The presented study examines the role of sectoral strategies as a set of measures for ensuring the sustainable functioning of major sectors of the national economy and regional economies of the constituent entities of the Russian Federation.

Aim. The study aims to assess the process of sectoral strategic planning from the perspective of achieving stable development of the national economy.

Tasks. The authors analyze sectoral strategies to see how they address the challenges and threats to sectoral development, examine the distribution of production of strategic priority sectors in the context of the constituent entities of the Russian Federation in order to determine its concentration, and systematize the major avenues for discussion regarding the role, place, and quality of sectoral strategic planning.

Methods. This study uses analysis to present various scientific opinions on strategic planning, identify its problem areas typical for the modern stage, and draw attention to the format of goal-setting for sectoral strategies and the results of their implementation.

Results. Five major directions of research on the problems of sectoral strategic planning are determined. The approach used in the development of sectoral strategies and the results of sectoral strategic planning are assessed. Low requirements for the formulated goal are identified as a characteristic feature of the modern stage of sectoral strategic planning, which leads to low indicators of sectoral development. That said, the issue of making allowance for the risks and threats to sectoral development is not sufficiently investigated.

Conclusions. The problem of sectoral strategic planning has many aspects for consideration, which serves as a basis for objective assessments of the current situation. The current results of the development of economic sectors indicate that there are significant problems both in the organization of strategic planning and in its implementation. The lack of clear progress in economic development and the majority of strategically important industries being concentrated in the European part of Russia encourages discussion and scientific search for solutions to the problem of updating the model of sectoral strategic planning.

Under the current conditions characterized by the exhaustion of sources for extensive industrial growth, developing an innovation-driven economy is particularly important: the impact of science and technology on the transformation of the industrial complex has been growing exponentially in recent years.

Aim. The presented study aims to determine ways to improve the monitoring system for innovative industrial development in the Russian Federation.

Tasks. The authors identify directions for the transformation of the system of indicators of innovative industrial development and provide recommendations for improving the efficiency of monitoring the achievement of target values with regard to these indicators.

Methods. This study uses a comprehensive methodological platform that includes an approach to assessing the government policy on innovation, program- and goal-oriented methods of innovative industrial development management, and quantitative methods for analyzing indicators of innovative industrial development.

Results. It is found that indicators in the system of target indicators of innovative industrial development in different government programs are duplicated and discrepant. In a number of key areas, there are no indicators whatsoever. The authors identify shortcomings in the methodology for evaluating the efficiency of government programs and propose their own approach to the formation of a system for monitoring target indicators of industrial development.

Conclusions. The study makes it possible to formulate a number of proposals for improving the monitoring system for innovative industrial development, the essence of which is not only to improve the methodological tools, but also to provide institutional support for the monitoring process.

The presented study addresses the issues of regulating the development of information infrastructure through the example of the advertising market. Outdoor advertising is an important element of the regional advertising market, the development of which is largely determined by the cost of installation and operation of advertising structures. Regional and municipal authorities are responsible for regulation and pricing in the outdoor advertising market. The subject of the study is the market of advertising structures located in the territories owned by the Sverdlovsk region, including those placed on highways of regional and intermunicipal significance, plots of land, public ownership of which is not allocated, in the territory of the municipal formation City of Yekaterinburg, as well as on buildings or other real estate owned by the Sverdlovsk region.

Aim. The study aims to develop a methodology for determining the base rate and correction factors for the installation and operation of advertising structures.

Tasks. The authors analyze the experience of the constituent entities of the Russian Federation and municipalities in determining the base rate and correction factors for the installation and operation of advertising structures; develop a methodological approach to determining the base rate; substantiate correction factors based on the features of advertising structures and their placement.

Methods. This study uses the methods of comparison, system analysis, and systematization of information.

Results. An approach to determining the base rate and a set of corrective factors are substantiated and proposed, making it possible to determine the cost of installation and operation of advertising structures with allowance for different conditions of their placement in the context of the market of advertising structures regulated by authorities.

Conclusions. The proposed approach to determining the base rate and correction factors will provide a market-based increase in budget revenues for the Sverdlovsk region and economic benefits for companies operating in the region's advertising market. The results of the study are used in the preparation of legal acts aimed at exercising the power of the Sverdlovsk region in the field of outdoor advertising and the development of information infrastructure.

The presented study considers the prospects and scenarios for the development of domestic and international maritime freight transport along the NEP and examines the major directions for the efficient maintenance of the northern maritime shipping route.

Aim. The study aims to make a projection and identify potential scenarios for the development of the Northeast Passage based on an analysis of the global and national maritime freight transport market. Tasks. The author analyzes projected scenarios for the development of the NEP, shows the efficiency of maintenance of the northern maritime shipping route, and identifies the most promising directions and stages of development of the global and domestic market of maritime freight transport along the Northeast Passage.

