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• New directions in aviation controlling – a systematic review

  21-33

  Eszter Kárpáti

  Views:

  62

  The aviation industry has become a rapidly growing sector in a turbulent environment over the past decade, especially in the case of ULCC (Ultra Low-Cost Carrier) airlines in Europe. The growth of these kinds of airlines has led to volatile airport revenues, further diversified by AI and digitalisation. The aim of this paper is to analyse, through a systematic review, the role of controlling methods in this context, with a particular focus on Europe and the Central and Eastern European market. The research was conducted using the PRISMA method on the Scopus and Web of Science databases, covering the period 2005–2025. The study is structured around three main topics: cost-cutting methods of ULCC airlines, opportunities for increasing airport revenues, and the effects of digitalisation on the aviation industry, especially on controlling systems. The results show that controlling methods are not uniform and are often unable to adapt to a rapidly changing environment and operational complexity. One of the main conclusions of this research is that it may be worthwhile to create an entirely new, industry-specific controlling method that synthesises the principles of ULCC operations, airport management, and the improvement opportunities brought by digitalisation. The primary goal of this paper is to provide a foundation for further research and for the development of such a model.

• Comparative analysis of the first-time application of international financial reporting standards, using the example of two companies

  107-119

  Dániel Bartha

  Views:

  266

  In this article I have made a comparative analysis of the first application of International Financial Reporting Standards (IFRSs) from the perspective of two Hungarian companies engaged in financial activities, Budapest Fund Management Ltd. and Fundamenta-Lakáskassza Kft. The aim of the research is to explore the differences between the Hungarian accounting system and IFRS, with a special focus on valuation principles and methods.

  The study presents IFRS 1, IAS 1 and IAS 12 and the effects of the transition to IFRS on the financial statements. Of the two companies examined, the changeover resulted in only minimal changes for Budapest Fund Management Ltd., while Fundamenta-Lakáskassza Kft. experienced more significant changes, particularly in the accounting for securities and deferred taxes. The research concludes that IFRS-compliant reporting provides more detailed and transparent information to market participants. However, the transition to IFRS can impose a significant administrative and financial burden on companies, especially smaller companies. The author suggests further convergence of the Hungarian accounting system towards IFRS, taking into account cost-benefit ratios.

• OPPORTUNITIES OF TICKETING SYSTEM IN THE AGE OF DIGITALIZATION

  Vencel Kis

  Elvira Bocskei

  Views:

  234

  Nowadays there are plenty of tools what the firms have in order to achieve problem-solving and their chosen method can refer to the current lifecycle and digital maturity of the organization. The most common application in the case of bigger enterprises is the ticketing system. Apart from the rapid changing technologies some new opportunities can be brought to life like innovative functionalities or even application integrations. Very important aspect the scalability is as people put focus on at the first phase of implementing thus other divisions of the corporation can benefit from its transplantation.

• SLR ABOUT THE COSTS OF PRIVATE BLOCKCHAIN TECHNOLOGY FOR BUSINESSES

  22-33

  Péter Nagy

  Adrián Szilárd Nagy

  Views:

  239

  Since the appearance of Bitcoin (2009), blockchain technology has been used in many fields. Companies use it for financial services, goods tracking, data authentication and secure storage, among other things, in order to make their operations more transparent and efficient. This technology has revolutionized the data management and transaction processing, but the associated costs are also significant and relevant to understand. The costs of blockchains vary and depend on the type of blockchain and how it is used. In this article, we examine the costs of using blockchain technology based on international literature, studies and reports with systematic literature review. In the results the range of possibilities offered by technology is presented, as well as the technology related cost types, and expenditures what companies have to deal with.

• Controlling Methods for SMEs’ Risk Reduction

  23-30

  Vilmos Lakatos

  Vanda Vivien Ipolyi

  Tímea Tímár

  Views:

  299

  A substantial proportion of entrepreneurs strive to reduce the risk of their activity, which means they refer to a number of methods known, but rarely applied by them. Risk reduction activities can be totally interconnected with the ‘controlling’ approach and methods that are still not well known to a lot of company executives, but the introduction and application of those methods provide tangible results for business decision-makers within a relatively short period of time. The paper presents the size, activity, financial process characteristics, planning features, suppliers and buyers' evaluation practices of the investigated SMEs using correlation analysis methods. The study is a continuation of a research topic that has been going on for many years and is based on data collection from the years 2015 and 2016. We have evaluated the planning and management features of a total of 53 micro, small and medium-sized enterprises by questionnaire processing.