Prof. Dr. Assen Zlatarov University National University of Life and Environmental Sciences of Ukraine VІ INTERNATIONAL SCIENTIFIC AND PRACTICAL CONFERENCE «UKRAINE, BULGARIA, EU: ECONOMIC AND SOCIAL DEVELOPMENT TRENDS» 26 August, 2022 Burgas, Bulgaria The collection of conference materials included the reports that became the subject of discussion by the participants of the VІ International Scientific and Practical Conference "Ukraine, Bulgaria, EU: Economic and Social Development Trends", held in Burgas (Bulgaria) on August 26, 2022 at the University “Prof. Dr. Arsen Zlatarov ". Conference materials may be of interest to researchers, teachers, researchers, students of higher educational institutions. The Organizational committee of the VI International Scientific and Practical Conference "Ukraine, Bulgaria, EU: Economic and Social Development Trends" does not always share the point of view expressed in the reports of the conference participants. In the collection, the spelling, punctuation and stylistics that were proposed to the conference participants are preserved as accurately as possible. The participants of the conference, their supervisors, reviewers and structural divisions of higher educational institutions and institutions, which recommended these materials for publication, bear full responsibility for the reliability and quality of the presented material. Ukraine, Bulgaria, EU: Economic and Social Development Trends: materials VІ International Scientific and Practical Conference (Burgas, Bulgaria, 26 August 2022 y.) Burgas: Avangard Prima, 2022. 235 p. ISBN Avangard Prima 2022 VІ International Scientific and Practical Conference «Ukraine, Bulgaria, EU: economic and social development trends» 3 ЗМІСТ СЕКЦІЯ 1. УПРАВЛІННЯ НАЦІОНАЛЬНОЮ ЕКОНОМІКОЮ ТА ЕКОНОМІКОЮ ПІДПРИЄМСТВ Вихристюк О.В., докторант, Университет „Проф. д-р Асен Златаров” - Бургас, България АНАЛИЗ НА НАЦИОНАЛНАТА ПОЛИТИКА НА РЕПУБЛИКА БЪЛГАРИЯ В ПРО-ЦЕСА НА СОЦИАЛНО – ИКОНОМИЧЕСКО РАЗВИТИЕ НА ЧЕРНОМОРСКИЯ РЕГИОН И ЗАПАДНИТЕ БАЛКАНИ 10 Власюк С.А., к.е.н., доцент, Уманський національний університет садівництва, Україна ОЦІНЮВАННЯ ПОТЕНЦІАЛУ РОЗВИТКУ КРАУДФАНДИНГУ В УКРАЇНІ 14 Zhuk Olena, PhD in Economics, Associate Professor, State University of Trade and Economics, Ukraine, Ukraine MANAGEMENT OF THE CREDITWORTHINESS OF BUSSENESES IN CONDITIONAL OF MARTIAL LAW 20 Смутчак З.В., д.е.н., професор Льотна академія НАУ, Україна МІГРАЦІЯ ТРУДОВИХ РЕСУРСІВ ЯК КЛЮЧОВИЙ ФАКТОР ІНВЕСТИЦІЙ В ЕКОНОМІКУ УКРАЇНИ 25 Климаш Н. І., к.е.н., доцент, Національний університет харчових технологій, Україна ТЕОРЕТИКО-МЕТОДИЧНІ ЗАСАДИ ФОРМУВАННЯ ДОХОДІВ БЮДЖЕТУ В УМОВАХ РЕФОРМУВАННЯ РИНКУ ЗЕМЛІ В УКРАЇНІ 27 Oliinyk Alina, PhD in Economics, Associate Professor, Poltava State Agrarian University, Ukraine COST MANAGEMENT PROCESS 33 Oliinyk Oleh, PhD in Economics, Associate Professor, Dnipro State Agrarian economical University, Ukraine THE FINANCIAL ASPECT OF INTERACTION OF THE BANKING SYSTEM WITH THE REAL SECTOR OF THE NATIONAL ECONOMY 36 Коценко М.