І. A. Zhukovych,

PhD in Economics, Senior Researcher;


G. І. Tereshchenko,

PhD in Economics, Senior Researcher,

Ptoukha Institute for Demography and Social Studies

 of the National Academy of Sciences of Ukraine




Method for Dissemination of Results from Sample Survey of Innovation

Activities at Enterprises for Population


The procedure for application of survey results on general population, which is a key phase in the official statistical survey of innovation activities at enterprises, conducted on sample basis, is analyzed. The tool for conducting the survey in Ukraine is the questionnaire “Survey of Innovation Activities at Enterprises”, the analogue of the questionnaire used by the Community Innovation Survey. The survey is conducted once in two years by the methodological recommendations of the Community Innovation Survey.

The sample survey of innovation activities at enterprises and application of its results for the general population involves computation of statistical weights as part of the indicators assessment. The following issues are reviewed: computation of basic weights of reporting units; editing of data obtained from the survey; correction of statistical weights to account for non-response and change of key parameters of enterprises. A central issue under discussion is quality control of the statistical weights system. Approaches to indicators assessment using the survey data are highlighted.

Elaborated within the framework of the Strategy for Development of Official Statistics till 2017, this method is part of the methodological guidelines on the innovation statistics. Once used by the State Statistics Service of Ukraine, the method will enable for producing high quality statistical data on innovation activities at enterprises from the survey data, adapted to the standards of European statistics and fit for international comparisons, first and foremost with the analogous data of EU countries.

Key words: innovations, innovative activity, sample survey, non-response, statistical weights, results dissemination, reweighting, population. Community Innovation Survey (СIS).



V. V. Lypchuk,

DSc in Economics, Professor,

Corresponding Member of NAAS of Ukraine,

Head of the Department of Statistics and Analysis;


O. M. Krupa,

PhD in Economics, Associate Professor,

Associate Professor of the Department of Statistics and Analysis;

Lviv National Agrarian University


Data Reduction in Socio-Economic Studies


     The article is devoted to the problem of data reduction as an important step on the way of providing reliability and efficiency of socio-economic studies. Through the reduction the large amounts of raw data, generated from different sources, become more useful, convenient and clear for use. Meanwhile, the data reduction is not treated as a separate phase of studies in the national statistic practice. The aim of the article is to substantiate the importance of data reduction in economic studies and attempt to systematize and generalize the essence and components of the phase of data reduction as well as ways of their implementation. The study is based on methods of theoretical generalization, abstract and logic, analogy and others.

The essence of data reduction is defined as the process of converting raw data into the pure form and reducing the number of units’ attributes (features), which are not significant to further analysis. In fact, this is part of the analysis involving selection of the data that are most important from the viewpoint of the study’s goals. The significance of data reduction in economic studies is outlined. It is found that it assures the validity of their results, reduces their time and costs, simplifies the representational complexity of the problem being addressed, eliminates the errors and redundant data from the investigated set, looses the requirements to calculation tools. The data resulting from reduction are much more informative. Many dependencies and relationships become more readable (visual). It is emphasized that reduction applies to the current data (on-line), as well as to historical data (off-line), contained in the already created databases. The phases of data reduction are described. They are: control of data collection, data editing, classification, data construction and grouping, coding and transmission (data transmission to the processing tools – computers). Data reduction techniques and methods most common in the global practice are shown.

Future studies of data reduction problems are expected to focus on potential ways to implement its advanced methods in the domestic practice of statistical science. It will allow for enhancing significantly the speed and efficiency of economic analysis and the reliability of its results.

Key words: socio-economic studies, data reduction, substantial signs, techniques, stages, credibility, reduction methods.



R. O. Kulynych,

DSc in Economics, Professor,

Head of Department for Mathematics, Statistics and Information Technologies,

Khmelnytsky University of Management and Law


Applications of the Method of Statistical Equations of Dependences for Assessment of Correlation between Economic Phenomena when Justifying Management Decisions


Studies devoted to economic activities of business enterprises are aimed at finding correlations between various factors and indexes of effectiveness, outlining tendencies, developing economic standards and forecasting. The sustained socio-economic development in Ukraine can be ensured by creating stable market relations through attracting and effective use of foreign investment, deeper integration of industry and science & technology sector, expanding foreign economic activities and more effective utilization of the resource capacities at regional level. This raises the importance of statistical analysis allowing for quantitative and qualitative assessment of the phenomena and processes underlying socio-economic trends in regions, for ranking of the country’s regions and ranking of countries in international comparisons. As a consequence, statistical support becomes increasingly important for justifying and making of management decisions on socio-economic development.

