Dubinina M. V., Doctor of Sciences in Economics, Professor, Head of Department of Accounting and Taxation, Mykolayiv National Agrarian University, Mykolayiv, Ukraine

ORCID ID: 0000-0002-3993-0622
e-mail: dubinina@mnau.edu.ua

Zahorodnii A. H., PhD in Economics, Professor, Head of the Department of Accounting and Analysis, National University «Lviv Polytechnic», Lviv, Ukraine

ORCID ID: 0000-0002-2332-4214
e-mail: dotsenkona@mnau.edu.ua

Bodnar O. A., PhD in Economics, Associate Professor, Department of Finance, Banking and Insurance, Mykolaiv National Agrarian University, Mykolaiv, Ukraine

ORCID ID: 0000-0002-0152-4290
e-mail: bodnarolena1606@gmail.com

Tytarenko A. V., candidate for a higher education degree, Accounting and Finance Faculty, Mykolaiv National Agrarian University, Mykolaiv, Ukraine

ORCID ID: 0009-0000-9738-401Х
e-mail: nastytitarenko@gmail.com

Vintonyak A. A., applicant of the Institute of Economics and Management, National University “Lviv Polytechnic”, Lviv, Ukraine

ORCID ID: 0000-0001-8167-1663
e-mail: adriana.vintoniak.mopah.2024@lpnu.ua

Financial Control of Employee Payments: Risks and Ways to Minimize Them

Abstract. Introduction. Financial control of employee payments is an important management tool for agricultural enterprises, aimed at ensuring the timeliness and legality of payments, minimizing risks, and increasing financial stability.

Purpose. Financial control of employee benefits is an important area of research that covers issues of transparency of financial transactions, automation of accounting, auditing and risk minimization in the context of changes in legislation and economic conditions. The need to improve approaches to financial control through the integration of modern technologies, increasing the transparency of financial processes and adapting enterprises to regulatory changes has been identified.

Results. An analysis of modern methods of financial control of payments to employees of agricultural enterprises was conducted, their effectiveness and compliance with economic conditions were determined. 
The role of automation of accounting processes in increasing the accuracy of payroll calculations, reducing the risk of fraud and ensuring the financial stability of enterprises was studied. The main threats to financial control were identified, including inaccuracies in calculations, technical failures, fraud and non-compliance with regulatory requirements. 
The need to integrate automated accounting systems with personnel management to increase the transparency of financial transactions and optimize personnel management was substantiated. The use of the risk assessment methodology (RAC) as a tool for identifying threats, analyzing them and developing mechanisms for minimizing them was proposed.
A comprehensive approach to financial control, combining digitalization, audit and risk assessment, will contribute to increasing the level of financial discipline and sustainability of the agricultural sector.

Conclusions. Financial control of employee benefits is a key factor in the stability of agricultural enterprises, and its effectiveness depends on the automation of accounting processes, regular audits and compliance with regulatory requirements. The introduction of a risk assessment methodology (RAC) and the integration of accounting, HR and financial systems contribute to minimizing fraud, timeliness of payments and transparency of financial transactions. A comprehensive approach to financial control, including digitalization, risk assessment and internal audit, ensures financial discipline and stability of the agricultural sector.

Keywords: financial control; audit of payments; automation of accounting processes; risk assessment; internal audit; transparency of financial transactions.

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