С., здобувач освітньо-наукового ступеня доктор філософії, Поліський національний університет, Україна КОНКУРЕНТНЕ СЕРЕДОВИЩЕ ВИРОБНИКІВ ОРГАНІЧНОЇ ПРОДУКЦІЇ В УКРАЇНІ: ОСНОВНІ ТЕНДЕНЦІЇ ТА ПЕРСПЕКТИВИ РОЗВИТКУ 38 https://ampua.org/novyny/trudovi-migranti-ie-naybilshim-invest/ VІ International Scientific and Practical Conference «Ukraine, Bulgaria, EU: economic and social development trends» 4 Войцехівська С. І., аспірант, Національний університет біоресурсів і природокористування України, Україна ТІНЬОВА ЕКОНОМІКА В СВІТІ: ТЕНДЕНЦІЇ ТА РЕГІОНАЛЬНІ ОСОБЛИВОСТІ 45 Lisnichuk Vitaliy, PhD student, National University of Life and Environmental Sciences of Ukraine, Ukraine INVESTMENT PROVIDING AGRICULTURAL ENTERPRISES 49 Oliinyk Tetiana, PhD in Economics, Associate Professor, Dnipro National Oles Honchar University, Ukraine ASSESSMENT OF BUSINESS ACTIVITY IN ENTERPRISE MANAGEMENT 51 Мірзоєва Т.В., д.е.н., доцент, Національний університет біоресурсів і природокористування України, Україна Ткач Н.М., аспірант, Національний університет біоресурсів і природокористування України, Україна АНАЛІЗ ЗАРУБІЖНОГО ДОСВІДУ РОЗВИТКУ ЛІКАРСЬКОГО РОСЛИННИЦТВА 53 Vavdiichyk I.N.,PhD (Economics), docent, State University of Trade and Economics, Ukraine Guliaieva N. N., PhD (Economics), professor, State University of Trade and Economics, Ukraine DIRECTIONS OF RECOVERY OF UKRAINE'S ECONOMY 57 Tiurina Alona, PhD in Economics, Associate Professor, National University of Life and Environmental Sciences of Ukraine, Ukraine MECHANISM OF IMPLEMENTATION OF CORPORATE SOCIAL RESPONSIBILITY FOR UKRAINIAN ENTERPRISES 62 Todorova, T.N., PhD student, University “Prof. Asen Zlatarov”- Burgas, Bulgaria THE EFFECTS OF SUPPLY CHAIN DISRUPTIONS ON MARKETING ACTIVITY IN THE CONTEXT OF COVID-19 68 Шевченко Н.Ю., к.е.н., доцент, Національний університет біоресурсів і природокористування України, Україна АДАПТАЦІЯ МИТНО-ТАРИФНОГО РЕГУЛЮВАННЯ ЗОВНІШНЬОЕКОНОМІЧНИХ ОПЕРАЦІЙ ДО ВИМОГ ЄВРОІНТЕГРАЦІЇ 71 СЕКЦІЯ 2. ФІНАНСИ, БАНКІВСЬКА СПРАВА ТА СТРАХУВАННЯ Biliak Yliia, PhD in Economics, Associate Professor, National University of Life and Environmental Sciences of Ukraine, Ukraine 74 VІ International Scientific and Practical Conference «Ukraine, Bulgaria, EU: economic and social development trends» 5 CONFLICT MANAGEMENT IN ORDER TO INCREASE THE FINANCIAL SECURITY OF THE ENTERPRISE Boyko Svitlana, PhD in Economics, Associate Professor, National University of Food Technologies, Ukraine VOLATILITY OF YIEL FOR DG BONDS ON THE UKRAINIAN FINANCIAL MARKET 80 Lyshtvan Dmytro, PhD student, National University of Life and Environmental Sciences of Ukraine, Ukraine FINANCIAL ACCOUNTING AS A BASIS FOR FINANCIAL MANAGEMENT INFORMATION 84 Buriak Alina, PhD in Economics, Associate Professor, National University of Life and Environmental Sciences of Ukraine, Ukraine Demianenko Inna, PhD in Economics, Associate Professor, National University of Food Technologies, Ukraine APPLICATION OF CONVERSION BONDS IN FINANCING OF FINANCIAL SUSTAINABLE ENTERPRISES 89 Buriak Alina, PhD in Economics, Associate Professor, National University of Life and Environmental Sciences of Ukraine, Ukraine Nevhad Bohdan, Student, National university of life and environmental sciences of Ukraine, Ukraine PROBLEMS OF EQUITY FORMATION OF UKRAINIAN ENTERPRISES 93 Masimli Narmin Afiq, doctoral student, Azerbaijan State Economic University UNEC Elsevar Guliyev Nizami, Associate professor,Azerbaijan State Economic University UNEC PRACTICAL ASPECTS OF THE CAPITAL STRUCTURE THEORIES 97 Буткевич Т.