A statistical approach to justification of management decisions, including socio-economic programs, is developed by use of the method of statistical equations of dependences.

Key theses of the method of statistical equations of dependences, developed by Professor O. Kulynych, are set out. This method is extensively used in Ukraine and beyond. It enables for quantitative assessment of correlations and tendencies of phenomena and processes in nature and social life. The main tasks dealt with by the method of statistical equations of dependences are solving direct and inverse problems; finding the intensity of the factors’ impact on the dependent variable; constructing graphs of multiple correlations and finding the weight of a selected factor; analysis of functional dependences and correlations; analytical computations on the basis of numerous and not numerous sets of input data.

The main equations of the method that can be solved by software are linear, parabolic, hyperbolic and logical functions, of which a researcher can select the appropriate ones to study a process on the basis of the available parameters and criteria with use of comparison ratios.

Key words: statistical methods, quantitative assessment of correlations, method of statistical equations of dependences, specified levels of factors, program of socio-economic development.



H. P. Kulіsh,

PhD in Economics, Associate Professor,

Associate Professor of Finance Department,

National Academy of Statistics, Accounting and Audit;


V. V. Chepka,

PhD in Economics, Associate Professor,

Associate Professor of Corporate Finance and Controlling Department,

SHEE “Kyiv National Economic University named after Vadym Hetman”


Financial Potential of an Enterprise and its Significance in the

Economically Unstable Environment


Practical aspects of the study of financial potential, its relationship with economic potential of an enterprise, the impact of financial potential of the economic performance and strategic goals of an enterprise are highlighted. It is demonstrated that financial potential takes on the role of lever building the mechanism for transforming resource and production potentials into the financial results of an enterprise. In the current economic conditions characterized by the development of market economy, intensification of globalization and competition, domestic enterprises need to operate more effectively and to focus their activities not only on meeting the current needs in form of profit, but also on planning future performance and building the financial potential. In this context, study of the essential features of financial potential of an enterprise and its relationship with production, innovation, investment, marketing and organizational management potentials has been of special importance.

The study shows that financial potential enables for transforming resource, production, innovation, investment, marketing, organizational and managerial potentials into financial performance results, and is used to achieve strategic and tactical goals of an enterprise. The essential features of financial potential are outlined:

• financial potential is a broader concept than financial resources of an enterprise;

• financial potential is a factor for financial capacity of an enterprise and their implementation in certain circumstances;

• financial potential is a factor for financial stability and competitiveness of an enterprise;

• financial potential is a factor for positive financial result;

• the scopes of financial potential determine the development trend of an enterprise.

Diagnostics of financial potential involves regular financial analysis to determine financial security. Key data on the financial performance of an enterprise need to be used in evaluating the achieved goals and problem solutions in the current period and in the future, in taking balanced management decisions with due account for the provision of investment and reserve finances     

Key words: financial potential, economic potential, resource potential, organization potential, strategic targets.


Т. O. Kamenska,

DSc in Economics, Associate Professor,

Head of the National Center for Accounting and Audit,

National Academy of Statistics, Accounting and Audit,

Certified auditor of Ukraine,

Vice President of the Guild of Professional Internal Auditors of Ukraine


Use of Statistical Methods for Audit Purposes


The issue related with use of statistical methods in practical work of auditors, for sample studies purposes, is discussed. Detailed description of one method, the method of sequential analysis, is given. It is demonstrated that the required conditions for use of the sequential statistical sample is homogeneity of the population elements and the sample representativeness. Recommendations on defining the homogeneity and number of elements in a sample are given. To assure high quality of a sample study, an auditor needs to set the value of reliability or trust, characterizing the level of requirements to the accuracy of the obtained results which are the input for estimating the distortion and the size of population. The risk of sample as a factor affecting the reliability is described, their causal link is highlighted. The elements are sampled by use of the table of random numbers or computer software. Results of tests of sampled elements and estimated parameters of the population are presented in table and graph forms. Results of tests of each population element are estimated by an auditor, with the distortion of the sum of the sample elements taken as the benchmark. Formulae for computation of the required indexes are given, used at each phase of the study. The algorithm for use of the sequential statistical sample in audit for document verification procedures, and the algorithm for estimating the population parameters by the results of a sample study are shown.

