ESTIMATION OF ALTERNATIVE TOTAL BENEFITS AND COSTS FROM FINANCIAL OFFENSE
Abstract
The article evaluates the aggregate costs and benefits of the financial offense by economic entities, estimates the alternative aggregate costs and benefits of the financial
offense. The primary objective of financial malpractice management is the deliberate impact of the entity on the managed entity to achieve the objectives of minimizing financial misconduct.
The effectiveness of the financial management organization's management system is the ability to perform management functions in such a way that the organization achieves its goals by responding promptly to changes in the external and internal environment.
The hypothesis has been formed and proved: with the increase of the established amounts of material losses and the decrease of the compensated, the number and frequency of the committed financial offenses will increase and vice versa. The aggregate established losses of the national economy from the unlawful financial activities of economic entities for January-September 2019 increased by UAH 618216,4 thousand, or 21.3 times. In 2018, they decreased by 3.11% compared to 2017, while in 2017 they decreased by 45.4%. Accordingly, from 2016 to 2018, there was a steady decline in the amount of established material losses, and during January-September 2019 there was an increase due to the detection of financial offenses against other types of lending. And the amount of compensation for material losses has been steadily decreasing, in 2019 it is almost 2.5 times lower than in 2017. The value of the approximation reliability is 0.9191, which indicates a high coincidence of the calculated line with the initial data, which confirms the hypothesis. The straight drop line on the chart shows the decrease in the amount of material loss.
This makes it possible to conclude that the amount of reimbursed amounts for established offenses will be reduced and in 2020 the amounts of reimbursed amounts for financial offenses will decrease and will amount to only UAH 2111 thousand. This will be due to the tendency to reduce the level of financial penalties due to financial offenses committed. The calculated linear trend equation with a high enough probability describes the projected output series of the dynamics of the amounts of compensation for material offenses for financial offenses for the following years.
The expected losses from the implementation of the financial offense do not exceed the benefits accordingly, the principle of «payback of the financial offense» is implemented.