В., аспірант, Національний університет біоресурсів і природокористування України, Україна ЗАРУБІЖНИЙ ДОСВІД УПРАВЛІННЯ ДЕРЖАВНИМ БОРГОМ 104 Vorobei Ruslan, PhD student, National University of Life and Environmental Sciences of Ukraine, Ukraine ASSESSMENT OF UKRAINIAN AGRO-INDUSTRIAL COMPANIES’ FINANCIAL STABILITY 108 Davydenko Nadiia, Doctor of Science, Economics, Professor, National University of Life and Environmental Sciences of Ukraine, Ukraine Wasilewska Natalia, Doctor of Science, Economics, Professor, Jan Kochanowski University in Kielce, Poland INVESTMENT ACTIVITIES OF THE ENTERPRISE AND 113 VІ International Scientific and Practical Conference «Ukraine, Bulgaria, EU: economic and social development trends» 6 SOURCES OF ITS FINANCING Salome Dumbadze, Niko Leonidze, Bachelor’s degree in Business Administration, Batumi Shota Rustaveli State University, Georgia G.D. Abuselidze, Doctor of Economics, Professor (scientific supervisor), Batumi Shota Rustaveli State University, Georgia BILATERAL DEMAND-SUPPLY SHOCK TO THE WORLD ECONOMY: EMPIRICAL ANALYSIS AND FUTURE FORECASTS 119 Zharikova Оlena, PhD in Economics, Associate Professor, National University of Life and Environmental Sciences of Ukraine, Ukraine Pashchenko Oksana, PhD in Economics, Associate Professor, National University of Life and Environmental Sciences of Ukraine, Ukraine Zharikova Anna, student, National University of Life and Environmental Sciences of Ukraine, Ukraine SPECIFICS OF FOREIGN EXPERIENCE IN MORTGAGE LENDING ADAPTATION IN UKRAINE: CURRENT STATE AND PROSPECTS OF DEVELOPMENT 121 Кosova Tetiana, Doctor of Economics, Professor, National Aviation University, Ukraine Lemishko Оlena, Doctor of Economic Sciences, Associate Professor, National University of Life and Environmental Sciences of Ukraine, Ukraine Shevchenko Anatoly, Doctor of Agricultural Sciences, Professor, Academician of National academy of agrarian sciences of Ukraine, Luhansk Taras Shevchenko National University, Ukraine FINANCIAL ARCHITECTURE AS A MODEL OF FINANCIAL SYSTEM FUNCTIONING 133 Korol Anatolii, PhD student, National University of Life and Environmental Sciences of Ukraine, Ukraine ROLE AND PLACE OF INDIRECT TAXES IN FILLING THE STATE BUDGET OF UKRAINE 136 Лісун Я.В., к.е.н., доцент, Державний торговельно- економічний університет,Україна Алданькова Г.В., к.е.н., доцент, Державний торговельно- економічний університет, Україна Коноплянникова М.А., к.е.н., доцент, Державний торговельно-економічний університет, Україна ФІНАНСОВІ ІНДИКАТОРИ ФУНКЦІОНУВАННЯ СИСТЕМИ ОСВІТИ В УКРАЇНІ ТА ПОЛЬЩІ 138 VІ International Scientific and Practical Conference «Ukraine, Bulgaria, EU: economic and social development trends» 7 Maksymkin Vadym, PhD student, National University of Life and Environmental Sciences of Ukraine, Ukraine THE ESSENCE OF FINANCIAL SECURITY: THEORETICAL ASPECTS 143 Kaplia Oleksii, PhD student, National University of Life and Environmental Sciences of Ukraine, Ukraine ASSESSMENT OF FINANCIAL STABILITY OF AGRICULTURAL ENTERPRISES 148 Мрачковська Н.К., к.е.н., доцент, Національний університет біоресурсів і природокористування України, Україна Олійник Л.А., к.е.