Key words: population, sample, auditor, risk, reliability, statistical methods.



M. V. Shchuryk,

 DSc in Economics, Professor;


O. R. Nadraha,

Postgraduate Student;

Ivano-Frankivsk University of Law named after King Danylo Halytskyi


Organization and Economic Principles for Collection, Storage and Utilization of Solid Household Wastes and Garbage: Macroregional Analysis


Processes of collection, processing, removal, storage and utilization of solid household wastes and garbage are analyzed. Problems associated with their organization were aggravating in Ukraine during the transition to the market-based economic model radically changing the waste treatment mechanisms operated in the period of administrative and command system. It is demonstrated that Ukraine still has no well-functioning management system enabling for the civilized treatment of household wastes, including their recycling and utilization. The process of household wastes and garbage removal is disorganized and erratic. The chaotic way of collecting household wastes and garbage, used in many countries as a resource supportive to the economic development, needs to be firmly rejected.

The global practices show that the problems of utilization and reuse of household wastes and garbage can be dealt with through intensive innovating and intellectualization. The effectiveness of solutions to the above problems is also conditional on two key actors: local self-governance bodies and citizens concerned with the matter. Assurance of social and environmental benefits is their necessary component.

By the current organization and economic principles, enterprises active in processing, utilization and storage of household wastes and garbage are assigned the key role in treatment of household wastes. The advanced organization and economic principles for collection, storage and utilization of household wastes and garbage in Ukraine can be introduced once the nation-wide conceptual model for the development of this economic activity is elaborated. It needs to rely upon the Keynesian model that accounts for not only the interests of capital, but conforms, in many ways, to the human values concerned with environmental protection. The mechanism for collection, removal, storage, utilization and processing of solid household wastes and garbage needs to be organized as a full-fledged component of the social reproduction process. The key problem which solution will help adopt the new organization and economic principles for utilization and disposal of wastes is to create the conditions for constructing waste recycling factories, including the system of preferences. As shown by practices of many developed countries, they ensure effective processing and recycling of household wastes and garbage and reduce the land areas required for wastes and garbage placement.

Key words: littering, pollution density, disposal, utilization, ecology, resources, responsibility.



L. Yo. Sozanskyy,

PhD in Economics,

Senior Research Fellow of Department for Development

of Production Sector in Regions and Investment

Institute for Regional Research named after M. I. Dolishniy of the NAS of Ukraine


Statistical Assessment of the Capital Dynamics of Industry in

Ukraine: Inter-regional Comparison


Rational formation of production facilities in the industrial sector constitutes a priority competitive advantage and factor for its competitiveness. The article’s objective is statistical assessment of technological activity in the industrial sector of Ukrainian regions, to highlight patterns of formation and dynamics of fixed assets.

The indicator with critical impact on the dynamics of capital in Ukraine over the period under study is “growth rate of non-current assets”.

Of the Ukrainian regions in 2015, the high dynamics of capital in the industry was recorded only in Mykolaiv region. The regions with the medium dynamics of capital can be divided into three subgroups. The first subgroup covers the regions with high shares of non-current assets in the total industrial assets and high growth rate of non-current assets. The second subgroup includes the regions with medium or high shares of non-current assets in the total industrial assets but low growth rates of non-current assets. The third group includes the regions with high shares of non-current assets in the total industrial assets in parallel with negative growth rates of non-current assets. The regions with the low technological activity can be broken into two subgroups: the first one covers regions with medium shares of non-current assets in the total industrial assets and low growth rates of non-current assets; the second one covers regions with medium shares of non-current assets in the total industrial assets and negative growth rates of non-current assets.

The results demonstrate recovering of dynamics of capital in the industry in Southern regions of Ukraine (Mykolaiv and Odesa regions), and in part of the Western regions (Volyn, Transcarpaty, and Chernivtsi regions), in Vinnytsia region, along with its essential decline in Dnipropetrovsk region and three Western regions (Ivano-Frankivsk, Rivne, and Ternopil regions).

Key words: dynamics of capital, industrial sector of Ukrainian regions, statistical assessment growth rate of fixed assets, share of fixed assets in assets.