Methods. This study uses general scientific methods of cognition (analysis, synthesis, comparison, material modeling, etc.) to identify and systematize development scenarios required for the efficient maintenance of the northern maritime shipping route.

Results. The formation of an efficient northern maritime shipping route gives Russia economic and political advantages necessary to strengthen the country's position in the Arctic. By turning the NEP into a permanent international transport artery, Russia could significantly strengthen its position in the system of international maritime trade and navigation.

Conclusions. Having considered the main scenarios for the development of the NEP, the author concludes that the use of the NEP as an alternative route is the most promising option. The development of the NEP and organization of regular traffic remains the government's prerogative, providing an opportunity for cost-effective international transport (including container transport).

The presented study provides an interdisciplinary consideration of the concept of “smart” as a term and as a modern scientific and practical concept. The relevance of the study is substantiated by the need to examine and conceptualize the philological aspect of advanced technologies, i.e. the conditions, methods, and connotations of the use of terminology.

Aim. This study aims to analyze and summarize the usage of the term “smart” and its connotations in different fields of knowledge, including as a concept behind modern products and technologies.

Tasks. The authors examine the ways and purposes of using the term and concept of “smart” in the current scientific practice and provide a philological interpretation of this term and the related notions and concepts.

Methods. This study uses the methods of analysis and synthesis of information, formalization, and scientific inquiry.

Results. A wide list of terms and concepts related to the basic concept of “smart” is considered, and their definitions are provided. Information about the usage and semantic connotations of the term “smart” and related concepts in the current context of knowledge-based economy is summarized and analyzed.

Conclusions. In particular, the study shows that the translation of the English term “smart” into Russian turned out to be successful, leading to its widespread occurrence in the economic and cultural life of Russia. “Smart” as a component of new terms denoting technologies based on artificial intelligence retains its main connotation of a positive assessment of the results of human labor.

The authors analyzed a significant number of methods and techniques for assessing intellectual capital, yet could not identify publications describing a methodology for assessing the intellectual capital of clusters. The authors believe that this an omission considering the high importance of clusters in the development of national innovative and economic potential in the context of the digital economy. These facts substantiate the relevance of the study's topic.

Aim. The presented study aims to propose a methodology for assessing the intellectual capital of an innovative-active industrial cluster in the context of the digital economy.

Tasks. The authors define and describe the structure of an innovative-active industrial cluster and its intellectual capital; formulate the goals of assessing the intellectual capital of an innovative-active industrial cluster; provide a brief description of the existing methods of intellectual capital assessment and substantiate the selection of assessment methods; identify stages in the assessment of the intellectual capital of an innovative-active industrial cluster.

Methods. This study uses a combination of general scientific methods of cognition: observation, generalization, abstraction, and the graphical approach. These methods are used to consistently solve the tasks of the study.

Results. A method for assessing the intellectual capital of an innovative-active industrial cluster is proposed. It consists of three stages: preparatory, main, and final. As part of the proposed methodology, the goals of assessment are formulated, assessment methods are examined, substantiated, and selected, and stages and measures for the implementation of the proposed methodology are developed.

Conclusions. The presented study formulates a methodology for assessing the intellectual capital of an innovative-active industrial cluster in the context of the digital economy, which can be used to facilitate the development of the potential of innovative-active industrial clusters.

The presented study examines the specific sectoral aspects of formation of the digital image of socioeconomic systems. The subject of the study is the logistics system for military customers.

Aim. This study aims to examine the problems and prospects of forming a promising digital image of the key element of military-economic relations — the logistics system for military customers. At the same time, the digital transformation of this system is considered not as an independent phenomenon, but in the context of a broader trend involving organizational and technological transformations.

Tasks. The authors identify stages in the development of theoretical ideas about the organizational transformations of the examined system; consider the key technologies that can serve as a basis of the digital logistics system for military customers; formulate the principles of operation of this system based on the provisions of the ecosystem approach.

Methods. The study uses the methodology of the ecosystem approach, military-economic and evolutionary analysis, methods of grouping, comparison, and expert assessment.

Results. Digitalization is found to be one of the key trends in modern socio-economic development. However, the studies of this phenomenon remain insufficiently diverse from the sectoral perspective. The digitalization of military-economic processes is a particularly underexplored area. The authors propose to consider it in the context of not only general socio-economic, but also specific sectoral organizational and technological transformations associated with the improvement of the national (military) security system. It is established that this approach is new and integrates previous directions of Russian research into the transformations of the examined complex sectoral socio-economic system. The conducted analysis indicates that the following key technologies can serve as a basis for an advanced digital logistics system for military customers: Internet of things; big data; cloud technologies; artificial intelligence; virtual and augmented reality; blockchain; process automation; additive manufacturing. When developing such a system, it is recommended to apply the principles of transparency, modularity, platform approach, integrality, and network nature.