н., доцент, Національний університет біоресурсів і природокористування України, Україна АНТИКРИЗОВЕ ФІНАНСОВЕ УПРАВЛІННЯ ПІДПРИЄМСТВ У СУЧАСНИХ УМОВАХ 150 Pinchuk Maksym, PhD student, National University of Life and Environmental Sciences of Ukraine, Ukraine AMORTIZATION AS A SOURCE OF EASY REPRODUCTION OF CAPITAL IN INVESTMENT ACTIVITY OF ENTERPRISES 153 Подик С.О., аспірант, Національний університет біоресурсів і природокористування України, Україна ФІНАНСОВО-КРЕДИТНЕ ЗАБЕЗПЕЧЕННЯ АГРАРНИИХ ПІДПРИЄМСТВ В УМОВАХ ВОЄННОГО СТАНУ 157 Skrypnyk Halyna, PhD in Economics, Associate Professor, National University of Life and Environmental Sciences of Ukraine, Ukraine MAIN DIFFERENCES AND BENEFITS OF LEASING WITH A BANK LOAN FOR AGRICULTURAL ENTERPRISES OF UKRAINE 163 Skrypnyk Halyna, PhD in Economics, Associate Professor, National University of Life and Environmental Sciences of Ukraine, Ukraine Siranchuk Rosyna, master students, National University of Life and Environmental Sciences of Ukraine, Ukraine FORMATION OF THE FINANCIAL STRATEGY OF THE ENTERPRISE 170 Tsehelnyk Viacheslav, PhD student, National University of Life and Environmental Sciences of Ukraine, Ukraine PROBLEMS OF FINANCING INVESTMENTS IN THE AGRICULTURAL SECTOR OF THE ECONOMY OF UKRAINE 172 VІ International Scientific and Practical Conference «Ukraine, Bulgaria, EU: economic and social development trends» 8 Summar Dmytro, PhD student, National University of Life and Environmental Sciences of Ukraine, Ukraine FOREIGN EXPERIENCE OF FINANCIAL SUPPORT OF AGRICULTURAL SECTOR ENTERPRISES 176 Titenko Zoia, PhD in Economics, Associate Professor, National University of Life and Environmental Sciences of Ukraine, Ukraine RISKS IN THE SYSTEM OF ENSURING FINANCIAL SECURITY OF AGRICULTURAL ENTERPRISES 182 Sheludko S.A., PhD in Economics, Associate Professor, Pivdenny Bank PJSC, Ukraine VELOCITY OF KEY POLICY RATE IMPACT ON THE COST OF CAPITAL IN TERMS OF EXISTENTIAL SHOCKS 189 СЕКЦІЯ 3. БУХГАЛТЕРСЬКИЙ ОБЛІК ТА ОПОДАТКУВАННЯ: НАЦІОНАЛЬНІ ОСОБЛИВОСТІ І СВІТОВІ ТРЕНДИ Boyko Svitlana, PhD in Economics, Associate Professor, National University of Food Technologies, Ukraine Buriak Alina, PhD in Economics, Associate Professor, National University of Life and Environmental Sciences of Ukraine, Ukraine Demianenko Inna, PhD in Economics, Associate Professor, National University of Food Technologies, Ukraine PROBLEMS OF CORPORATE TAX BUDGETING: EVIDENCE FROM UKRAINE 196 Koleva Y., PhD, Assoc. Prof. University “Prof. Assen Zlatarov” - Burgas, Bulgaria CALCULATION OF MOLECULAR PROPERTIES OF SOME CONDENSED THIOPHENES 202 Духновська Л.М., к.е.н., доцент, Національний університет харчових технологій, Україна ОПТИМІЗАЦІЯ ОБЛІКОВИХ ТА КОНТРОЛЬНИХ ПРОЦЕСІВ ОПЛАТИ ПРАЦІ НА ПІДПРИЄМСТВІ 206 Собченко Т.С., к.е.н., доцент, Національний університет біоресурсів і природокористування України, Україна ДЕМАТЕРІАЛІЗАЦІЯ БІЗНЕС ПРОЦЕСІВ ЯК ІНСТРУМЕНТ СОЦІАЛЬНО-ЕКОНОМІЧНОГО ВІДНОВЛЕННЯ УКРАЇНИ 211 СЕКЦІЯ 4. СУЧАСНІ ДОСЛІДЖЕННЯ В СФЕРІ ГУМАНІТАРНИХ І ЮРИДИЧНИХ НАУК В КОНТЕКСТІ ЄВРОІНТЕГРАЦІЇ VІ International Scientific and Practical Conference «Ukraine, Bulgaria, EU: economic and social development trends» 9 Жечева, Х. К. д-р, гл. асистент, Университет „Проф д-р Асен Златаров”, Бургас, България Колева, Я. К., доц.