O. H. Osaulenko,

Doctor of Public Administration, Professor,

Corresponding Member of the NAS of Ukraine,

Honored Economist of Ukraine,


National Academy of Statistics, Accounting and Audit,

E-mail: [email protected]


Experience of Introduction of National Principles Governing the Activity

 of the State Statistics Bodies of Ukraine


The paper analyzes the role of the Fundamental Principles of Official Statistics in the development of the Ukrainian statistical system and its adaptation to international standards.

The adoption and implementation of the Fundamental Principles, their subsequent development in the European Statistics Code of Practice (2005) and explanation in the National Principles Governing the Activity of the State Statistics Bodies of Ukraine (2010) served as a clear benchmark for setting priorities in the state statistical activity. It should be noted that not all of the principles could be equally easy implemented in the existing statistical practice. Even today, two decades after the adoption of the Fundamental Principles of Official Statistics, there is still a number of debating points in their practical implementation.

Special attention is given to the compilation of the National Principles Governing the Activity of the State Statistics Bodies of Ukraine that are based on the European Statistics Code of Practice and incorporate PARIS21 system of indicators. The principles have been developed and implemented with the goal to create the basis for further strengthening of the institutional capacity of national statistical office, to implement the best practices of the European statistics, and on this basis to enhance user confidence in the official statistics and ensure high-quality statistical information.

Key words: European Statistics Code of Practice, Statistical Standards of Eurostat, National Principles Governing the Activity of the State Statistics Bodies of Ukraine, self-assessment, process-oriented approach.



V. P. Bondar,

DSc in Economics, Professor,

SHEE “Kyiv National Economic University

named after Vadym Hetman”,

Certified auditor,

E-mail: [email protected]


Problems of professional ethics standards of auditors in Ukraine


This study is dedicated to the many problems arising from incompliance by auditors of principles of professional ethics that cause problems not only in the reliability of the published findings, but also cause problems of global mistrust of users of financial statements to the audit profession. This generally creates obstacles to transparency mechanisms for disclosure and verification of information enterprises in Ukraine, not encouraging the formation of good investment climate. The study proved system of organizational support to create an environment to observe the principles of professional ethics in the performance of audit tasks based on measures of specifying and eliminating threats to the independence of the auditor. In this regard, was proposed the structure and substance of the relevant organizational and administrative documentation, which is part of the internal quality control system of audit services.

Key words: audit, audit procedures, professional ethics, ethical principles, threats to independence.



О. А. Zorina,

DSc in Economics,

Professor of Accounting Department;


V. V. Rіabinina,

Postgraduate Student;

National Academy of Statistics, Accounting and Audit


Key Aspects of Corporate Activities Analysis through the Prism

of Domestic Studies


Today, the corporate sector features the considerably higher risks of corporate performance with the accordingly higher standards of accountability for results, which largely depend on objectivity, timeliness and comprehensiveness of assessment of the existing and expected financial performance of corporations. This enhances the role and significance of an important analytical field, the corporate activities analysis.

The role of economic analysis in the context of market economy and globalization can hardly be overestimated, since the analysis permeates all the operative phases of a corporation. It precedes planning of indicators for the next period, helping organize production processes in a rational and reasonable way, improve collection and processing of information on their progress in the accounting system, assess the situation, and formulate important propositions to correct deficiencies and introduce best practices.

Financial analysis is important in the economic operation of a corporation as it enables it to seek reserves to improve its financial condition; to assess the adequacy of use of all the types of financial resources; to take timely measures to improve the solvency, liquidity and financial stability; to ensure optimal production and social development by use of reserves found through the analysis; to develop plans for financial recovery.

Methodology and organization of the corporate activities analysis is conditional on the organization and operation specifics of corporate enterprises. The following characteristics of a corporation are covered by analysis: economic activity; technological and organizational structure; interaction of business units within a corporation; capitalization; budgeting; integration of information system for analysis; variability in the conditions of risk.

The review of studies devoted to corporate activities analysis shows that domestic and foreign experts offer different methods for analysis of financial statements, depending on the goals and objectives of the analysis, available information, technical support, the efficiency of solutions for analytical and management tasks, experience and qualification of staff. The corporate activities analysis will be more objective when new analysis concepts are adopted, focused on the future.

Key words: financial analysis, consolidated financial statements, economic analysis, performance analysis, complex analysis of corporations.