Conclusions. The conducted study shows that the formation of the digital image of socio-economic systems has peculiar industry-specific features that should be taken into account when creating and developing such systems. In particular, the study highlights this specificity in relation to the logistics system for military customers. The formulated theoretical provisions and practical recommendations can be used to improve this system.

The interest in public-private partnership as a form of interaction between government and business in transport infrastructure is driven by the fact that investments in the transport sector have historically served as a basis for successful economic development. About half of the world's infrastructure costs are related to transport.

Aim. The presented study aims to examine the expansion of the institutional environment's capability to use public-private partnership, statutory regulation of interaction between government and business in the form of public-private partnership in transport infrastructure.

Tasks. The authors examine the regulatory framework of public-private partnership, analyze the economic effect from the use of public-private partnership in Russian transport infrastructure, identify the need to significantly expand the interaction of government and business in transport infrastructure through the use of public-private partnership, substantiate the benefits of using public-private partnership in transport infrastructure as a form of interaction between government and business.

Methods. The methodological basis of this study includes the fundamental provisions of modern economic theory, theory of public administration, and research in the field of public-private partnership. The information basis of the study includes laws and regulations of the Russian Federation on publicprivate partnership and Russian statistics on the results of interaction between the government and private business in the form of public-private partnership.

Results. The study shows that cooperation between the government and private investors is mutually beneficial. Cooperation brings additional investment for the government, which makes it necessary to significantly expand the interaction between government and business in transport infrastructure by using public-private partnership.

Conclusions. The study shows that public-private partnership used for the development of transport infrastructure provides the government with significant additional private investment in the economic sector that previously could only rely on public funding. Costs and risks are redistributed between the state and the private investor; the best managers and modern technologies are attracted from the private sector; project completion times are significantly reduced. Private investors receive state guarantees on minimum return and return on investment as well as access to the market in an economic sector with stable demand - the public services sector.

The spread of coronavirus infection, the resulting pandemic, and the subsequent economic crisis have had a significant impact on the accounting and financial reporting of Russian and foreign companies. Aim. The presented study aims to analyze the impact of the pandemic on the accounting and financial reporting of organizations.

Tasks. The authors identify and classify areas of the financial and economic performance of organizations affected by the pandemic and examine methods for recording them in accounting and reporting in accordance with the requirements of the modern regulatory system in Russia and worldwide.

Methods. The methodological framework of this study includes general scientific methods of cognition, namely observation, generalization, comparison, analytical assessment of the content of legal documents in the field of accounting and reporting.

Results. Based on the principle of prudence, which should be ensured by the accounting policy of each organization in accordance with Russian Accounting Standard 01/2008, areas of the financial and economic performance of organizations affected by the pandemic are those with a negative impact. These areas are divided into three directions: increased operating costs (for ordinary activities and other expenses), decreased economic benefits gained from expenses incurred in the past (identification of onerous contracts), and uncertain future business environment (adjusting and non-adjusting events). While the overall increase of semi-fixed expenses of organizations during the pandemic may be compensated by a significant reduction in variable costs of the company's ordinary activities due to their reduced scope, cost-effectiveness associated with the execution of contracts concluded before the pandemic may be reduced in some cases. Adjustments in the estimated economic benefits relative to the costs of these contracts must be reflected in financial statements. In order to adequately reflect the future uncertainty of the business environment in the accounting records, it is necessary to use the professional judgment of persons responsible for the formation and presentation of these records to interested users. In the context of the pandemic, this judgment should be applied to the assessment of the going concern assumption, net realizable value, impairment of receivables, fixed assets and intangible assets, obligations under onerous contracts, etc.

Conclusions. The methodology for recording the impact of the pandemic on the financial and economic performance of the organization in accounting has been sufficiently developed and enshrined in the current versions of international financial reporting standards. Depending on the circumstances specific to a particular organization, persons responsible for financial reporting should make professional judgments regarding various significant issues. At the same time, special care should be taken in this regard, because overestimating income and assets (or underestimating expenses and liabilities) can mislead interested users, and overestimating the created reserves (underestimating the value of assets, overestimating expenses and liabilities) can lead to an unfair decrease in the company's investment attractiveness. Information about such judgments should be fully disclosed in accordance with IAS 1 - Presentation of Financial Statements. According to Russian accounting law, federal and industry standards effective in the Russian Federation are based on international financial reporting standards, which means that these issues will need to be addressed when preparing interim and final financial statements of Russian enterprises in 2020.