д-р, Университет „Проф д-р Асен Златаров”, Бургас, България ЕФЕКТИВНО УПРАВЛЕНИЕ НА РИСКА ПРИ ПРОВЕЖДАНЕ НА УЧЕБЕН ХИМИЧЕН ЕКСПЕРИМЕНТ 213 Жечева, Х. К., д-р, гл. асистент, Университет „Проф д-р Асен Златаров”, Бургас, България ВЪЗМОЖНОСТИ ЗА РЕАЛИЗИРАНЕ НА МОТИВАЦИОННИЯ ПОТЕНЦИАЛ НА УЧЕБНИЯ ХИМИЧЕН ЕКСПЕРИМЕНТ 217 Сеньківська Г. Я., к. іст. н., викладач, КОГПА ім. Тараса Шевченка, Україна ВПЛИВ ПОЛІТИКО-ФІНАНСОВИХ МАНІПУЛЯЦІЙ НА СВІДОМІСТЬ СУЧАСНОГО СУСПІЛЬСТВА 221 Скакальська І. Б., д. іст. н., професор, КОГПА ім. Тараса Шевченка, Україна РОЗВИТОК ВИЩОЇ ОСВІТИ В ГРОМАДІ ЯК УМОВА СТАЛОГО РОЗВИТКУ 227 Янакиева, А., д-р, гл. ас., Университет „Проф. д-р Асен Златаров“, България ПРИЛАГАНЕ НА ЕКИПНИЯ ПОДХОД В ПРОЦЕСА НА ПРОМЯНА 231 VІ International Scientific and Practical Conference «Ukraine, Bulgaria, EU: economic and social development trends» 80 Boyko Svitlana, PhD in Economics, Associate Professor, National University of Food Technologies, Ukraine VOLATILITY OF YIELD FOR DG BONDS ON THE UKRAINIAN FINANCIAL MARKET Introduction. The Government of Ukraine uses various sources of loans to cover the budget deficit. These are bonds of the domestic government loan (DG bonds), bonds of the foreign government loan (FG bonds), loans from the National Bank of Ukraine, loans from the international financial organizations (NEFCO, IBRD, EIB, IMF, EBRD, etc.), loans from foreign governments (UK, Germany, Poland, Russia, USA, France, Japan, etc.). The DG bonds is the largest in the structure of the government debt of Ukraine. The DG bonds share in the debt structure ranged from 40 to 47% in the last decade [1]. The problem of formation of yield for DG bonds is relevant because of its importance of DG bonds in financing the budget deficit. Analysis of recent researches and publications. Many studies investigate the issue of yield of government bonds. Heryan, Ziegelbauer investigate volatility of yields of government bonds among GIIPS countries during the sovereign debt crisis in the Euro Area [2]. Trinh, Nguyen, Ngo investigate of Vietnam government bond yield volatility using the GARCH approach [3]. Volatility spillover effect of government bonds and stock market are investigated M. Faniband and T. Faniband [4]. Umar, Manel, Riaz, Gubareva use a TVP-VAR approach to investigate the dynamic spillovers of risk and volatility of US bonds during the Covid-19 pandemic [5]. Regarding the problems of volatility of pricing on the Ukrainian financial market, there is a scientific discussion, which is reflected in the writings of Ukrainian scientists (Burtniak and Suduk [6], Liubkina [7], Yastremskyi [8]). Purpose of the study is to investigate the volatility of yield for DG bonds on the Ukrainian financial market. Materials and methods of research. Our empirical analysis employs a sample consisting of yearly data on DG bonds which are denominated in UAH, USD, EUR for the period from 2011 to 2021. In this study, the data comprise DG bonds with a 1-year, 1-3-years, 3-5-years and more than 5-year maturity range. The DG bonds yield available in the official websites of the National Bank of Ukraine and the Ministry of Finance of Ukraine. Volatility is a statistical measure of the dispersion of returns for a given security or market index. Volatility is often measured as either the standard deviation (S) or variance between returns from that same security or market index [9]. One measure of the relative volatility of a