S. V. Selishchev,

PhD in Economics,

Assistant, National Center for Accounting and Audit,

National Academy of Statistics, Accounting and Audit



Methodology for Evaluating the Risks of Activities Termination,

Related with Ineffective Company Management


The author analyses and sums up methodological approaches to evaluating the risks of activities termination, related with ineffective company management, by an auditor. Emphasis is made on identification of problems involved in evaluation of company management effectiveness. A parametric model for management system is built. It is demonstrated that evaluation of the audit risk of ineffective management is a key component (on account of its large share) in evaluating the implicit audit risk related with termination of company’s activities in the foreseeable future, and it can be taken as a proof to the correctness of using the assumption on continuity by management personnel when preparing financial reports.

When the above problems are studied in the audit context, the issue of evaluating the effectiveness of management system and the related risks is quite complicated, because this evaluation cannot be always made by direct way due to the lack of formalized results from quantitative evaluation by type of work. This raises the need for elaboration of a methodology and adaptation of the existing auditor procedures to evaluation of the risks related with ineffective operation of management system.

The objective of the article is to study methodology for evaluating the risks of activities termination, related with ineffective company management. The problem’s importance is substantiated, with demonstrating that methodological approaches practiced by audit today require further development and improvement.

 The proposed approach enables for finding the reasonable relative magnitude of the audit risk of indetection, which becomes a key factor in planning the scopes, terms and contents of auditor procedures.

    Key words: assumption of continuity, audit, audit risk, management system, effectiveness.



V. O. Shevchuk,

DSc in Economics, Professor,

Pro-rector on Research and Teaching Work,

National Academy of Statistics, Accounting and Audit,

E-mail: [email protected]


Natural Foundations for Management of Balanced Economic Development. Part IІ. Components of Capital and Prospects of Their Modernization


      The attempt of M. Rudenko to build an innovative model of economic balance, based, from ontological perspective, on the principles of even and uneven numbers is analyzed. The thesis that conscious management of balanced economic development in the long run, keeping the balance in economic management in particular, needs to be assured in the industries generating absolute wealth and producing relative wealth is discussed. The components of absolute capital and relative capital are highlighted. It is demonstrated that the fundamental natural principle of economic management is keeping with the energy conservation law, within consideration for the energy distinction between the living and the non-living. This fundamental scientific law is central in sustaining the economic balance and economic development in the long run.

    Key words: absolute capital, relative capital, energy of progress, law of social distribution, management of balanced economic development.




O. V. Akilina,

PhD in Economics, Associate Professor,

Associate Professor of Management Department,

Borys Grinchenko Kyiv University


Current Problems of the Public Regulation of Labor Market in Ukraine


The article is devoted to changes of some legislative acts of reform public administration in employment. Analysis and qualitative assessment of the Draft Law of Ukraine “On Amending Certain Legislative Acts of Ukraine to reform of public administration in the employment and social insurance in case unemployment” has been done in the work.

The author considers that in developing of legislative reforms in employment necessary to expand the list of sources of funding for implementing public policy through gradual attracting resources of separate trust funds for the implementation of employment policy. It is necessary to create mechanism for attracting funds from private foundations and differentiate the expenditure of the Fund of Compulsory public social insurance Ukraine in case of unemployment with the allocation of urban and rural units. Implementation of these reforms requires pre reforming of social insurance in case unemployment. In addition greater attention should be paid to the development of methodology measures to facilitate employment and assessment of their effectiveness in the short and long terms.

     Voucher systems can be effectively introduced to the labor market once the labor market actors (local employment offices, education institutions and private sector) interact and the potential users are prepared to accept them (have the required awareness and stimuli). Transfer of voucher systems is possible, but the introduction won’t be effective without well proven practices and due account to the available resources.

     Also, the problem of building social dialog should not be overlooked when elaborating regulatory reforms in the employment. Ways to enhance the effectiveness of social dialogue and activate the positions of all the entities involved in the negotiation process need to be found, in order to preserve the development prospects for the already existing system of social and labor relations, although not quite acceptable for a major part of the Ukrainian community. The social stability in Ukraine is largely dependent on the quality and controllability of the mechanisms underlying the social and labor relations system, and on the capacity of its actors.

     Key words: public regulation, employment, social insurance in case unemployment, active

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