Aim. The issues of reformation, sustainability, and efficiency of the Azerbaijan banking sector in the context of growing competition are not properly addressed in the works of Azerbaijani scientists and economists. Having examined the results achieved in the development of the banking sector and problems that arise in this area, the authors provide recommendations and propose ideas for the development of this sector.

Tasks. The presented study shows the stages of formation of the country's banking sector and examines new trends in the development of the banking sector over the past decade.

Methods and materials. The methodological basis of this study includes a dialectical approach to analyzing the fundamental phenomena and mechanisms that facilitate the development of economic relations and a systems approach to uncovering key factors in the development of the Azerbaijan banking sector. The study also uses such methods of scientific analysis of socio-economic phenomena and processes as statistical, comparative, fundamental, and functional analysis, expert assessments, and modeling. A number of provisions reflect the scientific works of foreign and Azerbaijani economists on the problem of institutional development of the banking system of Azerbaijan. The theoretical basis includes the final results of fundamental and applied research published in periodicals, monographs, and proceedings of scientific conferences.

Results. The emergence of new factors and rapid changes in the internal and external macroeconomic environment create prerequisites for further research on the problem of developing and increasing the stability of the Azerbaijan banking sector in the face of new challenges. This makes it necessary to examine and identify the main problems that prevent Azerbaijani banks from achieving a high level of efficiency. The results of the study reveal the patterns and current trends in the development of the Azerbaijan banking sector in the face of new challenges. The authors analyze the characteristics of the stages of development of the Azerbaijan banking sector, assess the current state of the banking sector, determine the legal status of the Central Bank of Azerbaijan and the reasons for the transition to the floating manat exchange rate. In addition, the money transfer market of Azerbaijan and the development of non-cash payments are analyzed, and the prospects for the introduction of financial technologies, including the operation of the Institute of Islamic Banking in Azerbaijan, are determined.

Conclusions. The analysis of the Azerbaijan banking sector shows that the main reasons for the financial problems of the country's banks are the fall in the prices of energy products and depreciation of the national currency — the manat. Despite clear progress in capitalization growth, its level is still inadequate in relation to the needs of banks and the country's financial system as a whole. In spite of a certain improvement, the situation in the Azerbaijan banking system remains unstable: dollarization, unhedged currency positions, and non-performing loans remain at a high level, and some banks are undercapitalized or insolvent.

Aim. The presented study aims to develop a reference model of a system of processes for controlling the parameters of technological processes of installations involved in the production of commercial petroleum products.

Tasks. The authors use specially designed mathematical models to select optimally configured parameters of technological processes based on the criterion of minimizing production costs; consider the need to supply final petroleum products in quantities determined by a system of contracts with customers; formulate the process landscape of an oil refinery and identify the main business processes.

Methods. The methodological basis of this study includes the process approach, process management, decision-making theory, and optimization theory. The study uses information about the business processes of an oil refinery and the results of research on the development of specialized mathematical models for the predictive analytics of petroleum production.

Results. The result of the study is a model of the system of basic business processes of an oil refinery, with a focus on the subsequent automation of processes based on the developed models.

Conclusions. By constructing the process landscape and identifying the main business processes of an oil refinery, it is possible to build a reference model for the system of processes for controlling the parameters of technological processes involved in oil refining. Further research will focus on optimizing and automating this system of business processes.

The presented study examines efficient tools for the development of the sports industry based on PPP in the context of limited budget allocations and the need to introduce innovative management methods and new technologies for providing services.

Aim. The study aims to develop an algorithm for implementing public-private partnership tools in the sports industry management system based on the analysis of theoretical and methodological foundations of efficient interaction between the public and private sectors.

Tasks. The author considers the specific features of the mechanism of formation and implementation of public-private partnership projects, identifies efficient tools for the development of the sports industry based on PPP, determines the stages of PPP implementation, and develops a scheme for implementing the PPP project in the sports industry management system.

Methods. This study uses general scientific research methods, including analytical, systems, comparative, and economic analysis, and the graphical approach.

Results. The specific features of the organizational and economic interaction between the government, business, and population within the framework of PPP are examined, which involves achieving social and economic goals, creating conditions for the functioning of the infrastructure complex, and meeting the needs of society. Strategic indicative planning is found to be the most effective mechanism for the implementation of PPP tools in the development of infrastructure projects and coordinating the interests of the government and business entities. This mechanism requires the government to have a specific global goal and national priorities that would direct and motivate economic agents to fulfill them in the national interests. The author has developed an algorithm for the implementation of public-private partnership tools in the sports industry management system.

Conclusions. The developed algorithm for implementing PPP in the sports industry is a general scheme for step-by-step implementation of a PPP project as a methodological approach to meeting social needs, improving the social system and the public good in order to meet the interests of the state and the private sector and improve the well-being of the population.