particular stock to the market is its beta (β). A beta approximates the overall volatility of a security's VІ International Scientific and Practical Conference «Ukraine, Bulgaria, EU: economic and social development trends» 81 returns against the returns of a relevant benchmark (usually the S&P 500 is used) [9]. In this study, A beta approximates the overall volatility of the DG bonds yield against the returns of a relevant benchmark (PFTS Index or UX Index). Results of the research and their discussion. The Government of Ukraine issued DG bonds during all the studied years in UAH and USD. In 2012-2014 and 2016-2021, EUR DG bonds were issued. The average annual UAH DG bonds yield fluctuated from 9.16% to 17.79%; the average annual USD DG bonds yield fluctuated from 3.38% to 8.92%; the average annual EUR DG bonds yield fluctuated from 2.27% to 7.50%. We investigated the dynamics of the average annual DG bonds (figure 1). Fig. 1. The Ukrainian DG bonds yield in 2011-2021 There is no correlation between UAH DG bonds yield and USD DG bonds/EUR DG bonds. Therefore, the dynamics of the average annual UAH DG bonds yield were determined as a wave-like: 2011-2014 was increase of UAH DG bonds yield, 2014-2016 was decrease of UAH DG bonds yield, 2017-2018 was increase of UAH DG bonds yield, 2019-2020 was decrease of UAH DG bonds yield. Also the dynamics of the average annual USD DG bonds yield were determined as a wave-like. Regression analysis of the average annual Ukrainian DG bonds yield (YUAH DG bonds, YUSD DG bonds) and coefficient of determination (R2 = 0,76) indicate the reliability of polynomial models (formula 1, formula 2). YUAH DG bonds = 0,005x6 - 0,16x5 + 2,17x4 - 13,92x3 + 43,16x2 - 57,89x + 36,10 (1) YUSD DG bonds = -0,0003x6 + 0,01x5 - 0,18x4 + 1,25x3 - 4,28x2 + 5,93x + 6,30 (2) 9,17 12,94 13,13 13,98 13,07 9,16 10,47 17,79 16,93 10,20 11,34 8,92 8,92 7,63 5,80 8,74 7,29 4,80 5,97 5,88 3,38 3,75 4,80 4,80 7,50 4,00 3,95 4,22 3,37 2,27 2,450 5 10 15 20 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 A v er a g e a n n u a l y ie ld , % Years UAH DG bonds USD DG bonds EUR DG bonds VІ International Scientific and Practical Conference «Ukraine, Bulgaria, EU: economic and social development trends» 82 Standard deviation of the average annual UAH DG bonds yield was 2.89. This is the maximum value of the average annual DG bonds yield by type of currency. Standard deviation of the average annual USD DG bonds yield was 2.00 and the average annual EUR DG bonds yield was 1.55. We have established a relationship between the level of volatility and the currency of the DG bonds. A higher level volatility of the average annual DG bonds bond is inherent in currencies with a higher level volatility of exchange rate. The average annual UAH DG bonds yield with a 1 year maturity fluctuated from 7.02% to 18.40% (standard deviation was 4.02). The average annual UAH DG bonds yield with 1-3 years maturity fluctuated from 9.32% to 17.85% (standard deviation was 3.22). The average annual UAH DG bonds yield with 3-5 years maturity fluctuated from 8.75% to 16.74% (standard deviation was 2.37). This is the minimum value of the standard deviation of the average annual UAH DG bonds. The average annual UAH DG bonds yield volatility of medium-term bonds was the