic in...

Since the introduction of the negative nominal policy interest rates by the European Central Bank (ECB) in June 2014, there have been concerns about their impact on bank sector and hence on the financial stability. The prolonged global economic recovery, political uncertainty, low interest rates, and the changing regulatory landscape shape the environment for banks globally and influence their creditworthiness in recent years, with implications for banks’ earnings, profitability, and asset quality. The key objecti...

In the recent years Russian sugar market has been undergoing considerable changes stipulated by the innovation development and national policy of the country focusing on food supply security and support of the domestic beet sugar production. The Russian sugar market has turned into export-dependent from import-dependent and deficit. The article analyses the place of the Russian Federation in the world sugar market in the context of import substitution and shows the Russian Federation as one of the biggest world su...

The article is devoted to the study of the process of de-offshorization of the Russian economy, which was initiated by the Russian Government at the end of 2014.Amnesty of capital, or their legalization, is an economic mechanism, which is a kind of contract between the state and economic entities, or individuals, allowing to build relationships between the parties from "zero". Since many Russian legal entities conduct business through foreign offshore companies, they will in any case have to leave the shadows in o...

The banking system plays an important role in the development of the economy of any country, which is determined by its goals, functions and tasks, as well as its role in the economic system. The functioning of the Russian banking system under modern conditions is influenced both by positive external economic factors and by domestic economic processes that create favorable conditions for the development of the banking sector market. For the stable functioning of the national economy in general and the banking syst...