The current financial situation of both domestic and foreign organizations with a developed corporate network has aggravated the problem of building an effective system to manage payments within the group of organizations. It is also necessary to develop a methodology of accounting for and control of payments in corporate systems able to meet the requirements of
international practice. The article discusses some evidence confirming the need for ongoing payments and the emergence of liabilities in corporate systems. The authors prove that settlements with contractors are the link that transforms any system
of holding type into a single organism, which makes it possible to develop and build an effective management model for such corporate system, reduce tax risks and cut the costs of its maintenance. In their research the authors use the methods of comparison, grouping and analysis of results of activity of corporations on the issues of redistribution of financial resources
within the group and the valuation of liabilities which arise in corporate systems. This results in drawing conclusion about structuring and validity of accounting procedures related to arising, movement of and ending the liabilities in corporate systems. This article intends to stimulate discussion and future research of the problems identified by the research.

Modern social and economic conditions require the development of new approaches to the organization and analysis of an economic entity performance. The article pays special attention to the system of analytical activities standardization in order to meet the information needs of stakeholders. The objective of the study is the author’s development of the system of standardization of the economic entity performance analysis. The methods of system research (analysis and synthesis), comparative analysis, and the method of analogies are used to solve the problems. The study is based on the study of current economic literature and the use of structural analysis. The following results are obtained on the basis of the analysis. First, the special features of analytical procedures as an object of standardization were identified. These features are the starting point to develop a system of economic analysis standardization. Second, the algorithm of standardization of management activities was formulated. This algorithm is a basis to build a system of economic analysis standards. Third, a model of interaction between the main groups of stakeholders and the economic entity in terms of analytical activity standardization is proposed and the need to standardize the analysis of financial and nonfinancial characteristics of business quality of the object under analysis is proved. Fourth, the process of analytical activities standardization is developed. The system of indicators to assess the quality of the system of standardization for analytical procedures is offered. The development of the standardization system of the business performance analysis is a very promising direction to improve the quality of business. Standardization of economic analysis opens up great opportunities to improve the quality of activities of economic entities, regardless of the specific scope of the evaluation study.

The article considers the problem of developing a structured theory of audit. To that end the author develops the structure of a scientific theory in audit, introduces assumptions and axioms, modifies and complements audit postulates, refines the essence of audit and provides the author’s understanding of the “reliability” principle as a target criterion in audit. When developing the theory of audit the author clarifies such notions as “subject” and “object” of audit considering
them in relation to theoretic and methodological concepts of accounting. The article systemizes the principles of auditing, offers new audit methods, supplements the list of prerequisites of financial reporting preparation and extends the range of analytic procedures. The financial (accounting) reports of an entity which are mainly historical do not always meet the needs of their users. In this regard the author proposes to supplement the concept of confirming the historical financial (accounting) reports with the concept of sustainable development of the entity.

In consolidated accounting the reflection of the financial results of the valuation and the accounting processes can present a challenge. That requires the development of special procedures of the joint accounting of financial results of the hedging that are consistent with the provisions of IFRS.

There is a typical situation, characterized by the following components: internal hedging operations initiated by subsidiaries to the parent company create open positions with different parameters for the parent company; maternal unit of the company responsible for the management of financial risks at the general group level, in order to eliminate the negative consequences of the changes of conditions for the groups in the market, can hedge transactions by buying a single forward contract with significantly different from intra-group transactions parameters.

The need to develop special procedures of joint financial hedging results, consistent with the provisions of certain IFRS standards has been proven in the article. Within the limits of tasks there have been designed and documented evaluation procedures for joint accounts for hedge accounting fair value and cash flow hedging contracts groups formed as a purely financial articles, and non-financial articles. With a view to the practical implementation of the evaluation procedures there have been proposed the methods of assessment of corresponding objects of accounting as well as the aspects of hedge effectiveness criteria have been investigated.