lowest. Table 1 The Ukrainian DG bonds yield in 2011-2021 by maturity and currency, % Years UAH DG bonds yield, % including by maturity USD DG bonds yield, % including by maturity to 1 year from 1 to 3 years from 3 to 5 years more than 5 years to 1 year from 1 to 3 years from 3 to 5 years 2011 9.17 7.93 9.57 8.75 9.30 8.92 8.92 2012 12.94 13.55 12.22 14.29 14.22 8.92 9.30 8.87 2013 13.13 7.02 9.32 14.26 14.19 7.63 5.18 7.90 7.50 2014 13.98 13.11 16.75 13.57 15.50 5.80 5.78 8.10 2015 13.07 17.00 16.66 8.74 8.74 2016 9.16 16.64 17.85 16.74 6.50 7.29 7.29 2017 10.47 15.23 14.89 15.11 4.80 5.00 4.74 2018 17.79 17.92 16.18 15.87 5.97 5.90 6.13 2019 16.93 18.40 16.73 13.11 15.31 5.88 6.50 5.16 2020 10.20 10.05 10.62 10.98 9.80 3.38 3.34 3.54 2021 11.34 10.68 11.75 12.32 12.95 3.75 3.67 3.81 The average annual UAH DG bonds yield with more 5 years maturity fluctuated from 6.50% to 15.50% (standard deviation was 3.29). The Ukrainian DG bonds yield in 2011-2021 by maturity and currency are given in table 1. In such a way, volatility of yield for UAH DG bonds on the Ukrainian financial market was the maximum in the short-term period. Volatility of yield for UAH DG bonds was the minimum in the medium-term period. In the long- term period, volatility of UAH DG bonds yield increased compared to the medium-term period. VІ International Scientific and Practical Conference «Ukraine, Bulgaria, EU: economic and social development trends» 83 The structure of Ukrainian public debt is formed in such a way that long- term borrowing prevails. The share of long-term UAH DG bonds was friom 69.5% to 56.7%. Indicators of volatility of yield for UAH DG bonds in the long term are informative for investors. We made the same conclusions about volatility of yield for USD DG bonds: volatility of yield for USD DG bonds on the Ukrainian financial market was the maximum in the short-term period. Volatility of yield for USD DG bonds was the minimum in the medium-term period. Further, it requires research on the relationship between volatility of yield for DG bonds and macrofinancial indicators (PFTS Index, government deficit, public debt) and macroeconomic indicators (consumer price indices, deflators of gross domestic product). Correlation statistic (table 2) proves the absence of a connection between yield for DG bonds and macrofinancial indicators, macroeconomic indicators. Table 2 Correlation statistic UAH DG bonds yield, % PFTS Index Consumer price indices, % Government deficit, % of expenditures Public debt, billion USD Deflators of gross domestic product, % UAH DG bonds yield, % 1,0000 PFTS Index 0,2641 1,0000 Consumer price indices, % 0,0008 -0,4327 1,0000 Government deficit, % of expenditures -0,0351 0,0215 -0,4364 1,0000 Public debt, billion USD 0,1469 0,4315 -0,1131 0,2154 1,0000 Deflators of gross domestic product, % -0,1548 -0,2746 0,9143 -0,5519 0,0333 1,0000 Conclusions and future perspectives of the study. The DG bonds is the largest in the structure of the government debt of Ukraine. The Government of Ukraine issued DG bonds during all the studied years in UAH, USD and EUR. The average annual UAH DG bonds yield fluctuated from 9.16% to 17.79%; the average annual USD DG bonds yield fluctuated from 3.38% to 8.92%; the average annual EUR DG bonds yield fluctuated from 2.27% to 7.50%. Standard deviation of the average annual UAH DG bonds yield was 2.89. This is the maximum value of the average annual DG bonds yield by type of currency. Volatility of yield for UAH DG bonds on the Ukrainian financial market was the maximum in the short-term period. But the long-term DG bonds prevails. VІ International Scientific and Practical Conference «Ukraine, Bulgaria, EU: economic and social development trends» 84 Correlation statistic proves the absence of a connection between yield for DG bonds and macrofinancial/macroeconomic indicators. References: 1. State Debt and State Guaranteed Debt. https://www.mof.gov.ua/en/derzhavnij- borg-ta-garantovanij-derzhavju-borg 2. Heryán, T., & Ziegelbauer, J. (2016). Volatility of Yields of Government Bonds Among GIIPS Countries During the Sovereign Debt Crisis in the Euro Area. Equilibrium. Quarterly Journal of Economics and Economic Policy, 11(1), pp. 61-74, DOI: doi: 10.12775/ EQUIL.2016.003 3. Trinh, Q. T., Nguyen, A. P., Nguyen, H. A., Ngo, P. T. (2020). Determinants of Vietnam Government Bond Yield Volatility: a GARCH Approach. Journal of Asian Finance, Economics and Business, 7, pp. 15-25. doi: 10.13106/jafeb.2020.vol7.no7.015 4. Faniband, M., Faniband T. (2021). Government Bonds and Stock Market : Volatility Spillover Effect. Indian Journal of Research in Capital Markets, January – June, pp. 61-71. doi: 10.17010/ijrcm/2021/v8i1-2/165087 5. Umar, Z., Manel, Y., Riaz, Y., Gubareva, M. (2021). Return And Volatility Transmission Between Emerging Markets and US Debt throughout the Pandemic Crisis. Pacific-Basin Finance Journal, 67. doi: 10.1016/j.pacfin.2021.101563 6. Burtniak, I., Suduk, N. (2022). Mоdel of Determining Stock Market Votality. Bulletin of the Khmelnytskyi National University, 1, pp. 316-320. doi: 10.31891/2307-5740- 2022-302-1-53. 7. Liubkina O. (2014). The Impact of Financial Innovation on the Nature of the Market Volatility of Financial Assets. Investments: practice and experience, 24, pp. 34-38. 8. Yastremskyi O., Kulyk, V. (2020). Volatility of the Financial Flows Structure of Ukraine’s Economy. RFI Scientific Papers, 2 (91), pp. 24-34. doi: https://doi.org/10.33763/npndfi2020.02.024 9. Hayes A. Volatility. https://www.investopedia.com/terms/v/volatility.asp Lyshtvan Dmytro, PhD student, National University of Life and Environmental Sciences of Ukraine, Ukraine FINANCIAL ACCOUNTING AS A BASIS FOR FINANCIAL MANAGEMENT INFORMATION In the information society - the core of which is the development of information technologies, the freedom and globality of information exchange, the transparency of economic activity occupies a key place in the architecture of the institutes of the information economy, the institute of financial accounting. Its uniqueness lies in the fact that it is an institution of open, unrestricted access (that is, that is not secret, confidential or official) financial information. https://www.mof.gov.ua/en/derzhavnij-borg-ta-garantovanij-derzhavju-borg https://www.mof.gov.ua/en/derzhavnij-borg-ta-garantovanij-derzhavju-borg https://ideas.repec.org/a/eee/pacfin/v67y2021ics0927538x21000706.html https://ideas.repec.org/a/eee/pacfin/v67y2021ics0927538x21000706.html https://ideas.repec.org/s/eee/pacfin.html https://doi.org/10.33763/npndfi2020.02.024