The article systematizes the impact of the digital economy development on the following aspects related to financial reporting: the operational information used; preparation and processing of input information for compiling reporting forms; interpretation of financial statements; presentation of output information; processing and use of information that financial statements include. The article analyzes the problem of the relationship between the development of the digital economy and ensuring the qualitative characteristics of financial statements, such as relevance, predictive value, confirming value, materiality, fair representation, completeness, neutrality, comparability, verifiability, timeliness, clarity and being error-free. The article proposed the authors’ vision of the development of approaches to the formation and presentation of financial statements under the influence of increasing digitalization of the economy. The article justifies the possibility of presenting financial reports in a modified digital format using the user menu. This menu allows the users to get additional information on the activities of the organization, the regulatory framework used; calculate the indicators using alternative methods, compute the ratios for economic analysis on the basis of these indicators, make a forecast for the organization’s prospects, interact on-line with those who compile reports.

The aim of the study is to form a set of accounting and calculation tools to reflect information about production losses, ensuring the adoption of operational management decisions. Application of methods of observation, system analysis, classification and grouping provided the possibility of modernization of existing methods and methods of data generation in the segment of information space management of economic entities of manufacturing industries. Improvement of methodological approaches of structuring and use of information base of development of management actions from subjects of management of the enterprises of processing industries for the purpose of reduction or elimination of production losses allow, with a high degree of efficiency and reliability, to manage production resources of the organization, to increase efficiency of production activity.

The article deals with the modern trends in both the international and Russian educational systems, as well as the trends in the rankings of universities. There were studied and introduced domestic rankings of universities, created by the media and professional communities, the most famous of which are the Expert RA rating and rating of “Interfax”. The most reliable domestic rating that has passed an independent auditing procedure has become the Moscow International University ranking “The three University missions” (MosIUR). The article justifies the necessity for the development of the Russian system of ranking of domestic and foreign universities, which will improve the political status of Russia and motivate universities to compete. As part of the improvement and development of “The three University missions” rating there has been proposed the group rating of universities. The proposed recommendations for the formation of ranking groups for universities are acceptable not only for MosIUR but also for the ranking systems of universities such as Expert RA rating and Interfax, as well as other domestic and foreign media, agencies and professional communities.

The influence of liquidity risks on the sustainable development of a company is analyzed in the article. Herewith, the stages of financial strategy integration and sustainable development strategy are singled out. The first stage presupposes the maintenance of current financial sustainability. The second stage concerns long term financial sustainability. At the third stage we propose to consider the category of financial sustainability in the context of sustainable development in the process of value creation of the business. In doing so, we suggest considering the maintenance of financial sustainability as a complex notion in accordance with the demands of the main stakeholders including the satisfaction of the business owners. On each stage of the financial strategy integration we single out certain liquidity risks. In doing so, we describe the interconnection between the liquidity risks and the sustainable development of an economic entity with help of the category of financial sustainability. We suggest an analytical instrument which enables us to analyse the influence of liquidity risks on the sustainable development of an economic entity on each stage of financial strategy and sustainable development strategy integration. The methods suggested in the article are based on quality and quantity estimates. When working out the analytical instrument we took into consideration the fact that the appearance of liquidity risks is explained by investments in sustainable development of a commercial organization as well as by neglect of investments in different types of sustainability. The quality method was worked out on the basis of the criteria of sustainable development in accordance with the GOST (All-Union State Standard) ISO 26000–2012 and GRI. The analysis methods we suggest to measure the influence of liquidity risks on the sustainable development of a commercial organization are complementary to the existent methods of estimating and managing risks, known as the ERM methodology. Moreover, the methods we suggest in the article follow the concept of the ERM methodology, which is based on the assumption that risks do not only constitute a threat to the continuity of economic activity but also to the opportunity of further development with effective risk management. The analytical instrument in question is presented in an aggregative form therefore can be used by outside users of financial reports.

The paper presents the results of the analysis and evaluation of the design of the control over the main banking business process, namely the process of providing a loan to a legal entity, client of the bank. This study encompasses the analysis of the main risks accompanying the loan application process and control procedures which make it possible to minimize the existing critical risks and stabilize, in general, the operation of the lending mechanism. The results of the analysis of the business process allow the authors to propose certain methods for visualization and decomposition of the process.